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Have you encountered any fake cryptocurrencies?

  • Thread starter Thread starter Grant
  • Start date Start date
Well, I plan to trade in popular and big coins only. This is because it is almost impossible for them to become a scam. Ask yourself: is bitcoin a scam? The answer is: obviously not! However, I do have doubts about "coins" created by many small projects and HYIP sites.
 
I'm sure there are several fake cryptos out there, what they do is roll out massive advertising campaigns, get people engaged by promising airdrops and asking people to pay a token to get involved.
 
I have not encountered any fake cryptocurrency and I don't think I would, the fact is I don't invest in any unknown or new cryptocurrencies. I only focus on the well know existing coins that has the potential to rise in value in future.
 
Yes, I have encountered a lot of them. A perfect example is the NFT sea coin that promised heaven and Earth and was later folded up. People paid into their wallet address and am not sure if they gained from it.
 
I have not encountered a fake cryptocurrency before. Though, I have heard and read of them.
It is sometimes difficult to know which is fake until you buy and realize that it was not what you expected.
Grant said:
There are a lot of cryptocurrencies out there, many of them turn out to be duds, but there are a few that have so far, stood the test of time. But, have you ever encountered anyone trying to push on fake crypto to you? Maybe it's a new crypto, and they're trying to get investors. I wonder how many lawsuits people get for trying to make fake crypto, or try to make their own without any knowledge.
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I have never been a victim Cryptocurrency scam except through the mining process whereby it asked us to add some certain coin to make the process and faster why later I was unable to withdraw the coin deposited and the mining ones
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I have never been a victim Cryptocurrency scam except through the mining process whereby it asked us to add some certain coin to make the process and faster why later I was unable to withdraw the coin deposited and the mining ones
 
There are a lot of fake cryptocurrency over here. Majority of them usually portray themselves as the next most valuable cryptocurrency that will emerge but they will later end up becoming a scam.
 
No. I haven't came across any fake cryotocurrencies but I believe there are many fake cryotocurrencies online. Most of those fake cryotocurrencies are new cryptos.
 
One doesn't need to really encounter fake crpytocurrencies to know that they exist. There are a lot parading to be real and encouraging you to buy when they're only just waiting for a lot of holders and get rugpulled in the end.
From fake airdrops to fake apps promising rewards, they abound everywhere.
 
I have seen a lot of fake crypto currencies, Squid Token is one recent example. However, thankfully I have been spared from investing in fake crypto currencies.
 
I believe there are a lot of fake cryptocurrency, both ones that are newly launched and the ones yet to be launched. I just make my research before investing in a new cryptocurrency and so far so good I haven't fallen a victim
 
Yeah I think I was once scammed about $25 after investing on a fake coin project , thinking that the coin price would get to $1oo after they list the coin ,but the people hosting the project carted away with all our investment
 
Yes I have. There is a coin that was launched in my country called the billion coins. From the onset, I have known that it is a scam coin. So I didn't bother myself investing in it. I do take my time before I invest in any coin because I am fully aware of junk and fake coins.
 
So far I have never invested in a crypto that was fake, but maybe that's because if anyone tries to push an investment on me, I'm immediately suspicious and generally tread very carefully. I have heard news of many exit scams and fake account managers, though.
 
This is first time I heard about fake cryptocurrency. I don't believe in fake cryptocurrency because it is digital currency trade and accepted globally.
 
No, i've never encountered any fake crypto currency and i hope i never do. I don't even invest in crypto currencies because you csn hardly tell the one that are fake from the ones that are legit.
 
I have no personal experience with any fake crypto currency but I have heard of many fake crypto currencies. the latest one being Squid game token. The owner took off all money and ran away
 
I read a lot about different cryptocurrency on reddit. Everyday cryptocurrency usually debris launching on the platform you don't have to attract people to invest in them. But I believe majority of them are not going to make investors money.
 
I have never experienced such before and I always try as much as possible to invest in potential cryptocurrency and not the one that will likely be a scam.. we just have to be careful to do proper research and any cryptocurrency we are investing on because that's just the only way to know.
 
I have seen one fake cryptocurrency and it's was named palmcoin. It was claimed that the palmcoin is the first cryptocurrency in Nigeria. There are many fake cryptocurrency online .
 
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