Avoid Being Scammed Again

[Brookie]

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 the information you provide, this is really helpful to many people who read it. I think what you wrote above can all be applied to avoid a scam. It is now too much Scam in cryptocurrency, because they can easily benefit through the scam.

[riptv]

Linkedin may be really helpful in your research whereas you can see the team members background and when their profile was made also if they had some known connections as well as recommendations.

[Ayaancool]

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.Another way to prevent getting this page in the future is to use Privacy Pass.

[Dudeperfect]

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).

[Rodeo02]

No body want to be scam but some of us are too lazy to research what is good or bad, they only want an easy money so those scammer attact, know a days scammers are so great. All I can say is be responsible for what your doing and good luck.

yet there is some of the scammers that are too lazy to make money and we are here not just to take all of the opportunity that may come what we also have to take is we all know how to know or identified some of the scam projects that have been made of the scammers.

[Dingdong7]

I totally agree on you, Ive been scammed many times and many of those you mention are the things I failed to do. Finding a good project really demands a lot of things to consider and lot of reading to take. Reviews and background information about team's previous work will make a clearer idea on what legit project is. Most of the project available are making scam, the above is a good guide to look at when from finding a better project.

[Neconic]

The world is full of hackers and scammers. You have shared a very insightful post. I highly recommend newbies to read this post. I believe the authoritites also need to be active and take rather strict action against such culprits.

[charlemagne_15]

Thanks for such informative post. Investment is all about taking risk. So every investor is responsible for his/her own decision.

I agree with you! We are all aware that investment really take risks so being scammed by others is a consequence of it if you really not look into the background of the one who you're investing with. The given statement of the creator of this thread is helpful yet we don't know what,when,where the scam will take place so I suggest  please be extra careful when you put your money into something and be strategic and wise in performing plan.

[ajoygb]

We can avoid being scammed or victim by not so excited to get involved or getting rich but instead you need to investigate and see what is real or not..

[Glorypaasa]

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 agree because there are many investors does not have knowledge before putting their money into new ICO project and this post is very helpful for the aspiring investors and I'm sure if someone read this post they will follow this step to minimize the risk on every investment they going to take.

[Jimrch]

Still thankful that ever since i started on bitcoin community, i am not yet scammed. Hopefully i won't experience To be scammed.

[Johnyz]

Still thankful that ever since i started on bitcoin community, i am not yet scammed. Hopefully i won't experience To be scammed.

Its good to be scammed sometime because you will learn from it, I personally made a mistake before but of course I bounce back high with a help of cryptocurrency. Keep yourseld updated here in the market and don’t invest if you are not confident about the project and the team behind it.

[TheClownSong]

Still thankful that ever since i started on bitcoin community, i am not yet scammed. Hopefully i won't experience To be scammed.

Its good to be scammed sometime because you will learn from it, I personally made a mistake before but of course I bounce back high with a help of cryptocurrency. Keep yourseld updated here in the market and don’t invest if you are not confident about the project and the team behind it.

Experience is best teacher. Some peoples learn from their mistake and some dont. In crypto world, we should always carefull before we investing our money because its new bussiness and not many peoples understand about crypto. I am believe learning from experience will guide us to better future

[jessica2020]

Thank you for the information that we need to avoid scammers. Recently, I've been scam and from this I learned a lot and have a knowledge to avoid scammers and phising sites.

[GDragon]

It will be very useful to us, you deserve my big thumbs up for you because I don't have merit right now so maybe thank you for now. Preventing the scam with the use of your tips wpuld be great.

[KID_28]

I totally agree with your tips. In order for us yo avoid these type of scams especially newbies, we have to research and be observant. There are those scammers who are waiting for you to tale the bait and scalp money as much as they can.

[Luigieee]

You can prevent being scammed just be smart in everything in crpto,my little advice to you is make a research about the project want to invest this make sure that will gain and not be scam,and also be strictly active in their social media sites like fb ,twitter and so on.

[MedicineVNT]

I really have not been scammed so I do not doubt any program, most of the programs have the sincerity of it you can trust in the program ico is co-trust, you should not have negative thoughts on the ico program

[kasemin]

Yes now the scammers have also developed their technique. They plan so many things beforehand so it becomes very difficult to find a fake social media profile. The attributes mentioned on the website can be sourced from a professional content writer who returns to a very difficult to see name. Many investors are tricked by some Ico. because of this too, some social media prohibit Ico ads. I think you as an investor must be good at choosing Ico by studying in depth through their project and their team before investing. I usually believe Ico if there are some amazix people who manage Ico.

[cyruh203]

i wasscammed before and i learn lesson from it specially in joining ico's. i have to read and check the background of the project before i am going to invest. other people cannot avoid scam because they them self dont check the background.