How to prevent fraud? - page 3. | Bitcointalksearch.org

asus09

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Quote from: Aying on November 23, 2019, 09:08:38 AM

Quote from: Xxmodded on October 08, 2019, 01:55:07 AM

fraud cases is not only with bitcoin but also many time fraud happen with money transaction, many kind of investment today never give back profit for investor after invest their money to the owner, they use member investor money to get rich for his self and do not care what happen with their member.

Agreed and a lot of crypto project do the worst thing. a lot of victims in 2017 are being mad and fall into peices on investing in that year. a lot of scam projects came out flowery promises are everywhere. but until now there still a lot of victims and still not avoiding this project scam. this will still continue in the time that everyone be aware of the frauds that are being perpetrated against them. so hopefully in upcoming new year everyone is improving and scammer will disappear slowly.

After many victim on 2017 with bitcoin have down to lower price make many people look fraud with investing in bitcoin or altcoin, they will think the same moment with 2017 when bitcoin down suddenly will happen again, I think is not fault by investor because they have faced moment with bitcoin down but we have never give up with bitcoin and altcoin investing.

Boov

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Quote from: TitanGEL on November 23, 2019, 10:44:22 AM

there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.

Gyfts

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The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly.

bohr

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Quote from: Smitty Werben Man Jensen on November 23, 2019, 04:39:43 AM

Quote from: meliodas on November 23, 2019, 03:17:36 AM

Quote from: bohr on November 22, 2019, 03:04:42 PM

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

Yes. Control all of your emotions to not get be in the FOMO train because if you will jump into the hype because of fear of missing out then your money will be drain by the manipulators in the market. You should be investing and jumping into projects that are really proving that they are working hard to achieve all of the goals that they set.

We cannot avoid FOMO and FUD in the world of trading or cryptocurrency, if you join FOMO a coin make sure you don't want too much money,
it will become your own weapon, sell if you feel you have enough and go away from FOMO

We can avoid being part of FOMO and FUD and the only way in which we can do this is to control our emotions, whenever you see the market going up really quickly people want to be part of this because they think of all the profits that they can get if they are part of the market but in most occasions when that happens you are already too late to enter the market, and if you do, you are only going to get losses but it is very difficult to resist the impulse to join when everyone else seems to be getting huge profits by doing almost nothing.

atjiat

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Quote from: TitanGEL on November 23, 2019, 10:44:22 AM

there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

The fact is that compared to 2017 and 2018, fraud in the cryptocurrency market has become a little less, because investors have become more careful in choosing new companies to invest in. Of course, scammers today come up with various ways to deceive cryptocurrency users, but nevertheless, in my opinion, the scale has become a little smaller, although it has become much more serious. And most companies do not show good results and disappear from sight after their announcement only due to the fact that the cryptocurrency market is in very poor condition and most potential investors do not express a desire to invest their funds in low-potential projects.

DaftAjax

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Quote from: doomloop on November 26, 2019, 02:32:18 PM

Quote from: DaftAjax on November 24, 2019, 11:38:30 AM

Quote from: Edraket31 on November 24, 2019, 08:23:13 AM

Quote from: TitanGEL on November 23, 2019, 10:44:22 AM

<....>

so of course this scenario that happened to their life will for sure they will share it to their friends and relatives which will become frightened and instead of having the courage to invest they will lose hope.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

Sharing the words is a way of spreading the awareness. If someone can get benefit from our experiences, then we should not resist from letting the cat out of the bag. Each matte can be looked from different angles and only pessimists will focus on negative side. Investors should be more careful with their decisions and go for options that are supported by a huge community.

But then again, people tend to be depicted as "white sheeps". If a person told someone that a certain something is terrible they would easily believe it even though they didn't even saw/heard for themselves. It's easier to doubt than to trust after all. But then again that also depends on who says what. If the said person have closed ties with someone who is being told to, its really obvious that that certain someone will whole-heartedly trust the said person.

doomloop

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Quote from: DaftAjax on November 24, 2019, 11:38:30 AM

Quote from: Edraket31 on November 24, 2019, 08:23:13 AM

Quote from: TitanGEL on November 23, 2019, 10:44:22 AM

<....>

so of course this scenario that happened to their life will for sure they will share it to their friends and relatives which will become frightened and instead of having the courage to invest they will lose hope.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

Sharing the words is a way of spreading the awareness. If someone can get benefit from our experiences, then we should not resist from letting the cat out of the bag. Each matte can be looked from different angles and only pessimists will focus on negative side. Investors should be more careful with their decisions and go for options that are supported by a huge community.

DaftAjax

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Activity: 532

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Quote from: Edraket31 on November 24, 2019, 08:23:13 AM

Quote from: TitanGEL on November 23, 2019, 10:44:22 AM

<....>

so of course this scenario that happened to their life will for sure they will share it to their friends and relatives which will become frightened and instead of having the courage to invest they will lose hope.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

pecson134

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I do agree that there would always be employee inside a company that were engaging and committing fraud most specially those person who are the least expected ones but if you observe carefully those who you think the people who are in dire need of money, they were the usually ones who are tempted to do those heinous crimes regardless of what their position are.

Edraket31

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Quote from: TitanGEL on November 23, 2019, 10:44:22 AM

there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

Which we cannot blame every people, every investors to be fear with what had happened over the past years, many people had been depressed, many people becomes tired and had lost a lot of money, so of course this scenario that happened to their life will for sure they will share it to their friends and relatives which will become frightened and instead of having the courage to invest they will lose hope.

TitanGEL

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there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

Aying

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Activity: 784

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https://raiser.network

Quote from: Xxmodded on October 08, 2019, 01:55:07 AM

fraud cases is not only with bitcoin but also many time fraud happen with money transaction, many kind of investment today never give back profit for investor after invest their money to the owner, they use member investor money to get rich for his self and do not care what happen with their member.

Agreed and a lot of crypto project do the worst thing. a lot of victims in 2017 are being mad and fall into peices on investing in that year. a lot of scam projects came out flowery promises are everywhere. but until now there still a lot of victims and still not avoiding this project scam. this will still continue in the time that everyone be aware of the frauds that are being perpetrated against them. so hopefully in upcoming new year everyone is improving and scammer will disappear slowly.

Savemore

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Quote from: bitbunnny on November 17, 2019, 09:18:13 AM

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

You should be suspicious if you see something on internet that offering high returns in just few days or weeks. There are many frauds issues because people do not considering the risks. We should always be careful when we are putting our money in some investment. Scammers are increasing so we should have knowledge to protect our capital.

ajaymukund

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Quote from: Ranly123 on February 21, 2019, 05:28:53 PM

I guess fraudulent is not preventable but you can minimize being a victim if you will be very vigilant in your actions towards your investments. Doing more research before engaging to something which includes money will reduce the chances of being a victim of fraudulence.

Yes, we really should search Google for ways to avoid investing in these types of scam projects. There are lots of bloggers at google who make quality posts on analyzing ICO projects at hot times (2017) and it's really helpful. I have read it over and over 100 times to help me be more careful in investing. You can search in the link below, it will be more complete.
https://cointelegraph.com/ico-101/how-to-choose-an-ico-to-invest-in

Smitty Werben Man Jensen

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Quote from: meliodas on November 23, 2019, 03:17:36 AM

Quote from: bohr on November 22, 2019, 03:04:42 PM

Quote from: crisanto01 on November 17, 2019, 12:40:02 PM

Quote from: bitbunnny on November 17, 2019, 09:18:13 AM

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

Yes. Control all of your emotions to not get be in the FOMO train because if you will jump into the hype because of fear of missing out then your money will be drain by the manipulators in the market. You should be investing and jumping into projects that are really proving that they are working hard to achieve all of the goals that they set.

We cannot avoid FOMO and FUD in the world of trading or cryptocurrency, if you join FOMO a coin make sure you don't want too much money,
it will become your own weapon, sell if you feel you have enough and go away from FOMO

meliodas

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Quote from: bohr on November 22, 2019, 03:04:42 PM

Quote from: crisanto01 on November 17, 2019, 12:40:02 PM

Quote from: bitbunnny on November 17, 2019, 09:18:13 AM

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

Yes. Control all of your emotions to not get be in the FOMO train because if you will jump into the hype because of fear of missing out then your money will be drain by the manipulators in the market. You should be investing and jumping into projects that are really proving that they are working hard to achieve all of the goals that they set.

Google+

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Quote from: bitbunnny on November 17, 2019, 09:18:13 AM

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

indeed what should make prices go up is from the development of the project and from the increasing demand, if a project can create a solution that can be used by many people then it is certain that the price will be very expensive and the number of requests can be one of the reasons for rising prices.

bohr

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Quote from: crisanto01 on November 17, 2019, 12:40:02 PM

Quote from: bitbunnny on November 17, 2019, 09:18:13 AM

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

crisanto01

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Quote from: bitbunnny on November 17, 2019, 09:18:13 AM

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

bitbunnny

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Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

Topic: How to prevent fraud? - page 3. (Read 3155 times)