Avoiding fraudulent projects is difficult, because the various efforts they put into make us believe in the project. And now back to ourselves, in choosing a project in which aspects are most important for us to pay attention to. For me the first is the team behind the project and the second is how the project works. In the bounty program, I prioritize managers who manage projects, of course I choose people who are experienced and have managed projects that are already successful now.
Recently, even the manager can be deceived, so this is not a guarantee.It seems to me that I myself need to conduct a very detailed analysis or ask here on the forum if there are doubts, people with experience will tell me. 
Topic: Is it possible to avoid all scams? - page 5. (Read 1977 times)
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?
This will never happen in my opinion, fraud in crypto will continue to exist with other methods and ways, what we need to pay attention to is, how to find out the level of fraud is working and we must be able to avoid it, at least we should not get involved in such projects , to avoid all that, it is necessary to have the knowledge and resources that we have, so that at a certain moment we are able to avoid it, even though scam projects will continue to exist forever. 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?
Avoiding fraudulent projects is difficult, because the various efforts they put into make us believe in the project. And now back to ourselves, in choosing a project in which aspects are most important for us to pay attention to. For me the first is the team behind the project and the second is how the project works. In the bounty program, I prioritize managers who manage projects, of course I choose people who are experienced and have managed projects that are already successful now.
No matter how much research has been given to any project, or any currency, there will always be a way that there is a scam, in the ecosystem of tokens when they are launched through a decentralized Exchange the option of scam is very likely, it is something normal that anyone is taking a risk, the only way to minimize that risk is by betting on projects, tokens or coins that are listed on exchanges such as Binance, since Binance does respond to any eventuality and there is a fixed point to claim.
yes, I agree with the statement that no matter how much research we do, there will always be a way for the team to scam the project.however, it all comes back to the team. when they've been given their trust, and they let other people down, I'm sure they know the consequences of that. at the very least, when doing research, we may need to know some people from the core team. it's just that, after that there is no guarantee that the money we have will be returned.
there is no way to avoid scammers when they really intend to. when you are careless, your money will run out. Research may not make a scammer disappear, but it can reduce the risk.
From all this, what seems incredible to me is that even when in a game the identity of the devs and the entire team appears in the whitepapers of the projects, I do not know for what reason it is not possible that the authorities can act against That is, you have the data of all those people, if it is a robbery or scam you have the relevant evidence so that a lawsuit or complaint before any world entity can make them pay, I know that the SEC has lost triumphalism since it could not with XRP, Well, his reputation is in tatters, but I do not know how far the FBI or any entity can act against this type of this.
Numerous novices are getting misled so how would you intend to take care of them. Complete direction, update and all admonitions. Regardless of whether the stage work, it shows that you actually depend on one more party to conclude which one is 'genuine' and not, which is certainly not great. Too many opened token with the advancement group and task proprietors is one more method of trick as they can dump on us whenever.
Avoiding fraudsters is indeed very necessary in any way that we must learn, although theory is very helpful, but in my opinion theory alone will not be enough to give us confidence, because my view is to guard against fraud only by being careful in storing assets..
In terms of storing assets, it is also necessary to look at platforms with extra security, because this year there were several exchanges that were hacked by hackers whose consequences were very fatal, for example Bitmax and others. 
No matter how much research has been given to any project, or any currency, there will always be a way that there is a scam, in the ecosystem of tokens when they are launched through a decentralized Exchange the option of scam is very likely, it is something normal that anyone is taking a risk, the only way to minimize that risk is by betting on projects, tokens or coins that are listed on exchanges such as Binance, since Binance does respond to any eventuality and there is a fixed point to claim.
yes, I agree with the statement that no matter how much research we do, there will always be a way for the team to scam the project.however, it all comes back to the team. when they've been given their trust, and they let other people down, I'm sure they know the consequences of that. at the very least, when doing research, we may need to know some people from the core team. it's just that, after that there is no guarantee that the money we have will be returned.
there is no way to avoid scammers when they really intend to. when you are careless, your money will run out. Research may not make a scammer disappear, but it can reduce the risk.
I've had quite a few near misses throughout almost a year I'm into DeFi and staking. My first investment was in algorithmic stablecoins, it lasted approximately a month before it crashed, resulting in million of losses. I subconsciously withdrew all my funds a day before it crashed.
Call it luck? I don't know, when it comes to staking, I tend to choose lower yield pairs, to be on the safer side. However, I could also have lost all my money when the Iron.Finance exploit occured, a few months ago.
Call it luck? I don't know, when it comes to staking, I tend to choose lower yield pairs, to be on the safer side. However, I could also have lost all my money when the Iron.Finance exploit occured, a few months ago.
What do you think, is it possible to somehow get rid of scams among crypto projects?
Everyone will be interested in 100x-1000x and they are ready to make puppets for a weaving with profound ideas. I mean greed, honey kills flies. Some investors run for the price without knowing what the project means. Some people have no interest in doing their own research and DYOR, once their ears have heard of something else. It is an ironic fact. But it is more convincing to choose a project whose market capitalization is clear, such as the investment you make in the top 50 coins, this is clearer and we can make a thorough study, compared to the ChekDot project which currently does not have any prospects , many projects sometimes only rely on hype, not infrequently they even do evil ways to deceive many people, to avoid all that it is better for us to avoid.
