High Profit Projects Are Prone To Scam

[Silberman]

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?

I will argue that any project which promises that you will become profitable at all with them is a scam, and if you do not believe me lets look at the most successful project ever released which in fact created this market, which is bitcoin, Satoshi created bitcoin but he never made an assurance that people will become profitable with it, in fact he even cautioned people with his famous phrase that "in 20 years bitcoin will have a large transaction volume or no volume", which basically tells people that bitcoin could be worth a lot of money or have no value at all in the future, and if Satoshi could not make those kind of promises, why people think that a bunch of developers inferior in skill and imagination can do what he could not?

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[Flexystar]

Frankly we are in the riskiest market here but we can always take shot with popular and old projects here. If anyone’s is already guessing then I’m talking about those top 10 old coins we keep seeing on CMC. Literally I feel like they are harmless coins and they could at least give us security of long term investment with them. I know it’s still risky to trust that list but there are some coins which would always be giving us positive results.

With this approach we know one thing always, we are not going to fall for the high Return projects anytime.  Definitely it’s no for us.

[albon]

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?

Yes, that's right. They promise investors exorbitant investment returns, and in the end, they steal their funds and remove all evidence of their scams. They only take advantage of the greed and lack of experience of traders and investors by giving them false promises and illogical goals in order to encourage them to invest in their projects. For example, there were projects whose goals included listing on Binance and top exchange platforms only to delude investors that their investment now will turn a year after the listing into thousands of dollars and they collect the investors’ money, and in the end, they abandon the Telegram group and respond to the concerns and inquiries of their community and flee with the money, so a trader and investor should stop being greedy and conduct his research firsthand, and they should know that any project team is among the main reasons for its success, so they should get to know the team of any project that they wish to invest in and about their expertise, professionalism, etc. We must take this into consideration.

[Silberman]

Frankly we are in the riskiest market here but we can always take shot with popular and old projects here. If anyone’s is already guessing then I’m talking about those top 10 old coins we keep seeing on CMC. Literally I feel like they are harmless coins and they could at least give us security of long term investment with them. I know it’s still risky to trust that list but there are some coins which would always be giving us positive results.

With this approach we know one thing always, we are not going to fall for the high Return projects anytime.  Definitely it’s no for us.

Not even the coins on the top 10 are to be trusted either, except for bitcoin the rest of the coins have their own problems, for example there are three stable coins on the top 10, one coin released by an exchange, a meme coin, a coin with strong ties with banks and ethereum went from POW to POS, so it is not as if we have a lot of options in which you can trust in the top 10, so anyone thinking about investing their money in this market right now should do so in bitcoin and in no other coin.

[Wiwo]

A large percentage of altcoin investments are scams, and if you ever decide to hold any altcoin then you should rest assured that you are not different from gamblers because anything can happen and there is no difference between a profit-maximizing project and with Ponzi scheme that also promises to be smart enough to robe Paul to pay Peter until the bubble burst because the bubble will definitely burst at some point. We should try as much as possible to be less greedy and tasty to make profits from any project and concentrate more on building financial stability and education and most importantly the motivation to wait for a long time with a real project with physical development other than want to get 2× profits within a short time that can only lead to scam and most scammers are already aware of that.

[Xal0lex]

This has been known since the creation of ponzi schemes. Any investment or some service that offers high interest rates is a scam. Otherwise how would it create so much profit for all users? Everything here is built on human greed, people see big numbers and run to make deposits, thinking they are smarter than those who invest at 2-4% per annum. But miracles don't happen, if you see an APY over 20%, then in all likelihood, it's a scam.

[molsewid]

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?

Sometimes yes that's true, so whenever I am going to find new project I am looking for the list of team members and reading their whitepaper thoroughly, not because their whitepaper seems professional you Wil believe it, try to check if it is plagiarized as well. but I also think that if that project really want to scam you, they will scam you no matter how good they are still they will scam you if they want.

[BIT-BENDER]

Why would you trust promises as a crypto-currency investor? It’s easy for those projects to claim to have a potential gem and a project that offers beautiful utilities on their project but ends up for it all to be fake promises.

I am not the fan of new project in crypto-currency and since I joined in I haven’t been caught in their fake promises. You need to reason beyond the things they throw at your face. Best you check the experience of its community and the team efficiency.

[coin-investor]

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.

It really is a scam from the start these projects use the yield model to entice investors from the start

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.

This is always been the complaint they really don't have any plan on listing because it will cost a lot and they want to keep the money to themselves they want more investors and when exposed they will just shut down the project, sorry for your loss but this is the situation now in the altcoin.

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?

Without a working platform and a skilled team projects like that are doomed never to invest in projects that promise high interest and potential profit, the altcoin state is now in a sorry state you can hardly see a good new project now.

[BitcoinPanther]

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?

A project promising a huge is already a red flag for me.    If they are able to make the price of their released token surge, then why not save the token for sale, put the token on market and sell it when  the price of the token goes up.

