Too many project SCAMS - PLEASE CAREFUL - page 15.

marilynmanson21

hero member

Activity: 1260

Merit: 510

Quote from: ?? on ??

I think you need to be careful not only about investments but in general about everything related to cryptocurrency. Especially on the crypto markets, a lot of newcomers and just mountains of scam and phishing divorced, people come in the hope of finding new ways to earn money, and the scammers are already there.

I think this is not only for cryptocurrency, all types of investment require caution, even if there are no scammers, investors are required to be careful when investing, that's why in investing an investor is required to do research first.
But indeed, investing in cryptocurrency carries a very big risk when compared to other places, especially the risk of investing in a scam project, but for beginners it's better to invest in major coins to avoid scam projects.

devollito

full member

Activity: 560

Merit: 217

Yes i agree, too many project scam especially so called DeFi project with its yield farming, please becarefull with your hard earn money and only put the money you can afford to lose. Even if you want to put to the legit project like MYID and XSL ( in my opinion bothbproject pegit, because the people behind the project dare to be known or not anonym entity )

pandanaran

full member

Activity: 1048

Merit: 101

In this industry, of course, there are various types of fraud and we all of course have to always be careful and also don't be easily attracted by lucrative offers. but I really don't like the last point you mentioned, about airdrops which require participants to send fees to claim Airdrop tokens. Most of these airdrops are scams.

Lordhermes

sr. member

Activity: 1232

Merit: 379

These scam project comes more in every bull run season, back in 2017 there were numerous number of scam project promising high return on investment to newbies which they got them a lot, scam alot of them of their funds. This incidence is been done on telegram to be performing.
- Fake escrow service
- Promising them signals.
- Trading with high ROI

This is another period of staying vigilant never to be a victim of any of these fake projects, you can perform these to avoid those scammers.
- Don't respond to pm from Admin, pm Admin first.
- Never follow project with high ROI
- Perform diligent research before investing.
- Run a plagiarism check on their whitepaper and other articles.
- Thorough investigation on the project teams.

MCobian

full member

Activity: 1190

Merit: 117

Since 2018, an increasing number of project scams have continued to appear until now. We really have to be careful in choosing projects,
I myself have been very selective in choosing projects to follow. Still several times following a scam project, because scammers are getting
smarter nowadays, making fake projects really look like real projects. So in-depth research must be done to really avoid project scams.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: ductruong on December 31, 2020, 04:32:35 AM

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Just to add up. Skip projects that do have;

-Anonymous devs
-Non realistic goals
-Flowery words and making assurances.

When it comes to scams then its already a usual stuff into this market.You should at least used your common sense to make yourself
to be safe out of these frauds specially theyve been flooding out into t he market.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

I think you need to be careful not only about investments but in general about everything related to cryptocurrency.

You should always guard yourself once you enter this venue of investment, it will risk not only your money but also your time following any project that you think that worthy of following and investing in.

Quote

Especially on the crypto markets, a lot of newcomers and just mountains of scam and phishing divorced,

There are many scammers and hackers you have to anticipate and plan ahead before engaging to whatever plans you have.

Quote

people come in the hope of finding new ways to earn money, and the scammers are already there.

Scammers are waiting and if you don't secure yourself then you'll be victimized quickly.

arabianhorse

member

Activity: 88

Merit: 11

There are many scam projects coming up under the name Defi. Before launching any project, the level of Defi is set and many investors are scammed. And it is a matter of wondering how long the defi project will last. The ico concept came in 2017 and some projects have made good profits and most projects have been scammed. So you should know well before investing in any coin.

raidarksword

member

Activity: 2044

Merit: 16

Scammers are inevitable, they come from all faces that's why it's pretty hard to get rid of these type of people in the internet. I hope people that got scammed last year will be a big learning process to them, they're just victims and sympathize them of all their losses. Nonetheless, we should be more vigilant of all these schemes that are too good to be true and with that we can deny scammers little by little.

BlackRexuz

member

Activity: 301

Merit: 16

Is the campaign manager to blame for this, who neglects to deliver even penny projects and is not careful to give it to everyone, at least all the campaign managers use escrow so that the projects that arrive can be trusted to run real projects, not present fraudulent projects, maybe that a good solution going forward ...

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

Quote from: ductruong on December 31, 2020, 04:32:35 AM

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Well said and I wish many people will take heed and do things differently henceforth. But the fact is, scammers and scam projects will keep coming up therefore it is left to us to leverage every form of investment security measures to ensure we don't Invest in scam projects. Also, many projects will be created promising unrealistic returns, in this case it is left to us to control our greed and overlook them, in the same way, airdrops will still keep happening and as usual, scammers will always use it to get what they want, hence in this case let's learn to point out those who are out to scam us such as asking for fees and/or private details.
Lastly, let's make good investment choices, coins like Bitcoin is the best all the time.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: LogitechMouse on December 31, 2020, 11:44:41 PM

Quote from: ductruong on December 31, 2020, 04:32:35 AM

For example:
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens

These 2 are common already. They are already doing this for a long time.
These scammers are just doing the same thing over and over again and unfortunately, there are many investors who are still falling to this traps.

Now with regards to airdrops, I've participated some airdrops in the past but I didn't ever tried to deposit a certain amount of ETH (still using ETH to transfer at that time) just to get shitcoins. Luckily that I didn't invest into any airdrop since most of them come out useless or shitcoin.

Airdrops before were really different. They will just give you free money. However, you should discard them fast because they lose their value fast. Nowadays, you will rarely encounter a valuable airdrop. Sometimes you need to spend your effort for nothing. Not really participating anymore with airdrop as it becomes useless these days. But lucky for users who are actively trading in some exchanges, like TWT airdrop in Binance exchange or the 1inch.exchange, if you happen to trade with them for specific periods eligible for their airdrop. Now, that's real money out there.

maxreish

sr. member

Activity: 1330

Merit: 326

That's the problem with most of the victims who usually easily got fall for the scam projects like these. Like believing in such crap of giving such good returns. It's signigicant to spot a good project because new projects usually have a good to be true products or goals which seems to be impossible in the future.

Certainly, most of us here are wise enough than before in choosing a potential projects to invest or to join. Especially defi trends are now the scammer's new way to scam people.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: ductruong on December 31, 2020, 04:32:35 AM

For example:
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens

These 2 are common already. They are already doing this for a long time.
These scammers are just doing the same thing over and over again and unfortunately, there are many investors who are still falling to this traps.

Now with regards to airdrops, I've participated some airdrops in the past but I didn't ever tried to deposit a certain amount of ETH (still using ETH to transfer at that time) just to get shitcoins. Luckily that I didn't invest into any airdrop since most of them come out useless or shitcoin.

marilynmanson21

hero member

Activity: 1260

Merit: 510

As long as you don't have to spend money to take part in the airdrop or the like you can follow it,
but if you have to pay money, then don't follow it, because the possibility of a scam is very big, as an investor you must understand this trick, most real projects give for free, but scam projects require you to pay money to take your reward.

TastyChillySauce00

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Activity: 3010

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Leading Crypto Sports Betting & Casino Platform

Quote from: BayAngelo on December 31, 2020, 12:32:28 PM

The major reason for the high scams jumping out is due to BTC pumping out. most of these projects are after btc. they wanted to dump their token on people and exchange it with BTC. we will see more of them as BTC keeps pumping. same can be noticed about bounties. most bounties are paying due to investors coming back to new project. we will see more in the coming days.

The same thing that was happening a few years ago. The scammers are seeing the crypto got pumped massively and then they are starting to come with a promising project that full with BS.
It's not all of the bounties are paying dude. i have seen some people complaints about there were some projects that have gone.
swaphub and some scam finance defi projects. That thing that makes me sad there are still hunters blatantly joining in the project that already proven by another member as scam project.

so98nn

hero member

Activity: 2114

Merit: 603

Quote from: Genemind on December 31, 2020, 11:36:13 AM

This is an endless cycle, people will find ways to earn easy money. Scam is everywhere since crypto started, as time goes by people learn and adapt. Always practice caution and be aware of what you are investing in, if a project promises too much be wary. Just do your research before enggaging in any investment.

Hmm, with the 2021 on its way with few hours, I am pretty sure there would be many many projects that will release themselves with new energy and new promises which doesnt sound to be too good at first glance. So there would be many scams and noobs would be targeted the most in this instances.

The research that you are talking about will be done by old investors only and not by the new comers. So these project owners know very well they will have plenty of ICO investors to get what they need. (Money).

Engagement depends on one fact, whether these projects will be secured with some sort of bonds or not. For ex, project like USDT etc are already in the court hearings and we surely dont want that kind of project taking heads up again. With the new projects, there has to be many assurance then only we can be sure whether to invest or not.

BayAngelo

member

Activity: 882

Merit: 17

The major reason for the high scams jumping out is due to BTC pumping out. most of these projects are after btc. they wanted to dump their token on people and exchange it with BTC. we will see more of them as BTC keeps pumping. same can be noticed about bounties. most bounties are paying due to investors coming back to new project. we will see more in the coming days.

bassbity

sr. member

Activity: 1092

Merit: 284

That's why we shouldn't be tempted by cheap things that will only make us seem like gullible people. not only be careful, but better avoid it. no project wants to lose. especially in these years taking advantage of the situation under the pretext of bitcoin. To face the beginning of the year, we must be smart in dealing with scattered projects, because 2021 will be more than 2020.

Genemind

sr. member

Activity: 1596

Merit: 335

This is an endless cycle, people will find ways to earn easy money. Scam is everywhere since crypto started, as time goes by people learn and adapt. Always practice caution and be aware of what you are investing in, if a project promises too much be wary. Just do your research before enggaging in any investment.

Topic: Too many project SCAMS - PLEASE CAREFUL - page 15. (Read 3906 times)