This is why you should never invest more than you can afford to lose in unknown, unproven alts/tokens.
You can make a lot of money getting in early on these type of projects but you’re just as, if not more likely to lose everything. I prefer to stick with more established coins but make sure to do as much research as you can before you go down this route.
Topic: They want your money by all means possible - page 3. (Read 1372 times)
As a Newbie give yourself time to progress. I would not want to direct you on how to swing your investment but if you don't like losing money stick to Bitcoin. This won't fail you, I know in your mind you might have weighed your pocket and Capital and thought you can't achieve anything judging by how little your capital is.
But did you know with if you start now to accumulate Bitcoin as little as your can you would be doing yourself good favour for the future. Not only would it help you not to regret in fake projects or coins that failed but also you would be better off than when you started accumulating it. It's probably the surest fact in crypto-currency right now.
But did you know with if you start now to accumulate Bitcoin as little as your can you would be doing yourself good favour for the future. Not only would it help you not to regret in fake projects or coins that failed but also you would be better off than when you started accumulating it. It's probably the surest fact in crypto-currency right now.
Absolutely I agree. Spend time in the market at a certain time. If you are going to trade, only do it in Bitcoin. You can't achieve huge gains all at once, but you won't have any losses either. People trying to scam people will never end. Many people who do not know the market plan to make a profit without making any effort. This is unlikely.
Avoid scams and chill dave who just want to sick off your money, I used to be active with altcoin some years ago and to this very moment, the altcoin market has been highly centralized and does not have any privacy protection for your activities and your investment is also in high risk due to too much hype and chilling promoters who want to make money to the team by all means from that is where his pay cheque comes from.
As a Newbie give yourself time to progress. I would not want to direct you on how to swing your investment but if you don't like losing money stick to Bitcoin. This won't fail you, I know in your mind you might have weighed your pocket and Capital and thought you can't achieve anything judging by how little your capital is.
But did you know with if you start now to accumulate Bitcoin as little as your can you would be doing yourself good favour for the future. Not only would it help you not to regret in fake projects or coins that failed but also you would be better off than when you started accumulating it. It's probably the surest fact in crypto-currency right now.
But did you know with if you start now to accumulate Bitcoin as little as your can you would be doing yourself good favour for the future. Not only would it help you not to regret in fake projects or coins that failed but also you would be better off than when you started accumulating it. It's probably the surest fact in crypto-currency right now.
Absolutely I agree. Spend time in the market at a certain time. If you are going to trade, only do it in Bitcoin. You can't achieve huge gains all at once, but you won't have any losses either. People trying to scam people will never end. Many people who do not know the market plan to make a profit without making any effort. This is unlikely.
It was a sad reality but some people scam you face to face without worrying about what will happen to them because what is in their mind is to make money by fooling investors. Their hungry for money makes them find a way to trick people by all means and succeed. I have no clue what else we can do because even though we spread awareness but still, a lot of people become a victim.
I guess, we have to accept that these scammers are a part of crypto journey and no way to rid them.
We will need to be extra careful when we invest in new projects, even in old projects we need to keep ourselves updated on what happening in that project and see for ourselves if there a suspicious movements in their chart as well if they didn’t do any ways to keep their project known. There are already many coins in the market and some already built their name since they are able to survive for along time despite markets pump and dump. We should not be tempted to buy new coins without researching them. It will be our fault if we got scammed without doing our part in studying where we invest our money.I guess, we have to accept that these scammers are a part of crypto journey and no way to rid them.
If you notice that, then it can be a good sign to move away from the other active projects before it's too late. Project that can survive a couple of dumps or bears doesn't mean they are still a great project to invest in. There are lots of them but they aren't really that profitable. This is why many of us are looking forward to a new coin because their hypes are still fresh. We only need to be careful though.
This is the main problem right now and a lot of people are being scammed without even their noticing it. They just take the bait for promising words or thinking that the project will be gonna huge in the future and even though the developers are hiding their information or just creating fake profiles on LinkedIn.
Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.
I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,
It was a sad reality but some people scam you face to face without worrying about what will happen to them because what is in their mind is to make money by fooling investors. Their hungry for money makes them find a way to trick people by all means and succeed. I have no clue what else we can do because even though we spread awareness but still, a lot of people become a victim. Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.
I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,
I guess, we have to accept that these scammers are a part of crypto journey and no way to rid them.
scam is everywhere not only in crypto and there is no way to get rid of it completely it comes from human greed so once we don't get rid of greed it will always be by our side. scammers are becoming public in the market and scammers don't need to hide their faces anymore, simply because they know that there are no regulations or laws to be enforced in this market, Luna is an example.
the only solution we have, i think is regulation, once regulated, these situations will lessen because scammers will face the law if reported but regulation will make us lose our privacy when participating in investment.
This is the main problem right now and a lot of people are being scammed without even their noticing it. They just take the bait for promising words or thinking that the project will be gonna huge in the future and even though the developers are hiding their information or just creating fake profiles on LinkedIn.
Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.
I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,
It was a sad reality but some people scam you face to face without worrying about what will happen to them because what is in their mind is to make money by fooling investors. Their hungry for money makes them find a way to trick people by all means and succeed. I have no clue what else we can do because even though we spread awareness but still, a lot of people become a victim. Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.
I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,
I guess, we have to accept that these scammers are a part of crypto journey and no way to rid them.
We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
This is the main problem right now and a lot of people are being scammed without even their noticing it. They just take the bait for promising words or thinking that the project will be gonna huge in the future and even though the developers are hiding their information or just creating fake profiles on LinkedIn.
Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.
I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,
We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
I'm in full agreement with you on this. It feels like people barely worry about their image and the future implications of their actions. So, we need to be more careful about our investments and know that Scammer are changing their tactics and employing every means possible to rip people off.
We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
That scam part in crypto won't end up that's why the community should do the adjustment.
There's always an attempt of stealing money from these scam projects because, in the first place, that's their purpose of setting up a project.
The most important advice for newbies might be, don't get driven by the hype. Because of that hype, newbies are disregarding the associated risks of investing their money and trusting only those shill words.
One thing about Scammers is they are not afraid of anyone anymore since they knew you can't flee from your country to their country and they mostly scam those that are not from same country with them so you must be very careful with some kind of devs out there that wants to partner with you or even wanting you to invest in their projects as a new beginner who is venturing into crypto, all possible best researched is mostly needed.
Scammers are taking advantage of this, because even if they scammed people for millions of dollars, that amount comes from thousands of clients in many different countries, so the chances there are enough people in a single country which lose enough money to force an investigation are very low, and then when we consider they had the idea of scamming their customers from the beginning then they become very difficult to find due to all the precautions they took, so they know they can get away with it as only when the scam is huge the police will involve itself in this.The problem is when there isn't punishment, because it encourages another criminals to act, since they remain free from any responsabilities after pulling the rug, like we are seeing these days.
The problem is when there isn't punishment, because it encourages another criminals to act, since they remain free from any responsabilities after pulling the rug, like we are seeing these days.
Because the scammer team is difficult to track and find the actual location, besides that it will be difficult to report to the authorities that we have been cheated on scam coin investments, so we must be careful and not careless in investing because 70% of the coin list is a potential scam and worst scam. So avoid investing in new coins and don't ignore the top coins BTC, ETH and BNB even though it is currently experiencing a bear market and will achieve a high price recovery in the next few months.Two main examples of well known crypto scammers who should already be arrested and had their patrimony seized: Do Kwon from Luna and Mashinsky from Celsius.
The longer the justice takes to act, more prejudiced investors become.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
I've read some information about the biggest scams of 2022 https://sea.mashable.com/tech/20575/5-of-the-biggest-crypto-scams-of-2022-so-far
There are many ways for scammers to do that, rugpull and many other things on the grounds that the platform they are developing has been hacked, this can make many losses for investors who invest a lot of money into the project.
The problem is when there isn't punishment, because it encourages another criminals to act, since they remain free from any responsabilities after pulling the rug, like we are seeing these days.
Because the scammer team is difficult to track and find the actual location, besides that it will be difficult to report to the authorities that we have been cheated on scam coin investments, so we must be careful and not careless in investing because 70% of the coin list is a potential scam and worst scam. So avoid investing in new coins and don't ignore the top coins BTC, ETH and BNB even though it is currently experiencing a bear market and will achieve a high price recovery in the next few months. 
