Altcoin season, scam altcoin projects will appear. Check their Githubs first

[Anonylz]

Even having rich Github profile with lots of activity doesn't guarantee that a coin isn't shitcoin

Github is only one of the thing investors have to look at and consider before they make their decisions to invest or not invest in one project.

If investors see bad things on Github, stop at it. If they don't find bad things on Github, let's move to the other things. ANN threads, coin specifications, number of premined coins, ie.

Yeah for the investors who knows what to look out for on github many have no idea what github is and what it represents, they only follow hearsay or all this social media influencers to make an investment decision,
Although, from my observations I think the period of crazy investment on alts have pretty much died down, compare to 2017, many newly lunched alts project are seriously finding it hard to get investors, hence the need for crazy and ridiculous bonuses.

[hd49728]

Although, from my observations I think the period of crazy investment on alts have pretty much died down, compare to 2017, many newly lunched alts project are seriously finding it hard to get investors, hence the need for crazy and ridiculous bonuses.

There are always new newbies in the market, from years to years, we have them joining in the craziest bullish period. They are very important elements to help the market rising exponentially. The market can not grow well without new newbies but honestly I don't want them to be cheated by scammers. They can lose money by making bad entry and exit prices but losing for scammers, I hope NOT.

I don't say this year will have a new flow of capital into crypto market but maybe next year will we have and a new tide of scam projects will appear.

[Anonylz]

Although, from my observations I think the period of crazy investment on alts have pretty much died down, compare to 2017, many newly lunched alts project are seriously finding it hard to get investors, hence the need for crazy and ridiculous bonuses.

There are always new newbies in the market, from years to years, we have them joining in the craziest bullish period. They are very important elements to help the market rising exponentially. The market can not grow well without new newbies but honestly I don't want them to be cheated by scammers. They can lose money by making bad entry and exit prices but losing for scammers, I hope NOT.

I don't say this year will have a new flow of capital into crypto market but maybe next year will we have and a new tide of scam projects will appear.

I know there are, my point is the way and manner it was in few years back has suddenly changed, people are no longer as crazy as before to invest on newly lunched project, rather they try to do research and ask questions before they decide to invest,
A good example would be the sudden death of ico, can you see many ico succeeding recently like before? It is because investors are less, people are more wiser now, even the so-called ieo are not exempted,
It goes to show that things have changed tremendously from what they use to be, I myself am victim of this shit coin, but not anymore.

[matchi2011]

Although, from my observations I think the period of crazy investment on alts have pretty much died down, compare to 2017, many newly lunched alts project are seriously finding it hard to get investors, hence the need for crazy and ridiculous bonuses.

There are always new newbies in the market, from years to years, we have them joining in the craziest bullish period. They are very important elements to help the market rising exponentially. The market can not grow well without new newbies but honestly I don't want them to be cheated by scammers. They can lose money by making bad entry and exit prices but losing for scammers, I hope NOT.

I don't say this year will have a new flow of capital into crypto market but maybe next year will we have and a new tide of scam projects will appear.

Experienced will teached them a lot, newbies are more aggressive and most of the time wanted to invest without studying the projects.
With new invested money the market will proceed, so with scammers, you need to understand and not to allow yourself to invest with
unusable project it will surely burned your money.

[hd49728]

I know there are, my point is the way and manner it was in few years back has suddenly changed, people are no longer as crazy as before to invest on newly lunched project, rather they try to do research and ask questions before they decide to invest

Only some of old investors changed their mind and approach. And there are always new investors who will repeat same stupid invesments.

A good example would be the sudden death of ico, can you see many ico succeeding recently like before? It is because investors are less, people are more wiser now, even the so-called ieo are not exempted,
It goes to show that things have changed tremendously from what they use to be, I myself am victim of this shit coin, but not anymore.

The death of ICO triggered the wave of IEO. That's it. And people lost money for IEOs, in particular scam IEOs.
In the future, we might see IDO, IMO, whatever new method to do fund-rasing. All of them are name-callings.

Experienced will teached them a lot, newbies are more aggressive and most of the time wanted to invest without studying the projects.
With new invested money the market will proceed, so with scammers, you need to understand and not to allow yourself to invest with
unusable project it will surely burned your money.

Even they see a good article or a topic (like mine), they don't care to spend time for reading and getting knowledge. They only want to have money, money, and fast money. They don't care about preventive strategies for their investment, that they can have from reading.

But I created the topic for someone who want to read, learn and need information to prevent stupid loses. Who need it will spend time to read and appreciate it.

[joseyphil82]

Many scam altcoins are already available through bounty campaigns on this forum, almost 90% of the new bounties are scam, it's better to waste your time and energy on something real or that might still survive in the market than something dubious, to earn big we have to take research very seriously

[slashz9]

No qualms about this, scam projects always take advantage of a surge in market to scam people of their funds but I think this industry most especially this forum has grown enough to know most of their tricks. Also, members do good research before investing in any project these days. They don't just jump in just because some people come over here to shill about it.

and now the number of people promoting ico on the forums has dropped dramatically, because yes some people have learned and don't just promote new projects before doing research, yes even though there will still be people who continue to be fooled because
every year there will be people who join the forum.
so minimizing alone is very helpful.
Even investors are not too hopeful in new projects.

[hd49728]

Many scam altcoins are already available through bounty campaigns on this forum, almost 90% of the new bounties are scam, it's better to waste your time and energy on something real or that might still survive in the market than something dubious, to earn big we have to take research very seriously

The forum does not manage any ICO or IEO as well as bounties but there are trust, feedback and flag that can be used for investigation before you invest in any projects with ICO or IEO. Projects that have ANN threads here and have negative trust, negative feedback and active flags are not the ones to invest.

and now the number of people promoting ico on the forums has dropped dramatically, because yes some people have learned and don't just promote new projects before doing research, yes even though there will still be people who continue to be fooled because

Partially, it comes from the fall of new ICOs, IEOs projects this year and recent months, respectively, not only because of bounty hunters on the forum. Bounty hunters mostly don't care which type of projects they promote for. Bounties mostly require easy tasks. I would not go to bounties, definitely, if I don't see a good campaign, I will leave me signature space free.

[mamesso]

There are so many projects that commit fraud like this, but professional investors will always be vigilant before investing in a project. Investors will always check their background, so they don't get caught in the trap they make.
investing in cryptocurrency is fraught with risks, if not careful then your money will disappear. So make a quality investment, not with quantity.

[hd49728]

There are so many projects that commit fraud like this, but professional investors will always be vigilant before investing in a project. Investors will always check their background, so they don't get caught in the trap they make.
investing in cryptocurrency is fraught with risks, if not careful then your money will disappear. So make a quality investment, not with quantity.

Checking background of projects, team's past projects/ achievements, github pages, etc. is must-thing to do.
Professional investors definitely do this and they do know where and when to be greedy, and vice versa. Being greedy is not too bad but investors have to know when to be greedy and where to spend their capital for future profits.

[Sterbens]

There are so many projects that commit fraud like this, but professional investors will always be vigilant before investing in a project. Investors will always check their background, so they don't get caught in the trap they make.
investing in cryptocurrency is fraught with risks, if not careful then your money will disappear. So make a quality investment, not with quantity.

Checking background of projects, team's past projects/ achievements, github pages, etc. is must-thing to do.
Professional investors definitely do this and they do know where and when to be greedy, and vice versa. Being greedy is not too bad but investors have to know when to be greedy and where to spend their capital for future profits.

I think professional investors will not just invest they will look for the best project and see some serious partnerships with big companies so that it can convince professional investors to do so.

And what I know is that investors will make large investments with new projects that are only IEO in large exchanges such as the example of Binance, Huobi, Gate.io because the profits of investing there greatly fold up to 10x after entering the exchange.

[hd49728]

I think professional investors will not just invest they will look for the best project and see some serious partnerships with big companies so that it can convince professional investors to do so.

And what I know is that investors will make large investments with new projects that are only IEO in large exchanges such as the example of Binance, Huobi, Gate.io because the profits of investing there greatly fold up to 10x after entering the exchange.

It is very different if one want to invest or trade. For investment, sure they have to make in-depth investigations before spending their capital (if they are professional investors). For trading, they can only base on chart and price action to earn profits for their tradings but they also can do both, charts, price actions, and in-depth investigations. It is better if they can do all of those stuffs but for trading being too much careful might requires too much time and result in opportunity missings.

