Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Istiak on December 13, 2019, 11:28:45 AM
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It's very hard to identify scam projects. Everywhere in bitcointalk and Altcoinstalks forum scam bounty campaign project. But market situations are responsible for making projects scam.
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There are many risk in the cryptocurrency platform, it is a common sense to avoid scam projects but it's very difficult to know which project that is actually a scam projects.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
For the sake argument I think in crypto scam is the part of the game, and its everyone's job as an investors to act accordingly with due diligence you know why its because cryptocurrency is promoting to be a private, anonymous etc. and most of scammers are using this alibis to hide its identity, that's why if you found out that the project is shady in nature just keep away. i think that's the best thing to do.
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When there was a Cryptocurrency project in the first place, many investors benefited from their participation in the Cryptocurrency project. But after so many SCAM Cryptocurrency projects that currently make them traumatized. Even many who did not do the research test thoroughly then said that currently the Crypto project was all SCAM. Although actually not all. But the reality now is that we have difficulty finding potential projects, if not SCAM then later if the token enters the market the price will be destroyed.
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It is very difficult to avoid scam projects. They are all professional and the projects seem to be legit also. In this case, try to analyze deeper into the team, projects, community, and also the reality of the projects. But, many people want to help others by giving a warning when they know scams.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It's very hard to identify scam projects. Everywhere in bitcointalk and Altcoinstalks forum scam bounty campaign project. But market situations are responsible for making projects scam.
identify the project that is needed in this case and accuracy so as not to be carried over by the scam-indicated project.
for me the market situation affects the price.
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Doing research for each new project is needed, a road map and whitepaper of a new project are needed, if you see almost the same ideas from the previous project then you can ask why this project has almost the same ideas and future or long-term goals of new project they are build
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Not really and at the same time somewhat. Most highly clever projects know how to cover their trails. There's only so much information or conclusions one can draw from "scam project's or Ponzi schemes." Bitconnect was one perfect example, but even then there were a lot of skeptical community members.
The best thing to do is follow a project closely and monitor feedback and how the team responds; and their presented information.
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Most scam cries are not true. Often people themselves are to blame, for example, they were hacked, and then they blame everyone, but not themselves.
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Cryptocurrency is anonymity and financial risk. Moreover, not only because of the high level of fraud in it, but also because of its high price volatility. In this situation, you must either take the possible risks, or leave the world of cryptocurrency.
At the same time, cryptocurrency continues to develop rapidly. The market and states will find ways to deal with fraudsters, but the volatility of the cryptocurrency seems to remain.
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It is really difficult to know if that project is a scam, because you know some of them looks legit, but a scam to the end.. It is really risky to invest in ICOs or a newly coin.
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If you want to invest in some kind of cryptocurrency project, then you need to study it completely for some time, because scammers can very well cover their tracks and you will won’t find anything until the company’s team will disappear with money.
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Easier said than done. Some projects come out as cute and loveable and then they suddenly show their color.I have fallen victim severally
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Investing in cryptocurrencies or anything else requires analytical skills, perseverance and time to get rich fast. And the most important factor is that you choose a reputable place to deposit your money and feel secure to invest.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It is really hard to say which project is going to be scammed or not!! ! Like onecoin. the biggest cryptocurrency international fraud.
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Scammers knew what hunters thinking. So, they are also upgrading the way they pretend to be true. Hunters and investors who did not determined the project is scam are the victim. We need common sense but we also need to clarify our thoughts about the truthfulness of the team towards the project. Reading and comprehension is necessary to lessen scam experience.
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Right. Common sense fails sometimes. In cryptocurrency understanding the risk will set you free from living in great loses and disappointment.
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At present, the market has many scam projects prepared very carefully: IEO, listing on some exchanges, fake trading volume, fake token-sale status, fake team members, fake website traffic... Investing is a serious business, especially when the whole market is complicated by DeFi as it is now, I think we should consult about the opinion of crypto experts before participating in any project.
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I think we should consult about the opinion of crypto experts before participating in any project.
If the project is highly suspicious. But with a good due diligence I think we can decipher if the project is playing around the bushes and luring these beginners to invest. Not all are probably doing the same and we can see that there are some who actually serious on launching their project. IEO now becoming a less ground due to defi presale uniswap hunt which has more in demand right now.
