Good Scam Crypto Website (For Real!)

So with all the hype and craze with cryptocurrency the government decided to be a bit proactive in safe guarding the public from crypto scams. How so you may ask? Well click on the website link below:

Howeycoins

All the info on the website is fake but created by the government to illustrate examples of what to look out for when researching on investing in new coin offerings.

Government Tutorial on Howeycoins

This is a positive in so many ways for crypto.

1. The government is indirectly acknowledging the existence of crypto by showing the public what scam ICOs look like.

2. This will help educate new investors in crypto thereby less likely to have capital wasted in scams and useless crypto.

Beyond the red flags the US securities and exchange commission here are some other items to look out for in scams:

• Missing information regarding the creators and developers of the crypto. Without knowing who is actually taking the driver seat in development of the coin and its functions it really has no transparency. How safe is it then to invest in something where you do not know where it really goes to? Like giving away money.

• Road map of future progress lacks details and or directions. Just like knowing who the coin's developers are it is also important to know what the future prospects are for the crypto. If the future plan seems outrageous then it is likely a scam. Look for example below of a scam coin called Hextracoin.

Not only is the has Hextracoin failed in many of its' promised milestones it has dropped in value to the point where it is almost worthless. Be careful out there.

• Poorly written or difficult to understand white paper. Often I have seen scam coins where the white paper is basically a carbon copy of the coin's website or a power point presentation. The proof that even putting in the effort to make a decent white paper is lacking. Therefore how can one believe the development in the coin itself would be any better? Might as well not write a white paper at all.

In conclusion the best ways to find good ico or coins to invest in is to find the exact opposites of everything that was listed at Howeycoins and what I have mentioned. For instance go on bitcointalk or find web groups like reddit and discord chat to connect with people who actually work on coins. These type of transparency is crucial to finding good investments. Stay safe out there when investing in anything. As the old saying goes if it sounds too good to be true it probably is.

Thanks for reading.