IEOs originated with big exchanges (and investors earned profits from them) but later on small IEOs are mostly scam. That's very basic in crypto, from ICOs to IEOs.

[pandanaran]

good catch, this will make it easier for us to know how new projects or tokens work. this information is enough to help me to always observe every new project that arises. more than that I think we all know that an important role in a project is dependent on the developer's reputation and the performance of the project team itself.

[Ken_terrance]

Checking out github is the fastest way to detect scam projects and others like team members and use cases follows too, but github says it all, very good post 👍

[Ashong Salonga]

It is really a job well done to post the fastest way of determining scam projects in the Altcoin section because it is really too difficult to check every project you will see one by one to see if those were legit and payable. Well at least the OP have found a way to easily point out or extract those scam projects from the good ones. But still doing prior observation, and thorough research after extraction will still be the best thing to do to add the assurance that you will be going to engage into a good and wholesome project. OP have provided us a new knowledge that we can use to make checking of projects faster to determine potential projects that are good for engagement such as doing bounty participation and if there's a chance, doing investment as well. So it is really in need to better know the project to avoid regrets in the end. This information will be useful at this point of time until future usage.

[hd49728]

OP have provided us a new knowledge that we can use to make checking of projects faster to determine potential projects that are good for engagement such as doing bounty participation and if there's a chance, doing investment as well. So it is really in need to better know the project to avoid regrets in the end. This information will be useful at this point of time until future usage.

Because you mentioned about Bounties, it is good to focus on bounties that are managed by professional managers. They mostly reject scam projects but as always it never is good to totally rely on the others' works. Do it yourself and take care of your capital.

Checking out github is the fastest way to detect scam projects and others like team members and use cases follows too, but github says it all, very good post 👍

Before checking github, you can think of something like "If something sounds too good to be true, it will be better to stay away from it". Personally, if I see something like that, I don't want to spend time to check more.

good catch, this will make it easier for us to know how new projects or tokens work. this information is enough to help me to always observe every new project that arises. more than that I think we all know that an important role in a project is dependent on the developer's reputation and the performance of the project team itself.

Your first practice (first investigation) takes lot of time from you but next ones will cost you less amount of time. The more practice you do, the less amount of time you have to spend for each.

[Smitty Werben Man Jensen]

it's true, Github is something important from a crypto currency project, besides Whitepaper and social media or community, Github becomes an important role, because project work will always have a source code, and will be stored on Github to be proof that the project really works , before investing it is better to look in terms of Whitepaper, Community and Github, hopefully the altcoin season can soon be realized

[kizumin]

Here come altcoins season again so this thread is a good read to take all precausion for any new project pop up in this time.

[jessyj48]

Nice instructions. I would just like to extend that people should look at other social media sites as well.
Check the Twitter page, take a quick look at the Telegram channel the project has. What kind of discussions are conducted there. Is it mostly spam, dreams of the project mooning and stuff like that. You can get a good feeling of the project based on the community that talks about it. What kind of information are the admins giving out?

Check out the website on http://whois.domaintools.com/
If it is brand new website, it's a read alarm.

Don't risk and download a brand new wallet on your computer. In 9/10 cases these brand new projects will rely on the Etherum blockchain so you don't need separate software wallets. 

Almost all telegram channel I came across spread dreams of project mooning, you can't condemn a project because some wishers are on their channel, the reason why people invest in projects this days is for Mooning, Skyrocket, or altcoin season, they believe they can make huge profits and once in awhile that dream do come to reality.

[hd49728]

Last 2 weeks, more and more crypto websites release articles on DeFi but in this post I only want to give you a warning notification that DeFi projects or non-DeFi projects, there are scam ones among them. To avoid getting scammed, you can apply my tutorial in OP.

DeFi trend can help you get profit for your investment if you wisely choose good projects and good entries. If you won't be able to do so you will end with bad endings.

For crypto investors who have never witnessed a trend by themselves, it is a time to get experience (from their capital, profits and losses) but remember to be as wisely as possible and minimize losses.