High Profit Projects Are Prone To Scam

[inthelongrun]

For the newbies, in order to not get scammed just think about this, if the promises of x5 or even higher or lower are legit and true, then they won't be asking for your hard-earned money since the big investors and financial institutions will be the ones pouring millions to billions of dollars. One of my current requirements in order to DYOR furthermore on new projects is if they are getting investments from Binane Labs, Kucoin, and other top crypto investors.

Some of these newbies already have an idea of these scams but they are blinded by the hope of becoming rich quickly and easily. In my country, I can see teachers, engineers, and other professionals still becoming a victim of these scams.

[SquallLeonhart]

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.

Projects are usually not aiming at that much long term, the point of a project is not to be long term neither most of the time. It is about surviving the first six months because 99.999% of all new projects die within the first 6 months, it could die at concept stage all the way to being listed on an exchange and still die, so only a handful survive that first six months.

And the ones that does usually have a ton of money, or got invested a ton of money and that matters the most. This ends up being the fact that road maps are only realistic or aimed for the first six months, if they can survive that then it would be a lot easier to recover from there and grow.

[lobo13hf]

honestly investing in a new project always carries bigger risk of losing your investment along the way, the thing is, as long as you could do diligent analyst in regard of the future potential of the project most of the time you will be fine, the only thing that usually causes so many to get scammed is that they got blinded by their greed thinking they could make quick money in some random project that's created for money grubbing and ended up getting scammed instead, even though they initially thought that they gonna outsmart the other party but unfortunately they are the ones getting scammed instead, had they did invest in some good quality project instead, surely their money will not get into waste.

[Psynthax]

I think the devs behind the project giving such big promise definitely with a reason that is to attract many potential investments, after all they are seeking for that massive flow of investments but whether they could really give that much amount of return in the long run is different matters, what they care is how they could gain funding, therefore only invest in realistic project that gives realistic return. therefore you are just being given some empty promises but the ones that really works.

[Xal0lex]

For the newbies, in order to not get scammed just think about this, if the promises of x5 or even higher or lower are legit and true, then they won't be asking for your hard-earned money since the big investors and financial institutions will be the ones pouring millions to billions of dollars. One of my current requirements in order to DYOR furthermore on new projects is if they are getting investments from Binane Labs, Kucoin, and other top crypto investors.

Some of these newbies already have an idea of these scams but they are blinded by the hope of becoming rich quickly and easily. In my country, I can see teachers, engineers, and other professionals still becoming a victim of these scams.

At the same time, having large investors does not mean that you do not invest in a pyramid scheme. Just think of investments in UST. They had a large fund that had tens of thousands of bitcoins and it turned out to be a scam because it offered high interest rates to its depositors, 20%. Such rates can only be sustained if the inflow of money into the system does not stop. Once it decreases, the pyramid collapses, even with large investors.

[romero121]

Whenever you make an investment it is good to think of the market as well as the project's core and the team. Just because it have promised for big multiples we should not invest on those projects. This is completely unfair and we could end it with big loss. Projects that are good with their development will never promise about the multiplier. They just focus on its real-time usage through which further the progress of the project can be reached.

[Saisher]

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?

Investors should stop supporting projects that offer high yields without a usable platform, everything should be usability and utility not on yield or potential profit which is unrealistic as long as we have people like this that believes that these kind of projects are worth investing in, the industry cannot attract adoption lets get rid of bad actors in the industry its the only way to fave the way for the adoption of the greater masses.

[lienfaye]

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.

Any projects promising a too good to be true profit is likely a scam. That's why we often advise the investors specially the newbies to always DYOR before investing your hard-earned money. If the profit is not realistic don't invest because no one will give you huge return specially in a short period of time. Thus don't get fooled, if you're aware of this kind of tactic of scammers then you won't be end up as one of unfortunate victim.

[d3nz]

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?

Investors should stop supporting projects that offer high yields without a usable platform, everything should be usability and utility not on yield or potential profit which is unrealistic as long as we have people like this that believes that these kind of projects are worth investing in, the industry cannot attract adoption lets get rid of bad actors in the industry its the only way to fave the way for the adoption of the greater masses.

As we know that the target market of those projects are those new in cryptocurrency and they know that these people are into easy money even though those projects are flop which means it doesn't provide any use at all just for investment and making money by their team.

HYIP is really hype and too doo good to be true but once those investors realize that they are being scammed then it's already too late to pull out their money.

[Strongkored]

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 return of this size is known by many to be impossible but greed will never stop people from continuing to invest in projects like this which is why it keeps coming because the demand is still there, they have a strategy by being an early investor so they can take more profits before the others

[Mpamaegbu]

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.

We all get wiser from experience. I'm not sure there's no one who hasn't been tricked that way here. Perhaps may be one or two out of 100. It's the reason they say, "experience is the best teacher"

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.

I guess it's about time we stopped shielding these scammers by dragging and tagging the company involved so that others will know who and who we're referring to. In that way, many of those who will also want to scam in future will know numerous eyes are watching them.

[swogerino]

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?

That 300,000% percentage yield pretty much says it all about the project,which is a red flag that this project is most probably a scam.I personally never get involved in projects,I just do my own research regarding the different altcoins and then based on my conclusion I choose where to point my mining rigs.I love mining much more than investing and the only investing I do is in gear,buying new gear to upgrade my rigs so I can make some coins from the ones I believe on,I know now everything is in red but is exactly at such time when profits are made.

[sulendra12]

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.

Especially when it's involved with High Yield Staking with high return profit for example there are always projects that offers you high return for example 500% APY which it doesn't make any sense at all to be true. If we see such kind of return and just immediately stay away from those kind of projects, don't waste your time and money on it.

2. Invest what you can afford to lose

If it's obviously scam then you shouldn't bother to invest at all.

[inthelongrun]

For the newbies, in order to not get scammed just think about this, if the promises of x5 or even higher or lower are legit and true, then they won't be asking for your hard-earned money since the big investors and financial institutions will be the ones pouring millions to billions of dollars. One of my current requirements in order to DYOR furthermore on new projects is if they are getting investments from Binane Labs, Kucoin, and other top crypto investors.

Some of these newbies already have an idea of these scams but they are blinded by the hope of becoming rich quickly and easily. In my country, I can see teachers, engineers, and other professionals still becoming a victim of these scams.

At the same time, having large investors does not mean that you do not invest in a pyramid scheme. Just think of investments in UST. They had a large fund that had tens of thousands of bitcoins and it turned out to be a scam because it offered high interest rates to its depositors, 20%. Such rates can only be sustained if the inflow of money into the system does not stop. Once it decreases, the pyramid collapses, even with large investors.

I agree. 20% is not really feasible for a normal deposit interest rate. Even bonds that go beyond 10% are already risky. Banks are also very conservative with their deposit interest rates, probably the highest they can give is 5% and it's their time deposits that have locked-in periods.

UST kinds of scams are the easiest to market since people thought that their rates are realistic and not HYIP. And they also last longer than the over-the-moon HYIPs.

[justdimin]

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.

Especially when it's involved with High Yield Staking with high return profit for example there are always projects that offers you high return for example 500% APY which it doesn't make any sense at all to be true. If we see such kind of return and just immediately stay away from those kind of projects, don't waste your time and money on it.

They aim at getting as much funds as possible at first go, and offer high yields for that. We all remember the early DeFi period where everyone started a copy of pancakeswap and the reality is that we didn't get anything that was remotely close to that at all, it was a horrible period and it shouldn't have been that high at all, but when it was, those copycats offered as high as 50000% for early days, to get that attention and the more we invested the lower it got but the first days was so high that people made insane returns.

That is why most of them failed, because people sold in bulk and made profit and whoever was left holding paid the losses.

[Jody.Drummer]

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.

Any projects promising a too good to be true profit is likely a scam. That's why we often advise the investors specially the newbies to always DYOR before investing your hard-earned money. If the profit is not realistic don't invest because no one will give you huge return specially in a short period of time. Thus don't get fooled, if you're aware of this kind of tactic of scammers then you won't be end up as one of unfortunate victim.

All projects promise lucrative profits, but if it's excessive without being supported by what their plans are for the future, it will raise a big question mark. Yes, we have to be more realistic when looking at projects that offer multiple benefits. Remember that fraudsters can be smarter to attract investors to invest in the projects they run. And the big problem is that the victims are beginners, because it will be at risk because they will most likely perceive crypto as a fraudulent project that is detrimental to crypto itself. And not infrequently those who are deceived will spread it by word of mouth so that other people will see crypto as a negative thing.

[|MINER|]

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.

Any projects promising a too good to be true profit is likely a scam. That's why we often advise the investors specially the newbies to always DYOR before investing your hard-earned money. If the profit is not realistic don't invest because no one will give you huge return specially in a short period of time. Thus don't get fooled, if you're aware of this kind of tactic of scammers then you won't be end up as one of unfortunate victim.

All projects promise lucrative profits, but if it's excessive without being supported by what their plans are for the future, it will raise a big question mark. Yes, we have to be more realistic when looking at projects that offer multiple benefits. Remember that fraudsters can be smarter to attract investors to invest in the projects they run. And the big problem is that the victims are beginners, because it will be at risk because they will most likely perceive crypto as a fraudulent project that is detrimental to crypto itself. And not infrequently those who are deceived will spread it by word of mouth so that other people will see crypto as a negative thing.

There will be always a question mark when a project gives you a high profit, specially in this  world I have seen a lots of project those who lure people to invest in their project by showing attractive APY, but later it turns out that the project is a scam. I think nothing in this world is free so I think why a project will give you 1000% apy without any work ? So It will be always suggestion to not get trap of high APY.

[Jody.Drummer]

All projects promise lucrative profits, but if it's excessive without being supported by what their plans are for the future, it will raise a big question mark. Yes, we have to be more realistic when looking at projects that offer multiple benefits. Remember that fraudsters can be smarter to attract investors to invest in the projects they run. And the big problem is that the victims are beginners, because it will be at risk because they will most likely perceive crypto as a fraudulent project that is detrimental to crypto itself. And not infrequently those who are deceived will spread it by word of mouth so that other people will see crypto as a negative thing.

There will be always a question mark when a project gives you a high profit, specially in this  world I have seen a lots of project those who lure people to invest in their project by showing attractive APY, but later it turns out that the project is a scam. I think nothing in this world is free so I think why a project will give you 1000% apy without any work ? So It will be always suggestion to not get trap of high APY.

The problem is that there are a lot of people who are too naive to filter this out because they always see that this is a real advantage. It becomes false because it doesn't make sense when one project promises huge profits in APY, even though we already know that something like this is likely. is a scam.
Indeed DYOR is very important but of course we also have to be a bit realistic because they also want profit and we are not the only ones who want something like that so it's enough to be naive and start dreaming of something that is not very realistic.

[Natalim]

As an investor, we also know how to assess whether the project can really be trusted or if they are capable enough to keep their promise.
Many people have fallen into scam projects because lack of research and less experience, but I see it was not the reason. Many are getting blind when seeing huge rewards and taking the bait from these scammers.

If we aim for earning a profit, we better stay away from new projects but instead, go buy Bitcoin and potential altcoins then we are safe.

[lalabotax]

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.

This really often happens. Many investors are trapped with the high bonus of pre-sale with under price. However, many kinds of those projects are as you said. Moreover, even if they are listing their tokens, they are living in a small exchange or even in a non-trusted and reputable exchange. Additionally, some of the projects always postpone the time for listing and end to be never listed in any exchange. The developers then run away and leave the investors. This always happens but there are still many people who become the victims. Commonly, projects that promise big things too good to be true will always end as scams.