How to recognize scam

[EducoinVietnam]

it should be understood that automation is good for mass assessments and does not work well for individual ones. Therefore, it is better to use a point approach: first, applying the principles known to all; second, paying attention to details.

[MonaLeeTracy]

it should be understood that automation is good for mass assessments and does not work well for individual ones. Therefore, it is better to use a point approach: first, applying the principles known to all; second, paying attention to details.

actually recognize that fraud is easy. so we have to be careful in choosing things. because every fraud always surrounds us. if you really want to find out if something is fraud or not you better find information.

[pakupayung]

In my opinion, to recognize an altcoin is a scam or not, it can be seen from the developer of ico.
Actually it's not too difficult to read plots in the crypto world, especially the ico coin. Before launching to the public, coin had been owned by developers and the teams because it had been mined previously with other miners. And when coins enter the market, Dev will play speculation creating a trend. Pumps increase the price of coins up by buying large quantities to attract crypto market exchange users so they want to buy these coins. when the price starts to move up and it is feared to reach the top point, the developer will sell all the coins, then run without care anymore, this is also followed by investors, miners and coin holders. So this is what causes coins to die, no longer active because there are no buy and sell transactions on the market. This can be known through the block that there are transaction transaction details of all coin activities.

[Prolifik]

There is no way to predict the future of some project.
There are 3 types of scam/failed ICOs:
1. Team creates ICO only for quick money.
2. Team creates ICO, they start work on the project, but they fail.
3. Everything is okay, but nobody wants to use the platform.

[celot]

Many way we can know which one best and good ico for investment and scam ico, some ico project always put their team and owner detail, we have looking for they are really true owner data or fake owner and ico team.

[Happydd]

Some ways to identify phishing projects:
1. The objectives, capabilities and development of the project are not specified.
2. Mobilized capital is not clear.
3. No head of development project.
4. Profit is not clear.

[Maricurijohn]

Many way we can know which one best and good ico for investment and scam ico, some ico project always put their team and owner detail, we have looking for they are really true owner data or fake owner and ico team.

Yes, finding the project team is exactly what they have posted on their website, but that's the safest way we can identify an ICO project. truly a success or a fraudulent ICO project. so I think we should check carefully before investing in ICO projects.