It is possible to avoid scam projects but not entirely because some of the projects keeps changing their strategy to make their project looks real as possible if you'll be careful you can avoid them but it's really hard to filter out real projects to scam projects that's why I don't invest to new projects only if they only deliver what's on their whitepaper or if they are carefully following their roadmap. Results matter so I look to those things.
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Topic: Is it possible to avoid all scams? - page 2. (Read 1991 times)
In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.
And this is I believe one of the drawbacks that can be found in crypto space and as much as we wanted to get rid of those scammers I don't how would we going to do it but one thing would spare us to be a victim is to be observant and be cautious about the project. At the end of the day we ourselves are only the one who could help us to spare from those scammers. Always practice reading the white paper or have a proper research about the project before you invest.
A platform that can detect scam is not a 100%, we can not avoid all scam projects because some of them looks convincing and promising but a scam, it is difficult to detect them but still my advice is do your own research because at least you know what kind of the project that they running, you can still avoid the scam project just be careful what project do you invest.
In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.
In addition, the fraudsters also have many ways to trick their victims and this becomes very difficult to avoid,just be careful i don't think it will help enough,
What's clear is that before joining the project, do some research first and we can't ignore that because it's important too
In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.
It is possible to avoid all scams and it is also not possible. It is possible when you decide to avoid anything about investment in this place we are, by that way you will avoid being scammed.
Provided that you are investing you will one day fall a victim of scam in the place.
Because indeed this is an impossibility even if we are careful but still everyone who has been in this realm I think must have felt cheated and indeed it is something that cannot be controlled even if we do not want this to happen.Provided that you are investing you will one day fall a victim of scam in the place.
On the other hand, it can actually be used as a reference and a self reminder for us so we don't get caught up in the same mistakes again
It is possible to avoid all scams and it is also not possible. It is possible when you decide to avoid anything about investment in this place we are, by that way you will avoid being scammed.
Provided that you are investing you will one day fall a victim of scam in the place.
Provided that you are investing you will one day fall a victim of scam in the place.
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This is a good guide that must be taken note by everyone. Thank you for this @valak. It is really challenging to discern which is which nowadays, especially that scams are rampant. And one thing we could do is to be doubtful enough to drive us to really scrutinize every detail that we could check to bring assurance somehow. But as they say, you’ll never really know so one should not be too complacent even after doing research.
Guide
Find out all about the team of developers on the ICO project,
Do a check on the community and media,
Check the project stages and Venture Capital investment,
Read the [ANN] thread on the BitcoinTalk Forum
Read the white paper,
Check the quality of the code used
Learn from vc Investors,
Ico Legality
Simple Financial Advice for Investing in ico.
Thanks guys, very detailed guide to verify ICO but for new coins listed on exchanges that offer high APR stakes so it is important to first check the detailed guide above before the coin plunges to the lowest price. Find out all about the team of developers on the ICO project,
Do a check on the community and media,
Check the project stages and Venture Capital investment,
Read the [ANN] thread on the BitcoinTalk Forum
Read the white paper,
Check the quality of the code used
Learn from vc Investors,
Ico Legality
Simple Financial Advice for Investing in ico.
Scammers are everywhere with a lot of different tactics and strategy just to scam people. They always disguised and pretend to be a good and succesful project to attract inbestors. To avoid such kind of project, you should be very careful and do a depth examination regarding the project before jumping in. Having enough knowledge about investing is very significant factor to avoid being a victim of scammers.
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?
I have reviewed one of the audited projects, based on the subject of the audit report that was reviewed only related to vulnerabilities and attacks on smart contracts, but the feasibility aspect of the smart contract review was not sufficient to complement the audit report but indications of scams were found since large volumes of trading activity damaged liquidity until the price falls. The only way you can avoid scam is for you to always make research on every new projects you come across, don't be too desperate and this will help you not to fall into the hands of scammers . Always be conteous of every new project, make research on how real it is before you can trust. With this am sure it can prevent from been scam.
The answer for the question if we can possible avoid all scams probably its a YES. Yes in a way where we can make it to ourselves only it's good to know if you have friends, colleagues that you can ask for checking it but most of the time you are trading and investing on your own so it's a must that you know how to check the project, sites, background check if it is legit or not. Proper research is a key to spare yourself from those scams and always keep it in mind if the thing is good to be true there must be something that you have to check.
Yes it's possible to avoid scams, get to know the do's and don't and you'll know when it's a scam or not.
Do not invest your money in a third party, your money should be always in your wallet, news of how I made 4000$ with 100$ are nothing but completely scam.
