High Profit Projects Are Prone To Scam

[Cling18]

Developers will always find ways to make their project legit and reliable simply by making high-profit promises which are too good to be true. Investors who fall for their trap are the people that they will be milking to make money. Scam projects can easily attrack investord who want huge profit in just a short period. Despite hearing good promises of profit, we should still do our own research and analyze everything to know if a project is legit.

[cryptomaniac_xxx]

Developers will always find ways to make their project legit and reliable simply by making high-profit promises which are too good to be true. Investors who fall for their trap are the people that they will be milking to make money. Scam projects can easily attrack investord who want huge profit in just a short period. Despite hearing good promises of profit, we should still do our own research and analyze everything to know if a project is legit.

Yeah, that is the first sign, if it's too good to be true promise, like high yield or saying X amount of returns, then most likely they will pull a exit scam. We have seen this kind of bitch move from projects in the past and I doubt that it will change in the future.

Even the so called huge exchanges as well, just look at FTX, it collapses, losing billions of investors money.

So very hard for us investors who to trust at this point, just saying.

[Captain Corporate]

I got involved with one of these a few years back during the rush of bull run was still at its peak and DeFi was so profitable that you could invest into anything that was defi, you would have made some profit. What ended up as a bad investment because they turned out to be a scam, turned into people working towards making it back to come alive again, the owner was out anyway, so it was truly decentralized considering the scammer owner could have done nothing but maybe close the website but they couldn't made a single cent profit from it. Hence it became profitable again after 6 months of waiting, well to be fair I didn't wait, I forgot about it and when I checked it again months later, I learned about this story.

[beerlover]

Greed is one factor another is the lack of having a whole number coin. 0.01 BTC seems like a small amount to someone who does not know the cost of 1BTC, but 10,000 Shitcoin sound like a big number even though the shitcoin is worth dust.

The idea that they could end up buying 10k of a token that doesn't worth much when they snub 0.01 bitcoin is the biggest reason. I have seen so many people who bought millions of shiba, and they said it was "millions of it" and if it is even 1 cent then they would be all rich. We all know that couldn't happen, and we all know the marketcap it would require to get it there, and yet they still couldn't understand that.

Not to understand something so so simple, like elementary school level of mathematics, is the reason why we make money because those people lose their money to us, people who know math. I am glad about it because if they didn't, where would we make money from.

[Hypnosis00]

I got involved with one of these a few years back during the rush of bull run was still at its peak and DeFi was so profitable that you could invest into anything that was defi, you would have made some profit. What ended up as a bad investment because they turned out to be a scam, turned into people working towards making it back to come alive again, the owner was out anyway, so it was truly decentralized considering the scammer owner could have done nothing but maybe close the website but they couldn't made a single cent profit from it. Hence it became profitable again after 6 months of waiting, well to be fair I didn't wait, I forgot about it and when I checked it again months later, I learned about this story.

This is the truth - some people earn a huge profit but some of them had also too unlucky and lose their money. But I see this happen when investing coins during the hype, most of the time before we rejected the possible decline, we are always thinking that it keeps going higher but suddenly, drops come and never rise back again. A lot of people has been a victim of this during the ICO, IEO, and Defi times but the good thing is that we are started to learn this time and have been cautious with these new projects.

[Little_Sister]

This is the truth - some people earn a huge profit but some of them had also too unlucky and lose their money. But I see this happen when investing coins during the hype, most of the time before we rejected the possible decline, we are always thinking that it keeps going higher but suddenly, drops come and never rise back again. A lot of people has been a victim of this during the ICO, IEO, and Defi times but the good thing is that we are started to learn this time and have been cautious with these new projects.

Many victims of losses from ICO, IEO and Defi effects previously were attracted to short investments for high profits, but ended up losing because investments in new projects without guarantees could last until the current market, all altcoins are temporary and disappear. So when the next market trend is, we invest carefully even though the lure of big profits, it's better to choose top altcoin investments.

[evichi]

Yes, it is indeed what intending and even experienced crypto investors have to be aware of. The moment a project promises a-too-good-to-be-true profit or yield, then we have to raise eye-brows and suspect, more especially when the team members are new/have no tract records of previous successful projects. It is unfortunate that scammers are making use of the crypto space to defraud people of their hard earned money. It is also noteworthy the the project team refused to list by continuously postponing the listing date because they know scam tokens can hardly be listed since the exchanges will very likely expose them. In all instances, it is important to always carry out detailed research before investing and only invest what you can afford to loose.

[Nuraiuii]

Many new projects will promise to provide investors with maximum profits for more publicity and maximum profits. But over time, scams that expose them and even projects disappear. There are many cryptocurrency projects that are already scams. Don't be too greedy in the encryption industry to reduce the occurrence of more losses.

[laylagur]

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader,  it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

In fact, I don't sympathize with people who are cheated. Pizza doesn't fall from the sky. Greedy people will eventually be killed by themselves. With such a high return, I believe no one will sue you for this opportunity. This is human nature.

[Jatiluhung]

Many new projects will promise to provide investors with maximum profits for more publicity and maximum profits. But over time, scams that expose them and even projects disappear. There are many cryptocurrency projects that are already scams. Don't be too greedy in the encryption industry to reduce the occurrence of more losses.

