Topic: The lack of TRUST in the crypto space right now is horrifying (Read 353 times)
The scammers are scattered everywhere here in the online world not just in crypto industry that is why it is better to embrace yourself on being aware on how to identify potential scam schemes so that you will not be easily targeted by those scammers out there. Be knowledgeable enough to out smart those scammers so you will not fall into their traps specially their main concern is to get money from you. There is no easy on getting or earning money here in crypto industry so beware from those promises coming from those people offering you instant doubling of your money for such don't exist in reality. It will be just easy to resolve such problem if all will be knowledgeable enough to determine the scam from a real deal.
I conclude from some of the points that you wrote in this thread that every activity in Crypto space is risky and profitable.
from some of your statements about projects and investments that are not clear, it seems that most of the people who are influenced and deceived by them are people who have no knowledge about INVESTMENT !!. what should be done is a more detailed analysis in order to avoid unclear investments or scame projects as you mean. for the future you have to be more careful and do more analysis.
from some of your statements about projects and investments that are not clear, it seems that most of the people who are influenced and deceived by them are people who have no knowledge about INVESTMENT !!. what should be done is a more detailed analysis in order to avoid unclear investments or scame projects as you mean. for the future you have to be more careful and do more analysis.
Scammers are everywhere and seriously, many started to use cryptocurrency and recently we are growing because people starts to trust the legit project and they even invest on it.
If you’re dealing with the fake project, then you might be afraid to invest again but if you invest on good project since the beginning, I’m sure you already have a 100% trust on this market. Better to keep learning things, and don’t even trust anyone asking for a money.
If you’re dealing with the fake project, then you might be afraid to invest again but if you invest on good project since the beginning, I’m sure you already have a 100% trust on this market. Better to keep learning things, and don’t even trust anyone asking for a money.
What you are talking about has existed throughout the entire existence of the crypto market. Obviously, the higher the prices for cryptocurrencies, the more scammers are trying to grab their piece. However, no one forces you to give money to scammers, moreover, only you can do it of your own free will. If you got caught on a fake ICO, then you looked badly and did not study enough. Now sales are held almost every day, IDO, and they are all decentralized, which means they are safe.
It's not about the lack of trust, it's about doing your duty, which is to question, suspect and not trust any person that can betray that trust:)
Crypto is about trusting security (through cryptography) and trusting code to execute the rules and conditions, not people and companies who have a reason to betray that trust!
Crypto is about trusting security (through cryptography) and trusting code to execute the rules and conditions, not people and companies who have a reason to betray that trust!
So, Coreto punishes influencers and not the scammers?thats a big waste of time because there are many ways for scammers to lure in victims.
what do you expect when things getting so popular like what has happened to crypto recently there definitely gonna be scammers , heck even before bitcoin become this high people already trying to find exploit for scams.
But the point that you stated regarding the scams project using influencer to trick people it's definitely a problem but isn't it a common sense for people who wants to trade or invest to not trust these influencers, even the idea of letting our financial decision affected because of some people who happens to be popular doesn't seem really bright either.
But the point that you stated regarding the scams project using influencer to trick people it's definitely a problem but isn't it a common sense for people who wants to trade or invest to not trust these influencers, even the idea of letting our financial decision affected because of some people who happens to be popular doesn't seem really bright either.
People do not trust cryptocurrency because there are a lot of scams in cryptocurrency.
https://dailycoin.com/crypto-scam-epidemic/ Here is written what scams are there and how many money people have lost because of the scams.
But there are also not a few people who benefit through cryptocurrency, if you only look at the negative things (SCAM) that is in cryptocurrency, then you won't get anything in cryptocurrency and you won't be in this forum either, because this is an official forum that talks about everything cryptocurrency. https://dailycoin.com/crypto-scam-epidemic/ Here is written what scams are there and how many money people have lost because of the scams.
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Been here since 2017, and surely many hodlers from 2009 would say the same anyway. If BTC was indeed in a horrifying moment right now, we shouldn't be here lol.For sure 60k is waiting for us right now.
actually you have to put trust aside when you jump in crypto world. All you need to do is to keep yourself good, cause it's an anonymous world my dear friend. Even people with a name, probably it's just their fake identity. For us, let's do any KYC as minimum as we can, if it's possible don't do any KYC even. For any threat or people contact us through email, just ignore it or simply report/block it. At the end of the day, always DYOR and invest only cold money, money that you afford to lose.
I got dozens of emails, 'blackmailing' me by asking BTC to a specific address, or else I'll find myself naked on the web
The crypto business is surely a space that you can be scammed if you are not careful. Just don't put your money if you are not sure. On the naked picture lol, do you put your naked pictures on the web? If not then everybody who has seen your nakedness will surely know the original you and the photo shopped you
In speaking of lacking of trust here on crypto then i cant really blame of those people who doesnt have trust nor confidence on making out investment and also with those blackmailing attempts
then there are lots of them and if you are a person who do easily got scared when someone scare you off or asking out something then you shouldnt really be having that
kind of behavior.
the word you use are horifying and exciting is subjective .
if that will be use in btc only 1 word is going to qualify and that is exciting because of the price of btc that gives us a suspense if it will continue to 60k or it will continue going down to 30k .
there is no horifying moment in btc because btc isnt a scam coin and when it comes to trust we that are in this game for a long time puts our trust to btc in hundred two percent but for newbies the percent that they can give can scale down under a hundred
if that will be use in btc only 1 word is going to qualify and that is exciting because of the price of btc that gives us a suspense if it will continue to 60k or it will continue going down to 30k .
