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Hi guys, i've heard about this coin since march but i dont know if invest on it. I think it may be a nice chance because covid is very talked about and if well managed it could go up, but im new to crypto investment and im a bit scared of losing money. What do you think? Thanks

Coronacoin COVID is like a malicious scam, it seems that scammers are trying to use the disease to advertise the project.
I don't know much about the coronacoin COVID project, however I will not participate in that project.

It is a scam.
Don't invest into this coin and other coins that are obviously faking the project and wants to scam investors. You are a newbie and your first post seems to be pointing out in this coin.
Are you sure that you really didn't invested into this coin?

Be careful of such coin. Even though there is no corona virus before scammers always find a way to create a scam project and as of now they even use the pandemic today to create a scam coin only to steal their investor's money. Stay away or you'll get infected with the coronacoin you mention.

I think that project is a scam, no one wants to use disease to advertise their project. The people who use the disease to advertise are scammers.
I would advise people to stay away from such projects.

If a project has to use covid pandemic to get attention to their project then that's really pathetic. Scam or no scam, I don't see any reason to participate in such projects.

We should not take any investment decision due to coin or token name. Need to do research on project goals and development before investing.
Looking at the name, coin seems temporary as COVID  :)

Wow if you are seriously asking this question OP you should not be playing with the crypto circus !

Put your money into a tin and under your bed, it will still be there in 6 mths, put your money into Altcoins you will have nothing.

It took me all of 30 seconds to research this coin and decide its a shitcoin and has red flags every where.

You need to research and the best way to spot a scam coin is to look back at older proven scam coins and look for similarities then take this new found knowledge and look at new coins.

And in this world "if it looks to good to be true it probably definitely isn't"

My views of coarse and I could be wrong COVID could be the next big coin........ but I don't see it :)

TT

I see there are many ico projects with the name Covid-19, on the one hand it does not mean I do not trust new projects about Covid, it's just that we all have to be vigilant about this because scamers always have many ways to fool victims. my advice is that you need to reconsider before investing in a Covid project especially if you are new to the crypto industry.

It is a scam, don't bother knowing more about it as you might be drawn into investing and losing your money since you are still new. Also, I remembered reading a post where the project team of the same Corona virus coin exited scam, now another is coming up again with same pattern, why, because they know this pandemic gives them the opportunity to scam innocent people. In case of another time, ask yourself, the relevance of the project and check if it is really achievable. Lastly, all Corona virus projects are just out to scam hence be careful always.

Yes, but it is a good opportunity for those who misuse crypto for fraud, especially about projects that use the name CORONA VIRUS. for you this is a bad road, you don't need to invest in any project that uses the name CORONA VIRUS. This will only make you lose money easily.

And projects that name their coin related to coronavirus lacks empathy. They are turning into this event something as an opportunity for them but they don't see the whole bad thing that this virus is bringing us.
Ignore and boycott all of those projects that has a name of coronavirus and aims to have investors.

Such coins do not have any utility and mostly greedy people and scammers launch such coins taking advantage of the trend also please note that there have already been 2 to 3 coins launched with similar names and they have already exit scammed people after selling their useless coins to people who thought it would pump like crazy so a buying oppirtunity but sadly they learnt the lesson in a hard way.

The scamers will certainly take advantage of this situation for fraud. Corona outbreak became a trending topic on any site including in this forum section, scamers began launching their actions using COVID as bait to attract investors, be a wise investor and not be tempted by this kind of project.

Certainly looks like a joke and a great chance of being a scam. A developer somewhere is trying to use the current health challenge for their own personal gains and selfishness. Having seen a bit of what the project entails, I will advice anyone getting involved with them to please follow the project cautiously. I don't think they have anything worthwhile to offer.

I ever heard about this coin and now I have searched.
Well, is this token that the OP refers to?
https://i.imgur.com/NHhYHg5.png?1
The price is absolute wow, going to be a dead coin. There is no trading volume and no clear information about it )if it is true what the OP refers to). Is this coin for donation or as a usual token to be traded only? I cannot find much information about this coin exactly.

Moreover, what is their official website? Is this CoronaCoinOfficial.com or https://coronatoken.org/?
But the most important thing is that those two websites are dead, cannot be accessed.

For OP, I don't think that this coin is legit. If you are new in crypto investment, never it is better for you to avoid investing in this coin, this seems strange. Additionally, as a newcomer in the crypto world, never only thing to invest in a coin that is only by hype. Learn more and better to put your funds in the exact coins, for example on the top 10 coins on CMC at least. It may be safer for you (although it also doesn't guarantee).

Source:
https://www.coingecko.com/en/coins/coronacoin#markets

Surely they are scam, a bullshit project created just to deceive investors in this market. Stay away from this project and corona virus related projects because they are scammer, they can't help disease disappear by blockchain

These projects are scams, and there won't be any stupid investors investing in them. I think there are hundreds of Covid-19 projects appearing in this market, and it makes me feel very funny thinking about it.