It'll take a long time but at the moment I don't see scamming going to an end, everyone has to take caution of his /her self.
I may prefer to call it something that can make us reduce the risk of being scammed. to be honest, avoiding the scam is really hard. only by doing research and identification alone, we can reduce it. in fact, it does not necessarily make us choose the right project or investment place.Do not invest your money in a third party, your money should be always in your wallet, news of how I made 4000$ with 100$ are nothing but completely scam.
It'll take a long time but at the moment I don't see scamming going to an end, everyone has to take caution of his /her self.
some of the experiences that I have, even when I choose a good project, and have a pretty strong base. however, when the CEO does have the intention to do so, then it will be very difficult to avoid. However, it can be minimized by continuing to do updated research
I will personally answer, it is very difficult to avoid scam investments, especially in new projects that actually have potential. Because currently scammers also have a very clever strategy to trap investors. However, apart from that it doesn't scare me into investing even in a relatively new project because one of the keys to investing is to do it with money that is intended for investment. So, if the money is lost it will not have an impact on our finances.
Yes, you are right, but if you want to invest remember that it is always good to read the project under which you want to make the investment, in fact it is very easy to be able to name examples under which many investors have lost a lot of money, because some just dedicated themselves to playing NFT and they lost a very serious amount of money, because everything was like a Hype linked to the unethical behavior of many developers, really, in order not to lose or not let yourself be scammed, it is better to trust the products that come from companies, or from recognized exchanges such as Binance .
Yes it's possible to avoid scams, get to know the do's and don't and you'll know when it's a scam or not.
Do not invest your money in a third party, your money should be always in your wallet, news of how I made 4000$ with 100$ are nothing but completely scam.
It'll take a long time but at the moment I don't see scamming going to an end, everyone has to take caution of his /her self.
Do not invest your money in a third party, your money should be always in your wallet, news of how I made 4000$ with 100$ are nothing but completely scam.
It'll take a long time but at the moment I don't see scamming going to an end, everyone has to take caution of his /her self.
It is difficult to determine which project is a scam or not, because sometimes a scam project also has complete information. however, although we cannot avoid scammers, we can minimize them. well, scammers have been around for a long time, and they can adapt. So, it's very hard not to run into a scammer. all we can do to minimize this is to do continuous and in-depth research.
Do you think it is possible to completely get rid of scams?
What do you think, is it possible to somehow get rid of scams among crypto projects?
There are many kind of scam that can threat people, not only about coins but many kind of investment that attract people to gain profit in short time. It is possible to avoid it as long before we made research before jumped into it, simple thing maybe seek in this forum and see how people respond about the project but we must know who really criticize it or who only shill it. What do you think, is it possible to somehow get rid of scams among crypto projects?
Scams are everywhere and anywhere you least expected, and certainly there's no investments that will give you profits in a short amount of time. So, if you encounter that sort of investments that are just too good to be true then it's best to decline or avoid it early because that will really cost you your money and time.
What do you think, is it possible to somehow get rid of scams among crypto projects?
It is not going to be possible to eliminate scam crypto projects completely as far as what causes scam is still around, and that is man. This is not only the problem of cryptocurrency but every where even in religious gatherings, both mosques and churches. Man and his greed is everywhere causing havoc to life and making the innocent ones lose money. Scams in crypto projects are more pronounced because they involve alot of cash and most of the projects do not have a physical address they can be traced to.
I don't think it's just beginners who are exposed to scam projects, even people who have been around for years can be exposed to scam projects.
That is correct. It is not only beginners who get scammed but they are the most scammed. This is because they hardly know their left from the right.Yes it is greed that leads people to getting scammed. You don't expect some things to come to you as big as they appear if not greed. Some people don't make effort towards anything and they expect to profit in it. Or they put in little capital and expect big gains and that was the reason Ponzi scheme had there way a lot of time. Greed is part of man and that is why scam will continue on the greedy people
I don't think scam can be eliminated but we can avoid it by taking a closer look at the project,
Many times many people enter projects just because they see the news circulating without understanding the content and researching it first.
Many times many people enter projects just because they see the news circulating without understanding the content and researching it first.
Scam is something that one can't avoid completely. Scammers are constantly inventing more and more new complicated ways to deceive people and the only way to withstand this attacks is making a good analysis and double check everything before you send money anywhere.
Very good advice, but I wonder why you are currently following a discontinued project ? did you not see or read the news through their telegram channel in the past few days ? or do I need to show it here so you can be sure of what I'm saying ?.Jump to: