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Topic: A painful loss (Read 472 times)

sr. member
Activity: 1036
Merit: 311
February 21, 2022, 07:38:42 AM
#72
It is so sad how the internet is becoming too scary to invest in and now full of scam projects and it's becoming easier with most projects that has no official problem statement and proposed solution. Many has turned to Metaverse and Nfts since the find it difficult breaking into the bitcoin network. The loss has occurred you just have to be careful and ensure to swallow greed and invest an amount you can afford to lose in future investments
member
Activity: 966
Merit: 14
Tontogether | Save Smart & Win Big
February 21, 2022, 01:38:51 AM
#71
Yea..it happens sometimes to even the most experienced in this space. I have heard people falling into the hands of scam projects, and I begin to wonder even with their own level of experience. It therefore means that we must be very vigilant. There are so many scam projects out there. They appear so good and tempting, but when you take a bite from their bait, you are gone for.
Anyways, sorry for the loss mate. I believe you will recover your loss pretty soon.
full member
Activity: 2016
Merit: 156
February 21, 2022, 01:11:46 AM
#70
Quote
Next time,make enquiry before you dive into new project so that you won't loose your money, you shouldn't have invested on it as you noticed that telegram chat was restricted and the coin was increasing anyhow, 430$ might look small but is something, sorry about the lost ,thank God is not more than that.

Carry out personal research before investing your money on a particular project is very important because it will help you to know many things about the project, if the new project is fake or original you will definitely know and you can quickly avoid such project in the community. Invest little money on a new project to test how good or how long will it last for people to earn well from their investment. Those new project in the community has some signs they used to develop that will make investors to know the reality about the project and not to embark on it .  Experiencing those signs that the project has some doubt in the future that it will not be successful in the future, don't embark on such project again in the community.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
February 20, 2022, 02:34:50 PM
#69
I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this

don't get upset, buddy, this happens to everyone, study the project more closely in the future, but there are different cases, scammers hide very well under beautiful headlines, so no one is immune from this, but it's better to learn from other people's mistakes than from your own.
hero member
Activity: 2870
Merit: 642
February 20, 2022, 02:12:02 PM
#68
And I do hope you also learned a big lesson here. Even with how much the sweet the deal is we should dig deeper on what behind a project. A mere hype or a good whitepaper is not enough to make us jump in and invest even with just a small amount. It is still a waste and could've gone to another project that are true with what they aim.
This scammers will keep on attacking the crypto industry so we should always be keen to researching.
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
February 20, 2022, 01:38:30 PM
#67
For those who are advising OP to DYOR first before investing in any project, don't forget that it may not be because OP didn't do their research before hand. These things happen and sometimes they make us look like we didn't look hard enough. Scammers and hackers are a set of misdirected smart people. I used the word "misdirected" responsibly to connote their misapplication of talents in the wrong place. They sure know how to get the unguarded public when they least expect.


All you described here OP, I have experienced. That's the price we pay for being in a newly charted territory. This is the main reason I hope there will be complete regulation and moderation in this industry. Sincerely, this crypto space is a crazy circus.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
February 20, 2022, 02:19:12 AM
#66
Yes, the loss of your funds on a fraudulent project is very strongly reflected in the fact that faith in promising projects is lost every day. And also the loss of funds has a very strong impact on health. This is a very strong psychological blow. So, in order to avoid losses of personal funds, you need to invest in proven crypto projects that have already been on the cryptocurrency market for several years.
From my perception of seeing lost of coins, i seems it like the process whereby it's avenue to correct yourself during been curious of adventuring into crypto investment, i understand in the crypto that it always come in contact to negative and positive or gain and lost, the only remedy there is that you will observe project platform before adventuring into it, scammers are very technical via building their sites or developing their site to be standard. In summary i believe you made a point.
member
Activity: 490
Merit: 10
February 20, 2022, 01:58:40 AM
#65
I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this
I'm sorry for what you went through. I hope you get your money back from another😊 project. Thank you for sharing the experience so that I can be more careful in investing so as not to meet with scam projects.
legendary
Activity: 3080
Merit: 1131
February 19, 2022, 07:58:20 PM
#64
I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this
People do mainly learn up things when they've been fucked up.I couldnt blame though since scammers are really that meticulous on making projects which do really looks too good to be true.

Even how hard you do make out those research and confirmation then you wouldnt know on what would happen next.Losses is inevitable though and this is where

