How to prevent fraud?

[ringgo96]

Creating an oversight institution for cryptocurrency. including the matter of ico. because now the industry has a lot of fraud and manipulation. lots of projects that are not in line with what they said at first

[Latviand]

To prevent fraud, you need to be wise enough before you invest your money and participate in a certain ICO project because there are a lot of scams today, that is why a lot of people are quitting in participating in ICO because of this kind of incidents. Checking the white paper and website is one of the best ways to assure the project is not a fraud.

[iv4n]

We all know that fraud is the one that it's hard to avoid because even you avoid frauders they still there to find who they want to victim. That's why we need to be careful at all times because you don't know who can trust.

Maybe you can trust some people, maybe you can trust in some code. Do we need to ask a question: to have trust in a code or in people? Well answer is probably well known, we can fully trust in either of this two, we need to find some balance and above all to question everything and anything before making a final conclusions. Of course, that doesn`t mean that you shouldn`t risk from time to time, just do it responsibly, with amount of money you can afford to lose.

[Ayiranorea]

To prevent fraud, you need to be wise enough before you invest your money and participate in a certain ICO project because there are a lot of scams today, that is why a lot of people are quitting in participating in ICO because of this kind of incidents. Checking the white paper and website is one of the best ways to assure the project is not a fraud.

Fraud activities keeps growing in the cryptocurrency market as scammers find it easy to earn as the money flow in this keeps growing. Importantly everything can be done anonymous, better is to go with good analysis and invest. Most ico's have good team but the lack of funding makes them go under the scam list.

[davis196]

Wow,that was a long and boring read.Fraud is continue to exist untill the end of human kind.
Nothing can prevent fraud 100%,not even blockchain technologies,smart contracts,artificial intellingence,etc...
As long as there are humans involved,corruption will always exist.

[GrayFullbuster]

By analyzing and deep understanding can help you to prevent fraud.  Always remember that there are many scammers here in the market and you can only avoid it if you have enough knowledge and information. Always be careful in choosing wise investments.

[Bosx1ne]

There are a lot of ways that we should use for us to prevent fraud. Actually it is the main reason why there are people who are afraid to enter the cryptocurrency market due to the hackers and scammers in the market. Before we make investment, we should analysis very well the project in order to ensure that our money is safe.

[Lpim01]

To prevent fraud, you need to be wise enough before you invest your money and participate in a certain ICO project because there are a lot of scams today, that is why a lot of people are quitting in participating in ICO because of this kind of incidents. Checking the white paper and website is one of the best ways to assure the project is not a fraud.

Fraud activities keeps growing in the cryptocurrency market as scammers find it easy to earn as the money flow in this keeps growing. Importantly everything can be done anonymous, better is to go with good analysis and invest. Most ico's have good team but the lack of funding makes them go under the scam list.

Some of us were trying to take advantage of its growing market and to scam people especially for noobs, that is really frustrating. Maybe we could say that, they'll become like that cause we let them work that way. Nobody could be fraud nor to be scam if we don't want too, and those people who wants easy money would have a huge chances as their victim.

[Faxmate]

Creating an oversight institution for cryptocurrency. including the matter of ico. because now the industry has a lot of fraud and manipulation. lots of projects that are not in line with what they said at first

Fraud is all around us now, not only in crypto currency but it is there is our life but we will have to be careful and keep our self away from it so that it will not affect our good life, indeed there should be some institutes because crypto currency has become so famous and fast now, so scamming is common and real investors should be taught some skills so that fraud people and projects will not make them suffer lose.

[coinplus]

It is highly sad that you think fraud is bitcoin or blockchain problem. Do you think fraud and scammers came to life in 2008? There has been a lot of scams in fiat as well and comparatively speaking there is more fraud going on in the world right now done via fiat than crypto. The only difference in the world of crypto is that you can't take the money back and if the person who scammed you is anon you do not have much to go on with and just face the fact you are not getting the money back however looking at the world that is at least cutting the loss quickly.

Look at amazong, dudes made 24 billion dollars profit in 2018 and requested free money from tax payers to build a new headquarters, a company that PROFITED 24 billion dollars asked for free money from the tax payers, that is alone is bigger fraud than anything you can see in crypto world. We are fine.

