Topic: How many scammers have you funded by putting your money in? - page 10. (Read 1599 times)

There are too many scam ICO's back in 2018, raising the fund them after it will not pay them their participants and go away. Good to know that the admins take down most of the projects and give them red flag to avoid joining them. I don't always participate in their crowdfunding but I like to support them by promoting them here in the forum so that I can get paid. I put little money back in 2018, but it's not work out and the money that I put totally gone too. I realised I will not do that again and give some more time for research about the project and how transparent they are.

2017-2018 It has been a stupid year for me because I believe in investing in projects that are not clearly ICOs without doing some research and buying the wrong altcoins. For all those who are currently interested in investing, especially DeFi and NFT, which are currently in great demand, I suggest being more selective so that later when the market is bearish you are ready to face a pretty fantastic decline like in 2018

Then I say good for you. I also got burnt by ICOs as I stated in my earlier post, and I too missed a lot of opportunities which is what led me to go into ICOs in the first place. But all the research I put in and time wasted, I might as well have gone in randomly and maybe even hit a good altcoin.

Lesson is always that if you're not an expert and not too smart and don't have too much time. Invest in Bitcoin.

Not with any project.

I have a weak heart and not into ICO before that's why I was so lucky that didn't invested and didn't scammed by them. But I missed a lot of opportunities.

Unlike those investors that have a strong risk taking attitude, they've invested to a lot of ICOs and made a lot of money from it. But just as op, there were a lot of scams before.

ICO has provided invaluable experience to increase knowledge in conducting research on new projects, everyone has felt a loss at an ICO even though it is small in nominal terms, but this does not make us give up. I think top IDO is the solution to reverse previous losses as it only accepts a very limited number of whitelists compared to ICOs that target too high reached token sales.

I guess most of the people are aware that the project will likely scam. They just do it because they hope that they will get rich real quick. Like you said, they take risk. They know it won't end up well in the long run. Hence they try their luck. They put some money in, hopes a hype is going to be created (and they shill for it too) and exit as soon as possible. They do succeed most of the time, while others suffer. Or sometimes, altogether everyone loses when the developer decides to make a early exist scam. People who does this actually encourages those scammers. And because of them others also fall for those scams.

Many people have being involved in many scam projects starting from ICO days till date, at least in my own case I have involved with many as well, and the funny thing most times they come with good ideas, features and so on, all in a bid to look legit but at the end, they still scam their investors; I think I would say only a very few (maybe around 5%) are really genuine and ready to last long term. Also, nowadays, I think the best way to go about investing in new projects is doing so through top platform's, be it IDO, IFO , or IEO, in this way you are sure of not getting scammed as you can sell once listing takes place or wait till further price surge. With more growth of the crypto space comes with more scammers, so it's very important for everyone to be careful.

I never invested in ICOs but I invested many shitcoins in the year 2018 without doing research of the project. I'm hoping that I will get rich if I hold shitcoins for long, I'm so very optimist but they were all scams, the dev just abandoned the project, ran with the money without a traced.

I still remember that i was scammed three times. I invested almost half of my savings. I have been such a loser that time. I was so disappointed and easy to get mad because of what happened to me. Because i can easily trusted someone without knowing their intentions because that time I thought they are helping me to earn and have a profit, but it's not. Anyway past is past and I have learned my lessons not to trust so easily.

Maybe not scammed because i bought the coin without any promise from the site. But i bought a coin maybe if someone remember, PFC which created from online mining site. I already get profit but then the mining be scam and then the coin don't have value anymore. My biggest losses in trading.

Two big scams I can remember myself. Others weren't so much scams as just bad buys (I bought tokens and they did end up being listed but they just never achieved anything great and they at least did develop some kind of product.

What hurt most was that the scams were actually the ones I put the most DYOR effort into. Reputations, etc, escrows, whatever. But when a centralized project wants to scam, they scam. Nothing can help you then.

I'm not sure I have invested money in crowdfunding like ICO...Though I have contributed/promoted certain ICOs in the past.
 
