not a rule! but it's about your common sense to avoid scam projects - page 3.

redsun114

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Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

Yes that has always been the number one rule, never to spend on a project an amount that is more than you can afford to lose. There are good projects that are still not successful at the end, that is why you should be careful with how much you're investing so that you don't lose your money in the project you're investing in.

But before that, you have to apply some measures to make sure that you're not investing your money in the wrong project.. No matter how much a scam project tries to pretend to be legit, the team will always show that they are fake, they are either going to impersonate people who are big in the industry or create a fake profile. This is one thing I know for sure that will always expose them. I don't think any scammer is ready to show off who they are when it comes to this because they will be traced and caught.

GideonGono

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Quote from: kerjakuat on November 22, 2019, 12:27:23 PM

Quote from: kak uli on November 22, 2019, 11:31:09 AM

Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I agree that the rules cannot stop a scam project from being launched by scammers. because scammers will design and prepare everything to commit fraud against investors who want to invest in cryptocurency. but to know that it is a scam project or not, we study the characteristics of a scam project. so we are not fooled by them scammers.

When i see the red tagged person i will stay away from all the project that has being tagged by red flagg. What use to argue something that not very clear. For me i just sty away and support any projects that has potential in delivered their promises. Which is most likely hard to find nowaday..

Always inspect the trust of the manager and also the previous projects that he had managed. You will learn a lot on how do they deal with it and whether they are picky on the bounties for the projects raising an ICO. I don't say that it would guarantee to be legit or anything but the chances of it being a scam or an utter failure is lesser than those random ones that aren't that known and you are sure that these managers before dealing with those people behind some new projects would not let their lives easier if they decided to just run away.

kerjakuat

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Quote from: kak uli on November 22, 2019, 11:31:09 AM

Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I agree that the rules cannot stop a scam project from being launched by scammers. because scammers will design and prepare everything to commit fraud against investors who want to invest in cryptocurency. but to know that it is a scam project or not, we study the characteristics of a scam project. so we are not fooled by them scammers.

When i see the red tagged person i will stay away from all the project that has being tagged by red flagg. What use to argue something that not very clear. For me i just sty away and support any projects that has potential in delivered their promises. Which is most likely hard to find nowaday..

kak uli

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Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I agree that the rules cannot stop a scam project from being launched by scammers. because scammers will design and prepare everything to commit fraud against investors who want to invest in cryptocurency. but to know that it is a scam project or not, we study the characteristics of a scam project. so we are not fooled by them scammers.

JC btc

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Quote from: barnes13 on November 22, 2019, 09:12:19 AM

Quote from: zabir.brutov on November 22, 2019, 06:31:12 AM

No one wants to invest time to research projects, because it takes time and needs a lot of effort. People want to invest and get huge ROI within a shortest period of time, but the reality is different and a lot of people are not ready to face it.

Agree with you. That's really ironic, they should consider it more. Doing research is very important before starting to invest in a project, because actually the only one who guarantees your money is you. This is a fact, you will not be able to find a project that makes you instantly rich except scammers who want to run off your money.

I have realized this too, that no matter how much active a certain core team in the community, sending screenshots or live video stating that they are not scam and that they are working but turned out to be scam in the end, we should not really trust those kind of strategies, and let us always follow our instincts, let our mind decide and not by heart.

jessyj48

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Some scams are unavoidable, for example bitconnect starts very good and neat and the project make it top 20 on cmc in 2017, still in the end it turned scam, few scam project are very good that you won't know they are.

barnes13

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Quote from: zabir.brutov on November 22, 2019, 06:31:12 AM

No one wants to invest time to research projects, because it takes time and needs a lot of effort. People want to invest and get huge ROI within a shortest period of time, but the reality is different and a lot of people are not ready to face it.

Agree with you. That's really ironic, they should consider it more. Doing research is very important before starting to invest in a project, because actually the only one who guarantees your money is you. This is a fact, you will not be able to find a project that makes you instantly rich except scammers who want to run off your money.

Rodeo02

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Quote from: Bonenx14 on November 22, 2019, 06:56:48 AM

Quote from: zabir.brutov on November 22, 2019, 06:31:12 AM

No one wants to invest time to research projects, because it takes time and needs a lot of effort. People want to invest and get huge ROI within a shortest period of time, but the reality is different and a lot of people are not ready to face it.

knowledge is the basis for doing research most people are lazy to do research because of the absence of free time. but before joining or investing in a new project we should have a strong reason so that we are not affected because we already know the project

almost all of them lost its value the bettter way is to stay away with any of that investemtn and do not not buy any ico tokens anymore since there will be no real use cases . The 2 years trends explain it all why you dont need to invest in it, besides even you reasearcch about the project the result will be the same its all lost.

irixo10

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Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

Never spend more than you can afford to lose, this is the first rule of investment which most people tends to ignore because they want to hit it big. You also made good points , we really should be mindful of the projects we invest in because in most; the ideas is unrealistic or the team lacks the appropriate expertise to be launching such a project. Also, these scammers have taken new steps of replicating projects and adding few things so as to attract more investor. Like you said, we should use our common sense.

