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What are some signs of a potential cryptocurrency scam or Ponzi scheme?

» Investment and Trading
  • Guaranteed high returns with little or no risk are often a red flag for a scam.
  • Lack of detail about the technology or business model can indicate a lack of substance behind the project.
  • Pressure to recruit others to invest and promises of rewards for doing so are characteristic of Ponzi schemes.

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What are some signs of a potential cryptocurrency scam or Ponzi scheme?

So I've been watching the crypto space and got curious, you know, with all these crazy new coins popping up left and right. What shouts 'scam' or 'Ponzi scheme' to you guys when you're peeping a new crypto project? Like, are there red flags or specific sketchy things that make you go "yeah, nope, that's gotta be a scam"? Would be swell to get a list of what to watch out for so none of us gets burned by these shifty deals. Cheers for any tips you've got on this!

Meh, some projects just don't vibe right. Smells fishy when they promise big returns with no clear plan or when the team's all mysterious with no real names or past work to show. And if they're pushing hard for you to recruit others? Classic Ponzi move. Just gotta trust your gut sometimes and do the due diligence.

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