How to prevent fraud?

[FaMouS8828]

Be careful all of the time, after it, you must fully know about the project in which you want to invest your money. Simply read all of the comments that users left or feedbacks about the project, search on the internet more information and check the career profiles of the founders.

[supercanada1]

fraud cases is not only with bitcoin but also many time fraud happen with money transaction, many kind of investment today never give back profit for investor after invest their money to the owner, they use member investor money to get rich for his self and do not care what happen with their member.

That's why the investing was really risky for us to being prepared in order to have a knowledge about investing because investing was not very easy and sometimes a project that show you profitable but it's not. You cannot stop fraud but if you have a rights then that will be good.

Investing in digital currencies is not risky at all and neither bitcoin is any sort of fraud. However, is someone scams people and grabs their bitcoin, this is a whole different story. People who were afraid of investing in bitcoin are also the ones who regret not buying it when the price was low. The crypto coin industry is full of opportunities. Getting some knowledge and investing into the right coin is working way of becoming rich.

[Capt00]

fraud cases is not only with bitcoin but also many time fraud happen with money transaction, many kind of investment today never give back profit for investor after invest their money to the owner, they use member investor money to get rich for his self and do not care what happen with their member.

That's why the investing was really risky for us to being prepared in order to have a knowledge about investing because investing was not very easy and sometimes a project that show you profitable but it's not. You cannot stop fraud but if you have a rights then that will be good.

Investing in digital currencies is not risky at all and neither bitcoin is any sort of fraud. However, is someone scams people and grabs their bitcoin, this is a whole different story. People who were afraid of investing in bitcoin are also the ones who regret not buying it when the price was low. The crypto coin industry is full of opportunities. Getting some knowledge and investing into the right coin is working way of becoming rich.

It risky in the sense that the price is so unpredictable and that it is not a good price always but not because it is a fraud. Bitcoin is never a fraud but a lot people are using it to scam people that is why before investing in bitcoin you have to make sure the project isn’t a scam or if you want to buy bitcoin from someone make sure that person is trustworthy. It is very important you are knowledgeable enough when dealing with bitcoin or other cryptocurrency.

[Blackdeath]

The best thing to prevent fraud is by avoiding the things that are new to you or things that you don't have any idea exactly what it is, so you should better ask questions with your friends who has an idea about it or ask people in online like here in this forum for you to know if it is legitimate. The reason why a lot of people get scammed because they like to try things that are new to them and they think it could be profitable to them without thinking wisely if it is really legit.

[JC btc]

The best thing to prevent fraud is by avoiding the things that are new to you or things that you don't have any idea exactly what it is, so you should better ask questions with your friends who has an idea about it or ask people in online like here in this forum for you to know if it is legitimate. The reason why a lot of people get scammed because they like to try things that are new to them and they think it could be profitable to them without thinking wisely if it is really legit.

It's okay to take risk when you are new, but not taking risk without any knowledge at all, that you don't even know what is the project all about, who are the team behind it. Losing in investing or trading will make us stronger so it's okay to make mistakes sometimes, but let us not just forget that there is a way to avoid it, if we have been careful at first. So, let's be very vigilant in everything we are doing.

[mdgabrielzim]

Be careful all of the time, after it, you must fully know about the project in which you want to invest your money. Simply read all of the comments that users left or feedbacks about the project, search on the internet more information and check the career profiles of the founders.

This is very interesting. Today my main strategy is to go after photos or videos of project members interacting with other people at events or lives, usually anyone who wants to take a hit hides behind a fake wp.

[sapnu]

indeed this is very unsettling and can make a bad influence on others, so far we are almost fully aware of their game and on generally don't want to be transparent about project development

This is the internet. Anonymity is part of it. You can't just DM a project and request for a "transparent" response of their plans. In these kinds of platforms, scammers are everywhere.

No, we are not fully aware. No one can ensure everything, who knows maybe Bitcoin is a big fat scam in the end aswell. But I hope that's not the case, I'm just giving you insights.

it could be that people who are trapped then are no longer interested in cryptocurrency and that we don't expect it

What do you mean by this exactly?

