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Topic: Why lots of people got scam easily - page 35. (Read 5646 times)

full member
Activity: 1498
Merit: 129
October 14, 2019, 12:37:58 PM
Dev are becoming wise day by day. You can still have in-depth knowledge about a project that even have high reliability trust on many ICO review sites and still get scammed. For instance, Gemstra. Nobody could have thought such a project will actually become scam. This is a project that has been developing with regular updates but suddenly, all the team members disappear without any trace. Many investors are still in shock up till today. investing in crypto now is pure gambling and not about trust or anything.   
hero member
Activity: 2926
Merit: 640
October 14, 2019, 12:20:35 PM
Of course, lack of research is one of the main causes why people fall into scam projects although some scam projects cannot be identified even after performing research on them. Regulations by platforms where cryptocurrency projects are hosted can also be of great help in eliminating scam projects. In the view of this, the platforms will request for proof of doc and run some checks on the projects before hosting them on the platform and this will reduce significantly the scam projects.
We have too many people in the cryptocurrency world that really lack vision or planning concerning their investment, you see people just investing in any project that they see, which is why they find it very difficult because their excuse would be that how many projects would they research on, meanwhile, if they have a goal like to invest in just ten solid projects in a year, it would not really be hard for them to research on any project that the picked, but they feel researching on every project is hard.

Making research on a particular project of our choice should not be something so difficult, and it is very necessary to do, if we can research deeply on the project, we would be able to easily tell if the project will be worth our investment and staying with for a very long term or not.
member
Activity: 746
Merit: 10
https://axiomapay.com/
October 13, 2019, 09:03:20 AM
yes I agree with the 3 points you have mentioned above, some of the points above are indeed the facts that occur in this crypto industry, greed is a negative attitude held by some people, so the lack of knowledge is also one of the reasons why often encounter fraud projects, and my last point will only add to the suggestion to always do detailed research and never depend on anyone before joining any project.
newbie
Activity: 24
Merit: 0
October 13, 2019, 08:34:02 AM
I can say only one word, they  looking for fast profit, without do some effort to search.
full member
Activity: 714
Merit: 101
October 13, 2019, 07:49:28 AM
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.


Most people want to make good money and do not apply any effort. Therefore, the more profit a new project promises, the more people decide to invest in it. The possible large profit closes people's eyes and they stop studying information about the project, thereby falling into the hands of scammers.
jr. member
Activity: 104
Merit: 1
October 13, 2019, 07:13:51 AM


1. Greed
2. No knowledge about the project
3. Trust


These 3 are what I can say are the top reasons as to why people fall into scam projects. Another reason below those 3 is "Influence". Crypto is a space where the price/progress can be driven by pure emotions and sentiments. Forbes and John mcafee endorsed this MLM-like ICO and is now in huge problem as they face court and legal issues. Many people believed in it because of the people promoting it in the front-end. I would not even trust those guys anyways because you can almost get exposure anywhere using money.
sr. member
Activity: 1274
Merit: 293
October 13, 2019, 03:35:58 AM
Things why a person can easily get scammed in crypto-world

