Quote from: pinggoki on February 03, 2024, 03:08:56 AM

Quote from: Jonyshake71 on February 02, 2024, 10:08:10 PM

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

How about the "If it's too good to be true then it probably is" rule? I think that will definitely work 100% of the time, they promise you big bonuses or questionably high ROI then you're most likely going to be having doubts about that since that's an unlikely thing for an investment to triple your investment in a short amount of time, another foolproof thing that you can do if you can talk with the people behind the project is to ask them if this is a pyramid or a Ponzi scheme? Depending on how they would react on this question, then you'll be able to measure whether they're a scam project or a legitimate one because a legitimate one would quickly tell you that they're not and will probably present to you their business model and they'd likely laugh it off but the scam project will be defensive and hostile with that question and they won't be able to prove to you or other potential investors that their project isn't a rug pull and a scam.

many of us has missed some genuine projects whose promises looking at it it's really do good to be true and as a result it's seems scary to partake in due to previous scam projects that came with similar fabulous promises and got it's investors scammed. It's so confusing that we don't know which to invest in that's why it's necessary we invest in money that we can afford to lose whether the project seems to be too good or not in their business model.