Projects that promise unreasonable profits really need to be watched out for. because the original project will not promise big profits in a short time. But a good altcoin project always shows positive project progress and always ensures the project continues according to the roadmap. those who are targeted by scam projects are those who are new to the crypto industry. and unfortunately indeed many beginners are deceived by projects like that. This is where we need to do a careful analysis. and we must prioritize sound logic rather than greed. But by now I think even beginner have become smart enough not to fall for scam projects.

[Dr.Osh]

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader,  it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

giving a bonus of 5x greater than the investment fund at the time of the presale made me suspect that it would end up being a scam. even before the project started, the developer had planned for the project to crash. That's not to mention the sales after that, however, we can guess that a project like this could end up being scammed, abandoned, or at least the price is way too cheap and it makes investors lose even when they first list.

However, people in this group have always advised not to be tempted by huge bonuses. especially if the information about the team or roadmap given by the project is not clear. it is like investing in something that is really very uncertain without any preparation. So, before investing make sure that you have done in-depth research on it.

[Xxmodded]

Last several years during ICO still popular and hype easy how to earn greater than 5x for earning profit dur ICO or pre sale project joining, usually have excited with last several years ICO project promising bonuses when early entry at pre sale. I don't think there are have indicate with scam project due bigger bonuses received.

Have different with right now, there are have ended era with ICO but still have several pre sale kinds and not running effective yet with less interested from investor, many coins directly listing on the market without any progress due pre sale or open ICO selling.

[Ziskinberg]

Many new projects will promise to provide investors with maximum profits for more publicity and maximum profits. But over time, scams that expose them and even projects disappear. There are many cryptocurrency projects that are already scams. Don't be too greedy in the encryption industry to reduce the occurrence of more losses.

Projects that promise unreasonable profits really need to be watched out for. because the original project will not promise big profits in a short time. But a good altcoin project always shows positive project progress and always ensures the project continues according to the roadmap. those who are targeted by scam projects are those who are new to the crypto industry. and unfortunately indeed many beginners are deceived by projects like that. This is where we need to do a careful analysis. and we must prioritize sound logic rather than greed. But by now I think even beginner have become smart enough not to fall for scam projects.

There is no other option but to skip and ignore them because we only regret and suffered losses if we urge to take them.
We have to learn from others' experiences and make those things a reason to stay away from these attractive offers that have usually been a common practice of scammers. We don't let them win nor give them a chance to continue their evil plan and much more to ruin the market reputation. We'd make ourselves tempted to invest in small offers and rewards for they are true to what they have said.

[sulendra12]

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale.

It's so easy for them to give the investors bonus during presale but is it worth it at all for you? For the risk of getting scammed or the price isn't something that you are comfortable with because most of the projects that are currently in presale are pretty much could end up in same scam scheme with whatever reasons they could come up with or not.

The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project.

It's a classic reason for them, I bet they don't even bother to make a listing proposal at all.

When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.

Always to check the members everyday and if possible just avoid investing in new projects for now, it's not worth it.

[Marykeller]

I just wished all the investors in crypto will know that not all projects that promise high returns will eventually pay off as claimed.

All these promises of high returns in the crypto space are because of how competitive it is in crypto to get invest in your project. There are thousands of projects in the crypto space and they all need investors in the project. The only way to get investors to flock to your projects is to promise them a high return and watch investors rush to your project. While in the real sense, they can't fulfill the promise of high returns.

Promises of high returns are what project owners are doing and it is working for them. It is a pity that it can stop soon and many people will still be falling for it.

[TheUltraElite]

In fact, I don't sympathize with people who are cheated. Pizza doesn't fall from the sky. Greedy people will eventually be killed by themselves. With such a high return, I believe no one will sue you for this opportunity. This is human nature.

Those who don't understand how the market works and how people get scammed will fall for high return schemes which are essentially scams or pump and dump. There are those who hunt for such projects and they might make money but in reality most of them are going to lose which includes the common folk at this forum.

The way to avoid this is not to get greedy, but keep patience to buy low and sell high.

[cafee_orange]

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader,  it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

Apart from your explanation, I will add a little so that we all don't choose the wrong project to invest.
for example, if there is a project that promises greater profits for investors, then don't be easily swayed by that false promise, the solution is to ensure that you do research and analysis more quickly. therefore an offer from me to those of you who want profit, if you have a lot of capital you should invest in quality projects, both old and new projects. You can set aside your funds in coins such as ethereum, bitcoin or Binance

[fuguebtc]

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader,  it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

In fact, I don't sympathize with people who are cheated. Pizza doesn't fall from the sky. Greedy people will eventually be killed by themselves. With such a high return, I believe no one will sue you for this opportunity. This is human nature.

It sounds very cruel, but I also agree with you, I believe we are all adults here and aware enough that making money is not easy, nothing is free in this world. Those who are scammed, they deserve it, it is their greed that they suffer the consequences, if they weren't greedy, and didn't dive into get-rich-quick projects, they would never have been scammed. Earn money with your own efforts, cryptocurrency as well as outside life, to earn money you have to work hard, nothing is free.

[Moeda]

3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

Indeed, there are very many new projects that fail to be released to the stock exchange, and this continues every year. This is because too many cryptos are being developed in every year. But for those who want to get money instantly, of course they will cheat investors. But for those who are really developing a project for the future, of course they will do whatever it takes to make the project successful even if they lack investors in the early stages.
Of course in terms of crypto investment, especially at the presale stage, it is necessary to do more in-depth research. We worry that they are not actually doing anything for the future of crypto, but are making money in ways that are not true.