Be careful of strange projects

[el_lobo]

Too bad that the good projects become less and the bad projects more.
Hopefully it will turn in 2019 and more good ones than bad projects will appear on the market.
In any case, thank you for the warning, i try to take care.

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[Muzika]

Lot of coins also created with the name of bitcoin too,so the investor need to know their coin before investing on it.I don't think people are much fool to find and differentiate in no time.

there are lots of coin that uses a good reputation coin in the market like bitcoin I saw that there are some bitcoin also in the exchange like bitcoin SV, bitcoin gold and bitcoin private, I dont know but they are using bitcoin maybe for the reason that they will be known easily in the market.

[Ruffian1314]

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them  in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

I totally agree! many scammers nowadays are becoming smarter that they copy the name of popular coins and altcoins but have different contract so people must be vigilant and careful before buying crypto. Please do an intensive research and ask in legit forums and group chats to avoid being scammed.

[asriloni]

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them  in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

I totally agree! many scammers nowadays are becoming smarter that they copy the name of popular coins and altcoins but have different contract so people must be vigilant and careful before buying crypto. Please do an intensive research and ask in legit forums and group chats to avoid being scammed.

Even some of them are selling hijacked wallet to the amateurs and scam them.
This thread has already explained a lot about that
https://bitcointalk.org/index.php?topic=5095750.new#new

Scammer was trying various way to scam others. These idiots person must disappear from this word and scammers are cancers for this space.

[Mighty_crypt]

Thanks for the advice I hope newbies won't fall victim and to my own research I came to understand that even legendary members and full members are joining this fake projects like ethereum classic vision bounty ,after checking the spreadsheet I was surprised upon all the scam allegations and the dev still doesn't defend the project and they decide to stay anonymous

[kuverty]

It's true that most of the projects are scam. We need to be very careful while selecting coins to invest. Better we should invest in top 10 or top 20 coins so there would be low chances of scam.

[jozymens7]

The whole crypto community is vulnerable to these sort of fake projects. And one reason why people cannot stop following them is that some of the projects that are seen as scam do very well after listing so we are always confused as to which project to invest in.
I support the OP that the best is to avoid some clear scam projects that we all know that it may be a scam. We shouldn't be greedy for every money on the internet.

[siena23]

I thought why there must be someone who has such intentions, in my opinion it is a crazy thing. They have no feelings. How do you find it hard to raise money, and they actually commit fraud. Hopefully hit by karma.

[Chomsy]

There's no familiar project out there. All are strange. Many of them created by criminal minded fellows who has the heart to take ftom people. This is really bad. Everyone should really watch out.

[davinchi]

Not just with strange projects, we always must need to be more careful while choosing coins and ICOs. Because this is how, we may protect ourselves. Unfortunately many people are being careful while spending hard earned money but they become lenient when they are putting their hard work. They never understand their hard work is another form of money. But, they are ready to risk their hard work.

I'm not seeing anything wrong in this because you cannot risk your hard earned money but you may go for calculated risk with your time and energy. I'm not sure about people from developed countries but for the people from developing and underdeveloped countries, hard-working is not a big thing. They are all having enough time and energy to risk with crypto space up to the level they prefer to.

[Galantin]

Scammers are looking for new schemes of deception is obvious. After all, the classic scheme of investing in ICO already brings too little. Because investors have become more discriminating in investment projects.

[ballerin and giroud]

It's true that most of the projects are scam. We need to be very careful while selecting coins to invest. Better we should invest in top 10 or top 20 coins so there would be low chances of scam.

I think that the top 10 coins in the  crypto currency market are 100% legit, I am only worried about the new project and most likely to prove the project is scam around 50%. Bounty hunters must be more selective in choosing a project, what you do to make a project successful is to be paid not just abandoned.

[ujinice]

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them  in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

Plus, several thousand more terrible coins issued with the help of ICO, earned on a new coin and exchanged it for a reliable and stable, that's my strategy.

[rachman mahesa]

projects that are not clear in the future such as Team, Mission, Vision and Roadmap in the future, of course we must be careful if we want to invest. Of course this will result in a large loss of investment if you are not careful about projects that are not clear in the future.

[Evushko]

It is a pity that such a chance! Because of this, hands give up a little and confidence decreases!

[jvper]

Careless people lost too much money in 2018. One should always study more than invest.

[Mianae]

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them  in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

I have fallen for such projects doing self drops where one sends some unit of ETH to the contract address and gets tokens back. Such projects never make it to exchange and when some do, they die off 9nce the dev sells off their tokens. One needs to be very careful

[izanagi narukami]

Altcoin project far more risky so the loss will be higher than ordinary token like bitcoin.
I prefer to follow local project since I can understand on their roadmap because we have common languange but it's depend on how do you want find your favorite project !

[hirokazu]

It's sad that because of this scams, a lot of investors have stayed away from cryptocurrency which plunged the price and made some of the legit projects failed due to not reaching the soft cap. It's just that it's hard to see some scams especially when it was professionally made. But looking at the team helped me a lot.

That is one of the effects, people will assume all projects are a scam because everything looks the same. So sad to see a real project so difficult to raise funds at the ICO. Although there is someone in this forum who do the right thing for free to expose scams ICO and projects, of course he cannot research every project in a short time. Especially now that new projects continue to appear in short days.

[ajdaj]

Altcoin project far more risky so the loss will be higher than ordinary token like bitcoin.
I prefer to follow local project since I can understand on their roadmap because we have common languange but it's depend on how do you want find your favorite project !

It would be nice to understand more in certain areas of human activity, the idea behind the developer of new projects is sent there. If a person understands the very essence of the problem and the possibility of solving using cryptocurrency, then this is also an opportunity to explore the viability of the project.