Warning for newbies | Bitcointalksearch.org

Kong Hey Pakboy

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Quote from: greenlanternlight01 on June 08, 2020, 08:06:13 AM

Quote from: Bitbtc8 on December 11, 2019, 12:49:09 PM

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

And better yet, you need at least to learn the basic surrounding the blockchain technology and find time to read updated articles about cryptocurrency to avoid being scammed .

Learning the basics and everything about blockchain technology could really help newbies on where they should participate and invest their money on projects, so they could know if the project legitimate and has a potential to become successful in the long term.

greenlanternlight01

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Quote from: Bitbtc8 on December 11, 2019, 12:49:09 PM

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

And better yet, you need at least to learn the basic surrounding the blockchain technology and find time to read updated articles about cryptocurrency to avoid being scammed .

t3m4nc0k

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I think it's not just for beginners but for everyone who is here, because all the points you say do have to be done and should not be left, especially point number 1

Ryushin

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OP your second point is the best, newbies can easily escape bad exchanges or projects if they visit scam accusation thread most times, before some thing bad happened there may be others who falled victim already and scam accusation thread is where to find answers

Blue_oxen

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Quote from: Vohoanghiep on May 20, 2020, 11:05:45 AM

You can only avoid scams if you don't invest in new projects, that's all you need to do when it comes to special cryptocurrencies these days when no real projects are offered. anywhere. Many new projects are likely to appear in 2020 and many of them will probably end up in a scam. For beginners or for all of us here be careful and remember, scammers will never stop. If you are not ready to avoid stupid mistakes then there will be lessons to Learn the hard way.

LOL you got the point! The most memorable lesson is the lesson that you learn the hardest way. You have to experience the failure in order to learn something new and be better at it. Howe\ver, when it has to deal with money, use your knowledges, instincts, experiences as well as others' to avoid the least loss. You'll lose something but then you learn something!

Festac

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Scam accusation thread on this forum is very informative, the usefulness is top notch, this will surely safe many newbies from doing some stupid mistakes, the thread is full of scam projects either through exchanges or wallet etc, I recommend such thread

Vohoanghiep

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You can only avoid scams if you don't invest in new projects, that's all you need to do when it comes to special cryptocurrencies these days when no real projects are offered. anywhere. Many new projects are likely to appear in 2020 and many of them will probably end up in a scam. For beginners or for all of us here be careful and remember, scammers will never stop. If you are not ready to avoid stupid mistakes then there will be lessons to Learn the hard way.

carlisle1

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Quote from: soramon on May 20, 2020, 08:10:35 AM

This advices is very important to newbie that really just enterance cryptocurrency. The most important thing is always do research on any project that you want to participate or maybe you can invest on popular coin like ETH and btc.

Even in Bitcoin or Ethereum you must not invest any cents until you have a formal knowledge about where you are investing because the more you have knowledge is the more you may lose in each investing.

Quote from: spike420211 on May 20, 2020, 08:11:44 AM

It is not enough just to visit the branch of scam cases; it is important to check each project yourself in a search engine.

using search engine will also direct us to the scam cases regarding projects.

Quote

And more than once.
Many make the mistake of checking the project only once during the initial analysis. While there are no 100% guarantees (they are almost always absent), it is necessary to assume the probability of scam.

if you can afford to lose then bet for the said project but if you really care for your money?then extend your hands doing multiple research first.

spike420211

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It is not enough just to visit the branch of scam cases; it is important to check each project yourself in a search engine. And more than once.
Many make the mistake of checking the project only once during the initial analysis. While there are no 100% guarantees (they are almost always absent), it is necessary to assume the probability of scam.

soramon

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This advices is very important to newbie that really just enterance cryptocurrency. The most important thing is always do research on any project that you want to participate or maybe you can invest on popular coin like ETH and btc.

aemma

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Quote from: Bitbtc8 on December 11, 2019, 12:49:09 PM

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

This has been said over and over again but in a different way and manner but it all comes down to the same thing, which is, the truth; this post is the truth in all sincerity. Everyone needs to be careful this year most especially now that the pandemic is still very much active and scammers are lurking around to find who to defraud. Therefore let due diligence be banked on at all times.

gundala

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Quote from: kaya11 on February 21, 2020, 06:15:39 AM

The problem is even though we do our very own research , still it isn't enough to save our asses due to some lack of information given by the project developers themselves. I recently found out that some IEO's out there don't give the exact amount of money raised, and that is a red flag for me as we are somehow getting excited when we see the project is getting much attention in support. So basically at that moment you knew at first then that is also the moment you say no to new ALT.