We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
This is more true when it comes to crypto projects. The crypto project owners are earning and collecting a lot of money in the name of crowd funding whether it be ICO or IEO or whatever form.
Even the most trusted projects can scam and the general public will never know about it and they will still think that the project managers are innocent and have no inner hand to engage in a scam. A recent example is the LUNA crisis which was a scam but very few people will realize it.
One thing about Scammers is they are not afraid of anyone anymore since they knew you can't flee from your country to their country and they mostly scam those that are not from same country with them so you must be very careful with some kind of devs out there that wants to partner with you or even wanting you to invest in their projects as a new beginner who is venturing into crypto, all possible best researched is mostly needed.
Scammers are taking advantage of this, because even if they scammed people for millions of dollars, that amount comes from thousands of clients in many different countries, so the chances there are enough people in a single country which lose enough money to force an investigation are very low, and then when we consider they had the idea of scamming their customers from the beginning then they become very difficult to find due to all the precautions they took, so they know they can get away with it as only when the scam is huge the police will involve itself in this.The problem is when there isn't punishment, because it encourages another criminals to act, since they remain free from any responsabilities after pulling the rug, like we are seeing these days.
That's very common and yet it won't be called scams to them since they hide behind their rules and regulations saying that you broken one of their rules so they have the authority to claim your funds that you deposited in their platform. This schemes are known from casino owners or gambling site owners. That's why there aren't lots of gambling sites that are reputable and trusted known in this forum compared to all gambling sites that promoted their project here.
They put that acceptable excuses and innocent people lose their money too easily. Even in exchanges, many unclaimed or withdrawn funds are due to some mistakes that freeze their account and take over it. This is the reason why we should spend some time reading their rules just also to be aware and not remain ignorant of their platform. Because in case that we never understand their rules, then we also have a reason to raise complain or even leave, this is the only way we got safe from them and scam sites. 
They put that acceptable excuses and innocent people lose their money too easily. Even in exchanges, many unclaimed or withdrawn funds are due to some mistakes that freeze their account and take over it. This is the reason why we should spend some time reading their rules just also to be aware and not remain ignorant of their platform. Because in case that we never understand their rules, then we also have a reason to raise complain or even leave, this is the only way we got safe from them and scam sites.
Newbies are always targeted everywhere, they take advantage of their ignorance with various things that they are likely to like. Especially if not money and instant success. They take advantage of all this by enticing them to follow the various steps that have been prepared by the scammers as if the newbies are helped by the presence of the scammers until they finally realize that their money has been lost. This happens often.And it's absolutely true what you say, everything must require knowledge. Knowledge is obtained from the learning process. Therefore, newbies really need to take the time to read and learn. Everything needs a process and not an instant process.
As was the case with these exchanges, it is true that there have been incidents where they have lost their money in certain exchanges because they did not read the T&Cs first, and did not want to understand them. And even when the exchange provides a way to solve problems, sometimes they don't want to do it because it is considered too complicated.
even audited projects can still be scams. Sometimes some people who already have experience can still meet scammers and then lose their money they always have a way to take our money. I usually rarely spend money on crypto unless it's a top rated project.
That's very common and yet it won't be called scams to them since they hide behind their rules and regulations saying that you broken one of their rules so they have the authority to claim your funds that you deposited in their platform. This schemes are known from casino owners or gambling site owners. That's why there aren't lots of gambling sites that are reputable and trusted known in this forum compared to all gambling sites that promoted their project here.One thing about Scammers is they are not afraid of anyone anymore since they knew you can't flee from your country to their country and they mostly scam those that are not from same country with them so you must be very careful with some kind of devs out there that wants to partner with you or even wanting you to invest in their projects as a new beginner who is venturing into crypto, all possible best researched is mostly needed.
Scammers are taking advantage of this, because even if they scammed people for millions of dollars, that amount comes from thousands of clients in many different countries, so the chances there are enough people in a single country which lose enough money to force an investigation are very low, and then when we consider they had the idea of scamming their customers from the beginning then they become very difficult to find due to all the precautions they took, so they know they can get away with it as only when the scam is huge the police will involve itself in this. Jump to: