Topic: How many scams have you caught? - page 2. (Read 564 times)

I've been scammed about ten times since the beginning of my crypto journey. Being scammed might cause trust concerns with any legitimate crypto project. Aside from that, getting scammed makes you more cautious with your money, and also make you do a research on the project to ensure that you will not being scammed again. There are a lot of scammers in crypto, and I'm not sure why they keep doing it.
My sole piece of advice to you is to always conduct research on a project before investing, and avoid projects that appear to be "too good to be true" because they are most likely to scam us.

I've never been so insecure about the market until I got scammed with these shitcoins and I realized I've lost quite significant amounts of my portfolio. When we see a project in the market, we shouldn't rush into anticipation of these projects, rather we should take our time to examine the market and ensure we're stick on the winning side. Scam projects are everywhere in the system, we just have to apply precautionary measures to ensure we be on the safer side or path because no one would like to welcome defeats  and losses in the system.

On the time that i have known about bitcoin or crypto because im really that a fan with those ponzi schemes back in the past onw which those doublers  did really hook up me into cryptocurrencies considering that
it is really that looking so interesting and something that could really make you that invest. On the time that im gaining experience on those ponzis and scams around then im already that vigilant when it comes to scams.
I cant remember on how many i have been able to catch up some scams because i do usually visit out on Scam accusations board and checking out whether those accusations were real or not at first.
If its a yes, then solid proofs had been provided but if its not then just simply move on.

Scammers are lurking in the shadows on which they would really be always targeting into those newbies who do have that lack of knowledge and experience
in crypto world. They are the ones who would be the easiest person that would be fooled on. As people do able to know their moduses then they would really be tending to make out such
adjustments and they are getting sophisticated day by day.

And since it is too difficult to figure out how to tell apart the good projects from the bad projects, since scammers make an effort to make their scams look as similar as they can to the few legitimate projects out there, we need to question ourselves if it is worth it to still try to invest in some of those projects? As the chances you will get scammed are so high that even the high benefits you could get from investing in a good project do not really offset the massive risks you need to take.

I don't know how many times I got scammed. I've experienced it many times in the past. The most experience I got in 2017-2020, I often speculated on new projects at that time. But since 2021, I tried to be more careful and I rarely invested in new projects. Most projects I invested are the top projects or established projects, it is an effective way to avoid scam projects. I can minimize to be involved in scam projects until now.

The potential of huge profits is the main factor. New projects offer the chance of gaining bigger profits since it is in the beginning of the project development. The teams are also very often bragging to provide many developments in the projects. But it was never proven, they even disappeared when people already have high hopes.

There are so many scams in the market while some are easy to identify some are very hard to .I usually tried to avoid most project that looked suspicious to me that is just the only way that i have been able to avoid some scams projects though that does not prevent me from been scammed sometimes.

I amore interested in knowing if a project is scam when it comes to investment. For us to make profits, we need to make sure that we make appropriate investment knowing what project is good or bad for us. There are many ways we can determine if a project is scam or not depending on our experience in the market. The market is for those that have idea and know how to make money by leveraging what the capital they have and use it to acquire profits in the market.

It is true there are scams that are so blatant that only those that ignore all of those warning signs will throw their money at them, however there are some scams that are so well disguised, or that maybe at the start were not a scam but that eventually the people behind it decided to go towards that direction, that it is very difficult to protect yourself from them unless you purposely avoid most new projects as a self-imposed rule, a rule that makes sense especially if we consider that during the next years even more coins will be released, and every single one of them could turn into a scam without any warning.

I think things like that are difficult to count, because there are so many people trying to cheat other people, starting from airdrops, giveaways, projects, bounties, and others. In fact, I have also bought several coins which ended up being a scam. Some things like this are easy to research, some are difficult. For those that are easy to research, sometimes they provide information that is not very clear, and only focus on the number of prizes or profits that we get. However, there are also things that are difficult to detect, such as the person really intending to build a project, but in the end they are trapped by greed and fraud.

You must understand that when you see promises of a big income for work that is not worth the big money, it will always be a scam. In cryptocurrency, there are always more such projects than correct and real ones. Therefore, everything that seems too suspicious to be true to you is indeed a lie. Of course, this definition of fraud is intended for people who are deprived of any illusion that gifts are being given out on the Internet. If you are very skeptical of strangers who want to “help” you improve your financial situation, then you will forever become uninterested in scammers.

I am most of the times able to know that over promising and high returns in short term is a possible scam so I do not invest in it.
I will not fall into scams like a phone call for refunding and doubling money they are too easy to figure out that it is scam. I was scammed one time by a online cloud mining game when i was new.
I was earning crypto from PTC sites and investing in that but after investing for over 6 months I wanted to withdraw but the site introduced too many different ways to not give the money to players.
like introduced some levels in game, and players need to have 10 active referral to be able to withdraw, etc.

I don't remember them anymore but being scammed made me mature enough to identify them, somehow it becomes natural to you. You see a discord/telegram PM shilling you something, and you instantly know it's scam.

You see half-assed project website, you see project claiming to be next Bitcoin/Ethereum, you see project guaranteeing promised returns — you know it's scam.

You see defi project audited by certik, you know it's not worth your time 

We have witnessed many scam projects in this industry. I am the one who has seen and heard about the big scandals I have seen here in the field of cryptocurrency, including those of Mt. Gox, Luna, Ftx, and other campaign projects that have come out.

So we must also know the correct procedures to avoid scam projects so that the victims of such scandals in terms of investment schemes can be avoided. Though, we know scam is everywhere nowadays.

I have been caught in a scam project before. It was one time with one project. In 2021 but I can't remember the date. That project was called Merlin. It wasn't advertised in this forum. They ran a campaign in Medium. I lost $360+ on that project. They had this staking system where you get a reward for staking their token. I was a newbie and didn't know much. I staked all at once and then the whole project got hacked. Then I came to know that it was an exit plan all along. So I got scammed there. After that, I was very eager to learn to avoid those scams.

As mentioned above, I got caught and was not able to get out of it. But after that, I have seen many fishy projects that turned out to be a scam later on. Also, one of my friends got scammed on a project. I immediately recognized it. You can say like a gut feeling. It was related to Tron staking or something like that. You buy trx, you stake that in their platform, and when you try to withdraw, they ask for a fee from you for withdrawing your tokes. Like what the actual fuck. I have the asset in my wallet, take it from there. Why do I have to send more money to get my own money? This is what gave it away. I told him not to continue that and withdraw what is left there. He didn't listen to me and he got scammed.

In my area, cryptocurrency investment is actually booming, wrapped in multi-level marketing, where if we don't get downlines, our money will grow by 2% per day and if we get downlines, we will get a certain fee which is certainly very tempting. Unfortunately, many people don't understand the world of crypto, they are tempted by the profits and feel proud of being part of technological developments. and it's not a scam at this time, but with a Ponzi scheme, of course you're just waiting for a time bomb

You are in the same era as me, since Bitcoin reached ATH in late 2017, there have been more scam projects advertised with Bounty, and even they don't use experienced managers.
It looks like there are so many scam projects that we receive that in the end we just get scammed and get nothing and are just wasting time.
But it is a lesson so that before participating in any bounty campaign, always do research, but in sufficient detail because they used to fake identities well.

Airdrops asking for personal data may already be quite common, but if an airdrop asks for a Private Key, obviously it's already a real trap.
Only fools would give away their private keys just for worthless airdrops.

There are far too many in my local crypto community. In a Facebook group that I belong to, I'm one of those who report potential scams to admins that are managing the group. We're able to nip the bud right even before it blooms, and I'm glad that I'm a part of busting those schemes right even before they claim a victim. All in all, I think I helped catching over 20 scams in my local community in the span of 5 years, most of which are Ponzi schemes promising extravagant returns after x amount of days.

I have been scammed once before but not on this market, just lost a couple of tens of dollars and I still learned a lot from the experience, and probably the best advice I can give you is the simplest one, which is to use your common sense, if you see a bunch of developers promising their investors that their coin is going to give them massive profits then this is a clear sign that such a project is a scam, as no one can really give you the security that their coin can produce those kind of profits, so as long as you use your common sense you should be fine and you will be able to avoid most scams.

I'd say some of the first few projects I participated in? I wouldn't call them scam per se (I think, might be wrong), just that they promised results that were far and above and my dumb ass fully believed it. When their coin was released the project simply dumped downward really hard making the time and effort I gave it useless. After that, I simply stopped providing for new projects. Even if profits were low, I only settled for projects that were already known for a long time and hardly checked on the new ones. I do study on some that I gain an interest in, but I limit it to solely studying them. Investing/Participating? Nope.

Scam projects that make them look like very legit projects, but it turns out they are just taking advantage of us, after they get it, they run away. I've experienced this several times, fortunately I didn't put money into their project, but at that time I participated in their bounty program several times. worked for several months and finally got nothing. And it turns out that they are indeed scam projects under the guise of legit projects. Even though I have analyzed the project and it looks very convincing, in reality, it is really a scam.

Apart from that, we often come across airdrops with the promise of big prizes. However, one of the conditions is to enter important data from us, some even ask them for private key or private key data or send a certain amount of funds to their platform to disburse the prize. This happens very often. And in reality, there are still many victims who are caught in scams like this even though it has happened many times.