Scammers are to be blame

[TheUltraElite]

It will be almost impossible to filter out scammers from legit projects but there are ways. One is to confirm the identity of the people behind the project. Not all pictures of the CEO or the dev team you see are legit. I have a friend that encountered a project that is actually a scam and they used stolen pictures from other legit projects.

Stolen pictures of using stock images of models to show as team members is a common tactic. Because some bounty lovers go for such projects and know some turn scam they might go to check the website and the owners but some pictures they think that all is good and start their bounty spamming, because they are greedy to get paid and not check the team properly.

Fact is that even established team end up with exit scams. Look at the AMBIT mining ICO. The owner Beka has shutdown the site and now posting Instagram stories leaving investors who invested millions of dollars at nothing but dust in their hands.

[Ducky1]

As previously written, scammers are the main problem of crypto. Investor confidence has greatly diminished thanks to them. The only thing we can do is be more attentive and try not to fall for their tricks.

[aakay]

The blame is a two way game. Blaming scammers sure that is allowed but investors who were scammed should also be blamed. Were you busy looking at the payout alone while you were supposed to also be making research and knowing more about the project you are investing in. Scammers will always be present in our everyday lives and i think it's high time we understand that and always be on the look out

[erickastella]

I think IEO in binance has improved the situation of the chaotic crypto world, since the ICO era the scam attacked many investors who ran away and were afraid of the crypto world, but when binance first issued IEO it was very good news for me, if it is true I hope IEO in binance is a role model for the market exchanges to also release IEO with a project that is clearly not fake.

[TheICE007]

Talking about scammers, I believe their are in every industry and crypto industry wouldn't be an exception. The only thing we can do now is to do our research not to fall victim of such scam, there are some good projects out there with some working product, let's try to find them and not blame anyone.

[ongkok87]

Of course scammers are to blame because there are no scammers that are protected, anyway scammers must be removed but we realize it's impossible. So the thing to do is to narrow the space for scammers to carry out their actions, then maybe by making rules on each new project that can attract more investors with lots of evidence and a truly reliable path.

When so many frauds are happening right now it is the fraudsters who should be responsible for what they do but we have seen that at this time not many fraudsters have been investigated by many people or the police

[qiwoman2]

It's not just the project scammers but individuals lurking to scam everyone else. It's also about demographics and the problem with post-colonial issues. Many in Developing countries that were colonized by Americans and Europeans now have this manifesto going that their entitlement to scam others is because of what was taken from them by their colonial masters. A part of me gets the frustration that many are feeling because of what they inherited economically from these nasty Overlords, but many of these countries have become independent since then and their governments are riddled with corruption and Feudal and Archaic systems run by the Local Rich People, still enslaving a portion of their own populations, which again is causing all the scam rings to occur in Crypto. What we need to do is address the root causes of economic unrest, help people through being self-confident and empowered and also those colonial Overlords should give back what they took, well as much as they can for damages caused to generations of people and then the people wake up and use the blockchain to get rid of local corruption. Then all the scams will most likely be gone as people will be prosperous and healthy in their own countries, enjoying a decent lifestyle, good governance and no one ripping them off for their resources. Look at the miracle of Rwanda for example, how in just one generation Kigali is becoming like the new Singapore of Africa and it is one of the easiest countries now in the world to open a business in. We should all stop thinking of this us and them scenario, and start looking to the blockchain for solutions to the sick Human conditions that plague our planet. We all have to survive on this planet and feed our families, so if we thought of everyone else as our wider family, we would all stop to think and not rip each other off. Whether it's a colonial overlord or a scam ring in crypto.  

[sangjoewara]

Talking about scammers, I believe their are in every industry and crypto industry wouldn't be an exception. The only thing we can do now is to do our research not to fall victim of such scam, there are some good projects out there with some working product, let's try to find them and not blame anyone.

Strongly agree, we are not required to blame others or anyone, and a good project is clearly out there, but for now it is very difficult to find it, even though we have researched it repeatedly, it is still difficult to find a good project.

[Fredomago]

Talking about scammers, I believe their are in every industry and crypto industry wouldn't be an exception. The only thing we can do now is to do our research not to fall victim of such scam, there are some good projects out there with some working product, let's try to find them and not blame anyone.

Becoming a victim of scammed project start with lack of knowledge, those scammers are always around the corner which is very possible that they can trick investors easily by hiding behind the back of those good funded projects. Investors needs to learn that it will be hard for them to get anyone inside if people do their homework of researching and studying every projects that being offered.

Knowledge is the best prevention to things that you can't handle. Do your research and achieved goals that you wanted to have from this industry.

