5 Signs You Might Be Invested in a Crypto Scam

Be weary of these telltale signs of scams and projects destined to fail

Sean Youra
Nov 22, 2019 · 7 min read
Image by Vitabello from Pixabay.

The hard lessons learned in investing

The only problem the founders of Bitconnect were trying to solve was how they could create more money for themselves. Hence, a pyramid scheme was born.

1. Lack of real utility or need

2. Unreasonable and unsustainable ROI (i.e. “too good to be true”)

3. Always downplay the bad news to maintain investor confidence

Carlos, the guy in the video, has now become an internet meme…for obvious reasons.

4. Inexperienced team and lack of transparency

5. All hype and nothing to show for it

Memorize the signs and don’t get scammed

Crypto Spotlight

Shedding light on the future of blockchain

Sean Youra

Written by

Engineer and climate activist | Founder and Editor-in-Chief of Climate Conscious | Envisioning a brighter future emerging from solutions to the climate crisis

Crypto Spotlight

Shedding light on the future of blockchain

Sean Youra

Written by

Engineer and climate activist | Founder and Editor-in-Chief of Climate Conscious | Envisioning a brighter future emerging from solutions to the climate crisis

Crypto Spotlight

Shedding light on the future of blockchain

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