Scammers are to be blame

[VDraci]

Really if there is anyway to erase scammers off crypto space it would have been better, 2019 would have bring better results for altcoins if not for scam projects everywhere scamming new investors, now scammers are scaring off new crypto investors wannabe since there is no trust or whatsoever and investors don't want to lose money either, whatever the next altcoin results is going to be will not be huge as many expected due to investors not trusting new altcoins anymore, no wonder why binance launchpads are selling out in seconds.

If crypto space is just like how binance managed IEO project in return for their own reputation altcoins will be skyrocketing right now because much more money will flow in, exchanges like binance is giving out trust investment that i really hope the entire altcoin space can do the same but its a shame scammers are robbing off the trust

[1714245836]

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[batang_bitcoin]

Scammers are found in every industry that they can see a way to make money. But what's good for this year is that many of the projects that isn't really looking at the future of their own project has been gone earlier. So, the ones that are remaining now are the ones who are seriously working their asses off for the project they have right now.
The market today is more convincing that it's growing on it's own not because of the hype that it has been a couple of years ago.

[cytpoway121]

I think I’m crypto currency; the one thing we need to avoid is the blame game
Crypto currency and blockchain is about decentralization which tells us that we are responsible for our actions

In view of that; everyone should do their own research and avoid any blame game
Investing is your choice to make either gain or rekt.

[JeromeTash]

You can't really avoid scammers. They are found in every aspect of life.

What we have to do is to sensitize people on how to detect scam in the crypto sphere. Honestly, so many ICOs are just scam with people behind them looking to collect millions of USD with no working product. The sooner people realize this, the better for them.

Crypto world will still grow, with or without scammers

[WalkerIVIV]

that's why scammers must not only be blamed but they must be jailed consider about scammers are always trying to steal money from others use various tricks. but there was a lot of chance for exchange site to protect us by implementing a very strict regulation like what we have see in binance.
That's more than enough to protect us from the scammers especially investors.
But sadly, so many low tier exchange sites are not using strict verification.

[kawetsriyanto]

In fact, when we are blaming the scammers, they are laughing at all, laughing that they can scam us and get the money freely from their victims. And they will not regret or think of our blame. This is so sad.

As we know and sure, scammers are very difficult to avoid or prevent. They are always growing and coming with their new ways. And mostly, they will always get the victims although it probably decreased because of the carefulness of the investors. So far, there are only some ways to minimize being scammed and we also thankful to the board on this forum offering scam accusation, so we can avoid joining in the project as soon as possible.

We need to be more careful when going to participate in new projects or offerings, deep and careful analysis is very important.

[Twinkledoe]

In fact, when we are blaming the scammers, they are laughing at all, laughing that they can scam us and get the money freely from their victims. And they will not regret or think of our blame. This is so sad.

As we know and sure, scammers are very difficult to avoid or prevent. They are always growing and coming with their new ways. And mostly, they will always get the victims although it probably decreased because of the carefulness of the investors. So far, there are only some ways to minimize being scammed and we also thankful to the board on this forum offering scam accusation, so we can avoid joining in the project as soon as possible.

We need to be more careful when going to participate in new projects or offerings, deep and careful analysis is very important.

We can't eradicate the existence of scammers especially nowadays that going after them is too difficult. They can disappear anytime they want especially if they are operating anonymously. It is the investor's responsibility to do his homework and no one but the investor is to be blame whenever something goes wrong. If you are blaming those scammers, then I don't know if you can achieve something by that.

[Decksperiment]

If you put it in a whole context, I think scammers are not the only one to blame, maybe we should also blame ourselves for not doing enough to prevent on not becoming a victim of these kinds of deceitful acts though I also think that these experiences will give us valuable lessons to make us more successful in this industry.

[Baby Dragon]

If you put it in a whole context, I think scammers are not the only one to blame, maybe we should also blame ourselves for not doing enough to prevent on not becoming a victim of these kinds of deceitful acts though I also think that these experiences will give us valuable lessons to make us more successful in this industry.

I agree with you, because if we are just being careful then we are not going to fall into scam and besides we have to face the consequences of our actions. We need to accept that we are making some mistakes and we have to learn from it. Its really important to have some knowledge because it can help us to make the right decisions for ourselves.

[terrorJR]

If you put it in a whole context, I think scammers are not the only one to blame, maybe we should also blame ourselves for not doing enough to prevent on not becoming a victim of these kinds of deceitful acts though I also think that these experiences will give us valuable lessons to make us more successful in this industry.

I agree with you, because if we are just being careful then we are not going to fall into scam and besides we have to face the consequences of our actions. We need to accept that we are making some mistakes and we have to learn from it. Its really important to have some knowledge because it can help us to make the right decisions for ourselves.

So actually the mistake was made from our own, the scammer does happen a lot anytime and anywhere, but we also have to suspect that and always be aware of what we know.

[Ozero]

For this incomplete year alone, various fraudsters and hackers have caused damage to cryptocurrency users in the amount of about $ 4.3 billion. This primarily damages the reputation of cryptocurrency. Only states can effectively combat this evil, and that is, if they fight together. After all, these crimes are very difficult to solve, given the relative anonymity of the cryptocurrency and the possibility of finding fraudsters in any country in the world. Fraudsters and hackers are a very big problem now for cryptocurrency and its users.

[thisnewcoin]

Scammers ruined the crypto market, ICO market's reputation. For continuous ICO Scam, last year most of the investors gave up from investing and now the potential ICO market almost-dead! So, scammers, Greedy people are to be blamed.

[Fundamentals Of]

While this is indeed a great improvement from a free-for-all ICO market where scammers are directly competing with legit projects, IEOs regardless of the platforms they are using are never a guarantee of success. It does not automatically follow that since an IEO is launched on Binance's platform, it will achieve success in the future. Neither is it a guarantee that the project will deliver. Please be reminded that not all IEOs launched in Binance have positive ROIs.

[Saisher]

Really if there is anyway to erase scammers off crypto space it would have been better, 2019 would have bring better results for altcoins if not for scam projects everywhere scamming new investors, now scammers are scaring off new crypto investors wannabe since there is no trust or whatsoever and investors don't want to lose money either, whatever the next altcoin results is going to be will not be huge as many expected due to investors not trusting new altcoins anymore, no wonder why binance launchpads are selling out in seconds.

If crypto space is just like how binance managed IEO project in return for their own reputation altcoins will be skyrocketing right now because much more money will flow in, exchanges like binance is giving out trust investment that i really hope the entire altcoin space can do the same but its a shame scammers are robbing off the trust

In any online investment, there will always scammers roaming around, especially in an industry that lacks regulation, we are just glad that we have Binance Launchpad, if not for IEO the cryptocurrency crowdfunding is long been dead, investors are ready to invest and like to be an early bird, but the regulation restricts them in finding the right project.

[rz20]

Totally agree with you but sadly there are no ways to completely weed out scammers out of crypto-verse at least not right now. maybe in future, someone will develop something that will help us do that.

[Ken_terrance]

If you put it in a whole context, I think scammers are not the only one to blame, maybe we should also blame ourselves for not doing enough to prevent on not becoming a victim of these kinds of deceitful acts though I also think that these experiences will give us valuable lessons to make us more successful in this industry.

How can one be so careful and avoid scammers 100%? its not possible cos one way or the other you will fall victim to scam projects either by investing or by joining fake bounty projects campaigns, scammers are advancing everyday to get enough money on their table, no matter how smart you are you can't avoid scammers totally

[MonsterV]

Actually, existence of IEO has made it difficult for scammers to move, but reputation of each exchange becomes a major consideration for investors in investing in IEO. Perhaps Binance has a very good reputation now, therefore every IEO project launched on Binance is sold out quickly.

The problem is that it is very difficult for exchanges under Binance to become like Binance, they have certain limitations in their development. IEO project is trusted by investors through exchange platform it launches.

While this is indeed a great improvement from a free-for-all ICO market where scammers are directly competing with legit projects, IEOs regardless of the platforms they are using are never a guarantee of success. It does not automatically follow that since an IEO is launched on Binance's platform, it will achieve success in the future. Neither is it a guarantee that the project will deliver. Please be reminded that not all IEOs launched in Binance have positive ROIs.

Well it's true that not all IEOs that are launched on Binance will guarantee success. However, Binance has a reputation that is able to restore attractiveness of investors to re-invest, at least crowdfunding is not dead, successful or not, it is a matter of project itself and not binance. Binance provides services and guarantees to avoid scammer projects, not guarantees that project will succeed.

[Strongkored]

What is done by Binance and several other exchange that host IEO is enough to help investors from frauds under the guise of launching new tokens, but it is not impossible that scammers will continue to try find loopholes in the IEO system so they can again deceive investors, which is why the investors must be keen to see every projec that is there.
Whenever there is an opportunity to get profit from the investment made, take the opportunity to reduce losses from others factors such as price manipulation from the ptoject owner.

[muslol67]

This SCAM issue is very annoying. I think we all agree on this. But we have to know that there is limited scope for this. We know that the market is also dominated by the decentralized structure. I am not sure how a way can be followed because in this case intervention, supervision and legal prevention are not possible.

[Kezacky]

yes scamers are always around us and they will never stop to commit project fraud as long as regulations / criminal acts on the crypto market are not implemented, maybe regulation is a good way to reduce scamers. and I think it's true that scamers are the main culprits to blame, and for users to be more selective before doing anything on the crypto market.