Is there a fake coin?

[arakuns]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

There are so many fake coins which are sold to investors during their fake ICO. The perpetrators of this fraud will ppretend to organise an ico and sell coin to prospective investors as well as sending their coin to these investors but that will be the end because after that the team will disappear I no the thin air and the coin will just be in the wallet without a platform to trade. To avoid getting scammed, proper and thorough research is quite expedient.

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[Zadicar]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

When we do talk about fake coins then it would include scamcoins or to those coins being created on having that Ponzi scheme just like as a I remembered about  Onecoin and TheBillionCoin. Yes, they aren't real cryptocurrencies but just claiming up to be but on real facts it just using up that name to deceive people and tends to scam on the very first place. Now lets talk on most trashcoins in the market those I do consider to be included on this topic, fake ones are those coins which doesn't really have any value or usage at all. They might have some small value but sooner or later those would be dead anyway.

[ganesh10]

There are definitely fake coins at the moment, a lot of them, practically there are cryptocurrencies coming out everyday and it is logic to think that scammers can also bring their coins in order to steal money and information from the users.

[vvfvcxl]

I think that every coin in the cryptocurrency is a bubble coin. It can be said that they are all virtual, and the risk of investing in them is very high. If you want to invest, please pay attention to the risk and invest carefully.

[harimurry]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

(1) There are lots of fake coins around. Scammers are trying to fool investors.
(2) To avoid falling victim to these scammers, always DYOR, do your own research.

[subG]

There are many fake/scam cryptocurrencies and any more will be created with the intention of stealing money from people.  Protect yourself by researching the projects before investing any amount of money.  Never invest blindly.

[oktana]

Their fake coins that make coins without strong readiness or the correct concept of coins, there are so many coins available online that just throw our money into buying coins, to avoid this best step by looking at the coin community and the platform they have.

[humjeulk]

Positively there are or could be phony coin in light of some trick extends .Those venture in the first place endeavor to sort out a high encouraging prize abundance since they need to pull in a great deal of members yet at last the flee leaving vagrant projects.These venture are phony or the group isn't

sufficiently visionary to put in awesome promoting methodologies to draw in great investors.This will surrender a phony coin and slip away

[Lovecrafter]

I do not quite understand the phrase "counterfeit" coins. Do you mean the same name but another contract?

[EugeneReigns]

There are a lot of fake coins on the market at the moment. The majority of them are the coins released this year after the ICO of the project that stays behind them. After the tremendous success of plenty of projects reached by the ICOs launched in 2017, a lot of companies decided to enter crypto and blockchain market in order to make a fast fortune without any significant contributions in it and without any essential knowledge in this area. For that reason, they fail.

[iotic]

Fake coin ? Did you mean scam? There are so many coin and someones has not a project, they just a scam. There are many topic about scams in forum.

[Beazerdred]

Yes, there are many such coins, many users simply do not want to study the project, so they fall on such coins. Study projects closely monitor them and you do not fall for such coins in most cases

[Tiigon]

before buy you should research about the coin project team and road map.if it is clear we can tell the coin is good and real one ,if their is no team and no project behind the coin we can say t is a fake and dead coin,so do  your own research before buy

[RoftheN]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

I don't know if by fake you mean counterfeit, if so then now, the point of cryptocurrencies is that no one can be able to make more of the same coin anytime they want but there are  a lot of scam coins in the market which is the coins that you would want to avoid investing in. These are the coins that have no good products and are run by scammers.

[AVAMONEY]

Of course there are, even in large numbers. Think carefully before you invest in coins, always be careful in dealing directly with these coins because this can change your life poorly.

[kenlee90]

Ofcourse it is. Because the basic of blockchain is creating a direct market to seller and buyer then there is no control about fake coin.
Problem is that you should choose the best coin to inevst in.

[Mancung]

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

A lot of fake coins out there, for example they are did distributed the tokens to investors and bounty hunters. But after they distributed, thats all. The teams were gone with no updates, news , no exchangers.. Nothing.
We can called it a fake coin right ??

[shadowdio]

Yes there are many fake coins these days that not increasing anymore they just made that coin to scamming people, mostly victims are no knowledge about cryptocurrency. To avoid buy fake coins just make a research for that coin so that you know if it is legit.

[RichardScott91]

I think it is not the coin that is fake but the project and the team behind it because each coin in order to be listed in the market will definitely become legit first but scams happen whenever the team behind happens to plan to just get initial investors.

[Topilsimn]

I think what you mean is the manner by which to maintain a strategic distance from valueless coins. There are a few ventures in the encoded world that are totally air and have no particular business or network support, and a large number of the early coins are currently at near zero, and these are useless coins. There are some new coins as of late. Perhaps they pay a few expenses when they enter the trade. We should focus on not getting them.