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Author Topic: Identifying potential scam coins  (Read 338 times)
Passive Coin
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October 14, 2017, 08:33:59 AM
 #21

I stopped investing into ICOs.
All this metrics at ICOs website showing that e.g. 55% tokens sold in 3 days is BS usually.
Maybe, I am not gonna earn more % but it's more safe to buy when coin hit exchange and project have good reputation at Bitcointalk forum, thanks to you guys around. Smiley

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LodisMcguire
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October 14, 2017, 08:41:02 AM
 #22

The usual method is by reading their whitepaper,checking the dev team and their technology
Scam project will have unclear roadmap and unknown dev team,so you should stay away from shady project like that

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Temmy007
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October 14, 2017, 08:51:22 AM
 #23

If you want to invest in any ICO project, you should:
1. Look at the content of the project ; what the project entails.
 Is the project fulfilling any demand, is the demand in need I'm the run.
 
2. Secondly the roadmap, is very important or you call it the white paper. Research no  how to rate a white paper.
 What is the distribution of the coin, is the team holding some coins in escrow for a little long term.
 
3. Invest in tokens with limited supply, always avoid coins with billions in supply.

4. Lastly and most important: check out the team
 A team is very important, a good team makes a good coin, a good team can make a shitty coin with no use into $10 and more.

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germa66
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October 14, 2017, 11:18:57 AM
 #24

just look at their website by identifying team members, and you should also see their plans on the road map, and the most important thing is you should be able to predict community feedback on the coin.

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October 14, 2017, 11:44:14 AM
 #25

Hello,
It's a well known fact that cryptocurrencies are everywhere. Every now and then new projects come up purporting to solve a problem. But we all know that some are destined for success while others will eventually fail no matter the hype. Some are outright scams.

Is there any way one can recognise potential scam coins? Any way one can predict whether or not a project will succeed?
You will have to do your own  research and get to a conclusion whether the coin is a scam or not. Look at the development team. If the developers are sketchy you might want to avoid that coin. You should use your own sense to find out if there is any pump+dump  tactics taking place. Make sure the new coin offers something unique to the existing market, and not a rip off of some other coins. And always read the whitepaper and judge them in as many ways as possible.


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Quietman
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October 14, 2017, 12:05:03 PM
 #26

Sometimes, scam projects are obvious. To avoid scam, you'll really need to check the details of it. Their white paper and the concept. As well as the developers. Keep in mind that a lot of ICO end up successful but its price gets dumped in the end.
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