Post
Topic
Board Altcoin Discussion
Re: How would we know which cryptocurrency would be Scam?
by
Latviand
on 20/10/2018, 15:27:29 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?
It would be hard to determine. Usually, a project is becoming officically a scam in the middle of the project's progress whereas some investors have already invested. One may only make assumption by checking the project's background particularly with the credibility of the team behind it. But majority of the projects still are not scam and there are only few based on my experiences so it should not be a reason on not to invest if you are aiming for profit.