[Coyster]

Frauds goes on in every work of life, in our dat to day activities, in schools, companies, organization etc
People fall prey to fraudsters daily and more so in our network,there is a high rate of scammers and fraudsters.
But most times its people who foolishly fall into their trap and it's due to greed and selfishness.
When you want to earn far more than looks reasonable based then you're liable to be scammed
There are many tricks that help one stay free of scammers,once you sense a red flag, you stop immediately

[Cherylstar86]

We all know that fraud is the one that it's hard to avoid because even you avoid frauders they still there to find who they want to victim. That's why we need to be careful at all times because you don't know who can trust.

Maybe you can trust some people, maybe you can trust in some code. Do we need to ask a question: to have trust in a code or in people? Well answer is probably well known, we can fully trust in either of this two, we need to find some balance and above all to question everything and anything before making a final conclusions. Of course, that doesn`t mean that you shouldn`t risk from time to time, just do it responsibly, with amount of money you can afford to lose.

Fraud has been all around the corner and we should be aware,be informed about it, and make safety and security be of highest priority.  We have to be extra cautious to what we are dealing with, such as securing personal information, using uncommon passwords, avoid clicking on links from unverified sources, be wary of all links and attachment, sand a lot more. These people often pretend to be someone you trust, they gain our interest and at the end of the game we become the victim. Take time to think, and don't fall for their too-good-to-be-true statements. Stay vigilant, do research and be up-to-date.

[futile-resistance]

Fraud can’t be stopped. The more you’re trying to stop them the more they are coming up with different plans on how to carry out their bad acts. There is fraud everywhere. When you see new businesses pop up, you will see people who will try to use that same business strategy or so for bad purposes.

Just like cryptocurrency was invented for good but there are already a lot of people using for bad purposes and that is making a lot of people believe that cryptocurrency is bad while it is not.

[AniviaBtc]

for now, be careful and careful to choose the ICO project to be used as an investment place, because most ICOs are now deceptive. so don't ever choose a strange project

Fraud is everywhere not only here in cryptocurrency, that is why you always need to be smart in picking ICO projects because there are unusual projects that you will see in this forum and you should beware in those kind of projects. For you to know if it is a fraud or not you better check the websites, whitepaper, and also the team members if they can be trusted.

[akram143]

 I think it will be happened in sometimes because the frauds always makes a promotions more good but at the end only we can see the results and that is something mistakes will happen to us will realise at the end only so following some regulations will prevent from this type of things to happen for us.

[jhongzjhong]

for now, be careful and careful to choose the ICO project to be used as an investment place, because most ICOs are now deceptive. so don't ever choose a strange project

Fraud is everywhere not only here in cryptocurrency, that is why you always need to be smart in picking ICO projects because there are unusual projects that you will see in this forum and you should beware in those kind of projects. For you to know if it is a fraud or not you better check the websites, whitepaper, and also the team members if they can be trusted.

The words that I bolded above is the main core that you must check before choosing the legit ICO. It needs deep research and further investigation throughout their team and the entire project. And of course, the managing team who handle is also reputable because they care about their reputation regarding handling project. You can minimize the risk if you do that.

[ausbit]

The situation is really complex than it seems.I have realised that sometimes it is still not easy to identify  scam projects after doing your own background research. Fraudsters are becoming more intelligent and meticulous in their dealings lately. Interestingly enough you may assume that a project is a scam meanwhile it is genuine in reality.

Really very complex bro. Most genuine projects out of fear has been mistaken or taken for scam. This is because the scammers have now become too good and they look so genuine most times.But ill personally prefer to miss it than to be scammed.
This is the reason the poster has taken his time to explain how to quickly identify a scam project when you see one, Though this doesn’t give guarantee that we can’t be scammed.

[purple.thoughts]

Most of people are getting scammed and encounter fraudulent activities from their wallet. We, owner of digital wallets or even other kind of credit wallet should have to be aware of simple things like not providing information to links or to sites that we are not sure of its security. Since most of the sites now have 2 way factor then we should enable it so we can track activity from our wallets.

[yslyv]

you can protect yourself from fraud only. protecting the community is not easy i think. you can search more and more instead of believeing other people otherwise you will be robbed easily.

[ajqjjj]

you can protect yourself from fraud only. protecting the community is not easy i think. you can search more and more instead of believeing other people otherwise you will be robbed easily.

Peoples are always looking to free money so many scammers are threating the beginners account. We only protect ourself but some technical hacking also possible in current world. So we must secure our all the data then only we will safe in this society.