How would we know which cryptocurrency would be Scam?

[19faraon88]

It so hard to find which cryptocurrency is Scam, but for me if the crypto have many discount gave and give-away that's sign of Scam. For you not to be Scam, I think you should search about the crypo you want to invest or you should just invest in the Top10 crypto in the world.

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[kpcian]

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's really difficult to make sure which cryptocurrency could be a scam. You have to go through very attentively of every cryptocurrency's whitepaper. Also, their team combination would be a symptom regarding this issue. So that if you really want to invest your money then you have to select some of the top currency like Bitcoin, Ethereum, Bitcoin cash, Bitcoin gold, Litecoin and so on.

I think over experiment would cause a matter of disaster in this platform. So that you have to stay with recognised and popular cryptocurrency regarding investment and saving. that's why Bitcoin and Litecoin would be the best choice for making an investment.

[imsotiredofmoviereboots]

Check if the volume is high enough and if the team is active. If they are releasing new roadmaps, partnerships and newer versions of wallets then they are very serious to make their project successful. If they don't have all those things then it can be considered as a scam.

[carter34]

Check if the volume is high enough and if the team is active. If they are releasing new roadmaps, partnerships and newer versions of wallets then they are very serious to make their project successful. If they don't have all those things then it can be considered as a scam.

But sometimes at the ico level, you can't really know their genuity. They flag off with high hopes but at the time of being listed in an exchange, they die down. Meaning they made enough of their money and never bordered to continue.

Basically, I think you can know a good coin when they have their own separate wallet be it web or separate blockchain. Also when in exchange, you observe an addition of coin in the max supply - you just know something is fishy. For example, we all know bitcoin has 21million as max supply. So, any time you observe an additional coin to that, you can begin to look for an exit door.

[raven7886]

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.

I don’t think it is easy to tell which cryptocurrency will end being a scam or which one is the best. All I do is invest in cryptocurrencies that has reputation and not the new ones without reputation. I know that the new ones may turn out to be a success tomorrow,  but I don’t care,  I’d rather invest when it's late and safe.

Investing into multiple coins with little amount into them will be some what a better way to safe guard us from not losing all the money at once and at the same time, we will not miss any good project too.

[Honte]

In particular, forms that ask for the same information as your wallet address and private key on your google form are strictly fraudulent.

[Barbut]

In particular, forms that ask for the same information as your wallet address and private key on your google form are strictly fraudulent.

When ever someone ask you for more info than usual, that should sound an alarm in your head.  New icos that ask for more then your address are trying to take info about you that they can use for robbing you later, or making some purchase in your name.
I use this forum to check is some ico is a scam or not, other than that I use my common sense when I read their white paper and road map, if they promise too much I am running out, if not I think its OK. There is no other way to check new ico , maybe if you know development personally that changes everything.

[stomachgrowls]

In particular, forms that ask for the same information as your wallet address and private key on your google form are strictly fraudulent.

When ever someone ask you for more info than usual, that should sound an alarm in your head.  New icos that ask for more then your address are trying to take info about you that they can use for robbing you later, or making some purchase in your name.
I use this forum to check is some ico is a scam or not, other than that I use my common sense when I read their white paper and road map, if they promise too much I am running out, if not I think its OK. There is no other way to check new ico , maybe if you know development personally that changes everything.

In short, with just on our own common sense we would able to identify a certain project if its a scam or not. Asking too much sensible information is one of the indication that they are shady and should really be avoided as soon as possible if you don't like on being scammed by those people.We do have our own responsibility as an investor and we should really have always these steps which is on keep on researching into valid things which would convince you.

[BTC-BTC-BTC]

Scams are getting so good and they are so difficult to identify certain project is a scam or not. I think there is more risk than reward. There is still opportunity to make money in the short term. but, we should do our own research and risk the amount we can afford to lose.

[Koadharber]

Scams are getting so good and they are so difficult to identify certain project is a scam or not. I think there is more risk than reward. There is still opportunity to make money in the short term. but, we should do our own research and risk the amount we can afford to lose.

I definitely agree on your point in here which scammers are evolving into much better and better as the days goes by. If they are being busted up in the past they would create another one which would really be look so legit even experienced users on scam incidents do still have the chance on getting scammed by them again.This is why we should really make some research anytime we do decide to invest.

[StarofBTC]

It so hard to find which cryptocurrency is Scam, but for me if the crypto have many discount gave and give-away that's sign of Scam. For you not to be Scam, I think you should search about the crypo you want to invest or you should just invest in the Top10 crypto in the world.

You can only know whether you are being scammed or not. Other than this, you can hardly know anything regarding any of the crypto currency that this currency is being scammed or not. You main focus should be on keeping yourself secure from such kind of thing as if you will ever become of such kind of thing, then all your investment will be lost and you will be left with nothing.

[binting]

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 i want to know that if im joining campaign i want to know if that campaign is scam so that many people are wanted to knowing to that cryptocurrencies if that is scam but how we to know? Any suggestions about this reply

[etron]

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 very difficult to know that the krypto is a scam or not important you should be careful choosing the right crypto and do not join the crypto based in the country of mexico because there are many mafia to deceive us.

[Ayiranorea]

Very few get termed to be a scam in between due to the lack of development as well other issues that prevail in the market. In specific should not go with coins that promote to make investments without any form of road map for the future.

[sunsilk]

Very few get termed to be a scam in between due to the lack of development as well other issues that prevail in the market. In specific should not go with coins that promote to make investments without any form of road map for the future.

There are also projects that even they have an existing road map they tend to be scam at the very end of their promotion. Finding out a token that is scam nowadays is getting harder, especially those coins that are totally into coming out as a privacy coin.

But to find out if they tend to be a scam, its impossible to find it out at the very beginning of their promotion.

Look closely on their progress and people who are behind their team so that you can find it out if they are legitimate working class or those names are just copied somewhere and their pictures are robbed elsewhere on internet.

[arlington]

personally I am looking to their core team and advisors, their project mission,vision is quite important as well in order to spot the scam and the comments of people who have been in that coin`s ICO before. 

[el kaka22]

Check if the volume is high enough and if the team is active. If they are releasing new roadmaps, partnerships and newer versions of wallets then they are very serious to make their project successful. If they don't have all those things then it can be considered as a scam.

But sometimes at the ico level, you can't really know their genuity. They flag off with high hopes but at the time of being listed in an exchange, they die down. Meaning they made enough of their money and never bordered to continue.

Basically, I think you can know a good coin when they have their own separate wallet be it web or separate blockchain. Also when in exchange, you observe an addition of coin in the max supply - you just know something is fishy. For example, we all know bitcoin has 21million as max supply. So, any time you observe an additional coin to that, you can begin to look for an exit door.

In fact, the ICO level is even the easiest time to flag down a project that is a scam or not. One thing I always say to people is that if your mind is not comfortable with the project and you are seeing the investment you are about to do as a gamble, then do not gamble it.

You can just wait for the project to hit the market, see how it fairs, which is if you have the desire to still want to hold. The team that has worked on a project before and have an old profile with some reputations on linkedin cannot be compared to a team that just opened a professional account. That is a clue to always detect fast before even considering digging further.

[diwataluna]

Scam coins are the ones that have:

a) no website or website that is shady looking
b) no trace to the team (though some good ones have anonymity)
c) no clear objective for the coin or problem to address (use case)
d) sell coins or tokens without project updates to provide

It's not just one of these but has to be a combination to contextualize that a coin is more or less a scam.

[davinchi]

It so hard to find which cryptocurrency is Scam, but for me if the crypto have many discount gave and give-away that's sign of Scam. For you not to be Scam, I think you should search about the crypo you want to invest or you should just invest in the Top10 crypto in the world.

You can only know whether you are being scammed or not. Other than this, you can hardly know anything regarding any of the crypto currency that this currency is being scammed or not. You main focus should be on keeping yourself secure from such kind of thing as if you will ever become of such kind of thing, then all your investment will be lost and you will be left with nothing.

You can’t really which cryptocurrencies will end up as scam, cause they are all the same. Though the best way to tell which coin which will be fake and which one will be original is by how fast it is going and how much of interest people have in it. Mostly those that turn out to be scam are those that don’t have much investors investing in it. But it’s always good, especially if you’re new, to invest only in coins with reputation.

[boyptc]

Scam coins are the ones that have:

a) no website or website that is shady looking

Their website is not secure and don't be deceived by the looks. There are beautiful interfaces that turned out to be a website of a scam coin.

b) no trace to the team (though some good ones have anonymity)

Scams are also grabbing photo's out of nowhere and use it as part of their team.

c) no clear objective for the coin or problem to address (use case)

And they are adding that they are the best and will replace bitcoin soon.

d) sell coins or tokens without project updates to provide

A literal move of a scam.