Certainly, those projects will not improve anything, and investors may lose money when they encounter investments. The world has become more chaotic after the pandemic, and this is also an opportunity for scammers to make money.

Coronacoin COVID? Seriously??
it looks like it's a very dangerous token.  :D :D
i think, they only take advantage of situations that are viral (just my opinion). if they use a name that is currently viral, they will not try hard to promote their project. because the name of their token will be talked about.

my suggestion, you better find another project that is better. don't waste your time on things that will definitely make you lose.

Of these coins, where the name of the virus is present, I have already seen three, four, my opinion is PR on the bones, and I am very sorry for people who have no imagination if they can’t even come up with a name for the project.

Aren't you curious what this token is all about? Don't you know how to do research? What will this coin do for Cov-19? Cure the infected? I don't think so, this project and every projects sharing the name with Coronavirus are all scam projects

All the Covid related projects that I found are all scam and will likely end up as a pump and dump coin, refrain from investing on this kind of coin, they are not a long term project, once we've found a vaccine and Covid is eradicated they too will soon vanish, if you decide to invest then decide at your own risk, and don't recommend to your friends to invest, even to your enemy.  :D

There are several covi19 tokens in the space today, and you have to be careful.
They are quick-buds, take funds projects, aimed to rip off novice and uninformed investors

A prominent one i  have seen recently is the covir platform.
DO YOUR OWN RESEARCH.

Thank you guys, you replied really fast! I was looking for some extra profit because my investment budget is low and with normal returns im not going anywhere. I'll treasure your advice and look for something else.

Yeah that was pretty obvious ;D. I say so not because I saw your rank but because of your mind set. Most of the newbies tend to just go with what's hot and do mot analyze first the situation. Well, good for you because your fear of losing saved you from the misery.

Dude, if I were you I will not invest my money into that alt. It was so nonsense, it was just a future sh*tcoin trying to get attention from the crowd by correlating it to the current situation. ::). Much better if you will study first and know the how crypto market works as well as the pros and cons. But if you want to know my suggestion, it will be ethereum or bitcoin cash.

It is just going to be another useless token trying to ride on the name corona pandemic which will do nothing to the crypto community. They trying to seize the opportunity whilst its hot to attract and scam investors. There were lots of coins that came out already trying to ride by the name of an specific events but ended up worthless. Forget about it and focus on establish or any other upcoming projects with so much potentials.

Any crypto coin or project with 'corona' name tag it's all scam, these so called projects have nothing to offer humanity that to make people like yourself fall victim to their silly promises, do not invest on such project, its no doubt a scam

Searching it in the internet is easy, I've never heard this token until now. I can't really trust any coin that is built because of a current events or happenings. For example, when airdrops are at its peak season, Airdrop tokens started to appear quickly, and to be honest most of them are trash token that has no clear obligation or future about the token.

This kind of coin is taking advantage of our dire situation right now and I don't really trust these kind of scheme because it is almost certainly a modus to scam people.

Imagine investing just because it's trendy, you now everything has an end and something that's a trend will only become a trend temporarily. It's better to judge a project or token for what it actually is rather than just following that nonsense that you mentioned about. not to mention that this covid coin will gone into oblivion next year once vaccine finished.

You will regret and cry every day if you invest in coins that are not clear,
and of course this is ridiculous, do not get eaten by scammers

when the LOCKDOWN situation because COVID-19, cryptocurrency investment is very profitable in my opinion, but if you are still a beginner in the crypto world, you can invest in bitcoin or top altcoin now, such as ETH, BCH, XRP, etc. ...

This is a scam project do not invest on it. Scammers taking advantage of Covid 19 and scamming. As you are newbie do investigating more on what ever you do. My suggestion is not to invest on this project.

If you are afraid of losing your money then don't invest at all, this kind of coins are not going to be on the long term it will not last even two years, once we have the vaccine and in two years time, it will be a thing of the past, not really the kind of project worth joining we already have coins that have proven it's worth going for these coins...

I do not advise investing in such a coin for the long term. I think that this coin with due hype does not hold out for a long time at a high level. This is the same coin as the rest of the trashcoins.

if you are in doubt about this project, in the official channel of this project. please learn correctly, because the assets you have are very important to be managed properly. if you are sure, please do the investment without hesitation

I highly doubt this project. Look,  scammers are totally in great trouble to convince the investors and they are very much willing  to spend a lot of time to create ideas that can snatch their attention. And using the pandemic is their big opportunity since it is natural to man to has empathy that leads him down to irrational most of the time.

As an investor, you should analyze the things that you need to consider before investing. It is better to do some background research to find its specific purpose and how it will be useful because there are some factors that may affect your investment. Try to look at the white paper because it contains the information that may help you to identify if it's worth the time and money. It's nothing new to see fraudsters make profit out of people's misery, so we need to be checking everything just to be careful.

