What tips you will give to a new investor to identify scam projects early ?

[Strongkored]

1) Detailed research about the project and people behind the project.

I don't really understand the situation at the moment but just remember when ICOs were very booming how many projects used fake names and photos to deceive their investors and also if he wasn't a well-known developer of course we couldn't know his actions in the crypto world and also see how some well-known developers actually make their projects cause losses to their investors so this cannot be used as a guarantee.

2) Asking about the project on forums like bitcointalk where more experienced members can give proper advice.

And I feel this is better because many members on this forum are honest in expressing their assessments about new projects except for newbies, I quite doubt it.

Another step that we can take is to continue to monitor developments or news about cryptocurrency, this will increase knowledge, including new forms of scams launched by developers or also potential projects that are scams because their fundamentals are very weak.

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[johnsaributua]

This is not just about giving tips of how we can know scam project because this can be very difficult to the newbies.
The more we stay in the market, the more we tend to understand the market. If we know what we are doing and are able to work with so many projects, with that we can know what project really worth our investment. This is why investors that had been in the market for long can always spot bad projects because they might have fallen victim to majority.

Yes that's right sir, I agree that trading is not a competition over whose predictions are the fastest to identify instantly, the solution step is to keep your footing even though you are still monitoring in an altcoin because you are increasingly recognizing charts with past conversions (maybe some time near the beginning of the listing) because trend events may repeat themselves. If anyone guesses so quickly on his full analysis in the future conditions are not the same because it needs such identification. Moreover, altcoins are so not too many visits if you are sure it is better to reduce the percentage of capital into several parts of the buying session. for me there is no need to force a long time as fanatical as anything on an altcoin because the goal is trading by utilizing existing market segments.

[Luffygroove]

You know, along with the development of the crypto space, of course it would be more difficult to spot scam projects immediately. Even after thorough research, some of us could get scammed. Why? Because these criminals learn too, their scam trials develop too. It's not only us who get smarter; they're too. One thing is for sure: if they promised you good-to be true deals, then just leave them; it might be a Ponzy scheme. Another thing to minimize the risk is probably if the team is doxxed; although it's not always a green light, a thorough check in general is still needed.

[dlightag]

Base on my little experience being a victim of scam, I invested my money and get lost at the end. The number one thing to check is the team behind the project and social media, like Twitter and telegram communication and finally Smart contract address of the holder and transaction recorded, at least with these few tips you're good to go by investing on the particular Coin you make research on.

[odunybiz]

Tip 2: check their socials and telegram community (if any), see how much people are also interested in them. Do people believe in them or just unnecessarily hyping them.

Community speaks well about how far a project can go but this days, scam project go far to buy social accounts with many followers and use it for their project. They deceive people with the number of members they have on their socials especially on Telegram. If it's Twitter, check the numbers of people they are following, this may guide you to know if it's a purchased Twitter account. Scammers are becoming more expert everyday on their scam, so investors need to be very careful.

[Sophokles]

Tip 2: check their socials and telegram community (if any), see how much people are also interested in them. Do people believe in them or just unnecessarily hyping them.

Community speaks well about how far a project can go but this days, scam project go far to buy social accounts with many followers and use it for their project. They deceive people with the number of members they have on their socials especially on Telegram. If it's Twitter, check the numbers of people they are following, this may guide you to know if it's a purchased Twitter account. Scammers are becoming more expert everyday on their scam, so investors need to be very careful.

Sometimes the community can be the most deceiving, provoking you to make the wrong decision. Many projects use shillers in their early stages to show investors how active their community is when most of that activity is done by bot accounts. How strong a project is can be justified by seeing its team members and who is funding it. A project can be very good, but without proper marketing it won't be able to build a community. So funding from VC is also important to build a successful project.

[oktana]

Tip 2: check their socials and telegram community (if any), see how much people are also interested in them. Do people believe in them or just unnecessarily hyping them.

Community speaks well about how far a project can go but this days, scam project go far to buy social accounts with many followers and use it for their project. They deceive people with the number of members they have on their socials especially on Telegram. If it's Twitter, check the numbers of people they are following, this may guide you to know if it's a purchased Twitter account. Scammers are becoming more expert everyday on their scam, so investors need to be very careful.

Good thing to mention, however, you can figure it all out. An instance of how you can figure this out is checking how Instagram shows everyone your name change history. So if you buy an account in Instagram and change the name, it shows how many times you’ve changed the name so they are guided. I’m not sure if Twitter does the same, but you can do twitter audit which will tell you how many percent of the followers are real. Even the Twitter replies will be able to tell if people genuinely seek the project.

[strunberg]

We can see whether it is a scam or not by their promises and their explanation about the project. It is not 100% accurate but at least it is a sign whether the project is a SCAM or not. I always look at how the development team promises whether it makes sense or not. Most projects are scams because they are looking for quick profits, they will make very tempting promises such as high interest. You can also see a presentation about their project whether it makes sense or sounds like an impossible ambition.

[oktana]

We can see whether it is a scam or not by their promises and their explanation about the project. It is not 100% accurate but at least it is a sign whether the project is a SCAM or not. I always look at how the development team promises whether it makes sense or not. Most projects are scams because they are looking for quick profits, they will make very tempting promises such as high interest. You can also see a presentation about their project whether it makes sense or sounds like an impossible ambition.

But if this is the only way you can determine then it’s kind of flawed because what if the project launches and give realistic but enticing offer in which they aren’t claiming to double the money but that you will make good gains (just about like every other project does). Your method isn’t bad but what I’m saying is that you should have different methods so even if one fails, another won’t.

[Promocodeudo]

Identifying a scam projects is difficult sometimes but there are great tips that can help anyone to identify them, if you want to identify scam projects you have to make a versed research on such project to know it's authenticity, when you are making this research meet friends that are into the business explain to them too, i know for sure that they will definitely have something to say, the longevity of the project should be ascertained too because must scam projects dont last up to one week, so this things should be considered before you fully decide to take part in any project.