How do I know if an altcoin is a scam?

[Traderbtcc]

Is one month considered a "new project"? These guys seem legit man and I've put in quite abit to pull out now.

One month? I still consider such project as a new project in the crypto space, I have seen a project stand for over 4months+ only for the CEO to rug pull and run away with the whole liquidity money, you need to be really careful when investing in new projects most of them are likely to be scam or maybe they can't survive the market pressure, instead of taking this risk its best you invest in reputable projects like Near, bitcoin, Ethereum, bnb etc, they are much safer investments than this new coins around.

[Hannahanto]

Sometimes it's really herd to tell when a project is a scam cause they go all the way in doing ALmost every thing right. Have a lot f followers,post looks legit,makes giveaway and so many of the newbies loves giveaway to the point they'll just make a pre-sale and give out coins at cheap rate we buy and they later fun with everything.
Before you invest in any altcoin you need to DYOR and get some positive feedback to yourself else you might fall in to something bad.

[dataispower]

The obvious heavily plagiarized White paper/roadmaps, inability to perform a crucial promotion to carry out the project to the mainstream and even the obvious copy cat of pre-existing coins having the same ideas and goals copied by the team of the project.
A legitimate project would never mention the exchanges they will get listed at, everything will be developed at the shortest time frame.
However some of points listed by me can be wrong some of the time.

[conected]

In my opinion, it is difficult to identify the existing token is a scam or not. We know the token is a scam or not after it happens. Many scam tokens initially look convincing and have a good roadmap and are in demand by many investors. Be careful and choose tokens or tokens that already exist on major exchanges, reducing our chances of being hit by a token scam

- Major exchanges only license those tokens with market, user and fair value, although a few projects go bad after a certain period of time but as long as we are not a user who likes to chase luck and choose tokens with low trading volume every day, it's hard to make us fools and fall for the scam project. However, scam projects seem to know how to convince more people than we think, I don't know what magic they use to make their words be trusted by others despite huge holes, still many people still lose in such projects and don't stop

[Digital_Lord]

The community should be big and hard-working for a token to pumped about 100x and the team should reveal their further plan so the community can make a good decision at the time. You should have to read their full documentary before investing your money.

[ScamViruS]

The community should be big and hard-working for a token to pumped about 100x and the team should reveal their further plan so the community can make a good decision at the time. You should have to read their full documentary before investing your money.

If you research the project before you invest in coins, the community and the price of the project are likely to be pumped. Then you won't get anything big from that project. More important than the power to pump up the price of a project is to research how promising that project is. This is because whale traders can easily pump and dump a coin if they want, but the durability of this pump is not high.For this, a project should be well researched, so that the strong aspects of that project can be found out.

[gustavroy]

You can check the whitepaper and search the team members but there is no guarentee in this sector at all. ( unfortunately) Even bitcoin could be scam lol. But checking dev and partners could be nice

[Dragonfund]

You can check the whitepaper and search the team members but there is no guarentee in this sector at all. ( unfortunately) Even bitcoin could be scam lol. But checking dev and partners could be nice

Are you OK?
How can you say bitcoin could be scam?
Not 1 year, 2 or 3 but has managed to survive 10 good years of growth and recognition, and you said scam? You shouldn't be in Bitcointalk of you think so.
White paper isn't a guarantee, you can get scam if the team fit to once they get your trust. It has happened many times and likely to continue except in the future if there should be some kind of regulations that protects the investors.

[WNTRjon]

There is no way to confirm in every case. The biggest red flag for me is when a team says they want to remain anonymous. Yeah, we would all like to remain anonymous, but if you believe in a project that you are leading, you and your team should be willing to expose themselves and put their reputations on the line.

[chanler]

Personally I still can't decide clearly how a token is a scam or not. What is certain is that if I really feel that there are irregularities in it and it provides some benefits that I think are unreasonable, then that needs to be watched out. Therefore, if it is in the case of choosing a good project or coin, I will analyze and observe first to avoid scams. I read some of the answers here and it was very helpful for me in the future in choosing a good token too. It is important for us to learn more and more in choosing the right coin so as not to get scam tokens.

[romero121]

Based on the team, the funding partners, the investors, the core behind the project. More such parameters contribute to the project. However even after analysing these many things we can see potential projects ending up as scams. This is ridiculous, and in some projects there'll be break in between.

The lack of development make the project go worse and finally after years once again it gets on track. Those weren't really scams, but lack of development or funding leads to some negative results on the market.

[King Khaizan]

you should research first before investing, there is no guarantee a project offers something bigger, check all platforms and their long term project plans then you can decide.

[Koro-Sensei]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Look for signs. From whitepaper to team's profile and tokenomics. There is a gray lining in every scam project and research is a must. However, its really hard to determine even if you research all of this. Being doxxed aren't even assurance for them to be legitimate and even those who got successful ICO still doing scam. I remember in 2019 where scams are everywhere and so many money were collected.

The lack of development make the project go worse and finally after years once again it gets on track. Those weren't really scams, but lack of development or funding leads to some negative results on the market and gone.

This is also a thing with projects having a low experienced core team behind it and its community foundation isn't strong either.

[dustboy]

you should research first before investing, there is no guarantee a project offers something bigger, check all platforms and their long term project plans then you can decide.

It is not easy as its said, doing some researches first about the project is a must obviously but there is still no guarantee that the project will not be a scam eventually. If you are investor and you have done some researches before investing, always bear in mind that you should invest what you can afford to lose only. It does not matter how high you trust the project after your researches but preventing for something worst is always better.

[Ekyfitri]

If they said about returning you 100x something as you told, then you must be stay away from them. Reading whitepaper, their plan and roadmap, their community all those things Should be checked carefully before investment any amount. Although following such steps, still noboday can't guarantee that project was pure cause sometime project works good, gain lots of fame and them they run out with investors fund for unknown reason! So its complex and depends on luck i think

those are the words of the coin sales meme these days.
I saw it on social media and telegram groups selling their meme tokens for big short payback deals.
this really doesn't make sense. because everyone will praise their new project. but not for those who know the ill intentions of their meme token offering.

[Nazmul012]

a project team members also giving you hope and normally they'll try to prove their project as most demanding and best one to you. Thats the commom way to grap assets from investor by trapping a! you are new in crypto, so you need to spend some more time to catch out between real and fake one! Till that, you should only investment with coins with top ranks! there's no chance to get fruad

[Golftech]

a project team members also giving you hope and normally they'll try to prove their project as most demanding and best one to you. Thats the commom way to grap assets from investor by trapping a! you are new in crypto, so you need to spend some more time to catch out between real and fake one! Till that, you should only investment with coins with top ranks! there's no chance to get fruad

To correct that, you need to spend more time in order to learn more deeper about this business that you are working,

there are many newcomers who lose their money investing with scam project due to laziness, they didn't review and

quickly put their investment to project, ended up losing a lot.

[David.Jack]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It might be difficult to identify scam projects. Some projects are true projects but no enough funds to continue development then exit the project. Some project has fully funded to start the project and listing on good exchange but at the end is a scam in various pictures. In order to avoid scams, should observe project development progression for a specific period. Check project team, direction and roadmap. Those requirements are passed then try to invest with minimal funds for risk mitigation.

[fileo]

For now it is hard to detect scam token at early stage because the dev are looking good and honest. It sounds good to know that the dev is so concern to investors. Unfortunately after they will list the token in uniswap or wherever some tokens turn into garbage because the dev left the project. So sad to participate this kind of scheme. I participated recently in this unfortunate one. Now I am aware the new strategy of scammer.

[Tashana]

I really don’t recommend buying some altcoins, buying Bitcoin, Bitcoin, Ethereum, a good life, a good sleep, and a good study, okay?