most people just follow what others suggest without knowing whether the project is good or not.
not having knowledge or being lazy about doing research makes people more susceptible to scams.
Topic: Why lots of people got scam easily - page 19. (Read 5604 times)
Trust& knowledge. Because some of new people no have good skills for analysis good project then there are investing in fake project. Otherwise some of old people trust a project team announced then there are investing without long research.
well most of the time is the lack of knowledge on the project and just going with the flow of the hype. Eagerness to earn easy money with a promise of quick roi is also another reason.
Sometimes what happens is not the fault of the investors because they did not do their due diligence, because they have projects that apparently have real team members, they have an original whitepaper and they have a project that seems solid, but after collecting funds development of the project it becomes slow and the project ends up dying and the Devs who get the money are the only ones who get profits and investors get losses. I believe that the only way to get around these problems is to have a regulated market
Scam these days can take effect due to things outside the aforementioned. A team can be known in real life and yet their project will be scam at the end. Another instance, someone can invest in an ICO having done their research and yet such tokens won't make it to the exchange such instances cannot be attributed to either greed or trust or lack of team information.
I got scammed because of trust three project which i really trust too much was centra, dropil, coss i forgot some other but these projects really made me to not believe any peoject. Because these products were havung working productbwith team and progress even these became scam .
Mostly because they don't think anything twice before doing it. And people now have became so hurried that they don't want to research a bit on where they are investing. Many things crypto to be a failsafe earning place which it is not. Though we can also safely say that scams have decreased over time as people are learning from their experience.
Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
well most of the time is the lack of knowledge on the project and just going with the flow of the hype. Eagerness to earn easy money with a promise of quick roi is also another reason.
What makes people most exposed to fraud is greed because they only care about money fast. I often observe that someone often puts their money in because they are attracted to the attractiveness of large investments or the huge return on investment when the reality of such a project is a project manipulation.
Most people are scammed in this market because they don't have the knowledge to choose projects. In addition, they also do not control their psychology, always greedy because offers come from scammer and shady projects.
Greed is definitely one of the major reasons. Users need to be realistic about the returns. When someone promises you 100x or 200x returns in a couple of months, you need to do some research on your own, in order to check whether these claims are reliable or not. I am not saying that such returns are impossible in the cryptocurrency market. But such projects would be very few in number.
Sometimes people following hype of project without knowing about project it self. They heared that project is a golden chance to get easy money and they forget to analyze and research. I have no idea why people so easily to trust a thing.
we are simply tempted by massive offers and we complete not make out that they lone fascinate the notice of us and investors in particular individuals of us who are greedy will indeed with no trouble happen to victims, as a result in next a forecast we are other earliest had to discern the set that worked on the plan if it had for all time been operating in the message afterward the job would in general keep on smoothly, nowadays we have got to be sympathetic as con projects enjoy a lot happened
One should be more practical then going on those just massive numbers which seems to be lucrative but in the end many of them gets scammed and ends up losing all the hard-earned money. Also, it is high risk and if one has good amount of money then can look into such new projects so that even if they lose they would be fine. Or else better to stay with the known coins or the ones which is even supported by the best of the people here.
FOMO can make anyone choose the bad move either in trading or investment plans, I was caught in one myself days ago, sometimes FOMO is not something you can easily escape, this is not about false promises or scam projects, anyone can get caught in the web
Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
Yes and especially they have no experience in this market. I used to be a victim and cheated on over $ 2,000 on a damn project. I believed in the shit project and invested in it. The CEO has promised to list WPP on major exchanges. But after the fomo was completed, he received enough money and from there out of the community and the project. From then on, I was very careful in project and team analysis. It gave me a great lesson.1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
we are simply tempted by massive offers and we complete not make out that they lone fascinate the notice of us and investors in particular individuals of us who are greedy will indeed with no trouble happen to victims, as a result in next a forecast we are other earliest had to discern the set that worked on the plan if it had for all time been operating in the message afterward the job would in general keep on smoothly, nowadays we have got to be sympathetic as con projects enjoy a lot happened
One of the common reasons that they're scammed so easily is because of believing in the hype of these shitty projects. We are not doing proper research such as looking at the whitepaper, social media activities, reverse image search of each team member and advisors or checking if they actively attending conferences or AMAs, full transparency in showing us the product that they've developed, strategic partnerships and the list goes on.
I don't believe in the ratings of ICOBench of these projects, even if they are KYC-verified. Anybody can create fake LinkedIn accounts anyway. It's getting hard nowadays to determine if the projects are legitimate or not, because there are so many stuff that we need to deeply look on before saying that they're genuine and reliable.
Always take time in doing proper research before committing to invest in those projects.
I don't believe in the ratings of ICOBench of these projects, even if they are KYC-verified. Anybody can create fake LinkedIn accounts anyway. It's getting hard nowadays to determine if the projects are legitimate or not, because there are so many stuff that we need to deeply look on before saying that they're genuine and reliable.
Always take time in doing proper research before committing to invest in those projects.
Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
Yes and especially they have no experience in this market. I used to be a victim and cheated on over $ 2,000 on a damn project. I believed in the shit project and invested in it. The CEO has promised to list WPP on major exchanges. But after the fomo was completed, he received enough money and from there out of the community and the project. From then on, I was very careful in project and team analysis. It gave me a great lesson. 1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
An additional reason is the need and want of more income and most people are trapped in it with little consideration. Regarding the second reason because the trend they just go and invest without knowledge of the project is TRUE but one thing we need to ask ourselves. Are we going to continue like this ...?
The answer is in yourself.
I agree with you. Any person needs to learn to make sober decisions, not succumbing to the emotions and opinions of other people. Because it is only your money and only you are responsible for it.
True is in each person to learn by their way to avoid the scams, but sadly in this learning process people keep losing money. This kind of scam schemas should be teachers to kids in school to avoid them in the future.
its okay to loose during the learning process because you wont learn the way of their scaming tactics if you will not go on the actual work anyway . it is only bad if you loose for a long time while still havent got an idea about thier scam tricks . i dont think kids at early age will learn it because kids arent involved on investing or money making busines yet but teach for adults maybe. this isnt also recomended to be teach on school because we already have internet and we can find many informations online that is free
OP is right. Greed, no knowledge about the project and trust can be the reasons why people got scammed. However, on the larger scale, most investors get scammed because it is very difficult to detect a scam project although investor may perform research on the project. A well planned scam project demands extensive research into all aspects of the project in order to determine if it is scam or not.
I agree with you. Any person needs to learn to make sober decisions, not succumbing to the emotions and opinions of other people. Because it is only your money and only you are responsible for it.
True is in each person to learn by their way to avoid the scams, but sadly in this learning process people keep losing money. This kind of scam schemas should be teachers to kids in school to avoid them in the future.
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