Games.Bitcoin (OP)
Member
Offline
Activity: 322
Merit: 11
Tontogether | Save Smart & Win Big
|
|
January 23, 2018, 02:07:53 PM |
|
I think we need this stickied.
We need a guide to safety looking for alt coins, knowing what to look for in order to identify a scam.
First rule; Spelling errors.
I am very new to alt-coins, so I'm sure many of you have some advice to give.
|
|
|
|
Hiromono
Jr. Member
Offline
Activity: 65
Merit: 1
Bitcoin 2 Team
|
|
January 23, 2018, 02:16:41 PM |
|
Some factors: - Copied website. (There's at least one bitcoin fork that simply copied bitcoin cash's website and did very little modifications on it.) - Copied coin with little to no modifications from the coin that it was copied from. - an ether token claiming to be the next Bitcoin. - Very high premine. - Too ambitious compared to what they have developed already. - Trying to "bring blockchain technology" to some industry where it is not useful.
|
|
|
|
coinamu
|
|
January 23, 2018, 02:31:17 PM |
|
To avoid scam project here my advice : 1. They have refferal system ( not all but i really hate this thing) 2. Give you big bonnuses for presale like 50 to 100% bonus. 3. Poorly design website 4. New create twitter account ( can be variable but dont focus in this one) 5. Their team unprofesional, and unknown 6. Their mission is to big and seems unreal and cant be happend.
|
|
|
|
Harry_no1
Jr. Member
Offline
Activity: 77
Merit: 1
|
|
January 24, 2018, 10:20:40 AM |
|
1.A Guide to Avoid Scams 2.Never Give Out Your Email Password 3.Use Strong Passwords (and Secret Questions) 4.Do Not Buy Anything from an Email You Didn't Ask For 5.Watch Out for Job Postings That Look Too Good 6.Do Not Give Out Your Personal Info or Social Security Number 7.Learn to Use a Modern Browser's Security Features 8.Ignore Web Site Popups Saying You Have a Virus
|
|
|
|
Jarx
|
|
January 24, 2018, 10:29:12 AM |
|
- Copied coin with little to no modifications from the coin that it was copied from. - an ether token claiming to be the next Bitcoin. - Very high premine. - Too ambitious compared to what they have developed already. - Trying to "bring blockchain technology" to some industry where it is not useful.
You just presented us the average modern coin like Ripple, Dentacoin or Dogecoin. A coins with a massive, just monstrous capitalization but no use of that coins anywhere except speculation.
|
|
|
|
GFE
|
|
January 24, 2018, 10:39:02 AM |
|
To avoid scam project here my advice : 1. They have refferal system ( not all but i really hate this thing) 2. Give you big bonnuses for presale like 50 to 100% bonus. 3. Poorly design website 4. New create twitter account ( can be variable but dont focus in this one) 5. Their team unprofesional, and unknown 6. Their mission is to big and seems unreal and cant be happend.
I think that unknown team of developers could be identification of high risk project. Usually I check developers team and its previous projects
|
|
|
|
IMAR
Member
Offline
Activity: 314
Merit: 20
|
|
January 24, 2018, 10:50:31 AM |
|
Thank you for this thread. Your comments is helpful specially for beginners who wanted to invest on ICO's. Appreciate the feedback on this thread.
|
|
|
|
ilnick
Newbie
Offline
Activity: 322
Merit: 0
|
|
January 24, 2018, 10:57:25 AM |
|
You just presented us the average modern coin like Ripple, Dentacoin or Dogecoin. A coins with a massive, just monstrous capitalization but no use of that coins anywhere except speculation. Yes, these coins, with the exception of speculation, do not have value. And we, the beginners, should study criptocurrencies carefully. Do not rely on someone else's opinion - You can be deceived. Later, I hope, we will distinguish at first glance the shit from the nuts.
|
|
|
|
Valzador
|
|
January 24, 2018, 11:01:19 AM |
|
I think we need this stickied.
We need a guide to safety looking for alt coins, knowing what to look for in order to identify a scam.
First rule; Spelling errors.
I am very new to alt-coins, so I'm sure many of you have some advice to give.
I think you should create a thread in Scam Accusations if you want a serious discussion. little tips from me, use escrow.
|
|
|
|
shnyrutti
|
|
January 24, 2018, 07:31:05 PM |
|
I think we need this stickied.
We need a guide to safety looking for alt coins, knowing what to look for in order to identify a scam.
First rule; Spelling errors.
I am very new to alt-coins, so I'm sure many of you have some advice to give.
I agree to you getting this stickied can help everyone here to be less prone to scam and save the time rather than doing scam and wasting their time. Especially to new comers.
|
|
|
|
coinminter22
Jr. Member
Offline
Activity: 30
Merit: 26
|
|
January 24, 2018, 08:01:40 PM |
|
Some factors: - Copied website. (There's at least one bitcoin fork that simply copied bitcoin cash's website and did very little modifications on it.) - Copied coin with little to no modifications from the coin that it was copied from. - an ether token claiming to be the next Bitcoin. - Very high premine. - Too ambitious compared to what they have developed already. - Trying to "bring blockchain technology" to some industry where it is not useful.
Exactly these things bro!
|
|
|
|
Games.Bitcoin (OP)
Member
Offline
Activity: 322
Merit: 11
Tontogether | Save Smart & Win Big
|
|
January 29, 2018, 04:59:33 PM |
|
It's hard for me to tell what is realistic or not when an ICO promises something... Technology is growing at an insane rate rn, so how do we tell what is realistic or not?
|
|
|
|
MartoValenti
Newbie
Offline
Activity: 70
Merit: 0
|
|
January 29, 2018, 06:28:39 PM |
|
In my view the best way to avoid scams is by research. If you make a good reserach about ICO, it's team. Are they competent, are they have a good idea that is realistic, then it is probably not a scam. For me the most important thing is not is the project goooood, but is the project realistic and could it be done by the current team and current technologies.
|
|
|
|
pri3oner
Full Member
Offline
Activity: 504
Merit: 100
Bitgesell (BGL) Decentralized Cryptocurrency!
|
|
January 29, 2018, 06:33:44 PM |
|
I've noticed some aspects that indicate scams like: - fake team. they can put real photos but the description will be a lie. so check photos. - free site hosting. especially w/out security in the left of URL line - silly roadmap or its absence at all - way too much nice words w/out any explanation of the project if u see on of this it's the reason to check it asap.
|
███████████ ███ ████ ❱ Ever wish you could turn back time to when BTC was $1? ████ ███ ███████████ B I T G E S E L L │ Decentralized Cryptocurrency ██ ████████ • Telegram • Twitter • Discord • Thread • ████████ ██
|
|
|
hesham51
Member
Offline
Activity: 504
Merit: 16
|
|
January 29, 2018, 07:08:43 PM |
|
I think we have to add one point regarding the team, they should be seen in video as episodes or in the meetups. Team's profile must be updated in LinkedIn
|
|
|
|
manlyxman
Newbie
Offline
Activity: 168
Merit: 0
|
|
January 29, 2018, 07:12:08 PM |
|
I think we have to add one point regarding the team, they should be seen in video as episodes or in the meetups. Team's profile must be updated in LinkedIn
Agreed. You need to be able to look them up on most social media as well and see their past projects. This sounds like doxing but at least you'll know they're legit.
|
|
|
|
nizamcc
Legendary
Offline
Activity: 1218
Merit: 1007
|
|
January 29, 2018, 07:25:51 PM |
|
Below is a list that you should always watch out for, before buying tokens from an ICO:
- Clone of an already established (old) project - Total coin supply (the ones with fewer supply - between a million and 100 million are good to invest) - Always check for the total amount that they try to gather and compare it with their project - DO THEY REALLY NEED THAT (HUGE) AMOUNT FOR THEIR PROJECT TO BE SUCCESSFUL? - Check from sources and compare the information they give and see if that amount is sufficient (think as if you are the developer/manager of the project yourself) - Hard Cap is a must because projects with no hard caps are just interested in gathering money and most of them probably run away (best example for this was my worst investment - Confido).
|
|
|
|
BitNaija
Member
Offline
Activity: 322
Merit: 10
|
|
January 29, 2018, 07:32:34 PM |
|
It is not as easy as one will think to identify a scam. It is the very amateurs that are easily caught with the numerous points mentioned. There are very clever Dev. Teams that only identified after they had run away.
|
|
|
|
LeroyBro
Jr. Member
Offline
Activity: 168
Merit: 1
|
|
January 29, 2018, 07:35:03 PM |
|
It is not as easy as one will think to identify a scam. It is the very amateurs that are easily caught with the numerous points mentioned. There are very clever Dev. Teams that only identified after they had run away.
Yet, in hindsight, the signs are clear. I guess you learn from experience.
|
============== Interested in ICOs ==============
|
|
|
1 currency now
Full Member
Offline
Activity: 235
Merit: 101
a sharp sword
|
|
January 29, 2018, 07:36:06 PM |
|
I think we need this stickied.
We need a guide to safety looking for alt coins, knowing what to look for in order to identify a scam.
First rule; Spelling errors.
I am very new to alt-coins, so I'm sure many of you have some advice to give.
There isn't any point to having this stickied because any coin that is not Bitcoin is likely to scam.
|
OG member. Brian Ray
|
|
|
|