Topic: not a rule! but it's about your common sense to avoid scam projects - page 5. (Read 3707 times)
November 15, 2019, 12:39:43 AM
invest as much as you can afford to lose I think this is a principle we must follow when entering the crypto market. the highly volatile crypto market can make us rich but can also make us bankrupt overnight. so invest as much as we can afford to lose. and the existence of a regulation on ICO / IEO projects cannot guarantee that ICO is not a scam. con artists always have ways to be able to fool us. they will try to imitate the old poryek. copying the whitepaper erases and adds a few words. they can fool investors. so now we have to be more careful in choosing ICO / IEO projects.
November 15, 2019, 12:23:01 AM
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.
Its better to lose half of your money than losing everything you have, good advice but this has nothing to do with knowing how to pick the right projects, if you keep investing what you can afford to lose in shit coins you will end up in same spot 
November 14, 2019, 11:25:04 PM
everything goes back to the reason why we chose the project,
and reasons based on our desires, and of course desires must be limited, because if too obedient wishes will only invite greed,
because scammers always get victims from greedy people who want instant wealth without risk. This is the core point that we should know, because even though the rules have been made but greedy people still exist, the scammer will still be there.
and reasons based on our desires, and of course desires must be limited, because if too obedient wishes will only invite greed,
because scammers always get victims from greedy people who want instant wealth without risk. This is the core point that we should know, because even though the rules have been made but greedy people still exist, the scammer will still be there.
November 14, 2019, 11:23:19 PM
At least the regulations can reduce scam. Even though scams can happen to projects that were initially good, they suddenly abandon the project slowly. At least we know who their team is and we can talk to the police.
For me, no matter how much money I spend on investing in ICO, IPO or IEO, it doesn't matter if I get the money from Airdrop. Because this will not give hurt if the project is a scam.
regulations can also set investors' mindset to know which are valid and not, rules are made as guidelines, if not like that then many people will be affected because their reference is "hoping for potential". Scammers are always good at refracting their profiles, rules must bind them with the key to transparency, but we are in a world of decentralization and there is no implicit solution. For me, no matter how much money I spend on investing in ICO, IPO or IEO, it doesn't matter if I get the money from Airdrop. Because this will not give hurt if the project is a scam.
November 14, 2019, 10:44:14 PM
Many people were deceived because the lure offered was fantastic. Try we think the logic where a project gives too much on offer isn't that weird? Why not make the project like limited by giving it a little.
And of course, a lot of people are stuck on the offer for them to be rich instantly when it's not. So we have to be vigilant with such an offer and still use our common sense logic to avoid the rise of scammers.
And of course, a lot of people are stuck on the offer for them to be rich instantly when it's not. So we have to be vigilant with such an offer and still use our common sense logic to avoid the rise of scammers.
November 14, 2019, 09:03:40 PM
At least the regulations can reduce scam. Even though scams can happen to projects that were initially good, they suddenly abandon the project slowly. At least we know who their team is and we can talk to the police.
For me, no matter how much money I spend on investing in ICO, IPO or IEO, it doesn't matter if I get the money from Airdrop. Because this will not give hurt if the project is a scam.
For me, no matter how much money I spend on investing in ICO, IPO or IEO, it doesn't matter if I get the money from Airdrop. Because this will not give hurt if the project is a scam.
November 14, 2019, 06:32:36 PM
With cryptocurrency becoming so popular and being adopted widely, scammers are more active in the market looking forwards to cheating and scamming investors and bounty hunters. So we have to use our common sense and research before going for any bounty projects. We must report and discourage scam projects.
I want to add suggestion aside to the common sense need also a deep learning to determine the leaglity of the project is most important things to minimize the risk and waste of time and effort as a hunters.
November 14, 2019, 06:03:31 PM
There is no such thing like a rule governing any project to be compulsory or forcibly require each and everyone to participate in it. It is about time each individual, the investor and bounty hunter out there to do investigate and make their own research and come out with a decision from their common sense.
October 19, 2019, 09:55:31 AM
People have been relying on regulatory authorities when it comes to safeguarding their money and savings. But in cryptos, you're responsible for the safety of your own funds. This lead to carelessness when it comes to cryptos and people lost many in crypto hacks and frauds. Regarding scam ICO projects, one can save himself by going through the site diligently.
