Winning with wise investments in emerging Crypto. Without becoming another Victim!

I'm sure you'll agree, there are always risks in any investment but sometimes you can find great opportunities in new emerging projects that outweigh the risks. The only problem is finding them.

At least everyday I take a few moments out of my time to review Coin Market Cap and look at new coins and tokens hitting the market. It seems like everyday a new one gets listed, if not, there is only a few days between until a new coin comes out.

The problem is that not all the new coins hitting the market are legit. Many are completely worthless scams.

Some are money scams based on earning a few million bucks and then dumping the project. Initial coin offers are a normal practice of scam coins, the problem here is that some ICO's are from legit projects and some are just scams.

These scams can be quite elaborate. They can have all the signs of being a legit project. Everything from having a well made website, an active telegram community, to social networking and more, all geared to convince investors that their project is real and legit.

Some will even be listed on top exchanges.

How? Because they have even fooled the exchanges that they're legit and that front that convinced the exchange just enough to get listed is the same front they use to scam investors. This happens more than you might realize.

These fraudulent projects go well above the normal practice of asserting that they're a hard working project.

They will have a road map and a very professional approach, tons of paid for reviews, inorganic comments and false predictions. Many times they'll have such a good front that major investors even fall for it. Tossing thousands into a project that literally will come to a dead stop in a short period of time, but not before they make millions off of the gullible investors that can't read the signs.

How do I tell a fake project from a legit project?

Careful examination and plenty of interaction. I teach people this all the time.

Ask questions.

Ask a lot of questions. Get on their communities and ask real questions about their future plans. This sometimes exposes their true roadmap. Bullshit projects get irritated quickly when asked prominent real questions.

Look at the exchanges they're listed on. Do they buy back the coin? That can help you sort out a real project. While exchanges like Kucoin will buy back any coin in exchange, other less legit exchanges won't. Sure they'll sell you any coin they list, but they sure won't let you trade them back.

I know of one exchange that allows for false advertisements via a chat system on their site. The fake projects will put 2 or 3 people into the chat to talk about their coin in a way that would seem like total strangers are trying to figure out which coin they should buy. You can see this on MERCATOX a lot in their chat system.

Talk to other coin projects that may be related to the name of the project. An example would be EOS Trust. While EOS and EOST are seemingly part of the same ecosystem, anyone working with EOS will tell you exactly what they think of EOST. Is EOST a scam though? Only time will tell but the point is, they are not related to EOS. While EOSC has people from EOS working with EOSC and is a legit project. The point is, EOST is using the EOS name bit has zero ties to EOS. While EOSC does.

Look for Influencer Marketing

Many scam coins will pay out a ton of money to get their name out there. Even with a large community, they pay out to YouTube and other outlets thousands and thousands of dollars just to have someone talk about their project. Yes many legit projects do too, but you'll notice that organic promotions are about equal. This is due to the community taking initiatives to promote their love for a project. While scams need to pay for it and have zero to very little organic promotion from their community.

Fake Airdrops

This is a deal breaker. If you sign up for an airdrop or an earndrop and it takes months to get it, its most likely a scam coin. If they do a coin swap before dishing out their earndrop, this might be a scam. Most projects are aware that a swap will lead to a significant drop in value for a coin and they will do it to lessen the load. Making it impossible to recieve the coin. Either by setting up the earndrop to happen after a swap, and changing how you keep the coin. They will make it so instead of being able to obtain the airdrop coin into a private wallet they will set up a special wallet many people won't be able to get. This wallet will not be a mobile wallet and the new coin won't go to it. There are plenty of examples of coins doing this right now. It's really a very elaborate scam. Prominently screwing a huge majority of people waiting on a large airdrop.

The best way to spot a scam?

Try to do this. 

1. Send emails to the project heads asking about predictions of future value. A professional coin project will not make predictions, while a scam project will.

2. Know that FUD isn't always FUD. Watch a community carefully. If someone asks a honest question and gets banned from a chat server or a community server, most likely this is a scam. Scam projects do everything they can to control damage. If the right question gets asked, the scam CMs will immediately go into damage control and remove the person from their community, followed by a declaration that FUD isn't allowed.

3. Go to their social outlets. Facebook. Twitter. Medium. Github. Reddit. And so on. Look to see when their last post was, read comments, past posts and tweets. Scroll down a few months ago and look for changes in the coin project name. This happens on twitter a lot and Facebook. These scammers are too lazy to open a second account and will actually keep previous scams on their outlets.

4. Be vigilant. Ask questions. Talk to other projects. Check out all the information. Look back into the history of a project and look at their community. A scam will and can appear totally legit, but the odds are this isn't their first. They will also keep their names off of the project. If they don't list actual names of people working for them or even the founder, it's most likely a scam.

I hope this helps. Be careful out there Cryptomaniacs. Take your time and pay attention for signs that the project you're interested in isn't or is a scam.

Good luck and happy hunting!