Bitcoin Forum

Do you think it is possible to completely get rid of scams?

Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?

What do you think, is it possible to somehow get rid of scams among crypto projects?

How come when I buy meta 1500000, after succeed pancakeswap only give me 1320000

Some of the shit coin they can alter the coin in transaction ?

Getting rid scam is highly impossible. But prevention can do the trick. Many newbies are getting scammed so how do you plan to help them out. Complete guidance, reminder and all warnings. We can do that here in forum, the problem is those people arent paying attention on the details and somehow they take that for granted and ending up losing funds.

I think only in an ideal world, I also think that a decline in different areas is possible, since the most profitable fraud is in what is most popular, in the case of crypto, I believe that it has not even reached its peak yet

No, it won't help. Just like Icobench and other 'rating' platform. There's no one-for-all solution for this, you just need to keep your due diligence in check. Even if the platform does work, it shows that you still rely on another party to decide which one is 'legit' and not, which is definitely not ideal. Say, it works for a year or so, but then they decide to go full cash grab by recommending dubious project. You'll end up losing money too.

Its so easy to prevent, just always keep in mind to always make research if someone offer you something around the internet or you need something especially when it comes buying stuff and etc. Be aware! Specific information is a must wherein never trust anyone remember that. . Don't easily fall to anything such what you see around the internet because that's how its start or should i say most common mistake of newbies..  So be smart or stay away instead for your safety.

It's not as if they're shitcoins or projects. It happens that way because there's always slippage set on every project on pancakeswap, whether you're selling or buying. Some of these tokens have slippage as high as 12% when you're selling but they keep some of them as low as 0.05 when you're buying. It's crazy, I know but it's a way of getting commission out of trades. Sometimes I feel shortchanged when I do trades there. But it's a Dex and I'm sure every tokens I have there are entirely mine and can't be tampered with from the outside.

I am sure the value of the meta token will be very less and when you buy it on the pancakeswap, it will detect some fee in the form of slippage charges and you will get less quantity of coins. So you cannot consider this as a scam.

Yes, projects are made to scam people and common example of those are rug pulling or removing the liquidity. Too many unlocked token with the development team and project owners is another way of scam as they can dump on us anytime.

Of course, platforms to verify projects can help, but the verification process itself will take time and won't be 100% correct either. So I don't think you can get rid of scam completely, but it could be worth the effort to reduce their numbers.

Only carefully investing in any project can help you get rid of scams because it will not be easy to put your money into any project before you know more about it. It could be possible to get rid of many scams using that project but I doubt that they can know which project will scam you as it is hard to detect the scam and the real projects. The scammers are too smart to get your money and they can run away with your money without you realize.

No, it's not possible to completely get rid of scams, that's part of the risk when you are investing as they could look legit during the crowd sale but we never know what they would do after they collect the amount they needed to start the project.

The thing is, crypto is a high risk market, so even if you are too careful, you cannot perfectly choose to invest on legit projects only, that's why you also need to learn how to manage the risk and that is by diversifying your investments.

Yes you're right. eliminating scammers is highly unlikely, but preventing them is something that can be done. everything you say can be done in this forum, it's just that many of them are not thorough and easy to believe. this is very difficult to overcome, because almost 90% of scammer victims are those who are newbies and don't know much about crypto. if only newbies don't trust easily and want to find out in more detail, all this can be done easily.

It's not possible. The scammers will always exist forever. You didn't even know how much scammers that exist in the crypto market these days. This is an impossible thing to happen. If we can do that and we have been wiped out all of these scammers but we can't.


I got your point, you want people to talk about check dot. The more thread you created with your accounts and people will have bad impression with your check dot project. I have been seeing so many new threads being created as for promotional thread for check dot. This is horrible. You were destroying the reputation of your project indirectly. You were spamming it anywhere and that proves that if your project called check dot has bad reputation.

Honest answer, yes! I have been investing in cryptocurrencies since 2011 and I have never been a victim of scams*. For one very simple reason: before I invest, I look closely at the projects and do not believe promises made by others.
* This refers to projects in which I have invested money. However, especially in 2017 I have received some bounties that turned out to be scams afterwards. But here I have not lost money, but only a little time.

Wow, that's impressive, maybe I should give more time making research because I sometimes became a victim of scams. About bounties, yes, 2017 until early 2018 was the year where bounty hunting was really profitable, and just like yours, I also ended losing some of my rewards as they never recover after a long bear market, in fact until now they are just sitting in my wallet.

I don't think that scammers will cease their occupation as it can be very profitable I think. So we should be very careful when investing and investigate projects. I think that checkdot will be a good platform to get to know about different projects and decrease your losses, but still it can't  completely shield us from scams, as it will accumulate information picked up by people, so I think that it will not be very much information about unpopular and new projects.

Not investing in new projects is like avoiding scams. If you only invest in projects that are already listed and you just wait for thier dips I guess that's safer than joining the ICOs.  But if you are up to playing being one of the early birds in investing in new projects in hopes to make money, it could backfire like the ones who did with Squid tokens.

I was one of those who send ETH during 2017. Although I don't really spend a huge amount, the ETH that I have sent may be more today in short I was still scammed.
SO trusting because the team has been interviewed on youtube channel, I didn;t expect they are that bold in scaming investors.

The idea of the CheckDot platform is unique and I hope that it will be a deterrent weapon to protect us from scams I think it will reduce scams but not by 100%. Scammers may provide false positive opinions about a scam project to deceive the crypto community, so we have to do our research in addition to relying on this wonderful platform Which will help us see people's opinions and hidden information about any project.

We cannot get rid of scams, because the traps of scammers are many and they don't end, so any investor must be smart and vigilant about his investment in a project and not rush to choose a project without studying it well and seeing people's opinions about this project.

As for me, it isn't possible but you could always find ways to get rid of it. Doing a series of research would be an advantage and being observant and skeptical has an edge. Just keep in mind that not everything that we read on the internet about a certain coin is true so doing follow-up research is still necessary.

However, we must be careful in reading the information about coins because not everything on the internet is true,
doing research will always be important even if it takes time,
The most important thing is that we must be able to sort out which is credible information and which is hoax information

I usually report this thread because this is a soft shill for Checkdot project but I don't to reduce my report accuracy so I will just leave a comment here. The OP or the PR team of that project should just create there ANN thread and post this kind of discussion there. This is very unfair to other project that limiting there announcement or discussion on a single thread. I observe that many newbies are doing this indirect shilling since last week. I admit that this is a good strategy but this unfair by tricking user by introducing a topic related to the project then shill the project like they really don't know what's they are doing. I'm starting to doubt about the credibility of this project for doing such a cheap trick.

Its impossible to get rid of scam projects even I never heard about checkdot project. It depends on your experience and knowledge to avoid getting scammed to some extent but one can not be always right to choose the project. We all learn by experience and by devoting time in the crypto market even we all have mindset that some of project will end up as a scam and most of us are always prepare for this but sometime we can understand by studying the project details or by reading whitepaper even some project don't have their whitepaper I don't believe in such projects so always do some research before investing if you find anything dicey don't buy or invest.

well therefore we prevent others from being scammed with by discussing each other in forums and exchanging information and researching each other then scammed can be avoid ,scammer is a smart person also they are smarter in making their project display like real so sometimes it's really hard to check personally

There's a way to avoid all scam. You just need to invest only on those project that is proven legit and never risk and tempted to invest on shady startup project that promising a too good to be true goal. Not to brag but I never got scam by those shady project investment scheme since I never invest on ICO unless they are backed by well known trusted project like Binance.

The common problem of newbie trader on why they are keep being scam is because they are greedy and choose to risk on shady mediocre project just because someone they know or they saw a famous influencer promoting this project that promise astronomical profit if they invest.

Experience always teaches you many things and it is a very good teacher for everyone because everyone has different experiences in his life so whatever new thing you see, you must first check it very well.

It is impossible to avoid all scams even if you have a lot of experience. Yeah there are signs that you can tell that some projects will become a scam but avoiding it all costs is not so easy as you might think. It is not because a projects is listed on Binance that it is legit. They already listed multiple projects that later on became a scam.

Cryptocurrency is very unstable, and many trading platforms available today are not quite well-established. Many exchanges don't provide any insurance, so you can lose all your money.
In the midst of the increasingly popular Bitcoin and other crypto assets, crypto scam or fraud mode became increasingly widespread.
Not a few people are victims of fraud.
Many kinds of fraud mode carried out by fraudsters include phishing, exchange that has not been regulated and so on.
So before you register with any Exchange Crypto, you must read their terms and conditions carefully.

Its possible to avoid scams if you are buying only very strong projects that have history, big teams, already billions $ of marketcap etc.
Its impossible to avoid it if you wanna be an early adopter and searching lowcaps to invest. Thats way diversification is so important.

I don't think it is possible at once. Because there are some people who do not do any good deeds and just go to bad deeds. There are good people among us as bad as there are. So some people are busy planning to scam them in their head. They also use the update method as everything is updated Only our own research and caution can protect them from them.

Even with a system like CheckDot has it i think you can never be 100% safe of scams in the crypto world. You could just buy a positive assessment on CheckDot for example, of course this would mean that some team member of CheckDot would have to be acting illegally but that can happen too. I would say if you want to be as safe from scams and rug pulls as possible then you should probably only invest into already established and big projects like Bitcoin and Ethereum as there won't be any rugpull ever anymore. And of course the first rule for investing into crypto is always: Only invest money that you can afford to lose.

Crypto market is full of scams and irony is that there is no absolute method to avoid these scams. We can minimize the risk of getting scammed by doing research (very serious type), there is no other method. Even there are people who invested in projects after doing weeks of research and the project turned out to be a scam. You can read or post about the coin you want to invest in here, read what senior members say about that.

I really hope there is a platform or project to certify a project, because if a new project runs and gets the certification,
I'm sure it will make investors enter easily, for now I still appreciate what Certik has done, it's amazing.
but unfortunately certik only certifies or audits the supply of the token.

You can avoid scam projects by searching on the project you want to invest a trusted team is a good way to tell if the project is legit

Unless and until it is a government body you cannot trust these certification body as well. In the past there are plenty of review sites and initially i thought they are reviewing the project and the team before vouching for them, but that was not the case, they pay them handsomely to advertise their project and they shill the project and after raising millions they would run away with the money.

There is nothing much you can do to avoid the scams in the cryptocurrency space. Invest in the team that are willing to conduct live video AMA and if you are transparent then you can invest in them.

Not possible to get rid of scams in crypto space. Recently one project scammed a lot of investors although project was having solid concept and did the kyc. But team just deleted all social medias and disappeared after collecting million dollars. Not only this, many successful projects also rugged pull after doing IDO. So none knows when team will rug pull the project.

Crypto market scams will always be inevitable and so there are still no perfect ways on how to combat them, we just need to do more diligence in making researches because its the best way so we can prevent from being scam. But there are still instances that even how well you prepared for that project and even have sleepless nights from doing researches, but at the end of the day, the project just only happen to be a scam. Maybe let's just accept the fact that scamming will be here for a lifetime, and so we need extra efforts to avoid scams as much as we want to.

Yes and no, if you take the safest approach which is to invest only in bitcoin and then when the moment comes for you to use a service like and exchange, casino or some other service you do your due diligence, I will say that your chances of reducing the number of scams to a minimum and be close to zero are very high, however if you want to invest in unknown altcoins and use new services without a reputation then even if you do your due diligence and use external review sites then this is not something you can do, as the number of scams in this market is huge.

Yea, it is maybe an engaging strategy, but it's far to be called a good strategy. The project makes me irritate, honestly. The idea sucks and it won't stand a chance nor scale further. I tricked on another post, I thought that the user genuinely asking, but they are all shilling it.

Some might argue that there is no bad publicity, but the way the so-called-preventing-scams project, using the marketing campaign who is like most of the known shitcoins and scams project, really tells what is the project all about.

