Well Organized Scam Projects - page 7.

tbterryboy

sr. member

Activity: 1946

Merit: 322

Quote from: Cryptrx on April 13, 2020, 03:55:31 PM

Crypto frauds are hidden through different ways, some are easy to detect but some have perfected the act that it is impossible to suspect fraud until they have executed their plan.

You are right. These days it has become to hard to filter out legit projects from scammy one. I guess it would be much better to stay away from bounty campaigns and only investing into any new coin after a clear suggestion from any crypto experts. Because I cannot afford with any losses just due to being part of any scam projects. So, I act slow in choosing new coins and I believe I am staying secured so far this way.

I guess there should be some simple regulatory authority for approving good projects so that small investors like me may stay find this altcoins industry more profitable and safer for investments.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

Crypto frauds are hidden through different ways, some are easy to detect but some have perfected the act that it is impossible to suspect fraud until they have executed their plan.

acdc

sr. member

Activity: 939

Merit: 256

At the present time, it is very difficult for us to detect a fraud project. Everything is perfect until the development team leaves and leaves a pile of trash.
Trying to do more research is a way to help us avoid some risk, or better yet, only invest in reputable projects in the market.

thesmallgod

full member

Activity: 1498

Merit: 129

After witnessing the Denaro scam, I can tell you it is very difficult to detect a scam project even when you deep down about the team. Some of these projects are perfectly organized to the extent that nothing they provide you will be fake. However, I have discovered it is better to participate in projects that if it is not successful, you will get your money back. And this is the reason why you need to know maybe the business is officially registered in the country where they claim to be. Any project that is not registered or you cannot find any information about business registration is not to be considered. from experience, projects that are duly registered especially in europe are not likely to scam you.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

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

Seriously it is painful and the only way is still through research but in this case, a well thought-out research where enough time is invested into finding the truth and not the ordinary glance at the whitepaper or social media accounts etc. Scammers are improving their tactics everyday and hence one needs to be at alert all the time to ensure he is safe. In whichever case, when doubts arises from investing in a project, asking people's opinions is also a good step, as there is no crime in asking.

SirLancelot

hero member

Activity: 2492

Merit: 582

"CoinPoker.com"

Quote from: Sanugarid on April 13, 2020, 02:37:56 PM

Quote from: TrevorS on April 13, 2020, 01:34:08 PM

Only your vigilance and critical thinking will help you avoid falling into the paws of scammers.

Indeed that is why researching before joining or investing in a campaign will make your life easier about it. You know why people keep getting scammed? simply because they are taking the cryptocurrency for advantage, they come for money and easy way to get rich not knowing that they have got with predators in the wild.

Yes, doing due diligence will help anyone to avoid scammy campaigns and projects before wasting efforts or investing with them. I believe it will be more helpful if this community forms a team of people who are experienced in identifying fake team and copied White-Paper kind of things. When that team will be approving a project then only it should come into effect for conducting campaigns and then to be listed on exchanges. This will be simply possible for this community because we are having a lot of powerful people who can influence into exchanges also.

I believe you this way we could identify scammy projects very easily and also participants of campaigns can donate some fee for those the members so that they will not find it as a hard work and they will work more enthusiastically for better environment of this community.

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

Quote from: TrevorS on April 13, 2020, 01:34:08 PM

Only your vigilance and critical thinking will help you avoid falling into the paws of scammers.

Indeed that is why researching before joining or investing in a campaign will make your life easier about it. You know why people keep getting scammed? simply because they are taking the cryptocurrency for advantage, they come for money and easy way to get rich not knowing that they have got with predators in the wild.

Quote from: TrevorS on April 13, 2020, 01:34:08 PM

Not a single scammer forced you or at gunpoint to send him your funds; people always do this voluntarily, even through deception.

Just you and your decision making, it's you who clicked, it's you who decide and it's you to suffer. Better be thinking twice before investing.

Perfect35

member

Activity: 854

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

Part of the means through which scam projects are caught are either through plagiarized whitepaper or fake team, but I have now noticed that a lot of them will try to outsmart in these areas. They might decide not to have a voluminous whitepaper. Some of them even write just one-page whitepaper to escape being caught through that means.

When it comes to the team, they might tell you that they are using anonymous team, which could not be revealed or that their team are on twitter or cord and if you want to reach them, you can talk to them through that means. Although they will remain suspicious, you cannot yet conclude through that on whether they are scammers or not.

When a project becomes questionable like this, it is better you do not invest in it.

TrevorS

sr. member

Activity: 1050

Merit: 377

Only your vigilance and critical thinking will help you avoid falling into the paws of scammers.
Not a single scammer forced you or at gunpoint to send him your funds; people always do this voluntarily, even through deception.

htsy585

full member

Activity: 573

Merit: 102

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

I guess everyone has had a fair share of bad experience with them well organized scam projects. This particular reason is why lots of investors are now only investing in IEO projects listed on prominent exchanges such as binance and lot of people have had a fill of scam from startup project and do opt in for already established trusted coins to invest in. I guess when doing research for projects now, you have to look beyond well decorated whitepaper and websites and look more into the guenuity of the team behind the project

joshy23

sr. member

Activity: 1078

Merit: 256

Quote from: minairia3 on April 13, 2020, 12:02:13 PM

A well organized project seems to have a flaw if you look closer and deeper with their act and stance. Yeah of course they will act normally and without much nerve to have suspicion of them as scammer. Well there are plenty of ways on how to deal with them.