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It is indeed very difficult to find out about new projects that have a scam purpose, because they can convince bounty hunters and investors. As recently happened with the ORC coin (Originate Coin) which did IEO on the Vindax exchange, but until now there has been no continuation of the project. Sometimes I wonder, does the exchange not have an analysis team for a new project that will hold an IEO.
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I agree. Common sense is helpful to define scam project but it could not be always. Scam is not the only one we should anticipate for, also the possibility of the project to fail. Sometimes this is the blind spot we did not noticed.
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Most scam shouts are not true. Most people blame themselves, for example, What happened to these people, and then they are all accused, but not themselves.
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There are many risk in the cryptocurrency platform, it is a common sense to avoid scam projects but it's very difficult to know which project that is actually a scam projects.
this is the mega problem that many project look like good but at the end of the day they doing scammed. so i agree with you, very difficult to avoid this kind problem but if we alert then we can given best effort to protect scammed.
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Most scam shouts are not true. Most people blame themselves, for example, What happened to these people, and then they are all accused, but not themselves.
Maybe what you mean is the managers who manage the campaign of any particular project. There is still a responsibility for manager to avoid scam campaign if possible because their reputation will decrease or damage by one scam project that promoted. Anyway, manager and hunters both have a responsibility.
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This is really look difficult for me to detect project is scam
Let's see examples of originate , that's coin is list on 2 exchages as well as on coinmarketcap also .
We must analysis properly before we are going to join any project . A project who are under development are good as well having a great future .
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Yes in most cases we can easily judge a fake project but sometimes these scammers project them so well that everyone thinks that it is real and legit and in the end everyone has to face the loss.
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Actually a real project and scam projects cannot be identified easily. A scam project arrange it roadamp and team management with fake information and personal information. A scam project have no definite whitepaper, roadmap and team management.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It is really hard to say which project is going to be scammed or not!! ! Like onecoin. the biggest cryptocurrency international fraud.
It is very difficult to identify a fraudulent project or not.Scammers are very well disguised, because their task is to attract as much money as possible.
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Many projects are scandalous. There are many ways to make a scandal. There are various ways to constantly scandalize. When they get a certain amount of money from the market, they go away with a scam. The present people are calling for those projects. However, some users are very aware. But some bounty managers help the project become a scam.
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While it may be sometimes difficult to identify outright scam projects, there are some potential scams that are quick to know. For example, a project using a Twitter account which is very new and announcing pre-sales same day it was created or one which cleaned its tweet history because it was used as a personal account will most likely end up as scam.
Another is the anonymity of the team.
In all, investors should carry out due diligence before committing their funds into an unknown project.
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Basically, before mentioning that the project is a scam or not, this could be put in a scam accusition. And from this we learn that this is why before following a project, we must first research the project. The existence of doubts and also the wrong things with the whitepaper, the team, the community, and the allocation token and the metrics could prove that the project is a scam. And if so, it would be better if we stay away from that.
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Let's take bounty campaign for instance last year 2019 many of us participated in some crypto bounty which the team made a lot of promise to its community but end of it all they disappeared with our bounty reward and we are seen many of them today conducting round 1 to 4 session of bounty which at times end without payment. I think this system really tells what a scam projects is.
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There are many people who are helping to make the projects scandalous. In other words, many supporters and bounty managers help to get rid of the scandal. In return the bounty manager gets a lot of money. So they help with fraud. This ruined their reputation a lot. But they do this only for money.
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Scam projects are very difficult to identify. But some scams accomplish project objectives, deceiving investors. Some people help them. Scam projects are difficult to identify. Because scandals are forced only when the situation is bad. So we have to be careful.
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How to identify scam? In some cases it is difficult, in some it is even impossible so they become smarter and smarter.Personally, I try to identify projects by their website - how it is made, how much information is there, what kind of information, how well and how long the team worked on it, in how many social networks they are represented, if everyone works. I look with particular caution at projects "based on DeFi" or "yearn", which in fact describe the general provisions and principles of work of my project. I also immediately discard such projects where in telegram groups they obsessively throw info a hundred times a day buy tokens buy, immediately it is clear that no one needs such tokens. And about airdrops, there are generally a lot of scams, just send 0.03 eth to get an airdrop worth something)))
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Scam projects are very difficult to identify. Because those who do scams arrange the projects very carefully. So many investors are attracted. As a result, the level of investment continues to increase. So we have to be aware. We should not fall into the trap of any project. We need to be aware of and identify the managers who will come to run campaigns on our forums, or the projects that will come.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
As you mentioned in your statement, it is indeed hard to notice of the project is a scam or not.