[TelolettOm]

Talking about scammers, I believe their are in every industry and crypto industry wouldn't be an exception. The only thing we can do now is to do our research not to fall victim of such scam, there are some good projects out there with some working product, let's try to find them and not blame anyone.

Detection of scammers nowadays is also sometimes difficult, they always change the way they are able to fool investors into trusting to invest in their products. even though this is very detrimental to those investors who have been deceived by the scammers' actions with products or IEO that are currently trending

[Metall303]

Talking about scammers, I believe their are in every industry and crypto industry wouldn't be an exception. The only thing we can do now is to do our research not to fall victim of such scam, there are some good projects out there with some working product, let's try to find them and not blame anyone.

Strongly agree, we are not required to blame others or anyone, and a good project is clearly out there, but for now it is very difficult to find it, even though we have researched it repeatedly, it is still difficult to find a good project.

it’s hard to find because at the very beginning the project can be very promising, but after several months of work they faced with difficulties and then we already see that the fate of the project is not as incredible as we would like to see

[Rebisco]

The people who got scammed should blame their selves because of their negligence. They have lack of information and that's why they believe to what the scammers said.

[Kvalentine]

The people who got scammed should blame their selves because of their negligence. They have lack of information and that's why they believe to what the scammers said.

Are you saying you've never get scammed before? not all those who get scammed are to be blame because sometimes your researches and informations won't safe you from falling victim to scam projects, its just that bounty hunters should learn to let go when there is no good bounty project to promote

[xiboothrezi]

Scammers are like pests. They damage the ecosystem and make it chaotic. Not only in cryptocurrency, but in almost all potential fields. In cryptocurrency, common scams such as fake investments, fake fundraising, fake airdrops, fake trading signals, some even openly ask for funds. Strangely, there are people who are trapped and willing to spend their money just because of a sweet promise. So it is very important to equip yourself with a variety of effective knowledge to prevent fraud.
Well, IEO on big exchanges like Binance is good enough to restore the confidence of investors who have been trapped by failed ICO.

[Boardmangetpaid]

No matter how many scammers are here in crypto space lets keep focusing on selecting good projects i belief that one way or the other we will get paid of our endurance on day, investors are getting more smart and only newbies are falling victims because they don't want to learn but its only a matter of time before scammers will have nothing left to use for deceiving people, they will surely run out of tricks

Campaigns who are turning into scams will really come out of nowhere no matter what year we're at, regardless if it's an ICO, STO, or IEO generation. It's either they'll end up as an exit scam or a dead coin not meeting any of their promises even though they had successful token offering. We can no longer trust word of mouth from famous personalities too, John mcafee endorsed an ICO scam last 2018 which is now awaiting court decision. That will tell you that you should still do your own research and not rely on news.

Sentiments and news drives a lot of what's happening in crypto and we have to play it smart and minimize our losses as much as we can.

[agentx44]

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

We are all mad and furious about the existence of those scammers, because of them, we end up losing a lot of money and wasting a lot of time. I know they are the one to be blamed, but we also have a part on that regret, we can also be blamed most specially if we carelessly joined or traded with them. Let us keep on hoping that developments would continue to take place so that the scammers would be completely gone and we can invest peaceful without any worries about experiencing fraud.

[aioc]

If you are still investing in ICO then you are part to blame, if people will boycott and stop investing in ICO the better, let's them find a private company to invest in their project and let investor just buy it when it hit the market, so we can see if they are honest and really wants to develop their project.

[TitanGEL]

Talking about scammers, I believe their are in every industry and crypto industry wouldn't be an exception. The only thing we can do now is to do our research not to fall victim of such scam, there are some good projects out there with some working product, let's try to find them and not blame anyone.

Strongly agree, we are not required to blame others or anyone, and a good project is clearly out there, but for now it is very difficult to find it, even though we have researched it repeatedly, it is still difficult to find a good project.

it’s hard to find because at the very beginning the project can be very promising, but after several months of work they faced with difficulties and then we already see that the fate of the project is not as incredible as we would like to see

It is really hard to find a good project nowadays, most of them are scams. There are now only few promising projects that we can find, I keep researching and it is the reason why I keep reading many articles in order for me to find a worthy project.

[Colt81]

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

Indeed. Scammers are the one's to be blame because eveything should be okay in cryptocurrencies if wasn't because of scammers scaring crypto investing and other people who wanted to try to invest in crypto. It is the reason why most ICO projects are not successful and their coins don't have any good value because a lot of investors don't have any interest to join in such projects.

[HabiebRiziq]

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

It is true that investors have begun to lose confidence because of a project scam that makes them hesitant to start investing and it will also make it difficult for a project to develop so that people who participate in the project will be affected, if we see that the scammer is to blame because slowly The loss of trust makes investors afraid to start investing and then does not go on with projects that affect the people who participate in them.