High Profit Projects Are Prone To Scam

[savetheFORUM]

Since 2009 to 2022, 13 years Bitcoin is a highest profit in crypto market and it has never scammed anyone.
Don't chase for altcoins with promises for high profit, Bitcoin is for everyone. In 2022 the market has FTT from FTX, LUNA and UST from Terra are two big failed and scam projects.

Bitcoin isn't scam. Altcoins are scam mostly. Your choice should be very easy.

Don't you think that bitcoin will soon become unnecessary for global financial institutions? After all, thanks to them, bitcoin is traded on many global crypto exchanges. After all, they can sell their bitcoins and then ban trading them on all centralized exchanges and ban banks from working with bitcoin. There are many excuses for a ban. Any project will die anyway, the main thing is to sell your investments on time.

I think he didn't say that. In fact, he only praise BTC there. If there's one that can become unnecessary then that will only be the scam altcoins or those who are weak altcoins as they can still die later on even if they are legit. BTC is the future of money I think it's because it's digital and most things now are shifting online. This is why I believe that BTC can soon become a global currency once those who are not involved in BTC finally adopts it.

Even if BTC can't die it's still needed to sell it on time so that our efforts of hodling our BTC for a long time can be worth it. Let's forget about being greedy because we can always profit again as long as we buy back at the dip.

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[Ngemmeng]

if the team or admin is no longer active in the telegram group and does not respond to investor complaints, you can be sure that the project is a scam. supposedly if there are any problems the team should be able to provide understanding to all investors or the funds that have been collected during the presale are returned to investors. next time if you want to participate in presale also consider other issues such as partners or the team behind the project, don't just be tempted by big bonuses.

[Ziskinberg]

if the team or admin is no longer active in the telegram group and does not respond to investor complaints, you can be sure that the project is a scam. supposedly if there are any problems the team should be able to provide understanding to all investors or the funds that have been collected during the presale are returned to investors. next time if you want to participate in presale also consider other issues such as partners or the team behind the project, don't just be tempted by big bonuses.

It was not only they reject to reply to complaints or were not active on the telegram group but projects that offered high rewards during the pre-sale period mostly likely ended up as scams. Only we can assure to have rewards if that project has a working product and it is already established well but for a new project, it was really uncertain for them to give what they have promised to investors.
Many had fall into such tricks, greedy people and mostly newbies got scammed because of money, and this how scammers do taking advantage of them.

[mvdheuvel1983]

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?

The best way to keep your mind at ease is to avoid these projects that promises a ROI above 50%
It is totally ridiculous and utterly crazy.
Well, if you do decide to take the risk and join the project never invest what you cannot afford to lose.

[My ThuiHa]

Investing itself is risky. High-profit projects are definitely riskier than ordinary projects.High-profit projects depend on the strength of the publicity and the background of the propagandist. Although it is said that some high-profit projects are scammers, it cannot be ruled out that there are indeed some successful memecoins. The project team must have a clear understanding of market conditions.

[Drnice]

This is always a thing we all advise ourselves or new traders to lookout for, but one thing funny is that a team that will be scam or that will not stand by their word which at the beginning was fair, friendly and attractive at site, having achieved it's aim, ends up abandoning the project and moves with the money.
The team working on the project can't be tagged as scammers or geniue and that is why investors have this issue when it comes to investment. Making your research, you'll definitely get everything that will make a project look very good, but the heart intent of the team can't be exposed or seen on the forefront.

1. So as a new trader,  it is always important to do your own research before any Investment with any upcoming crypto project.

I do prefer this as my major fact for investment. Cause new projects now are mostly on a 50/50 take. Whence it goes right, there'll be a lot of smiles, but when it goes wrong, I dust myself and move on.

2. Invest what you can afford to lose

High profit projects are of more risk than any other projects, though some end up successfully, while those that are scam uses  convincing words of deception for defraud.

[stadus]

This is always a thing we all advise ourselves or new traders to lookout for, but one thing funny is that a team that will be scam or that will not stand by their word which at the beginning was fair, friendly and attractive at site, having achieved it's aim, ends up abandoning the project and moves with the money.
The team working on the project can't be tagged as scammers or geniue and that is why investors have this issue when it comes to investment. Making your research, you'll definitely get everything that will make a project look very good, but the heart intent of the team can't be exposed or seen on the forefront.

Perhaps, they are clever enough to hide their real identity in order for them to make other projects and scam more. They did their best so nobody could notice that they will scam us but sometimes, they will fail to protect it because we already learn from the past scam experience and we are now careful, especially for a new project that promises high-profit returns. I'd see that everyone is now doing their job which makes these scammers hard work and mostly fail in their evil plans.