All of the coins that used the name of corona virus can be considered as scam coins and this has already stated so many times in various thread too. People must aware and try to avoid any coin that uses name of covid virus. Covid coin was a garbage coin that created by scammer.

What I think about coronacoin? It is an outright scam and should be avoided. Such projects have nothing to offer to anyone other than making use of the opportunity that people are suffering, afraid etc to scam; because when some people needs Solution to issues they are likely to believe anything they are told or shown. So forget about this one and go for developed altcoins, you can start with ETH or top 20 on coinmarketcap.

There is a bounty campaign promoting COVIR.io, at first look it looks good, but even they are legit and are not scam at all, the problem is if the token has an use case, I can´t imagine for what this token could be used.

The above is what I get from the covir technical document, the cvr tokes as you can see will repsent the license rights of investors that is attached to octopus robots which is a partner of covir.io to generate incomes, we can't deny the fact there are many covid-19 related projects in the market but a thorough look at convir and there octopus robots partnership will tell l you they look very different, this is not an endorsement of this project, but just telling my observation.

If you are newbie to this market, it is best to invest in the top altcoins in the market to reduce the risk of failure and loss. Go to coinmarketcap and invest in Bitcoin or ETH, besides diversify and choose a few altcoins in the top 10. Btw never invest in Corona Virus related projects because they are all scams, They just use the virus to create bullshit projects

NOT ALL because it can be used too in good way. Like a coin for charity to coronavirus victim. But I agree with that all existing coin that using that name are all scam since they are just using the hype to gather funds.

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The content of OP is purely a speculative trading and not healthy dicussion in regards of trading profitability. That's just like investing on ponzi scheme then wait until other people invest without any proof that the has a use case in the future.

I like your observation! The main problem here is that we don't know much about pharmaceutical companies, all we know that there is a lot of money in that, but nobody knows any names, we don't know who is trusted and who is not. We can research and find out more, but I don't think I will do that! I don't care about them because I don't have a nice opinion about them! I will not get into any covid related crypto project.

I think you don't need to think about it to make any kind of investment in it. Because this thing doesn't seem fair, these things pretty much look like a scam. As an investor, you always have to make your own research before making any kind of investment otherwise you are gonna lose a huge amount of money, so being responsible before making an investment.

I recommend that you looked on Idena it's a new coin just launched late last year and it's hold a great potential in the market
https://www.coingecko.com/en/coins/idena the algo is very much different from all the other coins that you've known it's a proof of human check the market chart and the information therein.

Hesitation retreat...!

Investing in a cryptocurrency world full of risk, you must be prepared to face it all, if not, backing out is better.

If you are new to crypto, knowledge, trade and investment is very important, to benefit from the type of crypto that you invest, But if you remain determined to invest, you should at least understand and know that investing in crypto, the price is very volatile, You must have the right analysis sufficient to determine the direction of the crypto chart up and down, if you just get investment information from friends, it will be fatal, your money will disappear, don't you ever express crypto values ​​based on predicted opinions, it will end up not good for you.

You must at least have principles and courage.

Thank you again, i have so much to learn about crypto. You have been really helpful

Of what benefits is corona coin? What problem is corona coin trying to solve? After corona virus have been dealt with, what becomes the corona coin? This are some of the questions that should be answer. Everyone trying to take advantage of situation to float a project.

I think it is a project that should not be invested, created to steal investors' money by evaluating the agenda. I think that the main reason for making such a choice as a name is both to attract people's attention easily and to be able to carry out advertising activities easily. Also, I am wondering what will be the main purpose of this project? Why has the project team set such a name? What real product will the team come before ICO or IEO? What will happen to the project when the disease loses popularity? Who is the target investor audience? I have more difficult questions to answer in my mind...
I THINK THAT IS NOT A INVESTMENT AND A SCAM PROJECT !!!

You are absolutely right about that, if you want to be the best investor, we must be careful about making any investment. l mean before choosing any project for joining we must make own research, instead of relying on somebody, we must take risks only ourselves. On the other ways as you mentioned we can lose a huge amount of money.  The money management part of investing is as important as the portfolio diversification, the key is staying on the balance line between profit and loss.

I think this coin has no future. The expectation of coin growth on human deaths is sacrilegious and inhuman. I will not invest in this coin and I do not advise you.

coronacoin 100% scam, CoronaCoin developers only use the moment and aim to get attention. don't fall into the scam trap they do

In my opinion, coronacoin is a bit strange because those coin developers only use the situation in these conditions to get money for example from donations which in my opinion are not too good because when a scam occurs it will only make the cryptocurrency name worse.

Bro you are entitled to your opinion so am I, nobody ask you to look into anything, neither does anyone ask your opinion on the subject matter,  nobody really cares if you decide to research about it or not, if you don't know about pharmaceutical companies that is entirely up to you to either want to know or not, if you don't want to get into covid related crypto project nobody cares.