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I've been involved in a lot of projects that turns out to be scams, or the dev rugs. But still consider myself lucky because I don't invest too much money on projects that are quite suspicious.
And I've witnessed also hundreds of people lost large amounts of money in the crypto space. And now seeing crypto being the second largest source of scams is as I expected. And it cannot be stop and will never be stop. Few projects already tried to provide platforms to detect scams, provide safe projects for investors yet not all of them are hundred percent effective. Scammer developers keeps on finding ways to crack the system. Our only option is just to get used to it and be wise with our investments.
I think, many people has learned from your mistakes not to invest a huge amount of money on a new project they are not sure it will be successful in future. Those that found themselves in scam projects, are those people looking for short-cut in crypto investment to earn massive income within one day that later cause them regret at the end of the investment. I believe scammers has reduced from crypto investment, because many people are now follow the rules and regulations that guided crypto investment not to allow any scammer to have their way into their money. And I've witnessed also hundreds of people lost large amounts of money in the crypto space. And now seeing crypto being the second largest source of scams is as I expected. And it cannot be stop and will never be stop. Few projects already tried to provide platforms to detect scams, provide safe projects for investors yet not all of them are hundred percent effective. Scammer developers keeps on finding ways to crack the system. Our only option is just to get used to it and be wise with our investments.
some projects now are more tidy and change containers, I agree with you anything can happen.
in the direction of other friends, indeed the past can teach valuable lessons with a little calm and delay when emotions peak. And an addiction to follow projects and DYOR that is too forced, indeed we come to know what signs are enough to mark the signs in our planting our crypto capital
Yeah When I read this I was thinking the exact same..!
Best regards
Espen, Sales at Forbrukslån
