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Topic: Scammers running free - page 4. (Read 1866 times)

jr. member
Activity: 402
Merit: 4
May 13, 2019, 07:01:35 PM
Yeah, the whole cryptocurrency concept is an innovative one but at the same time, it is important the loopholes in the system is fixed as scam projects are being launched day in day out, the scammers take away individuals as well as investors of their hard money. For How long should this continue before scam in the cryptocurrency industry is addressed?
member
Activity: 448
Merit: 10
A Blockchain Mobile Operator With Token Rewards
May 13, 2019, 08:40:20 AM
Until whenever the scammers are always there, we live, can we not avoid scammers. The things we need to do to not be too trusting and remain careful, always be careful and alert to the projects we choose. This anonymous crypto world is indeed a scammer running freely and many of their goals are achieved, so we are required to be more careful.
newbie
Activity: 2
Merit: 0
May 13, 2019, 08:25:07 AM
IEO = more reliable than ICO?
I think it's a misleading thought, an IEO can just mean that some scammers have enough money (from previous scams for example) to do a sell on an exchange.
copper member
Activity: 210
Merit: 1
May 13, 2019, 08:01:10 AM
The main goal of crypto currencies is to stay anonym and this gives a huge advantage to the hackers from all around the world. We need to find some ways of bringing the security on the next level and be more selective with ICOs.
sr. member
Activity: 644
Merit: 250
May 13, 2019, 07:18:45 AM
In the world of cryptocurrency fraudsters will always be.  It is necessary to simply accept this and take for granted.  And the fact that they will be punished or not is another question.
sr. member
Activity: 1078
Merit: 256
May 13, 2019, 07:14:39 AM
Well, it is because there are many peoples still not aware of the risk of being scammed in crypto.
If we aware of that, we will be more strict when choosing a project to investing with our money.
we should be more willing and careful when choosing a project. because I think we all know there are too many scammers here, and we really have to improve our skills not to be fooled by scammers.
Improving your skills in selecting projects to support and invest will helps you to survive from this industry, scammers are always present where
money can be find, you have to work hard in order to avoid those scheme that scammers are offering, be very careful with your investment.
full member
Activity: 840
Merit: 100
Oikos.cash | Decentralized Finance on Tron
May 13, 2019, 06:46:22 AM
Well, it is because there are many peoples still not aware of the risk of being scammed in crypto.
If we aware of that, we will be more strict when choosing a project to investing with our money.
we should be more willing and careful when choosing a project. because I think we all know there are too many scammers here, and we really have to improve our skills not to be fooled by scammers.
The legit team now are already eyeing for an IEO, they will not gonna have their crowdfunding in ICO as they know it will not sell anymore.
IEO is the trend now where people also give their trust, and we will know that the team really want to make their project succeed as they also need to finance the necessary expenses for listing.

This will result to the decrease of scammers in the market, hence the risk will be minimize.
the risk will not be minimal. it will also be very high because there are still many options how the project founders can scam their investors even when they raising funds through the IEO
hero member
Activity: 2506
Merit: 582
"CoinPoker.com"
May 13, 2019, 06:10:52 AM
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto

Yes, this is why we need regulatory measures in the crypto world because the industry is full of scammers and they just run away with ICO funds. I think once these regulations are put in place, ICO investors will be in safe hands.
ICO could be in safe hands only if we get the system regulated. But again, those who are making some big money might not love the idea of getting the system under the influence of a regulating authority. I think that IEO has covered the flaws in the ICO and now investors face the least risk when they participate in an IEO. In addition, it is not just the regulations but also about the security system of the exchanges that keep the trust restored in crypto.
legendary
Activity: 3122
Merit: 1147
May 13, 2019, 12:09:21 AM
Well, it is because there are many peoples still not aware of the risk of being scammed in crypto.
If we aware of that, we will be more strict when choosing a project to investing with our money.
we should be more willing and careful when choosing a project. because I think we all know there are too many scammers here, and we really have to improve our skills not to be fooled by scammers.
The legit team now are already eyeing for an IEO, they will not gonna have their crowdfunding in ICO as they know it will not sell anymore.
IEO is the trend now where people also give their trust, and we will know that the team really want to make their project succeed as they also need to finance the necessary expenses for listing.

This will result to the decrease of scammers in the market, hence the risk will be minimize.
full member
Activity: 1120
Merit: 101
May 12, 2019, 11:40:06 PM
Well, it is because there are many peoples still not aware of the risk of being scammed in crypto.
If we aware of that, we will be more strict when choosing a project to investing with our money.
we should be more willing and careful when choosing a project. because I think we all know there are too many scammers here, and we really have to improve our skills not to be fooled by scammers.
full member
Activity: 812
Merit: 100
May 12, 2019, 11:32:58 PM
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto

Well, it is because there are many peoples still not aware of the risk of being scammed in crypto.
If we aware of that, we will be more strict when choosing a project to investing with our money.
hero member
Activity: 2996
Merit: 609
May 12, 2019, 05:26:37 PM
There will be always risk since the whole cryptocurrencies are financial things. Your friends can just buy bitcoin, instead of joining ICO
but there is a possibility that people who are now joining the ICO will earn much more money than if they simply buy Bitcoin. that's why diversification exists
So, if you want to earn much more money you will have to take risk  Wink
Things do really need some risk to earn something and that's just usual with investment with ICO's.
You do need to take a risk to make some profits but it wont really be that easy yet ico's become shitty nowadays
and IEO is the new hype now but still have that kind of risk but much lesser due to security of IEO.
Scammers are everywhere,as long theres money involved these fellas wont disappear or we would never get rid of them.
full member
Activity: 1092
Merit: 117
May 12, 2019, 05:19:34 PM
ICO projects have had a bad reputation on this issue and this problem has become big in this industry, if we no longer believe in investing in ICO then finalizing the choice to only invest in bitcoin and other coins with high trust is the solution. Even though we need more time but at least our money will not be taken away by scammers.
Even if ICOs would still be trustworthy enough I don't think there is much profit to be made there since the chances of some ICO becoming successful have dramatically lowered because there are some many coins available on the market right now. We already have dozens of successful projects on the market and hundreds of altcoins available so I don't really think we need more than that.
member
Activity: 1204
Merit: 38
May 12, 2019, 05:07:02 PM
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
but everyone has to face there result for their doing at the end so it will not been possible in all the time to make a scam and fraud the people to get their funds definitely changes will make everything to be better field.
full member
Activity: 756
Merit: 101
Oikos.cash | Decentralized Finance on Tron
May 12, 2019, 03:51:20 PM
Cryptocurrency fraud has developed into one of the biggest dangers in terms of crypto trading in recent years.  but they are hard to catch. ICO promoters perpetuate the biggest fraud ever, maybe 85% of people out there don't have bad intentions, but the problem is if 5-10% try to cheat, then this is a disaster.
I do not think that 85 percent of ICOs are initially thought of as a scam. I think that this happens in the process of project development. it all starts when people get a lot of money and then they are starting to want to steal it
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
May 12, 2019, 03:47:27 PM
ICO projects have had a bad reputation on this issue and this problem has become big in this industry, if we no longer believe in investing in ICO then finalizing the choice to only invest in bitcoin and other coins with high trust is the solution. Even though we need more time but at least our money will not be taken away by scammers.
full member
Activity: 686
Merit: 100
May 12, 2019, 03:36:38 PM
There will be always risk since the whole cryptocurrencies are financial things. Your friends can just buy bitcoin, instead of joining ICO
but there is a possibility that people who are now joining the ICO will earn much more money than if they simply buy Bitcoin. that's why diversification exists
So, if you want to earn much more money you will have to take risk  Wink
member
Activity: 336
Merit: 10
May 12, 2019, 01:28:36 PM
Indeed, many people decide not to risk putting their money in the hands of scammers, so they stop participating in investing in new projects.
I also do not take the risk of participating in the ICO, I tried to take part in the IEO and also suffered losses. Therefore, I decided not to invest in young projects at all.
hero member
Activity: 1540
Merit: 772
May 12, 2019, 02:43:15 AM
Cryptocurrency fraud has developed into one of the biggest dangers in terms of crypto trading in recent years.  but they are hard to catch. ICO promoters perpetuate the biggest fraud ever, maybe 85% of people out there don't have bad intentions, but the problem is if 5-10% try to cheat, then this is a disaster.
Jpt
jr. member
Activity: 374
Merit: 1
May 12, 2019, 01:40:24 AM
It feels very much sad when we see scammers walking free without any worry of being arrested or a shame. We can see that in many incidents, scammers are freely operating their business of fraud to cheat and loot potential investors and bounty hunters. For example, many victims are complaining that BiteBTC is a scam and has scammed many traders and investors out of millions of rupees. But it is openly operating and looting traders. Most interestingly it has not been arrested despite several complains. 
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