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RE: How To Identify A Good Crypto Project
Hi @syedumair
These fraudulent projects do a lot of damage. Because it's well known that when good things come up you know, but when bad things happen like a scam, it's usually a much faster spread.
The bad thing about this is that some people will say I was swindled with cryptomones and it becomes generalised and affects the good projects as well.
They are good points only that it brings to discussion here.
You need to be very careful before you invest in anything.
I know a few people who invested in some scam ICOs and then blamed cryptocurrencies as a whole.
While that is not fair, but we know that a few scams destroy image of whole market and we need to unite and eradicate these scams once and for all.
Yes, that happened, there were those who took advantage of the situation to get money from others..
I live in Colombia, and here when you talk about crypto-currency people immediately relate it to money loss. And they don't go any further. They don't know what they're missing he he
It's really bad for crypto.
Those people need to be educated but I know it is not an easy task. But once crypto gains adoption, they will learn themselves but I am afraid, they might have missed the moon mission. :D