Its a big red flag

[VRExpress]

Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag

If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.

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[sunsilk]

Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag

If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.

It certainly is.

A project should be focusing on its development and that's what they should boast of and not on how much money you can make. If they have that type of guarantee and promise, it's likely that they'll giving false promises and that should be taken into account by potential investors.

Money will follow the project if the development is great but there's no guarantee that even it's successful, they're still prone into some rejections and possible losses at the start.

[Teraboy]

Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag

Yeah i do agree with this. The project didn't even focus into the product but this project was giving promise like when you are investing on it and then you will be able to earn degular big passive income from tokens that you have bought it during the ico sale. I have seen that bunch of scam projects are also using this idea to fool the new investors. The new project has no active source income and that will be a disaster for investors who got promised to get passive income from there.

If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.

Yeah but mostly the new projects have no clue about what should they do. They are offering so many promises to trap the investors. I just avoid to deal with this kind of project.
So many scam projects are using this shitty strategy.

[danherbias07]

Indeed, that is true.
Most projects now are a pyramid scheme which is an old tactic and easy to recognize. First investors are the ones who will harvest more and the newcomers will be the ones providing that profit for them. It should be a never-ending scheme to become an inviting investment. But what if you are the last? I kind of join some projects that have that kind of strategy but first I make sure that I am part of the initial wave or the beta investors before purchasing their coin.

[TastyChillySauce00]

this seems true and I do agree, a team that always talking in regard of profits and return of investment always seems rather greedy in my eyes, and it could means that our investment will definitely not be safe .
if they are more focused in their products more and talks about the development of their products it could mean that they are really committed in building their own products and the profit and return of investment will always follow if they could
create some really extraordinary product but if they are just talking about the scheme of making great profit out of their promised product, then most of the time it’s just bullshit.

[7deadlyBTCIN]

Expected..what do scammers have to give than their empty words and promises?  the sad part about this point from op is people will still believe those fake promises, if I'm in a position to talk to billions of crypto newbies I'd say don't invest money on that very first month you know what crypto is all about, take time to do some research and learning.

[Ulven]

Yeah, If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag!!!
The next thing to pay attention to is the team behind the project. Do they have a good reputation? Have they worked on other projects before? Can you find any information about them online? The better you know the team and their track record, the more likely it will be that this team will follow through with their road map

[Jackl87]

Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag

If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.

I think and i really hope that every investor is aware that money can not be generated out of thin air. So as you already say, every project that is promising an APY of 1000% per year for everyone can not be a serious project in my opinion. This may be true and sustainable for a few weeks or so when new people are still coming in but as soon as the first big investors are selling of their tokens the whole system crumbles, so in the end it is all just a ponzi scheme. That being said, in the end every asset will lose it's value as soon as their are more sellers than buyers and if there are no buyers there are at all it's value will go to zero.

[robelneo]

Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag

If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.

Even legit projects promise profit and yield to their investors, investors will not invest in a project that they think will not give them profit in the future, let's be honest to ourselves we are investing to make money the big difference is legit projects back it up with a platform and great project, compared to fake projects that just backed with an empty promise and hype.

[MidNite36]

In a world where projects with utilities still fails there comes projects that have nothing to offer but empty world and broken promises, who should be blame for this? Thanks for sharing this warning those who will learn will learn and those who won't will end up learning the hard way.

[maydna]

It should be so, but unfortunately, many of those projects do not directly promise that false guarantee. They tell their prospective investor that their project is very good and could provide benefits in the future. That makes many investors fall into their trap. In the end, that investor invests some amount into the project. The fraudsters are getting smarter in hiding their true intentions and goals because they know that the old trick will not work, so they modify it according to the existing situation and conditions.

Perhaps, if you see that what they promise looks too good to be true, you need to be more careful because that could be a trap waiting for you. That's why you don't invest a lot of money if you are not ready to take the risk.

[Skinny48]

HEX is one of those projects that promised insane amount of profits to their investors and still manage to keep their promise, I thought the project was a scam until it proved me wrong, till today hex is still doing so well, the only difference here is HEX team are not new to blockchain technology.

[uneng]

We must be careful, because not only projects which keep talking about money gains are scams, but there are also many projects which have useless purposes nobody is asking/demanding for or that are impossible to work on practice, for being too surreal, like the popular metaverses.

Scammers developers use different strategies and better if we are aware about all of them.

[Zotak337]

This type of projects brings fast money if you know your ways but not advisable for newbies, some projects only deserve your money for few weeks and take instant profits once you see their volume increasing, it's why I made much money from meme coins this year, I knew they are not good but still invest and took profits asap.

[isaac_clarke22]

~

No shit, OP.
Sorry but that's a really common knowledge now these days, OP. There's just those too good to be true thing in every single part of crypto especially when it involves investing your own money and sanity.
+200% overnight? Who would thought?

[JooBra]

This type of projects brings fast money if you know your ways but not advisable for newbies, some projects only deserve your money for few weeks and take instant profits once you see their volume increasing, it's why I made much money from meme coins this year, I knew they are not good but still invest and took profits asap.

I did similar this winter with p2e games get in early and get out after some time. Long run bad investment but makes profit in short term.

[kentrolla]

That's pretty obvious a scam, any sensible investor will be looking for the technology and service the project has to offer rather than going for their false ROI chart because if the roadmap and service which the project has to offer is good then by default investors will get good ROI. Gone are those days when investors used to blindly invest and now investors thinks multiple times even before investing in legit projects due to scams.

Already people have lost lot of money by investing in projects which only talks about profits and now apart from newbie others won't be investing on such projects.

[Ziskinberg]

Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag

If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.

That's what we called Ponzi scheme, it's their main strategy of marketing to entice people from investing. However, educated investors would not fall for that trap, that's why it's very important to spread awareness so investors would choose to invest in a real project with long-term potential, not in the short term that is trying to scam investors only.

With education, they will not mistake crypto as a scam if they fail, they would understand the risk so failing is possible.

[Bitstar_coin]

It is definitely a big red flag when you see the core team engage in discussing the money to be made rather than talking about the next goal to achieve, better to walk immediately,
Most serious team doesn't talk price and they sometimes don't allow it in the main group channel,  their main focus is to build a solid project.  

[erep]

Projects that promise guaranteed profits should be avoided because the team implements the Ponzi scheme concept in the whitepaper, especially on many new projects, stays away from investments from low reputation projects and must actively analyze projects for investment decision considerations.