And as I noticed too that the majority of the community is not sensitive instead they are too careless
in choosing projects here in the crypto space. That's why as investors or bounty hunters we really need to be wiser than
the scammers or opportunist owners of the new projects that will arise here in this business industry.
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We actually hope for the best from the many Crypto projects right now, but the truth is that many Crypto projects have failed and we are just wasted on them. If we do come across a fraudulent project, it makes perfect sense for us to abandon it. But it is very difficult to know in advance whether the project is a scam or not, unless the project has ended.
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It makes sense to avoid the fraudulent project and it certainly is to protect ourselves from losing our possessions.
Unfortunately, avoiding this is very difficult to do considering that fraud in cryptocurrency is very neat and meticulous.
Maybe we should be careful in every cryptocurrency project because it could be a trap for us.
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There were a lot of crypto projects running ICO in 2016 to 2018, some scammers tried to raise a lot of money and they just ran away, that situation is still happening now that's why we have seen several projects running IEOs and they provide some direct benefits to crypto users. to be trusted by crypto users.
Support from the community to the developers is necessary, but still be careful with new projects, because they do not guarantee the project will go according to plan due to funding issues and other reasons if they want to deceive us all.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
Yes, it's hard to distinguished weres the real and fraud that's why many crypto users and investors are still victimized by those scam actors.
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Well as you can see there some benefits of centralisation contrary to anonymity of Internet and all sort of firewalls and Tor , VPN applications , making it easier to commit fraud and trick naive people to believe in xxx returns so as much common sense you put in to it you are still making a gamble ... if it is to good to be true it probably isn't.
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FUD (Fear, Uncertainty and Doubt) is common without sense to strengthen your investment rather to weaken it. Scam is a crime but no perfect place in decentralized forum even centralized is vulnerable to scam in a decent way. Me,You, Us; our own responsibility is be cautious all the time as much as possible.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It's very hard to identify scam projects. Everywhere in bitcointalk and Altcoinstalks forum scam bounty campaign project. But market situations are responsible for making projects scam.
How does market situations contribute to the rise or escalation of scammy projects? Its just plain greed! People just want to cash out on the sweat of others, which is criminal. Sometimes it would be nice to have government control over Cryptocurrency but that would be counterproductive to what crypto is all about
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The only thing to avoid joining the scam bounty is about not joining the projects that will not make us so threatening. In this case, we must be diligent to analyze the bounty projects. Moreover, we also need to know the characteristics of the Bounty manager itself. It is needed to join the bounty in which the project has listed their token in at least an exchange.
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I agree with your opinion. Only a few people might do more analysis when looking at a new project. Only people with experience can avoid unqualified projects or scam projects. I learned to try to analyze but until now it hasn't been successful because it will take a long time
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Yessss. In fact exceptionally worst to discover out almost unused ico that have a trick reason, since they can persuade bounty participants as well. But it's for sure need to avoid.
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What do you mean? To avoid scam projects are a must!! We shouldn't debate about to avoid it or not, scam projects must be removed and not to support. They just take advantage and stole people's money. We must fight to avoid the scam projects whatever the reasons because they are dangerous.
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There are many risk in the cryptocurrency platform, it is a common sense to avoid scam projects but it's very difficult to know which project that is actually a scam projects.
Scams projects can't identify easily because a scam project team arrange ieo at ico as a systematic way that people by force or automatically believe that projects.
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It's unlikely truth that any project can scam and if it is happened we can not anything to the scammer . Eventually I will say most of the traders where to believe I have to believe that there .
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It is better to stay away from scam projects. Because even after working on the scam project for a long time, it is not possible to get payment. So we need to be aware. There are many scam projects, especially in the Bounty campaign. After much research one should join the Bounty campaign. Because if you join a scam project, after working for many days, if you don't get paid, there is no speed of work. So such things will happen in cryptocurrency.
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In my opinion, we all do not want to be deceived by scammers. However, scammers very skillfully disguise themselves as respectable citizens, including when organizing a fake ICO or IEO, they often create documents for this that are very difficult to suspect of forgery. Our ability to verify the members of the announced team and their real intentions are very limited. Therefore, you have to take a certain risk. Otherwise, in many cases it would be necessary to refuse to participate in the signature companies only on the basis of minor suspicion.
