How to find scam coins

[m.rifki]

If you askin about how to find scam coins, it's simple to answer, check website and development team, and also you must check whitepaper before that, but sometimes they are very close with trusted project, but there are always have a gap!

It's not easy as you say, finding a coin scam is very difficult for us to detect because they also commit crimes very carefully, even they are able to fake the team and their Whitepaper, it's better to prevent by choosing coins that are in the top 10 at CMC.

Some actually can be known in the beginning they released their project. like web, whitepaper, and other aspects. but some projects do and work very neatly so we can't find mistakes from projects. many were even caught when ICO sales were finished. most important when seeing something that is not fair in a project better do not approach it.

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[Ranly123]

If you askin about how to find scam coins, it's simple to answer, check website and development team, and also you must check whitepaper before that, but sometimes they are very close with trusted project, but there are always have a gap!

It's not easy as you say, finding a coin scam is very difficult for us to detect because they also commit crimes very carefully, even they are able to fake the team and their Whitepaper, it's better to prevent by choosing coins that are in the top 10 at CMC.

So choosing top ten coins in cmc is the best way to avoid invetsing on a scam projects? So how about exploring more in cryptocurrency? Do you think you will learn more in this vast business just by staying on those top ten coins? Yes it's not easy to detect scam projects but let's just make it a gamble and study carefully the white paper of each project we want to invest with.

[Bezobraznike]

   You don`t need to search for scam coin, scam coin will find you. It`s better to know how to avoid being scammed
and how to detect scam coin when it comes close to you.
   Researching team members can be very successful. With some project that are in center of attention someone always
check entire team, and their CV`s.
   For example I search for info with key words on google, I`m trying to check their social network accounts. There you
can see their history and are they fresh made accounts or not.

[Alexandr Kirichenko]

It seems to me that the best tactic in this matter is to dive deep into the study of the documents and the technical side. To check if the team is real people, you can write to them on social networks. Advisory, do they really know something about the project? And most probably the main thing is not to participate in projects if the team consists of immigrants USSR. As if it was not sad, but most of these projects, it is outright scam.

[Impaler]

Yes you are right most of ICO or ieo coming to the market ,most of them are nothing but some scams. Some of them failed after sometimes.but don't lose your hope still many projects available which are good enough for this market.

[Pinkris128]

There are many many dozens of cryptos launching each and every month, and side by side that there are many new tokens come out of a series of Initial Coin Offering or ICOs. The desire among a wide pool of people who invest for these kinds of opportunities has grown so much, even despite the fact that cryptos have been shabby in 2018.

All of these elements unite to attract scammers. In the end, if investors have shown that they have the will to throw dollars toward a highly hypothetical crypto, they seem to invest in a crypto that might be fraudulent ICOs or tokens.

Read more : https://paperblockchain.com/how-to-find-scam-coins/

The one thing that you need to look out first is if what they are offering is too good to be true. Everyone in this industry want to join the train even though it already left years ago. Scammers use that opportunity to convince "amateur" or new investors with their false golden ticket to success. So if the expected profit is not realistic, there is a very high chance that the project is a scam.

[zeze18]

You can easily search the project's name on google and see people's or website's reviews of the project.
If the project is not appear yet, either the project is really new and you have to wait for a moment till people review it.
This is the best way for newbie to detect scam project

[Ucy]

it is difficult to recognize scammers, in 2019 I came across 3 such projects in which I invested. completely disappointed in the ICO. now I take part only in the IEO they have more confidence as the participation is on the stock exchange.

Have you even bothered to check the viablity and the level of decentralization of new projects crowdfunding on "stock exchanges"? Have you even considered the long-term implications of investing in Crypto projects from such exchanges? Well, everyone is intoxicated by the potential reward. Nobody thinks about the future and survival of decentralized projects. If terrible things begin to happen in the next five years year, very few will remember encouraging them in the past and accept responsibility.

[Lantind]

It takes many years of practice, then you can see them on an intuitive level.

I think to find a scam coin, do not have to do years of practice, because by reading the whitepaper and looking at the team structure of the project, we can already know that the project will give birth to a scam coin if the whitepaper and team structure have anomaly or unclear.

[kak uli]

There are many many dozens of cryptos launching each and every month, and side by side that there are many new tokens come out of a series of Initial Coin Offering or ICOs. The desire among a wide pool of people who invest for these kinds of opportunities has grown so much, even despite the fact that cryptos have been shabby in 2018.

All of these elements unite to attract scammers. In the end, if investors have shown that they have the will to throw dollars toward a highly hypothetical crypto, they seem to invest in a crypto that might be fraudulent ICOs or tokens.

Read more : https://paperblockchain.com/how-to-find-scam-coins/

to find scam coins there are many things that we need to identify so that we know whether the coins are scam or not. and some of the methods mentioned in the article that you shared ( https://paperblockchain.com/how-to-find-scam-coins/ ). and in my opinion to find a scam coin is to look carefully at the website they provide because most of the scam coin does not have a company or office address that should be written on their website page.. and we must be more careful in paying attention to the percentage (%) they provide to attract the attention of investors because a scam coin will offer a large bonus to investors.

[stephanirain]

There are many many dozens of cryptos launching each and every month, and side by side that there are many new tokens come out of a series of Initial Coin Offering or ICOs. The desire among a wide pool of people who invest for these kinds of opportunities has grown so much, even despite the fact that cryptos have been shabby in 2018.

All of these elements unite to attract scammers. In the end, if investors have shown that they have the will to throw dollars toward a highly hypothetical crypto, they seem to invest in a crypto that might be fraudulent ICOs or tokens.

Read more : https://paperblockchain.com/how-to-find-scam-coins/

Greed is the worst enemy of a business minded person though it can push us to exceed our limits but if it backfires, we will be doomed of course. And if it is too good to be true, that is your cue to doubt and question the legitimacy of the project. It is important to learn to doubt and ask questions than trust easily and then regret.

[torpedo]

Perhaps one of the major point of this article is written between the lines: people only get cheated if they delude themselves in the first place

[dfktynby1004]

Now often such a project is impossible to identify. Scammers have learned to create very high-quality fakes and they take into account all the nuances. They can create a perfect White paper and quality website. They can even put up photos of all team members and wind up trading volumes. All this will attract a lot of investors and a huge amount of money. But all will end one. The channel in the telegram will be closed, the topic on the forum will cease to be visited and you will not see your money. Therefore, now it is better not to participate in new ICO and gradually move to IEO or trading.

[gaston castano]

I think they can engineer the whitepaper so that it will be a little difficult, but if the timm is possible it can be identified, but that also takes time.
so it's really really hard to tell the difference.
my friend has participated in many projects and joined their bounty campaign and his estimates of the 20 he participated in were only 3 who paid, so you can imagine 17 more whether they were scams or they failed to raise funds.
but now investors have started to learn because the number of ico scams of ALT dominance has decreased dramatically, so that BTC has up to 70%, I think if this continues ALT will be difficult to rise.

[shaheer001]

Very detail and informative link you have shared about how to find scam projects, I add one more thing you must read its ANN thread and partners and also who is the team leader, His/her past projects or career.

[Frank37]

My impression during the last two years is that many projects were not intended as scam.
They either overestimated themselves, they ran out of money, they could not collect enough money or
they broke up in the team. Then they just escaped.

[10BTCaDay]

Very detail and informative link you have shared about how to find scam projects, I add one more thing you must read its ANN thread and partners and also who is the team leader, His/her past projects or career.

This is a good point, but no one does. basically everyone does an easy analysis and doesn't waste their time on other studies