This kind of thing is impossible to do. after all, fraud and cases of theft will continue to exist forever because this is something that will exist because of human nature.
as long as they are greedy and evil things like this will continue to exist.
on the other hand human attitudes like this will always exist.
maybe for someone who wants to change, they can certainly but on the other hand there is a proverb that says one dies grows a thousand and things like this also apply here, those who are eradicated by one person will come another scammers.

what kind of assessment do you mean?
there are so many sites that judge blockchain or cryptocurrency projects, but they only judge based on the completeness of project, team, and other information. however, there is still huge potential to be a scam. even, looking back at some projects, such as Centra, even those projects have been successful. however, due to some irresponsible people, the project is now labeled as a scam project.
What I mean to say is, it's very difficult to get rid of scammers or avoid them if these people have real intentions to scam their investors. the only thing that can minimize this is to find out in-depth information about the project with the standards we have. You can use information sites about crypto to see their social media, white papers, and more. read it, find out for yourself about how active the team is in developing the project.

Scams have been in existence for ages before the creation of bitcoin. It's quite unfortunate that we find ourselves among scammers duping us of our hard earn money in the crypto sphere. As it stands now there's nothing no one can do to get rid of scammers cos they do operate in different forms, promising good fortune to their investors which will end up being a scam.
The best and only way to follow them is to report them when you see one. By so doing we'll be able to reduce the number of people that will fall into their fraudulent acts in crypto.

I will be honest and as a newbie in the past I had been scammed a few times too and I must say that all you newbies are really lucky.
You people have all the information that is needed to prevent yourself from being scammed but back in those days falling prey to a scam was really easy.
I have learnt from my experience and was never scammed from the past 4 years. We can prevent ourself from getting scammed by taking the necessary security measures.
There are many types of scams happening every week, try to read about it and find out how scammers scam the people.
Learn from the mistakes of others and it will help you from getting scammed.

Scammers are everywhere in the community but there are some ways to avoid them and also to identify them in any particular environment. The best way to avoid them is to be more active in the forum information, so that you can get all the information you need to avoid scam in the community.  Never you run after cheap things in the community because those are the things scammers use to scam altcoin investors and also to reduce them in profit making. Always make your personal research before approaching any projects because there are some fake projects in the market .
Always listen to your facilitators in the community for you to be free from  scammers in the market.

No you can not avoid all scams because there is high risk when investing in cryptocurrency or the project like some of the projects looks legit but end it up scam. The scammers are smart now so you must be careful when investing the project, just carefully research the project so you will not losing money easily.

I suggest not buying random coins because we can be tricked by coins that give false hope that their coins will go very high. Before buying coins, we better go to their website so we can get clearer information about their project. In addition we also have to look at their social media, from their social media we can get information from their followers whether many recommend that the coin is very good or not.

Scammers are everywhere, even there's a project that will introduce this kind of features scammer will simply find ways.

Admit it, they are also reading and doing their own research, they are better in finding the suitable ways to attract and allure their targets,
it's better to keep digging and make sure to investigate before your invest your money to any available prospect that you have in mind.

taking your time is your number one tool, it will save your butt with the scammers.

Perhaps the most basic question is can the CheckDot site be trusted? The extent to which the role and function of their team in assessing a project. Are they almost the same as the SEC in auditing crypto? Because previously there were sites that gave ratings to new projects, and we choose the best rating with a verified team, but in the end, there were also scams.

It is possible if you stick to well recognized and most valued projects. Unfortunately, most of us are blinded by the huge gains of shitcoins and become easy target for scammers, but if you are not too greedy, you will be able to avoid unreal promises and stick to top gems which have a solid team behind who doesnt hide behind anonymity.   

Rather than being alone, having this kind of services to help us to find out scams definitely a good thing to have in this crypto space because each and every day we need to face lots of scam attempts and just by ignoring alone lots of people are protecting themselves. But, if you turn greedy then definitely you will end up got cheating/hacked. So, I have to appreciate your efforts heading up about this service.

Still, just by checking with this website alone will not protect us completely. We need to learn how usually scams are happening and how to spot out it and how to ignore it. Because, only self awareness alone I will help anyone at any kind of situations because no website will be capable of covering all type of scam attempts.

nope.
people always have one experience about scam, it can be good experience because the best teacher is experience. people need to know how it feel, loss fund because of scam. people will get from investing, new ICO, or doing task from new ICO, or the other site.
scammer have power to make you trust more and more, so you will be attracted by their word

I wouldn't go as far as "easy". You need to be aware of LOTS of things and even if you are aware of most tricks, you are still in a risk of trusted third parties getting hacked or exit scamming, your accounts hacked and numerous ways people will try to social engineer your keys.

But there's one good rule. If something is too good to be true, someone is most likely scamming you.

Can you also depend on that whatever platform you mentioned to avoid scams? Such platforms won't guarantee you that they can just "assess" a project head on.
Why depend on another project when can you just assess it by your own?

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I recall OP mentioning CheckDot project quite few times now from his other post history.

It is possible if most of us are educated about what scams are. But there will always be the newbies that are not aware of it and just learning the process through their experience.
But as talking about the possibility that all of us of being literate about determining the scams then it's a no. We need to be the majority to deal and tackle about knowing the scams so everyone can avoid it.

I think it's possible to be safe from scams if you don't talk to strangers online, don't access unfamiliar websites, don't reply to unfamiliar emails, don't install unfamiliar software. Safety in the online world depends entirely on yourself, The smarter you are, the safer you will be.. Most of the scams are due to greed, so it is possible to be safe from scams by controlling greed and focusing on reality.

Getting rid of scams is possible. For the same you need to be highly systematic. You should not allow people to follow you, and if someone looks to be a scammer just open it silently, so that the news can spread easily. Scams too have everything in a perfect manner which won't initiate any doubt. It is our responsibility to stay safe in all possible ways.

The short answer: of course is that scams cannot be avoided. Wherever there is money, scams take place (unfortunately, such things happen even in families).
In my experience, I know that the more clearly a project tries to prove that it is not a scam, the more suspicious it is, so I will stay away from the project you are talking about.

Every investment will always involve risks and one of the most common risks that happen is this scam. Many scam projects are always coming up in order to scam and deceive people commonly with greediness and newbies to be trapped in the scam circle.
Btw, we cannot stop scam projects because this may be one of the most alluring and worthy world done by those scammers or robbers in this case.
We cannot control the people n the world to do or not do something moreover in this crypto world, there is no organization or specific rules about this.
But, we can avoid being scammed y being more and more careful, smarter, and also not hyped from new projects or investment that seem very worthy over and over

When I first started it was such a horrible situation that we literally would get scammed on our very first day. It was a very wild west type of place where everyone would scam everyone and nobody would be able to do anything. Right now the laws are better, the information is better, sharing who is dangerous and what type of scams are out there and many other things are out there.

It is a lot harder to get scammed but nowadays people are getting scammed collectively a lot more, and the amount is a lot more as well. Back in the day when even the biggest mt.gox happened the dollar amount wasn't as huge as some of the scams that happened recently, I have seen as high as 1 billion dollars for a scam, so individual ones are getting fewer but collective ones are increasing.

Many novices will be deceived because they are inexperienced. But there are also many experienced people who are deceived, because people are greedy by nature, they will confidently think that no one can deceive them, and some scammer projects will be very mature, so that people can't see the goodness of this project. Bad. Many people believe it and lose their money. We can only be more careful when investing and don't trust anyone lightly. Don't be too greedy.

Well, no one is excused from scams. Although its more visible for those novices, but its also prone to happen even with those early investors in cryptocurrency. No matter how careful or vigilant you are in your investments, there are really those times that we got scam without it knowing. Maybe greed is also a big factor too since we always long for more profits so we end up investing in those projects that offer higher profits compared to those legit ones. And being overconfident too in our own accounts that sometimes we tend to forget how to be responsible in securing the safety of our own accounts and so we end up being scammed again.

Maybe let's just accept the fact that no one can't get rid of those scams happening all over again. But we can prevent it from occurring so often so we won't always be losing our funds.

Not also greedy but trusting people that is why those experience one get scammed because they listen to the people that they trust to do this or invest to this and that. It is really difficult to avoid scams if you dont do research thats why almost all of us saying that we should do our research before investing since it could detect a potential project or avoid it since we done our research . Experience will follow over that time. The key is to find valuable information about that project

I think that is impossible to avoid every scam. Scammers are to creative, people are too greedy. One can not exist without other. One spawn other. But the only possible way to avoid being scammed is not to use cryptocurrency at all.

You can analyze project million times., you can do as much research as you want, you can examine team, whitepaper as much as you like. If the project wants to scam people, they will find the way to do it.

The best and the most effective way not to be scammed while playing in the lucrative cryptocurrency industry is to never be involved here. There is just no way to 100% determine if a project can be a scam or not though of course there are ways to minimize your possible exposure to them. And yes one can subscribe to an assessment system if what you are involved with can possibly just evaporate and run away with your money. Scams are always present in any industry and what we are seeing here in the crypto industry is a great explosion of them all because it is now so easy to make a project, pretend to be legit and fool people over and over again.

According to the theory of probability, to exclude the likelihood is already being held hostage to someone's beliefs. Anything can happen, but at the moment the prerequisites for such a probability are extremely small. I think that without a strong informational occasion, it will be impossible to create a wave of ruin.

exactly, we can do prevention with several ways. this is just a basic ways,


Individual:
- Don't believe in investment offers from strangers
- Don't believe in doubling money
- Do not believe if they offer help let alone ask for a private key.

Project:
- Choose IDO/IFO/ICO projects on a trusted platform and have a project portfolio with strict conditions
- Avoiding APE in anonymous projects
- Avoid influencers you never know in real life

Exchanges:
- Use the exchange that is used the most by people around you, that's enough. don't make too many exchange accounts. because you indirectly reveal your identity in various places.

Currently there are too many scam projects, even they are officially registered on coinmarketcap to exchanges such as Pancake Swap, of course it is difficult for us to avoid all scam projects and I have often been scammed from new projects, usually they pump high and then they slowly sell the coins or tokens they get have and immediately leave when it is no longer valuable.

Actually, there are a lot of platforms in crypto that might help people or investors to somehow avoid scam or limit the chances of being scammed by analyzing the source code or the solidity code of a certain token. Most of them are like platforms that gives certification or auditing platforms, launchpads and etc., that truly evaluates the chances of a certain project to be a legitimate one.

But still there is no guarantee about that matter. You still must do your own research to avoid scam. You should not fully rely on platforms I have mentioned because there are still times where the devs. are pros to the point that they can manipulate the contract and gain access on it. And no one can really tell who can and who can't do such things. But online platforms that analyze the tokens really are a big help, especially those who are well known by crypto investors.

So to answer the question, yes it is, through the help of all available platforms online and with your proper research you can avoid scam.

And I think the main reason why people are being scammed is because, they choose to get scammed. Not doing proper research, taking risk on projects even if they already knew in the first place that there is a high chances the devs. might run away. One example are people investing on memes, with no real usecase and anonymous team.

No one can predict the course of a coin if influential people have spoken. just like Dogecoi.was exposed years ago, this coin is underrated. but what happens now? everyone wants to have it. so is the case with Shiba. who will know about the fate of this coin

A lot of people do not understand the amount of research they need to do and that is why there is a big problem with the research problem. There is a good chance that we are talking about probably at least a week of researching something before you should join it, you need to know every single detail about it and that's how you make a profit.

However a lot of people check the website, check twitter, check telegram of it, ask a few people and then jump into things and call it a research. You are right that with right tools they could definitely invest into things but that doesn't change the fact that they are not using it right, even though they have those tools, they end up just looking at things for a few hours, maybe 1 day max and then they invest into them.

the best way to stay away from scam is to invest only on BTC and ethereum. you can also choose the first 100 tokens on popular major crypto websites. that is the only way to stay off scam tokens. apart from that, the market is fill shit tokens waiting for your money. over 70% of the crypto market Is saturated with scam tokens. always do your research before investing.

To avoid scams is a difficult thing, but we can minimize the chance to be scammed. Scammers are getting smarter, they make their projects look promising. So, we are a bit hard to differentiate between real projects and fake projects. However, there should be a way to know the fake projects. By learning the projects in detail, we can check some indicators to ensure whether it is a real one, not.

