Neovitadi
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Activity: 364
Merit: 252
CryptoTalk.Org - Get Paid for every Post!
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September 28, 2018, 10:51:03 PM |
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It is very difficult to reduce the number of scams. However, it is possible to reduce the chance of being scammed. For example, you can join discord groups that report scams.
It won't help that much. It is best that we just do our due diligence before investing in anything. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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RiskySanchez
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September 28, 2018, 10:56:51 PM |
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Never try to follow other people, make your own way to find the best ICO so even if you fail you will still believe that all of that is the result of observations you get. the most important thing is always read the whitepaper whether or not a project has the potential
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slasher0489
Jr. Member
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Activity: 270
Merit: 1
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September 28, 2018, 11:09:35 PM |
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The only sure way to prevent yourself from scam is by proper due diligence before buying into any ICO. Some due diligence platforms like ICOBENCH will aid, but do your own research. Also there is a new scam in town called selfdrops, I will post a detailed explanation on that soon.
ICObench also have fake ratings, people paid them to rate good so many investors would see it and invest in it. I never believe in that selfdrop, it is obviously a scam, but many people have been risking on it |
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Msile
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October 01, 2018, 06:21:28 PM |
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We should always ensure that our wallets are properly secure using all of the right security measures
Make sure that you are the only one that has access to your private keys, do not store them online where someone can get to them
Be sure of what you are clicking before you click onto any site and input your wallet information into it because there are a lot of phishing sites out there
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Antiplus999
Member
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Activity: 336
Merit: 10
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October 01, 2018, 06:25:41 PM |
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Now it is difficult to protect yourself from scammers, only personal experience can allow to bypass scammers to the side, I think that the mechanisms of counteraction will appear with time.
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kiedis
Jr. Member
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Activity: 74
Merit: 1
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October 01, 2018, 06:38:15 PM |
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Very easily - you can only do it by yourself. Don't get greedy, remember that if something is too good to be true it is probably a scam, always do your own research.
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★ PRiVCY ➢ Own Your Privacy! ➢ Best privacy crypto-market! ★
✈✈✈[PoW/PoS]✅[Tor]✅[Airdrop]✈✈✈ (https://privcy.io/) |
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steinkopf
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October 01, 2018, 06:40:54 PM |
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In order to avoid fraud, we must carefully analyze the project before investing. We do not have to believe positive reviews or ratings. We must be able to make a decision on our own.
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CLywaTeLb
Full Member
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Activity: 770
Merit: 101
send and receive money instantly, no hidden costs
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October 01, 2018, 06:43:42 PM |
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There are many statements, which say that needs to carefully select projects for investment. This is a good way to reduce fraud. But this is a utopian way. In crypto, not so many people. When there is a next pump, many new people will come and they will buy a lot of shit. I think that [experienced] investors will also be involved under the influence of FOMO.
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omorfi
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October 01, 2018, 06:50:52 PM |
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Use "Look with your ethereum address option" (view w/ Adress only) when you use your MEW electronic wallet to take a look for your balance. Do not click unknown links you don't know which are highly to be scam.
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VitaminBit
Jr. Member
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Activity: 46
Merit: 5
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October 01, 2018, 06:58:12 PM |
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Your computer must be well protected. Antiviruses are installed. And do not enter your data into unknown sites. You can always make a mistake and fall into the hands of scammers.
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Elseye
Full Member
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Activity: 378
Merit: 100
ApolloX
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October 01, 2018, 07:46:00 PM |
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Only by ourselves, we should check all information and all projects very precisely, in todays conditions that's the only way to protect yourself.
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spike420211
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October 01, 2018, 07:48:59 PM |
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It’s easy to protect yourself from scam, for this you need to be able to analyze and understand how the crypto system works, what a blockchain is, how to determine whether a blockchain needs a project or whether it was implemented only to raise funds, understand technical aspects, know how to understand a project team and in the market as a whole.
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smenon
Member
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Activity: 119
Merit: 10
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October 01, 2018, 07:53:27 PM |
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Very difficult happens to distinguish fraud. And there are no concrete rules how to understand the project real or is created by swindlers. It is necessary just learns to understand on the experience and over time you will be able to look at the project and already to know fraud it or not.
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Tim Murray
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Activity: 154
Merit: 10
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October 01, 2018, 08:08:38 PM |
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The best thing I think is being very alert. Do not hurry and do not invest in untested crypto currency. Always keep coins in a safe wallet. And constantly re-read the latest information and news.
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fathur01
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October 01, 2018, 08:27:51 PM |
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The only good way that is possible is for countries to recognize cryptocurrencies and create laws that can regulate issues related to cryptocurrencies, including fraud.
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GhostWithin
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October 01, 2018, 08:33:56 PM |
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To assess any ICO project, you need to focus on its components.
I will not describe everything in detail, but only point out what to pay attention to. Most likely you knew a lot of this...
Website
Badly made or template site. Most thieves are too lazy or stingy, so this is the first, on what they save
Fake information about team members
If you cannot find members of the ICO team on social networks, dont find confirmation that they really participated and so on, then most likely the project is scam
White Paper
The alarming signs are the presence of plagiarism and unrealistic promises, the absence of a detailed plan explaining exactly how this project will achieve the set tasks
Unclear goals
Each project has its own goals. And they must be realistic, concrete and achievable in the foreseeable future
Repository
If ICO claims to use open source code, then check the repository to store the code for this project. The code should be updated periodically.
Information about the legal entity
Behind every ICO is a real company. Almost every country has a public registry, in which you can make sure that the company is actually registered there.
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DamilolaB
Member
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Activity: 313
Merit: 10
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October 01, 2018, 08:37:33 PM |
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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?
I quite agree that a lot of investors came to this community with good intentions and to make profit but unfortunately there are some people with other bad mission to scam innocent people which will scare potential investors away. There is need for a high regulations. |
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uniquark
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October 01, 2018, 08:49:30 PM |
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To assess any ICO project, you need to focus on its components.
I will not describe everything in detail, but only point out what to pay attention to. Most likely you knew a lot of this...
Website
Badly made or template site. Most thieves are too lazy or stingy, so this is the first, on what they save
Fake information about team members
If you cannot find members of the ICO team on social networks, dont find confirmation that they really participated and so on, then most likely the project is scam
White Paper
The alarming signs are the presence of plagiarism and unrealistic promises, the absence of a detailed plan explaining exactly how this project will achieve the set tasks
Unclear goals
Each project has its own goals. And they must be realistic, concrete and achievable in the foreseeable future
Repository
If ICO claims to use open source code, then check the repository to store the code for this project. The code should be updated periodically.
Information about the legal entity
Behind every ICO is a real company. Almost every country has a public registry, in which you can make sure that the company is actually registered there.
Thank you for giving the detailed instructions, I think the present is more careful when joining the ICO. You should carefully select exchange to trade, as there are now too many exchanges that can have multiple exchange will be deleted at any time. |
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Bitcoincole
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October 01, 2018, 08:50:55 PM |
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At this moment we cannot control people who have a bad intension to scam other people's money because even small business is so hot how much more like this comes in a big investments. We can only assure that we have to report if their is suspicious act of work towards our fellow traders and investors to reminds and stay away. And as a responsible person and investors you have your own research crypto to avoid scam.
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Troysen
Member
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Activity: 476
Merit: 10
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October 01, 2018, 08:53:07 PM |
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The best protection you can have against a scam is to know very well what you're doing, if you're going to invest blindly in a product you are going to lose your money, the scams work because the general public is not well informed, so the first thing they tell you to do before putting your money in this space always does your own research.
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