I always consider projects that boast that they will be 10x 40x more expensive has tendency to be a scam.  Besides, giving early investors bonus has proven to be fatal for a project especially in its early time because investors will just dump their freebies making the price plummet and making possible new investors to lose interest.

[tabas]

That's their marketing ploy, they're attracting investors to come to them as if they can earn 10000000% of gains from them. But in actual, there's no such legitimate project that can give them that much ROI and profit within a short period of time.
It's true that most of them are likely scam and everyone had to check it out first before entrusting and handing them your hard earned money, do not be fooled by those high earning potential scam promises.

[LastKiss]

~snip~
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?

A lot of cases out there where someone falls to a tempting big ROI since they need fast money and their greed is controlling them. Even a project that has a 20% annual ROI has a chance to fail in the future. It's true that we should stay away that a project that promises us a big ROI in a short time and never FOMO just because we see someone got a lot of money from a project.

[dothebeats]

Yes they are. If things are too good to be true, then it probably isn't. Lots of high yield projects often turn out to be scams, or if not scams, they cannot sustain what they promised from the get go. Better to enter/join something that promises growth and development in realistic numbers rather than those who promises aggressive increases but can't sustain anything. Those projects are doomed to fail, so better not enter them and not get tempted with what they're offering.

[samcrypto]

Yes they are. If things are too good to be true, then it probably isn't. Lots of high yield projects often turn out to be scams, or if not scams, they cannot sustain what they promised from the get go. Better to enter/join something that promises growth and development in realistic numbers rather than those who promises aggressive increases but can't sustain anything. Those projects are doomed to fail, so better not enter them and not get tempted with what they're offering.

You can notice this easily if the team continue to hype the project and yet they cannot deliver, you should be very careful buying any new projects and claiming to be the best on their chosen industry, most probably its just a hyped. There’s a lot of projects like this, and the good thing is most of the user here in the forum knows it already. Don’t buy because of hype, analyze the project as well and decide if you will buy now or buy later.

[TheUltraElite]

Unrealistic returns are always going to tempt the newcomers and the effect of that is going to be scam. This is known all across this forum but not among these newbies. They end up getting into the wrong coins at the start and they complain about not reaching profits.

High yeild projects are going to be quick fails to any average investor. The only such coin that can give a good return with time is bitcoin. Altcoins are going to worth nothing in a few years after their launch as tokens, so be cautious about them.

Being FOMOed about newly launched coins means loss for any investor.

[Wong Goblog]

The natural law of investment is that the higher the profit opportunity, the higher the loss opportunity. Currently, there are too many projects that certainly promise big profits. Some time ago we encountered a lot of APY rebase projects, but now investors are crying because it turns out that the price has dropped significantly. to be a scam, so beware in investing.

[yazher]

Try to avoid cryptocurrency projects that promise returns? More like totally avoid projects that promise returns; regardless if the claimed returns are excessive or not.

Exactly, I think profit making should depend on project quality and market condition.

More likely all of them have some nice promise about their future developments and promotions but only a few projects fulfilled those promises and from those few, only in rare cases you can see they actually going to the next level where they will become popular and legit investment like Binance and others. But for some other projects, they lose hope and often abandoned it when they don't get their road maps fulfilled and the bad thing about this is they leave their investors with some false promises that they will gonna bounce back but not really do anything about it. This is where most of the time newbie investors fell victim because they cannot distinguish the false from reality.

[MFahad]

All true but to add a little ballance, I take a risk on low cap coins at the end of October this year and after it more than doubled a few days ago I cashed in my initial investment and still hold the other half. Some alts from these lows can make you a fortune, getting in the right ones is the trick 

[Bananington]

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.

It is just funny that there will still be projects that will offer ridiculous returns on Investments to lure their victims and people will still fall victim no matter how much the awareness about such projects is raised. Strangely there is always a tell, a gut feeling that signals you that it is a scam, but most people who fall victims ignore that feeling, think they have struck a gold mine and choose to still try. Solid projects will offer you returns that are reasonable and not unrealistic.

[jostorres]

More likely all of them have some nice promise about their future developments and promotions but only a few projects fulfilled those promises and from those few, only in rare cases you can see they actually going to the next level where they will become popular and legit investment like Binance and others. But for some other projects, they lose hope and often abandoned it when they don't get their road maps fulfilled and the bad thing about this is they leave their investors with some false promises that they will gonna bounce back but not really do anything about it. This is where most of the time newbie investors fell victim because they cannot distinguish the false from reality.

I think it's normal for any project to promise their investor and this is better than those who don't give any promises at all because it gives the investors a confidence and they will think that the project that they are investing in are committed to improve their project until the end. It's also normal for a project to fail and it does not mean that they didn't try their best.

It's just most of them are a scam and this have affected the way the investors look at the project. They now think that every new project is a scam. Sometimes it is hard to distinguish a scam from a legit project but those who are having a hard time can always seek a help here in the forum.