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Title: How to spot an investment scam Post by: Nathrixxx on October 10, 2021, 08:50:38 PM Considering the extent to how Cryptocurrency investment scam is increasing daily, it is also a desiring act to raise a counter campaign against it as information gives power to direct, we all know how the experience feels like if once being a scam victim, mistakes sometimes are inevitable if knowledge is in absentia.
The aim of this is to enlighten begginers on current and future elements of scam to look in for before investing in Cryptocurrency FOCUS POINTS: investment scam warning signs Online scams Investment scam is having a deceptive mind to lure, frame lies or fake things that appear interesting to individuals or group as an opportunity to make profit from but with a contrary intention not to pay or refund the victim back both funds and earnings after due task has been rendered. it is advisable not to invest on what you're doubting about or lack the technical knowledge of, else you have reliable proves to ascertain such. we have some investment with examples such as: Cryptocurrency, forex trading, Ponzi schemes, these has the highest lead of perpetrators and victims. Quote A scam can take many forms, this could include: a fake cryptocurrency which doesn’t and won’t ever exist – for example if it’s a fake Initial Coin Offering (ICO) a bogus investment which promises to put money in a legitimate cryptocurrency a dangerous website link that then downloads malware onto your computer Companies contact you out of the blue. This could be through a cold call, text, message on social media, email or brochure. They pressure you into making a rushed decision. This could be with a limited time offer, bonus or discount if you sign up before a deadline. They call or email you repeatedly or keep you on the line. This is to try keep you engaged so they can pressure you to make a rushed decision. It seems too good to be true. The old saying rings true - if they downplay the risks but the investment is high return, it could be an investment scam. They ask you to keep the investment quiet. The scammer might tell you the investment opportunity is just for you and ask you not to tell anyone. They’re not registered on the FCA website. In the UK, a firm must be authorised and regulated by the FCA to do most financial services activities. See if they’re registered with the FCA. The FCA also has a warning list so you can check if you’re dealing with a known scam. You will likely be approached either through a cold call on your landline or mobile or via an email or text. The questionable investment could be advertised on social media or in a pamphlet. types of investment scam A totally fictitious investment which doesn’t exist. The investment exists but the scammer takes the money instead of putting it in the opportunity. The scammer pretends they’re representing a legitimate and trusted investment group, but they’re lying. source link: https://www.which.co.uk/consumer-rights/advice/how-to-spot-an-investment-scam-a7CeY6d5Luf0 Title: Re: How to spot an investment scam Post by: Husires on October 10, 2021, 09:21:20 PM Identifying scam is a thing, and losing money on high-risk investments is another.
Both lead you to lose money, but one is a loss that can be avoided if you work, and the other is a loss that can be reduced by learning. It is wrong to include cryptocurrencies with Ponzi schemes, but some cryptocurrencies have the characteristics of Ponzi schemes. The same thing for forex trading, it is not a fraud, but some of its practice without knowledge will lead you to lose your money. Title: Re: How to spot an investment scam Post by: CryptopreneurBrainboss on October 10, 2021, 09:48:54 PM I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you.
Title: Re: How to spot an investment scam Post by: Ryker1 on October 10, 2021, 10:20:37 PM Well, all quoted by OP was right.
There are too many factors to identify an investment as a scam but all you have to do here is to open your common sense and do always research. Because as of now is too hard to define a good project, there are projects that seem good to be true with a complete paper and good documents. It is really hard to distinguish the real one. But in the end, they will disappear and never come back. People should understand not all risks can be profitable enough. Title: Re: How to spot an investment scam Post by: Luzin on October 10, 2021, 10:25:59 PM From my experience, scammers provide a web address. He messaged us greeting us, asking how he was. Then in the end provide investment advice. If I am given a web I usually try to investigate the web with who.is . In addition, usually the benefits offered are strange or too large. Then offer profits in a short period of time. Indeed, many messages that come through telegram, sometimes I ignore the message.
Title: Re: How to spot an investment scam Post by: sheenshane on October 10, 2021, 11:24:30 PM It seems good to be true.
