Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Afony on September 20, 2018, 08:42:55 PM
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People we are all arguing that 80-90% of projects are scam startups. But in order to avoid it, we just need to invest only in ICOs, which use Escrow. That's it.
No product progress = no money.
In addition to the Escrow usage there are some other signs of a good project:
- Working product (or a highly developed prototype) availability
It proves that the team already invested its own time and resources in their idea.
- Reputable member in the team or advisors section.
It must be a person whose previous projects were successful.
- Add other parameters what do you think guaranty the success of ICO project.
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At this time it has become very difficult to find a good ICO project.
scammers disguise their projects very well and over time they improve their skills
This can lead people to stop investing their money.
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This is very nice advice, thanks for sharing. I moved it over to beginners section for the benefit of newbies here, though other members should also follow this advise ;)
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Be alert and protect yourself from being scammed and this is a nice advice. It can help all the jr.member for a avoiding scam. I hope you post this legit advice on the PH forum . And i keep reading this because i always forget it hhaahahaha .thank .
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It would be better if you remove the "100%" We all know the only way to completely avoid scam ICOs is to never invest in ICOs.
That escrow method has already been tried before, it was even termed as ICO 2.0, but it did not really gain momentum.
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Yeah there's many scam on ico but if you analyze and extract the infomation on your head. You wont be scam anymore ..the scammer they might scam as. But if we open our mind and get information we can avoid scam
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Exactly, there are many scam Nevertheless we consider invest for or join bounty for crypt project.
When i join in bounty via btc talk, i refer bounty manager trasted recently. of course i check WP,SNS,partner.
to be honest, im not convicted perfectly this criteria with bounty manager trasted, but i think that this have a certain tendency.
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Maybe investing a bit and then see how it goes...
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The only way to avoid 100% Scam ICOs - not invest at all, nothing can save you on 100% from losing money. Some projects have working platform and good marketing, but after ICO end team just disappearing.
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I usually focus on the team information firstly before taking a look at the project identity. I think it is the key whether it is a scam or a real project.
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The only way to avoid 100% Scam ICOs - not invest at all, nothing can save you on 100% from losing money. Some projects have working platform and good marketing, but after ICO end team just disappearing.
Agree but nothing ventured, nothing gained
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The only way to avoid 100% Scam ICOs - not invest at all, nothing can save you on 100% from losing money. Some projects have working platform and good marketing, but after ICO end team just disappearing.
Agree but nothing ventured, nothing gained
I agree that we cannot have one hundred percent guarantee that the ICO project we have chosen will not be fraudulent. The risk is always there and you need to risk in order to earn in cryptocurrency. Of course, it is one thing to risk investors - they lose their money from the co-projects of ICO, and another thing is to risk the participants of the ICO bounty campaigns, who risk mostly with their time and time spent. I place great hope in this regard on the upcoming regulation of the activities of ICO by states. Then the amount. ICO fraudulent projects should fall sharply.
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I think that traders should be cautious with ICO. If you have enough confidence in one coin then try to invest some of your funds, not too much. Not all ICOs are scam. I find also that sometimes there is just bad script in question and other technical problems that eventually lead to project failure
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How to avoid scam ...is to analyze and check if the forum is checkkkkk and secured..but nice post all of you it really help me on the job to wvoid large scam on ico ...but now i can avoid scam 100 ..thanks for you tipp and all of your tips
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No one will ever be able to completely avoid participating in the fraudulent ICO project. The risk will be vseravno and we should only choose - to risk, or not worth it. Bounty hunters tend to take risks because they don’t invest their money in ICO projects. They risk losing their time and effort.
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It isn't actually possible to be 100% with anything. I mean anything. We cannot even be 100% sure we will wake up tomorrow. Everything I based on odds. It is like an odds game. Much like the way the system for the game dungeons and dragons works. If we arm ourselves with knowledge we can reduce the risk and increase our odds of success and decrease the odds of failure. It is not too difficult to spot a scam or potential scam. You need to instead think of finding out if the project is worth it instead of trying to figure out if it is a scam. If the project makes sense and there is an activity that is a good thing. If the project has little to no activity then that is bad, the project doesn't need to be a scam in order for you to lose your money so try not thinking that way.
The best advice possible is to do what I just said about checking out the project. Then using your own common sense and asking yourself if it was your project how would you feel about it. Is it too good to be true? Does it make sense? I think that most times people fool themselves into believing in a project. Honestly, people are very stupid with their money and deserve to lose it. I know it sounds harsh but really sometimes you see a project and ask yourself what sort of person falls for it. Yet people still fall for nigerian price scams. -_-
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we agree that the crypto market has the ability to give fantastic returns but finally, all businesses are subject to the same market forces. If an ICO promises unrealistic returns on investments, like Our coin gives you 500% return in x months!” you had better watch out.
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There is no way to avoid 100% scam ICOs, no way but not to invest on any ICOs :) Reputable persons are behind the biggest scams, states do even bigger scams, they scam whole population daily, so if there is nice MVP - dont trust on it, it may be bought with a few hundred dollars from freelancers, if there is well known advisor... maybe hes not even aware of the whole project or aome pr agency sold just name with their marketing agreement... list goes on!
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At this time it has become very difficult to find a good ICO project.
scammers disguise their projects very well and over time they improve their skills
This can lead people to stop investing their money.
Yeah, we must be careful to detect scam ICO.
It's not easy. Learning white paper, roadmap and always follow their account team in social media.
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Yeah, we must be careful to detect scam ICO.
It's not easy. Learning white paper, roadmap and always follow their account team in social media.
looks like what you said would be the basis for us to be able to know something that is a scam or not, but now they are smarter and know the weakness and fix it in such a way that it can't be recognized. every time there will always be changes to cheat, and these changes are always updated and sometimes many can't tell the difference anymore.
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yes scamming is a big problem and its very hard to guard against it
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To entice attention, crypto scammers regularly use the “secret bugs” trick. On social networks, scammers regularly “share information” about an allegedly inaccurate exchange rate or, vice versa, something a success and unique. Both are losses of money. Don’t get fooled with the aid of using such hints and crypto scams. In addition, guarantees of inflated profitability also are amongst the harmful elements that indicate a possible crypto scam.
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it's help so much in this forum im hero member but im still new and gaining knowledge from experts who give who give 10 to 15 Year's time in cryptocurrency and seeking to observe them thank you for info