1. Greed
2. No knowledge about the project
3. Trust


Sugar coating gets people drived by their own fear getting scammed which in fact turned into a something easily-get-eceiving people. Well, that is how people scammed. When they see a project that looks promising that they tend to forget to look, and search behind those projects, and foresee the possible outcomes. Well, no one could even stopped such situations. It is only them who must avoid it. Because they are the authority themselves, so looking only in the surface isn't sufficient.
full member
Activity: 910
Merit: 103
October 13, 2019, 03:21:44 AM
That's correct, I'm sure greedy is the main reason to get scammed in the crypto world, a lot of investor don't know the purpose of the project at all, the opposite of people just want to earn quick money, project owner easy to give us a lot of promised, investor believed that the project is a ways to let them fast rich scheme, finally we got scammed and this problem is constantly happening.
member
Activity: 434
Merit: 10
October 12, 2019, 10:43:01 PM
Good point but that is the main target of the management in every project basically people dreaming to become rich once they investing in ICO before but now we also have an IEO which is less scam but definitely without a proper knowledge the high risk to end up loosing money is a high possibility  because of the so much trust.
The main problem here is the lack of readiness to perform individual researches on projects and coins before investing. Without running checks on these projects, it is very difficult to identify which one is scam and which one is authentic and this raises the risk level of ending up in a scam project. Although IEOs have taking on ICOs with their well structured way of token sales, not all IEOs can be trusted.
sr. member
Activity: 1120
Merit: 256
October 12, 2019, 09:43:40 PM
Good point but that is the main target of the management in every project basically people dreaming to become rich once they investing in ICO before but now we also have an IEO which is less scam but definitely without a proper knowledge the high risk to end up loosing money is a high possibility  because of the so much trust.
Supervision is also an influence. if only in making the projeck required to complete the permit file or else I think this can make the projeck more watchful than the projeck now who is free in making the projeck according to their wishes,supervision can also make investors believe
legendary
Activity: 2464
Merit: 2094
October 12, 2019, 09:41:51 PM
Good point but that is the main target of the management in every project basically people dreaming to become rich once they investing in ICO before but now we also have an IEO which is less scam but definitely without a proper knowledge the high risk to end up loosing money is a high possibility  because of the so much trust.
I think the obsession to get rich quickly is the wrong thing to invest. Some ICOs have the opportunity to benefit, but ICO risks are now greater and vulnerable to manipulation. The IEO has given investors a little relief because tokens or coins are not obtained directly from the team but involve exchanges that investors can sell back to the stock after IEO is finished.
However, every investor should not be too easy to believe in the IEO project, without research they can still get a scam. Do not rush to invest in IEO, after you get enough information then you can decide to join or not.
full member
Activity: 434
Merit: 104
October 12, 2019, 09:13:42 PM
Good point but that is the main target of the management in every project basically people dreaming to become rich once they investing in ICO before but now we also have an IEO which is less scam but definitely without a proper knowledge the high risk to end up loosing money is a high possibility  because of the so much trust.
hero member
Activity: 1918
Merit: 564
October 12, 2019, 05:18:26 PM
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.


I think it is because of lack of self constraint.  I agree that your given factors are all correct but if a person have self constraint then it is possible for him to evade scams.  Since he will not be eaten by his own greed.  They also are too lazy to do their own research.  If one have no knowledge then researching it is the answer.
full member
Activity: 952
Merit: 107
October 12, 2019, 05:06:21 PM
I think the most important reason out of three will be a lack of knowledge. You can not invest in a project if you do not have knowledge about it.
People are easily trust when they see good offers and think about it as easy money which can give good return for short time though not having knowledge about it. Out of greed and because of need of money, people got scam, mostly become a victim when you are thinking where to get an amount easily.
hero member
Activity: 924
Merit: 505
October 12, 2019, 04:39:05 PM
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.

Ye its true sir they got scam easily because of many promises of developer. Thats why many investor are got lost there money. Maybe before they join they can search first the project if that good or not.
Also some developer are greedy because they offer a good profit of there projects but in the end the project is not good.
sr. member
Activity: 645
Merit: 266
October 12, 2019, 03:53:25 PM
Beside that you have mention above, i will give my opinion for this case. People who get scam from new ICO just speculate when they decided to  join in it. Easy to believe what dev said about the project and just interesting on profit without considering the risk they will take.
I think that many people assess the risks that they take, but even after the project is unsuccessful, they still continue to make the same mistakes and choose the wrong projects. paradox
One principle they known about investment is "invest for long term" or buy today get return in the future. Its really gamble mindset they still keep it up in  their head. Once they get scammed, then they will blame the others, but actually we can analyst every new project, at least we dont get scam first, that was good.
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
October 12, 2019, 12:52:54 PM
New investors getting a lot of scam because i think it’s their lacking of the analysis regarding which projects. But there are many experienced investors lost in the various projects but which are looking reliable in that case your reasons are wrong. Even a lot of projects launched real products but ultimately they got scammed. You cannot predict which are worth investment at the moment. Because many legitimate projects going scam.                
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
October 12, 2019, 12:46:04 PM
Beside that you have mention above, i will give my opinion for this case. People who get scam from new ICO just speculate when they decided to  join in it. Easy to believe what dev said about the project and just interesting on profit without considering the risk they will take.
I think that many people assess the risks that they take, but even after the project is unsuccessful, they still continue to make the same mistakes and choose the wrong projects. paradox
member
Activity: 285
Merit: 10
October 12, 2019, 12:42:40 PM
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.


I also think complete ignorance is a big factor as well where user have no prior knowledge or understanding of how blockchain works in general. They just hopped into traps and get stuck in it.
sr. member
Activity: 645
Merit: 266
October 12, 2019, 12:23:49 PM
Beside that you have mention above, i will give my opinion for this case. People who get scam from new ICO just speculate when they decided to  join in it. Easy to believe what dev said about the project and just interesting on profit without considering the risk they will take.
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