How would we know which cryptocurrency would be Scam?

[catsmile]

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?

It is difficult to determine if the coin you are investing in is a scam or not. So when it's "not cheated yet", try to make a profit from it. Then invest in something more reliable

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[Pechalka]

You just need to analyze the company, which made this crypto. If they still work about their coin, it has so less chances to be a scam.

[iTradeBit]

You need to find as  much info about the team as possible and check the sites

[Ionzar]

It is necessary to remember the risks when working with cryptocurrencies. No one can say for sure which project will turn out to be fraud. In any case, we can only reduce the risks associated with investments, but we cannot completely eliminate them. To minimize risks, you need to carefully study the project, its ratings, information about developers and technologies.

[Siegtal81]

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?

Today it is necessary to take into account the relatively high risks in practical investments in any cryptocurrency. Unfortunately, to identify a fraudulent project will be quite difficult. Although you can use some universal methods to reduce such risks - including exploring information about the developers, platform, technologies and future development plans.

[yndye]

It is necessary to remember the risks when working with cryptocurrencies. No one can say for sure which project will turn out to be fraud. In any case, we can only reduce the risks associated with investments, but we cannot completely eliminate them. To minimize risks, you need to carefully study the project, its ratings, information about developers and technologies.

Due diligence is very important when it comes to investing. It doesn't matter if you are investing money or investing time through participating in bounty campaigns because when you spend some time in the project, you should so some research about it to know if it is worth it. You need to have some criterias before you decide to invest in a project. As for me, it is already a red flag when the team is not answering the questions in the community and they would block someone who will ask some negative questions.

[popox]

From my point of view it coould not be found as soon as possible because the time is the most singificant characteristic that could open all minuses of the coin and its being a scam.

[romeolopez21]

This information could be got from participants of the project or from experts who are interested to say the truth. Other variants are not reliable and cool.

[aces777]

There are a couple of ways to help you determine this but you would have to be willing to do a lot of research to be able to know which of the coins are worth putting your money into.
Good icos always have a good product to offer, a product that is going to be able to last for years and sustain the coin for a long time
You might want to look into the social media profiles fo the creators to make sure that they are actually legit

[masterfu678]

In the current realities of the market, you need to work very carefully and carefully to avoid deception and the loss of your money. In any case, you need to conduct a thorough study of the specific project. This includes information on developers, technologies, development strategies and objective ratings.

[Hiylchis]

It is impossible to say for sure which project will be successful and which one will be fraudulent. In any case, you need to carefully select any selected project. Before you start investing, make sure you have a good project concept, qualified developers with a good reputation, useful technologies and detailed strategies for further development.

[Latviand]

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?

It would be hard to determine. Usually, a project is becoming officically a scam in the middle of the project's progress whereas some investors have already invested. One may only make assumption by checking the project's background particularly with the credibility of the team behind it. But majority of the projects still are not scam and there are only few based on my experiences so it should not be a reason on not to invest if you are aiming for profit.

[cryptolidus]

Many projects are struggling and some of them fail. The success of a project depends many on their leaders and the development team behind. If you want your investment to be safe always follow up on the development progress, how active the team is.

[Aneuk cabang]

basically no crypto is a scam. unless the crypto project that is being developed is possible for a scam after deceiving investors with an offer of big profits.
for example such as the "online jury" project which was won by sylon last year, but the developers only deceived the ICO participants and bounty participants online only, and now the developers release JOT tokens at high prices to take advantage personally.

[EmmanCryp]

There is no crystal ball to determine or know which crytpo will be successful or turn scam. All you need to do is to do your homework on any coin you wana invest in and be sure it has a purpose or usecase that can be sustained for the foreseeable future before you invest your 1 cent.

[andika2018]

Its hard to select good coin between more than 2000 different coin and token in market. But i am always choose top 200 coin in market cap. Its because top 200 must be have good liquidity and having a lot investor

[cahbagus555]

Its hard to determining some crypto become a scam crypto. If we want to safe our investment, better choosing top 100 coin in coinmarketcap. That coin have big market cap because many investor investing their money on that project and i am believe they already made a good research

[kaizerblitz]

Well you will see if the project is scam is there no more updates about the project the roadmaps seems not promising the coin are continue to dump and the price is still low and the exchanger decide to delisting the coin all of that are the sign of scam coin.

[MrPiggles]

Well you will see if the project is scam is there no more updates about the project the roadmaps seems not promising the coin are continue to dump and the price is still low and the exchanger decide to delisting the coin all of that are the sign of scam coin.

All ICO projects are in the hardest stage and this helps us to identify good ICO projects and ICO Scam projects. I think the market is down so people do not have confidence in ICO projects anymore because the demand for investment this year is very low and the number of investors are leaving this market so much that the ICO is no longer new investment direction this year

[kjnfmplm]

Doubt everything. Suspect everything. Think every project is a scam. In that way, you will be careful on what you are joining. Research is your best way to find out if it is really a scam or not. I think that's how you spot a scam.