To protect against this risk is quite difficult: many, at first glance, reliable projects in the end were "dummy." But approximately to assess whether the development is fraudulent or not, you can still:
- Study the "road map" - if it does not detail the stages of product development after the ICO, and many "common" words, it is likely that the project is fraudulent;
- Pay attention to the goals of ICO - reliable projects have clear deadlines, SoftCap and HardCap, scammers want to collect as much as possible and do not put specific tasks.
The risk of investing in a fraudulent project is the most dangerous. If you have even the slightest suspicion that the deception is behind the development, choose another product for the investments.
Topic: What is the risk of investing in cryptocurrency? (Read 110 times)
You will be more at risk and the trend will increase with many times if you do not have much knowledge about it. That also happens in the cryptographic market. People have given up the advice of experts and plunged into the market, leaving them at risk and losing money. You should learn more to reduce your risk. This gives you more peace of mind when investing
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