How do I know legit and scam investment?

[jrrsparkles]

On most of the cases its really simple to identify the scam and real but if its really new then it may take time, I don't know what yiu define as trading company but if its an exchange there are very few reputed exchanges are here so you no need to pick a new exchange for whatever reasons until someone tested it atleast for few months.

[1714682656]

1714682656

[freedomgo]

It is actually hard to find about the scam as you know very well that if one project launch then everyone want to start investing in it and with the passage of time the number of users of that project increases so you cannot find that weather it is scam or not. But if certain project asked for more money then you can realize that it will be scam. In cryptocurrency there are  certain projects that are scam and you invest in these project and lose your capital as you do not know about its scam.

Most of the scam projects are offering rewards that are too good to be true that you end up realizing if this is legit or not. And also at some point, legit projects look like scam too. So if you are not knowledgeable enough and create decision instantly, then you will fall as one of their victims. I think its definitely a must to go in depth with the project and the team behind it if they are really existing or just ghosts. Its also good to trace the history of the project if they have been successful or not in the past.

However, scamming has been rampant these days so you need to avoid it as much as possible. By keeping yourself updated of all the current events and studying the crypto space continuously, and not being greedy to make bigger profits, then there will be less chances for you to be scam.

[barbara44]

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us  here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Not just 50%, I am afraid about 90% of crypto people's security against scammers. Because, these days, scammers are too smart to make themselves up to look like legit.

You cannot distinguish between legit and scams easily hence you got only few methods to safeguard you against scams:
1. Stay only with bitcoin investments. Ignore all other investment opportunity.
2. Create your own investment opportunities and run a legit business.
3. Follow the basics of investment principles:
  a. Diversify your investments: as you say you may invest 50% into legit even other half get scammed.
  b. Invest only your excess amount and not the committed money.

[BitcoinAccepted]

Not just 50%, I am afraid about 90% of crypto people's security against scammers. Because, these days, scammers are too smart to make themselves up to look like legit.

You cannot distinguish between legit and scams easily hence you got only few methods to safeguard you against scams:
1. Stay only with bitcoin investments. Ignore all other investment opportunity.
2. Create your own investment opportunities and run a legit business.
3. Follow the basics of investment principles:
  a. Diversify your investments: as you say you may invest 50% into legit even other half get scammed.
  b. Invest only your excess amount and not the committed money.

Agreed. It is as if scammers are getting better day by day in finding ways to execute their schemes. I second these methods in safeguarding oneself against scams. While it is true that it is through research that one ca distinguish scams form legit projects, it is something that must be done thoroughly and in different aspects like the team, concept, products, marketing, reward system, or even those people who had experience with such before you, plus a lot more matter that concerns any legitimacy subject.

[pawanjain]

Keep reading various kind of scams and hacks on the internet and you will find out how to identify an obvious scam.
Anything that is too good to be true is an obvious scam. Some scams are hard to find out and you have to trust your gut feeling for that.
You need to have a scammers mind to identify a scam. The best way to stay safe is to invest only in fully trusted assets.
For example: Instead of investing in new coins invest in established coins like BTC, ETH, BNB, SOL etc...

[el kaka22]

The best method is to not risk it at all. If you are not sure about it, then it is not worth it at all. I mean why would you risk your money on an investment that has a chance to be a scam? I personally invest only into things that I know not to be a scam, that way I never get scammed. We all know investing by buying bitcoin will not turn out to be a scam, do it on a website like binance or coinbase and you won't be getting scammed. Buying eth, ltc, bnb or whatever at the top.

This is the way to make sure that you do not lose money and you are not getting scammed. Plus, they are great projects for the long term as well, meaning if you end up holding them as long as you can then it means that you are going to profit from it a lot. It may not look like it as of right now, but these are all the good coins that you could make a lot of profit from in a few years.

[wxa7115]

Ensuring completely that the project is a scam or not is hard enough, experience will take you one day to find out. Studying their non-plagiarizing legacy of white papers, their unsuspecting social media, in the sense that the latest meme coin has shown how rampant scam projects are. Maybe you can learn from how they cheat and ask you to join the pre-sale but you find a lot of gaffes. Well, I always try to research it myself, although not 100% sure. But every time I avoid a project then at least I reduce the losses in investing.

It depends, there are many projects which can be easily identified as a scam in a matter of seconds, for example any project that promises that you will make profits with them is a scam, after all there are no guarantees in the markets that something could become profitable as the number of factors that decide this are infinite, and no one can analyze them all.

However there are scammers that are able to hide their tracks and it is more difficult to demonstrate that their project is a scam, which is why it is better to avoid new coins entirely as most scams due to their nature do not last for a long time before they collapse.

[Smartvirus]

Legit and scam investments are always subject to onces judgment. In a few instances, you could be wrong but other times, could be right too. One thing you should know is, scamming comes in various forms but, a few have been noted to have some similarities not limited to huge returns with even the smallest of investment capital and over a short time frame too. Once you come across things like this, be scared already. Most times, they approach you and not you getting to find out about them, they've got no reputation to reference with and are always in a hurry for you to invest with them. Just shy away or risk loosing your funds.

[Vaculin]

Legit and scam investments are always subject to onces judgment. In a few instances, you could be wrong but other times, could be right too. One thing you should know is, scamming comes in various forms but, a few have been noted to have some similarities not limited to huge returns with even the smallest of investment capital and over a short time frame too. Once you come across things like this, be scared already. Most times, they approach you and not you getting to find out about them, they've got no reputation to reference with and are always in a hurry for you to invest with them. Just shy away or risk loosing your funds.

