Crypto Scams are a global issue - page 4.

Shimmiry

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Quote from: akeegan on May 02, 2019, 06:39:39 PM

Now that crypto is allowing us to transact globally I am questioning if we are going to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?

Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

Today, in the world of technology, we are now adopting the use of cryptocurrency because it is more efficient and profitable than the use of real money. Still, today, the cryptos are just a digital wallet that saved over the cloud keep, and by this, it can be prone to hackers. Again, to those who are not knowledgeable enough for doing this, they are trying to scam. This process usually experiences by the people who are newbie or starting in the world of cryptocurrency. To avoid this problem, it is better to don't those other people that pretend they can help you, but they have an intention to scam and get your trust to give your information and money.

desticy

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Quote from: Kambal2000 on November 18, 2019, 03:03:45 AM

Quote from: ?? on ??

Crypto was created very freely. Deception in crypto is the main problem in crypto, so far it has not been able to be overcome because fraudsters already understand the performance system so it is difficult to distinguish, if this cannot be prevented it will affect the global popularity of cryoto, they can penetrate in every runag crypto, so we must be careful to avoid it and we hope it can be overcome by finding solutions together

Everybody wanted to earn and were too greedy, there is less person that I have known in crypto that were trying their best to be fair, almost every project trying to manipulate the price as much as possible, they are trying to make the best price so they can make a lot of money. But, when it comes to real use case they can't even provide real one. So, crypto has been a global issue which hinders the doubts of newbies and afraid of taking risk on it.

It's not about the greed of the creators of the projects.
The crypto market itself is extremely speculative in nature, which forces almost all market participants to adapt to this and resort to various kinds of speculation and manipulation.
It has always been this way, starting from the time of fake news that set in motion the entire market or certain coins.

Kambal2000

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Quote from: ?? on ??

Crypto was created very freely. Deception in crypto is the main problem in crypto, so far it has not been able to be overcome because fraudsters already understand the performance system so it is difficult to distinguish, if this cannot be prevented it will affect the global popularity of cryoto, they can penetrate in every runag crypto, so we must be careful to avoid it and we hope it can be overcome by finding solutions together

Everybody wanted to earn and were too greedy, there is less person that I have known in crypto that were trying their best to be fair, almost every project trying to manipulate the price as much as possible, they are trying to make the best price so they can make a lot of money. But, when it comes to real use case they can't even provide real one. So, crypto has been a global issue which hinders the doubts of newbies and afraid of taking risk on it.

naikturun

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Fraud is indeed vulnerable in online that some people involve the parties when for transactions, and also fraud can be avoided by doing secure transactions using escrow.

Kevondo

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Quote from: Capt00 on November 15, 2019, 09:16:40 AM

Quote from: BonfireBob on November 15, 2019, 08:35:02 AM

Crypto, Fiat, or any other form of scam is a global issue.

We must understand that people are always phishing wherever they can, so scam happens everywhere, with crypto, with fiat with retail with anything you can think about

)

It just sad that people are trying to attached scam only to bitcoin in fact it happens everywhere, crypto or not. Whether we like it or not scammers are all around and that it is our responsibility to check if a project or an investment is a scam or not.

We also have to remember that there will be no scammers if people are very vigilant and careful, scammers exist because some people are easily scammed.

People who blame bitcoin for creating problem of scam are simply haters and they cannot really help themselves from talking nonsense. In no way, bitcoin forced scammers to fool people around and snatch away their money. It has rather helped thousands of investors by making them rich and financially stable. As humans, it is our responsibility to stay safe and protect all sorts of assets from criminals.

Yatsan

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Crypto or fiat scams are global issues, every type of currency has scamming matters, and I think crypto will not be exempted from those issues. ICO's project is needed to be regulated because on what I see on the bounty section, there's a lot of scam project. And a lot of them are requiring KYC, so every participant should be careful when participating in those.

Quote from: EdvinZ on November 15, 2019, 02:01:43 AM

Indeed, if the turnover of cryptocurrency in your country is not regulated legally, then in fact all the risks of its use fall on your shoulders. This is a big problem because scammers can get access to your cryptocurrencies and the police will not deal with this incident. It is necessary to strictly comply with all the rules on the use of cryptocurrencies and not to contact questionable people.

So the participants and the users are the ones that should be cautious about those projects or scammers.

kapalmabur

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Merit: 250

Quote from: Capt00 on November 15, 2019, 09:16:40 AM

Quote from: BonfireBob on November 15, 2019, 08:35:02 AM

Crypto, Fiat, or any other form of scam is a global issue.

We must understand that people are always phishing wherever they can, so scam happens everywhere, with crypto, with fiat with retail with anything you can think about

)

It just sad that people are trying to attached scam only to bitcoin in fact it happens everywhere, crypto or not. Whether we like it or not scammers are all around and that it is our responsibility to check if a project or an investment is a scam or not.

We also have to remember that there will be no scammers if people are very vigilant and careful, scammers exist because some people are easily scammed.

what makes crypto a scammer is the absence of regulations regarding crypto in countries, many IEO, ICO, STO projects do not have licenses and investor fund protection,
and it's certainly hard to track them, it's a pity if leave it like this!

Capt00

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Quote from: BonfireBob on November 15, 2019, 08:35:02 AM

Crypto, Fiat, or any other form of scam is a global issue.

We must understand that people are always phishing wherever they can, so scam happens everywhere, with crypto, with fiat with retail with anything you can think about

)

It just sad that people are trying to attached scam only to bitcoin in fact it happens everywhere, crypto or not. Whether we like it or not scammers are all around and that it is our responsibility to check if a project or an investment is a scam or not.

We also have to remember that there will be no scammers if people are very vigilant and careful, scammers exist because some people are easily scammed.

BonfireBob

jr. member

Activity: 70

Merit: 4

Crypto, Fiat, or any other form of scam is a global issue.

We must understand that people are always phishing wherever they can, so scam happens everywhere, with crypto, with fiat with retail with anything you can think about

)

EdvinZ

sr. member

Activity: 994

Merit: 260

Indeed, if the turnover of cryptocurrency in your country is not regulated legally, then in fact all the risks of its use fall on your shoulders. This is a big problem because scammers can get access to your cryptocurrencies and the police will not deal with this incident. It is necessary to strictly comply with all the rules on the use of cryptocurrencies and not to contact questionable people.

BartS

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Quote from: Vishnu.Reang on November 10, 2019, 01:29:34 AM

Quote from: logicgate on November 09, 2019, 11:08:10 AM

This is time to realize that scamming is not related to technologies or systems, it is issue with the mentality of people. As you stated, as long as people think evil scamming would be there. We shall not only educate people about bad effects so shortcut earnings but also secure our systems in order to protect innocent people. Bitcoin is just a technology it is not directing people towards scamming rather it is sick mentality of users.

We need to ask ourselves why scamming is so frequent in cryptocurrency market. May be one of the reasons is that cryptocurrency users are easy to be fooled. There have been hundreds if not thousands of scam ICOs, and still people are ready to invest in them. First of all, the investors needs to be careful about their money. Once that happens, the incidence of scamming will decline.

Investors are easy to deceive in this market because they have the wrong ideas about it, how many come to this market thinking they can make a lot of money quickly? Many I guess, and when they see the many fake opportunities they do not think there is anything wrong since that is what they were expecting.

We need to change this but for now it seems impossible since those that have the power to influence new investors like exchanges and the media specialized in crypto are not interested since they want more clients.

meliodas

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Quote from: ?? on ??

If to prevent fraud is very difficult in the internet world because they are everywhere, so most fraudsters take the opportunity in cryptocurrency trying to be embraced from any aspect, if this cannot be prevented and rampant one day it will be a problem for crypto, we should at least have to thorough and more careful so as to avoid existing fraud

It can be prevented by ourselves. We just need to be educated enough in order to identify if something is a scam/fraud or not. Scammers gets smarter almost every time so it is best for us to not stop learning about the characteristics of a scam and the scammer. Scams are normal in our life and it is only up to us if we will let other people scam us.

asus09

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Quote from: Sithara007 on November 10, 2019, 10:10:54 PM

Quote from: Brunus on November 10, 2019, 03:54:12 PM

Scams are a problem in every field, since the world exists, and lots of rules and lots of checks are done precisely in order to avoid scams.
If now it seems that many are done in the crypto world it is because it is a new and unregulated domain, that's all.

I am not in favor of using the scam excuse to increase the regulations. See what is happening now. The government has made KYC mandatory for all the exchanges and they are forcing the Bitcoin mixers to close down. Rather than going after the ICO promoters and exchange owners, they seems to be more interested in harassing the ordinary users. The point is that the government is not interested in protecting the users from scams. They are only interested in increasing their tax revenues.

Government only think how to earn much tax from crypto investing without care with investor lost, they only calculated with how many percent of tax have been paid by crypto project if allowed or legal currency payment for the future. Government only take care with tax and never give solution for people lost their money after investing with ICO and IEO coin with lower price after active trading.

bettercrypto

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Quote from: LogitechMouse on June 23, 2019, 02:17:44 AM

As long as money is involved, there will be scams worldwide

.

This is global issue but there are some ways to prevent getting scammed.
-Make a research first regarding the investment you want to invest your money with.
-Don't get attracted to an investment that gives too-good-to-be-true monthly interest.
-Just don't invest your money

Money is the thing that ignites scammers to do illegal things. It pushes the people to make bad things that may inflict not just one person but the whole country and even the whole world.
That is why money is deadly if people are praising it. And cryptocurrency industry is just an innocent place that surrounded by lots of bad guys. The sin is not upon crypto and victims but by the people who take advantage the technology.
Scammers don't know the reason behind their stolen assets. They are just greed to take money that they did not working for.

Sithara007

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Quote from: Brunus on November 10, 2019, 03:54:12 PM

Scams are a problem in every field, since the world exists, and lots of rules and lots of checks are done precisely in order to avoid scams.
If now it seems that many are done in the crypto world it is because it is a new and unregulated domain, that's all.

I am not in favor of using the scam excuse to increase the regulations. See what is happening now. The government has made KYC mandatory for all the exchanges and they are forcing the Bitcoin mixers to close down. Rather than going after the ICO promoters and exchange owners, they seems to be more interested in harassing the ordinary users. The point is that the government is not interested in protecting the users from scams. They are only interested in increasing their tax revenues.

Botnake

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Quote from: Brunus on November 10, 2019, 03:54:12 PM

Scams are a problem in every field, since the world exists, and lots of rules and lots of checks are done precisely in order to avoid scams.
If now it seems that many are done in the crypto world it is because it is a new and unregulated domain, that's all.

It's not that it's totally unregulated, maybe less regulated is the right word for this.
It's understandable that the risk is high in investing in crypto since this market is quite new and this technology could change the world but its rate of success and failure could be equal or maybe the success rate is very less that's why the reward is high.

just study the project you are investing but always be ready to accept if it will fail as that's the kind of game we are playing in this risky market.

Brunus

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Scams are a problem in every field, since the world exists, and lots of rules and lots of checks are done precisely in order to avoid scams.
If now it seems that many are done in the crypto world it is because it is a new and unregulated domain, that's all.

barota

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yeah; there is lot of fake cois and for this reason everyone should stop investing in most altcoins and new ico. lot of investors lose by investing in past scam icos ; and there is lot of scam sites as for trading positions or other site crypto and scam groupe telegram and fake page twitter and lot of other scam sites . be careful and avoid using those sites

diazepam666

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Quote from: Palider on November 10, 2019, 12:41:39 PM

Many more scams will happen and since our transactions are anonymous, nothing can help us resolve them.
So we crypto currency enthusiasts will work together to prevent these scams. It is only by providing information that will help us to determine if our ICO / IEO campaigns are scams. By doing this we can help others find out immediately if that ICO is to be avoided.

bro for your information once the centralised investment and centralised investor capture the market only this much of scams are being here in the crypto market.
I am not sure from which decentralized user and anonymous mode of payment scanning you unless and until the single person decide that.

Palider

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Many more scams will happen and since our transactions are anonymous, nothing can help us resolve them.
So we crypto currency enthusiasts will work together to prevent these scams. It is only by providing information that will help us to determine if our ICO / IEO campaigns are scams. By doing this we can help others find out immediately if that ICO is to be avoided.

Topic: Crypto Scams are a global issue - page 4. (Read 4084 times)