Knowledge is the most important foundation for avoiding fraud in the crypto world, Scammers have become inseparable in the crypto industry, and very many have fallen victim to them. Greed and no knowledge is weak points for fraud, they are very easily fooled by large rewards offered, because they only think about profits without considering the risk of loss that will occur.
New investors often fall prey to investment and I am sure if not careful, it is very easy to lose money in this market. In the past, I had lost a lot of money and that was the biggest lesson for me. That was the story of the past, and now things are different and I always analyze before deciding to invest and will definitely reduce me a lot of risk. 
Topic: Why lots of people got scam easily - page 7. (Read 5646 times)
Apart from the obvious things like greed and lack of proper research there are just too many gullible investors and scammers are taking advantage of them. Too many investors want to make quick money.
The desire to get more money isn't greed, we can lose money in the process but this isn't a bad thing, who doesn't want to get rich? Everyone has this dream in them for sure, having 30$ and want to turn that into 60$ isn't wrong, it's a must to have a good life but not understanding the risk is so unwise, do not venture into something that's not predictable with all you have left
You are right the first think when maximum people got scam is joining the project without searching and trust blindly on the team. Maximum greedy people want to become rich overnight then they also join Ponzi type and HYIP type programs and lose their precious money.
Greed and no knowledge is weak points for fraud, they are very easily fooled by large rewards offered, because they only think about profits without considering the risk of loss that will occur.
If they don't think before act, they will repeat the same mistakes. therefore do not easily believe in large rewards without evidence.
This is just the fact, especially the number 1, greed, how on earth will someone come with Cheap things and you just want to win big from an anonymous person, alot are being scammed especially investors.
Knowledge is the most important foundation for avoiding fraud in the crypto world, Scammers have become inseparable in the crypto industry, and very many have fallen victim to them. Greed and no knowledge is weak points for fraud, they are very easily fooled by large rewards offered, because they only think about profits without considering the risk of loss that will occur.
Fomo Price is also an additional indicator that makes most people take shortcuts about investing with someone's recommendation, but not all are the same, there are also those who are careful enough to see, determine value, and make decision patterns before investing. Surely he is not a beginner in the world of cryptocurency.
Fomo is normal, but there will not always be Fomo, and the price will not always go up either, I always observe coins that go up because of Fomo and after that it drops sharply, so be careful, maybe Fomo is a very easy thing to follow by people and this make people got scam 
Many people are still stuck with scam projects because they don't have the knowledge to choose projects in this market, and they often invest according to their preferences. If they liked the name of a project, they would believe in it. They also want to get rich quickly and think that everything will be easy
Anyone who invest in a project simply because he likes the name of the project or because the project aim and roadmap is captivating is not a good investor. Scammers already know what investors look out for, so before investing in any project, it's bad to just take a glance before delving in. Proper due diligence is relevant, even if it will take some time to research, cool.
Many people are still stuck with scam projects because they don't have the knowledge to choose projects in this market, and they often invest according to their preferences. If they liked the name of a project, they would believe in it. They also want to get rich quickly and think that everything will be easy
Anyone who invest in a project simply because he likes the name of the project or because the project aim and roadmap is captivating is not a good investor. Scammers already know what investors look out for, so before investing in any project, it's bad to just take a glance before delving in. Proper due diligence is relevant, even if it will take some time to research, cool.
I've been trapped in a scam and I realize that if it's all because of my greed, I only think about profits without thinking about the risks that must be experienced, don't be too hopeful of project promises so that you don't experience things like me, keep doing research.
indeed 80% of the mistakes are in ourselves, because we who are greedy and never learn make us easy to be deceived, we must learn from mistakes and try to be strong, there will be many scammers coming to us, so we must be prepared
And you left expectation 63
People always put their expectation to high so when the project failed or scam they will mad
Thats why we must learn deep about the project before invest or being the bounty hunter
We must read the whitepaper and roadmap of the project, join the social media community so we can ask and get knowing all the team project
Join the official telegram so we can ask the other who join the project
People always put their expectation to high so when the project failed or scam they will mad
Thats why we must learn deep about the project before invest or being the bounty hunter
We must read the whitepaper and roadmap of the project, join the social media community so we can ask and get knowing all the team project
Join the official telegram so we can ask the other who join the project
These are good info but I also add some more things due to which a lot of people got scam. trust too blindly on the project, never search for the project and just look at the website attraction where some good features copied from real projects attract investors. no real social media pages.
Too naive, I think. People don't get it that the project they have interested in will try everything it can to get people's money. That's included dishonest or disinformation on its own project. People need to remove their naive for not getting scam easily.
Many people are still stuck with scam projects because they don't have the knowledge to choose projects in this market, and they often invest according to their preferences. If they liked the name of a project, they would believe in it. They also want to get rich quickly and think that everything will be easy
Yes, I can whole heart agree that most people fall for obvious scams is all because of their greed. They may have limited knowledge or don't at all but with greed, it was the main driven and motivate for their downfall.
Agreed with it 100%. Unfortunately most of the time people who get scammed have only themselves to blame as they don't even take the time to read the project's website and properly do their own research, which usually can tell you very quickly if the project is legit or is it just another glass bead. Another problem is not doing any research at all, and counting on people on twitter etc. shilling altcoins. People don't realize they are not listening to experts or enthusiasts but paid marketers.
This is what I said in my previous post that we have to be very sensible. I saw one thing and jumped up and without thinking about anything, then I have to get caught in the arrows of scams. Firstly, we have to do a lot of exploration, we have to comprehend and assume a lot of components. Otherwise, there is no possibility of fleeing from the scam if you commence working in a hurry.
Yeah! must carefully when we will invest in the new projects. Need review team, roadmap, group member all is must real!
many people are easily fooled because they don't understand the world of crypto or carelessness of the person didn't check in detail how about a project
True, few of knowledge and experience in how choosing a real project and lazy to do analysis makes trapped in a scam project.
That is true.We must carefully when we will invest in the new projects. We must always research about the new project where we will invest on it to avoid the scam projects.
Always remember this advice "Don't put your eggs in one basket".
Always remember this advice "Don't put your eggs in one basket".
I've been trapped in a scam and I realize that if it's all because of my greed, I only think about profits without thinking about the risks that must be experienced, don't be too hopeful of project promises so that you don't experience things like me, keep doing research.
This most times happen to newbies, particular those without exposure and it's good that you have kearnt from your mistakes.
Mosr of these scammers these days have advanced, but if you know what you are doing and you have knowledge about the project, then there is no way you can be deceived by anyone.
Jump to: