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Author Topic: isn't it common sense to avoid scam projects?  (Read 12965 times)

Offline Ghozrd

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Re: isn't it common sense to avoid scam projects?
« Reply #60 on: December 01, 2020, 05:20:14 AM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #60 on: December 01, 2020, 05:20:14 AM »

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Offline Tanimariya

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Re: isn't it common sense to avoid scam projects?
« Reply #61 on: December 01, 2020, 07:23:26 AM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #62 on: December 01, 2020, 08:41:39 AM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #63 on: December 01, 2020, 09:06:03 AM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #64 on: December 01, 2020, 11:45:27 AM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #65 on: December 01, 2020, 12:28:14 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #66 on: December 01, 2020, 12:59:09 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #66 on: December 01, 2020, 12:59:09 PM »


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Re: isn't it common sense to avoid scam projects?
« Reply #67 on: December 01, 2020, 02:08:39 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #68 on: December 01, 2020, 02:15:36 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #69 on: December 01, 2020, 02:35:05 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #70 on: May 16, 2021, 06:59:04 AM »
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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Offline gabbie2010

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Re: isn't it common sense to avoid scam projects?
« Reply #71 on: May 16, 2021, 01:55:55 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #72 on: May 16, 2021, 03:52:44 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #73 on: May 16, 2021, 07:31:17 PM »
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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Re: isn't it common sense to avoid scam projects?
« Reply #74 on: May 16, 2021, 09:55:40 PM »
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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