How would we know which cryptocurrency would be Scam?

[AbyssLagiaz]

Cryptocurrency can't be a scam if it simply exist in the market for trading. You might be referring to the volatility itself but that isn't the idea of the scam anyone can refer into because nobody can really reduce up to 99% the risks involved in cryptocurrency, it could be determined by luck. Are you referring to ICOs?  It could be hard to determine the legitimate ICOs these days especially if you're just truly a bounty hunter without even trying to get in through the checks needed for you to be sure that ICO will pay after it ends.

[buwaytress]

Small disclaimer that I use scam here in the broadest possible sense... To include, for example, coins and projects that are not entirely upfront.

In that regard, I would consider almost all ICOs scams... Except for those raising funds specifically for growth or expansion. But new blockchains? New projects? If you're raising funds to start an idea and need to hire devs to do ahit for you then I'm sorry you're out for profit not innovation.

Second related sign. Non open source. If you're not sharing, you're hiding something or have nothing to show. Scam from the get go.

[miningguru]

I am a newcomer, so I am very anxious in choosing projects because I am afraid that electronic money may be Scam. My friend shared, the choice of project to avoid Scam needs to be alert and feel with his experience. Depending on the content of the project, the participants of the project are transparent and reputable. There are many other factors, but empirical reasoning is very important.
Remember, most projects are phishing.

Everything is under hope and faith so we don’t know what happens next but the experience will teach a lot to make some good decisions and also gives some good vibes to us.

Until it is scamed we don't know how to identify the scam ICO because most of the scam ICO are very active with the community and other legit projects will do same but it is hard to find the good project.

[MascharonoM]

There are different ways of identifying cryptocurrency scam. I am not an expert but have a little bit of knowledge about Cryptocurrency. The best way is to research white paper neatly. And you might some good ideas whether it is a scam or not. I already involved with a new Cryptocurrency project @SciDex. I also researched their white paper already. Looks like everything is clear.

[DreamerJ]

No one knows for sure. You could just participate or not and Malle your own forecasts about campaigns or projects and only when it finished you will know it.

[yesuidanggan]

Many ICO's are fraudulent! And many crypto-currencies have no practical application value!

Cryptocurrencies that have no value will end up returning to zero!

Investment must choose such as BTC, ETH cryptocurrency!

[Rosilito]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

Well, the only thing you can do beside asking this kind of stuff is researching those crypto credibility where you will be involve with. Lots of crypto nowadays exist it is pretty hard to distinguish which is real and which is fake. Beside of the crypto credibility you may check the credibility of the manager who runs it, if in this forum look below the manager's name if there is a red trust probably the manager had been involve on some stuffs that made its trust red, probably the manager is a past scammer or whatsoever well, that is all.

[Ricche]

This is a good question I think. And everybody should research well before investing their money in ICO projects. The best way is to read white paper as well as research well about the company reputation. I did for SciDex. Looks like a good one. What's your opinion?

[syaripudin]

I think detailed research is very important to know the newly emerging crypto types that could have just ended in deception. and a few things to do is look at the team that developed the crypto type that will be launched because of the success of the crypto to be launched and one of the things that can influence it is from the great team that developed the crypto.

[Hillthy]

Unluckily. I think there are not any specific solutions to be able to know a ico project is there a scam or not? Because, it is organized more sophisticated. In my opinion, it should take time to observe the preparation process of sales, marketing, community support, etc.

[Superways]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

If they are added to some exchanges and they are added to coinmarketcap then it is hard to find scam among them if there will be any scam. For precaution I will sugges to invest only in those coins which have the highest volume of trade or which are on the top of the list on coinmarketcap. It will secure you from potential lose.

It is also advise from me that do not invest in those coins which are not on coinmarketcap yet and which do not have and stronger business.

[cuongdola211092]

To evaluate a first project we need to evaluate the project roadmap. then to the project team and the idea and development of the project

[Woolles890]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

Just be honest. I personally find it difficult to determine which crypto is scam or not. Because usually if at the beginning, of course, all can promise and do not think it eventually will be a scam.

[Ricche]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

Just be honest. I personally find it difficult to determine which crypto is scam or not. Because usually if at the beginning, of course, all can promise and do not think it eventually will be a scam.

Idea isn't bad though. And the argument is right in almost all cases. But not all of the ICOs are scam. Need to research well before investing money as I already said. Research company white paper and who are working on this project. I found SciDex is legit and pure with lots of possibilities to grow. Thank you SciDex.

[pokeronlinestatus]

This is a good question I think. And everybody should research well before investing their money in ICO projects. The best way is to read white paper as well as research well about the company reputation. I did for SciDex. Looks like a good one. What's your opinion?

I don’t think so that by just studying about any of the crypto currency will then help you in knowing that whether any of the crypto currency is scam or not. To know this thing, you must go for investing your money into any of the crypto currency and then, once you will deal with that crypto coin, you will get to know whether it is scam or not. It is better to invest only in reputed crypto coins to avoid any such thing.

[miningguru]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

Just be honest. I personally find it difficult to determine which crypto is scam or not. Because usually if at the beginning, of course, all can promise and do not think it eventually will be a scam.

In the beginning, everything seems to be perfect because we cannot find them they are the scam, scam ICO companies will do same marketing as good ICO companies. This makes to believe them more and people start investing more into it and finally until they scam us.

[dakha]

have you heard about the sparkster yet?
Go and reserch
This is one of the best ico in this year
It has bounty program also
Check it , join it! Now!!
http://sparkster.me/try?r=8AqAIaCO

[ferall]

have you heard about the sparkster yet?
Go and reserch
This is one of the best ico in this year
It has bounty program also
Check it , join it! Now!!
http://sparkster.me/try?r=8AqAIaCO

This crap for a start, never believe any posts like this one with his poor mans referral link

[akram143]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

Just be honest. I personally find it difficult to determine which crypto is scam or not. Because usually if at the beginning, of course, all can promise and do not think it eventually will be a scam.

In the beginning, everything seems to be perfect because we cannot find them they are the scam, scam ICO companies will do same marketing as good ICO companies. This makes to believe them more and people start investing more into it and finally until they scam us.

Yes you are right in the beginning you don't know anything about this but if you have experience in a bit to this then you have a clarity about which is the best and which is the worst then automatically you will be decided this will be a scam this is the best way to get experience in and make and Investment.

[A7373]

To begin with, this is practically not real. But if you are going to invest, it's best to invest in a coin from the Top 10 Coinmarketcup.com