| Old enough to remember that, but not old enough to remember have been times that it turned out everything was a fraud or scam. It sometimes turns out an entire industry/etc has no clothes. :) If your goal is "avoid frauds/scams", then the framework you were given works for sure (of course, it trivially works for anything). If your goal is "make money", then investing in frauds/scams can in fact be quite profitable and then you are a bit stuck. If your goal is "make money while avoiding anything that appears to be fraud/scam", then, honestly, at this point, i think that brings you back to "avoid crypto projects". While there are obvious scams/fraud, there is also much higher than normal probability (relative to regulated stock markets, etc) that anything you choose is scam whether it looks okay or not. Remember that one of the fundamental reasons that regulated markets exist is to be able to tell (with high probability) what is a fraud/scam not due to required disclosures, etc
This is because otherwise it can be remarkably hard to tell anything but the obvious scams. Since crypto is a non-regulated market, finding/identifying scams is, by definition, a crapshoot. The only ones you will identify are the ones that are obvious scams. |