Avoid Being Scammed Again

[jerrison]

being scammed is as a result of a little bit of information one has not or is yet to possess as it is what equips one against the schemes of the hackers these days.

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[adzino]

being scammed is as a result of a little bit of information one has not or is yet to possess as it is what equips one against the schemes of the hackers these days.

Just gaining information won't keep you safe. Sometimes just using common sense will help you doge a huge potential scam. Stupidity is what leads to people getting scammed or hacked. Just be careful about what you do and think twice before you attempt to do something.

[Feranhum]

this is data that is required by all ICO clients particularly for novices like me, so the amateur can recognize which one is scamed and which is open. indeed I say much obliged.

[blazsqd]

This post is very helpful for all the prize hunters as well as the investors. we all know that engaging in crypto is very risky and this is a great way to give us enlightenment about a possible possibility. I will try to be more selective and aware, then not easy to believe in the network especially when you do not know who the maker is.

[PurpleNights]

It's almost becoming normal to hear people cry of scam these days, and it's become tiring. I really do wish there's something urgent and effective that can be done towards preventing these scammers from carrying out their job. I would advise that people be weary of the sites and airdrops or bounties they involve themselves in. Be careful of the ads you allow on your browser too, you can never be too sure. Also, never share your personal data with anyone you meet over the internet or someone you do not trust.

[Danisababy]

Yes this is very informative. I am also one of those who experienced being scammed by ICOs, and I have learned my lesson. Yes, it is indeed helpful for us to check everything about the ICO before investing in it and joining its bounty campaigns. Each and everyone of us must be very keenful in choosing which ICO to invest or join.

[SunoCN]

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.

Thank you for a great topic, It can help people who investing in ICO a lot. I just make some bonus:

- Check the Background of the team: from LinkedIn, Google, do they have high experience in cryptocurrency, blockchain,... How about their last project going? Why did they abandon it?
- Check the Social media accounts: is it new? do they post any important information of the project growing there?

Hope you will choose a good ICO and make some profit.

[coinuser4000]

Nice summarization.
Everything is not about the money, but about the knowledge. In ICO you can invest only few bucks, but you can multiply your money many times!

[jacafbiz]

There is no way we will have a market this big, over $300 billion  and not have scammers in the space. Most people who got scammed are either greedy and fail to see the obvious. I could remember when here on this forum Bitconnect were called scam, some people stand up for them defending the Ponzi and we all know how that ends. Read and research the project

[avivsun]

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 think ICO as we know them almost dead, always read carefully the ICO white paper and learn about the team and their project execution capabilities!

I heard many stories about ICO review so DYOR - Do Your Own Research!

Here is a guide on how to detect ICO Scams I wrote
https://101blockchains.com/how-to-spot-ico-scams/

Hope it is helpful

[Benabod]

What a useful write up, so many bitcoinist will find it useful but I'll share this candid advice to potential investors not to be gullible and greedy... Do your homework by digging deep about the project before investing and lastly invest 💰 you can afford to lose

[dntkcoin]

I recently heard about this eosGAS airdrop scam where they tolled people that they are getting 10k eosGAS tokens. Lot of people registered but it turns out that it was scam they were asking people to verify their wallet on their site which looked like mew and they were stealing peoples private keys.

[Dart18]

Or. You could be the victim and next time you wont get scammed again.
That is the fastest way.

In terms of prevention though, what he said will be good pointers to consider. Do not just jump into the hype. Research and do it over and over.
Check their social media. There might be clues there for legitimacy checking. You are fighting pro scammers so better be pro in digging who they are.

[Arkhi]

Your exposure is quite helpful for us, so we have a broader perspective on ICO. Investment does have a big risk, but if we can conquer it, there will be a very big result that we can get it. And some mistakes from getting stuck in our scam ICO do not make us regret and resign. There is much science that we can get from the mistakes we have experienced, to be more careful again in choosing ICO.

[citydragoon]

This fear is widely spread on the cryptomarket and this problem is really very actual for this time. I agree with your points how to avoid it. I follow some of them.

[mithungee]

Thanks  a lot for useful information)
Hope someone gives you a merit for your job!

[mithungee]

Top rated details...thank you

[hohuan101]

hanks for this helpful post! I do not invest in many ICOs so experience is very limited. I can only try to read the project as thoroughly as possible and analyze them. Then if I believe I will invest in it.

[Rejinx]

this is break that is requisite close to each ICO owner remarkably championing novices allying me, so the beginner divulge apart which individual is scamed and which is out-of-doors. on a former matter dorsum I say thank you.

[ardodd]

The problem of scam is very acrual nowadays and it couldn't be avoided because of it too serious influence on the cryptomarket's development and recieving investments.