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Author Topic: Altcoin - Scam or not ?  (Read 2334 times)
CryptoCoin8487
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July 21, 2017, 08:09:57 AM
 #41

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!

Whats that coini never know of it i think you buy the dead coins specialy in yobit a lot of dead coin and token setting there so you be very carefull nextime in yobit my advice to you is you have to search first study the coin and the price is moving upward and downward and also double check the status of the coin here in bitcointalk furom you can alsways check it here

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melted349
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July 21, 2017, 10:18:14 AM
 #42

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!

Whats that coini never know of it i think you buy the dead coins specialy in yobit a lot of dead coin and token setting there so you be very carefull nextime in yobit my advice to you is you have to search first study the coin and the price is moving upward and downward and also double check the status of the coin here in bitcointalk furom you can alsways check it here
Yes next time be careful advantage if you do study first before you buy that coin so you can avoid scam.

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July 21, 2017, 11:52:47 AM
 #43

did they had a website?

was there a whitepaper?

what about the team members? Any names?


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July 21, 2017, 11:57:39 AM
 #44

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
You need to do a lot of researches, before buying something. At first check the team members, than deffinetly you need to know what is the concept and read a lot of information about this project. Even here on bitcointalk forum, there are a lot of bounty campaign scams Angry

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July 21, 2017, 01:12:41 PM
 #45

Look for parameters:
1. Dev activity (active site, new releases, active twitter/blog)
2. Community (live thread and slack)
3. Multi OS wallets (Mac wallet must be
It's enough to distinguish dead coin from coin that has a chance for growth.

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July 21, 2017, 03:00:07 PM
 #46

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
I never heard that ACRN coin before. You should be careful from buying a coins because some coins are dump or dead. You should check all the top ten list of coinmarket or in tidex, so you could see what coins are really safe to buy and to avoid scams.

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July 23, 2017, 07:55:51 PM
 #47

Here's a nice visual overview of popular recent ICOs with tokens issued, token rights and viability of business model:
https://medium.com/@StorifierCo
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July 23, 2017, 08:58:31 PM
 #48

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!

Whats that coini never know of it i think you buy the dead coins specialy in yobit a lot of dead coin and token setting there so you be very carefull nextime in yobit my advice to you is you have to search first study the coin and the price is moving upward and downward and also double check the status of the coin here in bitcointalk furom you can alsways check it here

It could be worse.
Look at the price of opening.

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Tankdestroyer
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July 23, 2017, 09:39:19 PM
 #49

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
One can easily know if an altcoin is scam or not, especially in yobit. If one wants to know if a coin is scam or not in yobit, just look at how much it's pumped. If it is pumped hard with at least 400%+ gain, and has no good roadmap or even an announcement thread of it's own, then it is sure to be a scam coin. Also, try to search the particular coin on coinmarketcap and if it is not listed there it is sure to be a scam.
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July 23, 2017, 09:43:04 PM
 #50

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!

ACRN? Never heard of it. How do you find shitcoins like this? Smiley
If the coin don't have a good project, good team or good money we can say that it's scam. You may be bought abandoned coin. We don't even know that coin. Don't use Yobit exchange, it's notorious for shady business.

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Kersh768
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July 24, 2017, 10:33:00 PM
 #51

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
I'll suggest you to first make a research about it before engaging yourself on buying it. Also, look and analyze if the price is close to reality. Further ask those who are old on this 'business', because they know and they are awared of the coins, changes perhaps and the modus, more like consulting. I never heard of this coin that you've said, in this intance, it is suspicious and weird at the same time.

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July 24, 2017, 10:35:56 PM
 #52

Quote
Altcoin - Scam or not ?
Yes, it Scam.

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August 18, 2017, 07:30:00 PM
 #53

Acorn ACRN coin has no much info over web but it's pumping hard at 1 satoshi on yobit, new is that this coin may go over 10+ sats soon, Github src code 4.25 billion coins max supply. Yobit pump can push any coin up. I also bought few mills at 1 sat with hope like Bstar went 14 sats from 1 sat. Coins looks legit but no much info by dev. If dev works on project this coin may go up high.
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August 18, 2017, 09:30:04 PM
 #54

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
I'll suggest you to first make a research about it before engaging yourself on buying it. Also, look and analyze if the price is close to reality. Further ask those who are old on this 'business', because they know and they are awared of the coins, changes perhaps and the modus, more like consulting. I never heard of this coin that you've said, in this intance, it is suspicious and weird at the same time.

About this matter here, it's a better idea to check coin market capacity of the coin or maybe if you cannot have a source where it's been traded. I think of that coin that it's a shitcoin which is not yet been introduced fully to investors, that's why it happen it became suspicious. Of course we wanted an assurance for it because were serious about this matter here, money always been a vulnerable asset as well. With regards to scam, we can't be certain if not proven yet so better read other's feedback's.

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August 18, 2017, 09:37:38 PM
 #55

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
I'll suggest you to first make a research about it before engaging yourself on buying it. Also, look and analyze if the price is close to reality. Further ask those who are old on this 'business', because they know and they are awared of the coins, changes perhaps and the modus, more like consulting. I never heard of this coin that you've said, in this intance, it is suspicious and weird at the same time.

About this matter here, it's a better idea to check coin market capacity of the coin or maybe if you cannot have a source where it's been traded. I think of that coin that it's a shitcoin which is not yet been introduced fully to investors, that's why it happen it became suspicious. Of course we wanted an assurance for it because were serious about this matter here, money always been a vulnerable asset as well. With regards to scam, we can't be certain if not proven yet so better read other's feedback's.

I agree with previous posts.
All the indicators to monitor are available in the forum.
Due diligence is fundamental in order to distinguish scam from genuine projects. Sometimes is more difficult, but still possible.

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August 18, 2017, 11:24:42 PM
 #56

Lol it is not a scam. Well it is your fault in investing in a shitcoin. That thing you put your investment on is a shitcoin and if it is a shitcoin it has nothing to do, it will just dump its way down. Try to invest on something that has a good team running it and given that, you should look for some signal in order for you to succeed and not get rekt.

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August 19, 2017, 01:58:22 AM
 #57

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!
I am sorry to hear that, but it's really hard to figure out if a coin is a scam, scamers are playing very well in their roles until you find they abandon their projects,but when it's too late for us .

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August 19, 2017, 03:04:41 AM
 #58

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!

You have to look at all the sides of the coin. Seriously dig deeper about the project itself. Look and review and read about the background of each member of the team that composed the project as well. You may also check their website if it is still active, their social media sites if they are responding promptly and posting updates.


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August 19, 2017, 03:38:52 AM
 #59

I don't think ACRN it's a scam coin, you just buy at the highest price, and that is the wrong time (in my opinion). When the prices is at the top or half, you should wait for prices to fall and after that you can decide to buy or not. CMIIW.


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August 19, 2017, 05:11:56 AM
 #60

How to identify whether an altcoin is scam or not?
This happened with me today. I bought ACRN coin from yobit yesterday for 0.01btc and today morning its price was 1 satoshi Undecided Doomed!!

Think of alt coins double or nothing. Most are no good and some can get you alot. So you have to "read inbetween the lines"
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