I lost few crypto on  a popular cryptocurrency exchanges that suddenly impose kyc without notifying me and probably other customers. I just decided to leave the crypto for them rather than sending my private info to people that could abuse it. I guess you could consider that a scam even though I didn't actually lose the money. Their kyc requirement is way risky than my fund on the exchange... so I let the fund go.

My very first investment in the crypto space turned out to be a scam. That was back in August 2017 i think and i invested into the ICO of DimCoin. It was an african project and they managed to raise a huge amount of money (14M USD). Shortly after the ICO the CEO of the project left which was already a bad sign. Then nothing at all happened for some time. Suddenly a part of the team left DimCoin and created their own project, probably with the money they got from the DimCoin ICO. To make a long story short the project was and is a complete scam. Thank god i only invested 150$ because it was my very first investment and i didn't want to risk more money. Other poor people invested thousand of dollars and lost it all though.

Very few or next to none, I forgot the number but honestly I rarely fall into those scammers' trap just by knowing that if something is too good to be true then maybe that isn't real or just a scam. Most of the scams that I've observed also seem to offer some unrealistic reward like get return of 5% of total investment every day which by logic alone you couldn't obviously distinguish it that it's just to lure people into their scam. But I don't consider the investment that I've brought to some potential project which ended up failed as scam after all business isn't always smooth and anything could go wrong almost instantly.
Also, just don't investment if there's a doubt in your mind regarding the project that you're about to invest to.

BSC has provided a 20x flip profit for SAFEETH trading, for trading I do not have detailed research on BSC tokens but take advantage of every moment to gain profit, the trading is clearly very risky so it is not recommended for anyone.

I am not ashamed to say that I've fallen prey to scammers severally in the past, I can't even remember how many, but the good side of the story still remains that I've made more money far more than I've lost to scammers and failed projects.
My first scam experience was in 2015 at the very beginning of what we call IEOs today, the scammer got his coin listed on an exchange(Kuwait coin is the name of the coin, can't forget for sure), we invested in the project by buying the coin from the exchange, at the end, the scammer withdraw all the money he earned from selling his coin on the exchange and ran away, abandoning the project, the exchange closed trading and deposit, they only allowed everyone to withdraw the shitcoins that has no where else to trade them, that was how we all lost our money.
I've also been a part of a project which I luckily earned a lot of money from, but later, the project turned scam, I participated in their bounty campaign and also invested in their public sale, at the end, the token was listed on uniswap and it was like I knew the project won't last, I didn't bother hodling, I sold off all my coins at the very first opportunity, coins I earned from bounty and that which I bought all together, I sold everything earning quite a lot of money luckily, returning to the project about two weeks later, I discovered they've rug pulled on the investors and disappeared, lots of shit things happening in crypto.

I've also gone through a couple of times, not really many times for me to realize which projects are legitimate. Seeing them all problems are rooted in greed, and they take advantage of it to take our money. Even when I found out about projects with signs of fraud, I have been making a profit from those projects. I must say that for many years in this market, I can control and be satisfied with what I had.

I can't remember but I think I have bought several coins that in the end, it is either dumped to oblivion or abandoned by the developer.  I also remember that I bought hashminer from Josh Garza's gawminer and even bought paycoin because it was too hot that time.  I was lucky to sell all my mining power and paycoin and be able to get out of the scheme with profit.

I can't say I've funded scammers before but I've surely give them a helping hand with their scam projects, yes year ago I was so hooked with crypto mining so I went ahead and buy some mining rigs just to mine new coins, my mistake was I should have mine coins like Ethereum or bitcoin but instead I ended up mining new alt coins hoping that I will become more successful this way but in the end almost all the coins I mined are dead

to be honest investing in ico I was never fooled because I always check and rely on Fomo from other people, but the most part is when buying shitcoin that is released on the pancakeswap. because of the hype many say it can generate 2 to more than 100x as much, I tried several times and loss, since then I never bought that again.