SCAMS IN CRYPTO & HOW TO RECOGNIZE THEM

[irsada]

perhaps with posts like this give awareness for us if you want to do something in the world of crypto must be careful in every step.

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[Mahanton]

Some users here got scam already because they create same username and email in different site so better not to do that then we should create new username and password if you afraid to create new one because that's hard to save i suggest to write your username and password to notebook then save in telegram then for more good try to save also in social site

Yes,it is better to have separate email address for participating in bounties and use different kind of passwords to save ourselves from scammers.Better to keep the passwords not in digital form because the phishing links can copy our clipboard.

Ive been doing this after i do experience last time when my main email been hacked i dont know how it happened but im now careful on engaging to things which i do have email registered on each own bounties and airdropts.

For the post and OP, this deserves merit for all the effort being putted on here where do make warnings for those people when it comes to potential type of scamming attempts.There are lots of ways thats why we should really have an eagle-eye type of eyes. hahaha

[jvdp]

Some users here got scam already because they create same username and email in different site so better not to do that then we should create new username and password if you afraid to create new one because that's hard to save i suggest to write your username and password to notebook then save in telegram then for more good try to save also in social site

Using multiple accounts on where you mean bro, If you want to exchange on the altcoins in the trading site I am not sure what is wrong in that. If you want to create the multiple accounts at this forum means that is advisable and not tolerated too.

I think scam op asked and you have mentioned both are different only mate.
Then scam in ICO project may here from the bounties and then investment over any airdrops and etc...

[Ca$hmaker]

Thank you guys!
I'll update this thread.

[Ca$hmaker]

Update: In the next days I'll add "Pyramid and Ponzi Schemes"
Stay tuned!

[Ca$hmaker]

Part 6 - Pyramide & Ponzi Schemes

The Ponzi scheme (similar to the Ponzi scheme) is a supposedly lucrative investment in money, but it only works if there is continuous fresh money flowing into the system, which is usually only possible through newcomers.

The Ponzi scheme can be identified by various factors, including: on the guaranteed return. As long as new investors join in, the system works. In this case, sufficient capital will be available to disburse existing investors as long as they do not withdraw and reclaim the investment.

A well-known example is BitConnect:
BitConnect promised to take Bitcoin Investing to another level and open it up to everyone. For this, the makers behind BitConnect have introduced their own Coin, the BitConnect Coin (BCC), and a few months later the BitConnect Lending platform. With the platform, it was possible to invest in automated Bitcoin trading and benefit from daily distributions.

As you can see very well in the following picture, BitConnect profits are above average (even if the return on Crypto can be higher) - 40% per month for a passive system is unrealistic.





It is very easy to see what happens when the system collapses.
The danger with this project was that many - also known - creators, influencers and Twitterers actively promoted the project and presented it as an ideal source of income. Why? Because they used their referral codes and were thus rewarded for every new user. In the end, the followers paid dearly their trust in those.


Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

[stomachgrowls]

Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.

[shesheboy]

Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.

why continue even if you know that it is already a scam?  that was a totally dumb and idiotic move to do. but at the end those people that got scammed are only crying without doing nothing for their money because they cant do also anything due to the fact that scammers are verry hard to find and caught online . it was their own mistake anyway , so their are the ones that we should keep blaming on and not the scammer or any other ponzi schemes.

[ultrloa]

Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.

People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.

[Ca$hmaker]

New Ideas and suggestions are welcome guys to keep this thread alive 

[tweetbit]

If I have smerit on my side I would not hesitate to give one. Nice thread and informative. Keep on sharing that is helpful for each member and you will be given back much prayer for your success.

New Ideas and suggestions are welcome guys to keep this thread alive  

Bump to that.


I definitely wanted to see a post alike this one on the pinned message on any section of this forum. As I have not read one of its kind.

“RISK comes from not knowing what you’re doing.” •Warren Buffett

[Ca$hmaker]

If I have smerit on my side I would not hesitate to give one. Nice thread and informative. Keep on sharing that is helpful for each member and you will be given back much prayer for your success.