It's quite not easy to spot this kind of scam investment because it's good to be true and there are too many of them was a victim of this. They give sweet promises of a high return on your investment which is not good to put money if you will hear this kind of offer. Actually, sometimes we are only after with the possible profit that we could take, we didn't have research how legit they are and that should be the first step we must do before diving in and put your money. But yet, there's a lot of ways that you can sense it's a scam or not. Always be vigilant on having investment DYOR first before anything else. Title: Re: How to spot an investment scam Post by: GeorgeJohn on October 10, 2021, 11:44:44 PM From my experience, scammers provide a web address. He messaged us greeting us, asking how he was. Lol...bro scammers have varieties ways of trapping people, even though you spot them in order to get their strategies now, they can as well introduce a different device or method, because i noticed this people that involves in scamming just took it as profession which they only base on how to get the intelligence of people, the only way we can escape from them is to be curious about the kind of investment platforms we enroll with, and also carryout investigation before we adventure into any platform via investment.Title: Re: How to spot an investment scam Post by: Awaklara on October 11, 2021, 01:03:59 AM From my experience, scammers provide a web address. He messaged us greeting us, asking how he was. Lol...bro scammers have varieties ways of trapping people, even though you spot them in order to get their strategies now, they can as well introduce a different device or method, because i noticed this people that involves in scamming just took it as profession which they only base on how to get the intelligence of people, the only way we can escape from them is to be curious about the kind of investment platforms we enroll with, and also carryout investigation before we adventure into any platform via investment.in the same case that investing in crypto can't make rich overnight, crypto prices can change at any time and as investors of course we must have a careful plan, further research and determine investment targets (when to enter and when to exit). Also, I always avoid that if I find anything suspicious or unreasonable, I prefer not to. Because according to my instincts it's like a red flag or a (warning). Correct me if I wrong Title: Re: How to spot an investment scam Post by: tranthidung on October 11, 2021, 01:08:00 AM If you think you are not good to spot scam projects, you can do the opposite, try to find good projects.
Good projects should be sponsored or backed by good institutes, ventures, backers, sponsors. If a specific project you're considering to invest in don't have those big pluses, skip them. I mean, if a project is lack of such things, it does not mean it is a scam one but to be safe, you should not invest in. About scam project, if it is lack of such thing AND provides offer that is "Too good to be true", it's highly that it is scam project. Title: Re: How to spot an investment scam Post by: Darker45 on October 11, 2021, 02:53:24 AM It is actually easy to spot an investment scam. You only need to be skeptical and that's it.
If I were to generalize to make sure you are safe from all kinds of investment scams, I would just say, stay out of every investment opportunity offered online whether by ads, people you don't know, reviews, and so on and so forth. Just stay out, whether the ROI is too good to be true or not. Just say no to investment offers whether they came from Elon Musk, Barack Obama, Jeff Bezos, Theymos, Satoshi, and others. If you want to invest, buy Bitcoin yourself. Title: Re: How to spot an investment scam Post by: cryptoaddictchie on October 11, 2021, 03:07:35 AM If you think you are not good to spot scam projects, you can do the opposite, try to find good projects. I think this is good counter. A good project could save you from filtering those filthy scam projects. Most of the good projects with shown vivid details and potential could leave you out from being a victim of scam.Most scam projects are easily detected based on their initial set up. Team, project concept and eveb their current status could give you a hint of their agenda. Title: Re: How to spot an investment scam Post by: lovesmayfamilis on October 11, 2021, 05:11:19 AM If you think you are not good to spot scam projects, you can do the opposite, try to find good projects. I think this is good counter. A good project could save you from filtering those filthy scam projects. Most of the good projects with shown vivid details and potential could leave you out from being a victim of scam.Most scam projects are easily detected based on their initial set up. Team, project concept and eveb their current status could give you a hint of their agenda. Good. Let's assume that I don't know how to detect scams. How do you think I can find a good project? I don’t know-how, and I don’t know how to recognize fraud. Does this mean that, with my ignorance, I can confuse a bad project that makes a bright advertisement, attracts supposedly famous personalities to the team, and looks like a promising project for a good one? Better to be a skeptic, as described above. Believe in neither good nor bad promises. Investment should not be based on haste. Money can be lost very quickly, but earned for a very long time. Therefore, to become a successful investor, one must understand that the probability of losing is always greater than that of winning. And only with this approach, realizing what you can lose, you can be more careful about your investments. You don't have to be naive, believing that someone has suddenly decided to give you some of their money. Title: Re: How to spot an investment scam Post by: joniboini on October 11, 2021, 06:46:30 AM [Good. Let's assume that I don't know how to detect scams. How do you think I can find a good project? I don’t know-how, and I don’t know how to recognize fraud. Does this mean that, with my ignorance, I can confuse a bad project that makes a bright advertisement, attracts supposedly famous personalities to the team, and looks like a promising project for a good one? If we're entirely new to the game and don't know how any fraud works and how to recognize it, stepping out and learn more about the industry before doing any investment is what we should do. There's a lot of channels on Youtube covering many scams on various market, so if you don't like to read, there's still a lot of resources to use. Doing your own research on the so-called scams might help too, so you don't have to rely on somebody else to do the research for you.Title: Re: How to spot an investment scam Post by: ice18 on October 11, 2021, 07:33:58 AM Huge returns, fast ROI, anonymous teams and no known product, this are the most common things to consider because its definitely a scam. Don't just believe in huge fake payout proofs, theres no easy money in this world. Always DYOR before investing your hard earned money into something that you dont have any idea because in the end, its better to invest into small returns but legit one compare to easy money but eventually ended as scam.
Title: Re: How to spot an investment scam Post by: ifarted on October 11, 2021, 08:14:39 AM I don't have any experience yet but this is actually pretty good. Although it is hard to determine a scammer since they are very skillful like it's too good to be true but for me this thread is still helpful. It can guide users who are unexperienced like me.
When investing we should always think twice and analyze the person whom your investing for to avoid being scammed. We should not take risk because we might fall down. We should be careful and i hope on my first investing, i won't get dragged down by these filthy scammers. Title: Re: How to spot an investment scam Post by: Pmalek on October 11, 2021, 09:25:23 AM Consider any offers you read or receive online from unknown people to be a scam until proven otherwise. Congratulations! You didn't lose any money.
People are way too prone to trust others. They think if they wouldn't do anything bad, why would something bad happen to them? But that's exactly what can happen, and sometimes it does. - Don't trust companies, firms, or investment funds to invest in crypto for you. You want Bitcoin, buy it yourself. - If you are promised a fixed return on your investment, it's usually a scam. - If you can't find information on the team and a way to contact them, don't give them any money. - If it's a brand new site, don't trust it with any investments. - Use your common sense. No one has any interest in changing your life and making you rich over Telegram of Email. Don't thin they will. Title: Re: How to spot an investment scam Post by: TheNineClub on October 11, 2021, 09:48:25 AM Falling for a scam is something that can happen to any of us, no matter how much experience we have. However, what needs to be focused on is the level of involvement average new small investors have with what they invest in. Most don't take time to investigate, get to know the project, see if it's something they truly want to support. Most want to be told where to put their money and when to take it out. That's the biggest problem.
Title: Re: How to spot an investment scam Post by: Skinny48 on October 11, 2021, 11:40:41 AM What makes an investment scam attractive to victims? They are always promising too good to be true returns, and since newbies are also here to make some cash they will choose the easiest way out and that is the projects that promised high yield returns, the higher your experience the lesser you get scammed, if a newbie isn't ready to learn at first and do some research the newbie will fall more to scams
Title: Re: How to spot an investment scam Post by: Maestro75 on October 11, 2021, 02:25:09 PM it is advisable not to invest on what you're doubting about or lack the technical knowledge of, else you have reliable proves to ascertain such. If we follow that pattern it means no one would have invested in bitcoin because it was completely covered in doubt and uncertainty in its early days. Even till now some people still doubt bitcoin but that has not stopped those still doubting to invest in it. Though they just put in little cash on it. we have some investment with examples such as: Cryptocurrency, forex trading, Ponzi schemes, these has the highest lead of perpetrators and victims. Cryptocurrency is an investment Forex Trading is an investment Ponzi scheme is never an investment. It is robbing Mr A and then using his cash to make Mr B happy. At the end it crumbles. Ponzi scheme is not in the same class with the other two and should not be compared with them. Title: Re: How to spot an investment scam Post by: _BlackStar on October 11, 2021, 03:06:05 PM Cryptocurrency scams have mostly been recognized by the community because so many victims in the last 10 years. Investing in cryptocurrencies is a high-risk activity and therefore every potential investor is always advised to invest carefully and safely which they can do if they pass due diligence with various analyses. No one will be held responsible if you and I make a mistake in investing because this is my money. So do it the right and proper way as suggested by more experienced people. Especially newbie, we have a lot to learn so as not to get stuck.
Title: Re: How to spot an investment scam Post by: KingsDen on October 11, 2021, 10:28:47 PM I have learnt my lessons, though I learnt it in a hard way. Scams are very easy to avoid only if you apply the following;
1. Remove greed 2. Avoid free money, there is no free money anywhere. You must see yourself doing something intellectually or manually before you earn. Say no to send your money an errand to work for you. 3. Don't trust anyone. Just assume that any unknown person approaching you is a scammer unless proven otherwise. 4. Don't accept pressure. If $100 can give you $1000 in 2days time. It means if I want to delay till 1yr before I invest, the condition should remain same. 5. Learn to control your investment yourself. Thanks! Title: Re: How to spot an investment scam Post by: cryptoaddictchie on October 12, 2021, 02:37:50 AM You don't have to be naive, believing that someone has suddenly decided to give you some of their money. Its kinda hard to approach projects actually, so my suggestion is more of a path where someone can only look on the bright side. Of course we do need to be cautious, hence its part of our due diligence to identify those scam projects, why waste time on finding scams instead doing a good research for potential ones. If you are investor, then youre looking for gems, Im sure youll so everything to find a legit one instead looking for a potential project right. Anyway, Im more on looking on something I will invest not a scam one that I will easte time to avoid too. Title: Re: How to spot an investment scam Post by: Cookdata on October 15, 2021, 05:54:38 AM Scams are simple to avoid, and the best and safest way to do it is to keep your eyes off quick money. Quick money will not only get you into trouble, but it will also make you lazy and unwilling to do your own investigation.
Title: Re: How to spot an investment scam Post by: john_nautica on October 15, 2021, 08:02:19 AM You will not be able to spot them easily. You need to understand first what is the project and how does it work, of course they should have a whitepaper where all the details about the project is included and as an investor you need to understand those and by reading it alone you will see how the investment works, what happened to their end and of course you will find some shady or skeptical things and if they have those things they are not yet a scam but a skeptical one and should stay away from it as soon as possible.
It's better to stay away to some skeptical investment project rather than wait for it to become a scam. Title: Re: How to spot an investment scam Post by: vanessacummings on October 15, 2021, 09:26:25 AM The best way to stay out of scams is to have only legit connections. Scammers usually reach out to their targets through ads, reviews, and tempting yet unexpected offers. As a trader, you need to know what is too good to be true. And always consult someone who has knowledge in trading.
Title: Re: How to spot an investment scam Post by: Bollexz1 on October 15, 2021, 09:47:30 AM Matter of fact, scam offers the highest ROI, the type of ROI that gives doubt, and that's basically ponzi. Learn to fight your greed and always DYOR to the extent of clearing your doubt before putting your money on any project.
