Well Organized Scam Projects - page 9.

YOSHIE

legendary

Activity: 2128

Merit: 1775

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,

Good project or not that's all your luck, in this forum, if you get paid after you work at a certain bounty and get a token.

There is nothing you can do when you find a scam project at the end of the story.
Many cases happened to members here, after working 6 months to one year, finally they were told by KYC, even though from the beginning they were not KYC, like this: https://bitcointalksearch.org/topic/m.52624092
That's all you can do, nothing more, the project still does the deception.

Reid

hero member

Activity: 3094

Merit: 654

You go way deep.
Try questioning their authority of the project thru telegram.
See to it that they are widely knowledgeable with what they are doing.

Do video calls with their team. Specially when you are one to invest with them.

I remembered one here who perfected their scam project.
At the end they got the money and that is just the time when people knew they are scam.
Their team is composed of their teachers names in their school.
Damn scammers are just students.

slackovic

legendary

Activity: 2688

Merit: 1248

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.

JeffBrad12

hero member

Activity: 3010

Merit: 538

Leading Crypto Sports Betting & Casino Platform

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

Just try to make sure if such a project is already popular among the community and as far as i know you can try to see the track record of the team too. MVP will play as a very important thing to determine whether such a project is very well organized or not caused by a serious project will always create a good MVP as a representation of product to the investors.

Mighty_crypt

member

Activity: 784

Merit: 21

One way to detect redflags in new project is through their github channel, most times they use other old projects idea, data, etc , a very good project will build their github from scratch

Stanlo

full member

Activity: 952

Merit: 110

Even with deep research it still won't safe you from well organized scam projects, it's better to rely on Investing what you can afford to lose, some projects will deliver what investors expect just to make them invest more..

julerz12

legendary

Activity: 2576

Merit: 1183

Telegram: @julerz12

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.

Bitbtc8

full member

Activity: 1148

Merit: 116

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

Topic: Well Organized Scam Projects - page 9. (Read 1057 times)