Scams come in a lot of ways.
Whether you wanted it or not. Look, even if we're putting our highest guard, scammer could still hides their tiniest scheme. It's best to avoid it, true.
It's kinda hard to tell someone this or that, they tend to gave up to their emotions, especially hyip, ponzi, fomo or the like.
As for the tips mentioned above, my advice is be prepared for anything. Don't click any suspicious links, double check everything, don't just blindy believing what someone's said. Do your own research, and always prepared for the worst.
Topic: How NOT To Get Scammed - page 16. (Read 4652 times)
Newbies love to try as see even if they will lose money, bitcoin doublers and HYIP still have loads of people who patronize them every day, some became lucky and some lose out big time but everything starts from the greed of the heart
HYIPs: When it looks too good to be true, then it's probably too good to be true, when you see any investments that promise high yield returns, please stay far away from them, when you see genuine projects that offers returns, most of their returns are so low, some of them are average of 10% per annum and it's a wonder that we see platforms offering 10% and above in a day and we gladly jump straight into rekt, like I said, if it sounds too good to be true, then it's too good to be true.
The problem here is that people still risk their hard-earned money to invest in an insecure invesment platform. At first they knew it was going to go to the scam but with the big money and they thought that in the pioneering stage it would pay them off immediately, And what's worse is they encourage the novice to join, so they are the victims most often.Therefore, prevention of people who already know this trend should begin. To prevent the novice from becoming a victim.
Newbies should behave like a newbie and learn first, they should put aside their greed for money to avoid making mistakes, scammers number trick is to offer fake promises and high rewards
I once invested in one project because of FOMO. The project is discussed by everyone in the group and every day there will be news that appears. I am still holding and analyzing, then I am interested in investing some of my funds in it. When the token sale is complete, just wait for listing on the exchange. But until now the project has not been listed anywhere and tokens have become junk.
Past experiences adds up to your knowledge, learning things in the hard way will take you to the next level. Many traders and investors failed to do their homework, same with how OP explains factors that affect investors point of view.Rushing into something without committing yourself to study and research makes you vulnerable and easy to be a victim by scammers out there who's looking for the next target.
I guess everyone here did go to that growing pains early in their crypto journey.
I myself was very gullible way back, investing on a so called bitcoin doubler, but we all know what happens next. If I may add, crypto is not a get rich scheme, everyone who join this market because of that mindset will lose everything is just a matter of months.
And as much as we hated Ponzi, it will continue to grow, it's already 2019 and there are still individuals who fall for this kind of trick.
I myself was very gullible way back, investing on a so called bitcoin doubler, but we all know what happens next. If I may add, crypto is not a get rich scheme, everyone who join this market because of that mindset will lose everything is just a matter of months.
And as much as we hated Ponzi, it will continue to grow, it's already 2019 and there are still individuals who fall for this kind of trick.
I once invested in one project because of FOMO. The project is discussed by everyone in the group and every day there will be news that appears. I am still holding and analyzing, then I am interested in investing some of my funds in it. When the token sale is complete, just wait for listing on the exchange. But until now the project has not been listed anywhere and tokens have become junk.
I think learning and gaining experience is also important to avoid fraud. Newbies often have no knowledge of what they're about to face, so they are the most vulnerable subjects.
Remember the bitconnect scam, this is the best example of all the lists that was mentioned. A lot of people got scammed because of FOMO and greed, the project really is attractive because of their income plan, but if you will look at it deeply it is too good to be true. I have seen a lot of people breaking down in YouTube saying they have invested all they got in there and etc. That is why people should be careful when investing and must really do their research.
You just reminded me of this, The Bitconnect scam is probably one of the worst heists in the history of Cryptocurrency,t he sad fact is that when something similar came up after the crash of Bitconnect, some people were still investing in the hopes of recouping their loses which only led to more loses.Greed brings me to that investment, even after realizing the situation, I still do not believe my instinct.
I would add one more.
Don't visited random website that has crypto airdrops on there , or don't click on random links that people shared or people sent to you because it might be contains malware that can track your wallet password.
So be careful on surfing in cryptocurrency websites, because there are some of them contains malware and it will steal your personal private key or passwords
Don't visited random website that has crypto airdrops on there , or don't click on random links that people shared or people sent to you because it might be contains malware that can track your wallet password.
So be careful on surfing in cryptocurrency websites, because there are some of them contains malware and it will steal your personal private key or passwords
mistakes usually occur because of FOMO and also greed because both of them do occur due to human nature. I think it can be avoided by improving ourselves first, uncontrolled emotions can create losses and limitations in seeking profit
I have been exposed to FOMO in 2017 when IGNIS snapshot airdrop. At that time I bought NXT for $ 0.05 and kept holding until NXT reached ATH, because I wanted to get IGNIS. It turned out that when IGNIS was distributed, NXT dropped sharply. If I sell NXT without waiting to get IGNIS, I can get around $4000 at the time. But only about $1500 that I finally got. But, that's life, we have the right to choose and bear each of them.
Remember the bitconnect scam, this is the best example of all the lists that was mentioned. A lot of people got scammed because of FOMO and greed, the project really is attractive because of their income plan, but if you will look at it deeply it is too good to be true. I have seen a lot of people breaking down in YouTube saying they have invested all they got in there and etc. That is why people should be careful when investing and must really do their research.
You just reminded me of this, The Bitconnect scam is probably one of the worst heists in the history of Cryptocurrency,t he sad fact is that when something similar came up after the crash of Bitconnect, some people were still investing in the hopes of recouping their loses which only led to more loses. Thanks for posting, hopefully newbies will be aware. In my opinion greed is the biggest problem, because when hunters see a new bounty that promises to allocate 2 million USD as rewards, they are all starting to promote it without even checking the project.
I don't think it's about bounty, and regarding projects that promise a lot of prizes, I think it needs to be suspected for now. Op is just not satisfied with the small profit, therefore, this will be a lesson so that we may not be greedy in taking advantage. Imo 
According my experience before joining in this forum is Greed and fomo. At 2017 before bitcoin reach their ATH, I was trapped with fomo moment although that make me profit (very rare moment). I also ever be greed for holding altcoin, and that make me lost approx $3000.
Thanks for posting, hopefully newbies will be aware. In my opinion greed is the biggest problem, because when hunters see a new bounty that promises to allocate 2 million USD as rewards, they are all starting to promote it without even checking the project.
Remember the bitconnect scam, this is the best example of all the lists that was mentioned. A lot of people got scammed because of FOMO and greed, the project really is attractive because of their income plan, but if you will look at it deeply it is too good to be true. I have seen a lot of people breaking down in YouTube saying they have invested all they got in there and etc. That is why people should be careful when investing and must really do their research.
Investors become greedy, even after knowing that this is a scam, most of its investors still continue their activity.They focus more on their possible profit than securing their money. Instead of getting away with this project, investors chose to close their eyes and expected too much from the project.
Remember the bitconnect scam, this is the best example of all the lists that was mentioned. A lot of people got scammed because of FOMO and greed, the project really is attractive because of their income plan, but if you will look at it deeply it is too good to be true. I have seen a lot of people breaking down in YouTube saying they have invested all they got in there and etc. That is why people should be careful when investing and must really do their research.
My worst experience was FOMO because of uncontrolled emotions at the time, and I had already corrected the incident. and this thread is very useful for other members, especially newcomers, because they are still often provoked when making investments or daily trading
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