Post
Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
Golftech
on 20/07/2021, 11:06:10 UTC
many people buy even knowing that the coin is scam, just to flip it asap.
that's what that BSC tokens mania was about.
if you're not willing to gamble like that, then just stick to big cap coins or new coins that have well known backers like polychain capital or coinbase
Yeah, it's too risky. I prefer to choose coins that have promising prospects in the future. however, when the coin becomes a scam, it is very difficult to track it down until we know that it is a scam. because when the swindlers really intend, then almost anything made is good enough. however, doing research is the right thing to know if it could be a scam or not.

Swindlers desing things for their profits, we can't easily track their intentions until they do it and runaway with the money,

more and more projects are design to invite investors and let them see what are the project for, but behind that there's

secret intentions, they'll do their best to make it more real and wait for the right time to escape and collect huge amount of

money from the pocket of those who trusted them.