wolfdragon
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June 15, 2018, 01:11:31 PM |
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I agree but in some points, almost all ICO projects are professionally the same with their presentation. It is really up to all of us which one are we going to choose or should I say taking the risk to invest with. And yes, research will give you a big point.
There are lots of safety precautions to avoid being scammed but there are still some people that got scammed because of unexpected issues like legit site suddenly turned scammed, or serious and legit project suddenly disappeared. Just really need to be more careful.
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a4techer
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June 15, 2018, 01:24:49 PM |
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I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in. This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency: - Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
- Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
- Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
- Check the Projects professionalism (How they handle users, control frauds, etc.)
- Follow their Roadmap and other technical details and see if they meet it on time.
- Look for the projects community and see if the community is active.
- Look for special proof and validation.
- Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.
This topic related articles may help you feel free to check:https://www.entrepreneur.com/article/306563http://strategiccoin.com/3-ways-to-identify-an-ico-scam/https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/Edit:I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them: https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/https://blockonomi.com/exit-scam/https://coinsutra.com/cryptocurrency-scams/https://www.makeuseof.com/tag/common-cryptocurrency-scams/https://themerkle.com/top-3-types-of-bitcoin-scams/https://www.finder.com/ph/bitcoin-scams NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes. Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao. PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us. Its hard to be a victim of those scammers and that was possibility that you lose you hope to invest. I agree to this idea to avoid scammers that you are one of their victim so those who are new here read carefully because this idea was give you a big help and to be safe to those scammers. If you apply this to your self you are not be afraid to invest.
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freakdust123
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June 15, 2018, 01:30:40 PM |
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Nice statements bro and well delivered. for avoiding not being scammed is to be careful everytime.
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saffira
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June 15, 2018, 01:48:58 PM |
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This information is really helpful. But despite being careful, it is really hard to identify which ICO is scam or not. They are really good at disguising which anyone would thought that it is really a good company where in reality they are scams.
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b492222
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June 15, 2018, 01:49:16 PM |
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amazin
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Odlanyer
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June 15, 2018, 03:35:26 PM |
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Nowadays many scammers are evolving to avoid scam check very carefully the whitepaper, that's why many users are get scam because they easy believe because they want to earn money in easy way but ended up being scammed, please check the background of team if the team is didn't give info about each member of the team don't trust easily, check the Social media accounts, If you find it very interesting presentable then join to their and also look for special proof and validation.
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looterrific
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June 15, 2018, 03:41:01 PM |
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This is kind of nice. Thanks for informing us this because most of the time, people forget the most important thing which is critical research. Hey this post is worth merit man because its very informative. I'd merit you if I have some. Keep up the good deeds man.
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Hughes_Ryan
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June 16, 2018, 10:27:02 AM |
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They're getting scammed just only because they never check very carefully the whitepaper which means they actually didn't know what is that project about? All they know is just a name and their money , that's all.
Sometimes a lot of projects use fake whitepaper. I only checked whitepaper for reference purposes. Mostly I will evaluate the projects through the community
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yuni52
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June 16, 2018, 10:29:32 AM |
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thank you for all his information, may be more careful in choosing a project
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wdelius
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Open and Transparent Science Powered By Blockchain
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June 16, 2018, 10:34:57 AM |
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They're getting scammed just only because they never check very carefully the whitepaper which means they actually didn't know what is that project about? All they know is just a name and their money , that's all.
Sometimes a lot of projects use fake whitepaper. I only checked whitepaper for reference purposes. Mostly I will evaluate the projects through the community It seems to me that scam projects are a little bit fewer and farther between in 2018 than they were in 2017. Thoughts?
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bitfocus
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June 16, 2018, 10:35:12 AM |
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thanks for the hard work man, keeping it on my watchlist and will read little by little when I get some quality time. Thanks again!
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Ptrck
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June 16, 2018, 11:20:12 AM |
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This actually really helps. Though some of us already knew these considerations before getting in such projects. That situation is really usual and really happens in this industry. It is our responsibility to study further anything we want to enter specially if there's money and effort involved.
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Louise0910
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June 16, 2018, 11:42:44 AM |
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It is very hard to determine If the ICO is a scam or not because some scammer is very professional too and really also invest to make their ICO look like real.
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kipo
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June 16, 2018, 11:44:52 AM |
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In order not to be scammed again, you need to choose the reliable ICO project. I would like to recommend you to try USECHAIN, it is definitely not a scam. If you are interested, then have a closer look at it here https://www.usechain.net/.
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TheChung1904
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June 16, 2018, 11:47:51 AM |
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There are some very professional looking projects, all the information was written, perfect whitepaper but in the end a scam. In investment, risk is always present, so all we have to do is take responsibility for every investment / action we take.
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pxo.011
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June 16, 2018, 11:51:16 AM |
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this is was very useful to others me and my friend know the pained of being hack well we were more wiser now and thanks for this i know there is a lot people will learn a lesson and a way to this post.
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ipinkang
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June 16, 2018, 11:54:03 AM |
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Your guide very clear sir, ico scammed are haunted every people who would like to become an investor, and at least this will reduce the risk of scammed again.
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hasmukh_rawal
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June 16, 2018, 11:58:29 AM |
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Your post shows us how much work and research you would have done to make this post. I appreciate your hardwork brother. It is indeed hard sometimes to differentiate between a genuine ICO and a scam ICO. Also, there are some ICOs which people create just to scam others and there are some genuine ICOs as well which scam the people at the end and run away with their money. Those are the difficult ones to identify. This post can help a lot of investors to prevent themselves from investing into such scam ICOs.
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Bourney001
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June 17, 2018, 08:06:23 PM |
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We could use some good regulations on ico to avoid scams
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neya
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June 17, 2018, 08:07:59 PM |
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This post is very helpful u explained very well and helps me as well.i joined and invested in some ico and my goal is to gain profit but some of that ico turned scam and not successful.its like wasting money but need to move on and invest again.but this time i do some research to the background.thank you for this guide.
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