That's a pretty complex problem indeed if the developer isn't transparent then what can we maintain to keep supporting? So by creating transparency will create a positive reciprocal relationship.
This is an important lesson for newbies, including me, so they are not easily attracted to the lure of large investments, because there is no guarantee.

rdewilde

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Quote from: Bitbtc8 on December 11, 2019, 12:49:09 PM

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

This is just the simple truth and best advice too, I think this is not just for newbies but for everyone in this community. Although some people might grounded in some aspects they might not be in some as well. Doing research on any project is really the first thing to be done before even going deeper or thinking of releasing funds for investment. And lastly, but very important, investing what one can afford is the best thing always not selling properties to invest because someone hyped the project etc.

kaya11

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Quote from: Bitbtc8 on February 21, 2020, 05:09:41 AM

Quote from: magnum cyber on January 31, 2020, 02:50:45 PM

Yes, the main factor is research, but good research also does not guarantee that you are free of fraud. I personally have done a lot of research, taking the time to choose a project but if the project says it's different then we also can't avoid it. on the one hand scamers always have devious ways to deceive their victims, even many good projects, look real, promising and ultimately end up deception.

I know good research will not entirely safe our necks from scammers but it's the best tool we have presently and to me research have safe me from silly mistakes, research is pretty useful

The problem is even though we do our very own research , still it isn't enough to save our asses due to some lack of information given by the project developers themselves. I recently found out that some IEO's out there don't give the exact amount of money raised, and that is a red flag for me as we are somehow getting excited when we see the project is getting much attention in support. So basically at that moment you knew at first then that is also the moment you say no to new ALT.

Lexurdania

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Quote from: Bitbtc8 on December 11, 2019, 12:49:09 PM

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

Investing in the cryptocurrency market is quite risky and losses are also experienced by people who have long been in cryptocurrency. But a warning for newbies, I think it's good that they don't get caught up in scam projects because many projects are only concerned with selling tokens rather than developing products

Bitbtc8

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Quote from: magnum cyber on January 31, 2020, 02:50:45 PM

Yes, the main factor is research, but good research also does not guarantee that you are free of fraud. I personally have done a lot of research, taking the time to choose a project but if the project says it's different then we also can't avoid it. on the one hand scamers always have devious ways to deceive their victims, even many good projects, look real, promising and ultimately end up deception.

I know good research will not entirely safe our necks from scammers but it's the best tool we have presently and to me research have safe me from silly mistakes, research is pretty useful

magnum cyber

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Yes, the main factor is research, but good research also does not guarantee that you are free of fraud. I personally have done a lot of research, taking the time to choose a project but if the project says it's different then we also can't avoid it. on the one hand scamers always have devious ways to deceive their victims, even many good projects, look real, promising and ultimately end up deception.

Best Dreams

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Quote from: trauchot on January 29, 2020, 06:58:45 AM

Quite right, there are still too many cryptocurrency scam companies and cryptocurrency scam companies constantly appear, therefore, to protect yourself from losing your money, it is best to invest in top projects that have long been in the cryptocurrency field or at least invest in cryptocurrency companies that conduct IEO on top exchanges like binance, huobi, kucoin.

Binance is a good company that has good fame around the world. I hope it's gonna be safe for you. New investors of Altcoins should invest only in good sites and be long term investors. Choose good coins for investing and don't put all your money into any coin without any proper research and explore Google for collecting information and knowledge about the coin you are going to invest your money in.

letyouearn

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Yeah, people are getting into crypto market again and scammers are ready to work too. Already began seeing poor newbies crying about some noname crypto wallet or exchange that is trying to steal their money...

imutlinda

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Quote from: romero121 on January 30, 2020, 01:02:16 AM

The existence of bitcoin wasn't a big surprise at the beginning, this is when bitcoin was given as giveaway. By those days losts and lots of bitcoin got lost. Everything happened as it hasn't got big value. When the value started to grow little by little it gained importance and people started to search what they lost in the past.

As the price started to peak high and high more scammers and hackers got into the market. This has made more newbies and expert people get into the hands of hackers and scammers. This is where each and everyone needs to be cautious while handling cryptocurrency related investment and on other needs.

if the trend returns then I am also pretty sure that scammers will come back, so it is very important for people to protect themselves and continue to increase their ability to see the potential between legitimate projects and fraud. because ability is always needed, because with ability we can survive in any trend.

Topic: Warning for newbies (Read 2353 times)