Avoid Being Scammed Again - page 4. | Bitcointalksearch.org

Glorypaasa

full member

Activity: 420

Merit: 100

Quote from: ArkiCrypto on March 25, 2018, 01:14:03 PM

I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in.

This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency:

Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
Check the Projects professionalism (How they handle users, control frauds, etc.)
Follow their Roadmap and other technical details and see if they meet it on time.
Look for the projects community and see if the community is active.
Look for special proof and validation.
Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.

This topic related articles may help you feel free to check:
https://www.entrepreneur.com/article/306563
http://strategiccoin.com/3-ways-to-identify-an-ico-scam/
https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/
https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/
https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

Edit:
I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them:

https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060
https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
https://blockonomi.com/exit-scam/
https://coinsutra.com/cryptocurrency-scams/
https://www.makeuseof.com/tag/common-cryptocurrency-scams/
https://themerkle.com/top-3-types-of-bitcoin-scams/
https://www.finder.com/ph/bitcoin-scams

NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes.

Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao.

PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us.

I agree because there are many investors does not have knowledge before putting their money into new ICO project and this post is very helpful for the aspiring investors and I'm sure if someone read this post they will follow this step to minimize the risk on every investment they going to take.

ajoygb

newbie

Activity: 182

Merit: 0

We can avoid being scammed or victim by not so excited to get involved or getting rich but instead you need to investigate and see what is real or not..

charlemagne_15

member

Activity: 357

Merit: 12

Quote from: bman01 on March 26, 2018, 05:06:25 PM

Thanks for such informative post. Investment is all about taking risk. So every investor is responsible for his/her own decision.

I agree with you! We are all aware that investment really take risks so being scammed by others is a consequence of it if you really not look into the background of the one who you're investing with. The given statement of the creator of this thread is helpful yet we don't know what,when,where the scam will take place so I suggest please be extra careful when you put your money into something and be strategic and wise in performing plan.

Neconic

newbie

Activity: 94

Merit: 0

The world is full of hackers and scammers. You have shared a very insightful post. I highly recommend newbies to read this post. I believe the authoritites also need to be active and take rather strict action against such culprits.

Dingdong7

member

Activity: 138

Merit: 15

I totally agree on you, Ive been scammed many times and many of those you mention are the things I failed to do. Finding a good project really demands a lot of things to consider and lot of reading to take. Reviews and background information about team's previous work will make a clearer idea on what legit project is. Most of the project available are making scam, the above is a good guide to look at when from finding a better project.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: chelle5 on June 18, 2018, 10:13:25 AM

No body want to be scam but some of us are too lazy to research what is good or bad, they only want an easy money so those scammer attact, know a days scammers are so great. All I can say is be responsible for what your doing and good luck.

yet there is some of the scammers that are too lazy to make money and we are here not just to take all of the opportunity that may come what we also have to take is we all know how to know or identified some of the scam projects that have been made of the scammers.

Dudeperfect

hero member

Activity: 1190

Merit: 534

A few years ago I was willing to contribute to translation project and when I came across a certain project, I applied for translation program. Later I spent almost 6 hours to complete the translation of their announcement topic along with the graphic design of new language topic. Within a month I realized that I did a mistake by not doing enough research before applying because that project was recognized as a scam and everyone lost their money including me (as I lost my worthless bounty rewards).

Ayaancool

full member

Activity: 308

Merit: 100

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.Another way to prevent getting this page in the future is to use Privacy Pass.

riptv

jr. member

Activity: 100

Merit: 1

Linkedin may be really helpful in your research whereas you can see the team members background and when their profile was made also if they had some known connections as well as recommendations.

Brookie

newbie

Activity: 81

Merit: 0

Quote from: ArkiCrypto on March 25, 2018, 01:14:03 PM

I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in.

This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency:

Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
Check the Projects professionalism (How they handle users, control frauds, etc.)
Follow their Roadmap and other technical details and see if they meet it on time.
Look for the projects community and see if the community is active.
Look for special proof and validation.
Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.

This topic related articles may help you feel free to check:
https://www.entrepreneur.com/article/306563
http://strategiccoin.com/3-ways-to-identify-an-ico-scam/
https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/
https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/
https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

Edit:
I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them:

https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060
https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
https://blockonomi.com/exit-scam/
https://coinsutra.com/cryptocurrency-scams/
https://www.makeuseof.com/tag/common-cryptocurrency-scams/
https://themerkle.com/top-3-types-of-bitcoin-scams/
https://www.finder.com/ph/bitcoin-scams

NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes.

Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao.

PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us.

Thanks for the information you provide, this is really helpful to many people who read it. I think what you wrote above can all be applied to avoid a scam. It is now too much Scam in cryptocurrency, because they can easily benefit through the scam.

chelle5

full member

Activity: 238

Merit: 100

No body want to be scam but some of us are too lazy to research what is good or bad, they only want an easy money so those scammer attact, know a days scammers are so great. All I can say is be responsible for what your doing and good luck.

Ziomuro27

sr. member

Activity: 406

Merit: 254

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Quote from: ArkiCrypto on March 25, 2018, 01:14:03 PM

I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in.

This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency:

Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
Check the Projects professionalism (How they handle users, control frauds, etc.)
Follow their Roadmap and other technical details and see if they meet it on time.
Look for the projects community and see if the community is active.
Look for special proof and validation.
Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.

This topic related articles may help you feel free to check:
https://www.entrepreneur.com/article/306563
http://strategiccoin.com/3-ways-to-identify-an-ico-scam/
https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/
https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/
https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

Edit:
I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them:

https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060
https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
https://blockonomi.com/exit-scam/
https://coinsutra.com/cryptocurrency-scams/
https://www.makeuseof.com/tag/common-cryptocurrency-scams/
https://themerkle.com/top-3-types-of-bitcoin-scams/
https://www.finder.com/ph/bitcoin-scams

NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes.

Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao.

PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us.

Thank you for shareing your thougts to us, I also experience being scammed my the ICO campagne manager he just left us without saying anything or pay us on what we share and do to his campagn, I was very sad that time, because I never knew that there is a campagne manager like him. He just convince us to post and share his campagn and as a result nothing happened. I want to share my experienced, because there are lot of beginners here in bitcointalk forum who don't know yet anything about this. I hope in some point I help some other people.

Rajamuda

sr. member

Activity: 924

Merit: 255

Sometimes even though we have chosen with confidence and ensure it will not scams.. but instead got scams or not successful also it may because invited by someone. Well, I think the point is to be able to deepening everything related to a certain project from time to time and learn from many experiences also not easy to believe.

gelaskopi

member

Activity: 364

Merit: 10

However, now, many scam projects are very smart. They can play neatly and without arousing suspicion. Probably the same as normal ICO. The ICO scam also has a structured and systematic framework to deceive its devotees. And this is really creepy. I sometimes still hesitate to invest. As a solution, I had a discussion with my friends about the project.

btchunter02

newbie

Activity: 74

Merit: 0

Absolutely agree with this, a very usefull information to avoid scammed again.

dvmd

newbie

Activity: 134

Merit: 0

If you want to avoid scamme plz read carefully, find more information and don't believe anyone. Good luck

Marlo0619

jr. member

Activity: 196

Merit: 6

🚀🚀 ATHERO.IO 🚀🚀

To avoid being scammed again, research in the internet to know the the things that you should do. Try to not believe easily on networking especially when you don't knoa who the creators are.

Crypto11021

newbie

Activity: 107

Merit: 0

Thanks for The post though every good investor ought to know all this before investing in any project, why will someone invest in a project that have faceless team and experience in cryto, is totally absurd. As an investor in the cryptospace U got to do your assignment well if U don't want to end up being scammed.

NaomiNagata

newbie

Activity: 14

Merit: 0

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godrey123

member

Activity: 188

Merit: 10

yes I agree on your thoughs about investing, from the beginning we all know that bitcoin has a big risk, but it has also a big gain that most of us benifited on the last year. But what I can shared in order not to be scammed is to be vigilant.

Topic: Avoid Being Scammed Again - page 4. (Read 1647 times)