analysis and self decision making towards on dealing with this investment world on this crypto space.
legendary
Activity: 2282
Merit: 1023
February 19, 2022, 07:54:59 PM
#63
~
2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this
So you are saying that they basically closed every communication with the investors, if so then it is a rug pull and they made the money fooling the investors, it is unfortunate people are getting attracted to projects without verifying the team. You need to invest in projects that are transparent with the community where they are not afraid of revealing their identity.
hero member
Activity: 1428
Merit: 653
Always Act Smart and Play Safe With Your Funds
February 19, 2022, 06:25:27 PM
#62
Really sorry mate
most time before i make any purchase of token or recently launched projects i will come over here to create a post about such project for those that enlighten to looking into it and find out more details about them, if that you shared here before embarking in such decision i believed there would have been a thorough researched about it. Keep in of scammers they comes in many form to steal your real funds and renders you helpless and depression.
full member
Activity: 1297
Merit: 126
February 19, 2022, 06:18:34 PM
#61
I think next time be more careful in trading on a new project before you join the project first make further questions, the metaverse project is still in its early stages there is no definite certainty in every project concerning the metaverse in trading here is not easy without learning beforehand ,maybe there is another reason to want to say a scam project.
This is the problem, scam projects looks more convincing now and they really have a good plan to scam people, that’s why OP invested and trusted the platform, I imagine how many victims of this scam project. This is another lesson not to invest too early, better to wait for the exchange listing since the price will still be cheap and there should be no rush on buying, always wait for a good signal.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
February 19, 2022, 06:12:31 PM
#60
This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.
You got the point mate before participating any projects we must strictly research what this project all about the background or anything we can find some ideas if we need to trust this or ignore this project. It's better to be preventive than to spontaneous/greedy in our decision.
And do not try to trust all you already saw in the internet cause not all in the internet are good and secure.
It's a pity after the OP had already invested in the scam project before the OP pinpointed all the red flags relating to the scam project, however I salute the courage of the OP for bringing this to the notice of the forum and to newbies who intended to invest in that project, in crypto market there are many projects, it's up to every newbie or investor to make a thorough research into any new project to avoid falling victim to a scam just the one mentioned by the OP, in many cases those projects always promise fake and bogus rate of returns in their projects.
You would not be able to detect the red flags in the project if you have been blinded by its good promotion and promising goals that will make you fall for it. This is why we need to have a depth in research before deciding to invest as choosing a good project is utmost importance. But don't worry OP as you are not alone from falling into scam projects and losing a huge amount of money. This may be charged to experience but definitely you should have learned a big lesson from it.
legendary
Activity: 3080
Merit: 1144
February 19, 2022, 05:55:57 PM
#59
This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.
You got the point mate before participating any projects we must strictly research what this project all about the background or anything we can find some ideas if we need to trust this or ignore this project. It's better to be preventive than to spontaneous/greedy in our decision.
And do not try to trust all you already saw in the internet cause not all in the internet are good and secure.
It's a pity after the OP had already invested in the scam project before the OP pinpointed all the red flags relating to the scam project, however I salute the courage of the OP for bringing this to the notice of the forum and to newbies who intended to invest in that project, in crypto market there are many projects, it's up to every newbie or investor to make a thorough research into any new project to avoid falling victim to a scam just the one mentioned by the OP, in many cases those projects always promise fake and bogus rate of returns in their projects.
If you look at the newly released projects today, its seldom to see projects that are only offering low and practical returns as it would not be convincing on the part of investors, particularly for newbies. So most of the projects offer high returns in which you can think if these are really legit or not. And most likely, scam projects do often look more legit than those established projects. So its a good thing to consider that not all gold is shining and shimmering. You also have to look the unwanted part of it.
sr. member
Activity: 2590
Merit: 322
Vave.com - Crypto Casino
February 19, 2022, 03:14:58 PM
#58
This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.
You got the point mate before participating any projects we must strictly research what this project all about the background or anything we can find some ideas if we need to trust this or ignore this project. It's better to be preventive than to spontaneous/greedy in our decision.
And do not try to trust all you already saw in the internet cause not all in the internet are good and secure.
It's a pity after the OP had already invested in the scam project before the OP pinpointed all the red flags relating to the scam project, however I salute the courage of the OP for bringing this to the notice of the forum and to newbies who intended to invest in that project, in crypto market there are many projects, it's up to every newbie or investor to make a thorough research into any new project to avoid falling victim to a scam just the one mentioned by the OP, in many cases those projects always promise fake and bogus rate of returns in their projects.
sr. member
Activity: 2506
Merit: 368
February 19, 2022, 02:51:42 PM
#57
It seems that OP was not a newbie in this field yet he still got scammed by this trendy project and fell to their traps. Some people really learn their lesson in the hard way since he took the red flag so lightly that eventually cost him a big fortune. Some people cost it their lives just because of a slight mistake, that's why it's so important to be cautious all the time and do your own research always.

If not sure ask the community about it here since most members here especially the reputable one are good at giving a hint or information if you lack about it and sorry for your loss.
hero member
Activity: 2464
Merit: 644
Eloncoin.org - Mars, here we come!
February 19, 2022, 02:24:16 PM
#56
I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this
Daily someone facing this kind of issue. Scammers usually use the trending label over scam project to deceive investor. Couple if month ago They used Meme coins label and now Metaverse and NFt.
I am shock why investor choose this Kind of new project without any knowledge if their team,Backers,partnership. Onlu Metaverse Name and Web is not enough to be success un market.
There are top class Metaverse Project already available in market which are already listed in top class Tier 1 exchange, then no need to test new project.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
February 19, 2022, 02:20:20 PM
#55
l'm so sorry about your losing money, but it is no exaggiration to say that you have not made enough research before investing in this project. As above mentioned this site was created just in 3 months and that can explain we should be away from this site. There is not anyway to get back your money, however it is just a experience for you and for us. Thank you for sharing this experience with us.
hero member
Activity: 2562
Merit: 577
February 19, 2022, 01:44:20 PM
#54
Sad story mate, and I'm sorry for you, from your experience we can also learn here, thankyou.
Yeah that's why I don't like the new meme-based coins that are hype at the moment. I'd rather be patient in holding large coins with little profit than investing in companies like the OP mentioned above, its too risky because obviously we don't know their credibility.

The truth is scammers are getting good on their game of scamming people, a look at the website the @op present will wow any new and old investor into thinking the project is legit, they spend money designing the website and making it look worthy of a top project, unfortunately it was all a big scam, reason why it is important to keep learning and understanding the signs to look out for in a project to determine if it is authentic or just a well design scam project, it is always devastating to invest in a project that end up rug pull on the investors, another reason why it is advisable not to put all you have in one project especially new ones with no credibility.
full member
Activity: 1190
Merit: 108
February 19, 2022, 12:48:49 PM
#53
Sad story mate, and I'm sorry for you, from your experience we can also learn here, thankyou.
Yeah that's why I don't like the new meme-based coins that are hype at the moment. I'd rather be patient in holding large coins with little profit than investing in companies like the OP mentioned above, its too risky because obviously we don't know their credibility.
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