Topic: Well Organized Scam Projects - page 8. (Read 974 times)
This is the major problem, it's really confusing to find a genuine project these days and yes deep research is not enough scammers have lot of strategies to do scam unfortunately we don't have effective options to understand their strategies but there are many experienced people who are doing great work to spread awareness about scam projects so it may helpful for new and confused investors to take advice from experienced people before investing in any project.
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
Even if you do your extensive research on a certain project, you still won't be certain that they will or not scam others. In my opinion, the best way to avoid scam is to invest in a project that has a long-term planned working product. I've seen a lot of projects that is basing on community popularity, gaining thousands of followers and getting into an exchange but doesn't have any proper product, they end up scamming anyway.
Whatever you do, research, questioning the team or whatsoever you can only determine if that is a scam once it is done, I think it says everything. However, my question to you is, how do you think it is a well-organized scam? What factors? or indicators? Of course, there are a lot but again, you will only know once the project ended their sale or once it hits the exchange.
That is why we say that in the end luck matters the most, sometimes we skip a good looking project even after thorough analysis and due diligence about it and later we get to know that the project has exit scammed so in this case you were just lucky. In short any project can end up as a failure, each project and each investment is highly risky.
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 you miss the important point here, personal research is helping a lot to identify and expose some of the fraudulent projects out there. because most of the shady projects are using fake information such us fake names, profiles, etc those scam bugs are so clever and they are afraid to get caught thats why they don't use their personal information. aside from making researched and checking all the information about the project your instinct can also help. 
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
To be honest, either a project exits scam or is a scam project from the start.
As long as you don't invest with emotions, you will always be in profit.
Why do i say that ? well organized projects that scams or exit scams always do that after several series of pumping that token, so if you invest to pick your profits, you are save.
If you are sentimental and emotional as an investor, it is what it is.
But always do your own research always.
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
To be honest, either a project exits scam or is a scam project from the start.
As long as you don't invest with emotions, you will always be in profit.
Why do i say that ? well organized projects that scams or exit scams always do that after several series of pumping that token, so if you invest to pick your profits, you are save.
If you are sentimental and emotional as an investor, it is what it is.
But always do your own research always.
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's why I'm scared of new projects, they can become scams at any time. The best way to keep us safe is to never invest in new projects, too risky for us to do so. I have invested in OATH before, they have a lot of big partners and big investors. Even though they had a product, but the ended up they exiting the scam
Yeah you are right that it's very hard to understand uf a project is legit or scam by looking everything like I always say, "altcoin market is complex, sometimes you will never even realize that you have been scammed." You have go deeper analysis to understand that. Even everything is okay it's unlikely that the project will be scam one but take closer look again, may be something odd will come because scammer always keep a footprint or wrongdoing of their scam.
It didn't really help even after the tokens were already listed in the exchange the team can still become a scam in the end and the project can still do the exit scam. None are even going to try to sue the team because it already became normal in crypto that even the exchanges are doing it, we still could just go on.
Yes, you're right. Some projects are already listed but it's end up with nothing and turned into another scam. They should come up with different ideas to overcome events like Btc suddenly drop and other situation that will critically affect their projects. Nowadays, some scam projects are most likely to rely on copying successful projects then editing the context of the platform. One thing for sure this scam projects are without a strong team and sometimes there no project team at all.
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.
agree, it is better to do extensive research in the beginning of the project, and then do bounty for projects that you trust, it is still not certain that you will end up with the reward received
but if you do not do extensive research at the start, then you will invest your time many times in following days/months, without even knowing if the project is realistic
every project has the potential to scam, even if it is a large project so we must be selective in managing our money so that it can be developed properly.
for investment do not use personal money, but use free money if something happens that is not desired, do not regret it too much
for investment do not use personal money, but use free money if something happens that is not desired, do not regret it too much
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 it has to do with the technology they are bringing to the community, people should check what they are bringing in the table, if this is the kind of project that is just a duplicate of past failed and existing project, better move on to the next one, new projects that are considered weak in the eyes of the community and will just become a pump and dump when it entered the market should be ignored.
It didn't really help even after the tokens were already listed in the exchange the team can still become a scam in the end and the project can still do the exit scam. None are even going to try to sue the team because it already became normal in crypto that even the exchanges are doing it, we still could just go on.
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 only thing that will work is do not invest in any new project created today, its better to support old project that we have in the market such as popular crypto currency.
The reason people invest in new ideas is simply because of income/ profit. Everyone wants to earn by supporting a new project and hoping that they can mutiply the invested money,all do we know that is not really secure to invest in any new project.
That is my opinion as well. If you don't want to be burned by new projects because some scammers can make a fancy whitepaper and even disclosing their "expert" team members is don't invest at all. Maybe, just do the trading once they are listed. But investing during their pre-ICO or ICO is really not a good idea for me. Most of the time, almost 100% of them, their price goes down so fast once listed, as low as 2-10% of their ICO price even after 2 weeks of trading. So are you going to risk your hard-earned money especially we are still in this crisis? You choice.
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 only thing that will work is do not invest in any new project created today, its better to support old project that we have in the market such as popular crypto currency.
The reason people invest in new ideas is simply because of income/ profit. Everyone wants to earn by supporting a new project and hoping that they can mutiply the invested money,all do we know that is not really secure to invest in any new project.
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 no way you can understand whether the project is legit or not, the only solution is to support only projects that have experienced developers who has a track record to produce results in the past not especially in the crypto market but in developing software generally, scammers will adapt to the situation and they will come up with legit looking white paper and use case and even might hire models to be the poster for the projects. 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
It would be too hard to figure out those well-organized scam projects. Scammers are also gaining knowledge with their every attempts and when they are coming across various scam accusation and related things. These simply help them to come out legit-like projects and most probably we do not have anything other than getting scammed at the end.I am extremely sorry if I sound like I am talking in favor of scammers. But what I am trying to emphasize here is, we should not risk big money with every new projects but only what we can afford to lose on the occasions of scam. This is the only practical way, we can do right now against those scam projects.
Research does help.
But you have to apply certain researches if you're going to avoid scam projects. As you have described them being an organized will find it hard for you to determine them but as long as you are aware of some precautions, don't say that it doesn't help.
But you have to apply certain researches if you're going to avoid scam projects. As you have described them being an organized will find it hard for you to determine them but as long as you are aware of some precautions, don't say that it doesn't help.
Very difficult to determine maybe by looking at the product, the project objectives that make sense, because I see there are many projects that want to create something impossible
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