There are lots of projects out there and you can actually recognize which is legit or not. You can read the whitepaper of that particular project because all of their plans and their target is all stated in whitepaper, you can also visit the website itself so you can read some of their plans, because it is also stated there. You can check if their offer or bonuses is possible, what I mean is that they are really gonna make that happen?. In this sector there are lots of fraud so we should be aware of our decision especially when our money is at stake because one little mistake can loose all of our money.

[Edraket31]

The volatility makes ignorant investors uncomfortable. Those who have done some research on bitcoin do not get worried by its fluctuating nature. They know how important this feature is in order to make profits from trading bitcoin. Mostly people trade once they grasp the concept of digital currencies and bitcoin. If bitcoin was ever anything like bubble or fraud, it would have left us for long.

Agree with you if we have done research about what are the advantage as well as the disadvantage of crypto we will understand well that volatility is normal, and we should realized how traders or short term investors is taking this as an advantage to earn more, we should realize that everything is normal and we should find some time to make advantage to the volatility as well. For, preventing fraud doing proper research should not be done in just an hour or a day, it takes time.

[bitbunnny]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

[crisanto01]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

[bohr]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

[Google+]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

indeed what should make prices go up is from the development of the project and from the increasing demand, if a project can create a solution that can be used by many people then it is certain that the price will be very expensive and the number of requests can be one of the reasons for rising prices.

[meliodas]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

Yes. Control all of your emotions to not get be in the FOMO train because if you will jump into the hype because of fear of missing out then your money will be drain by the manipulators in the market. You should be investing and jumping into projects that are really proving that they are working hard to achieve all of the goals that they set.

[Smitty Werben Man Jensen]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

Yes. Control all of your emotions to not get be in the FOMO train because if you will jump into the hype because of fear of missing out then your money will be drain by the manipulators in the market. You should be investing and jumping into projects that are really proving that they are working hard to achieve all of the goals that they set.

We cannot avoid FOMO and FUD in the world of trading or cryptocurrency, if you join FOMO a coin make sure you don't want too much money,
it will become your own weapon, sell if you feel you have enough and go away from FOMO

[ajaymukund]

I guess fraudulent is not preventable but you can minimize being a victim if you will be very vigilant in your actions towards your investments. Doing more research before engaging to something which includes money will reduce the chances of being a victim of fraudulence.

Yes, we really should search Google for ways to avoid investing in these types of scam projects. There are lots of bloggers at google who make quality posts on analyzing ICO projects at hot times (2017) and it's really helpful. I have read it over and over 100 times to help me be more careful in investing. You can search in the link below, it will be more complete.
https://cointelegraph.com/ico-101/how-to-choose-an-ico-to-invest-in

[Savemore]

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

You should be suspicious if you see something on internet that offering high returns in just few days or weeks. There are many frauds issues because people do not considering the risks. We should always be careful when we are putting our money in some investment. Scammers are increasing so we should have knowledge to protect our capital.

[Aying]

fraud cases is not only with bitcoin but also many time fraud happen with money transaction, many kind of investment today never give back profit for investor after invest their money to the owner, they use member investor money to get rich for his self and do not care what happen with their member.

Agreed and a lot of crypto project do the worst thing. a lot of victims in 2017 are being mad and fall into peices on investing in that year. a lot of scam projects came out flowery promises are everywhere. but until now there still a lot of victims and still not avoiding this project scam. this will still continue in the time that everyone be aware of the frauds that are being perpetrated against them. so hopefully in upcoming new year everyone is improving and scammer will disappear slowly.

[TitanGEL]

there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

[Edraket31]

there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

Which we cannot blame every people, every investors to be fear with what had happened over the past years, many people had been depressed, many people becomes tired and had lost a lot of money, so of course this scenario that happened to their life will for sure they will share it to their friends and relatives which will become frightened and instead of having the courage to invest they will lose hope.

[pecson134]

I do agree that there would always be employee inside a company that were engaging and committing fraud most specially those person who are the least expected ones but if you observe carefully those who you think the people who are in dire need of money, they were the usually ones who are tempted to do those heinous crimes regardless of what their position are.