Title: Re: How to spot an investment scam Post by: tvplus006 on October 15, 2021, 11:10:04 AM Matter of fact, scam offers the highest ROI, the type of ROI that gives doubt, and that's basically ponzi. Learn to fight your greed and always DYOR to the extent of clearing your doubt before putting your money on any project. Now the scammers have become more sophisticated. Yes, now many ponzi schemes are veiled under projects that provide liquidity with their high interest rates. And most often, a coin is used for settlements with investors, which depreciates at a high rate, and the profit received from farming does not cover losses. Title: Re: How to spot an investment scam Post by: Eureka_07 on October 15, 2021, 01:41:20 PM I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you. I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again. Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing. Title: Re: How to spot an investment scam Post by: Taskford on October 15, 2021, 11:08:50 PM I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you. I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again. Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing. Most of those scams offered a to good to be true profits nor saying you can earn forever with them and its so shady for seeing this since we can determine that this is a red flag already. And we need to avoid any such of those and always verify on what is the source of their payout and to see if they are sustainable, if they are paying thru the new payments of their investors then its a ponzi scheme then we should avoid it since its automatic scam. Title: Re: How to spot an investment scam Post by: Piggymonster on October 16, 2021, 06:25:46 PM I don't have any experience yet but this is actually pretty good. Although it is hard to determine a scammer since they are very skillful like it's too good to be true but for me this thread is still helpful. It can guide users who are unexperienced like me. When investing we should always think twice and analyze the person whom your investing for to avoid being scammed. We should not take risk because we might fall down. We should be careful and i hope on my first investing, i won't get dragged down by these filthy scammers. There was a time I tend to skip the "analyze the person whom your investing" part specially it was my sister and close cousin whom i was dealing with. I fully trust them that they won't let me down and guess what, they let me put up money to an investment scam. Lesson learned, always be skeptical, even it comes from family, always do your own research. If it seems to good to be true, then beware. It is surely a scam. Title: Re: How to spot an investment scam Post by: The Cryptovator on October 16, 2021, 06:39:18 PM I have said it many times we can prevent and spot scam just by using our common senses. It is not really a hard task to sport basic scams because they all are like high returns, double money, and free giveaways. So here is common sense to detect it. A few scams need to be detected by experience and skill as well. For example ICO scam, you need to have the skill to detect such as scams and this is not an easy task at all. At the beginning at least we have to avoid basics scam and day by day we can improve ourself to prevent big scams.
Title: Re: How to spot an investment scam Post by: Piggymonster on October 16, 2021, 07:25:14 PM I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you. I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again. Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing. The widespread use of social media gives opportunities for criminals to to do their dirty work because they can hide their true identity. From my experience, I got a lot of offers in telegram to invest in their company and promises higher returns. Some will ask my wallet ID and they will do the trading and will return my money after 24 hours plus profits. They keep on calling and it is so annoying. The people who makes promises are scammers so careful on that. Just do your own research and think a million times before investing. Title: Re: How to spot an investment scam Post by: TimeTeller on October 16, 2021, 07:49:44 PM I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you. I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again. Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing. The widespread use of social media gives opportunities for criminals to to do their dirty work because they can hide their true identity. From my experience, I got a lot of offers in telegram to invest in their company and promises higher returns. Some will ask my wallet ID and they will do the trading and will return my money after 24 hours plus profits. They keep on calling and it is so annoying. The people who makes promises are scammers so careful on that. Just do your own research and think a million times before investing. You can always block those persons or report as spammer if you want them to stop bothering you. Don't be tempted with high returns because more than likely, it is just a bait. This is the reason why a lot of newcomers are being screwed because they are after for quick gains. But they ended up losing funds because they are investing either on scam or ponzi scheme project. Also, make sure to do a quick search because if the project is a scam, there will always feedback (negative) that you can read about them. Title: Re: How to spot an investment scam Post by: Coyster on October 16, 2021, 10:10:44 PM The best way to stay out of scams is to have only legit connections. Scammers usually reach out to their targets through ads, reviews, and tempting yet unexpected offers. As a trader, you need to know what is too good to be true. And always consult someone who has knowledge in trading. The thing is, you prolly don't need any "connections" or so called "trading experts" to avoid being scammed, on the contrary, people have been scammed through acquaintance they made on the network, cause if you're not careful about the personal information you give out, notwithstanding how legit the acquaintance seems to be, then sooner or later, you'll run into scammers and lose your funds to them.Having said that, in my opinion, what remains the best way to avoid being scammed is to do your own research into what the modus operandi of scammers in the network is, thus you'll be able to identify when scammers are trying to use it on you, you'd also have to keep your avarice in check, and also understand that really the things that look too good to be true is indeed untrue. Title: Re: How to spot an investment scam Post by: Peanutswar on October 17, 2021, 11:58:53 AM Investment scams mostly favourite those taglines like they
Many people getting baited even though its already a trap or scams still the best idea is to keep ourselves and others aware of the possible different scams. We can see them like earning now but as long they already get the amount they got they can now disable their platform easily. |