there is no horifying moment in btc because btc isnt a scam coin and when it comes to trust we that are in this game for a long time puts our trust to btc in hundred two percent but for newbies the percent that they can give can scale down under a hundred
I got dozens of emails, 'blackmailing' me by asking BTC to a specific address, or else I'll find myself naked on the web
The crypto business is surely a space that you can be scammed if you are not careful. Just don't put your money if you are not sure. On the naked picture lol, do you put your naked pictures on the web? If not then everybody who has seen your nakedness will surely know the original you and the photo shopped you
I think, in today's internet era, it is very difficult to trust someone. Especially in the cryptocurrency market where everyone can create their own token and platform and organize a token sale program. The point is we have to do research and verification first before investing. And keep in mind that investing in crypto is very risky, at any time you can lose your money.
First, i wanted to merit your post because you really talked sense but i changed my mind when i saw its all because you want to promote a company, if i merit you, it will look as if we are both promoting the company which i personally is just getting to know from you now.
Talking about scams, it has been one of the major problems of this industry, many projects i can't really remember their names in the past have come claiming to solve the scam thing in cryptocurrencies but they later in the future turn scam themselves, the space is so messed up right now that it has become very difficult to trust any new projects most especially those with anonymous team.
but hopefully, all this will be in the past soon, and thanks for the project anyway, will take a look and see if it's worth throwing some money into.
Talking about scams, it has been one of the major problems of this industry, many projects i can't really remember their names in the past have come claiming to solve the scam thing in cryptocurrencies but they later in the future turn scam themselves, the space is so messed up right now that it has become very difficult to trust any new projects most especially those with anonymous team.
but hopefully, all this will be in the past soon, and thanks for the project anyway, will take a look and see if it's worth throwing some money into.
Fivestar4everMVP thanks for your reply. This is one of the projects that I believe in, along with bigger players like ADA and EGLD.
You mentioned something interesting - anonymous teams. Well, Coreto has a very "public" and open team, especially on Telegram.
The trust issue in crypto is something that bothers me a lot at the moment. See projects like Meerkat, with a 31M$ loss in a few minutes. I myself am pretty skeptical about things in general. This is why we have to be as educated as possible to catch the red flags before doing anything.
If you lost everything in one day then the fault is on you, that's because you invested your hard earned money on shitcoins without proper research, also as a newbie in this space you don't have to jump into new altcoins without good research skills, if you are in haste invest in BTC or top 10 altcoins
That's correct - put at least 20-30 hours of research, go deep in every rabbit hole on Google, YouTube, and other platforms before investing your hard-worked money.
If you want to invest in crypto projects push trust aside because you won't be needing it, why? Crypto is a high-risk investment plan whether you like it or not, for something that is high volatility well yes you can easily lose it all in a day, it's why we are warned to only invest what we can afford to lose
Hi Daodex, in my opinion, we have to place our trust in some things at some moments. Look at the whole financial system - it lives on the idea of trust. Surgeries in a hospital? 99% of you don't know the doctor, but trust his skills. So, I would say this also applies to the crypto world.
We trust the hardware wallets and their technology to keep our funds safe. We trust exchanges like Binance to send into our accounts the bitcoins that we buy.
Trust. I think a big percentage of this world works on trust. Especially everything regarding money.
After all... we trust a piece of information on a blockchain to bring us future gains.
Lack of trust is why people know and understand where to put their money, as you can see this present bullrun shows that no room for shit altcoins to pump and that's because no one is buying them, lack of trust isn't bad it brings more cautious before investing
I do not think it is as high as ever, in 2017 there were a lot more scams because people got funding in ETH in exchange for their coins via ICO's and some of them literally didn't even published it, and that is really special level of evil, you know why?
In order to get that funding, they had something basic, and people checked it, so it was there, people knew what will be released and sure there was roadmap as well and maybe they could have bailed out on the roadmap and people took that chance but they knew that at least they knew the basics of what they have right now and those scammers took the money and didn't even release the code they already had finished, that is really bad. This year we have seen some scams but nothing huge, I haven't heard of any 1+ billion dollar news just yet and until that happens I do not think that we will be in a big trouble.
In order to get that funding, they had something basic, and people checked it, so it was there, people knew what will be released and sure there was roadmap as well and maybe they could have bailed out on the roadmap and people took that chance but they knew that at least they knew the basics of what they have right now and those scammers took the money and didn't even release the code they already had finished, that is really bad. This year we have seen some scams but nothing huge, I haven't heard of any 1+ billion dollar news just yet and until that happens I do not think that we will be in a big trouble.
If you want to invest in crypto projects push trust aside because you won't be needing it, why? Crypto is a high risk investment plan wether you like it or not, for something that is highly volatility well yes you can easily lose it all in a day, it's why we are warned to only invest what we can afford to lose
There can be no trust in cryptocurrency when it comes to financial relationships. After all, we communicate without even knowing in which country our interlocutor or partner is located, and from his data we can only know a pseudonym in the world of the Internet and cryptocurrency. We must also take into account that there are many different hackers and scammers who are just waiting for our mistakes to get hold of our money.Since in the world of cryptocurrency we do not know with whom we communicate, there can be no trust here. Everything should be strictly based on established rules of conduct.
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