How would we know which cryptocurrency would be Scam?

[The_Dark_Knight]

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 you are that worried about choosing the wrong coin to invest then invest in the coins with the highest market cap, of all the coins at the top the only one I'm not convinced is cardano it seems like a good project but I do not think it deserves to be that high, but most other projects seem to be very solid and are not scams that are going to steal your money.

[1714468469]

1714468469

[wumijane]

I am new to cryptocurrency and I have the same problem of knowing which ICo to buy or which forms to fill for Airdrops

[RAAAMA]

For me, I think the whitepaper is the best place to check if the company is really something that is valuable it really true to its promise. Scam are just promising high return and it will drop hard for sure.

[copypaper5]

Generally sites on the internet only use paypal as a payment system.
I found a lot of bitcoin based cheating whether it is cloud mining, invest, HYIP, money duplicator, and traffic exchange.
One of the easiest ways to view site templates, generally sites that deceive templates copy paste from the original site.

[Carmen01]

It turn to scam because the developer of the coins can't handle the coins another thing is if the coins not become popular to many users i'm sure it will turn to no value in the future,it also needs a lot of money so i think some developer create that actually to scam other for their own good.

[reck1ess]

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?

In what i have understand, you are trying to address on ICO, which are the upcoming cryptocurrencies. For the cryptocurrency that is already out as we all know are legits. But the ICO are different for some people are using ICO then running from their investors before the project gets to launch.
And on what i have learned, to identify how legit the ICO is to read their whitepaper and check if it is close to reality.
Check the soft cap and the hard cap observe if the project have potential on reaching it.
Check the team members behind the project and look for their profiles on social media. Some other doesn't post their profiles though.
Find a whole of their project and ask questions.
And dont get tempted by high ROI without really knowing the project.

Hope this will help you.

[GangNamSK]

I am new to cryptocurrency and I have the same problem of knowing which ICo to buy or which forms to fill for Airdrops

Yes, this is a very difficult issue. Since the cryptocurrency market was born, analysts have identified and judged that investment is fragile and unstable. However, this is a great opportunity and potential. Create the interest of investors. That creates scam threats on the cryptocurrency market. ICOs are difficult to probe and oversee in the cryptocurrency market. In addition, some issues of hacker attacks also indirectly cause serious consequences for cryptocurrency.

[Jorosss]

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?

Stick with the coin that have a good active and experienced team. Mostly those are coins last long and always a succesful coin for a long term. Just dont buy if you think that the offer is too high and too good to be true, mostly those are characteristic of scam coin. And lastly avoid ponzi scheme like coin

[SirLancelot]

I am new to cryptocurrency and I have the same problem of knowing which ICo to buy or which forms to fill for Airdrops

In the world of crypto currency, there are number of people who are doing scamming and are getting the money from others by trying different kind of schemes.

The only thing which can help you to stay away from such kind of frauds and schemes in order to save our money is none other than that of having some good amount of knowledge about the things. If you will be a learned man, then things will be not much difficult for you.

[hungchenyao]

If find People buy have bonus！i think like this Almost is not real good coin

[bhadz]

If find People buy have bonus！i think like this Almost is not real good coin

Those bonuses are way to attract more investors to buy and join the ICO. Legit ones does have those bonuses and also a fake one will offer the same thing.

For me, I think the whitepaper is the best place to check if the company is really something that is valuable it really true to its promise. Scam are just promising high return and it will drop hard for sure.

Whitepaper is still not enough to know if an ICO is scam. But there are some hints when you have read everything on whitepaper still its hard to identify if a coin is just a scam but with the help of the concerned citizen in the community, we can bust them out.

[Granxis]

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?

Too much crypto money is not a bad thing, but over time the non-original crypto money will decrease. The crypto money, which is the same as the one, does not give the user anything, the similar half of the 1,500 crypto money is similar.

[yvesp110]

I am new to cryptocurrency and I have the same problem of knowing which ICo to buy or which forms to fill for Airdrops

Yes, this is a very difficult issue. Since the cryptocurrency market was born, analysts have identified and judged that investment is fragile and unstable. However, this is a great opportunity and potential. Create the interest of investors. That creates scam threats on the cryptocurrency market. ICOs are difficult to probe and oversee in the cryptocurrency market. In addition, some issues of hacker attacks also indirectly cause serious consequences for cryptocurrency.

Scammers are everywhere especially when it comes to that of the electronic world and the world that is there on internet. Since crypto currencies do need to have an internet, so they are more exposed to all the scammers and there are people who are trying out different sort of techniques in order to become the owner of the coins which are actually od someone else. All of us definitely need to be well aware of such kind of people in order to keep our bitcoins safe.

[Kawasanz]

Transparency, decentralization, has been alluded to by the cryptocurrency carrier project. These two things must be a benchmark. function, of course, so that the public can see, and provide an assessment of the feasibility, security, good prospects for the future or not, and know the typical cryptocurrency offered.

so in general, by knowing the character of how the new project cryptocurrency, is the most appropriate thing to be able to see how to ensure crypto or not.

[portotoi]

I am new to cryptocurrency and I have the same problem of knowing which ICo to buy or which forms to fill for Airdrops

No one will ever know of a certain ICO if it is a scammer or a true ICO. But for me a specific ICO is real if it has a website and a Whitepaper and has a roadmap. That is the thing I consider to verify if this is not a scam.

[Nahl]

nobody know early altcoin project will be successfully or being an scam altcoin but you can minimize the risk with do some research regarding upcoming altcoin project but it will not ensure you will get decent answers however you can check the feedback from this forum to determine the particular coin will scam or not and i think many people are willing to answers it

[rickadone]

nobody know early altcoin project will be successfully or being an scam altcoin but you can minimize the risk with do some research regarding upcoming altcoin project but it will not ensure you will get decent answers however you can check the feedback from this forum to determine the particular coin will scam or not and i think many people are willing to answers it

Detecting early will become possible only if a crypto currency is coming from a known team of scammers. Other than that there would be no significant methods to find out which coin will be successful and which one may go scam. That is the reason many people are afraid to invest with new projects.

But, when a new project is coming up with strong concepts and backed with a good team then we can freely go for investing with them. Still, anything may change over the course of time so we need to invest only what we can afford on the event of losing.

I do always ask for the opinion from my group of friends. Only based on their suggestion I do choose ICOs. So far, they are all good with their predictions which helped me making some decent returns out of my investments.

[jossiel]

No one will ever know of a certain ICO if it is a scammer or a true ICO. But for me a specific ICO is real if it has a website and a Whitepaper and has a roadmap. That is the thing I consider to verify if this is not a scam.

Looking at the white paper and road map will not help to find out if the ICO is just a scam and doesn't have intention to move forward with what they are planning.

The only way to know if a project is a scam through this

Detecting early will become possible only if a crypto currency is coming from a known team of scammers.

Scammers will be scammers and if they are done with their past scam coin, they will generate a new one to scam more money.

[Sadlife]

There are some crypto currency that are made to scam people in order to make profit so they make it crowd funded and when they reach their desire market cap it turns into a scam. But you can check if a project is legitimate by doing some researching checking they're development team, White paper, if the token can be merchandise and has good technology to it.

[andrei56]

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 you want to play it safe in digital currency,
is a bitcoin that has a great chance to make a profit and not a SCAM.
but if you want to gain multiple benefits,
look for a promising project because there can be very visible if the project is potentially a scam

Bitcoin is the safest bet that is true and with the current price this seems like the perfect opportunity to enter the market but at the same time if you are a true investor then that means we are always looking for opportunities to make the most money in the shortest amount of time, so the best strategy is to invest some of your money in bitcoin and the rest in altcoins and the proportion will depend in the amount of risk you want to take.