Well Organized Scam Projects - page 4.

Natalim

hero member

Activity: 2898

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BTC to the MOON in 2019

Quote from: Surrapatt on April 16, 2020, 06:54:03 AM

Quote from: KeezAZA on April 16, 2020, 05:22:33 AM

look for the reviews if there is no match information why would you spend your money if you know nothing about

Yes, at least we must know about the project first, so that the capital we use on the project can be useful and benefit later, because only stupid people want to throw away money on unclear projects.

Why not wait until the market is bullish, that way we have a good chance that new projects will earn success.
For now, IMO, it's better to invest on popular coins that has big support as they won't die although seeing a drop of its value is possible.

Surrapatt

sr. member

Activity: 1078

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Quote from: KeezAZA on April 16, 2020, 05:22:33 AM

look for the reviews if there is no match information why would you spend your money if you know nothing about

Yes, at least we must know about the project first, so that the capital we use on the project can be useful and benefit later, because only stupid people want to throw away money on unclear projects.

ballerin and giroud

member

Activity: 868

Merit: 16

Quote from: Bitbtc8 on April 13, 2020, 02:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

No, the scam project will never have a good team and didn't have a use case as you said. That it mean you didn't do a good analisys to the project that you choose. Scam project, it mean will no have a feature can be used to solve the problem in this world. I believe when there is a project which is have a solve problem on this world and have a good mindset from its team then the project will never fall to the scam project at the and. The team will force themselves to improve and fix some problems that in the project.

el kaka22

legendary

Activity: 3542

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Bitbtc8 on April 13, 2020, 02:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

That is the sad part, it is almost always too late to realize they are scams before they get to peoples money.

By the time you figure out that they are a scam and they are stealing peoples money, they are already very rich thanks to all the victims they have and we can't really reverse things because in bitcoin when you send money you sent it and there is no turning back from it. That is why it is vital importance to keep your eye open and let things go for a while before you join them, I know being early bird investor to many things made people rich which is why everyone tries to get in before it is too late but at the same time if you are too early, you would be one of the first ones to get your money stolen as well, that is why you have to risk not making too much profit and wait so you can be sure.

KeezAZA

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https://eloncity.io

look for the reviews if there is no match information why would you spend your money if you know nothing about

akirasendo17

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Activity: 1106

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Quote from: Bitbtc8 on April 13, 2020, 02:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

There is always a hole in a scam projects, they will always mistakes in the middle of their scheme all the time at the same time there are always people who research regarding the projects , these people always look at the projects very carefully, they also make comments in a group made by a projects and ask lots of question, because they knew something is not right, so always read comments to be safe don't just look in one group

zaim7413

sr. member

Activity: 1232

Merit: 332

Vave.com - Crypto Casino

Quote from: trauchot on April 16, 2020, 03:59:29 AM

Nowadays it is very risky to invest in any cryptocurrency project, so now I only make investments in cryptocurrency projects that conduct IEO on top exchanges like binance, huobi, bittrex and constantly get profit and do not lose my investments.

This looks a bit funny, because in your main sentence you say that at this time it is very risky to invest in a crypto currency project, but in the next sentence you say you always make a profit from investing in a crypto currency project, you should say this in advance so you don't looks funny.

Jateng

full member

Activity: 1194

Merit: 126

Think Different

Quote from: trauchot on April 16, 2020, 03:59:29 AM

Nowadays it is very risky to invest in any cryptocurrency project, so now I only make investments in cryptocurrency projects that conduct IEO on top exchanges like binance, huobi, bittrex and constantly get profit and do not lose my investments.

It's the right choice since this crypto exchange have reputation over the past years and continue to provide to their users. It's hard to track down this scam projects because of well organize and realistic but there are some aspects that you can know if it's a scam. You should ask them some difficult question specially about their purpose and objectives of the project directly to their admin. Always read a lot of project review it will help you a lot.

trauchot

member

Activity: 1764

Merit: 10

Nowadays it is very risky to invest in any cryptocurrency project, so now I only make investments in cryptocurrency projects that conduct IEO on top exchanges like binance, huobi, bittrex and constantly get profit and do not lose my investments.

