Post
Topic
Board Bitcoin Discussion
Re: How to Identify Cryptocurrency Scams
by
SirLancelot
on 20/11/2019, 16:53:55 UTC
Hey, this recently published article on how to avoid risky investments and spot frauds mentions our forum  Cool

Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12
I'm always surprised when I see people that engage themselves in investment that they don't know much about. It's really funny, how do you invest in something when you don't know the people that are running the project and where they are from. I can never invest in any project if the team are not being transparent with who they are and their plans. Investing in projects like that is like taking a huge risk, because you can wake up tomorrow and they may decide to call off the project without refunding their investors (scammers) and there will be no way for you to trace them.

Knowing the team is not the only thing that is important , you also need to know what their plans are, and the possibility of them achieving success with the project. These and more are the things you have to check before you for any investment so that you don't waste your hard earned money on nothing.