How Scamcoins work.

[Mark02]

if you want not lost money in new altcoin, because scam coin
if you want buy ico selling in new altcoin you must use escrow
use escrow is save your money

scamer new coin ussualy not use escrow

Well I cannot see what you are saying. But, I believe those coin with ICO is not a scam one. But, those coin who just appeared from nowhere without ICO and has a high price in its first day. The thing is that, when people buy that in high price and the developer gets the amount he has. He may dump the coin then pump it up and earn money then leave. That's how the scam coin works.

[Shiroslullaby]

Op, posted this info almost year ago, but the sad part is that mechanism of altcoin cloning it is very much correct and true even today.
It is possible only because people are full of pure stupidity fueled by greed - and they know perfectly well how most altcoins are created - they don't need the warnings like that.

Everyone is looking for a way to make a quick buck, and investing in cryptocurrency is the hot new thing.
There are people that are becoming millionaires overnight. Mostly its the developers of these new coins, scammers running ICOs that go nowhere, etc.
Unfortunately that money has to come from somewhere, and mostly its new investors that are putting in a couple hundred dollars and losing it.

[deported]

This a must read for anyone interested in alt coins.

mostly the scam coins are disguised as enhanced forks. There is nothing enhanced about them in most cases. I also see they like to copy brands and logos of existing companies, or they copy a brand that is known in asia but not so much internationally.

seeing how many scamcoins are out there, this topic should be a sticky, in all forums regarding altcoins. As a lot of scammers use this forum to scam people, through the anouncements. It would be great to see bitcointalk start taking some action against this.

[fulled]

Mostly the team is anonymous, many of scam project has a low rating on ico sites, and the last sign is the dev make promise to give us high return if we invest on their project, if you see this signs, better if you avoiding to invest on the project

[Bttzed03]

This is the same strategy of numerous airdrops I have been into. They usually create demand by making huge announcement like second airdrop or holders airdrop