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Topic: Learn from my mistake, these people aren't playing - page 2. (Read 433 times)

copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Lesson learned I guess. An expensive one though which could have been avoided. I mean, how many times have you heard people screaming to do your own research before investing? If you googled a little, I bet you could have saved yourself from the scam. It is not the first time a scam like this has been pulled. Isn't it obvious that a random project that steals logo and name is going to scam you? There are many projects that scams people using current trends as a disguise. Look at what happened to squidgame token when the TV show was trending.
legendary
Activity: 2814
Merit: 1112
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Sometimes we will join the hype with what is developing in the world and think that trending technological developments will also enter the crypto world by making coins and so on thereby reducing our vigilance, I doubt that the tech developers in the real world are interested in the crypto world.
This valuable lesson should make us even more vigilant when a new project appears using a name similar to what is happening in this world because most of it can even be said that everyone just wants to take advantage because using trendy names will attract a lot of attention.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
This kind of mistake is very common and a lot of people fall into it, I myself have made this mistake before, scammers take advantage of famous brands or projects and all other famous names to trap people.

Often people easily fall into such a trap because they always follow famous names that have achieved significant success, scammers build a product with a name that is very similar to the original product with small changes that are difficult to notice at first sight.

So the only solution is to check well before investing in any project and make sure of the names and brands also from the website and the Twitter account and all these things.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!

But these are not advisable investments. The return may be high but the risk is higher.
the risk was too great, even when one had done in-depth research. Still, such a project is too big a risk. and regret if they enter with large numbers. why not use small money to try our luck? instead of gambling in the casino, with small money, we can play with shitcoin.
everything depends on the risk management that we can take. play for big money with big risks and big profit possibilities. playing for small money, with big risks, and possible small profits.
sr. member
Activity: 2380
Merit: 366
Nothing's surprising here. We can probably generalize and consider that 90% or above of the coins listed on coinmarketcap are nothing but shitcoins. And as shitcoins they could be scam, or just a way for developers to earn from innocent and greedy newbies, or very poor projects, mostly copies of other projects, that have actually no chance of becoming successful. Coinmarketcap is terrible in screening new coins. They simply allow obvious scams to get to their list if the price is right.
But make no mistake, even though most Shitcoins are scam coins, there are also those that you can really rely on to take profits.
Recently listed Shitcoins have very low prices and we can find out and choose Shitcoins that have good progress, That way there is still a large percentage of chances that one day they will experience Hype and the price will soar.
Although indeed if investing or trading in Shitcoin you have to be extra careful because it has a very big risk of losing the money invested.
The ups and downs of Shitcoin prices also tend to be faster and more unpredictable.

I'm not saying you cannot make money from shitcoins. You can earn big from them. Many are making big profits from shitcoins. It is risky of course but you can be lucky to buy at a very cheap price and sell after a quick pump.

You can even make money from scams. Ponzis could be profitable if you came early. It is also possible you have already made a lot of money before a scam decided to suddenly exit or pull the rug.

But these are not advisable investments. The return may be high but the risk is higher.
legendary
Activity: 2506
Merit: 1394
The real OpenAI link is https://openai.com/
The fake OpenAI ERC link is https://www.openaierc.com/

Be careful out there famz, these scammers are not playing
(....)
This is really clearly a scam, if you are dumb enough not to notice this, it's really your fault. But then again, we cannot judge some people who really fall into this scam, most of these people for sure are new in the space of cryptocurrency.
This kind of project is driven by hype or what's popular right now just like before, meme coins are trending than a lot of memecoin projects popped up and scammed people, and now it's about A.I.
hero member
Activity: 2716
Merit: 552
Appreciate you sharing it to the community man and I'm sorry for the loss you made to invest in a wrong coin. I understand that your excitement brings you to decide and act immediately while the project is hot and promising. TBH, some of us, including me might do the same if we've heard something of a good and promising project. Then later on, when we have settled and cashed in, we realized we have time to review and do more digging about the coin and only to end up with this unfortunate event.
This will serve us another precious lesson in terms of investments.
hero member
Activity: 1064
Merit: 501
Scammers dig into whatever is popular and develop their own initiatives that are similar to it to defraud individuals. Scammers consistently have the opinion that if they give their project a well-known name, many people will almost certainly fall for it. We must learn not to be taken away by a newly launched project in the cryptocurrency field, despite its marketing hype, just as scammers are not playing.

As of November of last year, ChatGPT only had their website http://chat.openai.com/ (not having an app yet). However, if you search PlayStore, you will find many apps that address ChatGPT. Numerous fraudulent apps have already been established by scammers, and many users have already downloaded and subscribed to
hero member
Activity: 2562
Merit: 577
Well it is not surprising to see that the fake project has nothing to do with the original OpenAI project.  This is what some of this scammers do, they will take advantage of the popularity of a particular name brand to scam people by creating similar name project.
It is important investors do as much digging as they can when investing to uncover any hidden information that will protect their investment.
Scammers can go any length to fool investors.
full member
Activity: 1582
Merit: 132
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Sometimes there are people who are either lucky or have the ability to research such projects and end up earning very high profits in a short time. And what's more, it's not the first time to get and understand the chance when it's the right time to buy and then sell it.

