Post
Topic
Board Altcoin Discussion
Re: How would we know which cryptocurrency would be Scam?
by
hajimasan
on 06/07/2018, 23:51:11 UTC
As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?
We can't say with surity that which one is legitimate and which one is not , because if you will make money in any project then you will say that , that project is better and guinine , regardless of the factor whether the project is legitimate or not .
So don't think any cryptourrency as a scam .
You need to see that how the project is working and at what condition is , I mean if any coin is launched at the exchange and market is better , but still actual coin is not made , then still we have better chances to make money by the fluctuating market , and in that case all depends upon us that how we are handling that market to make profit and loss with our trading strategy .
At the another side there are chances that even a real coin that is listed at the exchange get dumped badly ( by owner or any group of pump and dump ) then you will say that coin is scam only .
So all depends upon us and the result of the market of that Cryptourrency , nothing is sure .