Avoid Being Scammed Again

[Ance99]

thank you for this information as a learning of the many members who were deceived from the project that the shape is convincing but the result is a scam

[1714752860]

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[jirene21]

I agree with this, Although this post may not be totally helpful but there are some things I learned from this. Just like what you've said there are some projects that looks very professionals, all the information was written, perfect whitepaper but ended up being a scam.

In investment the risk is always present so all we have to do is to be responsible in every investments/actions we're going to make.

Yeah, you have a point every investments are risky, although you know that person by the information in the internet but you still dont know its real identity, so if I were on you just be smart on picking where you will invest your money.

[Girlsbit]

It's very difficult to check everything.  There is a choice to trust or not to trust.

[AK47-]

You got some really great points for preventing people from getting scammed. Team is the key here. If team doesn't really have any background, it is most likely a scam. Many fake ICO even use stock images as a team member. This can be easily identified through image finder. Always do a thorough analysis of the project you are investing in. Never invest because of hype or someone suggested to invest. Because ultimately you are responsible for your investment decisions.

[mrFuzz]

I'm a newbie to this industry and read about different ways in order to earn profit from the crypto world and one thing common I've seen in different sites is that most of them has an ICO but i'm lucky to find your thread and read about different criteria to look on choosing right ICO as well as different scams.

but i would like to share the things I've searched about internet scams that may have an effect in investing to ICO as well as different scams:
https://commodity.com/cryptocurrency/avoid-scams/
https://ethereumworldnews.com/beware-avoid-these-7-cryptocurrency-scams-happening-right-now/
http://smallbusiness.chron.com/types-internet-fraud-work-61078.html
https://blogs.lawyers.com/2011/08/10-most-common-types-of-internet-scams/
https://www.scamwatch.gov.au/types-of-scams

[littlePig]

That is what i wonder about. I also need the answer, if you have, please share with us. tks a lot!

[AmeSakibimasu]

I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in.

This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency:

• Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
• Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
• Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
• Check the Projects professionalism (How they handle users, control frauds, etc.)
• Follow their Roadmap and other technical details and see if they meet it on time.
• Look for the projects community and see if the community is active.
• Look for special proof and validation.
• Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.

This topic related articles may help you feel free to check:
https://www.entrepreneur.com/article/306563
http://strategiccoin.com/3-ways-to-identify-an-ico-scam/
https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/
https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/
https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

Edit:
I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them:

https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060
https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
https://blockonomi.com/exit-scam/
https://coinsutra.com/cryptocurrency-scams/
https://www.makeuseof.com/tag/common-cryptocurrency-scams/
https://themerkle.com/top-3-types-of-bitcoin-scams/
https://www.finder.com/ph/bitcoin-scams

NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes.

Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao.

PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us.

I absolutely agree with your statement and also i had learn more things to be avoided being scammed again here thank you for reminding and sharing your ideas in avoiding scams because we all know that we are working here hard so we expect what we expect in our salary not just salary or even more
I hope a lot of people here learn some tips or ideas earning money is to risky but all you can do is learn from mistakes. life must go on just keep to yourself to improve more.

[lena1]

The article is actually very useful, but even it will not help to avoid literate scammers, or simply not successful projects!

[pat25]

You got some really great points for preventing people from getting scammed. Team is the key here. If team doesn't really have any background, it is most likely a scam. Many fake ICO even use stock images as a team member. This can be easily identified through image finder. Always do a thorough analysis of the project you are investing in. Never invest because of hype or someone suggested to invest. Because ultimately you are responsible for your investment decisions.

The golden rule is: Do your own research. If you do your own research you will be able to predict the future of your chosen altcoin/ICO and you will not sell your coin in loss.

[@prashant]

There are plenty of article and information on scammer but still new user become victims of it because of their greed,and generally low rank bounty participant help them promote scam project as they are blinded by offered crypto currency and generally new holder become victims of phishing site and give their private key and then blame others. So stop going towards free money as there is nothing free.

[Rhaizan]

There are plenty of article and information on scammer but still new user become victims of it because of their greed,and generally low rank bounty participant help them promote scam project as they are blinded by offered crypto currency and generally new holder become victims of phishing site and give their private key and then blame others. So stop going towards free money as there is nothing free.

Now a days it's really hard to find a free money and if you will focus on free for sure you will always be victim by scam, just focus on how to earn a real money not just a free, remember it's better to have a money with work hard . Don't be greedy just because of free money.

[btctalk123]

Nice statements bro and well delivered. for avoiding not being scammed is to be careful everytime.

Security in the internet and of course if you're using crypto wallets it's very important. You must be very patient and careful saving your password and keys.

[hieu1418]

A few years ago I was willing to contribute to translation project and when I came across a certain project, I applied for translation program. Later I spent almost 6 hours to complete the translation of their announcement topic along with the graphic design of new language topic. Within a month I realized that I did a mistake by not doing enough research before applying because that project was recognized as a scam and everyone lost their money including me (as I lost my worthless bounty rewards).

[lubah]

I've seen many users complaining about being scammed by ICO projects most of them are new investors which probably gonna be the next generation of investors in cryptocurrency industry. I've been here in the cryptocurrency industry for a year and I've invested into different projects and seen how they disappear in the thin air, so to avoid this I want to share to you my criteria on choosing the right ICO or project to invest in.

This is not guaranteed but maybe in some point it may help you atleast to reduce the possibility on getting scammed by ICO's, the list below are my personal criteria how I choose Project to invest with using bitcoin or other cryptocurrency:

• Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
• Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
• Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
• Check the Projects professionalism (How they handle users, control frauds, etc.)
• Follow their Roadmap and other technical details and see if they meet it on time.
• Look for the projects community and see if the community is active.
• Look for special proof and validation.
• Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.

This topic related articles may help you feel free to check:
https://www.entrepreneur.com/article/306563
http://strategiccoin.com/3-ways-to-identify-an-ico-scam/
https://cryptona.co/valuable-tips-to-avoid-a-ico-scam/
https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/
https://medium.com/@99cryptoman/how-to-avoid-scammers-when-investing-in-ico-489cfadcb0f6
https://www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/

Edit:
I've added this article links about different scams and how did they work so you have idea what are the different scams strategies so you can easily spot and avoid them:

https://steemit.com/cryptocurrency/@veeev/scamsintheworldofcryptocurrency-rzd5dwo060
https://techcrunch.com/2017/12/07/6-red-flags-of-an-ico-scam/
https://blockonomi.com/exit-scam/
https://coinsutra.com/cryptocurrency-scams/
https://www.makeuseof.com/tag/common-cryptocurrency-scams/
https://themerkle.com/top-3-types-of-bitcoin-scams/
https://www.finder.com/ph/bitcoin-scams

NOTE: Investment is one of the riskiest way to earn money. Invest only what you can afford to lose, in investment there's only two possible outcome it's either you will earn or you will learn. Learn from your mistakes.

Just like what I've said this steps are my personal steps on choosing ICO/Projects in where I'm going to invest in. This may not help you but I hope you'll learn at least a little in my little sharing. Have great day every one, ciao.

PS. If you have something to share in order to avoid scam or any topic related feel free to share so everyone will learn from us.

Very informative article you turned out. It will take a lot of time to study it. I agree with you that there are a lot of scammers and each time they mask their scams, under an interesting startup, which we call ICO.

[Shame_Game]

Any ICO always has a risk of scam. The only, on my view, an effective way to struggle with scam - write here on forum about such cases. And perhaps now is not the best time to participate in ICO!

[tonyosa]

It is very common these day for project to make outrageous claims that they have raised some million to create a sense of importance and thus lure investors, SO I will add that one should also check their contract address to see their funds received or claimed to have received.The nature of transaction on the account can tell a lot about the owners.

[deus030518]

In essence a person needs to learn self regulation as this industry is not centralized and no entities that are regulating potential projects that you would want to invest or participate into. Even in the stock exchange market there is only a certain degree of regulation as investors can still lose money.

[cerberus5424]

This is a great plan to action if you want to become an investor or just take part in a bounty company but can not decide how to choose a project. But I should note that sometimes, even if you carefully check the project, as described here, you can still stumble upon scams, but this action plan will reduce your risk to a minimum.

[SplendidHunter]

This post is very useful, you explained very well and helps me too. I joined and invested in some Ico, and my goal is to make a profit, but part of this ICO has turned into fraud, not success. It looks like spending money, but you need to move on and invest again. But this time I'm doing some research on the background.

[Balorck]

I agree that it is very difficult now not to run into scams ( every day more and more .