Topic: How can we protect ourselves from scam? - page 3. (Read 5518 times)
I'm also afraid to join ICO investment or other investments that releasing because there are so many investment scams and most of investment are legit. But it become scam I remember bitconnect this is a investment and lot of people invest on this for daily profit lately it was scam even the admins are true and almost representing on their project but I last i read the owner of bitconnect get arrested already.
If there is good there is always bad its goes along,we cant eradicate scam but we can at least reduce it to the bearest rate of it then we have now and by achieving so we have to avoid logging into phsing sites and also study projects thoroughly and properly before we participate
Whenever there is a new technology or development, there are always people who are ready to make money, although not honestly and no matter how hard we try to recognize them, they will always develop in this direction!
In my opinion, it's hard to find ways to protect from fraud. because most projects are fraudulent when after the end of the new ICO we can find out. especially the name of the fraud is hard to guess.
it is very difficult to predict even all aspects have been analyzed by analyzing teams, whitepapers and sponsors. this is due to the decline in investor confidence in ICO and the decline in the price of bitcoin.
I chose a project that convinced and discussed it with friends.
I chose a project that convinced and discussed it with friends.
The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?
it's very difficult for us to avoid scams. because technology is now more sophisticated and able to be used well by fraudsters who want to make a profit. therefore all depends on each of us in determining which project is good to do. I usually analyze it first in their whitepaper before deciding to join it, because there are a lot of considerations for us to judge whether it is feasible for us to do.
There is no way for protection. I suggest you avoid ICOs from CIS, switch on asian market, those guys in glasses are making enormous profit , look at quarkchain, iota, ontology and the only start up with the same result from CIS is Waves
The only thing I can really advise is to be much more attentive than before. Understand that we simply have no choice but to be more careful now than before. This is our problem, which really has a need.
SCAM is a virus today. A virus that really needs to be seriously eradicated. We are very serious in trying to identify such projects and notify the authorities who can punish these people for their actions.
Scammers are a bunch of hard workers with malicious agendas. Always brainstorming on the next intricate plan to steal. The only way we could go about this issue is to be cautious and always on the alert.
Scammers will always be there to decieved others. In any field there are scammers. All we can do to protect ourselves from them are proper preparation, good analytical skills, careful planning, being observant, and good decision making skills. If we are well prepared we can easily identify the scammers and therefore we can avoid them.
I think it's too hard to do today. What I see is a big problem. I have already met with several projects that have deceived their investors. They had an idea. Quality documents. In the end, they stole investors' money.
I think these responsibilities should fall on the ICO developers. We need a project based on blockchain and smart contacts. To be able to invest in ICO without fear. Also, on mandatory terms, there should be a KYC for the team of any project.
The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?
The best way to protect us from fraud I suggest that everyone learn a lot about the projects and strategies as well as the reputation of participating teams and ICOS index information. After that, we can determine the safety of the campaign but can only be limited because it is very difficult to prevent 100% fraud. 
It's very hard to get out of scams. People who have proper knowledge and who do regular research, may understand scams. However, I saw someone invented an application software to eradicate scams from crypto society. You can search it on google. I hope it works.
This is really interesting but I don't think it can totally identify a scam or frauds. Well, there are ways to identify some aspect of a scam project but not all are detectable by technology. What we can do is to be very careful on choosing a project. Make necessary background check and profiling.
This is an excellent question, the answer is simple, and the answer is in the forum. In fact, you can learn a lot of knowledge in the forum, which is beyond the control of others. There are many famous people here.
how do we protect ourselves and avoid projects that are scam or only commit fraud? with good analysis will prevent us from these scam projects.
Imagine how much less scam projects would be if every bounty hunter and investor could calculate them with ease. Or if we had a serious service for calculating scams in a matter of seconds.
Deception will always be there where there is an opportunity for fraudsters to be able to make a lot of money through their activities. Likewise what happens in the world of crypto. For that we should be able to understand well about a project and understand well about the crypto world, so that we can know which ones will give us benefits and which ones are fraudulent. Besides that we also have to join a lot of those who have been involved in the crypto world and know well about a project, so that we can ask them as reference material so that we can avoid fraud.
In order to invest in a project, first you need to thoroughly analyze it. If you are not sure about the project or the team, it’s better not to invest in such a project.
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