Is it possible to avoid all scams? - page 16.

Russlenat

hero member

Activity: 2716

Merit: 904

Quote from: tyz on November 14, 2021, 07:18:00 AM

Quote from: minurre on November 14, 2021, 02:48:54 AM

Do you think it is possible to completely get rid of scams?

Honest answer, yes! I have been investing in cryptocurrencies since 2011 and I have never been a victim of scams*. For one very simple reason: before I invest, I look closely at the projects and do not believe promises made by others.
* This refers to projects in which I have invested money. However, especially in 2017 I have received some bounties that turned out to be scams afterwards. But here I have not lost money, but only a little time.

Wow, that's impressive, maybe I should give more time making research because I sometimes became a victim of scams. About bounties, yes, 2017 until early 2018 was the year where bounty hunting was really profitable, and just like yours, I also ended losing some of my rewards as they never recover after a long bear market, in fact until now they are just sitting in my wallet.

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: minurre on November 14, 2021, 02:48:54 AM

Do you think it is possible to completely get rid of scams?

Honest answer, yes! I have been investing in cryptocurrencies since 2011 and I have never been a victim of scams*. For one very simple reason: before I invest, I look closely at the projects and do not believe promises made by others.
* This refers to projects in which I have invested money. However, especially in 2017 I have received some bounties that turned out to be scams afterwards. But here I have not lost money, but only a little time.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: minurre on November 14, 2021, 02:48:54 AM

Do you think it is possible to completely get rid of scams?

It's not possible. The scammers will always exist forever. You didn't even know how much scammers that exist in the crypto market these days. This is an impossible thing to happen. If we can do that and we have been wiped out all of these scammers but we can't.

Quote from: minurre on November 14, 2021, 02:48:54 AM

Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?

What do you think, is it possible to somehow get rid of scams among crypto projects?

I got your point, you want people to talk about check dot. The more thread you created with your accounts and people will have bad impression with your check dot project. I have been seeing so many new threads being created as for promotional thread for check dot. This is horrible. You were destroying the reputation of your project indirectly. You were spamming it anywhere and that proves that if your project called check dot has bad reputation.

kidbounty

full member

Activity: 1064

Merit: 101

HELENA

Quote from: cryptoaddictchie on November 14, 2021, 03:03:27 AM

Quote from: minurre on November 14, 2021, 02:48:54 AM

What do you think, is it possible to somehow get rid of scams among crypto projects?

Getting rid scam is highly impossible. But prevention can do the trick. Many newbies are getting scammed so how do you plan to help them out. Complete guidance, reminder and all warnings. We can do that here in forum, the problem is those people arent paying attention on the details and somehow they take that for granted and ending up losing funds.

Yes you're right. eliminating scammers is highly unlikely, but preventing them is something that can be done. everything you say can be done in this forum, it's just that many of them are not thorough and easy to believe. this is very difficult to overcome, because almost 90% of scammer victims are those who are newbies and don't know much about crypto. if only newbies don't trust easily and want to find out in more detail, all this can be done easily.

Ziskinberg

hero member

Activity: 3010

Merit: 664

Vave.com - Crypto Casino

No, it's not possible to completely get rid of scams, that's part of the risk when you are investing as they could look legit during the crowd sale but we never know what they would do after they collect the amount they needed to start the project.

The thing is, crypto is a high risk market, so even if you are too careful, you cannot perfectly choose to invest on legit projects only, that's why you also need to learn how to manage the risk and that is by diversifying your investments.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: minurre on November 14, 2021, 02:48:54 AM

Do you think it is possible to completely get rid of scams?

Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?

What do you think, is it possible to somehow get rid of scams among crypto projects?

Only carefully investing in any project can help you get rid of scams because it will not be easy to put your money into any project before you know more about it. It could be possible to get rid of many scams using that project but I doubt that they can know which project will scam you as it is hard to detect the scam and the real projects. The scammers are too smart to get your money and they can run away with your money without you realize.

coco23

hero member

Activity: 1974

Merit: 856

Quote from: minurre on November 14, 2021, 02:48:54 AM

What do you think, is it possible to somehow get rid of scams among crypto projects?

Of course, platforms to verify projects can help, but the verification process itself will take time and won't be 100% correct either. So I don't think you can get rid of scam completely, but it could be worth the effort to reduce their numbers.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: prodigys on November 14, 2021, 02:50:50 AM

How come when I buy meta 1500000, after succeed pancakeswap only give me 1320000

Some of the shit coin they can alter the coin in transaction ?

I am sure the value of the meta token will be very less and when you buy it on the pancakeswap, it will detect some fee in the form of slippage charges and you will get less quantity of coins. So you cannot consider this as a scam.

Yes, projects are made to scam people and common example of those are rug pulling or removing the liquidity. Too many unlocked token with the development team and project owners is another way of scam as they can dump on us anytime.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: prodigys on November 14, 2021, 02:50:50 AM

How come when I buy meta 1500000, after succeed pancakeswap only give me 1320000

Some of the shit coin they can alter the coin in transaction ?

It's not as if they're shitcoins or projects. It happens that way because there's always slippage set on every project on pancakeswap, whether you're selling or buying. Some of these tokens have slippage as high as 12% when you're selling but they keep some of them as low as 0.05 when you're buying. It's crazy, I know but it's a way of getting commission out of trades. Sometimes I feel shortchanged when I do trades there. But it's a Dex and I'm sure every tokens I have there are entirely mine and can't be tampered with from the outside.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Its so easy to prevent, just always keep in mind to always make research if someone offer you something around the internet or you need something especially when it comes buying stuff and etc. Be aware! Specific information is a must wherein never trust anyone remember that. . Don't easily fall to anything such what you see around the internet because that's how its start or should i say most common mistake of newbies.. So be smart or stay away instead for your safety.

joniboini

legendary

Activity: 2170

Merit: 1789

No, it won't help. Just like Icobench and other 'rating' platform. There's no one-for-all solution for this, you just need to keep your due diligence in check. Even if the platform does work, it shows that you still rely on another party to decide which one is 'legit' and not, which is definitely not ideal. Say, it works for a year or so, but then they decide to go full cash grab by recommending dubious project. You'll end up losing money too.

m0nica.just

newbie

Activity: 18

Merit: 0

I think only in an ideal world, I also think that a decline in different areas is possible, since the most profitable fraud is in what is most popular, in the case of crypto, I believe that it has not even reached its peak yet

cryptoaddictchie

legendary

Activity: 2240

Merit: 1375

Fully Regulated Crypto Casino

Quote from: minurre on November 14, 2021, 02:48:54 AM

What do you think, is it possible to somehow get rid of scams among crypto projects?

Getting rid scam is highly impossible. But prevention can do the trick. Many newbies are getting scammed so how do you plan to help them out. Complete guidance, reminder and all warnings. We can do that here in forum, the problem is those people arent paying attention on the details and somehow they take that for granted and ending up losing funds.

prodigys

newbie

Activity: 53

Merit: 0

How come when I buy meta 1500000, after succeed pancakeswap only give me 1320000

Some of the shit coin they can alter the coin in transaction ?

minurre

jr. member

Activity: 43

Merit: 10

Do you think it is possible to completely get rid of scams?

Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?

What do you think, is it possible to somehow get rid of scams among crypto projects?

Topic: Is it possible to avoid all scams? - page 16. (Read 1991 times)