The problem is crypto doesn't have enough regilation framework that will give sanction to the scammers. This is also making report being created to the police is very hard to be processed. Crypto needs regulation but yeah it's not all of things needs to be regulated but this is a very important thing for crypto right now. Scammers reveal their faces to the public just to scam them. That's pretty sad to said that but this is the truth
The regulations are already at work on most of the project, they are already required to disclose their information before putting a good project and you can count on those projects but of course it won’t guarantee any success. If you want to avoid scam projects, don’t deal with the new projects just trade with top coins already listed on most of the exchanges and you can be good, I’ve down with the new projects, i can’t still find a new project that is worth investing for. 
Topic: They want your money by all means possible - page 6. (Read 1259 times)
4. High volume on the listed exchange doesn't make a project clean from going scam.
It depends on which exchanges. If this large volume is on large exchanges, such as Binance, OKX, FTX, then the probability of a scam is minimal. Because listing on such platforms costs a lot of money. Most scammers can not afford such expenses, so they list on some exchanges with small trading volume. But fake volumes are very easy to calculate, just look at the demand for the blockchain space of a given coin.
As a newbie, that's why it is advised to invest in what you can afford to lose in case you fall victim to a scam project. Many times, projects that have a strong team, good utility, nice whitepaper and a lovely plan don't guarantee a project scam free. Nowadays, it is hard to differentiate between a good and bad project that wants to scam investors. No project is to be trusted again whether an old project or a new project. An old project can go soar in the future.
In principle, now, as before, the principle is used that there will be those who will invest their money, believing in the promoted advertising. Believing that by investing 100 dollars they can get a thousand dollars, people do not even analyze the project. And there can be many such people. What actually achieve those who originally planned to deceive.
Scammers are trying their best to steal our money in any way possible. They are always adopting new strategies. As a result some of us are getting caught in their net. You have made some very good points here. We have to be careful about them. I think excessive greed is our main enemy. If we keep ourselves safe from greed then such incidents will be reduced in our life.
Scammer one close step smart then then investor how they can steal our money, always have new strategies how to manipulated when building new project cryptocurrency. Seems at the early project launching not any bad thing because running well with their project depend with road map schedule. Here have another intervention from exchange market to make detail research before listing the scammer coin on their exchange market. Although have term or service warning about high risk when investing in cryptocurrency but this way could make close chance for scammer catch much money from investors. Keep do your own research before investing actually with new project actually have bigger expected planning on their road map schedule list.
2. A audited smart contract project can still scam you.
This will be a big blow if we can not trust auditors anymore. I rely on them to assure myself that a token is good when I see the firm that audited them. The only thing that can make an audited token still scam will be if the process of audit is compromised through corruption. I want to see this type of compromise stopped so that the trust to invest in cryptocurrency will increase. Without trust no business can survive. There are alot of scams in cryptocurrency already and if auditing can not be honest it means we are gone in this.
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.
I agree with the points that you have made but i don't know if there was a recent event where a publicly known team has scammed it's investors and ran away with the money. In the end the truth is that you can never be 100% sure if the project that you want to invest in is legit or not. The only thing that you can do is to research the project and the people behind it as thoroughly as possible and even then you can become the victim of a scam with all your funds lost. All you can do is minimize the risk of getting victim of a scam but a rest risk will always remain.
Those scammers that really gave away their real name and showed their face will have a very hard time to hide from the authorities though i would guess.
that's why it's important to do research on new crypto projects, they are really openly deceptive and it might be difficult to take them to legal action when they take your investment money away, so during this bear market no one will be able to judge from the important point that already written by the OP in this thread, so my advice during this bear market is to invest in old or well-known crypto projects that are still developing their projects until now, that way can keep you from being scammed and losing money
A transparent team is the most decisive move by scammers nowadays and they keep you believe about their false roadmaps by feeding you with lies and propaganda you really have a hard time knowing them because they show their faces when they're talking to their investors but in reality, they already have an escape plan where they exactly know what to do in case they get busted or their coins will crash because of lack of development and exposures.
In short, here nothing is absolutely safe for us, everything is always risky. Protect yourself by always learning, update daily news, do your own research when investing, don't listen to anyone's advice, stay away from projects that promise high returns and especially never put all your eggs in one basket, investing with money can lose.
As the market grows, it's getting harder and harder to make money and the scams are getting more and more sophisticated, so always be suspicious in all cases, never put your trust in anyone.
