Topic: How to prevent fraud? - page 7. (Read 3155 times)
The only major way to prevent fraud in crypto is to stay alert and become ones own security because there are no softwares or programs to check that for investors and traders. Refrain from enticing offers sent to mails from unknown sources because these mails may be containing files which can be phisphing.
If we are talking about hackers, that we should be more attentive to our personal data and not transfer them to anyone, In addition, the storage of keys, as well as the creation of passwords should be very serious in format. Regarding fraudulent projects in the cryptocurrency market, I would like to say the following that without legal control of the market it will be very difficult to get rid of this problem. Initially, each project must be registered with state institutions, and then we can legally protect our rights.
Fraud, scam and hacks; those are the primary crimes happening in this industry. I do not know until now, many people are still experiencing of a scam. We should be preventive. Do not easily attached with strangers. That is my motto! Because even that stranger came to my native country or region, he still have the opportunity to scam me. They just pretending to be humble person at first then they will block us later. I thank God because until now, I do not yet experience to be scammed in money but in bounty, I experienced many times.
This is a will write up information about fraud and I really learn alot from this information. I have see fraud in all facets of endeavour and people in authority are really the best fraudster. From government agencies to public office holding we see a lot of fraud daily and I think since some of them has fraud investigating agencies in their pockets it very difficult to find out and prosecute them. Follow your recommendation I think it is best we have a system that makes it difficult for people to commit fraud and scam.
It is not easy to prevent fraudulent acts yet still there is a chance to avoid them. Cryptocurrency is full of scammers and hackers. If we are too ignorant or not a speculative person, we are more likely to engage in frauds. Some of ICO projects is one of the example that we will always experience frauds. Even we are investors or bounty hunters, we always deceived by this fake developers. 
You can't really avoid it. Even if you're a person with a high IQ it's just impossible to plan for every possible way that you can get hit. Experience helps a lot, but in order to gain that experience you have to be a victim.
trading requires very high patience because if you can't control the patience you have then you will often experience a lot of losses and all you have to remember is that trading has a very high risk.Well, I think the topic is more about fraud, not actual trading. There's no fraud in trading. It's just right and wrong decisions.
You are right, manipulation in trading cannot be called as fraud, as a trader we should be aware of that so we can make the right decision.
Trading is like gambling, you don't look only on a limited factors, there's a lot of factors to look, and that includes price manipulation which is hard to guess by looking at the graph alone.
You can't really avoid it. Even if you're a person with a high IQ it's just impossible to plan for every possible way that you can get hit. Experience helps a lot, but in order to gain that experience you have to be a victim.
trading requires very high patience because if you can't control the patience you have then you will often experience a lot of losses and all you have to remember is that trading has a very high risk.Well, I think the topic is more about fraud, not actual trading. There's no fraud in trading. It's just right and wrong decisions.
It is hard to spot fraud nowadays. They became wiser and more strategic. They seems to be organized and can look like or even better than the legit ones. So everybody must be extra careful. If possible, never miss a detail about it. Sometimes we became comfortable when we were convinced that a project is legit. Fraud don't look like fraud in the start. But it will eventually, So we have to watch out time after time.
From the initial preparation and also the mechanism indeed already has the intention to commit fraud. and this is what is happening nowadays where most projecks are a scam due to that. we ourselves as investors must be more careful when interested in investing. not arbitrary in putting money into investments with high profit offers 
It is hard to spot fraud nowadays. They became wiser and more strategic. They seems to be organized and can look like or even better than the legit ones. So everybody must be extra careful. If possible, never miss a detail about it. Sometimes we became comfortable when we were convinced that a project is legit. Fraud don't look like fraud in the start. But it will eventually, So we have to watch out time after time.
The easiest way to prevent fraud In my opinion is not to fully trust other people or a particular institution so that they cannot cheat us because we do not believe, if in other ways it might take a long time, although not long it will have a difficult process also in the end.
There are some people that is good in social engineering. They are good at talking that they can convince someone to fully trust them and invest their money to them. They are even reputated that boost their influence. People that are in desperate need of money are the most gullible to become their victim.
I think to prevent frauds one should only trust people after they fully know 110% that they won't cheat even if their life was on line .
These kinds of people are hard to find even if you realize that they have good connections with you and also their reviews with other firms are good , at the same time if you think the work environment is very healthy and it's not about bossing people around but it's about cooperation .
I do think that this will make people more responsible and if someone likes what they doing and also at the same time likes for whom they are doing , it won't only prevent frauds and all it will also increase the growth of the company.
These kinds of people are hard to find even if you realize that they have good connections with you and also their reviews with other firms are good , at the same time if you think the work environment is very healthy and it's not about bossing people around but it's about cooperation .
I do think that this will make people more responsible and if someone likes what they doing and also at the same time likes for whom they are doing , it won't only prevent frauds and all it will also increase the growth of the company.
The easiest way to prevent fraud In my opinion is not to fully trust other people or a particular institution so that they cannot cheat us because we do not believe, if in other ways it might take a long time, although not long it will have a difficult process also in the end.
There are some people that is good in social engineering. They are good at talking that they can convince someone to fully trust them and invest their money to them. They are even reputated that boost their influence. People that are in desperate need of money are the most gullible to become their victim.
One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.
our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.actually fraud is sometimes difficult to handle. the problem is that fraud sometimes we predict sometimes there are also no signs, even though we've been careful just sometimes fraud is in front of us. so in my opinion dealing with fraud is sometimes difficult.
yourself aware you cant still avoid on not to be victimized by any frauds which are very sophisticated when it comes on hiding their
obvious schemes which do able to fool or make you believe.
One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.
our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.actually fraud is sometimes difficult to handle. the problem is that fraud sometimes we predict sometimes there are also no signs, even though we've been careful just sometimes fraud is in front of us. so in my opinion dealing with fraud is sometimes difficult.
One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.
our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.That is right, you can just ask people about that certain project or site you will be investing in so you will know if that is legitimate or not. It doesn't matter how long they analyze the site as long as you are safe and your money is not scammed. I guess you really need to know those things so, in the future, you will not need anybody to analyze a site for you, you can help them and teach them about it.
One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.
our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.
One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.
our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.
One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.
we have to learn from other traders experience.each person have their own experience.whether good or bad experience there are important lesson for us.and then we have to take summary how to prevent fraud by our own strategy.
To prevent a fraud, you must research thoroughly on that particular investment or business that someone is offering you. Don't put your money as long as you're not sure where you'll be getting the profit. Don't be amazed if he offers you big amount of return that is too good to be true.
The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research thoroughly about the team members of the project to identify the originality of the project.
Actually there are too many fraud here in cryptocurrency and there are many ways that they can do it. Yes, this fraud is one of the hindrance of cryptocurrency development though we cryptocurrency is still developing and eradicating the fraud. Others had already combine anonymity and KYC to which it will not create identity compromises by having a platform that will allow one user to be anonymous in every interaction done in a certain platform. Jump to: