not a rule! but it's about your common sense to avoid scam projects

[Doranile432]

Scam projects will always be among us in crypto space and people will still keep falling for them until a new law takes place, for now the best advice is to invest what you can afford to lose

[btcdie]

In fact anything related to money is very risky, human beings on this earth have been enslaved by money to the point of whining to cry over money. what I know is that successful people have good psychologists, are not greedy and help one another wrestle in their fields. for the ICO problem there are no specific rules, it's just that we ourselves determine. Scammers are very difficult to destroy, but can still be avoided. so your life is in your hands, be careful. I know cryptocurrency is risky, but it can make you rich.

[nomenclatur]

I guess the scammers will always be active they often find victims on social media such as facebook, twitter and telegrams they sent a message to the victim. they sell bitcoin and altcoin other similar cryptocurenccy with cheap price I frequently get the message telegram they often offer bitcoin at very cheap prices when I reply to a message from them by calling them scammers they quickly block my telegram.

[zhekinsp]

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

Its just about not losing your life even if you invested on a scam projects but no points related to how to avoid the scam project investment.

Yes using common sense sounds good but do you have any? Please let us know.

[duuuuude]

The rule is of course golden but tell me who is investing in ico now and if people are investing, tell me which companies? Because the credibility of new projects is very small for obvious reasons.

[Ridwan Fauzi]

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

There is no investment place who doesn't have any risk, most all of investment place it definitely have a risk even you have an interest to invest on gold (which has considered as safe place to store our money) but you'll never be avoided from fraud/scammer on it.

You are right, don't spend money that you aren't willing to lose and I think that is the basic knowledge before we are going to start, unless you spend it on bitcoin. But to invest in altcoin I'll doubt it, I have found some project which have interesting offer, such as they offer to give you almost 15% profit per months, I think that is really scammer's job.

There is just one way to avoid it, and I believe a knowledge of someone against the ins and out to crypto industry will help him to avoid scammer. As you may know, most of the victims who fall to the scammer are newbie or the people who just know cryptocurrency and they spend a lot of money just because they see to the profit that offer by scammer.

[Beparanf]

The rule is of course golden but tell me who is investing in ico now and if people are investing, tell me which companies? Because the credibility of new projects is very small for obvious reasons.

At this time it's unlikely to earn in ICO or new projects as the market is still in bear and the scammer are still everywhere, it will be better to invest in existing companies and been in the market thru dump and pump since they can cope on the market's volatility just make sure those project have vivid plan for their future like chainlink who keeps pushing having investors and more partnerships.

[chaoscoinz]

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

   I have to agree, all that it really comes down to, is having common sense. If one practices their Due Diligence correctly and takes the ample and necessary time to research the endeavor first, one won't be able to be be scammed so easily and will be able to spot potential pitfalls that these scams turn out to be. I once sent 1 Ethereum ($150 per ETH at the time) to a telegram bot that was supposed to go toward an ICO. The bot ended up being to good to be true, and I never seen that 1 ETH again.  

So please remember to practice your Due Diligence

[dark08]

I guess the scammers will always be active they often find victims on social media such as facebook, twitter and telegrams they sent a message to the victim. they sell bitcoin and altcoin other similar cryptocurenccy with cheap price I frequently get the message telegram they often offer bitcoin at very cheap prices when I reply to a message from them by calling them scammers they quickly block my telegram.

Theres a lot of scammer in the internet always hide and wake on the right time to grab those new people in this crypto world, so dont be fooled for those precious words that offer a good return in a small period of time, always think twice before doing any action or else you want to lose your money.

[poodle63]

Scam projects will always be among us in crypto space and people will still keep falling for them until a new law takes place, for now the best advice is to invest what you can afford to lose

The law will not help a lot, in this case, consider those scammers can use the decentralized system and infrastructure anytime. Maybe the verification will be the only thing that can prevent the scam project.
Just take the reviews from others may become the best thing we can do right now.

[Zeke_23]

The rule is of course golden but tell me who is investing in ico now and if people are investing, tell me which companies? Because the credibility of new projects is very small for obvious reasons.

At this time it's unlikely to earn in ICO or new projects as the market is still in bear and the scammer are still everywhere, it will be better to invest in existing companies and been in the market thru dump and pump since they can cope on the market's volatility just make sure those project have vivid plan for their future like chainlink who keeps pushing having investors and more partnerships.

Let's be clear, scammers are always there, they are not staying still or what, they will always be there as long as there is money involved.
You mean, invest only in the coins which are already launched in the market? How are we able to have newly launch coins in the market? If no investors will fund the project, no new coins will be launched.