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General knowledge is required to avoid scam projects. These can be avoided if there is a lot of observation and ideas about different projects. Lots of new project scams come in the market. One should be more careful to identify them.
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It is sometimes difficult to identify scam projects. Some starts very well and end badly. Projects that will succeed need to come up with strong concept and products that has longevity.
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I agree with the author, today there are projects that are difficult to regard as scam, but at the same time in these projects all social networks are not active, in the telegram group they promise a lot , but do nothing, and there are a lot of such projects. I would like such projects to either admit that they deceive people or bring them to justice.
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Scam projects are everywhere, and the doers of this evil have become so good in the act that sometimes, its very difficult to even notice any reg flag in the course of following the project, but in this whole thing, the new comers in crypto are the main target of this scammers , and also some greedy ones who are never contented with the one they already have.
this is why am urging newbies to be very careful of where they choose to put their money, they should as well get an adviser or mentor who have way more experience to help them in making investment decisions.
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Only people with experience can avoid unqualified projects or scam projects.
NO, we all can avoid the scam or bad crypto projects as long as we are not careless and try to check everything first before joining. Something that everyone must have is to be more selective to choose a crypto project. If you have this feeling and try hard to analyze it, then I am optimistic we can avoid it.
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Actually, it is very risky to join bounty or invest in certain project if we do not analyze them first. It is like offering our free wok and also funds to them. That is why we must be careful and smart toa analyze which coins are now getting. We can see their prospect, whitepaper, and also its price.
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It is sometimes difficult to identify scam projects. Some starts very well and end badly.
Yep, I have seen many cases as you stated above. Some projects started the project with a promising idea and strategy. Everything runs very smoothly and no bad signs at all. Even some of the projects can have IEO on a medium class of exchanges. They look very good and there is a good amount of transactions there. But after the IEO is over, then the team of the project dissappeared.
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Being part of a new project and supporting the project by spreading some information about the new project does have a big risk, but it's crypto, no one knows if the project is really good and moving forward or it ends up being a scam.
Team members and some official visits from new projects are a bit difficult to predict, as some projects ended in fraud, providing up-to-date information about team visits and several meetings with investors, but still the project was abandoned by the developer and there was no update of information for returns. investors' funds or roadmap changes
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The more people in the cryptocurrency market, the more new projects will be scammed. Because some dishonest people cheat on the project, take a lot of money. In the cryptocurrency market, they scam money. So I think these will continue all over the world. We have to be careful of these.
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Many bounty projects are scams. Which cannot be successful in the market. Because they cheat. Many times many advanced projects cheat with investors. There is nothing to do with them. Those who are dishonest in their intentions, they arrange the projects very neatly. So I think we need to be aware.
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Most of the projects coming are a scam, but few projects that got negative trust they also paid to bounty hunters, there is a risk to join new projects, but some project spent a lot of amount to bounty hunters.
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We must refrain from scam projects. We need to monitor the market all the time. I think it is important for every user to have knowledge about the cryptocurrency market. New projects in the market should be kept in view. Then the difference between good or bad project can be understood.
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To be able to get a project that is really right and away from the risk of a scam, "common sense" is really needed. Where when we observe a project with a clear mind, it will be easier for us to distinguish what is good and what is bad.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
in the crypto world it is well known for its high risk. if you don't want to be at risk it's better not to invest in crypto. because from the beginning the emergence of crypto there was no party that filtered out the scam project or not. So it's really hard to research which project isn't a scam
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To be able to find out whether a project is a scam or not we really have to use common sense in thinking. That way it will reduce our chances of being hit by a scam project. Because nowadays there are so many scam projects. and of course many people have also been trapped in it.
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We really have to be careful not to get into a SCAM project, therefore we need to do some research first. Currently there are many SCAM projects and we really have to leave it if we already know that the project is a SCAM. However, because currently the Scammers are also smart, it is difficult to judge whether the project is a SCAM or not.
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To be able to get a project that is really right and away from the risk of a scam, "common sense" is really needed. Where when we observe a project with a clear mind, it will be easier for us to distinguish what is good and what is bad.