As the market grows, it's getting harder and harder to make money and the scams are getting more and more sophisticated, so always be suspicious in all cases, never put your trust in anyone.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
Scammers are going extral miles just to defraud people, scammers don't care about the amount they will pay just to get the necessary facilities to scam people, because they know the amount they will make, the way cryptocurrency is spreading the Same way scammers are increasing and they are ready to do everything possible just to scam people, that's why we have to be very careful, don't trust anybody you meet online, infact don't trust anything you see on the internet, somethings might look very real but at the end they are fake. 
I agree with the thread title that scammers use different ways to scam there victims. I think you know about twitch announcing the ban of gambling stream because of scammers using the platform to scam money. It's not just in gambling but also in investing coins or tokens. Just as what the post previous about what you have to do like investing in new coins/hype coins and old coins is very true. Not all hype are legit because some are hiding behind the hype to scam people with their so called project.
I have learnt my lessons the hard way and I don't wish to repeat such horrible mistakes. I no longer want to be super rich in crypto, but I just wan to be comfortable.
Lol, 
this really did make me laugh, mind you that i am in no way laughing at your loss, i definitely wouldn't do that because many of us actually had to learn the hard way too, it's good you no longer want to get-super rich-through-crypto, there are quite a lot of people that not only want to be super rich through crypto investment, but they want that riches to come super quick, these are the investors that are called get-rich-quick investors, more often than not they never get their wish. Having said that, i really wish many people would learn their lessons and come to the realization that there is no shortcut to success in crypto but patience, Bitcoin is a long term project, one that is sustainable and has an actual utility, people would be saving themselves the hassle if they can only buy it and hodl patiently.
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.
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 is why bitcoin is the only coin we can trust and for the fact any project which creates tokens on their own and distribute to the investors can make you to lose all your money if they want that is why we should know the supply and demand so even the creator cannot mess up if the project is really decentralized and works based on the Proof of Work so the only way to create the coin is by mining them not with the simple click.
If a project is on the hype then you can consider it for short term investment and just cash it all out when you made decent profits, don't trap into the FOMO nd FUDs.
Another thing is top 10 crypto listed on CMC is also scam too, take a look to LUNA. It was on the top 10 since there's huge hype, now the price suddenly crash and the coin worth -99% from the previous price.
Picking an altcoin to invest among 20K coins listed on CMC is just gambling, there's no way to differentiate the legit and scam project. What do you need to do is verify the developer is a scammer or not, but as we know there's no way to verify human. They could be trusted, they could be a scammer, they could be trusted from the beginning and become a scammer.
Picking an altcoin to invest among 20K coins listed on CMC is just gambling, there's no way to differentiate the legit and scam project. What do you need to do is verify the developer is a scammer or not, but as we know there's no way to verify human. They could be trusted, they could be a scammer, they could be trusted from the beginning and become a scammer.
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.
Don't forget about their advertisers, they hire known people to give their scam projects exposure. They'll pay a lot to those advertisers and later on, the SEC will chase them for advertising a scam project. 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.
Don't be too trustworthy with celebrities or anyone famous that advertises an unknown project, always be too curious and careful when you're hyped with marketing of projects.
The sphere of cкнзeщcurrencies is still not controlled by any government bodies (we will not go into details whether this is necessary or not) and therefore provides great opportunities for fraudulent schemes. They feel their impunity and therefore are not afraid of anything. Therefore, investing in new projects is associated with high risks and has more in common with playing in a casino than with traditional investing. The same goes for crypto exchanges. Why use those services that have no reputation? It is direct expensive to the fact that your deposit will simply not be returned. The solution to the scam problem is to only invest in safe crypto currencies like bitcoin and use the top crypto exchanges like binance.
If I may add, if you're a newbie in the space, it probably isn't your business to venture into the risky altcoin market and other crypto investment opportunities. I think the first thing a newbie does is to learn about Bitcoin. It eventually leads to you finally buying your first amount.
Leave the rest of the altcoin market to those who have already been sufficiently exposed to it. But with what's happening in there, I guess it's a lot better to just stick with Bitcoin.
Leave the rest of the altcoin market to those who have already been sufficiently exposed to it. But with what's happening in there, I guess it's a lot better to just stick with Bitcoin.
So many scams everywhere and we just needed to be very careful of nit falling to scam easily because many of the crypto projects we have in the market are scam why some do not have a long time existence which could bring loses if we are not that prepared to take the worse part of investing.
Now that the market is down, we need to pay careful attention to the market and how we invest in cryptocurrency projects especially altcoins that are launching these days without strong peruse of the team and how far the project could go. Very hard these time around to know real projects but we need to do extra research to keep ourselves safe.
Now that the market is down, we need to pay careful attention to the market and how we invest in cryptocurrency projects especially altcoins that are launching these days without strong peruse of the team and how far the project could go. Very hard these time around to know real projects but we need to do extra research to keep ourselves safe.
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