[darewaller]

This is always a thing we all advise ourselves or new traders to lookout for, but one thing funny is that a team that will be scam or that will not stand by their word which at the beginning was fair, friendly and attractive at site, having achieved it's aim, ends up abandoning the project and moves with the money.
The team working on the project can't be tagged as scammers or geniue and that is why investors have this issue when it comes to investment. Making your research, you'll definitely get everything that will make a project look very good, but the heart intent of the team can't be exposed or seen on the forefront.

Perhaps, they are clever enough to hide their real identity in order for them to make other projects and scam more. They did their best so nobody could notice that they will scam us but sometimes, they will fail to protect it because we already learn from the past scam experience and we are now careful, especially for a new project that promises high-profit returns. I'd see that everyone is now doing their job which makes these scammers hard work and mostly fail in their evil plans.

If there is a good launchpad that you use and if you could get the KYC and even the security of it down then there is no problems. Like for example I use pinksale, they have safu badge, kyc badge, and a few others, which means if a project has all of them at the same time then they are doing great and there is no problem at all.

I obviously do not think that it will be done in any other way if you want to invest, it has to have all badges so I could trust it. If they do, then that means in order to get those badges they had to provide so many proof and even give control so much that they can't technically steal money from anyone and will use it for correct purposes.

[Xal0lex]

if the team or admin is no longer active in the telegram group and does not respond to investor complaints, you can be sure that the project is a scam. supposedly if there are any problems the team should be able to provide understanding to all investors or the funds that have been collected during the presale are returned to investors. next time if you want to participate in presale also consider other issues such as partners or the team behind the project, don't just be tempted by big bonuses.

This is the final stage of scam, when social networks are restricted, users are frequently banned for asking inconvenient questions, or social networks are removed altogether. The fact that the project is fraudulent should not be clear by whether the admin is active in Telegram or not. The topic was originally about projects with high interest and this is the first trigger that should help protect your money, activity in social networks should concern you in the tenth priority.

[gabbie2010]

There are many scam projects in the crypto market. In order to make profits and attract investors, many new projects will deliberately exaggerate and say that they will provide investors with the greatest profits. But over time many projects will turn into Ponzi schemes, will cryptographically prove that what they say is false, and always end up disappearing from the market as fraudulent.

I think juicy and bumper offer promised by those scam projects usually entice newbies, unfortunately those newcomers are usually very greedy and carried away by 10X profits thus swiftly invested their hard earned money into those fraudulent projects which later turned scam, infact there some of investors despite the overwhelming evidence that some those projects look suspicious unfortunately still went ahead to invest in them and due to lack of crypto market not regulated many of those projects are having a field day.

[Cantsay]

if the team or admin is no longer active in the telegram group and does not respond to investor complaints, you can be sure that the project is a scam. supposedly if there are any problems the team should be able to provide understanding to all investors or the funds that have been collected during the presale are returned to investors. next time if you want to participate in presale also consider other issues such as partners or the team behind the project, don't just be tempted by big bonuses.

They only become inactive in their telegram group, channel or any of their social media account when they have successfully completed their scamming scheme. 
When the project is still in it's juvenile state they are overly active so as to be able to get the attention of potential investors and also to give those that have invested in the project some false hope to prevent them from spreading FUD about the project and with all of these they will manage to buy their self more time to execute whatever it is that they have to do to successfully scam investors.

[dwminer1]

I have a rule that if a project guarantees or simply encourages with the promise of xxx% profits, I stay away. This approach is a big red flag for me. Of course, there are projects or hidden gems that can bring such profit, but they usually do not announce it in advance to all and sundry. Remember that if something looks too good, it is usually a scam.

[klidex]

if the team or admin is no longer active in the telegram group and does not respond to investor complaints, you can be sure that the project is a scam. supposedly if there are any problems the team should be able to provide understanding to all investors or the funds that have been collected during the presale are returned to investors. next time if you want to participate in presale also consider other issues such as partners or the team behind the project, don't just be tempted by big bonuses.

They only become inactive in their telegram group, channel or any of their social media account when they have successfully completed their scamming scheme. 
When the project is still in it's juvenile state they are overly active so as to be able to get the attention of potential investors and also to give those that have invested in the project some false hope to prevent them from spreading FUD about the project and with all of these they will manage to buy their self more time to execute whatever it is that they have to do to successfully scam investors.

It has become a habit for new projects when investors have entered and are successful in developing they will be more relaxed in carrying out a promotion and development because their targets have been met, but projects like that will not be good for the long term and in the future will only provide destruction for investors incoming.
The best and most appropriate advice is not to be interested and invest in new projects because it will only give you worry and panic if at any time the project is in trouble.
It is better for us to invest in a project that has a clear and well-proven future development.

[Psynthax]

high profit is like marketing, they are promising such thing just to make you interested nothing more but usually the outcome will be entirely different, therefore if a project offering such tremendous return that it doesn't make sense certainly the first thing you should think is maybe the project is just scam, only if it's coming from reputed platform then you should trust. I'd say so far there's no project that has gained massive returns that initially offered fixed or some kind of percentage of returns to their targeted customers, instead it's always the fact that the project itself always delivers that makes the coin rise in value.

[abel1337]

high profit is like marketing, they are promising such thing just to make you interested nothing more but usually the outcome will be entirely different, therefore if a project offering such tremendous return that it doesn't make sense certainly the first thing you should think is maybe the project is just scam, only if it's coming from reputed platform then you should trust. I'd say so far there's no project that has gained massive returns that initially offered fixed or some kind of percentage of returns to their targeted customers, instead it's always the fact that the project itself always delivers that makes the coin rise in value.

Basically too good to be true projects are scam after all. Imagine what kind of business model they have if they are giving away so much that we can't tell if the project is getting funds from the investors. Projects who are offering fixed profits are bs. Almost all in crypto are volatile and we can never know where it will go in the future so yeah it is most likely to deceive you if a project tells you that. The one who are being a victims of this projects are the one who wants easy money or those who don't have financial literacy to deal with this kind of project. Project who offers a too good to be true project offers are one major red flag of a project right now.

[uneng]

high profit is like marketing, they are promising such thing just to make you interested nothing more but usually the outcome will be entirely different, therefore if a project offering such tremendous return that it doesn't make sense certainly the first thing you should think is maybe the project is just scam, only if it's coming from reputed platform then you should trust. I'd say so far there's no project that has gained massive returns that initially offered fixed or some kind of percentage of returns to their targeted customers, instead it's always the fact that the project itself always delivers that makes the coin rise in value.

When projects promise too high rewards there are only two possible outcomes: scam or priceless tokens which you won't be able to sell even for 1 satoshi each. Developers doing this are only looking for greedy investors, as they know high rewards will attract them. It's the same method used by scammers who run hyips. Unfortunatelly that is not the kind of thing which is going to disappear from the crypto industry or from the internet, because there are many people looking for such investments yet, and since crypto is an anonymous and decentralized environment, it's also a fertile field for such schemes to take place.

[samcoin]

The opportunity to catch high ROI projects without getting scammed is always available. We have seen a lot of scams in 2021 and 2022, but that doesn't deny that some reliable projects managed to survive and gain users' confidence. Actually, most of the top 20 joined the market with much lower values than its current values. To name some: BNB, Matic, AVAX, DOT...
The existence of scam projects doesn't prevent from finding some valuable opportunities over there, specially as we are in a bear market now. However, the fundamental analysis is highly recommended, and I think it's available for everyone.

[beerlover]

When projects promise too high rewards there are only two possible outcomes: scam or priceless tokens which you won't be able to sell even for 1 satoshi each. Developers doing this are only looking for greedy investors, as they know high rewards will attract them. It's the same method used by scammers who run hyips. Unfortunatelly that is not the kind of thing which is going to disappear from the crypto industry or from the internet, because there are many people looking for such investments yet, and since crypto is an anonymous and decentralized environment, it's also a fertile field for such schemes to take place.

Developers are looking to make money for themselves first, and not to make their projects a success, that's the issue and I think it will continue to be like this for a long time considering how unbelievably difficult it is to continue down that path. I know that it is not going to be too simple to go on, we are talking about something like a wave here where scammers keep creating new projects to make money from newbie investors by promising a lot.

But, eventually something will be figured out to prevent this, like pinksale requires badges, similar to that, and people will want to see how legit a project is from that thing and invest accordingly which would make scamming harder.

[BobK71]

In 2021 there are numerous allegations of extorting money from investors with some scam projects. Some projects were attracting them with such lure that if they didn't invest there, it was like missing out on a bigger opportunity. But after investing, their false imagination throws them into the sea of disappointment. Here none of the things that an investor should have considered before investing. This situation was mainly due to greed. It's certainly true that projects that compensate for excess returns and at some point remove everything. Some projects, though promising to do something good, have lapsed due to the hostile market environment. Most of the problems arise in new projects. As the probability of profit is high, the probability of loss is even higher.

[TheUltraElite]

In 2021 there are numerous allegations of extorting money from investors with some scam projects. Some projects were attracting them with such lure that if they didn't invest there, it was like missing out on a bigger opportunity. But after investing, their false imagination throws them into the sea of disappointment.

The only crypto to keep track of is bitcoin. I understand that people wanted to take risks and learnt their lesson in due course too. But this should teach the newbies that going in to altcoins is not the same as going in to small cap stocks in the stock market. Here the only worthy coin is bitcoin and rest all are for short term max.

Here none of the things that an investor should have considered before investing. This situation was mainly due to greed. It's certainly true that projects that compensate for excess returns and at some point remove everything. Some projects, though promising to do something good, have lapsed due to the hostile market environment. Most of the problems arise in new projects. As the probability of profit is high, the probability of loss is even higher.

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.