Topic: SCAMS IN CRYPTO & HOW TO RECOGNIZE THEM (Read 1652 times)
This is a nice thread. I would also add prices that are too good to be true and sites that only take crypto as payment. I'm not a fan of banks and love crypto, but sites that don't take credit cards make it pretty easy to run away with your money. I'm willing to use crypto on sites that also take credit cards. It means they were vetted by someone at least.
using credit cards on shady websites are more scary because they could rob your whole bank aside from your cryptos and also , not all websites are legit even if they accepts credit cards or other payment methods .
Thanks for the tips, well i knew that we need to car3fully the words in a url site. Check it manually if something change in the word like your example binance. There are two dots which the real website doesnt have something like that. I keep it on my mind every i enter in a known crypto website specially on exchanges
thats right . we should always check the correct url and bookmark it so that we are sure that it is the real one , whenever we try to visit and use it . we should also check the domain name ( i.e .com , .io , . eu , .net , etc ) because some sites have a correct url speling but with different a domain .
so if in your opinion we should be very observant and very careful to enter the same site, your opinion is very true if there are now many fraudsters who duplicate well-known sites like the binance.
This is a nice thread. I would also add prices that are too good to be true and sites that only take crypto as payment. I'm not a fan of banks and love crypto, but sites that don't take credit cards make it pretty easy to run away with your money. I'm willing to use crypto on sites that also take credit cards. It means they were vetted by someone at least.
using credit cards on shady websites are more scary because they could rob your whole bank aside from your cryptos and also , not all websites are legit even if they accepts credit cards or other payment methods .
Thanks for the tips, well i knew that we need to car3fully the words in a url site. Check it manually if something change in the word like your example binance. There are two dots which the real website doesnt have something like that. I keep it on my mind every i enter in a known crypto website specially on exchanges
thats right . we should always check the correct url and bookmark it so that we are sure that it is the real one , whenever we try to visit and use it . we should also check the domain name ( i.e .com , .io , . eu , .net , etc ) because some sites have a correct url speling but with different a domain .
very rarely if there is a post like this and is very useful for beginners like me, and I can learn to be careful for every transaction, thank you, bro
Let me know if you have some other ideas guys so i'll add them 
This is a nice thread. I would also add prices that are too good to be true and sites that only take crypto as payment. I'm not a fan of banks and love crypto, but sites that don't take credit cards make it pretty easy to run away with your money. I'm willing to use crypto on sites that also take credit cards. It means they were vetted by someone at least.
Thank you for taking your time to do a very good listing of how to recognize scam in crypto and if this steps are followed carefully, it should help newbies or even some investors who still have problem with scam recognize a good project or coin to invest in or a good campaign to promote and be sure to get reward at the end.
Yes. Thank you buddy
Thanks for the tips, well i knew that we need to car3fully the words in a url site. Check it manually if something change in the word like your example binance. There are two dots which the real website doesnt have something like that. I keep it on my mind every i enter in a known crypto website specially on exchanges
Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.
We do really made our own move and we also the only one would suffer such consequences therefore we should step carefully into things we do seem profitable for us. Mistakes cant be avoided but be careful as you can.
scams are not only because of investing , we can also get scammed because of joining ico boubty campaigns or sig campaigns . It is hard to avoid scam on an ico bounty but is is easy to avoid scam in an signature campaign that pays in bitcoin because you will know if they are already escrowed the funds or not. While on a bounty ico campaign , they are not using an escrow because the ico need to be finished first after you get your rewards.
That‘s absolutely right! Bounty Campaigns can also be scams.
But you say it, the only way to know it, is when the ICO is finished.
I agree with your suggestions and they should be very useful especially to newbies who want to invest in a project of campaign. If they take their time to do this research and are very patient and make good decision, it will help. You should also check out for the manager, developer and management team.
people are already aware on this kind but one thing they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic. They want quickly income.. More high of roi the higher possibility to scam
Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.
We do really made our own move and we also the only one would suffer such consequences therefore we should step carefully into things we do seem profitable for us. Mistakes cant be avoided but be careful as you can.
scams are not only because of investing , we can also get scammed because of joining ico boubty campaigns or sig campaigns . It is hard to avoid scam on an ico bounty but is is easy to avoid scam in an signature campaign that pays in bitcoin because you will know if they are already escrowed the funds or not. While on a bounty ico campaign , they are not using an escrow because the ico need to be finished first after you get your rewards.
Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.
We do really made our own move and we also the only one would suffer such consequences therefore we should step carefully into things we do seem profitable for us. Mistakes cant be avoided but be careful as you can.
If I have smerit on my side I would not hesitate to give one. Nice thread and informative. Keep on sharing that is helpful for each member and you will be given back much prayer for your success.
Bump to that.
I definitely wanted to see a post alike this one on the pinned message on any section of this forum. As I have not read one of its kind.
“RISK comes from not knowing what you’re doing.” •Warren Buffett
New Ideas and suggestions are welcome guys to keep this thread alive
Bump to that.
I definitely wanted to see a post alike this one on the pinned message on any section of this forum. As I have not read one of its kind.
“RISK comes from not knowing what you’re doing.” •Warren Buffett
Thank you very much buddy
If I have smerit on my side I would not hesitate to give one. Nice thread and informative. Keep on sharing that is helpful for each member and you will be given back much prayer for your success.
Bump to that.
I definitely wanted to see a post alike this one on the pinned message on any section of this forum. As I have not read one of its kind.
“RISK comes from not knowing what you’re doing.” •Warren Buffett
New Ideas and suggestions are welcome guys to keep this thread alive
Bump to that.
I definitely wanted to see a post alike this one on the pinned message on any section of this forum. As I have not read one of its kind.
“RISK comes from not knowing what you’re doing.” •Warren Buffett
New Ideas and suggestions are welcome guys to keep this thread alive
Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.
Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
why continue even if you know that it is already a scam? that was a totally dumb and idiotic move to do. but at the end those people that got scammed are only crying without doing nothing for their money because they cant do also anything due to the fact that scammers are verry hard to find and caught online . it was their own mistake anyway , so their are the ones that we should keep blaming on and not the scammer or any other ponzi schemes.
Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me. Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.
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