The main reason we are getting scam due to not using our common sense. Sometimes when we see a greedy offer then we just become emotional, then we do not ask our common sense if we should invest here. Blindly we invest there and handover our hard works money to scammer pocket. Always should ask your brain before invest anywhere if it's crypto-related. We always have been looking to earn money shortcut which isn't possible ever. Why our mind doesn't want to believe that there is no such as a money-making machine?
Although we can't prevent 100% scams, we can minimize them. Keep in mind, who have been offering a high return within a short time, just stay away from it. Be careful with a greedy giveaway, that's the most scamming method lately. Try to work hard and earn it legally. Ask this community if something on your mind. Hope you will get helpful information from here.
Topic: How to spot an Investment Scam - page 2. (Read 315 times)
All these can only work on newbies, I don't use any platforms that are unknown to me, I've seen few newbies even asking questions first before using any new platform, if you are a newbie you need to be smart, before joining any platform for trading make sure you seek answers on this forum first
INTRODUCTION
Cyber crime is on the rise, they just seem to pop up everywhere on Facebook, Telegram, Instagram, LinkedIn you name it. They are relentless posing as people whom they are not. Scammers take advantage of ignorant people looking for investments and want to jump on the Bitcoin train. And because of their ignorance of the crypto space they are easy prey for scams. You would think if someone has been scammed once that would be enough. But scammers often target investors who have lost money in a risky investment. They'll contact the investor with an offer to help you recover your funds only to rip you off in the end. Most cases the victims of these scams do not share their story because of the shame that comes with losing your money. But keeping silent creates room for someone else to fall victim to the same scam. We have to keep up, educate and report these scams.
4 Signs Of A Crypto Investment Scam:
High returns and low risk - Promising unrealistic returns is popular among scammers. This of course is a red flag.
Random texts from a beautiful lady telling you to invest - If you live long enough in the crypto space, every now and then you'd experience this.
Pressure to invest- Scammers always try to rush you into investing so you don't have time to think about it or talk your friends about the investment
They all follow the same or a similar script - beautiful girl, luxury cars and houses. Also check out for mistakes in their grammar.
Steps To Avoid Being Scammed
Avoid investments if you don’t understand them or can’t get complete information about them.
Don’t put your money in investments that promise huge returns with little to no risk.
Be skeptical if you don’t receive a payment or have difficulty cashing out when due. They usually come up with silly excuses like delivery fee, tax and all that.
CONCLUSION
Do your own research before investing in any project. Save yourself of the pain of losing your money. Report any suspicious account to the relevant authorities. We can all have a safe healthy community free from scammers if we do our part.
Cyber crime is on the rise, they just seem to pop up everywhere on Facebook, Telegram, Instagram, LinkedIn you name it. They are relentless posing as people whom they are not. Scammers take advantage of ignorant people looking for investments and want to jump on the Bitcoin train. And because of their ignorance of the crypto space they are easy prey for scams. You would think if someone has been scammed once that would be enough. But scammers often target investors who have lost money in a risky investment. They'll contact the investor with an offer to help you recover your funds only to rip you off in the end. Most cases the victims of these scams do not share their story because of the shame that comes with losing your money. But keeping silent creates room for someone else to fall victim to the same scam. We have to keep up, educate and report these scams.
4 Signs Of A Crypto Investment Scam:
High returns and low risk - Promising unrealistic returns is popular among scammers. This of course is a red flag.
Random texts from a beautiful lady telling you to invest - If you live long enough in the crypto space, every now and then you'd experience this.
Pressure to invest- Scammers always try to rush you into investing so you don't have time to think about it or talk your friends about the investment
They all follow the same or a similar script - beautiful girl, luxury cars and houses. Also check out for mistakes in their grammar.
Steps To Avoid Being Scammed
Avoid investments if you don’t understand them or can’t get complete information about them.
Don’t put your money in investments that promise huge returns with little to no risk.
Be skeptical if you don’t receive a payment or have difficulty cashing out when due. They usually come up with silly excuses like delivery fee, tax and all that.
CONCLUSION
Do your own research before investing in any project. Save yourself of the pain of losing your money. Report any suspicious account to the relevant authorities. We can all have a safe healthy community free from scammers if we do our part.
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