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Author Topic: Is there a fake coin?  (Read 2788 times)
citydragoon
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October 24, 2018, 09:46:16 AM
 #421

It will be very hard to avoid them because fakes are too spread now and it wiill get a lot of time for analyzing to understand is it a fake or not, if you don't want to spend a lot of time, use old coins.

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October 24, 2018, 09:58:53 AM
 #422

Checking the coin is the most necessary doing before the joining to it. But I don't like to do it so I use checked coins like EOS, BTC and so on. They are more responsible.
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October 24, 2018, 09:59:05 AM
 #423

There is no fake coin, we only have scam coins, these are coins which are made solely for the purpose of raising money from it and not doing what they have promised that they would do. A fake coin would imply some kind of counterfeit coin which is where cryptos are very good because you cannot make counterfeit, you are going to have to make an entirely new coin
I strongly agree with your opinion that "no fake coins" with a scam coin may be many, because with a fake word automatically shows the coin made twice or falsified, but if the coin is a scam or a new coin, it shows that the coin made only to attract investors to invest but no coins. or even the opposite.
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October 24, 2018, 10:17:06 AM
 #424

Counterfeit currency should be there, but the code name will not be exactly the same, as long as we usually pay attention to it. For example, BTC1 and BTC are not the same coin. But BTC1 is also a token or a coin, but no one knows what it is.

Ini35
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October 24, 2018, 08:02:19 PM
 #425

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?
Definitely there are fake coins. These most time happen to tokens using the ethereum platform. There might be an original token and some scammers would create theirs in order to deceive novice into buying from them.
Which ever coin you want to buy, check if it is listed on coinmarketcap and get the exchanges on which it is listed.
If you want to buy such coin on exchange while not listed on CMC, you can check the contract address and compare with that of the project team.
djsugar
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October 28, 2018, 03:19:11 PM
 #426

It isn't really fake coins, there are many coins with shit idea backing them. Such coins fail to maintain their price point and usually have no community support. Investing in such coins can turn your investment to 0 in a few weeks. Only way to stay safe is doing a due diligence before investing.
cupruri
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October 28, 2018, 03:21:32 PM
 #427

It depends on what is the fake coin? In my opinion, the fake coin is a coin, that does not have a working product and a healthy community. The market is overwhelmed with such coins and we need to change it or we will never reach the mass adoption.
tisoysoy
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October 28, 2018, 03:22:32 PM
 #428

It isn't really fake coins, there are many coins with shit idea backing them. Such coins fail to maintain their price point and usually have no community support. Investing in such coins can turn your investment to 0 in a few weeks. Only way to stay safe is doing a due diligence before investing.
Yeah, there's more fake coin here that not having a value in market or the price of a coin was fall. So if you would like to buy make sure to buy those potential coin that was already proven to exist more years.

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satgoldan
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October 28, 2018, 03:55:29 PM
 #429

There are no fakes, there is some shit  Grin
I do not think that fakes are a real problem, except for headless beginners. It is worth paying attention to the problem of scams, lol, and not to this nonsense.

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coino.org
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October 28, 2018, 04:09:42 PM
 #430

Yes, some coins copy name and they looks similar, but smart contract is different, so you can simply mix both coins and lose money.
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October 28, 2018, 04:20:30 PM
 #431

Most counterfeit coins (tokens) can be understood as fake, fraudulent ICO. There are coins with a similar name, but it is a fake can be found not so often.

Cyptobonds1
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October 28, 2018, 04:24:51 PM
 #432

I don't know why you guys just ask questions that seems not relevant at all, imagine someone asking if there's a fake ico Boy you know what try to invest in some self drop called ico and taste the real meaning of a project being fake or not. I just pray you never encounter fake project but how far will you grow if not.

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October 28, 2018, 04:42:45 PM
 #433

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

I think there are few coins which are consider as the fake coin. Maybe people consider as the fake one because of they are less value even no value at all. The management of the coin still bad. Some of the coin manage by scammer. It makes so many people do job for nothing.

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October 28, 2018, 05:09:13 PM
 #434

I think yes those fakes coins are token from ethereum smart contract, they are very easy to create, what this scammers do most time is creating duplicate of high profile coin and selling to innocent noobs who haven't dyor before buying into the fake coin.
hamba laeh
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October 28, 2018, 05:25:58 PM
 #435

as I noticed from every coin making project, there is no such thing as a fake coin from every one that appears on the market.
maybe what you mention is fake coins are being investors who are deceived by not getting coins from the project where you invested.

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October 28, 2018, 05:33:27 PM
 #436

I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?
These are fraudulent projects. You should look closely at their team and their route. If you feel it is not right and something is not right, 90% of the project is phishing. Therefore, you should only ask the people who have experienced investing in ICO projects, asking them how to invest successfully. it would be wise to act instead of self-learn.
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October 28, 2018, 05:39:29 PM
 #437

Most counterfeit coins (tokens) can be understood as fake, fraudulent ICO. There are coins with a similar name, but it is a fake can be found not so often.

Fake coins are not lasting as long as the other coins because they have no legitimate product to promote to the investors.

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October 28, 2018, 06:55:35 PM
 #438

You need to be very careful, now a lot of scams everywhere in the world of cryptocurrencies, check carefully any information
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November 02, 2018, 07:33:02 PM
 #439

There are fake coins in the fact that they are scam coins but if you are asking about fake coins like there are fake money then the answer is no, there are no fake coins. Now the only problems we have to deal with in the market right now are scam coins, they are everywhere and they are honestly ruining the market for the rest of us who are here to invest in legit coins
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November 02, 2018, 07:42:33 PM
 #440

Yes sure of course  there are fake coins thats one thing we fight cause they must surely come up but we should be very careful when we buy coins so we dont buy the wrong ones thats we need to do proper market research
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