How can we protect ourselves from scam?

[Sanford]

I think it's too hard to do today. What I see is a big problem. I have already met with several projects that have deceived their investors. They had an idea. Quality documents. In the end, they stole investors' money.

[1715087332]

1715087332

[1715087332]

1715087332

[1715087332]

1715087332

[1715087332]

1715087332

[mammoniter]

Scammers will always be there to decieved others. In any field there are scammers. All we can do to protect ourselves from them are proper preparation, good analytical skills, careful planning, being observant, and good decision making skills. If we are well prepared we can easily identify the scammers and therefore we can avoid them.

[Nitori_m]

Scammers are a bunch of hard workers with malicious  agendas. Always brainstorming on the next intricate plan to steal. The only way we could go about this issue is to be cautious and always on the alert.

[trash321]

SCAM is a virus today. A virus that really needs to be seriously eradicated. We are very serious in trying to identify such projects and notify the authorities who can punish these people for their actions.

[jan.nicolas]

The only thing I can really advise is to be much more attentive than before. Understand that we simply have no choice but to be more careful now than before. This is our problem, which really has a need.

[drrekkty]

There is no way for protection. I suggest you avoid ICOs from CIS, switch on asian market, those guys in glasses are making enormous profit , look at quarkchain, iota, ontology and the only start up with the same result from CIS is Waves

[GatotKaca]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

it's very difficult for us to avoid scams. because technology is now more sophisticated and able to be used well by fraudsters who want to make a profit. therefore all depends on each of us in determining which project is good to do. I usually analyze it first in their whitepaper before deciding to join it, because there are a lot of considerations for us to judge whether it is feasible for us to do.

[akuser]

it is very difficult to predict even all aspects have been analyzed by analyzing teams, whitepapers and sponsors. this is due to the decline in investor confidence in ICO and the decline in the price of bitcoin.
I chose a project that convinced and discussed it with friends.

[awakpane]

In my opinion, it's hard to find ways to protect from fraud. because most projects are fraudulent when after the end of the new ICO we can find out. especially the name of the fraud is hard to guess.

[poktur]

Whenever there is a new technology or development, there are always people who are ready to make money, although not honestly and no matter how hard we try to recognize them, they will always develop in this direction!

[jpnl0008]

If there is good there is always bad its goes along,we cant eradicate scam but we can at least reduce it to the bearest rate of it then we have now and by achieving so we have to avoid logging into phsing sites and also study projects thoroughly and properly before we participate

[Malamok101]

I'm also afraid to join ICO investment or other investments that releasing because there are so many investment scams and most of investment are legit. But it become scam I remember bitconnect this is a investment and lot of people invest on this for daily profit lately it was scam even the admins are true and almost representing on their project but I last i read the owner of bitconnect get arrested already.

[pelumi20]

There is no 2ay we can completely eradicate scam in cryptocurrency but if we are extremely conscious of our online activities and don't become greedy, then I think we can reduce it to the minimum.

[beckspace]

Unfortunately, scammers are always one step ahead of us. For us the way tobe protect than them, is to do a lot of research, to take into account negative warnings.  Our first aim should be to focus on not losing money, by focusing on the amount we can lose. We don't to put all our money into one project. I think this way to be protect us from possible huge losses.

[nangiarushali]

The only way to keep ourselves safe from scams in the cryptocurrency world is to be indulged whole heartedly. Give your maximum time on researching about the project, its background team members, every possible thing you can know, you must know.

[Babbylily1112]

Scammers are unfortunately every where, to avoid scam in Crypto I made sure to research very thoroughly before I join any project bounty but u fortunately the fear of  Scam has made me not to get involved in any ICOs

[beehimneff]

The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?

Yes, I think we can have the best way to deal with scams is to learn to think for yourself. There is another alternative way-is to wait until the ICO process is settled to eliminate the possible deception from the scammers.

[baobao2000]

I heard too many scam stories last year, it make me even fear to download wallet now. I used to join all the bounties or airdrop that I could found, but now I would research long time for bounties, and I also avoid download wallet, because the fear of PC hackers and scammers. I am not sure if there is any good solution for that in the future.

[Cryptmuster]

I thought about it more than once, but from my own experience I can say that it is not as easy to define a project as the majority thinks. A project that collected 100 million, the envinion was scam. This is very sad and in this case we can only rely on the honesty of people.

[sends1]

in my opinion it is very difficult to recognize a scam project especially as it seems that it is still a beginner. But usually I ask friends by giving the site pages and also maintaining account confidentiality and being careful of phising links