We can't really avoid seeing scam projects but that's right, you can minimize or avoid yourself by being scammed.
I guess, a lot of us at one point has been screwed by a project. Even if they are not scam, either they are not successful with their goals or they just stop the project.
So venturing into new projects is really a high risk. But if you want a better assurance, you can always look at the established coins with active application.
If by chance, you happen to encounter a new project using fake profiles. That is definitely a red flag in my opinion. Better stay away from this project.

So is CheckDot another token/cryptocurrency which investigates if a project is a scam or not? The project itself sounds like a scam project to be honest (no surprised they are on BSC). How are they going to verify if a project is a scam or not? Why do we even need them? If someone is investing in a project, he should do his own research and see if there are any red flags or not. And then there are also many auditing services that let you know if a project is going to be legit or likely going to scam everyone.
And no. No projects will be able to get rid of scams. Scams are here to stay. You just have to be careful.

Use your brain.  If something sounds too good to be true then it is!  Greed is the reason people get scammed.  Greed has been around forever and so will scams preying on Greed.  So the answer is no but you can avoid them by just not being naive.  Use your head.

It is absolutely impossible to get rid of scammer in cryptocurrency, they continue to grow like parasites that unsettle crypto user. They always promise high returns and unrealistic lure are still their weapon, and will usually end in the loss of investor funds.

Traders should already know how to avoid cryptocurrency scam. The two things that cause many people to be deceived are ignorance and greed. Investors must be selective in distinguishing which investment programs are valid, and schemes that smell like scam. An alternative way to avoid scammer is to know the proper initial steps.

Since October I invested around $800 to buy new listed coins, unfortunately many of the new listed coins that I bought now dropped and I lost more than 75%, this is of course an important lesson that we shouldn't be too easy to buy coins because many are scams even though Initially the pump was big.

a lot of people are discussing it because a lot of people are very annoyed with scammers. well, it's a digital crime, so I think it's also always evolving and adapting to current circumstances. So, people ask how to get rid of it.
however, the most effective way to get rid of it is to improve our quality as potential investors. that way, we can choose a more convincing investment than choosing a potential scammer. although that's not 100% getting rid of it, but I think, for yourself, you are more likely to choose a project that actually develops the project over a scammer.
however, getting rid of a scammer is to find an oddity in the project and share information about it on this forum, or on social media. that way I think the scammer will disappear. although that doesn't guarantee whether they will come back or not.

No! Because there are many types of scams you can't think or even predict methods of scams. Scamers are expert to make new ideas and ways to scam innocent people. If you make fail one scam they use another method or its going on...

Crypto scammers do not have a permanent job other than thinking of new ideas to deceive people and also creating new ways so that they can freely carry out their work in the crypto space without guilt.

In order not to be trapped by a scam project, it can actually be minimized, although it cannot be completely avoided, but taking anticipatory steps is much better. Even experienced investors can be fooled. Usually, many scam projects promise lucrative profits, so don't be easily influenced. continue to investigate whether the project and the team's performance are developing in a healthier direction or not. if not then better leave it alone.

You are right, scandalous projects promise good lucrative profits, which is enough to fool even the experienced ones. So to avoid scam projects we must analyze the project well before investing.

It is impossible to get rid of scam but it is possible to avoid scam projects. The flip to that avoidance is the limited opportunities! The bigger the risk, the bigger the reward! If you limit yourself only to bitcoin and other established altcoin, you may notake more money in cryptocurrency or the time at which you get return on your investment will be long!

Avoiding it is rather easy to be honest, you just dont invest into something that offer unrealistic return of investment because thats what they usually use to try lure greedy victims into their hand and rob them off their money.The reason why so many has fallen to become victims of unrealistic investment is because the victims themselves also gets too greedy that they can’t think rationally and started to invest randomly and as a result most of their investment become a big failure because they always try to get the biggest return of investment while we all know that such investment usually is out of logic and is simply just a dream. If any, it’s just those scammers.Only invest in a legitimate tokens or coins so that your investment will be safe, its better to get lower ROI than losing all of your money.

we can't avoid them but not stop scammers as they still find a way to succeed. if we are too careless and do not even help ourselves to do research before investing or that because someone suggested, I can really imagine of losing.

Honestly, I was not familiar with this project but I have no intention to dig this deeper just to know if that is a legit or a scam thing. You have to check this thoroughly and don't get tempted with a huge offer because this is the common market offer that scammers do in order to attract investors.

You can not avoid scam, it will happen to you soon or later. I was very be careful and I got scam twice and lost couple of Ether because of that. So i know lots of people face same problem with crypto, it mostly because those coin creator can easily hide their identification. so none will be able to catch them.

What do you expect from shitcoin. New coins listed are not yet fully tested in the market, so the risk is very high. Greed and ignorance can make a person lose everything. Now how do you feel after losing 3/4 of the value of your investment. To avoid the risk of loss, you can invest in coins that perform well over time.

There is no single solution to this, you just have to maintain your due diligence.  Even if the platform works, it shows that you still rely on the other party to decide which is 'valid' and which is not, which is certainly not the norm.  Getting rid of scams is extremely impossible.  But prevention strategies can.  Many newcomers are being cheated so how do you plan to help them.  Complete guidelines, reminders and all warnings.

I do agree that if something sounds too good to be true then usually it is just a pure scam. I agree that there is a good chance that all those big name high level things end up not being such a huge deal back in the day, so it is clear that it doesn't have to look great, it needs to just look like it has potential and it is being worked on and if it is worked on decently then I would have to imagine that something should look like it is a big work in order for it to be good.

Think about it this way, ADA is very long term thing and when it first started it didn't look like there is nothing happened for years, then we end up with something that is great for a while, why? Because it was something that is risky at first and it was a big problem if they failed doing something then it wouldn't even be here and it would fail long time ago however it didn't pan out that way and they actually made it work for something.

I think it's impossible to get rid of a project that is likely to deceive a lot of participants because we don't have the capacity. but to avoid fraud I think there are still many ways, namely by analyzing a project and doing further research.
The point is that every project that deceives many participants should be reported to the rightful party (the moderator) in this forum.

Yes if all of the investors will not let themselves to get scam.
Unfortunately, this will just happen in our dreams because there will always be investors who will fall into different types of scams.

Well, this thread is just an advertisement thread after all :D.
Getting rid of scams in crypto space isn't impossible but with what we are seeing, I don't think that it will happen and many are thinking of that too.
Scams will always be there whatever happens. On the other hand though, scams will be eradicated if "all" of the investors will not fall into scams. I quoted all because I want to emphasize that all of us must learn and research before investing in order for us to not fall into the scams out there.

it is impossible but i will advise having separate wallets. you can create a special wallet for holding ethereum and tokens you trust that will do well. this is my suggestion. try as much as possible to have a wallet that does not interact with dapps. a wallet for storing long term projects. for all chains. for whatever platform you have your funds inside. make sure you have separate accounts.

It's very difficult to distinguish which projects are real and scams, I've tried my best to invest in promising projects, but still get scammed, I think this is a risk, an opportunity for big profits if you meet a good project, there will always be a scam project.

In my opinion, it is very difficult and problematic to get rid of scammers, since the world of the cryptoindustry is very large and every day a lot of projects enter the market. And it is very difficult to track them down for fraud. So for the future, you can only be very careful and in order to participate in any project you need to fully study all the information and only then make a decision to participate.

As long as investors are not fully equipped with knowledge, then expect that scams will always be around. But i must say that it can somehow be avoided if all investors will tend to be cautious before they decide to make investments. And because of that, there should be a series of deep researches first so we can check if those projects are real and legit, or they only seem legit at first but at the end of the day, it turned out that they are big scams.

However, i also believe that  scammers too are more brilliant than investors. In most cases, they are always ahead of us in some aspects even if we know we are brilliant and wise enough, scammers in the real sense are even more brilliant and wiser than us so they can easily deceive people with their improvised tricks.

If there's a regulatory body that would regulate these projects, then yes it could be get rid. Added by teaching newbies how to spot these scam projects. However, the first solution isn't applicable as theres no Police power that enforces a sanctions to those scammers. So yeah, its probably the spread of information on how to spot scam that could end it.

That's right, they're tricky and smart as well that's why we have outsmart them and be aware of all of their tricks. Once they've seen another tactic to scam people, they'll do it repeatedly and the cycle will go on.
It's important that you will do something such as researching before you entrust them your hard earned money as you invest to their projects. Not all of them are worth our trust.

We can only get rid of scams if we are educated enough to look if the project is legit or not, developers are always updating and always threatening the investment community, about that project checkdot you've mentioned this is a unique project meant to trace bogus and legit projects, I would love to see it's use case and it's platform, so far they are transparent enough by posting the distribution and their lock time

^ Following them their announcement is the best way to know which project is good, if they keep updating those updates you can simply determine that you are not in a scam project. There are too many factors to consider before you can prove to them that they are not a scam, just also avoid hype projects that are usually very common now, they are going to hype projects and then leave when the project cannot recover their losses. But why you will choose those new projects altcoin? We have BTC that has already been proven.

You wont really get scammed if you aren't making yourself to be greedy because this is something the main reason on why people do make out decisions into certain extents just because they are really
doing on whats up into their mind.

As long you do have that common sense in mind then you would most likely able to avoid all possible scam attempts and proudly saying that I haven't experienced on getting
scammed or fall into some fraud.

Just do your own research on something you are tending to engage on.if its looking suspicious then quit it.

That word completely get rid seems impossible knowing the situation that not all are aware of this or even they are but they still fall into scam tricks because of greediness.

it is personal, we can't touch others' life and help them to avoid investing in scams because, in the first place, they know what they are doing but never helped themselves. We can't rid these things out of crypto and in fact, it sometimes happens that even promising projects will turn into scam (exit scam trick). They will still exist no matter what we do and that is why we should be careful and do searches first before investing.

There's no 100% protection nor way to completely get of scams. However, you can minimize being scammed by doing such a responsible act and proper DYOR. Even in a project where everything seemed legit, we can't get an assurance that they will not be turned into sh*t someday.

To somehow minimize or lessen the chance of being scammed, first, of course, is to use our "common sense." Moving forward, set our own factors why should we trust or put a risk on a project.

Experience is the key. Be vigilant at all times.

You can't avoid scams completely when operating on such a new market like crypto. It's a Wild West - big opportunities and big risks, without any normal regulation and with hundreds of scammers involved.

someone's attempt to commit fraud or deception in a project no one knows about, meaning we can't get rid of the fraud committed. I think what we can do is just to avoid this fraudulent project by analyzing it first before joining it.

You do research on project and conclud that its a scam but the project turn out to be big success. You do research on project and conclude it will be big hit and the project turn out to be scam that's why its called wild West. There is no absolute way to avoid scam, you can minimize the risk with research.

I don't think it is possible for one to avoid all scams in crytocurrency no matter how hard one tries.Have lost alot amount of money investing in scams project despite many alot of researches.All sites that posts information about new projects due help one to avoid be scammed but no all.But it is still very important to make research before investing in any project to reduce loss of one's funds.

Fact checking and using sources such as forums can be a powerful tool in order to avoid getting scammed, but it is inevitable for someone not to encounter any scams at all since it can be on any platform that you use, investing in projects otherwise requires further fact checking and might as well see their whitepaper and other proof provided.

IMO, i don't think it will be completely possible to get rid of cryptocurrency scams as scammers are becoming smarter by the day and devising new means and methods of swindling cryptocurrency from users. What can be done however is massive awareness and sensitisation that can help reduce the number of people that these scammers turn to victims. As a user, do proper research also and invest only in projects that are known.

we can protect ourself from many scam, but we cant to not joining scam project. that is different thing, when you get scam tricked by web or investation or just be bounty participant.
all of participant scam be my experience, and i never tricked till loss money.
lack of information be the number one to be more experienced.

No, it's not possible but with proper knowledge, we can avoid being scammed.

There's a tricky part in doing scams like a project showing a good development and active team. In that situation, people will never think that someday that project will be a scam. Since there's no way to determine that scam will happen on that project, it's like taking the risks. Just be extra careful, at any cost, choosing a project or coin to invest in.

in general it is not possible because there will always be someone new who will fall for these scams, which can happen Is the number of scams will be reduced due to the great publicity that people can do to warn about scam projects, take an example from this forum due to the great commitment of the community in alerting people about scam it was possible to reduce the cases of scam and scammers appear little in this forum. this can also happen all over the internet

No, we cant get rid scams completely.