I agree that it's more of a common sense when it comes to avoid scam projects
I agree that it's more of a common sense when it comes to avoid scam projects
October 19, 2019, 09:40:04 AM
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 wonder what will happen to you if you invest money you can afford to lose on ten different ICO at ten different times and they all turn scam? is that common sense? i expected you to include the importance of research? Those penny money that you can afford to lose will turn to huge money before you know it October 19, 2019, 08:58:29 AM
Yes, I agree, do not be too eager to follow a project that is not clear because it can harm our assets as investors, especially just bragging like going to list in the market binance, upbit etc without a clear roadmap and whitepaper. we as investors must be observant in choosing projects because if we are not observant, then we have lost the funds that you have invested in fake or scam projects.
October 19, 2019, 08:42:55 AM
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.
You're right! It is important to remember that any investment is a risk, and investment in cryptocurrency, in this case ICO, is an even greater risk. The fact that scammers learn to be better makes it clear that even market regulation will not help get rid of fraudulent projects forever. Of course, you need to try to identify fraudsters, and also do not forget about the risks of investment.
October 19, 2019, 08:05:16 AM
Your view is right and applicable to some extent. But the situation is not sometime the same. When you take all measures to find out a good project including a research, even then the project you trust most will turn out to be a scam one. So in my view, regulations will help discourage scam projects through rules.
you are right - regulation will help us reduce the number os scams, but we also need to understand that regulators will always follow their own motives. they are interested that the cryptocurrency does not prevent them from doing everything that they are now doing through the American dollar October 19, 2019, 07:46:33 AM
Your view is right and applicable to some extent. But the situation is not sometime the same. When you take all measures to find out a good project including a research, even then the project you trust most will turn out to be a scam one. So in my view, regulations will help discourage scam projects through rules.
October 19, 2019, 07:41:44 AM
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 one can be right for all the time. However promising a single project may seem, it is wise not to invest all your money on a single project. Diversification is a key to success.
You need to look at what the project aims to achieve and do you really think they'll be have a profit from that. Mining asteroids seems promising but is not still viable for any startup.
October 19, 2019, 07:38:02 AM
Its really hard to have 100% common sense to avoid every scam in your life.
But the best advice - use your brain and try to find red flags
But the best advice - use your brain and try to find red flags
October 19, 2019, 07:36:50 AM
That was I'm telling investors from the start, the golden rule was "Invest only what you can afford to lose" until they saw a good to be true project then they will lose this rule on their head and went to engage in something they thought will change their life forever and it does. it changes their view to cryptocurrencies and blames the other for their failures. If they just stick with the rules they won't become like that rather they will continue to advise the other to stay away from good to be true projects for most of these kinds of projects are scams.
October 19, 2019, 07:35:13 AM
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, I agree that we should not invest the money that we can't afford to lose so we will not cry in the end if the investment will go wrong as there is always a risk in every investment.
Common sense is not enough to avoid scam projects as the scammers are evolving everyday and we cannot tell by our common sense only whether that project is genuine or scam. There are plenty of factors that we need to consider if we will lessen the chance to be scam like use our common sense, knowledge about the project,team,their partners and etc.
October 19, 2019, 07:29:17 AM
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 one of the best straight forward post I've seen recently, there is no 100% rules we can use to detect scam projects or projects that won't be successful. You just need to invest what you can afford to lose, that's it. Using common sense in most cases is the best approach, do not invest because an influencer is promoting the project for instance, maybe people got burnt in Sparkster for observe after the hype. There has to be a combination of good research, common sense, risk management, or even a little of luck. But more than the rest, it has to be research that occupies the foremost spot if an investor wants to give worth to his money. It is always advised that an investor should only invest what he can afford to lose but that does not mean that since he can afford to lose a certain amount, he will just invest it in whatever random project. He has to also learn to take careful steps so that not a single USD or centavo will go to a scam. That is how an investor should think.
October 19, 2019, 07:18:20 AM
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 one of the best straight forward post I've seen recently, there is no 100% rules we can use to detect scam projects or projects that won't be successful. You just need to invest what you can afford to lose, that's it. Using common sense in most cases is the best approach, do not invest because an influencer is promoting the project for instance, maybe people got burnt in Sparkster for observe after the hype. Jump to: