Is there a fake coin?

[Lima0396]

There are lots of fake coins outside there it takes a lot of patience, research and analysis to know them. They keep telling you to send certain amount of etheruem so that you earned, x10 ó the tokens, most of them are scam they just want to steal your tokens and the remaining few that suppose to motivate them or give them courage, yet they give them peanut.

[kent47400]

if the form Coin might be rare if the coin is fake, but if the token is a lot of fake ones.
let alone ERC20 tokens from Ethereum network, if their ICO is not successful then the token becomes fake and cannot be traded.

[vossybiglady]

You have to be careful buying old forked coins as well.  I saw someone trying a scam doing this.  You really have to be careful out there as there seems to be a scammer behind every corner. 

[senopratama]

the fake coin is perhaps less understood. If the coin has no value or junk coins then that much and not even be a secret any more it is and even circulating. to avoid that then just look at the team and the developer behind the coin. If it doesn't exist or doesn't look good then do not take or avoid.

[mi56374100]

There are a lot of fake COINS and COINS, but not all items have value and real products.

I think it's reasonable to do some research on the project before buying this crypto, which is enough to avoid counterfeits.

[Lillian4real]

Definitely, there is fake, shitty coins and how do you know you have them in your wallet? Any coin that stays in your wallet longer than expected and no sign it's gonna be listed soon is a shit coin.

[AndrewBrown]

What do you mean exactly when you say a fake coin? do you mean scam coins? then yes, there are a host of them. this coins mean no good, and they were  in the first place created fpr selfish reasons. only a few were birthed from a place of good intentions, and didn't just succeed cos of certain limitations or some unforseen circumstances.

[n691309]

What do you mean exactly when you say a fake coin? do you mean scam coins? then yes, there are a host of them. this coins mean no good, and they were  in the first place created fpr selfish reasons. only a few were birthed from a place of good intentions, and didn't just succeed cos of certain limitations or some unforseen circumstances.

If there would be only "a" fake coin that would be perfect but every day there are being created new altcoins which are known as shit coin or fake coin until they prove us the opposite.
Many coins that were successful in the past have been shut down and are delisted from the exchanges because nobody is going to buy it or cost near to 1 satoshi mostly.

[weisner]

Many fake coins develop for a moment, and after the manager has made a lot of profit the coin is left and worthless.
I think fake coins are present in some time and disappear after that so there is no price.

[Shreek]

there is, now we can make two coins with the same symbol but the contract address is different
Now the ID of a coin is a contract address (if in Ethereum)
make sure the coin contract address that you have, must be the same as the contract address that the relevant coin developer informs, so that it can be deposited in the exchange

[nekorakoeora]

the fake coin is clearly just that many sprung up. the more promising field of crypto is going more and more counterfeit coins are also among them. avoid that kind of thing is certainly better with doing the analysis before getting invested in it. This will at least give you an idea of the coin is it worth to invest or not.

[nniecan001]

there is, now we can make two coins with the same symbol but the contract address is different
Now the ID of a coin is a contract address (if in Ethereum)
make sure the coin contract address that you have, must be the same as the contract address that the relevant coin developer informs, so that it can be deposited in the exchange

Yes it is, when we're not see this correctly, it will certainly trap us. While there are now a lots of new shit coins in the market that don't have a good dev team background. Maybe we can makes an addition a fake coin symbol on their main coin symbol which uses the same name ID as the another previous coin

There's a quite not seen difference about this thread, fake coin is such a coin that does not exist or to be simple " a scam project". Which is different to a existing coins but has a low value or near to be useless "named shitcoins". Shit coins is existing but the real product or the service are too slow to develop or mostly they don't want to develop it at all. All they want is the money from investing, which is turn to a disaster. But like I said, that is not a fake coin.

[Tiger Baseball]

What do you mean by fake coins?
I think the coin is not fake, it's just that the coin didn't develop because the development team failed to manage it. Indeed, coins are difficult to develop, and many things hinder these developments, leaving the team and its holders.

[visionE2]

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

there are so much fake coins (shitcoins) until this time, i avoid it through my own analysis, such as learning the whitepaper, looking at the website closely and also finding the information about team

[sekop]

The cause of the decline in market prices that have taken place in the last few months, one of the causes is because the circulation of coins and also the fake ICO in crypto has been more intense. The negative impact makes investors reluctant to invest because the expectation of getting a high amount of profit is very small.

[importantV]

The cause of the decline in market prices that have taken place in the last few months, one of the causes is because the circulation of coins and also the fake ICO in crypto has been more intense. The negative impact makes investors reluctant to invest because the expectation of getting a high amount of profit is very small.

maybe you right, when the project is fake and dev sells the results of the funds collected causing prices to fall, because they commit fraud to investors and infestor trust is getting smaller.

[anafiene]

Indeed, many new coins have sprung up and this is a lot of coins left behind because there are no developers or managers who manage them so they don't have any coins.
To prevent it, do not give the originals or plunge into the coin, start learning the coins in each place.

[Cryptolord_ng]

Yeah! They're lot of fake coin, some are to collect your data's while some are to scam investors. Always make sure you do a proper research by checking the team behind and if the project already have a working product before joining a project

[ukolonka]

I met identical coins on the shoals. if it is a coin in the etherium network and there is an opportunity to compare contracts, I always look that I would not lose my money. but it's best to go into the chat and ask the admins whether their coin is traded there

[Heruwa]

Coins that do not have many communities, the coins will be removed and eventually disappear, let alone the project team is unable to develop.
Coins that are unable to compete will lose and lose along with time.