Increased Number of Scammers

[Ranly123]

Due to the increased popularity of cryptocurrencies, there has been an increased number of scammers both in terms of ICOs and in social media. You would find "official" representatives that would "propose lucrative deals" in the name of the legit company. There is only one result as a consequence - you losing your assets.
Thus, always keep in mind that real official channels of communications work. Also, if you see those posts in social media promising returns without a legit background (a.k.a. a full-blown platform) is a sure way to lose money. Creating bots on Facebook, Twitter, and Telegram is quite easy these days. Make sure not to repeat mistakes that others made before you https://www.cryptocointrade.com/
Not to mention mining pools and app scams going on right now. Some of the Facebook groups that were excellent in terms of trading discussions now turned into scam marketing sites.

This is very alarming in crypto world. Such people exist because they know that in digital world they can be anonymous and they can easily avoid the authority. The best thing we can do to avoid these scammers is to carefully analyze everything we are going to invest and look for legality of it's purpose.

[learntonoob]

Guys guys! Dont be negative too much because I believe there still has many projects providing good and trustworthy ICO. Facilitate yourself with full of knowledge and experience then find a ICO that you are strongly into. Good luck guys.

[Raja_Salman]

for years the number of coins that are scam is a lot, and the most are from an ICO because now many ICO tokens are scam and deceptive too

[prtty2gal2]

Yes there are number of scammers increasing day by day so we must careful to invest in ICO or dealing trade with strangers. It is possible to detect or avoid the scammers if want to invest in ICO must read white papers and ask details from support you will realize here either project is real or scam.Be careful to invest all at same time must take pause and take look on road map either going on according to plan or not then take decision accordingly.

For beginners, it can be difficult to determine the Scam from a good project. Whole chats sit and discuss how to invest in Frank Scam. They need to help and tell how to distinguish. Do the guys from Icodrops, for example.

Not just for newbies, sometimes scam projects are so real that they can even deceive the old ones.
When you invest, you need to do more detailed research. You should pay attention every detail of the project.

Besides everything that we consider necessary here is the modern market there we have to take care of security as well as there are security issues as well. In order to perform a legit and fine procedure you must know to differentiate between fake and legit sources or anything you are in. once you done with it then you will have no fear of scammers and will never get scammed with anything as you have learned things which are best for you.

[entar pasar]

That's why you need to be more selective for what project do you invest.
Remember cryptocurrency is high risk high reward activity so make sure that you have prepare to loss and consider profit as the bonus.

Scammer is just like criminal that looking for the profit !

You are right, we must be careful about choosing the project which will be invested, we must dig in depth the information about the project, how about the website, whitepaper, and profile of the team

[jhongzjhong]

That's why you need to be more selective for what project do you invest.
Remember cryptocurrency is high risk high reward activity so make sure that you have prepare to loss and consider profit as the bonus.

Scammer is just like criminal that looking for the profit !

You are right, we must be careful about choosing the project which will be invested, we must dig in depth the information about the project, how about the website, whitepaper, and profile of the team

These are one of the best things you do before investing project having a good research in every corner on their documents had, scamming has always existed their target those weak people out there who are easily fooled to them. Well, we know how to manage our own risk so that is on our decision were we gonna put our investment in a right and profitable project.

[0xBitcoins]

No wonder - fraudulent schemes in the crypto industry are not news at all. Many of them were used long before the appearance of virtual currencies and, apparently, will live for a very long time. You just need to learn to recognize the scum and observe the technique of financial security.

Having that knowledge will give you a good chance not being harmed by those scammers, understanding and learning how they work is the best way to anticipate their actions, people who are very furious about those scum businesses around always find proper actions in order to avoid being victimized
better to be well prepared as scammers always updates their strategy and always go with the flow we need to be very wise to notice them.

It is not only cryptocurrency market but in every field of life we see scammers and frauds. Some mentally ill people choose a way to loot innocent people and announce such benefits that attract people to put their money with them and when they realize that it is enough, they disappear from the market. Nobody take responsibility for such scams and to get back looted money.

Scammers are all over the world almost in every field of life. Scams are now builten with cryptocurrency. We should be careful while investing our money in some specific project. We should search for the credibility of a project, its management and launchers. It is much better not to invest in new ICOs. By this way we will avoid scam projects.

[btcyoda]

Guys guys! Dont be negative too much because I believe there still has many projects providing good and trustworthy ICO. Facilitate yourself with full of knowledge and experience then find a ICO that you are strongly into. Good luck guys.

Yes, i do agree we have to find the best project in order to benefit from it, we are seeing many scam project in the market which makes us think negative way but there are many other good projects showing their credibility in the market which will deliver their outcome to the community.

[kawaihito]

Scammer are always around us and already existed for a long time. Nowadays, there are a lot of ICO projects, people tend to scam others to earn money. As long as people can make money with scam, scammers will increase sharply over years. I think we never can stop scam, we only can be careful, search more before invest.

[mweezy]

I  guest not new about those scammers they have being in existence even before cryptocurrency, i think cryptocurrency scammers only arrival in another dimension it obvious even with cryptocurrency there will still be scammers.

[Madara_Uchiha]

Scammers were and will always be. Due to the fact that the crypto-currency market has great risks and is not regulated by anyone, here it is easiest for them to cheat.

[forex]

SCAM PROJECTS is a big problem for investors. Now, it is very difficult to know the scammers. There are thousands of cryptos in the market and most of them are scams.
I hope that with time the situation changes, because the state will regulate iso

[Adrin]

Of course if you calculate in this online industry I hope you can get a lots of scammers. Even if you analysis bounty project so you can get also lots of scammer. There are lots of project in this reason they want to KYC because project manager no day by day scammer is increasing. People try to reduce scammer but they are fail because scammer create a lot’s of account and they are use several account.

[higgidave]

Due to the increased popularity of cryptocurrencies, there has been an increased number of scammers both in terms of ICOs and in social media. You would find "official" representatives that would "propose lucrative deals" in the name of the legit company. There is only one result as a consequence - you losing your assets.
Thus, always keep in mind that real official channels of communications work. Also, if you see those posts in social media promising returns without a legit background (a.k.a. a full-blown platform) is a sure way to lose money. Creating bots on Facebook, Twitter, and Telegram is quite easy these days. Make sure not to repeat mistakes that others made before you https://www.cryptocointrade.com/
Not to mention mining pools and app scams going on right now. Some of the Facebook groups that were excellent in terms of trading discussions now turned into scam marketing sites.

You can prevent being a victim by checking this good discussions about scam sites and links try to check this valuable threads that might help people out

https://bitcointalk.org/index.php?topic=4264404.0 Heres the phishing sites

https://bitcointalk.org/index.php?topic=3415026.0 This is about scammers

Hope this may serve as reference before entering sites and links

Thanks for sharing the links. These will help people not be victim of scam sites. But the problem is that every days people come up with new scam sites and ideas and it is very difficult to track and warn people beforehand.

[vinjan]

i think scammers not just in cryptocurrency but scammers available everywhere before crypto born.
we just carefully bedore joint, scammers always be here

[Efiraboy]

yes you are right for now it seems like there are a lot of scam projects, you should be careful to choose an ico project and make sure you have the skills to analyze from the team first make sure the team is genuine and really can be contacted and state that they did make an ICO .

I always look the exchange position of a project. I never invest in those currencies which are not listed in exchange, because most of such coins are fraud and will disappear from the market after collecting huge funds. I always invest in reliable coins like bitcoin, Ethereum, Ripple etc. these are the best cryptos in the world and are guaranteed and my money is safe here.

[katuhakuh]

Yes, there are indeed many fraudsters because I have joined the prize campaign but they still have not distributed coins. In our generation, trust is the big problem we are facing now in front of us.

[darewaller]

Guys guys! Dont be negative too much because I believe there still has many projects providing good and trustworthy ICO. Facilitate yourself with full of knowledge and experience then find a ICO that you are strongly into. Good luck guys.

A lot of people have a huge role to play when it comes to getting scammed as far as I am concerned and they are just a victim of their own gullible state. Knowledge most especially is what a lot of people always run away from and how do you want to thrive in an environment without the knowledge of that environment. I do not see how that can be possible.

What is most important is to know what to do to always be able to identify a scam from real projects. Like you said, there are real projects there but as a person what are you doing and what knowledge do you have to be able to identify them. I have been investing in ICOs, and even though they are not much, I know they are quality projects with products and good team, which is what, is important. Once you focus on that, you cannot miss it.

[tadpole_bitfrog]

Indeed, the problem of fraud is so familiar in this market. But I think more and more projects are better but less potential. Fraudulent schemes were less likely because they could not attract more capital when they hid their members' information. We have more experience but we still need to be aware of projects without information about the project team.

[Cling18]

Due to the increased popularity of cryptocurrencies, there has been an increased number of scammers both in terms of ICOs and in social media. You would find "official" representatives that would "propose lucrative deals" in the name of the legit company. There is only one result as a consequence - you losing your assets.
Thus, always keep in mind that real official channels of communications work. Also, if you see those posts in social media promising returns without a legit background (a.k.a. a full-blown platform) is a sure way to lose money. Creating bots on Facebook, Twitter, and Telegram is quite easy these days. Make sure not to repeat mistakes that others made before you https://www.cryptocointrade.com/
Not to mention mining pools and app scams going on right now. Some of the Facebook groups that were excellent in terms of trading discussions now turned into scam marketing sites.

Scammers will always do something just to steel our earnings and savings so we must be wise on handling our accounts. We should know how to keep our private keys in private and we should always be protective. We must only entrust our keys to atleast a single person that we trust.