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/biz/ - Business & Finance

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17242162 No.17242162 [Reply] [Original]

Newfriend here, still trying to learn the ropes. How can you tell if a coin is a scam? What are some examples of coins in the past that turned out to be scams?

>> No.17242175

>>17242162
ive been on biz for a little more than 6 months and i couldnt tell you. just go for the sure ones, BTC, ETH, LINK

>> No.17242178

It's Schrödinger's scam, you just don't know

>> No.17242238

>>17242162
Everyone here is trying to pump a stock or some crypto. Don't listen to anyone. You just need to understand that there will be a massive crash. All stock will be super cheap and you can buy anything you want for cheap. Till that day hold on to your money and DON'T buy into an shit on here.

>> No.17242239
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17242239

>>17242162
link is the only coin you need

>> No.17242240

>>17242162
It used to be Asian devs because back in 2017 a lot of scams popped up from that side of the world. The pajeet scam was legit at that time. Today, harder to say. A lot of the scammers are gone but only because the market stalled. Very likely more scams soon.

All that being said, you have ask yourself, is what this coin/project is promising already being done? I start with that.

>> No.17242244

>>17242162
Basically all coins are scams. Your only hope is to figure out which coins are legit and fill a real purpose.

>> No.17242256

>>17242175
you can add PNK to this list OP

it's /biz/ approved

>> No.17242257
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17242257

>>17242244

>> No.17242273

>>17242162
As much as I appreciate this artist. I can never truly get into his work since the men are always in such painful/uncomfortable positions

>> No.17242346

>>17242256
wtf is that shit?

>> No.17242586

>>17242162
>how can you tell if a coin is a scam
*Not-mineable or heavily premined
*It has a use-case'
*It doesn't have a use case
*team/foundation holds 2/3 of supply
*muh staking/superduperpowernodes
*'partnerships'
*'breadcrumbs'
*tx/s
*tokennomics

99.99% of ICOs and coins are scams. You may or may not profit, but they are scams.

>> No.17242628

>>17242346
shitcoin of the month
just as promising as Obsidian, Relex, Lition, Substratum, Skycoin, Tron, Modum...

>> No.17242636

>>17242162
easy
>did it have an ICO?
scam
>are the devs anonymous?
scam
that leaves very few non-scam coins. everything is garbage. you can make money buying scams, just don't be teh last one holding.