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Author Topic: [DEBATE] What are some of the biggest red flags in your own perspective?  (Read 75 times)
Gozzy
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December 02, 2018, 11:28:06 PM
 #1

Hello BCT,

I'm writing an article on blockchain and cryptocurrency red flags, I thought I may gather some communal perspectives regarding what the average investor identifies what some red flags are.  There is a lot of fraudulent projects out there and sometimes it's quite difficult to evaluate a projects integrity.

Gozzy.

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tbates76
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December 02, 2018, 11:32:43 PM
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If a Developer is hiding (anonymous ) then that's a red flag right there.
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December 02, 2018, 11:43:48 PM
 #3

There are so many red flags in cryptocurrency, but I do not know it is can be considered as one of those investor red flag or not. Here is some of them;
1. Speculation is always off the chart, as we can see. A traditional investor is always using a chart to make a move.
2. No regulation, they are afraid that Bitcoin could go to 0 directly and they do not know where to go if that thing happens.
3. It has not been used in our real life, even though some stores were implemented it. because of the problem with regulation, the investor does not think it has its usability in our life.

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December 02, 2018, 11:44:43 PM
 #4

I think no verified linked in or any other social media profiles or no images can be seen in the team that's a red flag since the team should always be transparent because they are the ones whom you will trust your investments.

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December 02, 2018, 11:49:03 PM
 #5

I think no verified linked in or any other social media profiles or no images can be seen in the team that's a red flag since the team should always be transparent because they are the ones whom you will trust your investments.

Exactly and I also prefer the team who has latest video or press conference so I will know that the team is real or if the projects turn out to be scam then I have their videos as evidence to use for legal actions.
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December 02, 2018, 11:51:10 PM
 #6

You can determine a project if its just a fraud base on its whitepaper, you can find by just looking on it if its just copy pasted.

And as for the team, you can also see some interesting fact with it. If someone is part of the team and you know his credentials for having a bad reputation then that's already a red flag, why you have to proceed if from the past he/she has been involved with a very shady behavior?

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patz22
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December 03, 2018, 12:57:17 AM
 #7

There are a lot of indicators to determine if a project is fraud or not. In my end, I start with the project itself: is it good to be true? Can they deliver in a given timeline? The team: are they good enough? (credentials) they should've valid profiles based on their social media profiles and of course the wp.
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December 03, 2018, 05:08:42 PM
 #8

Some judgments for scams:

  • Is the codebase a clone of a clone of a clone of a clone of a clone?
  • Is the subsidy function paying 95% before the Announcement Post?
  • Is there no functioning DNS Seed to glue the peer swarm together?
  • Are they not using the Trusted Build Process (Gitian) to generate binaries?
  • Is the Announcement Post a self-moderated thread?
  • Are they airdropping like crazy?
  • Is it a 100% premine and now proof-of-stake?
  • Does the developer insist his 99.9% premine is legit?
  • Is the trading volume suspiciously engineered?
  • Is there an ICO?
  • Is the community only there for airdrops?
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