In some cases even we did our part to avoid scam projects, sometimes we still end up to be on that unfortunate situation. However there's always a way to prevent ourselves becoming a victim and that is by having knowledge and careful on projects to invest in.

you can not avoid all scam, trust me... i am here from years ago and still got scam even if its only small amount compare to my first year in this industry. the only thing you can do is deep due diligent and make your chance getting scam smaller but not 0 chance. scammer were smart people or maybe the condition which makes us got scam ( want to get rich fast because of FOMO ).

The best way to avoid scam projects is to only invest in projects that are mineable and had no ICO, like Raven and 0xMonero.

It is difficult to determine which project is a scam or not, because sometimes a scam project also has complete information. however, although we cannot avoid scammers, we can minimize them. well, scammers have been around for a long time, and they can adapt. So, it's very hard not to run into a scammer. all we can do to minimize this is to do continuous and in-depth research.

Are you trying to say that ICO = scam ? Dont know why you are so negative or against ICO, but there are plenty of successful projects that ran ICO.
Why "not scam project" must be mineable? There are no scam in mineable projects? Cant agree with that. Besides, I've seen lots of mineable projects that never get listed anywhere, despite scam projects, that are listed on some exchanges. At least it is possible to sell scam and minimize losses. Instead of spending resources on nothing.

A scammer have different source to get the people they want and if they notice you are after them new method will be induce to deserve people more, is possible to avoid scam but except you have be scammed and their trick's is already known by you, we can avoid them through adamant of communication.

Education is the key, proper research and controlling your greed, these are all that I can think of, you should know what to look how to look and where to look, you should be investigative and always keep that suspicion alive do not be believe in the hype and avoid FOMO, FOMO is hard to avoid it's hard to control envy when people are making a huge profit from one project.
Scams are now part of our daily lives here in the Cryptocurrency community, Understanding the risk and being educated will lessen your risk to get scammed.

I don't think anything can be done like this and it might even tend to be impossible to do.
no matter how careful we are, how carefully we read projects and so on, of course we can still get scammed.
and even I can confidently say that most of the people on this forum must have at least once been caught in a trap like this.
because indeed we will not always be vigilant and there are times when we are in the wrong time to take action.

I thought it was possible but as soon as they find new techniques and they found you unguarded, they won't hesitate to fool you. That's what's happening in the scamming industries where scammers have some updated strategies to fool people that's why to keep yourself updated, you need to often visit the Beginners & Help section of this forum cause they almost post the newly invested scam right there. You can avoid every scam out there when you also update yourself about their new technique.

It is if you decide to HODL only top crypto for long period of time. If you are not addicted to crypto, like a lot of us are, then I would suggest that you buy coins in top 50, safely store your private keys and forget about it for 10 years.
If you are already dragged too deep into crypto, then its too late and you will get scammed sooner or later.

Scammers always look for the best way to allure their victims, they are not stopping in learning new tricks.

Once they've seen you put down your guard, they will immediately penetrates and make sure that they will make things happened to you,

It's possible to avoid scam if you know how they are doing the process, never to allow yourself unguarded and make sure to perform

your DYOR in whatever business or investment that you are planning to participate.

The most important thing is to do good research. However, mostly new users who have not heard of Bitcointalk fall victims of scammers. After when they are robbed do they find this forum and tell their story. It's never too late to learn, but scams cannot be avoided as new inexperienced users keep popping up.

I agree. It is difficult to change and direct everyone not to fall into a scam project. But at least there is little that can be helped to avoid. Of course precisely because you have experienced a scam will be a lesson to analyze better. But many new people who attend also make the scam will continue to take its toll.

No, we can still avoid them but not in a way to stop them coz they will find another way. For as long as they're still people who want to become instantly rich. There is no way to eliminate this thing no matter what we do. I think we have to accept that this is a part of the market and besides, it helps the victims to realize and could tell that there is no such "instant rich scheme" in real life. It all has been accompanied by hard works and dedication before we're going to reach our goal.

Though we can't prevent scammers but It is possible to get rid of scams. A little awareness is enough to get rid of scams.
Most of the time we are cheated when we go to invest in an unknown project. Most of the time the traps of cheating are the same. Emails will come from unfamiliar media and you will be greedy to reply to those emails and get caught. They will want to double or triple your investment and you will be deceived by greed. With a little caution, it is possible to keep yourself free from these scams very easily.

You can be aware of these scams and don't be greedy so that you don't fall prey in hands of these scammers easily.Prevention can safeguard you but if you say that these scams will be vanished then you are wrong as they will find different ways to grab your funds and keys but if you are ready to face them with strong power then they can't damage you but most people ignore these advices and we see most people complaining later that they were victim of this and that scam.This is crypto market and you are responsible for what you do so mark your steps.

Scamming has become even more rapid these days so it only means that the more people get involve in crypto or any businesses, the more people will fall as a victim. And i think its hard to avoid all those scams because no matter how cautious you are, they will always have their own smart ways on how you will fall for them. If we can be more wise in managing our crypto investments or any other type of investments, then we can prevent the fast rate of scamming. As there will only be victims if we always let them scam us in different ways.

With so many projects nowadays, of course, it is difficult to avoid all scams, investors must have the courage to take risks if they are exposed to a scam and I think this is a good opportunity for us to dare to take risks by investing so that we have the opportunity to profit 10x or even more.

You will never get rid of clutter completely. Because they will take twice as many steps as you take to get rid of it. But you will always have to take your own steps to get rid of it. Your caution can protect you a bit. So the more careful you are, the more you will get rid of it

Maybe this project is a little helpful for beginners when they want to invest, but another way that we can do to avoid fraud when making investments is to find the right information about the project and conduct an accurate analysis with various sources such as in this forum. by asking many members here so that we can get a lot of important information about the project and thus minimize the risk of fraud in investing, especially with new projects.

Fraudsters are a separate caste of people. I do not think that someone or something will be able to rid the world, in this case, the world of cryptocurrencies from scam. I would even say that it sounds like a utopia. And this problem is so deep that I do not think that there was some kind of superintelligence that could solve all this. One way or another, humanity has been deceived for many centuries, no sage could defeat the swindlers. They were, are and will be. Unfortunately, nothing can be done about this. And the project you are talking about, I suspect that they are scammers. I cannot say this, since I am not familiar with him, but at first glance, this is the first thing that comes to mind.

I don't think is possible to get rid of scam completely. Because the way we learn and trying to take all necessary precautions to avoid being scammed by any scammers, the scammers are also doing the same, trying as much as they can to break into our privacy or try generating different means of scamming. So we learn to protect our selves and our wealth, there also learning to scam innocent people's. It will be very difficult to eliminate scam completely.

You can’t get rid of scams from the cryptocurrency market, but you can protect yourself from scammers. And how do you do that? For you to be able to protect yourself from scammers that are in the cryptocurrency market or anywhere online, you have to learn more on how these scammers operates, and you need to be wise enough and know when you are about to fall into their trap. That’s why everyone needs enough knowledge, because when people are educated and they are wise enough to realize when they are about to get scammed or figure out when something is fishy about a project, then they will be able to protect themselves from all these scammers. But, if you are trying to stop scammers from existing, you know that’s not going to be possible at all.

All scams are somewhat difficult, many who do the scams square them very well, they usually show documents that everything is under the relevant legality, and even real people are searched with KYC and everything in order, and even the best bounty hunters can fall, the reason is simple, if they want to leave with all the funds and steal all the people they want they can do it, and it is something that is very difficult to determine, everything is a risk, the only way that there is no risk is when they are projects that reach an Exchange, such as Binance, which is level 1A and its researchers are very specialized.

Actually, I think that they will exist always until crypto world becomes regulated by government. As long as scammers don't have any punishment, they will continue their activity. Nevertheless, if we learn how to investigate projects and how to comply with risk management we will be more protected and there will be less people who lose money due to scams.

Cryptocurrency seems to be created for fraudsters. In any case, this gray, unregulated period of it is very convenient for their fruitful work. Like participants in the cryptocurrency market, all sorts of scammers work here anonymously and it is extremely difficult to establish their identity. Moreover, any fraudster can be in any country convenient for him, where no law enforcement agencies can reach him.
Even if the majority of states unite in the fight against cryptocurrency fraud, there will certainly remain opportunities for them.

Exactly, so it's very important that crypto will be regulated as it will result in the minimization of scams, without regulation, these scammers will continue to use crypto as their playground and they will continue making easy money without worries of getting punished legally. Whether we like to see it or not, there are still people who will invest blindly because they only see the success they can get in crypto, and that is without realizing the potential risk of investing, if they fail, scammers will succeed.

because of the many frauds carried out in the name of good projects, I think many investors are confused in determining the direction, not only other people, myself when faced with several good projects, I am sometimes confused in making choices. especially a new investor who has to spend their capital, of course anyone will feel anxious and afraid if there are many frauds committed.

It will be practically impossible to avoid falling for scam although with experience and mastery, you could reduce the possibility of falling. However, there are so many newbies out there who without any form of knowledge want to test the deep waters with both feet. And also, sometimes a dev may have very good intent but ending up failing, so it might not necessarily be a scam in this case but a failed project.
Bottom line is, one has to be really careful before investing in a project because some of these dev are not really your friend.

unfortunately it is an impossible mission to be able to avoid all scams some investment proposals ico / ieo etc look good but even if they are not scams maybe they cannot succeed on the market but if it happen to take some scam is a hard lesson so next time before doing an investment we will better study the offer, the pros and cons and take all the possible information

I Don't think getting rid of Scams is Easy, But to avoid fraud we can still do that by being careful in doing so, whether it's investing in Cryptocurrency or being a Participant in an ICO Project.

The short answer: of course is that scams cannot be avoided. Wherever there is money, scams take place "unfortunately, such things happen even in families".
In my experience, I know that the more clearly a project tries to prove that it is not a scam, the more suspicious it is, so I will stay away from the project you are talking about.

It's been a long time since something like this made everyone restless and it was hard to get rid of it,
fraud will always have various ways and we do have to be extra careful,
maybe what we can do before joining the project is to do research and find information from various social media channels

It's impossible to get rid of scam, they will always exist. But you are right regards avoid being scammed if you a careful investor. An investor who sticks only with bitcoin, few legit altcoins and take all the security protocols at his disposal is very likely to never be scammed. Although the same can't be told about the investor who is constantly looking for greedy earning methods and offers promoted on the internet.

ICO projects' participants aren't protected against scams also, because the bounty hunter job is all about the risk of not earning anything for the tasks done after weeks or months of personal effort and time invested, since hunters never know how much they are going to be paid in real values due to being paid in apparently priceless tokens.

Everyone hopes that they don't want to be scammed, but this is impossible for us to avoid, all we can do is minimize being exposed to a scam, when I invest 25 new coins or tokens then about 15 will die and 10 will skyrocket up to 10x or more, but with profit from 5 tokens that skyrocketed to 10x, I was able to cover the loss of 15 dead tokens, and this is what makes me never afraid of being scammed.

It depends on what coin you are investing. Not all coin that printing loss is a scam. Some of them are just underperforming that's why investors lose confidence. Maybe you are attracted on coin that has no fundamentals that's why you said that stats. Maybe if you purchase on IDO you might get scam but if you are buying only on reputable exchange such as Binance, There's only a small chance that a scam can enter there and you are aware of that since it will be controversial on crypto mainstream media.

Getting rid of scams completely is impossible. However, I do think there are some things you can do to try and help prevent them. Just look at the stock market as an example. Almost any company can get listed on the pink sheets (penny stocks) and that is where you find many of the scams. For a company to get listed on a big exchange like the NASDAQ or S&P 500 they have to go through extensive background checks and present tons of company/financial documents for proof..etc. Because of that, fewer companies listed on those big exchanges will turn out to be scams (aside from the occasional ponzi-scheme that will have virtually everyone fooled).

It's similar in the crypto market. If you want to try and avoid getting scammed you need to only trade tokens which are on established centralized exchanges like Binance or Coinbase. These exchanges won't just list anyone and because of that, the tokens on there are more likely to be legit. That doesn't mean the occasional one can't slip through, though.

If you want to take bigger risks you trade on the decentralized exchanges, such as PancakeSwap/UniSwap/SushiSwap..etc. This is comparable to the pink sheets of stocks in my opinion. You're taking a bigger risk, but if one of those tokens eventually gets listed on a big centralized exchange like Coinbase, you are going to reap much larger rewards - just like a penny stock moving up to the NASDAQ.

Only trade tokens that on the large centralized exchanges (Coinbase/Binance) if you want to try and minimize some risk when it comes to being scammed. That being said, you'll be giving up the opportunity to have big potential gains if you were to get in on a token while it's only on decentralized exchanges (Uniswap/Pancakeswap/Sushiswap) and then see it move to one of the large centralized exchanges. All comes down to how much risk you personally want to take as a trader/investor.

I understand this formula of mutual compensation, instead of being afraid of a fire and avoiding it, we should rush in and extinguish it with all the water we have, create more conditions to escape the fire and protect the rest of the property but whatever this option is, the fire still has a high risk of breaking out and causing more damage and can attack us due to our bravery. Scams are the game and rules of the cheaters, to perfectly avoid these people it is better not to contact and increase relationships, acquaintance and reputation will be easier to work

People do make the mistakes that leads them to getting scammed and they just never know that. There’s no way that you can put an end to scamming at all, even if you should capture all of them that are scammers in the world and lock them up, there will still be other people that will come out and continue from where they stopped and that’s just it. So instead of hoe to stop scam, we should be thinking of how to avoid scam.

I once saw someone that complained of how he was scammed a few times, and even at that he still never learnt a lesson and continued to look for strangers online to do business with. Such would put him in a position of getting scammed over and over again, because he has never learnt his lesson. Until he realizes the mistakes that he’s making and corrects them, then it’s not going to work out at all. Just like you have said, people should only make use of reliable exchanges like Binance.com, and when they decide to use decentralized exchanges, they should make sure that they are trading with that has proven to be trustworthy.

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

It is not about the investment risk itself, because the risk in investing, and especially in cryptocurrencies, will always be there. It is more about the new ways that scammers use. If it was possible to predict how the scammers would try to deceive us, then it would be possible to avoid them. Unfortunately, we cannot predict the future, so scams will continue to happen.

That's a good step to consider but even how careful an investor is, chances of being scammed are always there. You are correct that it doesn't guarantee protection but at least users will have to lessen the risks that they are in the shit project.

But sometimes, even with a good project, they are eventually turned up into a scam. There's no 100% protection against this scam but at least we are not falling on the obvious ones.

New areas for investment are constantly being added. But, despite the growth in the level of education of the population, the level of "professionalism" of the fraudsters also does not stand still. Even the scammers themselves cannot be fully protected from other scammers. ;)

Its a continous one because scammers are everywhere and everytime that there's something new then they do easily add up something new which arent known nor that obvious thats why we do see people had been scammed.

This is why you should really be wise and be aware on whats happening around and dont make yourself easily get hooked into things because this would definitely be the cause of such mistakes.

Its possible to avoid all possible scams but this is actually depending on someones experience.

Less experienced people, as well as experienced people, are also victims of scams. You know, scammers are always finding and targeting the bitcoiners to scam, and most of the bitcoiners are experienced, very few are non-technical. Experienced or inexperienced, scammers always capitalize on human greed and spread their conspiracies. They will offer you to double your investment or make you a millionaire overnight, they will show you bunches of proof. at a point, you will go to test them after greed, and you will get caught. In fact, it is possible to take all precautions, but it is not possible to prevent the scammer. In online life, we should keep a distance from strangers and unknown websites and should not be persuaded by strangers.

It is my own experience that one must be careful and be suspicious of any promises that offer higher returns above the normal market. The temptation, of course, devours me, but I try to overcome it. ;)

I don't think it is possible at once. Because there are some people who do not do any good deeds and just go to bad deeds. There are good people among us as bad as there are. So some people are busy planning to scam them in their head. They also use the update method as everything is updated Only our own research and caution can protect them from them.

Where cryptocurrency is there, transparency is impossible.Only regulators can prevent fraud, but the community does not want someone to completely control the industry.It all depends on the literacy of people who plan to invest in new projects, and it takes a lot of time to reduce the risk of being deceived.

This is the advantage and the disadvantage of cryptocurrencies. Decentralization gives you the freedom to decide what to do with your money. However, anonymity also makes scammers feel unpunished. Unfortunately, if we want to use the freedom, we also have to accept the dangers.

Unfortunately we can't. Sure we can avoid scams, but still those scammers out there so clever these days that they can think another ways to scam people and have so many ideas for that. That being said with new ways to scams that means we will have another victims fall into their hole again. Then the process will repeat after that, it depends on how good the individual people filter those stuff to avoid further scams.

I don’t think that we can actually avoid 100% in all scams in crypto. I have encountered a lot of projects wherein they really have potential, good community, and yet end up being a scam at all. Though I think we can minimize the risk of not getting scam at all times. So you have to do a thorough research at all times especially if you plan to invest a huge amount of your money.

You can't get rid of scams but you can avoid them by only investing in mineable token projects that didn't hold an ICO, like Bitcoin, RVN, and 0xMR.

It's possible as an individual to avoid being scammed, but it's impossible to get rid of scam in the cryptocurrency space. As an individual the best way to avoid being scammed is to be cautious of the possibility at all times. The reason why many people fall for scammers is because of their greed and desires to get much more for less. If this can be checked, then a whole lot can be achieved.

it's impossible to get rid of that. thebecause the day of crypto development is wider, so more people know, it's not impossible for fraud to also more, a lot of fraud
In my opinion, the most appropriate way to avoid fraud is to investigate this project alone, don't be tempted by huge profits, because it can be a trap of the tricksters, you must know that the project works in what company and aims to what, see also he cooperate with what, maybe that's all I can answer, always be successful friends

yes it is very true, of course it must be done by everyone if you want to join a project, let alone someone who wants to join an ICO project or invest in a Bounty project to avoid scams.

What is a difference between individual being scammed or a company being scammed? As an individual you can also be scammed easily. All it all this is just person to person relationships. You can be as much cautious as possible, but a second person has an intend to scam you, he will do it anyway. You can not be resistant or secured from everything. Everything has a weak link. It is just a matter of time when you get scammed.

It is indeed impossible to avoid a scam project because doing research on the project is also not a guarantee that it will avoid being scammed,
however research is still important before joining the project,
what is certain is that the scam project is really troubling so we have to be extra careful

Checkdot is similar to a kind of certik. But I think Checkdot is in more detail. Auditing projects that audit some code or assets that are ready to be invested are indeed very important. We need an audit so that we know how the project is aligned before investing. To avoid fraud. I'm sure checkdot can solve this problem with a professional audit of them.

One of the most prevalent issues in the cryptocurrency space is the issue of Scammers. I guess it's because the industry is still very young and we have several naive individuals who are still trying to understand how the system works. It may be very difficult to eliminate the issue of scam now, but I believe with more knowledgeable people in the industry, scam would be greatly reduced or eradicated.

If people are smarter, of course this can be overcome, but for now the thing that can be done to anticipate fraudulent projects is to look at the experience that is already capable. Of course, our experience in the cryptocurrency world will really help us get caught up in fraudulent projects, because with experience of course we will be more careful and will definitely find irregularities in a project that contains elements of fraud.

Yes, we all know scammers are an indispensable part of cryptocurrency. They are a group of people who are lazy to work, so they make something that can harm other people in order to get money easily.
There are many ways they can do to capture their victims, such as fake application, Fraudulent website, social media such as twitter and telegram, and fraudulent Emails become a good medium for them to carry out their mission.
It is unfortunate for victims who are still tempted by the lure of big returns, even though they know to get money is not as easy as imagined.

Getting rid of fraud is one of the very difficult ways for us to overcome in the crypto world, because those who make scamers many ways to find victims in order to get stuck in their projects, but if CheckDot can overcome the problem it is certainly very extraordinary because it has long been resolved, so we are always looking for ways not to feel harmed by the scamers who have been spread in this forum.

Even if there is an audit project like Checkdot I don't think it would really clean up fraud in the cryptocurrency world. Because before checkdot I knew there was a well-known audit company certik they audited the project before making a public sale. But there is one project that manages to cheat by bringing in a lot of investors' money. I hope Checkdot is the best audit in the future at least we can reduce the occurrence of fraud.

I don't it is possible to avoid all scams in the crypto-market .Despite Making researches on many sites and finding multiple informations before making an investment in any project I have been a victim of scams many time.Although research do help reduce scams in the market but not all time .

We as crypto users are certainly scamers are very troubling for us in doing every activity in investing or following a project, and until now the problem of scamers we have not been able to eradicate to the maximum, if there are projects that can create judgment on a platform then it is very extraordinary, but personally we can also overcome a little of this problem that is by reading every rule and development of the project that we want to follow, If there is a development, then we should try to follow the project.

I don't think we can get rid of scams in the cryptocurrency field completely. The crypto world cannot be separated from fraud, for that everyone who is new to the crypto world needs to learn. Nowadays, there are many platforms that offer services about analyzing a project whether it is a scam or not, but I don't think it helps. In my opinion, personal experience will give knowledge about fake cryptocurrency projects or real projects because the more experienced we are in the crypto field, the more we will avoid being scammed.

If we only choose large projects or coins that have entered rank 20 then we are safer from being scammed, but if we invest in new projects then we can get scammed, maybe the promise of getting big profits makes anyone will try to invest in new projects even though it this is at risk of being scammed.

if the intended scam is for a new project. I guess the odds will still be 50:50
I mean a new project that has been registered can also end up being a scam. at first, it looked very good, with pretty good planning and trade-offs. but as more and more come in, they can get out with our money.
but we can also avoid scammers. It all depends on where we choose where to put our money. as much as possible take profits quickly and leave some for long-term planning.

In the market there many types of scam's. In the crypto market for the new comer's there are so many scammers awaiting to scam. But you can avoid all scam's by only doing your good research. And your market knowledge.

Institutions like Certik have good control mechanisms. Even if these companies are reliable, the projects are not completely reliable. For the following periods, solutions can be produced against fraud. In turn, new fraud methods will be constantly updated, I think it is not the end. Both are in sync somewhere. Of course, if it goes down at least, fraudulent events create a very ideal environment for us investors.

Personally, my opinion about fraud at the moment is the most pressing issue for the development of the crypto industry without fraudsters. Since the cryptoindustry is the most reliable way to develop and get profit from investment. And scammers want to use different laughs to get rich. And if there is such a system that immediately identifies the fraudster, it will be very great. So I fully support the idea of ​​getting rid of the scammers.

Greed is actually the main reason and also if you do lack of knowledge and skills or experience on which are the main reasons on why you do get scammed

but if you are really that aware or sensible on your actions then you would really be finding this to be easy to avoid but there are people who are really that

easy to be fooled just because they are aiming on becoming rich on a short time possible which is one of the reasons on why people do end up something like this.

I don't think that this is possible, that is to totally get rid of scam projects. Maybe they can reduce them to the minimum but I don't see them being able to totally get rid of them because we have also noticed that, it's not just the projects themselves that have been scammed, exchange too have their own share of the problem.

Fraud will never go away in crypto world, no matter how you do it, it just represents one's personal nature to kill fraud, if awareness of trust is the main capital in crypto, no blockchain can help someone if they are willing to commit fraud, only everyone must be equipped with adequate knowledge, so that when a fraud is being committed, the public can find out in advance.

Scam comes in a whole different ways as far as I'm concern. It's very hard to control. Investment already involved risk, so try not to be too greedy in choosing what to invest into.

Right, I believe that Investors just need to be more careful and just like most have mentioned, not to be greedy in the market. there will always be people that will be putting out scam projects every now and then because that will never stop but if most investors decide to do the needful, I think it can be reduced.
 

it's not easy to avoid all scams i say that we should be careful investing in every new ico project that comes up, there are some projects will end up as scams and most of us are always ready to face this, if you find anything uncertain then don't invest any money you, this is one way to avoid fraud.

It can easily be avoided if you know how to check projects and you see the signs of being a scam.

Having that quality, you can easily avoid all scams that might go along your way. And if you see some of them, you're just going to avoid them because you can spot them on.

Yes, getting rid of scam is base on individual understanding of business transaction, while half of us are victimized of scam is because we are serious to uplift our business transaction's through minor things that will bring a surplus profit, so focusing on that, you can be easily carried away by scammers because scammers creates a platform that the bonus of the investment will gives you more than your capital, so seeing all this kind of surplus profit from investment platforms just know it's a scam project.. they always influence people through social media.

If investors can be careful in deciding all the problems that occur, then the condition of the cryptocurrency will always be in a safe and stable condition, fraudulent projects are actually unavoidable, but we can reduce our participation in the project, if more and more people do it and don't trust the project. If that's the case, then they can't do anything even to develop the project it will be difficult, this is important for everyone, not just big investors.

I don't think it's possible to be 100% free from scams. However, if you are careful, the amount can be reduced. Because scammers are always adopting new tactics. And someone will be caught in this new strategy of theirs.

possible. I mean by researching each project you want to invest in first. check their background. and be sure to leave a mark when you find anything suspicious especially like an unreasonable return on investment. and also avoid things related to money rich in one night.

To avoid the overall fraud is very difficult for investors, sometimes the assessment of the project from various sides is very good. But back to the owners, if they are honest this will be good luck for investors. If it was greed that they had and wanted to take everything else's property, this would be very hard to accept. But it would be nice to invest in projects that are managed by very experienced managers and have spawned many successful projects. For me this is very important, because the fraudulent mode will be carried out in ways that actually make us really believe it.

I haven't fully understood about the project so I can't judge if it will help to avoid scams or not. what is certain to avoid scam projects can be started from ourselves where we have to be more careful in choosing a project or coin to invest. We know that scammers certainly have many ways to cheat with tempting offers, but we also have to be smarter in sorting them out. scammers exist because there is an opportunity so as much as possible don't give opportunities to scammers because many people have been deceived by it and have suffered big losses.

Yes, that's right, if we don't recognize the project and don't have a strong reference, we should just leave it rather than a big risk will come, this kind of project usually only relies on hype, even to find more information is quite difficult for us to get, that means staying away from the project This is wiser than having to participate, considering the big risks we can't necessarily minimize.

In essence, bids that are too large for each new project need to be researched and questioned because if it doesn't make sense in general, it will obviously have an effect if the project does not become successful at the time they have set themselves.

CheckDOT, I just heard about this project and I went straight to the platform.
In general, audit platform is needed to increase investor's trust, let's take CertiK example, some projects have been verified by this security platform and as you can see, new projects that get CertiK certification will be chosen by investors, but you need to do some research too, because no one knows if the new audited project will last a long time following crypto developments or end up being a scam.

So we have to be very careful when investing in new projects, you have to know if they have a strong team, otherwise you have to make up your own mind, I believe they use their project as a tool to attract investors after taking profit then they disappear without obvious reasons.

nah, it's hard to avoid them. they are getting smarter day by day. some projects even have a good whitepaper/litepaper, audit, Doxxed team, etc. still can scam you. i believe CheckDot project can't fully save you from scammers. i'm still investing my money in top 50 market cap coins. but it doesn't mean i am safe from scam one day. maybe one of them turned into a scam project in the future.

In addition some newbies are also greedy thus fell into scamming schemes, a lot of them are always offer with bogus fictitious rewards and bonuses in bid to make huge profits lose their hard earned money to scammers. We have to be very diligent and careful when it comes to investing in an unregulated crypto markers where scammers devises all sort of tricks to lure unsuspecting investors in a bid to scam them, researching projects we intend to invest in is the first step towards avoiding a scam

But it is more convincing to choose a project whose market capitalization is clear, such as the investment you make in the top 50 coins, this is clearer and we can make a thorough study, compared to the ChekDot project which currently does not have any prospects , many projects sometimes only rely on hype, not infrequently they even do evil ways to deceive many people, to avoid all that it is better for us to avoid.

The point is that all of that needs to be analyzed first before knowing whether the project is good or bad because good projects are known through research and analysis as well as bad projects so judging it early is a mistake before doing research first.

You can't stop scams even if you want to. Because it doesn't happen through one person, it happens through many people.This scam started when cryptocurrency started. But before, there were not so many scams like now. And preventing this scandal is not so easy. Because the identity of those who are doing this scam is not given anywhere. That's why you can't catch a cheater even if you want to. If every user had an identity, it would be possible to capture it. So in my opinion it is impossible to prevent scams. You cannot take preventive or legal action against a stranger even if you want to. You can only take legal action if you know the identity of the person.

I think getting rid of a scam is not easy, but there are many ways to avoid the scam I think.
what we need to do to avoid these scams is to not be careless in investing for a crypto, then don't be influenced by the media that talks a lot about the crypto. In my opinion, putting this attitude forward will protect us from fraud and will not lose our money.

Numerous novices are getting misled so how would you intend to take care of them. Complete direction, update and all alerts. Too many opened token with the advancement group and task proprietors is one more method of trick as they can dump on us whenever. The con artists are too savvy to even consider getting your cash and they can flee with your cash without you understand.

Not only is it not easy but in my opinion it is almost impossible to get rid of the scam,
especially with current technological developments, they can use various ways to do this,
it's true that all we can do is avoid it and of course we need to be careful in investing

Personally, in order to avoid fraud, you should at least always be ready for such attacks. There are several ways to avoid fraud. One way is simply not to participate in projects and there is a possibility that fraudsters will be able to pass by. And if you participate, you can fall into the hands of scammers and lose your funds. And from this no one is immune, failure can happen to everyone. You just need to be very careful and attentive in the cooperation of business projects.

Yes, a little research is indeed needed to assess a project, both new and old, nowadays many people do not do that in making choices, so they are carried away by the hype that continues to be developed, even though we can look for many available sources, to find out if the project is is worth investing in or not, then we will be able to identify good projects.

Actually yes, i think if you just only knew right away that the project you seem to be joining smells like it's gonna be a scam scheme, or if you do several research first before entering into investments in a project it's safe to say you can refrain all of these type of scams and in other ways like ignoring Ponzi scheme and phising sites that are emailed to you.

For experienced people, it's easy to avoid scams because of what they've gained as experience with these scams.

The developers is what you should look for their background. That's already a good ground where you can start for determining if the project is a scam or not.

First off all do your research and get advice from expert before joining any project . And don't connect your wallet to any site  without research. You can protect yourself from scam when you have complete knowledge about the project you wanna join.

Being scammed isn't very pleasing because it will leave you staring in walls overtime. Even professionals are getting scammed especially novice. I've been there but even though it's not a large sum, still I worked hard for it not to go in waste.
So my advice is, always keep sensitive informations to yourself only, if it's inevitable then atleast make a hardcopy for safekeeping. Be aware of clickbaits because that's where they can find your informations and passwords. Always search everything to be knowledgeable rather than watch news that we know is a one-sided story.

I don't think it's mainly about being professional because scams can happen for totally unexpected reasons. Some users got scammed because the exchange where they hold their savings was hacked and can't refund hacked amount to users, so in this case we can't blame them if they are professional or not.

I want also to highlight again the point that in crypto space, you are your own bank and should be aware to take full responsibility over your savings. It's quite different from saving money in banks, and you should change your behaviors beside it.

Learning to look for the security of personal assets is indeed very difficult, by directly storing our keys by writing in a notebook, or by using an email that we always activate.
.but it all depends on our bad luck if we have stored it neatly but still lose the assets in it.. with an incident like that it is necessary to be given very secret security from anything..

Absolutely true and scam has nothing to do with professionalism,
because it's all out of their control and indeed this is what worries us all,
scams and hacks can happen to anyone so be careful and stay alert

This is not possible. Even rating agencies can cheat. I can't trust anyone with this. The best is to provide personal development. Like examining road maps, doing research about the team, comparing with similar projects. It is not easy to gain experience without having bad experience. Need to be able to read very well. It is necessary to know the market and to know its purpose.

The key point here that everybody should also realize that avoiding scam should be a common sense because the one you may trust with your money can be scammed if he is not enough aware and your money could lost as well.

Highlight edit from my previous reply: You are your own bank and should be aware to take full responsibility over your savings. It's quite different from saving money in banks, and you should change your behaviors beside it.

Avoiding fraudsters is indeed very necessary in any way that we must learn, although theory is very helpful, but in my opinion theory alone will not be enough to give us confidence, because my view is to guard against fraud only by being careful in storing assets..

No matter how much research has been given to any project, or any currency, there will always be a way that there is a scam, in the ecosystem of tokens when they are launched through a decentralized Exchange the option of scam is very likely, it is something normal that anyone is taking a risk, the only way to minimize that risk is by betting on projects, tokens or coins that are listed on exchanges such as Binance, since Binance does respond to any eventuality and there is a fixed point to claim.

of course not, we dont know when the scam project come to us, at the beginning, all project give the good trust for the investor, and the holder. but on the progress of the project, maybe the team and the project owner scam us and bring all of the investor money.
we dont have any indicator, who will scam, what project that will scam in the future.

but i have an advice for holder and investor, maybr you should double check the project, if the profit or the return is bigger than normal, i thkn you should do some research before you join the that project, because there are many project that give the investor big return, end with scam.

fraud will always exist and we ourselves must be able to anticipate it. usually the virus will enter by spreading email one way and we are asked to follow the directions, if we follow them then they can enter the files that we have and finally our data is hacked, and loses the assets that we have. therefore the importance of concentration when opening suspicious links

Unfortunately, this is some kind of hard truth, especially in the crypto world. Some things that can be done to avoid scams are through choosing projects and coins that at least have some type of basis of even just minimal assurance, such being highly recognized by the majority. However, at the end of the day I think that it cannot be guaranteed that all scams can be avoided. As mentioned, a good project can turn out to be a scam in the middle or at the end of their reign. Also, sometimes our intuition is what will save us, so listen to that voice inside of us, listen to your guts.

ya.ya.yo!

isn't that a very important first step.
how someone can invest in a project but he doesn't even know about the project.
it is one of the most fatal carelessness in my opinion.
Research is the first step that should definitely be done because it is related to the finances we have.

Everyone will be interested in 100x-1000x and they are ready to make puppets for a weaving with profound ideas.  I mean greed, honey kills flies.  Some investors run for the price without knowing what the project means.  Some people have no interest in doing their own research and DYOR, once their ears have heard of something else.  It is an ironic fact.

I've had quite a few near misses throughout almost a year I'm into DeFi and staking. My first investment was in algorithmic stablecoins, it lasted approximately a month before it crashed, resulting in million of losses. I subconsciously withdrew all my funds a day before it crashed.

Call it luck? I don't know, when it comes to staking, I tend to choose lower yield pairs, to be on the safer side. However, I could also have lost all my money when the Iron.Finance exploit occured, a few months ago.

yes, I agree with the statement that no matter how much research we do, there will always be a way for the team to scam the project.
however, it all comes back to the team. when they've been given their trust, and they let other people down, I'm sure they know the consequences of that. at the very least, when doing research, we may need to know some people from the core team. it's just that, after that there is no guarantee that the money we have will be returned.
there is no way to avoid scammers when they really intend to. when you are careless, your money will run out. Research may not make a scammer disappear, but it can reduce the risk.

In terms of storing assets, it is also necessary to look at platforms with extra security, because this year there were several exchanges that were hacked by hackers whose consequences were very fatal, for example Bitmax and others.

Numerous novices are getting misled so how would you intend to take care of them. Complete direction, update and all admonitions. Regardless of whether the stage work, it shows that you actually depend on one more party to conclude which one is 'genuine' and not, which is certainly not great. Too many opened token with the advancement group and task proprietors is one more method of trick as they can dump on us whenever.

From all this, what seems incredible to me is that even when in a game the identity of the devs and the entire team appears in the whitepapers of the projects, I do not know for what reason it is not possible that the authorities can act against That is, you have the data of all those people, if it is a robbery or scam you have the relevant evidence so that a lawsuit or complaint before any world entity can make them pay, I know that the SEC has lost triumphalism since it could not with XRP, Well, his reputation is in tatters, but I do not know how far the FBI or any entity can act against this type of this.

Avoiding fraudulent projects is difficult, because the various efforts they put into make us believe in the project. And now back to ourselves, in choosing a project in which aspects are most important for us to pay attention to. For me the first is the team behind the project and the second is how the project works. In the bounty program, I prioritize managers who manage projects, of course I choose people who are experienced and have managed projects that are already successful now.

This will never happen in my opinion, fraud in crypto will continue to exist with other methods and ways, what we need to pay attention to is, how to find out the level of fraud is working and we must be able to avoid it, at least we should not get involved in such projects , to avoid all that, it is necessary to have the knowledge and resources that we have, so that at a certain moment we are able to avoid it, even though scam projects will continue to exist forever.

Recently, even the manager can be deceived, so this is not a guarantee.It seems to me that I myself need to conduct a very detailed analysis or ask here on the forum if there are doubts, people with experience will tell me.

BMs still have the choice to stop the bounty program in cases of possible red flags that are being raised. It's not manager's job to do their own research although it could be an optional of their part to do it by their own but they're not obligated to do.
Some scammers are trying to get away with this by having their own people run the bounty program.
If one is getting suspicious of the project, better check Scam Accusation board first.

I think its impossible to get rid of scam from crypto world. If what the OP means is to keep us away from scams, it is quite possible for us as long as we are careful, as the OP said above, there are platforms that prevent us from scams and I think there are many other similar platforms as a tool for our consideration to go further.
Crypto and scams are like sugar and ants, they are inseparable, it's our job to be careful so that the ants don't get eaten.

you can not avoid all scam, trust me... i am here from years ago and still got scam even if its only small amount compare to my first year in this industry. the only thing you can do is deep due diligent and make your chance getting scam smaller but not 0 chance. scammer were smart people or maybe the condition which makes us got scam ( want to get rich fast because of FOMO ).

It is very difficult to avoid all scams. Because scammers are very smart and they make new tricks all the time. So no matter how careful we are, someone must sufferer. The more greedy he is, the more often he is scammed.

I think every investor has encountered scammers and they are so secretive that you yourself begin to believe that this is not a scam, no one is immune from this, everyone can make a mistake and do not get upset, there are quite a lot of scammers in cryptocurrency, you need to learn a lesson and be careful in the future, but it's better to learn from the mistakes of others than your own.

Here there are many scammers with different motives who certainly offer tempting offers. it's not a matter of bidding but how we can choose a good project or coin to own. if indeed there is a project that can help avoid scammers here then of course it will be very helpful because it is not easy to avoid it. although the most important thing to avoid scammers is yourself, which is to be more careful and close the gap for scammers to deceive us by choosing projects carefully.

Fraud will always be present in one form or another in investments. Because as soon as something becomes successful, some want to make money on it in a dishonest way. And a lot depends on you, that is, study the project and compare all the data about it into a single whole and make the right choice.

There is no room to limit them from committing fraud, because it represents their personal desire, until now there is no specific method that can identify or prohibit them from doing so, at least we should be able to identify projects that have good prospects in the future, if we can see the problem this carefully, it's better to focus on it than think about the person committing the scam, because the crypto space is open to anyone, whether it's cheating or not.

Scams are many by types. Some type of scam can be prevented easily by an awareness. Some type of scam could be prevented by checking websites like you mentioned but most of people don't know where to check. even sometimes those website grab money from scam project for approve them as legit. And some type of scams are totally unexpected! Tokensale successful but they scam for unknown reason! valuable coin will be delisted from exchange, A good project can crush & scam overnight, So not possible to prevent all scams.

I'm not surprised by this, you can see SP buy and sell according to the percentage in the smart contract.
usually new coins with a large amount of inventory will do that, for example 12% slippage, the tokens you buy will decrease and you can see from the number of coins you ordered and after that you will be charged like taxes.

It is very difficult when investing in a new project to know if they are creating tokens just to spend investors money, because they are very smart and give the best hope in offering huge returns to attract lots of people into the project they are working on, you should research the support team and developers the project you invest in, so you can avoid the risk of losing a lot of the money you have.

Scam projects will always exist and they also continue to thrive in doing that,
so I don't think we can guarantee ourselves completely to avoid being scammed,
every year things like this always become a concern for all of us and hope there is a solution

I said it would not be able to eliminate fraud, but to avoid it still possible although there is a slight possibility for it. It's hard and easy to do this, especially here in cryptocurrency, the fraud mode is everywhere. We can only be more careful about this.

There's no way my friend, I'm sure, everyone involved in crypto, be it beginners, intermediate to high level, they know that crypto trading is very risky, so we should consider it before making a decision to trade, because it often happens. they offer huge rewards, thereby attracting investors to buy their tokens. I think if you are investing in any of the new projects they are developing then you should be careful and it is very important that you research it before investing in any of your desired projects.

It's impossible to get rid of scams. Not only now, but in upcoming years, if you think there will be more strong technology to stay safe from scams and hackers, then I will say you are thinking wrong. Yeah, in the future, the strongest and most secure security will come, but there will be other types of people who will break that strong security too. So it's impossible to stay safe from hackers because it's their platform, so they are controlling the whole thing, but if we are aware a little bit, then yes, we can stay safe a little bit. It's not guaranteed, but yeah, if you follow these steps, then you might be safe from scams.
 
 

• Don't fall for any announcement of reward.
• Don't go to claim your reward if you don't know about them. 
  
• Don't click any link to take your award.
  
• Don't trust anyone blindly.
  
• Always try to keep your account details on a notepad. Do not save them on your mobile, computer, or even any drive, even in any tech gadget. 
  
• Always use a fresh wallet if you need to do work. 
  
• Keep your holding and working accounts separate.
  
• Do not use any cracked versions of any software or wallet.
  
• Stay away from the apk version, which is dangerous. 
  
• Do not try to download any free movies from any other sources without their own platform. 
  
• Try to keep changing your password every month or week.
  
• Try to keep different your password for different account.
  
• Don't click any link fast, first try to learn about it.
  

 
You can follow what you think, which can help you. And these are the things that I follow. I follow more things, but now I can't remember the things. That's it. I wish we could all stay safe from any scams or hacks. Thank you.
 
 
 

Scammers are intentional scammers and we can't identify them easily because they launch their projects with good marketing even experienced crypto traders also trap sometimes so it's not possible to get rid of all scams. By own experience, we learn which projects suit us or not and one should not believe in the projects by seeing the rating.

Really not possible to getting rid of scams. Because as long as the loopholes are there the scammers gonna scam. As you said we can prevent scams in some extent by using technology, through our research and most importantly our emotional stability. How to protect money is important as how to make money.

not all are like that because there are still many people who are still naive and still tempted by the lure of big prizes so that they take careless actions that result in losing their money.
greed was still so strong that it resulted in them forgetting that such a thing was deception. but by seeing the lure of swindlers they forget about it.

It is possible if you do an intensive research about the project.

I just currently finished doing my research on one project just now and decided not to invest in it. Basically, I look for
their whitepaper, Partners (I'm looking for something big here), Developers and team that are actually showing their face much better if it is in a video AMA, and I also join their community eavesdropping their convo and looking for something shady.

So for me that's all, still haven't been scammed luckily.

I will personally answer, it is very difficult to avoid scam investments, especially in new projects that actually have potential. Because currently scammers also have a very clever strategy to trap investors. However, apart from that it doesn't scare me into investing even in a relatively new project because one of the keys to investing is to do it with money that is intended for investment. So, if the money is lost it will not have an impact on our finances.

I agree.
They're clever and making it look like they're trustworthy at the beginning and that's why spotting them these days is hard. But don't settle for it because there are still ways of finding them out especially if you already have the experience of being scammed. You'll get to see how they're working for their brand and if there's something that's truly suspicious, you'll get to see what they're up to. In that case of seeing a red flag and bad sign, you just have to avoid it then and don't push for it even if you're really seeing the potential with them. Because that could be hype at the first place that you've seen.

As long as decentralization in crypto is concerned, it is difficult, Infact, it's impossible to get rid of scams amongst crypto projects, we can only try our best through research to discover those projects that are scam and avoid them as well as warn other to stay away from such projects.
The only way I feel we can atleast bring the level of scams amongst crypto projects very low is if there is a centralized body like a government that will be in charge of monitoring and approving crypto projects to be launched, this can be by giving the legit projects license to launch while the licenses are denied for the shady ones.

I don't think it's just beginners who are exposed to scam projects, even people who have been around for years can be exposed to scam projects. Because a lot of tricks created by developers who cheat. For that as long as we are in crypto, we will always be stalked by scams. I've also lost money several times, but that's the risk.

It is not going to be possible to eliminate scam crypto projects completely as far as what causes scam is still around, and that is man. This is not only the problem of cryptocurrency but every where even in religious gatherings, both mosques and churches. Man and his greed is everywhere causing havoc to life and making the innocent ones lose money. Scams in crypto projects are more pronounced because they involve alot of cash and most of the projects do not have a physical address they can be traced to.


That is correct. It is not only beginners who get scammed but they are the most scammed. This is because they hardly know their left from the right.

There are many kind of scam that can threat people, not only about coins but many kind of investment that attract people to gain profit in short time. It is possible to avoid it as long before we made research before jumped into it, simple thing maybe seek in this forum and see how people respond about the project but we must know who really criticize it or who only shill it.

I don't think if there is a platform that can detect a scam projects completely. We can not avoid all scams because there are some projects looks genuine you will convince to invest the project but turn scam in the following days, so it's really difficult to detect a scam project but still do research at least less chances of getting scams.

It's absolutely impossible, of course, to be able to detect a scam project, especially with the development of technology, they also have many ways so that they are not easily detected,
scam projects are really troubling and we need to be careful

No it's not possible because we will always see new scamming tricks but to limit the chances of getting scammed one needs to avoid farming on lands thats never their to begin with, don't expect anything from something you never worked on, greed is the greatest scamming tool that humans find to hard to avoid.

I believe that if you are truley careful enough and do all your research and never sway from your security and op-sec, you will still, at some point in your life be victim to a scam one way or another. Its just not in human nature to be perfectly protected from trickery. So if you ever fall in the scam trap of some scam artist, I would say not to despair or self-hate. It happens to everyone, I believe. Still, the person who is more careful tends to avoid scams much more often.

Before making a decision always do good research, ask questions from people on here then you might be saved from a deadly move, there is no way forward in crypto space than learning and learning over again

If we are stop being greedy then we can be saved from a lot of crypto scams. It's our greedy nature that make us jump into unrealistic offers which are hard to believe. We should be careful in all such investments which give a very high ROI.
Getting feedback and learning about the company is the best thing you can do before investing in any project.

It's possible if we are as the investors and the crypto users do everything carefully and doing research before investing to any projects.
Evading scam is not hard if we are not greedy enough and quite doing research before doing anything because most of scam cases happened because the investors are interest in a project with super quick return and big returns, so that's why they are got scammed.

Many novices will be deceived because they are inexperienced. But there are also many experienced people who are deceived, because people are greedy by nature, they will confidently think that no one can deceive them, and some scammer projects will be very mature, so that people can't see the goodness of this project. Bad. Many people believe it and lose their money. We can only be more careful when investing and don't trust anyone lightly. Don't be too greedy.

Scammers will not do the same scam method for every project created, so they see every opportunity of the developing trend in crypto especially during the meme coin trend because scammers don't need to think about detailed concepts for scam project.

It is possible to avoid scams but investors need to be careful you cannot invest in any currency after greed. The market needs to be researched and moved forward check out the website that launched a new cryptocurrency support if candid commenters like crypto enthusiasts suddenly pop up on a few websites youtube videos and social media, those who speak negatively about the new cryptocurrency are brutally attacked consider a red flag and be cautious.

I think the method they use is the same, because if you look at the various kinds of tricks that are currently being made, most of them are the same and tend to be monotonous under the guise of a project with the lure of coin burn and fake GiveAway.
Indeed, there are still many ways they do it, but the method in their approach is quite intense and makes innocent and naive people deceived by what he says.

Yes, it possible for investors to avoid scams in the community by obeying the rules and regulations that guided cryptocurrencies. Once you buy coins when it is time to buy and you hold when it's time to hold for future profit making and you listen to the good news of the forum on the time, it will be difficult for such investors to be scam in the market.
Avoid short cut whenever you are trading your coins, so that you can achieve what professional investors are achieving in the community.

So, it means both experienced and inexperienced people can be deceived, right? If they are greedy and don't do deep analysis, everyone can be deceived? Well, I can agree with you, commonly those people who got scammed because they are newcomers, but some experienced people can be deceived as well if they are careless and too greedy. Being careful in analyzing a crypto project before deciding to join, is one of the important keys to avoiding scammers.

Scam is something that one can't avoid completely. Scammers are constantly inventing more and more new complicated ways to deceive people and the only way to withstand this attacks is making a good analysis and double check everything before you send money anywhere.

Guide
Find out all about the team of developers on the ICO project,
Do a check on the community and media,
Check the project stages and Venture Capital investment,
Read the [ANN] thread on the BitcoinTalk Forum
Read the white paper,
Check the quality of the code used
Learn from vc Investors,
Ico Legality
Simple Financial Advice for Investing in ico.

What is the purpose of following the project has been discontinued because it is just a waste of time and does nothing, if have tokens from the project then don't expect it to have a decent price, the project has been abandoned by the team then it is meaningless to expect it to recover.

I don't think scam can be eliminated but we can avoid it by taking a closer look at the project,
Many times many people enter projects just because they see the news circulating without understanding the content and researching it first.

Yes it is greed that leads people to getting scammed. You don't expect some things to come to you as big as they appear if not greed. Some people don't make effort towards anything and they expect to profit in it. Or they put in little capital and expect big gains and that was the reason Ponzi scheme had there way a lot of time. Greed is part of man and that is why scam will continue on the greedy people

Scams are everywhere and anywhere you least expected, and certainly there's no investments that will give you profits in a short amount of time. So, if you encounter that sort of investments that are just too good to be true then it's best to decline or avoid it early because that will really cost you your money and time.

It is difficult to determine which project is a scam or not, because sometimes a scam project also has complete information. however, although we cannot avoid scammers, we can minimize them. well, scammers have been around for a long time, and they can adapt. So, it's very hard not to run into a scammer. all we can do to minimize this is to do continuous and in-depth research.

Yes it's possible to avoid scams, get to know the do's and  don't and you'll know when it's a scam or not.
Do not invest your money in a third party, your money should be always in your wallet, news of how I made 4000$ with 100$ are nothing but completely scam.
It'll take a long time but at the moment I don't see scamming going to an end, everyone has to take caution of his /her self.

Yes, you are right, but if you want to invest remember that it is always good to read the project under which you want to make the investment, in fact it is very easy to be able to name examples under which many investors have lost a lot of money, because some just dedicated themselves to playing NFT and they lost a very serious amount of money, because everything was like a Hype linked to the unethical behavior of many developers, really, in order not to lose or not let yourself be scammed, it is better to trust the products that come from companies, or from recognized exchanges such as Binance .

I may prefer to call it something that can make us reduce the risk of being scammed. to be honest, avoiding the scam is really hard. only by doing research and identification alone, we can reduce it. in fact, it does not necessarily make us choose the right project or investment place.
some of the experiences that I have, even when I choose a good project, and have a pretty strong base. however, when the CEO does have the intention to do so, then it will be very difficult to avoid. However, it can be minimized by continuing to do updated research

The answer for the question if we can possible avoid all scams probably its a YES. Yes in a way where we can make it to ourselves only it's good to know if you have friends, colleagues that you can ask for checking it but most of the time you are trading and investing on your own so it's a must that you know how to check the project, sites, background check if it is legit or not. Proper research is a key to spare yourself from those scams and always keep it in mind if the thing is good to be true there must be something that you have to check.

I have reviewed one of the audited projects, based on the subject of the audit report that was reviewed only related to vulnerabilities and attacks on smart contracts, but the feasibility aspect of the smart contract review was not sufficient to complement the audit report but indications of scams were found since large volumes of trading activity damaged liquidity until the price falls.

 Scammers are everywhere with a lot of different tactics and strategy just to scam people. They always disguised and pretend to be a good and succesful project to attract inbestors. To avoid such kind of project, you should be very careful and do a depth examination regarding the project before jumping in. Having enough knowledge about investing is very significant factor to avoid being a victim of scammers.

Thanks guys, very detailed guide to verify ICO but for new coins listed on exchanges that offer high APR stakes so it is important to first check the detailed guide above before the coin plunges to the lowest price.

This is a good guide that must be taken note by everyone. Thank you for this @valak. It is really challenging to discern which is which nowadays, especially that scams are rampant. And one thing we could do is to be doubtful enough to drive us to really scrutinize every detail that we could check to bring assurance somehow. But as they say, you’ll never really know so one should not be too complacent even after doing research.

It is possible to avoid all scams and it is also not possible. It is possible when you decide to avoid anything about investment in this place we are, by that way you will avoid being scammed.
Provided that you are investing you will one day fall a victim of scam in the place.

Because indeed this is an impossibility even if we are careful but still everyone who has been in this realm I think must have felt cheated and indeed it is something that cannot be controlled even if we do not want this to happen.
On the other hand, it can actually be used as a reference and a self reminder for us so we don't get caught up in the same mistakes again

In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.

In addition, the fraudsters also have many ways to trick their victims and this becomes very difficult to avoid,
just be careful i don't think it will help enough,
What's clear is that before joining the project, do some research first and we can't ignore that because it's important too

A platform that can detect scam is not a 100%, we can not avoid all scam projects because some of them looks convincing and promising but a scam, it is difficult to detect them but still my advice is do your own research because at least you know what kind of the project that they running, you can still avoid the scam project just be careful what project do you invest.

And this is I believe one of the drawbacks that can be found in crypto space and as much as we wanted to get rid of those scammers I don't how would we going to do it but one thing would spare us to be a victim is to be observant and be cautious about the project. At the end of the day we ourselves are only the one who could help us to spare from those scammers. Always practice reading the white paper or have a proper research about the project before you invest.  

It is possible to avoid scam projects but not entirely because some of the projects keeps changing their strategy to make their project looks real as possible if you'll be careful you can avoid them but it's really hard to filter out real projects to scam projects that's why I don't invest to new projects only if they only deliver what's on their whitepaper or if they are carefully following their roadmap. Results matter so I look to those things.

ya.ya.yo!

True, scammers are so much clever these days. They have so many ways to scam us with different strategy they have prepared after this time. As long as we know how the basic scam works and then I think we can avoid some of the scams out there by just sparing some time to do a research rather than do it blindly by some of you guys in here. As long as the scammers are successful with their scams then it keeps going.

To be honest, I can't tell which projects are scams and which aren't because they are all packaged in the same way which makes it easy for investors to get attracted to the benefits that scamers provide.its hard to avoid scammers I've been fooled 3 times in the scamer project and that's enough. I will now only follow IDO on binance or launchpad on exchange platforms whose projects are well verified, unlike ICO full of scammers. Be aware guys with your investment

If you find any offer or scheme which promises you unrealistic gains, then it must be a scam project which will scam you sooner or later. The only way to be safe from a scam is to stay away from the quick rich schemes.  Another thing is to stop being greedy because if you are greedy it's likely you will accept unrealistic offers or invest in potential scam projects.

You can lessen the chance of scams but it's not possible to avoid them all the time even sometimes you can be trapped whether you do proper research about the project. I believe it's not easy to identify scammers. I never heard about the Checkdot project. You can get rid of scams with your knowledge and proper research before investing in any project still I feel finding all the things right can end up a scam but nowadays I see most of the projects do audits to show they are legit but I don't have an idea about this whether it is trustable or not.

We are less likely to be scammed if we only invest in major projects or currencies that have reached rank 20. You can check out DAO maker, Orion protocol is just one of their successful launch. Going back, if we participate in new projects, there are risk but a great reward, you just need to DYOR real good. 

This thing you said is true in most cases but in some cases it will not be true. Because you you examine very well in the market of cryptocurrency you will discover that at some times big projects use to fail. Especially when they change hand of management. Then you will not know that the hands of management  has changed and within some times you will end up being scammed.

Yes possible, Just don't talk about your financial matter to someone anonymous.
when you started taking an unknown person secretly that means you give him the 1st opportunity to scam you.

It is not possible to prevent those scammers, the better thing you could do is keep cautious. Sometimes scammers always DM/mail you first out of Nil,
Sometimes they will give you unbelievable offers, sometimes they give you some ROI to boost your greed, and when you will invest huge money out of jealousy you will get scammed.
So, the main solution is to control greed and not talk too much with strangers.
 
oh yeah, you are talking about crypto scams, to avoid scam projects just do a little recherche about the project, read their whitepaper, read the details about the developer team. If you think the project and team are reliable then invest otherwise skip them.

And that's why they are the target of these scams. The scammers know that there are many people that are aware of their tactics. But they also know that there are many newbies that they can still snatch. As for those experienced people that are still deceived, many of those experiences are not enough for them and that's why they're still fooled. I agree about the nature of being greedy, it's one reason why we invest on those projects that promises big gains but in reality, when they promise like that, it should have been a red flag already.

That's the problem, even with experienced people on the internet, even they know it's a scam, they will still test the investment because their reasoning is, as long as it pays on the early operation, it's good. And because that's their reasoning, they will drag those inexperienced ones to become their referral.

That cycle will just repeat and repeat. There's no solution for that as there are still people who will fall on the scam scheme even with experience or not.

Scam, fraud and Phishing will never gonna be rid or eradicate because it will always be there regardless on any circumstance but you can avoid it by making the right decision and thinking first before entering in something that you don't know yet. Always remember that it is very important to do plenty of research to avoid getting scam or fraud.

I agree with that and we have to accept that fraud will always exist from time to time,
even so that does not mean we have to just give up, however we need to try to avoid it,
indeed research is very important and before investing or joining a project we need to do that

yep, you can't avoid when the person is really planning to scam. In fact, there were a lot of projects last year that did rug pulls, even though the projects were successful at the start. it is very difficult to avoid the risk of a scam, even in any type of business. however, what we can do is minimize this, and standardize the investment places where we will invest the money we have.

Scam is scam right? So tell me how is it possible to avoid scam always because even if you don't fall for phishing and go for good projects the team might decide to exit scam on you, remember scam is scam, another one is projects that got hacked and users lost their tokens isn't this a scam too?

If it's really a good project they wont abandon the project, why? Because it can be worth millions if they keep developing it's project and I will call them stupid if they leave it lmao. It's absolute that a bad project has a lot of uncertainty in their project like their roadmap, their team, etc. I won't say it is a scam if a project got hacked if it wasn't done on purpose.

I believe you are right. Greed is basically it because even when some investors or traders see that the projects don't look right they still invest in it because they feel they can make quick money from it. Investment is all about calculation and looking for established projects even though we could say that scams could not be 100% escaped.

I do not believe that the problem is there, the problem is the lack of research that people do not do when they want to create an account on any site, a great example of this is that people who created an account on the site of your signature today are complaining funds have been frozen and your signature site does not respond to them and does not return people's money


I agree, if people start researching more before creating accounts on the sites then they won't be fooled

I think it's impossible to avoid scams, if we invest in 10 projects there will always be scams, especially if we hold it for the long term there will be a lot of dead coins, this is because of intense competition and of course it can make coins die.

Of course it is possible if you look closely at the project and ask the project manager who is in charge of the project whether he is good or not, whether he is legendary or his background is good.  Take a good look at the background and, of course, do a Google search to see if the project you are working on has a discussion or mention of the project in the ICO.  It is very difficult for me to win in this way so it is not possible to get rid of 100 out of 100 scams exactly.

it is definitely 100% impossible to guarantee the protection of savings in cryptocurrency, but with the observance of security measures, you can minimize the risks of hacking, for example, use hardware wallets, do not download dubious programs, keep seed phrases in your pocket and do not transfer to 3rd parties.

Sorry, maybe you are not careful about what is meant by the content in this thread, because what is meant is to avoid scam when we invest in Crypto projects, not scam in storing assets in wallets so this will be very far from the topic above.

To avoid project scam, of course, we have to look for many references to prove that the project is really handled by a very competent team so that the project will continue to be developed by the project owner so that we will not hesitate to enter the project.