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1  Alternate cryptocurrencies / Altcoin Discussion / How to spot a scam? on: October 03, 2017, 11:12:54 PM
I hope I picked the right subforum to put it in
Well I mean the obvious red flags are when there is no information about the coin, no future plans, etc. Even a noob like me knows that much.

An example, someone announced a coin called ''JFK coin''. See topic here: https://bitcointalk.org/index.php?topic=2233654.0
Red flags were there, so I asked him the purpose of the coin, and the future he saw with it. Basically said that I thought it was a scam. He deleted that comment, I figured I’d ask nicer and make him realize people need that kind of info otherwise it looks scammy. So again I asked him: ''What is the purpose of your coin? What do you see for it in the future? People want this kind of information before they invest into something, so telling us would be beneficial to you.''

Aaaaaaand... he deleted that comment as well. Of course he did Kiss.


But nevermind that. What are some other red flags for scams, that might not be as obvious to a newbie?
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