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Author Topic: How do I know if an altcoin is a scam?  (Read 2301 times)
cdog
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August 05, 2021, 02:50:32 PM
 #221

Research is key before any investment and it can give us insight if a coin is legit or a scam. The first step for me is always to check how the coin performed in the past. Was there active trading in the last 100 days? And if yes, how much trading was done. Looking at the past teasing volume can already tell us if there was some kind of price manipulation.
You can view recorded volume of each coin traded in a given period but only know the general accumulated volume and not detailed information from the charts on the exchange, it is not valid as an analysis because too much manipulation for new coins already listed on the bad reputation of the exchange, you must ensure that the coin is active trading real volume without volume manipulation.
leetcoiner
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August 05, 2021, 08:15:10 PM
 #222

Only the study of the project and the search for holes in it can give at least some result.
Scammers have now become very smart and sometimes even write their own white paper so that it would not be possible to catch them for plagiarism, however, this does not mean that they are not mistaken in other places.

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August 05, 2021, 10:03:31 PM
 #223

it's very easy, just see how active the team is on social media and how they respond. usually the scam team always limits every member's conversation in the group and they seem to set us up not to talk about their coins. this is clearly avoided and is really a scam and should be thrown in the trash.

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August 14, 2021, 10:00:51 PM
 #224

First of all, newbie shouldn’t join with new altcoins token ico.  Cause its quite impossible for them to find out good project with first try. Scammer are very smart to fruad with people. So first notice on those altcoins who were get scammed. Then try to Find out Their ways and reason and try to learn something from those. Then you’ll automatically know if the altcoin is going to scam or not

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August 14, 2021, 10:18:13 PM
 #225

First of all, newbie shouldn’t join with new altcoins token ico. 
And newbies should also know that most of the ICOs today are not that good anymore. Many of them are outright scams, although there's still a place for them but it's known by the community that most of them right now are scam.

Cause its quite impossible for them to find out good project with first try. Scammer are very smart to fruad with people. So first notice on those altcoins who were get scammed. Then try to Find out Their ways and reason and try to learn something from those. Then you’ll automatically know if the altcoin is going to scam or not
It's quite hard, to be honest, but there's a way to know it if you're always that type of person who seeks that information just as the goal of the project and how they're marketing it. If there's a sign that the source and its goal doesn't really look viable and sustainable, you can have that idea what it is.

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Handsome Boy
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August 14, 2021, 10:31:53 PM
 #226

if I personally have some criteria to say if an altcoin is a scam, that is :
1. the project does not go according to the roadmap and whitepaper
2. the team is inactive and not transparent
3. the project does not have any progress
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August 14, 2021, 10:46:40 PM
 #227

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?
Few ways to stop losing money? Stop looking for x100 token cause you only end up been fooled by these scammers that pose to be legot devs, to identify a scam project is not that easy like it use to be before since scammers know people no longer fall for their tricks, now they create projects and try to gain the trust of the investors while still staying anonymous, once they gain it they will rug pull when there's enough money in the liquidity, afford new projects for now, buy top coins and stay safe.

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