How would we know which cryptocurrency would be Scam?

[DiabolicAnt]

Crypto currencies cannot be scams, but projects can. You have to learn carefully about them and look at their content just to make sure there is a good stable base to start the project. Of course you may make mistakes and there are no guarantees that everything will go ok.

[_Gajah]

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?

We can place anywhere our coins, what we need to learn is how many investors who have the coin if the coin is sold a lot of coins is certainly not a scam, but if investors a little we need to be careful, if we lose scam but if not a scam you are lucky because in the future it will have a good value.
hopefully help a little.

[paimen]

If you make an investment make sure you have studied the project you are going to invest.
Do not let you make a mistake in choosing the project.
Make sure the project has a good concept, consisting of a team of professionals and experienced in Cryptocurrency,
and make sure the project has reached a soft cap.
I think if you have confirmed these things then you will avoid the scam.

[Marcel666]

Most currencies lose value with time, sometimes because there was no working product and long term target.
Research on the project, the team, the process.
You are looking for a notable team, with a working product and commitments.

[furkantugra]

The only way we can differentiate legit cryptocurrency from a scam is by reading more about the project and the integrity of the team behind such project.Because it is very painful to waste your time and other resources on a project that is not paying.We should always do a background check well before trusting a particular coin.

[Cryptoratty]

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?

By conducting a detailed research; reading their white paper, checking their road maps, Is the team reliable(And by reliable I mean have they got some good projects in their portfolio) and checking their ratings on ICO rating platforms such as icobench.com, icodrops.com, Icocreed.com.

[Bet9ja111]

When investing in, there are pointers that indicate legit ICOs.
Scam ICOs won't have reputable members in their team.
Also the projects social media accounts are usually misinformative, and unresponsive.
A scam project usually doesn't have a working product that targets a long-term solution.

[MascharonoM]

The better way is to research white paper in order to judge for a good ICO project. I already did for a project SciDex. Looks everything legit and genuine.

[SergeyGvo]

It is necessary first of all to look at the technology of the coin itself. The team that leads this project, the road map. generally in general to study the market. Many startups go well. I wait when finally the correction is over. I like the green market more

[HiamPlutooo]

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?

acctually when cryptocurrency had appear in the market, it's not scam. Just when the price down, the value of it was lost.

[BitcoinCommodor]

The better way is to research white paper in order to judge for a good ICO project. I already did for a project SciDex. Looks everything legit and genuine.

I think it is hard to find which cryptocurrency is scam. I usually use to observe market cap of a currency and mostly I think that one should invest only in famous currencies like, bitcoin, Ethereum, Ripple, Litecoin and many more. No need to invest in any anonymous crypto to avoid yourself from scams. This is the best way in my opinion to be safe.

[twitchtver]

This is an important topic. However, we need to understand when to call a shitcoin, scam coin or fake. This mean different thing in different sense. I guess scam is promising a value and not delivering and probably going away with people's fund from ICO

[xxlouisxx]

You will never know if the crypto is scam or not. You can check their spreadsheet if it is updating or not you also check some review on their projects. You can also check how many join the project we can never tell until the project ends. 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

[think3214]

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. 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

[jsrenthourse]

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. I have not seen an ico asking for private keys but any ico doing that should be immediately labeled as a scam since there is not a reason for them to be asking that

[Rocktop044]

When investing in a speculation, or a new ICO, it is difficult to predict, the future outcome, you can check the parameters and decide whether it has a good layout, but that doesn't guarantee that it would survive when in the market.

The most effective way to avoid scams and failed projects would be to invest in already established altcoins, and top currencies.

[Activitycoin]

The better way is to research white paper in order to judge for a good ICO project. I already did for a project SciDex. Looks everything legit and genuine.

I think it is hard to find which cryptocurrency is scam. I usually use to observe market cap of a currency and mostly I think that one should invest only in famous currencies like, bitcoin, Ethereum, Ripple, Litecoin and many more. No need to invest in any anonymous crypto to avoid yourself from scams. This is the best way in my opinion to be safe.

Yes we need to be very careful to avoid scamming you should make complete research on their team their social media platform, you should investigate their profile link, we should not trust anyone, it is very important to be friendly while dealing with bitcoin investing, it is not simple so be very careful no need to share about your private information related to bitcoin with anyone who is unknown to you.

[SerkanD82]

Certainly white paper should be looked at and road maps should pass. In addition, information about the project team should be collected. Finally, it is important to look at whether the project has an investment plan to claim money.

[alexs_03]

I just hope ,the subject is gaining its popularity so more and more people start investing in crypto ico, i myself invested in several projects because i believe it's legit and worth the money

[NinjaCryp]

There are many altcoin who have disappeared after a while. it's true. But there are many problems when a business fails or it is not viewed as a scam. But in the crypto market, scam is always a sensitive isue. There is no solution to verify scam related issues. You should be vigilant and trust high altcoin on the cmc.