New Ideas and suggestions are welcome guys to keep this thread alive  

Bump to that.


I definitely wanted to see a post alike this one on the pinned message on any section of this forum. As I have not read one of its kind.

“RISK comes from not knowing what you’re doing.” •Warren Buffett

Thank you very much buddy 

[stomachgrowls]

Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.

People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.

For those wise and sensible enough into their own actions and do really keen on investing because they are really careful with their hard earned money then they would most likely do all sorts of things of investigation or researching up.
We do really made our own move and we also the only one would suffer such consequences therefore we should step carefully into things we do seem profitable for us. Mistakes cant be avoided but be careful as you can.

[jakezyrus]

Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.

People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.

For those wise and sensible enough into their own actions and do really keen on investing because they are really careful with their hard earned money then they would most likely do all sorts of things of investigation or researching up.
We do really made our own move and we also the only one would suffer such consequences therefore we should step carefully into things we do seem profitable for us. Mistakes cant be avoided but be careful as you can.

scams are not only because of investing , we can also get scammed because of joining ico boubty campaigns or sig campaigns . It is hard to avoid scam on an ico bounty but is is easy to avoid scam in an signature campaign that pays in bitcoin because you will know if they are already escrowed the funds or not. While on a bounty ico campaign , they are not using an escrow because the ico need to be finished first after you get your rewards.

[Wahanna]

people are already aware on this kind but one thing they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic. They want quickly income.. More high of roi the higher possibility to scam

[Orrechorre]

I agree with your suggestions and they should be very useful especially to newbies who want to invest in a project of campaign. If they take their time to do this research and are very patient and make good decision, it will help. You should also check out for the manager, developer and management team.

[Ca$hmaker]

Tips:
Researched projects in which you want to invest (DYOR - do your own research) and do not trust anyone blindly, no matter who in your environment is just totally convinced of a project.
Have no unrealistic profit expectations, no one gives you money
If you do not understand a system or project, do not invest in this project.

Some people are already aware on this kind of thing but they do still decide to continue on what they are doing just for the sake of earning easy returns on a short possible of time. Recognizing them isnt really too hard and even just with a simple logic and common sense we can really able to identify out. I dont know why some people do make theirselves of their own greed and they do cry out later when they are scammed. Bitcoinnect shit scam is one of the examples, even just seeing it on very first time it is already a scam to me.

People need to be accountable for their own action and they should put in their minds that research is key of everything but there are so many people are so lazy upon doing it that's why we see so many people cried for their own foolishness, and I agree with hard to detect if the project is scam but their is certain indicator that will slowly shown and it will indicate us to exit before we get slap badly by their faster exit.

For those wise and sensible enough into their own actions and do really keen on investing because they are really careful with their hard earned money then they would most likely do all sorts of things of investigation or researching up.
We do really made our own move and we also the only one would suffer such consequences therefore we should step carefully into things we do seem profitable for us. Mistakes cant be avoided but be careful as you can.

scams are not only because of investing , we can also get scammed because of joining ico boubty campaigns or sig campaigns . It is hard to avoid scam on an ico bounty but is is easy to avoid scam in an signature campaign that pays in bitcoin because you will know if they are already escrowed the funds or not. While on a bounty ico campaign , they are not using an escrow because the ico need to be finished first after you get your rewards.

That‘s absolutely right! Bounty Campaigns can also be scams.
But you say it, the only way to know it, is when the ICO is finished.

[Jericka D Ranillo]

Thanks for the tips, well i knew that we need to car3fully the words in a url site. Check it manually if something change in the word like your example binance. There are two dots which the real website doesnt have something like that. I keep it on my mind every i enter in a known crypto website specially on exchanges

[Ca$hmaker]

Yes. Thank you buddy

[SHawk]

Thank you for taking your time to do a very good listing of how to recognize scam in crypto and if this steps are followed carefully, it should help newbies or even some investors who still have problem with scam recognize a good project or coin to invest in or a good campaign to promote and be sure to get reward at the end.