How to prevent fraud?

[DPrillio]

Online frauds are rampant everywhere even crypto currencies are not exempted and infact during 2018 there are lots of ICO scam projects popping out and running millions of dollars  from the investors with hands clean and untraceable. I have joined many scam projects as well, so it was really devastating that your hard work was all useless promotions not getting even a penny as a rewards. Since that year many investors are afraid to invest on ICO projects and many had suffered hard. It's best to stay vigilant and always do research before engaging on such investments before anything else.

Yes, fraudsters will always be in this world, they are targeting new players who do not yet fully know the risks when they are in the internet world, but the key is that we are not easily tempted by big temptations, but we have to check them so that we are safe from fraud in Internet.

Fraud is everywhere in this money driven world and people tend to do trickery to gain advantage for the seek of easy money, so let us be vigilant and observant before making any investment to avoid being scam.

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[reality18]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

[freedomgo]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

I agree with that since it's based on how the team will run the project, although they have a good reputation, that still is not a guarantee that it's a scam free. Only where there is a heavy punishment for the scammers in the crowdfunding where we might see an abrupt decline of scams in the market.

[Ayiranorea]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

I agree with that since it's based on how the team will run the project, although they have a good reputation, that still is not a guarantee that it's a scam free. Only where there is a heavy punishment for the scammers in the crowdfunding where we might see an abrupt decline of scams in the market.

It is truly hard to eradicate the scammers from the cryptocurrency community. As every activity related to cryptocurrency takes place online, it has become an easier way to scam common people. Particularly people request to invest on their projects through dm, never fall for their sweet words. If you go through the project it is impossible to find even the announcement thread which confirms the lack of legitimacy.

[Judylori845]

Now that MPCX partnered with IBM I can see investors using AI trading earlier...

[arifteguhr]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

I agree with that since it's based on how the team will run the project, although they have a good reputation, that still is not a guarantee that it's a scam free. Only where there is a heavy punishment for the scammers in the crowdfunding where we might see an abrupt decline of scams in the market.

It is truly hard to eradicate the scammers from the cryptocurrency community. As every activity related to cryptocurrency takes place online, it has become an easier way to scam common people. Particularly people request to invest on their projects through dm, never fall for their sweet words. If you go through the project it is impossible to find even the announcement thread which confirms the lack of legitimacy.

as far as I know even though we are all advised to be careful not to become victims of fraud. but sometimes we don't know where a fraud project is and which isn't. because almost all of the projects sometimes convinced all of us so I thought everything was difficult to predict

[calya]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

I agree with that since it's based on how the team will run the project, although they have a good reputation, that still is not a guarantee that it's a scam free. Only where there is a heavy punishment for the scammers in the crowdfunding where we might see an abrupt decline of scams in the market.

It is truly hard to eradicate the scammers from the cryptocurrency community. As every activity related to cryptocurrency takes place online, it has become an easier way to scam common people. Particularly people request to invest on their projects through dm, never fall for their sweet words. If you go through the project it is impossible to find even the announcement thread which confirms the lack of legitimacy.

as far as I know even though we are all advised to be careful not to become victims of fraud. but sometimes we don't know where a fraud project is and which isn't. because almost all of the projects sometimes convinced all of us so I thought everything was difficult to predict

all projects look good in early start.we could not identify which is fake projects.the team look like very convincing so there is no one thinking this is fake projects.only experienced investors that have strong felling about it.

[jademaxsuy]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

Actually there are too many fraud here in cryptocurrency and there are many ways that they can do it. Yes, this fraud is one of the hindrance of cryptocurrency development though we cryptocurrency is still developing and eradicating the fraud. Others had already combine anonymity and KYC to which it will not create identity compromises by having a platform that will allow one user to be anonymous in every interaction done in a certain platform.

[BitTraderCute]

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

Actually there are too many fraud here in cryptocurrency and there are many ways that they can do it. Yes, this fraud is one of the hindrance of cryptocurrency development though we cryptocurrency is still developing and eradicating the fraud. Others had already combine anonymity and KYC to which it will not create identity compromises by having a platform that will allow one user to be anonymous in every interaction done in a certain platform.

fake developers team now has quite smooth to trying exit scam.usually they will listing their tokens or coins in pitty small exchanges, and after that slowly they will left their projects.no communication between dev team and investors.i've seen many scam with this methode.

[xSkylarx]

To prevent a fraud, you must research thoroughly on that particular investment or business that someone is offering you. Don't put your money as long as you're not sure where you'll be getting the profit. Don't be amazed if he offers you big amount of return that is too good to be true.

[kumala_abi]

we have to learn from other traders experience.each person have their own experience.whether good or bad experience there are important lesson for us.and then we have to take summary how to prevent fraud by our own strategy.

[reality18]

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

[Serco]

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.

[mirawantirinjana]

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.

Adding suggestions, if we don't have the ability to do the analysis because of lack of ability and experience, then I suggest you to take an analysis of those who already have experience as a Hunter bounty or Investor.

[FlightyPouch]

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.

Adding suggestions, if we don't have the ability to do the analysis because of lack of ability and experience, then I suggest you to take an analysis of those who already have experience as a Hunter bounty or Investor.

That is right, you can just ask people about that certain project or site you will be investing in so you will know if that is legitimate or not. It doesn't matter how long they analyze the site as long as you are safe and your money is not scammed. I guess you really need to know those things so, in the future, you will not need anybody to analyze a site for you, you can help them and teach them about it.

[toast]

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.

Adding suggestions, if we don't have the ability to do the analysis because of lack of ability and experience, then I suggest you to take an analysis of those who already have experience as a Hunter bounty or Investor.

actually fraud is sometimes difficult to handle. the problem is that fraud sometimes we predict sometimes there are also no signs, even though we've been careful just sometimes fraud is in front of us. so in my opinion dealing with fraud is sometimes difficult.

[Mahanton]

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.

Adding suggestions, if we don't have the ability to do the analysis because of lack of ability and experience, then I suggest you to take an analysis of those who already have experience as a Hunter bounty or Investor.

actually fraud is sometimes difficult to handle. the problem is that fraud sometimes we predict sometimes there are also no signs, even though we've been careful just sometimes fraud is in front of us. so in my opinion dealing with fraud is sometimes difficult.

I'm actually agree on this point because there are really some circumstances on which no matter how hard you do search or make
yourself aware you cant still avoid on not to be victimized by any frauds which are very sophisticated when it comes on hiding their
obvious schemes which do able to fool or make you believe.

[xSkylarx]

The easiest way to prevent fraud In my opinion is not to fully trust other people or a particular institution so that they cannot cheat us because we do not believe, if in other ways it might take a long time, although not long it will have a difficult process  also in the end.

There are some people that is good in social engineering. They are good at talking that they can convince someone to fully trust them and invest their money to them. They are even reputated that boost their influence. People that are in desperate need of money are the most gullible to become their victim.

[fiulpro]

I think to prevent frauds one should only trust people after they fully know 110% that they won't cheat even if their life was on line .
These kinds of people are hard to find even if you realize that they have good connections with you and also their reviews with other firms are good , at the same time if you think the work environment is very healthy and it's not about bossing people around but it's about cooperation .
I do think that this will make people more responsible and if someone likes what they doing and also at the same time likes for whom they are doing , it won't only prevent frauds and all it will also increase the growth of the company.

[Fredomago]

The easiest way to prevent fraud In my opinion is not to fully trust other people or a particular institution so that they cannot cheat us because we do not believe, if in other ways it might take a long time, although not long it will have a difficult process  also in the end.

There are some people that is good in social engineering. They are good at talking that they can convince someone to fully trust them and invest their money to them. They are even reputated that boost their influence. People that are in desperate need of money are the most gullible to become their victim.

Those who are desperate and not thinking we'll are mostly being convinced to invest with something that they are not full aware of, sad to say that those who are in needs are mostly being victimized ending them up with no hope since scammers are really good from what they are doing.