How to avoid a scam project?

[libert19]

Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.

will not automatically be able to identify fraudulent projects even though they have been trapped in fraudulent projects before. but this is about awareness of how you invest money in projects that you believe in or not. thorough research is important to do. There are some people who always fall into the trap of fraudulent projects because they are tempted by large returns, even though if you calculate it, it doesn't make sense. no one will give big returns or bonuses without any frills behind it.

Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.

[Publictalk792]

usually some newbies just think some random project as the "next big thing" and call it a day, thats what make some scam project easily scam people more prominently newbies because they hesitant to ask question and even when they try to ask question they don't even know what they should ask and this is also where finding out knowledge about how altcoin works, what fundamental many altcoin present comes into play.
but honestly once we get the gist of how altcoin works in general, and also we've been dealing enough with so many altcoin even more so with thos high quality altcoin backed by some big company like coinbase for example we could know just at glance that some project are just pure shit, because we have that instinct to find the weak point of certain project when we are always investing in good altcoin and also finding technicality aspect of that coin, but for newbie, just see whether some project is overpromising.

If anyone new to this crypto world... So it is important to be careful and not get too excited by all the talk. Look into the people behind the project what they have done before and the project plan. See if there are any real world examples or partnerships that show the project is worth considering.
Check if there is behind the project the Luna owner or others who already have a scammer tag so you should be careful from these kind of projects.
Once you have a good understanding of how altcoins work and have experience dealing with various projects and have good research about them. So your mind automatically led you to the right way and this will tell you that this project is good or not. So always be careful while investing in a project.

[AakZaki]

Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.

Trading using a demo account is just trading that does not have any meaning. has no emotions, no challenges.
Being smart in demo trading will not guarantee success in real trading because it will be very different. This is indeed about how someone learns to trade from each trading history carried out.

[Jonyshake71]

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

[Tipeform$]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

If you want to avoid scam projects, you must not be trusted with new projects. If you become a believer in new projects you will be scammed so to avoid scams you must trust the token listed on the best exchange. Because most of the projects that are being developed today are being developed by scam teams. We have been seeing some teams come up with projects that disappear very quickly without creating any excitement in the market. So to avoid scams I definitely ask to trust Bitcoin and trust the most popular and top exchange listed coins.

[Hildentine]

i think in this time many type of fake projects are ongoing according to my experience is that must check project whitepaper check there roadmap and more important check there future planning if project have a strong support so invest they give you  a great profit otherwise without checking anyone invest its so risky.

[pinggoki]

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

How about the "If it's too good to be true then it probably is" rule? I think that will definitely work 100% of the time, they promise you big bonuses or questionably high ROI then you're most likely going to be having doubts about that since that's an unlikely thing for an investment to triple your investment in a short amount of time, another foolproof thing that you can do if you can talk with the people behind the project is to ask them if this is a pyramid or a Ponzi scheme? Depending on how they would react on this question, then you'll be able to measure whether they're a scam project or a legitimate one because a legitimate one would quickly tell you that they're not and will probably present to you their business model and they'd likely laugh it off but the scam project will be defensive and hostile with that question and they won't be able to prove to you or other potential investors that their project isn't a rug pull and a scam.

[BD Technical]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I don't know how anyone knows Islam project but I didn't understand before but now I don't understand like myself because good project or high quality project will never corrupt your website or your ICO and manager with you?  Because if you have some website behind you or ICO but there are twitter who are very verified and see their high quality posts, you can understand how good it is.  and Total Supply and their brand ambassadors or someone with them.  For example, if there is Coin Gecko Coin Market or E, then I can identify the projects myself.  Also you need to see how are the managers behind the project or are they trustworthy if they are trustworthy and their logic is with a good exchanger then surely the project will be of high quality like Binance Coin. Like there are many others who are trustworthy and very good quality.  And there are bills in it you can see them if you want. If there is a list you must have good value of your token and the project is very less likely to be a scam.

[Justin999]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge.

 The question is: how do you know that the project is a scam? Avoiding it is easy; what makes it difficult is what most people don't know: how to determine whether a project is indeed a scam. This is what we should teach people who don't know.

First you need to know how to find out a valid project. If you can teach yourself how to analyses about a project and verify it, then you can automatically avoid scam project. But it is not possible for every person to teach themselves and educate themselves about Cryptocurrency, so it is advisable for them not to investment new project, better to go with old top project. Scam project is really a big headache for cryptocurrency market even despite all the due diligence, People get scammed. So need to be very careful

[Obim34]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge.

 The question is: how do you know that the project is a scam? Avoiding it is easy; what makes it difficult is what most people don't know: how to determine whether a project is indeed a scam. This is what we should teach people who don't know.

First you need to know how to find out a valid project. If you can teach yourself how to analyses about a project and verify it, then you can automatically avoid scam project. But it is not possible for every person to teach themselves and educate themselves about Cryptocurrency, so it is advisable for them not to investment new project, better to go with old top project. Scam project is really a big headache for cryptocurrency market even despite all the due diligence, People get scammed. So need to be very careful

Most people go into buying new Altcoins due to the highest possibility of profit from the investment unlike top Altcoins whose profits are guaranteed within a longer time frame. New Altcoins are risky that is the reason we consider buying in little fractions and investing an amount of money we can be able to lose without affecting our cost of living.

[Uhwuchukwu53]

Therefore, as a result, it can be said that it is impossible to accurately determine the future of new projects. Everything can change in a few days, and only Bitcoin can be trusted while understanding all the risks that may be encountered in the process.

There is no doubt about this saying here no new project can be determined the best is to work on the sure existing one like Bitcoin to avoid regret many have fallen victim of failure if new project which accountable. Some projects may have all it take to stand but at the long run may not due to unforeseen circumstances and this unforseen is what we can't tell for now, because some projects has good plans, team, etc but still face this challenge that make the unfruitful. From my little experience and my challenge in new project I venture in. I can't advise beginners struggling to go into new project rather go into Bitcoin that will give you 80% of self confidence, security and value of your investment.

[synchronym]

op There are a lot of good projects coming up every now and then, if one or two bad projects come up, we must find a way to recognize them. For example, if bad projects or scam projects open their rules in the project or do not protect it, then you will understand that maybe it is a scam project. I think if there is any scam or fraud scheme then we can easily understand if it is a scam scheme if we check their website. When you realize that it is a scam scheme then you try to avoid this scheme so that you don't get hurt through it.

[AnonBitCoiner]

op There are a lot of good projects coming up every now and then, if one or two bad projects come up, we must find a way to recognize them. For example, if bad projects or scam projects open their rules in the project or do not protect it, then you will understand that maybe it is a scam project. I think if there is any scam or fraud scheme then we can easily understand if it is a scam scheme if we check their website. When you realize that it is a scam scheme then you try to avoid this scheme so that you don't get hurt through it.

Due to origination of scam project most of the people neglected the beneficial projects too because they don't have sense that all projects are not scam most of them are beneficial but it is their fault that they don't investigate but choose some bad projects continuously.

People think that these new project will give them quick and huge profit as a result of which they loss their money by investing in wrong projects without touching its whitepaper and reading other materials regarding project. There is no doubt that scam project are originating but all projects are not scam many of them are more profitable with greater reward and less risk so try to make yourself master in getting knowledge about the differentiation of project.

[Y3shot]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The best way to avoid scam project is to avoid new project believing that it will it will bring quick profit. Many people thinks the best way to make money in cryptocurrency is to invest in new projects , but new projects is just the easiest way to fall into scam projects.  Their gains in investing in top cryptocurrency,  these cryptocurrencies are very reliable to invest. Investing in new projects is very risky which their is a high possibility to lose money.

[Bushdark]

Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.

Trading using a demo account is just trading that does not have any meaning. has no emotions, no challenges.
Being smart in demo trading will not guarantee success in real trading because it will be very different. This is indeed about how someone learns to trade from each trading history carried out.

There are people who may not understand this and we should be ready to learn and not to relax for many weeks using a demi account to trade. The continuous use of demo account can agave effect on our lifestyle if we don't reduce the use of demo. The domo account sometimes makes us to relax and trade the market anyhow even when we are not supposed to take some trade due to risk management. In demo, we could leave a trade for weeks without checking because we known our money is not attcahed to it.

[letteredhub]

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

How about the "If it's too good to be true then it probably is" rule? I think that will definitely work 100% of the time, they promise you big bonuses or questionably high ROI then you're most likely going to be having doubts about that since that's an unlikely thing for an investment to triple your investment in a short amount of time, another foolproof thing that you can do if you can talk with the people behind the project is to ask them if this is a pyramid or a Ponzi scheme? Depending on how they would react on this question, then you'll be able to measure whether they're a scam project or a legitimate one because a legitimate one would quickly tell you that they're not and will probably present to you their business model and they'd likely laugh it off but the scam project will be defensive and hostile with that question and they won't be able to prove to you or other potential investors that their project isn't a rug pull and a scam.

many of us has missed some genuine projects whose promises looking at it it's really do good to be true and as a result it's seems scary to partake in due to previous scam projects that came with similar fabulous promises and got it's investors scammed. It's so confusing that we don't know which to invest in that's why it's necessary we invest in money that we can afford to lose whether the project seems to be too good or not in their business model.

[EarnOnVictor]

Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.

Experience, they say is the best teacher but we should at the same time be smart, we don't need to be experienced through bad occurrences. It might be so bad for people who are not careful, and this could be worse to the point that they will lose huge money that will be difficult for them to recover from. This calls for us to do our part and leave the rest, even as no one will entirely know the best projects, we are just trying our luck and risking at the same time. Was Bitcoin, not termed a scam in the past? That is what is now the number one cryptocurrency in the world with so much success, and if we do not buy lies at times, we will not buy true.

Many had risked and have made their millions already which is why it is so difficult to entirely make a position on the advice about cryptocurrencies. But still, when a project is new, try to learn the viability of the project, the connections and the brains behind the project, if that's if possible. Also, look for the size of the community of their supporters, and from here, you can learn about their popularity. Despite all that, you might still wait till they have their launch, but if you must do a presale, you do not have to commit the whole money you have to it at once.

I think that committing it in fractions is the best approach before and after the launch of an exchange.

[IvugeoEvolutionCoin]

The best way to avoid scam project is to avoid new project believing that it will it will bring quick profit. Many people thinks the best way to make money in cryptocurrency is to invest in new projects , but new projects is just the easiest way to fall into scam projects.  Their gains in investing in top cryptocurrency,  these cryptocurrencies are very reliable to invest. Investing in new projects is very risky which their is a high possibility to lose money.

One of the things we can do to avoid scam projects is to stay away from new projects. But I think before investing in new projects we need to check the projects and invest. Investing in altcoins is very easy. Money can be earned as well as we have to lose money due to some small mistakes.

[tengui]

There are no definite indicators to determine whether a new project is a scam or not, what you have to do is do your own research. If you are looking for a new project with the aim of investing you really have to do careful research, but if you are looking for a new project with the aim of participating in an airdrop or bounty, you don't need to do excessive research.

[MiauKitchen]

to anticipate the real scam project we need to do a thorough research about the project and a legitimate project will provide clear and transparent information about the development, users of funds and long-term goals read reviews and other regular users. legitimate projects have an active and responsive community, avoid projects that promise huge profits with low risk and always consider that security and caution are key in investing.
and always consider that security and caution are key in investing.