Well if you are newbie it's really hard to sense scam project, but eventually you learn from experience.
It is better to look for project that has AMA and listed on top exchange.
Plagiarized white paper and fake team is really hard to look for because some of it looks legit for others.
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To be able to find out whether a project is a scam or not we really have to use common sense in thinking. That way it will reduce our chances of being hit by a scam project. Because nowadays there are so many scam projects. and of course many people have also been trapped in it.
The fact is that we are often not able to qualitatively check the project team and their intentions in relation to possible fraud, since the project can be registered in any country, and we do not have sufficient authority. At the same time, fraudsters prepare the necessary documents well and it becomes very difficult to distinguish them from normal projects. Therefore, we sometimes fall for their tricks and this cannot be avoided. No matter how we check the project and its team, sometimes we will unwittingly participate in them with our money or work.
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Many investors always fell for scam projects because of greediness, some of these projects use all sort of baits and tricks in form bonuses and high reward to attract gullible investors who wouldn't bother to do a thorough research before investing in those projects, whereas they are scams majority of them collect investors funds and went into thin air because cryptocurrencies is not regulated, we have to be extra ordinary careful in investing in cryptocurrencies.
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At first its not easy to identify a scam project. As we all know when the market is good we generally see lots of projects introduced day by day in hope of they will get be benefited from the bullish wave of the market and we should not be trapped in such projects but it's hard to identify when we came to know we already do some promotion for that project. Leave the project whenever you have a small doubt about the project rather than waiting and wasting the time. Whether you are experienced or not you still can be trapped by scam projects that is the bitter truth.
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There are tons of scam project in cryptocurrency and yet people still fall for scam, it's hard to avoid scam project this day due to they plan their scam project carefully, with details. The sad thing if the project seem legit at the beggining but it's become scam at the end.
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A feature of the cryptocurrency space is the fact that at present, it is poorly regulated by existing legislation. This is used by all kinds of scammers. The best way to protect yourself from them is to take your time deciding which project to invest in.
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Making researches might help us alot in avoiding scam projects, but most times scam projects appears so real, which makes it kind of difficult to trace them, but believe me if you spend your time in reviewing a project and checking out for it's potentials, knowing what the project is all about will help to tell if the project will turn out to be successful or be a failed project and also try as much as possible to verify every announcement the projects gives.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
Carrying a signature from the project which you do not know more precisely, or even believe that nothing will come out of it, does not testify to common sense.
"Everyone is the architect of his own fortune."
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To avoid fraudulent projects, you need to check projects to the maximum, read their developers on social networks, look for what projects they have developed yet. There is no need to rush with coin purchases.
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There are many risk in the cryptocurrency platform, it is a common sense to avoid scam projects but it's very difficult to know which project that is actually a scam projects.
You're right, It's very difficult to detect scam project.
Scammer is always have way to scam other.
Because scammers is smart people but at the wrong way.
We will always see scam project at crypto, So be careful to learn project and their team.
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it still happens. and I assume if I experience this I just assume it's not from me .. I keep trying..
because so far no one has been able to overcome the occurrence of this fraud, either in the bitcointalk or altcointalk forums :'(
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it still happens. and I assume if I experience this I just assume it's not from me .. I keep trying..
because so far no one has been able to overcome the occurrence of this fraud, either in the bitcointalk or altcointalk forums :'(
Yeah, there are many scam project, especially bounty campaign in altcoinstalks and bitcointalk.
We must join at the reputated bounty manager.
There are several reputated bounty manager here, and you can join at escrowed bounty campaign.
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You can weed out such projects if they are in the telegram channel, under the inscription SCAM. And if it's a well-designed site, then what will you do. It is not clear whether this is true or a hoax. How to get around!
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
I agree with several opinions here, not easy to detect scam project.
We must have good experience to learn white paper, roadmap and detect the team at social media.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
I agree with several opinions here, not easy to detect scam project.
We must have good experience to learn white paper, roadmap and detect the team at social media.
Yeah, there are several reputed bounty manager here, and escrowed bounty campaign.
I think It is good way to reduce scam project.
So enjoy on this forum
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Here you are absolutely right, the approximate ratio of the scam is 60% to 40%, it is very difficult to see the project when everything is really very carefully compiled and executed, for example, I try not to go into long-term projects that last more than 1 month. Recently I took part in one project, it lasted in two stages and for a very long time, as a result, the time was spent and the project scammed, during this time spent there were a bunch of projects where it was already possible to make a profit.
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It is easy to say but it is equally difficult to recognize at first even most of the experienced crypto traders or investors also become scammed because many projects devs are here to intentionally scam the investor's money and it's not easy to recognize them but when notice unusual things one must be careful and think twice before investing. We all learn from our experiences and newbies are most likely trapped by the scammers.
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If we can do that, then we should do it immediately, if there is a project that we are participating in that is indicated to be a scam, then there is no need to continue. But research is difficult according to reality, sometimes what we think is not the same as the final reality.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It is not so easy task to find which is scam project or which is legit? As of lately we see that some projects attitude are very much positive and they approximately successful but once a time they run away. As a result investors are falling in confusion.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
It is not so easy task to find which is scam project or which is legit? As of lately we see that some projects attitude are very much positive and they approximately successful but once a time they run away. As a result investors are falling in confusion.
I agree with you, not easy to detect scan project or legit project.
Maybe we should learn white paper, road mad and always follow their social media.
New project needs investors, But to make sure investors to take their fund is difficult to do.
Maybe many senior here, they can share their knowledge how to detect scam project.
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it still happens. and I assume if I experience this I just assume it's not from me .. I keep trying..
because so far no one has been able to overcome the occurrence of this fraud, either in the bitcointalk or altcointalk forums :'(
Yeah, there are many scam project, especially bounty campaign in altcoinstalks and bitcointalk.
We must join at the reputated bounty manager.
There are several reputated bounty manager here, and you can join at escrowed bounty campaign.
Yes, that's right, the solution is that we must join a reputable bounty manager.
looks like I have to join the escrowed bounty campaign.
currently I'm also joining some bounties and I'm sure they are reputable managers
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
Nowadays, almost all projects campaign have their own risk once the individual investors decide to buy the token.
But I definitely agreed that its really hard to notice in which of them have a red flag. That is why each of the community here in this business always must do their own research first before investing unto it.
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people are calling projects scam even if they are not but doing a proper due diligence would indeed weed out most of the actual malicious scam projects, still, a reality is that some of them are so elaborate and well put together that it is hard to notice any red flags on the initial sweep, so even with "common sense", you are still exposed to some risk.
Nowadays, almost all projects campaign have their own risk once the individual investors decide to buy the token.
But I definitely agreed that its really hard to notice in which of them have a red flag. That is why each of the community here in this business always must do their own research first before investing unto it.
Yeah, I agree with you, we should have own research before invest in projects or coins.
There are too many scam project.
Not easy to detect scam projects.
I get the point so even with "common sense", you are still exposed to some risk. that's the fact in crypto.
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The question, of course, is very naive. As if one of us deliberately joins fraudulent projects or invests in their cryptocurrency. Many advise in order to avoid contact with scammers to conduct their own research in order to identify the fact of fraud in advance. But the fact is that scammers very often copy good projects, and there is not so much information about any projects. In addition, such information is usually repeated word for word in other sources and comes from the same project team. So due to the limited information, it is almost impossible to conduct some kind of own research. Either way, we have to take risks.
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Now scammers can arrange everything so beautifully that even an experienced cryptocurrency investor will not see anything suspicious, so you always need to be very, very careful in cryptocurrency investments and of course it woul be great if cryptocurrency scammers would be punished in real life, because there are already too many of them.
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Now scammers can arrange everything so beautifully that even an experienced cryptocurrency investor will not see anything suspicious, so you always need to be very, very careful in cryptocurrency investments and of course it woul be great if cryptocurrency scammers would be punished in real life, because there are already too many of them.
Yeah, its difficult to detect scammers now.
They are very smart to arrange everything and make it beautiful.
As you said, I'm really agree.
Scammers is smart people with bad attitude.
So we should learn the project and the team.
Learn roadmap, whitepaper details and always follow their social media.
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A feature of the cryptocurrency space is the fact that at present, it is poorly regulated by existing legislation. This is used by all kinds of scammers. The best way to protect yourself from them is to take your time deciding which project to invest in.
Scammers will always be there, I think we should own research before invest in project or join bounty campaign.
As many people her said, scammers is smart people , So not easy to detect scam project.
Although senior bounty manager also being cheated by scammers.
I also several time join scam bounty.