Topic: Too many project SCAMS - PLEASE CAREFUL - page 16. (Read 3906 times)
Thanks for the advice. We must be careful at all times. We are not greedy. Many scam projects ask us to invest in the hope of doubling our portfolio. Which we later invest in greed. And our portfolio looted all.
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.
By the way it is not going to end in 2020 so we just need to be careful all the time whenever we are encountering such situations whether in online or at offline.But these ideas become very older and investors became familiar to it so we may see more innovative ideas from the scammers in 2021 so just be careful with scammer always. 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.
- Create virtual projects,
- Create virtual tokens,
I never support or like the approach to use virtual word to describe cryptocurrency. It is a word used to mislead crypto enthusiasts or potential crypto investors.- Create virtual tokens,
What is real? What is virtual?
Is the fiat in balance when you log in your bank account is real? Or is it virtual?
Bank balance, crypto balance are digital number, not virtual number. Crypto currency is digital currency, not virtual currency.
Various scams are already apparent for the past years and we cannot stop them. That's why it's also a part of getting into crypto space is to know how to avoid and keep yourself safe from scammers. Since the adoption is continuously growing, more scammers will use it to delude beginners. Remember to always be careful with projects you are choosing and to always do prior research.
And some of them are hiding as new projects in the crypto space. so be careful because they will use all the good stuff whitepaper roadmap just to get what they want which is your hardwork money. Invest only in legitimate project and don't be FOMO with a new coins with high price they will all lost its value someday so be careful.
Various scams are already apparent for the past years and we cannot stop them. That's why it's also a part of getting into crypto space is to know how to avoid and keep yourself safe from scammers. Since the adoption is continuously growing, more scammers will use it to delude beginners. Remember to always be careful with projects you are choosing and to always do prior research.
- Create an investment website for the purpose of calling for investment,
Always verify and check the legitimacy of a website. For investment or service, you need to check each of the details that it shows because you'll get a hint if it's a scam. They may look like a professional website but with the content and the scheme that it explains, you'll get the idea if it's a scam, a Ponzi, or a project that only wants to take the money of its investors. Research is the best weapon for this to avoid and you'll get to secure yourself from those scam projects. Thanks for the advice, we knew about all this already so your post isn't actually well fitted for this thread, you can move to beginners section for newbies so they can read and probably safe few of them who tend to listen to advices
These shows that we need to be always reminded that among crypto enthusiasts in the space, most of them can make us invest and get nothing in return. In other words, there are so many scammers in crypto industry. So we need to be extra careful and these fitted perhaps in every section. I mean we all aware about the risk but are we ready if it happened to us? So we need to be always reminded though moderators pin posted it but somehow this is worth a topic to discussed about.
I suspect that in 2021 there will be more such things. currently the price of bitcoin is very strong, and it is likely that the altcoin season will arrive in 2021, and there will also be many projects that take advantage of this moment. I thought scammers would improve their quality to trap investors.
This early warning is very important. Now people are curious about cryptocurrencies and fraudsters will take advantage of it. Many scam projects will be created and new investors should be made aware of this 
- Create virtual projects,
- Create virtual tokens,
This is just some of sweet promises or bullshit like planning, creating, waiting etc. unless it's released.- Create virtual tokens,
Quote
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
That's ponzi scheme and Multi Level Marketing- Create an airdrop that calls for people to deposit fees to pay tokens
I think you need to add 2 more examples since that's currently FOMO and HYPE right now :
- Anything with DEFI project
- DEXs and Swap service giving free airdrop (e.g. Uniswap, 1nch exchanges)
Thanks for the advice, we knew about all this already so your post isn't actually well fitted for this thread, you can move to beginners section for newbies so they can read and probably safe few of them who tend to listen to advices
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.
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.
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