They want your money by all means possible

[martyns]

Scammers are observing and testing every tactic in their minds, waiting for people who will follow and give them opportunities to penetrate, I understand your point, there are still people who continue to follow this kind of schemes, allowing those scammers to continually gaining money out from both newbies and old timers.

The only thing you can avoid those schemes is to invest your time educating yourself with every information about these scam actions.

With such, you'll giving yourself enough chance to notice which is scam and which is legit.

Scam projects can never be eradicated from the space but rather can be minimize and reduce if only traders tend not to be greedy. Newbies mostly fall victims to scams but with the right information and tips, they can reduce it. Investing and reading also helps improve one's knowledge about how the market operates. As for me, whenever I see a scam projects, I will noticed immediately because their maps are not always clear and hidden. Getting the right information build you on how to avoid scams.

[Marcorey]

We are now in a era where scam devs don't care about anonymity anymore,  now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

The vast majority of ICOs are scams and they are hyped and marketed on different social media platforms. Pay more attention to market conditions and news, study the white paper before investing in a project, and have an in-depth understanding of the project to prevent being deceived.

[Kelvinid]

Scammers are observing and testing every tactic in their minds, waiting for people who will follow and give them opportunities to penetrate, I understand your point, there are still people who continue to follow this kind of schemes, allowing those scammers to continually gaining money out from both newbies and old timers.

The only thing you can avoid those schemes is to invest your time educating yourself with every information about these scam actions.

With such, you'll giving yourself enough chance to notice which is scam and which is legit.

Scam projects can never be eradicated from the space but rather can be minimize and reduce if only traders tend not to be greedy. Newbies mostly fall victims to scams but with the right information and tips, they can reduce it. Investing and reading also helps improve one's knowledge about how the market operates. As for me, whenever I see a scam projects, I will noticed immediately because their maps are not always clear and hidden. Getting the right information build you on how to avoid scams.

Not only traders and investors but also influencers who encourage innocent people from investing in their projects which is eventually just a scam. Yeah. maybe this could help to minimize the scam events but it won't stop them from thinking and doing that way until such time that everyone had the care of themselves and is fully educated. But at this time, hearing someone get scam seems very common and I don't bother myself to ask what is the reason because it is always a repeated scenario.

[Maximo Spohn]

When you want to share your gains with your friends, you yourself think your relationship has reached the point where you can share the gains with each other, but your friend doesn't think so, he thinks you're showing off. People with extreme personalities may do things that hurt you.
I never tell my friends how much I gained and how much I lost. My friends do the same to me.

[BryaCull]

In crypto world or anything related to intestment, the final purpose is to get your money. Period. If you see a crypto project and have a rush to invest, please hold on. There is a high possibility that this project is a scam which just intends to get your money. I am not saying that all projects are scams but most of them are. Just wait, observe and learn. The real developers are not in a hurry and they will show you how their project develops. It's never late when you confirm everything is safe. Be patient and cautious.

[Fredomago]

Scammers are observing and testing every tactic in their minds, waiting for people who will follow and give them opportunities to penetrate, I understand your point, there are still people who continue to follow this kind of schemes, allowing those scammers to continually gaining money out from both newbies and old timers.

The only thing you can avoid those schemes is to invest your time educating yourself with every information about these scam actions.

With such, you'll giving yourself enough chance to notice which is scam and which is legit.

Scam projects can never be eradicated from the space but rather can be minimize and reduce if only traders tend not to be greedy. Newbies mostly fall victims to scams but with the right information and tips, they can reduce it. Investing and reading also helps improve one's knowledge about how the market operates. As for me, whenever I see a scam projects, I will noticed immediately because their maps are not always clear and hidden. Getting the right information build you on how to avoid scams.

Not only traders and investors but also influencers who encourage innocent people from investing in their projects which is eventually just a scam. Yeah. maybe this could help to minimize the scam events but it won't stop them from thinking and doing that way until such time that everyone had the care of themselves and is fully educated. But at this time, hearing someone get scam seems very common and I don't bother myself to ask what is the reason because it is always a repeated scenario.

Me as well, i don't bother myself when I hear such things  cypto is no longer new and investing without doing your research is a careless mistake that newcomers will do, though it's not just newcomers but also those old but lazy investors, they lose their money thinking that taking the big risk will result them a quick and easy pocket.

Influencers though got a huge impacts since they are the one who encourage the people to invest with their supported projects, alongtheway they will just run along with the scam developers.

[Mr. Magkaisa]

  - At this time in the cryptocurrency industry, it seems difficult to judge whether the project is a scam because as you said even if it is listed on an exchange the scammers end up getting a lot of victims in reality.

If the former traders and community in the crypto space are still being victimized by these scammers, what about the newbies who don't have enough knowledge of cryptocurrency, especially?

[Crypto-Ivan]

There are many scams in the crypto world and everyone needs to be vigilant and don’t trust anyone in the crypto industry. Many new projects use various incentives to attract more investors, and it is easy for inexperienced people to believe it and fall victim to scam projects.

Do your own research before investing in new projects, don't be greedy and invest in new projects cautiously.

[xSkylarx]

There are many scams in the crypto world and everyone needs to be vigilant and don’t trust anyone in the crypto industry. Many new projects use various incentives to attract more investors, and it is easy for inexperienced people to believe it and fall victim to scam projects.

Do your own research before investing in new projects, don't be greedy and invest in new projects cautiously.

All of us really need money, so scammers are evolving. If we don't get cautious, then we will get scammed. There are tons of projects right now, and they are hiring influencers so that they can advertise their coin but end up scamming. Imagine they are really investing big just to scam you. Now is really the time to learn, research, and be cautious with regards to investing in cryptocurrencies.

[bots1]

4. High volume on the listed exchange doesn't make a project clean from going scam.

This particular point could benefit for some people where they can make some quick profit when they buy it low before the scam begins, in early days you can do that easily but it's rather difficult to do it now.

Right. It is better to sell quickly while the price is higher than the purchase price to make a profit because usually coins from new projects do not last long and tend to experience significant price drops even in the long term sometimes disappearing from the exchange. Therefore, if we invest in a new project, we must be good at analyzing it and must make the right decision when to sell.

[Fredomago]

4. High volume on the listed exchange doesn't make a project clean from going scam.

This particular point could benefit for some people where they can make some quick profit when they buy it low before the scam begins, in early days you can do that easily but it's rather difficult to do it now.

Right. It is better to sell quickly while the price is higher than the purchase price to make a profit because usually coins from new projects do not last long and tend to experience significant price drops even in the long term sometimes disappearing from the exchange. Therefore, if we invest in a new project, we must be good at analyzing it and must make the right decision when to sell.

Right decision when to sell or much better to have right executions when you start investing with new coin, we all know that in this kind of market the quicker you gain the better you should sell your hold assets, the chance that it will fall after is really possible and if you miscalculate, then expect to lose your investment,

most of those new coins after reaching the target profits will end up dying in a natural way, meaning to say that they will be just abandoned the coin and create new one to allure another investors to follow them and will keep repeating the same scheme to get more money.

[Ararbermas]

  - At this time in the cryptocurrency industry, it seems difficult to judge whether the project is a scam because as you said even if it is listed on an exchange the scammers end up getting a lot of victims in reality.

If the former traders and community in the crypto space are still being victimized by these scammers, what about the newbies who don't have enough knowledge of cryptocurrency, especially?

yep, because newbies are always the main target of some scammers in the space and day by day the victims are increasing since most of the scammers can make a very promising projects as well like the legitimate. So its not surprising why even some expert and people who have been here still fell in it because scammers getting smarter also they always find ways. Lol

[RealMalatesta]

4. High volume on the listed exchange doesn't make a project clean from going scam.

This particular point could benefit for some people where they can make some quick profit when they buy it low before the scam begins, in early days you can do that easily but it's rather difficult to do it now.

Right. It is better to sell quickly while the price is higher than the purchase price to make a profit because usually coins from new projects do not last long and tend to experience significant price drops even in the long term sometimes disappearing from the exchange. Therefore, if we invest in a new project, we must be good at analyzing it and must make the right decision when to sell.

But, he just said that is difficult to do now. I am not a fan of investing in new projects but it might be true because we are on a different time now and many scammers have invented new ways to scam people. Locking the liquidity and locking the token where you can't send the token that you get from another wallet is now even possible.

Scammers are a pest in the crypto world because they are damaging the reputation of other new legit projects. Now many people are scared to invest on new projects thinking that all of them are the same. They are afraid to get scammed. How I wish that all scammers will get a bad karma and burn in the hell once they die.