So please remember to practice your Due Diligence

One of the most important things to remember, without it, analyzation of the current situation of the market will be impossible.

[Kunotcoin]

It takes time to combat those fraudsters in these industry. Since most of the countries that has already a proliferation of crypto industry has no decisive action to combat fraud, each country has its own way to regulate the crypto market. in that case i think there's no uniformity regarding regulation. that's why it was weak and remain open for exploitation by those scammers.

[Christinebeauty]

This crypto world is so full of uncertainties and investors should always have it at the back of their minds that their funds are not safe in crypto and they can lose it at any point in time. Some people just enter into crypto with their all and that is why they always complain when a project runs away with their funds.

[kodtycoon]

because the rules are not always followed, scammers don't care about the rules because they will continue to do the action when there is a gap to get lots of free money. so indeed, common sense will become something very important so that we still have a wise mindset before investing, because when your common sense and mindset are easy to be poisoned by their promises, then in the end it's just an affliction which of course it is something we should be aware of from the start before spending your money to invest

[Bezobraznike]

   Common sense is when you know that project is a scam and you avoid that project. But how many of us here participated in
project that looked like any other good project, but only in the end they showed their true face?
   If we knew from the start that project is a scam, that people will be scammed for their investment, bounty participants will not
get paid, we would avoid that project, there's no reason to participate in such project as investor or bounty hunter. But only if would
knew that from the start.

[beerlover]

I guess if common sense dictates that anything that looks too good to be true that means it usually is, however anything that looks fishy and scammy is also that as well. So, there is really nothing that you can invest if you go into common sense, bad looking ones are bad, good looking ones look fake, what the hell do you invest?

Hence, all you have to do is check the team, that is what I do and it worked not bad so far, if the team is hard working and actually does anything that means they are good, if the team doesn't really do much other than creating web pages and designs and market their product instead of actually working on it, that means they are bad. Try to stay away from the ones that has the biggest marketing budget, the good ones always have a big development budget instead.

[crisanto01]

I guess if common sense dictates that anything that looks too good to be true that means it usually is, however anything that looks fishy and scammy is also that as well. So, there is really nothing that you can invest if you go into common sense, bad looking ones are bad, good looking ones look fake, what the hell do you invest?

Hence, all you have to do is check the team, that is what I do and it worked not bad so far, if the team is hard working and actually does anything that means they are good, if the team doesn't really do much other than creating web pages and designs and market their product instead of actually working on it, that means they are bad. Try to stay away from the ones that has the biggest marketing budget, the good ones always have a big development budget instead.

Agree with you, actually we should follow our instinct that dictates by our brain and not our heart, as there is power in mind that will keep us saying the truth, but sometimes the heart denies it and doesn't agree, heart will always say to give chance, but the mind will say the truth that you should beware on it. So, better to ask your mind always not your heart. Anyway, if we really want to be sure, let's always use our mind/common sense.

[wozzek23]

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I think that is still the best way not to lose too much in some of these projects because if we really base it on real use case or research, it is not easy to identify a scam or a good project and all many of us have been using is our instinct with the little research that we do to spot the ones that at least looks like they have real use case and a very great team.

We cannot rely on that research alone, which will make me agree with you that we have to be careful in putting money into these projects and the only money that we should put is money that we know we can afford to lose even though there is no money that we have suffered for should be lost, but there is always risk in life which will make us to always lose money, but we can still control the amount of money being lost.

[Nihyfehmih]

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

This is very true. I read posts more often than not, claiming that regulations will curb the menace of scammers. But scammers can also find their way around this regulations to be able to make heads way. Notwithstanding,  just as you have rightly said, never invest more than you can afford to lose. Dont be greedy. That's the simple golden rule

[lienfaye]

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I think that is still the best way not to lose too much in some of these projects because if we really base it on real use case or research, it is not easy to identify a scam or a good project and all many of us have been using is our instinct with the little research that we do to spot the ones that at least looks like they have real use case and a very great team.

We cannot rely on that research alone, which will make me agree with you that we have to be careful in putting money into these projects and the only money that we should put is money that we know we can afford to lose even though there is no money that we have suffered for should be lost, but there is always risk in life which will make us to always lose money, but we can still control the amount of money being lost.

Well every investment has risk no matter how promising it is there's no assurance it will succeed. So yes even we conduct a research its hard to determine if the project is real and not scam. What we can do is use a spare money that we can afford to lose so whatever the outcome is we are prepared and it wont hurt much since we dont expect a sure return.

We cant get rid of scam projects so we must be careful to not end investing in one of them.