Post
Topic
Board Altcoin Discussion
Re: What is for you scam project and what is for you good project?
by
angrybirdy
on 13/12/2019, 13:08:23 UTC
Guys we are talking a lot of times about "this project is scam" or "this project is amazing and soon moon" but sometimes scam project making a lot of x but amazing project making -90%. So what is for you good project? Which team and project is fake but making xx or team and project real but price making -90% and we should hold?

I cannot give you a specific coin but I can say a thing or two about your other question. A scam project is a project that has a fake team, fake or copied whitepaper, fake or copied vision/objective, fake roadmap, or fake or copied design generally. A scam project could also be used to refer to those projects that raised money and leave after that. It could also refer to projects that do not honor words of agreement. A good project is of course the opposite of all those.
Adding to that is they are completely copying concepts and gives some updates to existing project attracting investors that they are much better usages from another coin who already gained support from the public. Scam developers are not going to invest time working with their projects but focus with how they can convinced people to invest money and runaway after. There's no easy task finding this team but if you are concern with your money you will extend your research to avoid or lessen your chance being victimized.
Aside from that they also keep on giving you promises that seems impossible and it is the reason why many of us get deceive by them. We tend to believe without even doing our own research, there are some projects these days that was made to take advantage of people so they can get the benefits they wanted that is why I always give myself some time to explore more things before making decision to avoid feeling remorse about it when it didn't turn out great. Some of you may think that it is quite laborious but research is a lot better because you can clearly see the different information regarding that project.
That is actually the common thing they do, giving promises which are impossible to happen especially in the bear market. Many can easily be deceived because of their high hopes. That is when they take their action and take advantage of the people.
It is quite right the way we give ourselves to explore and make our own decision, in that way, we can think and learn more about the project.