Cheesus

sr. member

Activity: 692

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terra-credit.com

Quote from: Mighty_crypt on April 16, 2020, 02:58:25 AM

I will like to list few ways you can detect scam projects on this forum but mind it remember to only invest what you can afford to lose
1. github
2. Tough questions
3. Use search engine on team images

Also make sure that the team have experience of what they are planning to do, not through LinkedIn accounts only

Cool observation, mate! Any investor should follow these steps to find a better project! Most of the project doesn't have GitHub sources, they just create some new accounts and buy some old accounts and rebrand it to their project name and come to raise money! Everyone needs to research about a project's team members because all the fraudulent project uses photoshop pictures in the team section! I asked some questions to RideNode team about regulations, they gave a shitty answer and then banned me. So, it's another good idea to ask a constructive question to know the project's depth!

Iyanu14

member

Activity: 795

Merit: 10

Quote from: Bitbtc8 on April 13, 2020, 02:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

At times, one may not be able to avoid all scam projects, even the wisest of the investors or hunters may not be able to, but if one is able to avoid about 95% of scam projects, then it is a good thing.
Part of the points I want to add is that, we should consider the integrity of the bounty manager handling such project, what was his or her past achievement when it comes to delivering good bounty projects. There were some BM that 3 out of the last 5 projects they executed have not paid people and without the hope of paying, the same BM is coming up with another project again, then we should be careful. Another caution is that, we should be careful of too much sweet promises from the projects. There are some promises or plan that seems almost impossible. When we are seeing all these too sweet promises, then we should take some caution.

ahmia39

sr. member

Activity: 1400

Merit: 251

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: Goodvalony on April 16, 2020, 01:33:28 AM

My opinion though, invest for such term and not for the long term because we all are here for the money. Nobody cares about how you loose your funds. it is all about how much you accumulates. most calculated scammers always make it to the big exchanges. Make huge sales before disappearing. if you are scared of gambling, leave the project. such projects are always short term. Know when to move in and when to sell out.

Yes, someone who always knows when to move and when to sell, will always avoid losses and avoid scammers, because everyone needs more understanding and knowledge to be able to benefit in the short term, because the market situation is always changing at every year.

Mighty_crypt

member

Activity: 784

Merit: 21

I will like to list few ways you can detect scam projects on this forum but mind it remember to only invest what you can afford to lose
1. github
2. Tough questions
3. Use search engine on team images

Also make sure that the team have experience of what they are planning to do, not through LinkedIn accounts only

Free1bitco.in

hero member

Activity: 1624

Merit: 500

the best way I think about avoiding project scams is to buy tokens from projects that already have a lot of markets, especially in large markets. for examples like XRP, or LTC, it is a coin that already has many popular markets. I think projects like that are safer than projects that only list in a few markets. in addition, for new projects, try to see their potential with whom they work together.

Goodvalony

member

Activity: 616

Merit: 16

My opinion though, invest for such term and not for the long term because we all are here for the money. Nobody cares about how you loose your funds. it is all about how much you accumulates. most calculated scammers always make it to the big exchanges. Make huge sales before disappearing. if you are scared of gambling, leave the project. such projects are always short term. Know when to move in and when to sell out.

lienfaye

hero member

Activity: 2912

Merit: 629

Quote from: Bitbtc8 on April 13, 2020, 02:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

Researching can help to determine if the project is legit but its not enough sometimes, as you have said there are scam projects that looks real and promising.

So we have to be extra careful and look for the factors that can identify the legitimacy of the project. Gather an information and ask for opinion of your known crypto enthusiasts (or here in the forum) it can give you an idea and a decision whether to trust the project or not.