But in reality, there are many people or more newbies who want to participate or invest in the same project but fail. Many factors, especially the wrong moment to enter and exit, ignorance of the risks of playing with a new project, and just being deceived by the hype . My advice to mewbies or people who are not familiar with this, stay away from projects like this because it is very high risk and there is no guarantee that you will be successful. Especially if you haven't been able to do research and control your emotions.
full member
Activity: 2086
Merit: 193
Quote
I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.


I'm sorry about what happened and it's clearly a mistake that you have trusted and invested in them just because of their name. You should have done some research right before you invested. Scammers will always do everything to deceive you and to make their project look as if it's legit and trusted so you better be wise and observant all the time so you will not fall as their victim.
This is why I always check its community if they are real people, and if they are really offering a real service and you can just easily search it if they have the same name, and if they have probably its a fake one. I experienced this before when I just started my crypto journey and its really frustrating, if you don’t want to waste money here better to trust good projects only and avoid any suspicious claims.
legendary
Activity: 1596
Merit: 1027
I made 10x from VIOT, a artificial intelligence project that I invested in some weeks back and I am excited about what's coming but today I made a terrible mistake, if you are on point with latest crypto news you must have heard that Microsoft is going after ChatGPT and OpenAI with up to 10 billion dollars ..

There is a AI project on coinmarketcap named OpenAI ERC token, I thought this token has something to do with OpenAI but I went ahead and bought some, later I started becoming curious and decide to do more digging.

I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.



The real OpenAI link is https://openai.com/
The fake OpenAI ERC link is https://www.openaierc.com/

Be careful out there famz, these scammers are not playing





You guys need to be careful. Today there are a lot of scammers always lurking for newcommers and unconcerned investors. In fact, this sort of scam is nothing new as this started once the token craze begun. There will always be fraudsters lurking so whenever you want to put money on a project, be sure to do your homework properly or else...
legendary
Activity: 2688
Merit: 3983
I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.
When alternative currency projects were created, they were intended to support developers and early investors by providing them with free profits, but projects such as OpenAI are profitable and do not need such support, and therefore all the symbols associated with them are fraudulent and will be deleted from all central platforms (due to scam and plagiarism) and therefore it is better to Avoid investing in it.

I hope you learned from this lesson and I am sorry for your loss.
full member
Activity: 1708
Merit: 126
Quote
I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.


I'm sorry about what happened and it's clearly a mistake that you have trusted and invested in them just because of their name. You should have done some research right before you invested. Scammers will always do everything to deceive you and to make their project look as if it's legit and trusted so you better be wise and observant all the time so you will not fall as their victim.
sr. member
Activity: 2520
Merit: 280
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Prior to making investment its important to know what you're investing into so that costed you in here.

Never go with your money just for the sake of its name atleast try to find whether it has potential to grow to give something or if you skip all these basics and trying to go with your own predictions based on nothing its just a gamble.
sr. member
Activity: 2422
Merit: 357
We can still be a victim even if we already know what to do, and this is indeed a lesson to be learned.
This is one of the reason why fake projects copy the name of the original project and even use the almost the same logo, its to confuse investors and to scam them. This happened many times already, again if you don't want to become a victim of those fake projects try to analyze multiple times and ask the community as well about the project, usually they analyze more and you can get an idea from them.
sr. member
Activity: 1470
Merit: 428
The real OpenAI link is https://openai.com/
The fake OpenAI ERC link is https://www.openaierc.com/

Be careful out there famz, these scammers are not playing
These scammers are always thinking fast and ahead of people. They know how well people want to invest in new projects around new breakthrough innovations and they always somehow position themselves to fool people making them loose money even without some of them not knowing. We have to give it to these people because they are very hardworking, the bad thing is that they are using their hardwork to steal from people instead of thinking of how to get their own.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
You seem to be not a beginner already, but make their typical mistake.
Before any investment, you need to carefully check everything and try to get the most reliable information about the project. The more you learn, the less risk you expose yourself to.
You paid the price for evaluating the project only by its name, and indeed, let your mistake become a reminder to others.

There will always be many such scam projects with hype names. Beware.
sr. member
Activity: 1722
Merit: 269
There is a AI project on coinmarketcap named OpenAI ERC token, I thought this token has something to do with OpenAI but I went ahead and bought some, later I started becoming curious and decide to do more digging.
I found out that the real OpenAI has nothing to do with OpenAI ERC token, in fact it's a scam project trying to take advantage of AI success this year, the LOGO is the same, this was why I fell for the shit token.

Well first of all thank for the heads up OP. I also have to say though, that you should have done it the other way around obviously. You should have done your research before you bought those coins and not afterwards and you should do it this way all the time before you invest into anything. That being said it seems like you still made a pretty good purchase as the price is up 170% in the last 24 hours so you could have make a nice profit if you sell now.
I am surprised how many naive investors are out there in the crypto world. The volume of that scam token is also up more than 1200%, which means there are probably hundreds of people that bought this coins without even checking who is behind it.
sr. member
Activity: 2828
Merit: 344
win lambo...
Scammers are then serious about their work trying to take advantage of other projects. If we are too rushed to invest in a new project because we believe it was promising to look at but in the end, we just know that we get scam-investing shitcoins. This is to emphasize the importance of doing deep research before making a step otherwise, we are stake to lose our money.

Besides, scam projects are flooded everywhere and most are new projects, we never know what is legit.
Indeed right, scammers are not playing as they are working hard in order to live.
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