How would we know which cryptocurrency would be Scam?

[Kevin77]

To be honest i actually check all of those you mentioned above but unfortunately i have Still been scammed on the past. that is why i can say that it is really hard to find out if a coin or crypto is a scam. but i now learned my lesson , that is why i didnt invest immediately to an unknown coin even if the specs is good or the supply is low. i now only focus to bitcoin and etherium because im confident that my invested capital wont be wasted.

There is no way you must have checked all of that and you will still be scammed. I have been an ICO investor for a while now and the only time I ever got scammed was the day I decided to drop my principles and just because I fancy the product, and then after the ICO, one thing led to the other and the team bailed out on the project after it got listed on exchange.

There is no way you will confirm if a team is solid, with a lot of past achievement and still get scammed by such team (LinkedIn is always there to know that, but run away if the account is new). I do proper digging on the team, after a little knowledge of the project before even going into the detailed part of the project.

[Rampagoe004]

if the first lot of projects that eventually carried a scam, now many projects that are qualified with the advantages of each,before we follow the project we first see more detail jagan origin we come, see who is managing and project is transparent

[icocryptoview]

Lot of the members already pointed out various reasons
Would like to add
a) If it sounds too good to be true, then definitely it is not true ; Else they would not have come through the ICO mode to look for funds
b) Team , Team and Team: Will will be difficult to find out that ones that are likely to scam then find out the ones that are unlikely to scam ( so can be used only as a filtering criteria) .
c) Working product: If it has a working product or a beta version then unlikely they will scam as the benefits of the project would be more than they will gain from scamming

[EdenHazard]

Really it is the main problem with crypto currency. And it is very difficult to check the lagality of any currency.The only method is to read various blogs and to know majority opinion on board.

those crypto that has no clear goals are the one that will turn scam in the end, i always look at that factor for simple analysis. you can mix it out with other factors as your personal indicator , it is not guarantee anything but at least you have a standard.

too many crypto popping up and has no function at all , it makes the crypto ecosystem turn wild.

[DU18]

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?

First of all I look to the Team member and their profile.If I feel valid then I do research on social media about the project.Most of the times, scam project will offer you tokens in very low amount.Also you won't find professional work from them.Their website will be also not to upto the mark.You will find many bugs on their system.You can also seek experts permission before investing on any currency.On digital world scammer can't stay many day's.

[jtbcoins]

I think 80-90% of altcoins will worth nothing at the end of year. I prefer to hold Bitcoin or Ethereum.

[bitgolden]

Well obviously some cryptocurrencies are introduced with a foundation to scam investors, but thats very few compared to the number that is actually introduced for a good purpose. Well as for those introduced for a good purspose one of the reason they finally turn out looking like scam is the fact that couldn't meet the expected target so the coin ends up being almost worthless. At such situations some the cryptocurrency inventors gets discouraged and closes the campaign with the little they have earned.

It is really very much difficult for anyone of us to get to know about this thing that any of the particular crypto coin is scammed or not until and unless we fall victim of the scam of that particular coin. Just by looking at the coin, it is very much hard to predict anything like that.

However, you can get to know but for that you need to experience that coin first and then can let others know about that scam.

[rhayot]

It is really hard to find whether the cryptocurrency is a scam or not but you can check their sites with great whitepaper and platforms, you can make a comparison to those cryptocurrency that you've encountered. And also the most easiest way to determine if the cryptocurrency is not a scam, you can check in coinmarketcap because all good cryptocurrencies are listed there.

[eann014]

We can see a lot of scams on altcoins section, especially to those who offers airdrops. You can still notice if they are legit or not. Just read all about their campaigns, and look at their spreadsheet form if they are requesting with your private keys. Don't ever give your private keys because private keys are just created for your security.

[niceone]

Well to be sure check the background of a cryptocurrency a lot of crypto is  not a scam it's just that sometimes their project failed so by checking the background of a crypto and it's whitepaper you will have the idea if this coins has the potential to rise or it will just gonna end up crashing, another thing to look out for is the research team of the project or coin try to search about the background of the people that created the coin it will help you see if the coin will gonna crash or it will gonna rise.

[futuret]

We can see a lot of scams on altcoins section, especially to those who offers airdrops. You can still notice if they are legit or not. Just read all about their campaigns, and look at their spreadsheet form if they are requesting with your private keys. Don't ever give your private keys because private keys are just created for your security.

It should be the public key which has to be involved on the public platforms and never a private key, so first of all do check the security because this is what effects us the most in all the way. After that you can see the papers published and what is the system on which the currency is working. Never go for the shortcuts in this because to get the heavy profits fortnightly, we always end up loosing the money in our hands.

[VclDm]

Well to be sure check the background of a cryptocurrency a lot of crypto is  not a scam it's just that sometimes their project failed so by checking the background of a crypto and it's whitepaper you will have the idea if this coins has the potential to rise or it will just gonna end up crashing, another thing to look out for is the research team of the project or coin try to search about the background of the people that created the coin it will help you see if the coin will gonna crash or it will gonna rise.

Be sure to always check the project thoroughly before investing, but sometimes you also encounter some fraudulent projects. What you need to do is keep track of the project so you always know how the community reacts to the project to make the most accurate decision. Currently the cryptocurrency market is receiving great attention from investors so it is an opportunity for fraudsters to take advantage of the property of others.

[Bitlord88]

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?

No crypto currencies are scam,everything is real.But the truth is that they will lose their value in some years this caused by decrease in the demand of the coin when days passes.So it is very important to pick the right coins by means of future usage.
Many coins are created for the sake of just earning money so they will left the coin without any development once they got enough profits from the project.So we have to pick the coins with good development team.

If you still want to invest on good coins you can pick the coins based on their market cap value so the chance of losing your investment might be less.

I agree with this, almost most new cryptocurrencies just exists to topple up what Bitcoins standing in the market is, those nuisance cryptos take the chance that maybe they will do have the same market share as those high players in the cryptocurrency market. Personally I think it is better to invest to those sturdy crypto just like Bitcoin as these are sure to grow and expand even more and become more stable in comparison to other  cryptocurrencies.

[tabas]

I think 80-90% of altcoins will worth nothing at the end of year. I prefer to hold Bitcoin or Ethereum.

This is why I prefer most with bitcoin and just forget and abandon most of my altcoins and sell it. Most of the scams can be found through ICO's, there's a big hype of the ICO and it is making the whole crypto market big because projects are popping like mushroom everywhere, every hour.

[katrimans]

The only ways you can identify cryptocurrencies that will turn to be scam at last is just by falling victim of their scam, or getting early information from someone who did, unless you’re too smart. If you’re smart, then you already know what to do, the strategies you can use to uncover their dirty secret.

First thing you will notice is that they always look unprofessional. No need to go further, some people already mentioned them.

[cp3mc]

Crypto scam is real and it's heart break to lose your money. We have to me extra vigilant to trash out the bad cryto project. The future is bright and we have to put things in order from now

[amih]

a failure in a project because the lack of interest from some investors who want to join in the development of projects that use crypto based system this raises a problem that causes losses from some investors who have invested in the project. so I think the thing that needs to be done to find out if the crypto is a scam or not of course before you join the project should be the most important thing is to do a research on the project being developed in detail so that you can know the objectives to be developed by the project.

[etron]

there really is not a crypto project scam, because they have experienced a decline of currency from the investors, so the project is considered a scam, if you want to invest your money better be careful, you better research first before starting investing that project is good or not.

[Arkham Knight]

Look for red flags. Check if they really have an office because it's the usual setup of a scam crypto. And another one is fake profiles. Their names should come out anywhere when you search them on the web.

[Kevin77]

there really is not a crypto project scam, because they have experienced a decline of currency from the investors, so the project is considered a scam, if you want to invest your money better be careful, you better research first before starting investing that project is good or not.

There is always going to be scam and what you said is even contradictory. If there is no scam, then why would you need to do research before investing ?

A lot of investors have been victim of scammers who gave them promises and immediately after the ICO carted away with a lot of the investor's funds. As long as you do a thorough research and taking the originality of the team into consideration first as well as all the achievements they have had in the past, it would make it easy not to fall victim for such scams.