Twinkledoe

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Natalim on April 15, 2020, 06:56:53 PM

Quote from: jhonjhon on April 15, 2020, 06:36:56 PM

Quote from: Inosend on April 15, 2020, 06:28:44 PM

They are everywhere I mean they've spread like viruses and the major problem here is that this guys are causing alot of harm to blockchain technology and crypto space and something has to be done to stop it.

It is absolutely happening since before. Scam and other forms of fraudulent activities are already existed not only in crypto but also in the outside.
Scammers are now developing their strategies to work effectively that is why they can't be easily recognized to be scammer.
And talking about the stoppage of this kind of market trick is out from reality coz definitely we can't make it possible. That is why we should be careful and take more precautions is choosing a project for investment.

As the market is growing, more scammers are trying to milk from people who does not educate themselves on crypto.
We cannot stop these scammers to play around in less regulated market, but we can minimized their activity by making ourselves educated to crypto.
We learn and share our experience, that would already help the newbie in the market as they are usually the ones who will easily fall on the scams.

That's right, since we can't stop those scammers from screwing unknowingly individuals. It is better not to support them for now and make time to educate ourselves. Maybe they are planning a new scamming scheme. They are getting better and better these days. Also, if you found one, even in telegram channel you can report them so they will be banned accordingly.

pikkie

sr. member

Activity: 924

Merit: 256

Quote from: StephenJH on April 15, 2020, 05:46:41 PM

Quote from: daglordjames on April 15, 2020, 04:58:00 AM

there are really a lot of perfect scam and even we investigate deeply about the project we wouldn't still know that it's a scam.

Scammers are not stupid, the wise scammers know how to use the tricky ways for fooling the even experienced users. Social engineering techniques never die and the worst side of social engineering is the user gives all necessary information for scamming.

Scammers will have more advanced plans than their victims because they must have done careful planning so that new traders who still don't have much experience will be exposed and become victims of these scammers.

my advice is better to be careful when wanting to invest or trade in a new place of exchange.

Natalim

hero member

Activity: 2898

Merit: 590

BTC to the MOON in 2019

Quote from: jhonjhon on April 15, 2020, 06:36:56 PM

Quote from: Inosend on April 15, 2020, 06:28:44 PM

They are everywhere I mean they've spread like viruses and the major problem here is that this guys are causing alot of harm to blockchain technology and crypto space and something has to be done to stop it.

It is absolutely happening since before. Scam and other forms of fraudulent activities are already existed not only in crypto but also in the outside.
Scammers are now developing their strategies to work effectively that is why they can't be easily recognized to be scammer.
And talking about the stoppage of this kind of market trick is out from reality coz definitely we can't make it possible. That is why we should be careful and take more precautions is choosing a project for investment.

As the market is growing, more scammers are trying to milk from people who does not educate themselves on crypto.
We cannot stop these scammers to play around in less regulated market, but we can minimized their activity by making ourselves educated to crypto.
We learn and share our experience, that would already help the newbie in the market as they are usually the ones who will easily fall on the scams.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: Psynthax on April 15, 2020, 06:32:06 PM

Quote from: Esterklu on April 15, 2020, 02:16:26 PM

Only deep research. I also keep a close eye on how the projects keep their promises and how realistic they are. But of course, no one can give you a 100% guarantee.

As long as what already promised by the project looks realistic and it may be considered as a project that is still in the gray area caused by it has the possibility to be a good project nor bad project too. The fact that if there's not a thing that will give you 100% guarantee. People have already familiar with this as the main thing to determine the project whether it's a scam project or a trusted project.

Nowadays, it's really hard to find a legit project as almost of the projects seem so legit but at the end of the campaign, they suddenly break their promises. If i were to check the legitimacy of the project, i will research deeply the personal record of the bounty manager. Of course he would not let his dignity messed up with a scam project. And check if the members in the telegram are all active especially the team behind it.

Topic: Well Organized Scam Projects - page 4. (Read 974 times)