The point is that all of that needs to be analyzed first before knowing whether the project is good or bad because good projects are known through research and analysis as well as bad projects so judging it early is a mistake before doing research first.how someone can invest in a project but he doesn't even know about the project.
it is one of the most fatal carelessness in my opinion.
Research is the first step that should definitely be done because it is related to the finances we have.
Unfortunately, this is some kind of hard truth, especially in the crypto world. Some things that can be done to avoid scams are through choosing projects and coins that at least have some type of basis of even just minimal assurance, such being highly recognized by the majority. However, at the end of the day I think that it cannot be guaranteed that all scams can be avoided. As mentioned, a good project can turn out to be a scam in the middle or at the end of their reign. Also, sometimes our intuition is what will save us, so listen to that voice inside of us, listen to your guts.
ya.ya.yo!
ya.ya.yo!
fraud will always exist and we ourselves must be able to anticipate it. usually the virus will enter by spreading email one way and we are asked to follow the directions, if we follow them then they can enter the files that we have and finally our data is hacked, and loses the assets that we have. therefore the importance of concentration when opening suspicious links
of course not, we dont know when the scam project come to us, at the beginning, all project give the good trust for the investor, and the holder. but on the progress of the project, maybe the team and the project owner scam us and bring all of the investor money.
we dont have any indicator, who will scam, what project that will scam in the future.
but i have an advice for holder and investor, maybr you should double check the project, if the profit or the return is bigger than normal, i thkn you should do some research before you join the that project, because there are many project that give the investor big return, end with scam.
we dont have any indicator, who will scam, what project that will scam in the future.
but i have an advice for holder and investor, maybr you should double check the project, if the profit or the return is bigger than normal, i thkn you should do some research before you join the that project, because there are many project that give the investor big return, end with scam.
No matter how much research has been given to any project, or any currency, there will always be a way that there is a scam, in the ecosystem of tokens when they are launched through a decentralized Exchange the option of scam is very likely, it is something normal that anyone is taking a risk, the only way to minimize that risk is by betting on projects, tokens or coins that are listed on exchanges such as Binance, since Binance does respond to any eventuality and there is a fixed point to claim.
Avoiding fraudsters is indeed very necessary in any way that we must learn, although theory is very helpful, but in my opinion theory alone will not be enough to give us confidence, because my view is to guard against fraud only by being careful in storing assets..
Being scammed isn't very pleasing because it will leave you staring in walls overtime. Even professionals are getting scammed especially novice. I've been there but even though it's not a large sum, still I worked hard for it not to go in waste.
I don't think it's mainly about being professional because scams can happen for totally unexpected reasons. Some users got scammed because the exchange where they hold their savings was hacked and can't refund hacked amount to users, so in this case we can't blame them if they are professional or not.because it's all out of their control and indeed this is what worries us all,
scams and hacks can happen to anyone so be careful and stay alert
The key point here that everybody should also realize that avoiding scam should be a common sense because the one you may trust with your money can be scammed if he is not enough aware and your money could lost as well.
Highlight edit from my previous reply: You are your own bank and should be aware to take full responsibility over your savings. It's quite different from saving money in banks, and you should change your behaviors beside it.
Do you think it is possible to completely get rid of scams?
This is not possible. Even rating agencies can cheat. I can't trust anyone with this. The best is to provide personal development. Like examining road maps, doing research about the team, comparing with similar projects. It is not easy to gain experience without having bad experience. Need to be able to read very well. It is necessary to know the market and to know its purpose.
Being scammed isn't very pleasing because it will leave you staring in walls overtime. Even professionals are getting scammed especially novice. I've been there but even though it's not a large sum, still I worked hard for it not to go in waste.
I don't think it's mainly about being professional because scams can happen for totally unexpected reasons. Some users got scammed because the exchange where they hold their savings was hacked and can't refund hacked amount to users, so in this case we can't blame them if they are professional or not.because it's all out of their control and indeed this is what worries us all,
scams and hacks can happen to anyone so be careful and stay alert
Learning to look for the security of personal assets is indeed very difficult, by directly storing our keys by writing in a notebook, or by using an email that we always activate.
.but it all depends on our bad luck if we have stored it neatly but still lose the assets in it.. with an incident like that it is necessary to be given very secret security from anything..
.but it all depends on our bad luck if we have stored it neatly but still lose the assets in it.. with an incident like that it is necessary to be given very secret security from anything..
Being scammed isn't very pleasing because it will leave you staring in walls overtime. Even professionals are getting scammed especially novice. I've been there but even though it's not a large sum, still I worked hard for it not to go in waste.
I don't think it's mainly about being professional because scams can happen for totally unexpected reasons. Some users got scammed because the exchange where they hold their savings was hacked and can't refund hacked amount to users, so in this case we can't blame them if they are professional or not.I want also to highlight again the point that in crypto space, you are your own bank and should be aware to take full responsibility over your savings. It's quite different from saving money in banks, and you should change your behaviors beside it.
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