Avoid Being Scammed Again

[charlotte04]

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 articles links about different scams and how they work so you have idea what are different scam strategies,
so you will have an idea what are the different scams and you can easily spot 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 have been scammed for so much awhile when I was still new in Bitcoin. But now that I have learned my lesson, I am now a profitable investor with a good outlook with cryptocurrencies.

[Ronni]

I loved the points that you've tackled here, it is very helpful for all those bounty hunters and also the investors. Also, the beginners in cryptocurrency will benefit from it because they will have the knowledge on how to be smart in investing in cryptoworld, we all know that being involved in crypto is very risky and this is a great way to enlighten us on the possibilities that might happen.

[jgaspar]

hi, for me it is very good information, simple but includes all you need when you choose project to invest, thank you very much

[nightxglow]

Thankyou for providing such a great information like this. I hope this will help all the newbies in this cryptocurrency world that want to start investing their money, but afraid of the scams that's been happening recently.
The articles you stated also gave me a lot of new information, and i hope it will be useful so i won't get scammed again in the future.
But still, we all know they're just theories, and won't really ensure that we won't get scammed again. But it's better to be knowledgeable and careful rather than know nothing at all, right?

[ArkiCrypto]

Thankyou for providing such a great information like this. I hope this will help all the newbies in this cryptocurrency world that want to start investing their money, but afraid of the scams that's been happening recently.
The articles you stated also gave me a lot of new information, and i hope it will be useful so i won't get scammed again in the future.
But still, we all know they're just theories, and won't really ensure that we won't get scammed again. But it's better to be knowledgeable and careful rather than know nothing at all, right?

Yes you're right we aren't sure that we won't get scammed again because the scammers are also improving their strategies on how they will scam that's why there's no such thing as safe investment in cryptocurrency industry you will need to have guts in order to earn profit here but after all even though it's not enough not to be scammed again it's still better if we have at least basic knowledge about how they scam or how to avoid them right?

[arifin eky]

this is information that is needed by all ICO users especially for beginners like me, so the beginner can distinguish which one is scamed and which is open. once again I say thank you.

[aioc]

They are getting better these scam ICO they have the money and the resources to make it appear so real I have victimized several times, the latest was nametoken, these scam Ico appear great when they are starting out but fades once they collected the funds from the investors and the investors did not run to these people they just charged it to experience.

[gunungkembar]

fully agree with you and I think this kind of information is very important for new traders who are still confused to determine a scam or not.

[triplef]

This review must be shown to every newbie on this forum. At the beginning we all made so much mistakes and I think all newcomers would be thankful for such advices.

[lifetimebitcoins]

thank u for providing all usefull information regarding ico scams and bitcoin scams which are happening every now and then we should be aware of this scams and protect ourselves

[maikala]

I very much agree with your opinion
This post is very useful to us
It makes a solid choice for fraudsters

[cammie16]

Thankyou for providing such a great information like this. I hope this will help all the newbies in this cryptocurrency world that want to start investing their money, but afraid of the scams that's been happening recently.
The articles you stated also gave me a lot of new information, and i hope it will be useful so i won't get scammed again in the future.
But still, we all know they're just theories, and won't really ensure that we won't get scammed again. But it's better to be knowledgeable and careful rather than know nothing at all, right?

Yes, it is a guide for us to avoid being scammed and also a warning not to easily make investments or anything that money will be involved. But sometimes experiencing being scammed will taught us more lessons.

[doreraj]

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

[A Feeder]

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.

Thanks for your good advice. But, I have a question though. What if their telegram group only possesses members of less than 5000? Does that counts as a form of scam? Nonetheless, I never read all of the whitepaper but thanks to you, you had changed my mind.

[iram3130]

I think the newest entry is "Impressio". They started off saying that their pre-ico was sold out and they will be a full-fledged lending platform after the ICO. I dont know whether they got investments or no but they have vanished with all the investors money who invested in their "Plans."

[dutchkay]

Too many ICO these days and too many scam projects looking for people to run away with their funds. The scaming of ICO is already getting heated and getting worse daily. Though i don't blame them, after all ICO is place to pack peoples money just that giving them shit of load crap which you drafted in your bedroom. Some ICO scams are very crafty that you won't even see them coming. Even after doing all the research needed. My advice is just invest what you can afford to lose in any project and trust none of them.

[sikaola]

Thank you for sharing this, I think it is all about the real thing now, but every person who invests in this market must be responsible for his work.

[@oweljayr]

I agree but in some points, almost all ICO projects are professionally the same with their presentation.  It is really up to all of us which one are we going to choose or should I say taking the risk to invest with.  And yes, research will give you a big point.

[Pinkris128]

I loved the points that you've tackled here, it is very helpful for all those bounty hunters and also the investors. Also, the beginners in cryptocurrency will benefit from it because they will have the knowledge on how to be smart in investing in cryptoworld, we all know that being involved in crypto is very risky and this is a great way to enlighten us on the possibilities that might happen.

Yes it was good that someone disccusses those things about it. It will be so helpful to everybody so that we will not be scam. This just say that cryptoworld was not that easy and it was risky to invest on it thats why wee need to be careful. We get so many knowledge from it and im hoping that people will follow it.

[ETHtotheMOON1]

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 articles links about different scams and how they work so you have idea what are different scam strategies,
so you will have an idea what are the different scams and you can easily spot 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 have been scammed for so much awhile when I was still new in Bitcoin. But now that I have learned my lesson, I am now a profitable investor with a good outlook with cryptocurrencies.

there is no shame in being scammed, it's important to learn your lesson and move on. If you get it right, next time you will be able to make better decisions.