How to prevent fraud?

[DaftAjax]

<....>

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.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

[1714262471]

1714262471

[doomloop]

<....>

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.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

Sharing the words is a way of spreading the awareness.  If someone can get benefit from our experiences, then we should not resist from letting the cat out of the bag. Each matte can be looked from different angles and only pessimists will focus on negative side. Investors should be more careful with their decisions and go for options that are supported by a huge community.

[DaftAjax]

<....>

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.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

Sharing the words is a way of spreading the awareness.  If someone can get benefit from our experiences, then we should not resist from letting the cat out of the bag. Each matte can be looked from different angles and only pessimists will focus on negative side. Investors should be more careful with their decisions and go for options that are supported by a huge community.

But then again, people tend to be depicted as "white sheeps". If a person told someone that a certain something is terrible they would easily believe it even though they didn't even saw/heard for themselves. It's easier to doubt than to trust after all. But then again that also depends on who says what. If the said person have closed ties with someone who is being told to, its really obvious that that certain someone will whole-heartedly trust the said person.

[atjiat]

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.

The fact is that compared to 2017 and 2018, fraud in the cryptocurrency market has become a little less, because investors have become more careful in choosing new companies to invest in.  Of course, scammers today come up with various ways to deceive cryptocurrency users, but nevertheless, in my opinion, the scale has become a little smaller, although it has become much more serious.  And most companies do not show good results and disappear from sight after their announcement only due to the fact that the cryptocurrency market is in very poor condition and most potential investors do not express a desire to invest their funds in low-potential projects.

[bohr]

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

We can avoid being part of FOMO and FUD and the only way in which we can do this is to control our emotions, whenever you see the market going up really quickly people want to be part of this because they think of all the profits that they can get if they are part of the market but in most occasions when that happens you are already too late to enter the market, and if you do, you are only going to get losses but it is very difficult to resist the impulse to join when everyone else seems to be getting huge profits by doing almost nothing.

[Gyfts]

The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly. 

[Boov]

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.

Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.

[asus09]

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.

After many victim on 2017 with bitcoin have down to lower price make many people look fraud with investing in bitcoin or altcoin, they will think the same moment with 2017 when bitcoin down suddenly will happen again, I think is not fault by investor because they have faced moment with bitcoin down but we have never give up with bitcoin and altcoin investing.

[Best Dreams]

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.

Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.

People always remain in search of those people who are not aware of people. We should make research before starting and make research on Google or any other project. People try to make money from other people by scamming them so we should get involved in real projects only and use them to get profit in real way.

[Twentyonepaylots]

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.

Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.

People always remain in search of those people who are not aware of people. We should make research before starting and make research on Google or any other project. People try to make money from other people by scamming them so we should get involved in real projects only and use them to get profit in real way.

What people these days missed when investing, the researching stage. It's been a long time that we are sitting in front of the computer and still got victimize by scammers. Frauds can be prevented in a way that it will start from you. Experienced people can already sense if what is happening is a sign of scam, experienced people learned from their mistakes. I guess it's part of becoming a investor, that needs to overcome as time passes by.

[sarnic]

Frauds are inseparable part of cryptocurrency market, which still develops fast. Who has never encountered any crypto-related activity which seemed to be suspicious? The thing is to make people more aware that the internet is full of any type of scams, from coins stealing, pyramid schemes to hacking accounts so on and so on. It could be hard or even maybe impossible to eliminate it totally. However there are companies set up strictly to prevent frauds, money laundering or reclaiming stolen cryptocurrencies e.g. Coinfirm. Company that gained popularity through business partnerships with platfroms like Binance, Kroll, Coindeal, RSK, XAP, Cointelligence. Generally- interesting topic, hope in the future the internet would be a bit safer place, if you are interested in such activities, you can find more information on their website: https://www.coinfirm.com/

[Amel]

The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly. 

Actually they have educated themselves and many have known about cyberspace security. But they underestimate the important things and believe that their assets are in a safe place while the scammers always have many ways to hack the system.
So when holders of these coin holders lose their assets whether in personal wallet or exchanges, they can only blame themselves for their carelessness.

[supercanada1]

Frauds are inseparable part of cryptocurrency market, which still develops fast. Who has never encountered any crypto-related activity which seemed to be suspicious? The thing is to make people more aware that the internet is full of any type of scams, from coins stealing, pyramid schemes to hacking accounts so on and so on. It could be hard or even maybe impossible to eliminate it totally. However there are companies set up strictly to prevent frauds, money laundering or reclaiming stolen cryptocurrencies e.g. Coinfirm. Company that gained popularity through business partnerships with platfroms like Binance, Kroll, Coindeal, RSK, XAP, Cointelligence. Generally- interesting topic, hope in the future the internet would be a bit safer place, if you are interested in such activities, you can find more information on their website: https://www.coinfirm.com/

It is not the problem of digital market only but scams have remained with us since the beginning. It is in human nature to deceive others. People like to snatch money instead of making because this way big amounts can be made in lesser time. But this does not mean that the coins are not good or the technology has opened more ways for the criminals. Like every thing, crypto currencies has its own pros and cons.

[angrynerd88]

Informative post,As we all know its era f globalization and we live in global village its because of internet.If we avail the best opportunities while also there is risk of frauds so just believe in real and registered projects and don't believe in a person but the organisation having physical existence and worth.

[andycarrol]

The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly. 

Actually they have educated themselves and many have known about cyberspace security. But they underestimate the important things and believe that their assets are in a safe place while the scammers always have many ways to hack the system.
So when holders of these coin holders lose their assets whether in personal wallet or exchanges, they can only blame themselves for their carelessness.

I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.

[yarlungzangbo]

Only focus on mainstream coins, hight risky means high profit, but you must have rational brain like computer does or you won't esacpe from probability.

[ElizabethWhite]

I think it will always exist, we just need to be careful.

[Angi]

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.

knowledge is so very important this day because of any fraud we heard outside and inside crypto. we cant stop this kind of people, there are always there to warn everyone that they need to gain lots of information. for me it is good to listen to them sometimes because we can learn everything from them and we can think much more on what move we can do.

[bohr]

I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.

As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams.

[meliodas]

I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.

As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams.

Indeed. We cannot stop the people who are scammers and planning to scam or fool other people. It is on us on how we are going to react into different circumstances in the market and how are we going to have enough education in order to identify the real opportunity to a fake one. We should be responsible to ourselves and that will be the key to prevention of any fraud or scams.