[Jaered]

These days scams are as brazen as can be. I learned the hard way that even if a project is green-lighted by the best platforms or audited by the best audits, it can well and truly scam you. I have so many examples, the latest is Cylum Finance that was audited by Cerrik, which is an industry audit leader. Even the team was doxxed. Still didn't stop them from rugging the investor, me inclusive

[bots1]

These days scams are as brazen as can be. I learned the hard way that even if a project is green-lighted by the best platforms or audited by the best audits, it can well and truly scam you. I have so many examples, the latest is Cylum Finance that was audited by Cerrik, which is an industry audit leader. Even the team was doxxed. Still didn't stop them from rugging the investor, me inclusive

Fraudsters are getting smarter at disturbing investors to be able to get money by all means. We shouldn't get caught up in investing in the newest project. If you don't dare to take the risk of investing in a new project, it's better to invest in coins that have been tested and have strong fundamentals so that it is more profitable to invest.

[Yatsan]

These days scams are as brazen as can be. I learned the hard way that even if a project is green-lighted by the best platforms or audited by the best audits, it can well and truly scam you. I have so many examples, the latest is Cylum Finance that was audited by Cerrik, which is an industry audit leader. Even the team was doxxed. Still didn't stop them from rugging the investor, me inclusive

Fraudsters are getting smarter at disturbing investors to be able to get money by all means. We shouldn't get caught up in investing in the newest project. If you don't dare to take the risk of investing in a new project, it's better to invest in coins that have been tested and have strong fundamentals so that it is more profitable to invest.

There are other ways to know whether a project is a fraud or not such as background checking on people or team behind that project. Check if they had good ones before if possible. But that is indeed true; no matter how we secure not being scammed, if it would then things would happen. But if you're that anxious, then avoid investing to projects then. Engage with other crypto activities which would generate profit. For sure other project investors are aware of the risk of being fooled by new projects but they are taking the risk still. If you cannot do the same thing, then try trading or investing to released coins in the market; profit may not be as what you're used to but everything can be learned.

[Tony116]

These days scams are as brazen as can be. I learned the hard way that even if a project is green-lighted by the best platforms or audited by the best audits, it can well and truly scam you. I have so many examples, the latest is Cylum Finance that was audited by Cerrik, which is an industry audit leader. Even the team was doxxed. Still didn't stop them from rugging the investor, me inclusive

Fraudsters are getting smarter at disturbing investors to be able to get money by all means. We shouldn't get caught up in investing in the newest project. If you don't dare to take the risk of investing in a new project, it's better to invest in coins that have been tested and have strong fundamentals so that it is more profitable to invest.

There are other ways to know whether a project is a fraud or not such as background checking on people or team behind that project. Check if they had good ones before if possible. But that is indeed true; no matter how we secure not being scammed, if it would then things would happen. But if you're that anxious, then avoid investing to projects then. Engage with other crypto activities which would generate profit. For sure other project investors are aware of the risk of being fooled by new projects but they are taking the risk still. If you cannot do the same thing, then try trading or investing to released coins in the market; profit may not be as what you're used to but everything can be learned.

I believe there is no way to determine which project is going to scam us until we realize we have been scammed. Take a look at Luna and FTX, both of them are top names in the market and the people behind them are top-notch talents in the crypto industry, but in the end, they are all scams. The best way to not get scammed is to invest in bitcoin only, never invest in altcoins and stay away from centralized exchanges then you will never fall into these traps.

[Victorik]

We are now in a era where scam devs don't care about anonymity anymore,  now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

It is becoming more and more difficult by the day to differentiate a genuine project from a scam.
A project looks very real and promising and before you know it, it has rugged.

My question to the OP is this:
So, how to we tell a genuine project from a potential scam project if all of these previously check are no longer a guarantee?

[Bitstar_coin]

Yeah, scammers are so advanced that these are no longer what makes a project legit, before now when you see a project with a visible team, audited by a known audit firm, a great website and listed on a high volume exchange - you will immediately make up your mind the project is legit enough and can be trusted. The story has changed so much, the team doesn't need to be anonymous to scam.
The type of scam happening now is well organized and planned for a long time to be more convincing to their prey.
From what we have seen in both ftx and luna, some projects will not scam at their infancy, they will be in operation to gain enough trust from their investors before they strike. These among other reasons why most investors don't want to be in alts projects long term, they rather buy and hold btc for long term.

[bastian466]

As we already know investing in a new project is like gambling but things like that are very hard to avoid like there is magic that makes us blind so we are interested in the offers that are offered so we are interested in risking your money besides the desire to get money quickly and easily so  take the wrong path without having to think about the risks. old project that was at the top now highly recommended, do something in your faith if it is profitable