Always dig up their whitepaper find something that they just copied from other sources. A scammer wouldnt make such effort to make their own for this important requirement. The effective one is do a video call or request for their appearance. They are showing themselve through the public right? Why not show also on private, if they refuse theres a chance that these guys arent the one they are displaying.

If you want further investigations regarding to those team members it's best to do this, if they are for real and not just a dummy or only using false identities it gives weight to your investigations.
Scammers though really understand the flow very well so make sure that the efforts that you've take will be back up bu more investigations to
sort things out and to lessen the chance of being scammed.

thisnewcoin

full member

Activity: 406

Merit: 104

Convert Crypto at BestChange

Quote from: LbtalkL on April 13, 2020, 12:08:24 PM

My advice is not to jump on these new projects without further verification Unless it is going to have an IEO on Binance, Maybe I will try my luck to get a ticket on their lottery-style IEO. Yeah, I have encountered so many well-crafted scam projects before it was in the year 2017 but now I guess ICO does not work anymore. The majority is aware of these scam activities so we are very careful now.

I agree with you! Investing in new IEO projects that come through an average exchange is not a good idea because I see some so-called good project came through Probit IEO Launchpad, and now 90% of their volume is fake, no proper developments, not active discussion in telegram! Investing in Binance IEO or Binance's newly listed coins like SOL will be the best decision so far!

You see, Everyone talked about Cartesi, and now Cartesi is going to conduct their IEO on Binance Launchpad! This is the project that should be a measurement to all others! Came, won people's hearts and now going to list in word's best exchange! I will try my luck on Cartesi too!

Leonardo7

member

Activity: 686

Merit: 15

Well organized projects do have some red flags. Sometimes there can be desperation in the part of the team to impress the community and thereafter start dishing out frivolous promises, may even talk of listing on Binance (this is rare), when they give listing price or give price prediction growth with all certainty, it's an open wound. I equally follow some reviews by a group of friends and check out ANN discussions. Also, I stay clear from project that emanates from certain geographical regions.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

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 are really a lot of projects that are too good to be true that even you check it's website, whitepaper and team members, it is hard to say if a project is a scam or not. I think it all begun in the year of 2018 that most projects in ICO are scams, and a lot of investors and bounty hunters have wasted a lot of their energy, money and time for those kind of projects.

LbtalkL

full member

Activity: 1176

Merit: 162

My advice is not to jump on these new projects without further verification Unless it is going to have an IEO on Binance, Maybe I will try my luck to get a ticket on their lottery-style IEO. Yeah, I have encountered so many well-crafted scam projects before it was in year 2017 but now I guess ICO does not work anymore. The majority is aware of these scam activities so we are very careful now.

minairia3

sr. member

Activity: 1470

Merit: 326

Vave.com - Crypto Casino

A well organized project seems to have a flaw if you look closer and deeper with their act and stance. Yeah of course they will act normally and without much nerve to have suspicion of them as scammer. Well there are plenty of ways on how to deal with them.

Always dig up their whitepaper find something that they just copied from other sources. A scammer wouldnt make such effort to make their own for this important requirement. The effective one is do a video call or request for their appearance. They are showing themselve through the public right? Why not show also on private, if they refuse theres a chance that these guys arent the one they are displaying.

Bonwin

member

Activity: 798

Merit: 38

A scam free project sometimes still turn out to bring huge loss if care is not taken and most especially if you invest all your life-savings on it, you might have yourself to blame.
Those who also put the team into consideration more and use that as their major criterion might get disappointed.
Some people who were part of one or two successful projects in the past might come up with another and scam people. This is because they are using their past glory and they believe people will trust them again, not knowing that they have come to siphon more money.
I would have mentioned names, but I won't do that because I have not yet come into conclusion whether they have truly scammed people or not.

BlacksmithCorporation

full member

Activity: 438

Merit: 100

arcs-chain.com

That is the risk when you enter this market. No matter how careful you are, you may still encounter risks, but if you research carefully each project, you will face less risk than those. others.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

There is only one way out and that is to be super choosy, i mean after all your due diligence and satisfaction, you should also go with your gut feeling and skip the project if you do not get good vibes. Also you need to invest in fewerprojects the only ones that are solid, legit and real from all aspects and online community also thinks so. Ecen then you still have the chance to fall for a scam but one thing a human can do is only be careful and watchful to reduce risks.

FireBallex

member

Activity: 462

Merit: 19

Doing research will surely get your eye more opened so it's a good way to start, as time goes on you will get advanced in detecting bad projects but there is no way to escape scam projects 100%

Topic: Well Organized Scam Projects - page 7. (Read 974 times)