Bonenx14

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Quote from: zabir.brutov on November 22, 2019, 06:31:12 AM

No one wants to invest time to research projects, because it takes time and needs a lot of effort. People want to invest and get huge ROI within a shortest period of time, but the reality is different and a lot of people are not ready to face it.

knowledge is the basis for doing research most people are lazy to do research because of the absence of free time. but before joining or investing in a new project we should have a strong reason so that we are not affected because we already know the project

Kunotcoin

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Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

No matter how you are aware about it. if those scam artist will perfectly executed their plan. you can even notice it. until it was done or happens already. scumbags are often showing its face in public attending various events and blockchain forums. and even attending KYC on most of the ICO rating website. if that's the case how could we suspect it as a scam. when the project was complete in road map,Whitepaper and team. I must says its complicated and common sense is not enough!

zabir.brutov

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No one wants to invest time to research projects, because it takes time and needs a lot of effort. People want to invest and get huge ROI within a shortest period of time, but the reality is different and a lot of people are not ready to face it.

drachman

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Quote from: Nihyfehmih on November 18, 2019, 06:40:15 AM

Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

This is very true. I read posts more often than not, claiming that regulations will curb the menace of scammers. But scammers can also find their way around this regulations to be able to make heads way. Notwithstanding, just as you have rightly said, never invest more than you can afford to lose. Dont be greedy. That's the simple golden rule

The regulations are not there to slow down scammers, the regulations are there to try to figure out how much money each person has in the market of cryptocurrencies, but when it comes to scammers that is useless because they have no problem creating fake identities which they can use to avoid revealing their activities, but for the rest of the people which are honest about their holdings they have no option but to reveal their identity and scammers take advantage of this and may even sell that information.

tianglistrik

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Quote from: inanilujimi on November 18, 2019, 07:06:13 AM

sometimes there are still people who are tempted to join promises that don't make sense, such as guaranteeing that investment will multiply and many more sweet promises made to attract investors.
we should realize that crypto is not a way to get rich quick.

in fact it is like that, many people speculate that crypto is a fast way to get rich. maybe because some hype projects that spread advertising like that so new people consider it pure. use common sense to invest, in crypto or in investing in the real world

inanilujimi

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sometimes there are still people who are tempted to join promises that don't make sense, such as guaranteeing that investment will multiply and many more sweet promises made to attract investors.
we should realize that crypto is not a way to get rich quick.

Bim abk

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Quote from: Nihyfehmih on November 18, 2019, 06:40:15 AM

Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

maybe the added value if there are rules that are made, some new people will begin to arrive. but basically what makes a safe investment comes from yourself not from the rules made, prepare yourself before investing.

This is very true. I read posts more often than not, claiming that regulations will curb the menace of scammers. But scammers can also find their way around this regulations to be able to make heads way. Notwithstanding, just as you have rightly said, never invest more than you can afford to lose. Dont be greedy. That's the simple golden rule

Genemind

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The reason why we have to learn everything about crypto including its risks is for us to be aware and wise to get rid of scammers online. We all know that there are plenty of ways for scammers to fool and victimize us but the only weapon that we could have is knowledge and awareness. Where there is money, there are scammers so we must learn how to deal with crypto risks.

lienfaye

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Quote from: wozzek23 on November 18, 2019, 06:21:50 AM

Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I think that is still the best way not to lose too much in some of these projects because if we really base it on real use case or research, it is not easy to identify a scam or a good project and all many of us have been using is our instinct with the little research that we do to spot the ones that at least looks like they have real use case and a very great team.

We cannot rely on that research alone, which will make me agree with you that we have to be careful in putting money into these projects and the only money that we should put is money that we know we can afford to lose even though there is no money that we have suffered for should be lost, but there is always risk in life which will make us to always lose money, but we can still control the amount of money being lost.

Well every investment has risk no matter how promising it is there's no assurance it will succeed. So yes even we conduct a research its hard to determine if the project is real and not scam. What we can do is use a spare money that we can afford to lose so whatever the outcome is we are prepared and it wont hurt much since we dont expect a sure return.

We cant get rid of scam projects so we must be careful to not end investing in one of them.

Nihyfehmih

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Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

This is very true. I read posts more often than not, claiming that regulations will curb the menace of scammers. But scammers can also find their way around this regulations to be able to make heads way. Notwithstanding, just as you have rightly said, never invest more than you can afford to lose. Dont be greedy. That's the simple golden rule

wozzek23

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Quote from: Kemangi on September 04, 2019, 11:37:33 PM

Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.

I think that is still the best way not to lose too much in some of these projects because if we really base it on real use case or research, it is not easy to identify a scam or a good project and all many of us have been using is our instinct with the little research that we do to spot the ones that at least looks like they have real use case and a very great team.

We cannot rely on that research alone, which will make me agree with you that we have to be careful in putting money into these projects and the only money that we should put is money that we know we can afford to lose even though there is no money that we have suffered for should be lost, but there is always risk in life which will make us to always lose money, but we can still control the amount of money being lost.

Topic: not a rule! but it's about your common sense to avoid scam projects - page 3. (Read 3679 times)