If you see suspicious acts on the team behind like they are pushing you to invest your money and they offer huge ROI that is too good to be true, then better stay away from it. Its one of those signs that you are in a wrong and scam investment. However, identifying a legit project is sometimes quite hard too as most of the legit ones look like scams, and scams look even more legit. So its better not to make instant decisions, but research first and create a background analysis on the project you wish to invest. Be careful too not to fall for the tricks of the team behind the project because i'm sure they have become smarter on scamming people as the years pass by.

[adzino]

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us  here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

If the real investment looks like scam, then it is very highly likely a scam. Something that is legit should never look sketchy. It shouldn't because they wouldn't be hiding anything and they will have full transparency. And no. The scams doesn't look "legit" if you dig deep into those offers/investments/platforms. There is always something that should trigger the scam alert in you. Just do proper research. If they offer something that is too good to be true, then are very highly likely trying to scam you. So avoid them. The only way to know the difference is to use your common sense.

[lienfaye]

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us  here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Usually scam projects has a too good to be true offer that makes people dive into it for believing it is legit (majority of these investors are either lacking of knowledge or greedy).

Thus, to avoid the scam investment we need to do an extensive research before investing, much better to not invest if you dont know what you're getting into.

We're going to invest our hard-earned money so its better to be careful to avoid becoming a victim of scammers.

[Fatunad]

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us  here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Usually scam projects has a too good to be true offer that makes people dive into it for believing it is legit (majority of these investors are either lacking of knowledge or greedy).

Thus, to avoid the scam investment we need to do an extensive research before investing, much better to not invest if you dont know what you're getting into.

We're going to invest our hard-earned money so its better to be careful to avoid becoming a victim of scammers.

Too good to be true
Fast ROI
Fast way on getting rich
Easiest money making

These are the common indicators on which you could really say that you are dealing with a scam. Dont make yourself get fooled or let your greediness inside you
would take over or would control you because that would really be a big problem if you do that.

Research and be wise on taking decisions because once you do make a mistake then that would surely cost you.

[adaseb]

Crypto lately has been in the main stream and as a result there are tons of scams due to it. And most of the scams are pretty obvious but people keep falling for them.

Nobody wants to buy Bitcoin because you won’t get rich off Bitcoin anymore. Even if it eventually does hit $100K it’s only 100% gains. And that’s if it hits $100K which could be never or in a few years.

The obvious scams like Floki or Shiba inu are pump and dumps pretty much. And there are many ponzi which claim 10% profit a day, which is also a very obvious scam but people keep falling for it.

[doomloop]

We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

To find a legit trading company is not a big deal. You can easily find them in this crypto space with the help of bitcointalk forum (please not trading company only for cryptocurrency trading and not for forex trading or similar to).

You can find crypto exchanges which are providing active support from these sub:
Service Announcements.
Exchanges.

Outside this forum, you can use coinmarketcap for that: here is the direct link:
https://coinmarketcap.com/rankings/exchanges.

Personally I am using binance and bittrex; both must need KYC clearing. If you want to KYC free exchange means then you can go for kucoin. Avoid exchanges which are having open scam accusations.

[iv4n]

Too good to be true
Fast ROI
Fast way on getting rich
Easiest money making

These are the common indicators on which you could really say that you are dealing with a scam. Dont make yourself get fooled or let your greediness inside you
would take over or would control you because that would really be a big problem if you do that.

Research and be wise on taking decisions because once you do make a mistake then that would surely cost you.

I agree with you, we always come back on those common and simple indicators, too good to be true and fast ROI! Probably it's greediness that makes us believe in something that can make us rich in the short run, and I guess all of us made a mistake or two when we started investing and learning about the markets! Definitely, people shouldn't allow being fooled with big promises, and people should never trust something with all their money... careful approach, research, and thinking before making a decision is what can keep us safe and give us more chances for making a profit!

[MIner1448]

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us  here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Yes, this is true, many projects are now engaged in fraud. The main thing for an investor is to withdraw money on time, when the project is launched, unless, of course, the project is launched, then it will not be possible to withdraw money from anywhere.

[AicecreaME]

It's hard actually to tell which project is a scam or not to be honest.

But what I'm always doing is first I will always check their whitepaper, scam projects will always have a plagiarized whitepaper. Next would be their website, I will check which companies or people they are in partnership with, scam projects would have fake reviews of fake people as well in their website. Also, fake projects would always be going too good to be be true.

[Reid]

My experience is I don't know if I should line them up with other scams. Most of my investments before didn't hit the soft cap so they need to stop their campaign and closing all the connections from presale buyers. Maybe it's a scam or maybe they just also want their money back. I don't know. Maybe I am a little soft about it.
So how could you tell. First, the true scammers are obvious especially those who don't really know what they are doing. But, those who knows how to manipulate people and to look like they are legitimate business, you cannot tell. Check the team behind it. That's what I always do first.
The project. Is it to good to be true? Their offers on early birds. Are they giving away too much bonus? Good luck.

[passwordnow]

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us  here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.

Those who have been a victim before is unlikely to be a victim again by the same scam. If ever that person becomes a victim again, he doesn't learn from his experiences and still aims to earn fast money with these projects. There's no need to know about a trading company because if you're talking about it and like a brokerage, many of the scammers are hiding into that form for which that you should avoid most of them.

Do you really know the difference?

At least for the obvious scams that are asking you to deposit this xx amount and then promising you a guarantee and exact amount.

[nurilham]

There are a lot of scams here so if we are wrong to take steps then it will plunge us into losses. They provide various attractive offers to attract investors. it is difficult to determine whether an investment project is a scam or not but on the other hand we can learn to choose a good project by understanding the project itself. in the sense that we understand the concept, the team and also the development of a project. Only then can we decide whether the investment project is worth following or not.