Bitcoin Forum

What is scam coins? Do you think Liza, LCC, VNTX, GER, BITDOLL are scam? Have you any scam coins list? If yes, then lets discuss about scam coins.

Can you define what is a scam coin? I feel the opinions are different for different people. For example if one person is supporting and shilling one coin and one more emerges tomorrow which a similar technology and slightly better than that is a scam coin for the former. To elaborate Bitcoin Cash is a scam coin for Bitcoin fans, and Nano is a scam coin for Bitcoin Cash. Since all these have a similar intent of becoming a versatile currency and each having its own problems. Same goes for Tron, Ethereum, ICX, ADA.

That being said there are a few Shitcoins though, which are topping on the CMC without any real world application. if you look closely at the top 10 coins and know what each coin does you can figure it out yourself. 

I don´t even know about those coins. Unfortunately, instead of thinking that a project is legitimate I, by default, consider it a scam until proven otherwise.

No one can give you an answer for that question. Because it's hard to predict that coin become scam before it realy became scam.
Some coins can make x1000, but anothers can decrease their price into almost $0.

There ton of it just be carefull when chosing which coin to invest, and the important thing is never ever invest to something that you cant afford to lose i mean you can invest to everthing you want just make sure that money you use not some money you need in near future. Be safe be wise !

Make sure you review information about that coin carefully before making any investor on it.

Most of the fraudulent tokens are not known, so I don't know about them.
The swindle is one after another, so most of the time people will only make a list of good tokens, not a list of fraudulent tokens.

In my opinion they are not a scam it's just a project they make does not sense. of the price to be achieved, as well as the unreasonable distribution bounty funds. I think, if you want to know they are a scam or not. you can see their team, vision and mission of their products. Before you follow, you can see followers on the telegram, whether many are interested or not.

You can have an answer if you do research on these, but that takes time so I only would do it with projects that are convincing at first sight. Else, next please.

I agree to the second poster. Different people have different opinions. As an experiment try to ask your friends that knows about cryptocurrency, what really is scam coin?
I'm sure you will get different answers. Maybe someone will answer that scam coins/shitcoins are from scam projects(the project team runaway with the money raised during ICO). Or scam coin/shitcoin is a useless coin in the market, that have $ value but no real use. I choose to believed in the latter too  ;D

Yeah investors  really good  and  keen  observer about  crypto currency they  really  know if the ICO’s  are scam  or not. The way  they present  their platform in the white paper  it is really  obvious. It they really  true or not. Those  ICO’s  who really  fails are those obvious  to be scam.

what i think isn't important but what i research is so you must research for when you want to invest

As far as I know, scam coin is coin which abandoned by the dev team.
I got a lot of scam coin/token such as LTG, FUDD, BTCQ (Bitcoin quick) and Monero Gold.

Real scammers may not even give out coins after ICO and just take your money. They engage not in the development of the project. Just sell a part of their coins on the stock exchange at a higher price, take away the money that was collected on the ICO and disappear. Therefore, no one can tell you in advance what kind of project will be fraud.

Dragoncoin seems the biggest scam ever. I mean a coin for Gambling High-Rollers? Why would an ordinary person need that coin? How will that coin be ever used for something else?
$320M raised in private and pre-sales? WTF?
Money laundering en masse.

SCAME COIN
https://bitcointalk.org/index.php?topic=2986139.0

I believe the zigger is the worst project recently arised in the forum and scam many participants says that they will give the token after the tokens sale has been over but still nothing updated to many people as it almost crossed the 3 months are more.

Apart from this there are many project open the pre sale and grab the money and leave the site as it is. That why people are asking to be careful while invest on ICO projects.

There were reports that DeepOnion founders are holding 99.99% of the coins.

All PoW coins with a massive premine are to be regarded as scams.

We need to beware of such coins – those coins were created in “get rich quick” scheme in order to make money only by their creators. Identifying them might be a little bit difficult. We need to scrutinize any coin very well before investing in their ICOs. Experience also matters in this kind of situation.

i am sure everybody has different answer to this question

it is hard to understand in advance that one coin is scam

when it is obvious that it is scam it will be to late

so anycoin without a working product is highly probable for being scam

I have started joining bounty and Airdrops last month and for a short period of time I say that out of 20 ICO I joined only 3coins have real value and their price is lower that their ICO price. I learned here that best to check if legit is thru their team, whitepaper and website. If team member have credible LinkedIn profile that have connections and legit background plus they have white paper and website then there's a big chance they are good project. For me if those 3criteria I have is not met then chance is that it's a bs project not worth my time.

I am read that the Myriads project is a scum, although the idea of the project and in general the performance seemed deserving of trust, it is very difficult to distinguish criminals!

I never heard of the coins you were holding. Make sure you know the fraudulent coin, if your coin is on the trading floor and the value of the coin falls, then this is a coin with bad business. But if you buy the coins at the time of the ICO and then they are not on the trading floor. These are scams, poor quality.