Well Organized Scam Projects - page 5.

jhonjhon

full member

Activity: 1316

Merit: 126

Quote from: Inosend on April 15, 2020, 05:28:44 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.

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: Esterklu on April 15, 2020, 01:16:26 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.

Inosend

copper member

Activity: 299

Merit: 1

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.

StephenJH

hero member

Activity: 1470

Merit: 521

No more Rekt and Bust

Quote from: daglordjames on April 15, 2020, 03:58:00 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 even experienced users. Social engineering techniques never die and the worst side of social engineering is the user gives all necessary information for scamming. Perfect scams don't exist, only stupid users let them do whatever they did for convincing the opponent side.

Esterklu

member

Activity: 728

Merit: 10

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.

daglordjames

member

Activity: 550

Merit: 10

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.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 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

Yes, you're not lying about this. There are some scam projects that are well organized and people don't know that they are scammers until they carry out their plans and by then it's already too late to do anything about it. But, I still think that it is possible to find out at the earlier time, and that's with the team.

If you want to play it safe, you should check out the team that's running this project and get to know their social media handles on Twitter and LinkedIn. After you have gotten their handles, you should check them out on those platforms and see when they have been active, and if they are still new accounts, then you will have to be wary of them.

Yamifoud

hero member

Activity: 2828

Merit: 518

DGbet.fun - Crypto Sportsbook

Quote from: ije07 on April 15, 2020, 03:52:29 AM

I think it's quite difficult to find fraudulent projects, because most projects look convincing or look real. as you say that the project is well organized, but there are still ways to avoid it by doing detailed research about the project and leaving if you see suspicions about the project.

They are not perfect, there's always a hole in a team that would give us a hint to figure out their true identity and market intentions. Of course, we can't easily figure it out and they are making things to sort it out but this kind of trick will never succeed in the ends. But the sad note is that they already have their victims before it was noticed by many. It can be an unlucky day for them who are caught this scamming activity but the good thing is that we save a lot and also the market reputation.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: daglordjames on April 15, 2020, 03:58:00 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.

oh really man ? that was scary but i think i agree with this because i also see people complain about scams and those people are not really new on this world of cryptos so i assume they already done thier research but unfortunatly scammers still succeed .

nothing they can do anymore about their money but they can always report it here so that other investors that seeks advice can be aware and be save from incoming dangers . but dont worry , karma is the only one that can find them .

ije07

sr. member

Activity: 1435

Merit: 250

PredX - AI-Powered Prediction Market

I think it's quite difficult to find fraudulent projects, because most projects look convincing or look real. as you say that the project is well organized, but there are still ways to avoid it by doing detailed research about the project and leaving if you see suspicions about the project.

rdewilde

full member

Activity: 925

Merit: 100

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 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

This is true that most projects which later scammed once had good whitepaper, potential use case etc which make me most of the times fancy IEOs on top exchanges as the rate of exit scam is little to none. Nevertheless, what can we do than to increase our study skills, learning from how others were able to scam even when seen as good projects and using it as a basis to learn more about others. Also, another way most people tend to follow is waiting till the project is listed on good exchanges. However, in all sincerity, it is hard knowing how to spot scam projects because humans can't be predicted so at all times be watchful.

fulled

full member

Activity: 644

Merit: 103

theres not a 100% safe trick to avoid well organized scam project, for me even i did deep research for weeks, sometimes i still get scammed by a project, so for now, i just stop doing research and just wait till the project hit big exchanger, traded in big exchanger is my indicator to invest in a project now

Genemind

sr. member

Activity: 1596

Merit: 335

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 AM

How can we save 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, everything is so real and make sense, please give advice about this

White papers are easy to create as long as you have technical knowledge. Even team profiles are also fake. That is why you need to make a thorough understanding or research of the project. You need to do more than reading or if you must check each of the profile of the team to know if the team is composed of ligitimate person or of it is a fake profile.

UPUPUP3

newbie

Activity: 4

Merit: 0

Quote from: slackovic on April 13, 2020, 01:54:32 AM

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 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

The best way to detect a fishy or a scam project is if it's promising something that sounds to good to be true. If someone is offering you a guaranteed 5%, 10% or even more daily, weekly or monthly gain, then that is a scam. No one can guarantee that much gain on such a short period. 5% gain on a yearly basis is great and everything more than that should be considered at least suspicous.

Agree, never believe those high profit project Angry

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

Quote from: julerz12 on April 13, 2020, 01:11:10 AM

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 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

Extensive research. Not just the kind of research wherein you're just scanning the project/startup's website and not doing extensive background search.
You need to look past the wonderful looking website, the listing promises to a prominent cryptocurrency exchange and even to how well-known the team behind such a project is.
Dig deeper until you find some red-flags. Avoid getting lured in with the "nice things" others may say about the project/company; you'll have to do your assessments on your own.
If everything checks out then you may jump-in, but remember, invest only what you can afford to lose.

These stuff mainly the critical points participants are missing out. Scam projects aren't that dumb to let themselves be find out easily. So as persuasive the project may look like, hiding shading things would be on their top priority but that doesn't mean they'll get everything cornered out. If you are going to dig deeper you could find those unusual things and be soon can conclude that such project ain't real at all. So, yes, research is still a thing though but do it not in general way. You know, small pebble in your shoe can ruin the whole marathon.

SistaFista

sr. member

Activity: 1638

Merit: 251

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 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

In cryptocurrency, i don't think we can ensure that we are 100% safe from scam projects.
There is always scam risk before we invest on any crypto projects, that's why many peoples said invest in crypto with only what you can afford to lose.
But actually we can reduce the risk by researching toward the project we want to invest, usually it consume a lot of time for research but it worth to do.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 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

I think this thread can also help hunters to avoid signing up to scam bounty. https://bitcointalksearch.org/topic/m.53975958

Some signs are obvious while you have to assume some yourself with experience. It is really bad to help in project promotion and not get your share of the agreement.

Lynfax

newbie

Activity: 32

Merit: 0

Quote from: suryapro on April 14, 2020, 12:36:16 PM

repeatedly the bounty hunters ask about scam project or not. but the definitive answer is we don't know it. because once again I explain to you , who knows the project is fake or not just the owner of the project itself. even a bounty manager doesn't know the project he's handling. so what we can do is choose a project based on how we feel.

And the funny thing about all these bounties is there are a lot of guys who recommends to other people reliable bounties. But as you already mentioned - there are no confirmed info in public about any bounties nowadays

TrevorS

sr. member

Activity: 1050

Merit: 377

Quote from: isaac_clarke22 on April 14, 2020, 12:52:55 PM

Don't wait for someone to post in Scam Accusation before deciding, as you can investigate it by yourself anyway. Believe me, your research is more worth the money that you could've risked as you will not only save your money for some garbage throw investment but save a lot of investors from starting to have fear in investing due to many scams just like the fear that caused ICOs to disappear.

You're right. If a project is not listed, this does not mean that the project is not a scam. You need to check everything and as carefully as possible.
Scamers are very smart and cunning and will do everything possible to prevent them from being discovered.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Don't wait for someone to post in Scam Accusation before deciding, as you can investigate it by yourself anyway. Believe me, your research is more worth the money that you could've risked as you will not only save your money for some garbage throw investment but save a lot of investors from starting to have fear in investing due to many scams just like the fear that caused ICOs to disappear.

Topic: Well Organized Scam Projects - page 5. (Read 1057 times)