Bitcoin Forum

Hey guys, I think cryptosphere is one if the most dangerous way to invest your free money. Scam is everywhere, in ICOs, in bounties, in airdrops. You can get scammed even entering the wrong URL of etherwallet. What do you think about this? Do you think we will find solution for this problem in the future? What do you think this solution will be? Anyway crypto market is for experienced investors. If you are Newbie and panicking about every pump go invest into gold  ;)

Knowledge is all you have to avoid scam. But I don't think, that scam in "cryptosohere" is more than elsewhere. Think on the Bux, PTC and all the ponzi sites. You can also see many scam offers on warriorforum. But if you are familiar on scam schemes, you can quickly uncover cheatings on any section.
Generally presuming, most scam is in cryptoshere is in my opinion same nonesense as to think, Bitcoin is used by criminals. Cryptos are currencies with innovative technologies, nothing else.

Even newbies can invest in solid projects with a little bit of research and an ability of critical thinking. At the same time they learn how to avoid scams, phishing attempts etc.   

You cant avoid scams,almost all the projects today are scams,as we speak you might be joining a scam because researching isnt enough if those legit and verified people are going to steal millions of dollars after they have raised enough funds.You shouldnt be trusting the ICO reviews if you are going to join any,do your own research to LESSEN the risk of gettign scammed but research wont give you 100% guarantee.

I suppose that tendence everywhere not only in crypto. Ponzi scam is everywhere in investments space. Securities papers it's same scam but on another level.

I'm sure the community will find a solution. Crypto industry is still very young, here as in wild jungle, animals devour other animals and larger predators devour all.
In time, a clear regulation of the cryptosphere will appear. There will be recognition of cryptocurrency at the state level. And then a legislative base will be developed that will protect the person who use cryptocurrency.

You should look after yourself. I have been in crypto for 6 months and have never been scammed, because I do thorough research.

I don't believe there will ever be the solution for such thing. Look at the "normal and real world" you have many scams that are done on daily basis. Even more than in the crypto field. Sadly there is really low chance of stopping them to happen. What we can do is to report those websites and to be careful ourselves what we do and don't do.

If you don't watch out you will get scammed in crypto. it's sad but it will make you an expert at security ;)

I think the problem will be solved when people stop participating in all the bounty projects at once. Then no one will know about the rock, but at the moment it is impossible.

Do not worry mate, i agree it is risky but risk takers are the biggest winners as well, risks and scams are everywhere there is no guarantee about anything and any business or investment, so we take profit, loss or gain experience from each of our investment.

Higher risks - higher gains. Such a gambling sphere is full of danger and scam. People who cannot put up with major losses shouldn’t enter this sphere, cuz we may have lots of coins, but we still have one health.

Instead of investing into scam you can just launch your own ICO and show how does good project should looks like. Ethereum is quite expensive for that purposes, check out  MyWish  (https://crowdsale.mywish.io/index.html/?utm_source=com&utm_medium=bctS&utm_campaign=csc&utm_content=S1604)or something same to it

I do think there are a ton of scams in crypto due to how easy it is to stay anonymous.  When people have little to no risk of exposing their identity to law enforcement and such, they will continue to try to squeeze money out of a trusting inexperienced investor.  At the same time, some people who are in crypto tend to be risky with their money and might invest with little to no research simply due to FOMO.

theres no better way to be safe from those criminals but to be more obedient and observant,before getting involve into any of those ico,make sure that you already proven its authenticity the reliability and the originality of every project.read the white paper,background check every people thats been involved

Educate yourself, hackers are also living on their knowledge.

Where there is money there would be scam. Be very aware when you use your private keys. Don't access your wallet with your private key unless you want to transfer ETH or token. Metamask and desktop wallet are much secure platform than myehterwallet.

No there is no solution to this, it is not like cryptocurrencies are more vulnerable to attacks, people are getting hacked left and right and are losing their information and a lot of money in fiat as well, the difference is that once you lose your money in crypto you are never going to get it back, so any mistake you make with cryptocurrencies will be extremely costly.

Criminal opportunists are in every financial market sector, not just crypto.  As a new market segment, crypto is indeed ripe for exploitation at present because of the lack of regulation and oversight.

However, there are plenty of legitimate endeavours being undertaken, and responsibility falls upon the investor to do their due diligent prior to investing funds.

Remember, crypto is considered a high risk investment sector, so you must understand that there is always a chance you will lose you money. 

High risk - high reward... That is the crypto game at present.

Crypto and gold are indeed different. Beginner though if you want to try and seek knowledge and experience will certainly be able to play in the world of crypto. It is indeed a scam everywhere, but the field of crypto is much more promising than gold.

First of all, crypto world is the thing that you have to learn a lot, before joining it. There are a lot of scams, yeah, but it is your opportunity to analyze. About hackers is the problem that I do not think will be solved in future. They are looking for free money and they get them also from knowledge. As you might notice, here the main thing is making researches and educating yourself.

Everything has both risks and good thing too so if you want invest on something you will need to decide and fix that you will not give up from that so it is the risk in this you can also do it simple with your patience and intelligence.

Risks are always there brother and you cant make them disappear forever but you can minimise them with critical care while surfing the online world. I mean just look for the safety features which are always mentioned for every other wallet. They are made for our security so that we can transact with ease and without compromising our wallets and stuff.

The bounties, airdrops and other time based investments are nothing but chance to get lucky and hit the best opportunity. You can increase the odds of winning good tokens or ICO's by adding more and more into your work. Thats all we can do. As of future there is nothing but same patterns of investment will be carried out.

As in everyday life, fraud is found everywhere where there is money, this can not go anywhere, but you can protect yourself as much as possible by gaining new knowledge and experience. It's the same as in normal life, so just be as alert as you are. If your activity is related to cryptocurrencies, then you need to read as many articles on network security as possible and keep an eye on the news, because scammers come up with new ways to steal your money. Most likely, we will not be able to completely get rid of fraud, because every day new schemes and tools appear. The main thing is fresh information, knowledge and experience.

I don't get the meaning of the line. What did you mean by free money? I don't have any free money, nobody gives me free money. I do hard work so that I can earn more money. From there I invest in the crypto market.
Now I take scams easily, it's a part of crypto business. I simply try to avoid anything smell scammy. We should invest in cryptocurrency very carefully.