Why the increase of fake crypto project?

[gunhell16]

What can we say is the main reason behind the sudden increase in fake and scam cryptocurrency project I don't know you have been encountered so many airdrop channels were alot of crypto airdrop are been listed and they are succeeding on daily basis and nothing has been done about it, the more the crypto market is growing the more fake and scam coins are growing,is it that nothing can be done to stop scam coins?

The increase of fake crypto projects will only continue if most of the community will never learn from their mistakes and greedy won't stop doing it just simple as that. This is the reason why fake projects continue to rise dude to some of the community are truly lack of knowledge in terms of crypto trading.

[Review]

Don't you think this is normal to grow scam project on crypto market? Because  every one want to earn money free and scam project based team want to do the same. This is why they just do little bit marketing about their project and hire some famous investor to attract other little investor. Once they collect enough funds from the investor or their project start to be good, they unlock their all token and let the market down super low. Thus they earn money and this is why the scam project keep increasing on market.

[Doctor]

What can we say is the main reason behind the sudden increase in fake and scam cryptocurrency project I don't know you have been encountered so many airdrop channels were alot of crypto airdrop are been listed and they are succeeding on daily basis and nothing has been done about it, the more the crypto market is growing the more fake and scam coins are growing,is it that nothing can be done to stop scam coins?

Why increase of fake crypto project ? because many scammers want to get money quickly, by create scam projects.
We must to invest in new project.

[Freemind]

I think It's not big problem ,if we saw there are many scam projects.
I think we always see there are many scams projects at crypto currency. Be careful.

I don't quite understand what you have said, you say that scams are not a big problem and then you say we should be careful. Scams are one of the biggest problems in the crypto industry, even more so than the market crash or problems we may have with any government. Scams discredit the entire ecosystem, causing it to lose credibility and increase criticism. No one is safe from scams, not even the most experienced users or companies.

[dolcefarniente]

The more interest in crypto grows and the more opportunities arise to make money on it, the more scammers will use these reasons to take advantage of human passions and greed.

[IvugeoEvolutionCoin]

I think there are a lot of fake and scam projects because they really see an opportunity to commit fraud in cryptocurrency by making projects that look good but they will disappear in the middle of the road when they get a lot of profit, it's just that maybe those who dare to do that are people who don't fear in prison and of course the identity of the developer who is very secret and not known to many people.

[dekafee79]

What can we say is the main reason behind the sudden increase in fake and scam cryptocurrency project I don't know you have been encountered so many airdrop channels were alot of crypto airdrop are been listed and they are succeeding on daily basis and nothing has been done about it, the more the crypto market is growing the more fake and scam coins are growing,is it that nothing can be done to stop scam coins?

That's true, there are many fake projects
The reason why the increase of fake crypto project because to easy to create coin and make fake project.
Be careful mate,
I have several time invested in fake project, shitcoin and Rug
It's annoying, I will never invest in it again.
Better do research detaily before invest.

[Animashaun Odunayo]

Honestly since there is no regulation in crypto space. There will always be a fake project at any point in time. It is good to do adequate research before investing in any project. Check the team background, the whitepaper and problem the token wanted to solve.  On the other hand there are still many good projects to invest such as paragen that have over 160k active members on telegram, all rounds of IDO sold, listed on pancakeswap less than 2 days and activated staking program as promised

[therozaq]

Honestly since there is no regulation in crypto space. There will always be a fake project at any point in time. It is good to do adequate research before investing in any project. Check the team background, the whitepaper and problem the token wanted to solve.  On the other hand there are still many good projects to invest such as paragen that have over 160k active members on telegram, all rounds of IDO sold, listed on pancakeswap less than 2 days and activated staking program as promised

What regulation did you mean, we all know create new coins at crypto is too easy.
I agree with opinions, I think It make scammers always have idea to create scam projects.
I have seen many scam project on BSC, So be careful and always do research the man behind the team.

[doc]

Crypto is a big platform so scamer really true to scam you. We have seen lots of scam project but the reason of become scammed we actually Don't research before investing any project.They have given us a greedy offer and we fall into the trap. We need more careful before invest on any project. Its a easy thing scammer always try to scam you and its a easy work for him so that we are notifying that a lots of scam project here and there.

Agreed, We must be careful before invest in any projects, That's true.
I see there are many scam projects.
As you said crypto is big platform and too easy to create tokens.
I think  we must learn whitepaper, roadmap, team etc.
If we are confident, we can invest on their project

[royalfestus]

Honestly since there is no regulation in crypto space. There will always be a fake project at any point in time. It is good to do adequate research before investing in any project. Check the team background, the whitepaper and problem the token wanted to solve.  On the other hand there are still many good projects to invest such as paragen that have over 160k active members on telegram, all rounds of IDO sold, listed on pancakeswap less than 2 days and activated staking program as promised

Regulation in crypto space is very difficult because it is global. At the moment, the world financial system does not accept it although some countries do. I feel we had lesser fake projects than in previous cycle because of the involvement of many VCs. They do the research and the team close for proper investigation.

[IyemRoker]

It is very reasonable and very valid if there are so many altcoins that are pressured to go up but all of them are forced because I believe that at this time it is a Bearish phase, it's just that the current Bearish phase is different from the Bearish in 2018-1029.
Maybe now there are many altcoins that still survive and are able to continue to be in the cryptocurrency space but can't afford to be able to increase their prices as quickly as during the Bullish period.

[trauchot]

The cryptocurrency sphere is becoming more and more popular and thus profitable and more and more scammers want to make money in this area, that is why there are so many cryptocurrency projects that turn out to be scams and therefore you should always carefully study each cryptocurrency project in which you want to invest.

[DAMKAR]

The cryptocurrency sphere is becoming more and more popular and thus profitable and more and more scammers want to make money in this area, that is why there are so many cryptocurrency projects that turn out to be scams and therefore you should always carefully study each cryptocurrency project in which you want to invest.

That's true, crypto is gaining popularity day by day and more popular now..
Many scam or fake projects are increasing.
I think It's easy to create coins.
As investors  we should be careful join IDO and ICO.
It's really early, more risky.
I think better to invest in old coins, especially top 10 coins.

[Freemind]

That's true, crypto is gaining popularity day by day and more popular now..
Many scam or fake projects are increasing.
I think It's easy to create coins.
As investors  we should be careful join IDO and ICO.
It's really early, more risky.
I think better to invest in old coins, especially top 10 coins.

Investing in the top 10 might be a good idea, but I'm not 100% convinced. If we did that now, we would need a lot of money to invest, since investing a little would not bring us much. On the other hand, if we look for new projects that really have potential, the benefit can be much greater since we are early adopters, which is always an advantage. As we know, investing always carries risks, but if we know how to search well and find cutting-edge projects with new use cases, that risk is minimized.