Scammers are to be blame

[Herbet Fry]

People also need to stop being foolish with their money that they worked so hard to earn. Stop thinking you going to earn multiples of your money just because a project said you will. That is unrealistic, how can everyone earn that much? Some must lose for some to win and people need to remember that.

[Teawhalee]

It’s not only tasing money or managing project , it’s also about delivery their goals ! Most project don do this !the reason is that even majority of old staff are still struggling with actulization of the project since many years. Let’s see how things unfold .

[desticy]

This is a crypto dude, here is decentralization and anonymity. In order to apply any measures to scammers, a regulatory framework is needed within which cryptocurrency will operate.
Now there is nothing of the kind, regulation is just beginning to develop, and when it appears to the full extent is unknown.

[Wyndesam]

Scammers are the major problem of todays crypto. In my opinion, if there would be less scam projects in the industry, we would definitely reach the mass adoption much faster. People are afraid to put their money into crypto, because of its bad image.

I agree, scammers are very much in the cryptocurrency , and it is very annoying, and a lot of my friends lost their funds in eth and tokens that stored their tokens on The mew wallet.

[Hypnosis00]

This is a crypto dude, here is decentralization and anonymity. In order to apply any measures to scammers, a regulatory framework is needed within which cryptocurrency will operate.
Now there is nothing of the kind, regulation is just beginning to develop, and when it appears to the full extent is unknown.

I really don't that such regulation could help to eliminate scammers, they have that smart ass and probably they look for any strategies in order to scam people. As we know, some project looks so promising at first but they actually have gone in the long run, and be call as a scam also?

It is not the scammer to be blamed at all, it also our self cause we decided to put our money in a certain project. Nothing has to think that they are a scammer but they will and we are fooled again.

[retnoanjani]

This is a crypto dude, here is decentralization and anonymity. In order to apply any measures to scammers, a regulatory framework is needed within which cryptocurrency will operate.
Now there is nothing of the kind, regulation is just beginning to develop, and when it appears to the full extent is unknown.

That is the fact. Not pessimistic, but in real life alone for crimes or fraud committed by professionals is quite difficult to reveal, especially in cryptocurrency that is more anonymous. The better the land, the more the fraudsters are interested and try to get the benefit of the beginner or the less thorough. Not much to do other than fortify ourselves with knowledge about adapting in cryptocurrency without giving a huge loss effect, do not be easily fooled into investment offers with the condition of providing some funds and will double in the near future.

[Lexurdania]

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

Scammers are one of the factors why investors are afraid to invest in ICO. Many scam projects occur because there is no regulation from the government so scammers can freely do the action without fear of being caught in the law. I agree that the exchanger must emulate the Binance strategy in organizing the IEO because with good standards, investor confidence can recover

[TheUltraElite]

I agree, scammers are very much in the cryptocurrency ,

Scammers exist in every sphere of life and not only in cryptocurrency. You get mugged in a dark alley, scammed on your credit card with false promises and scammed by the pavement beggar who is making a fortune begging. Do you complain about those too?

and it is very annoying,

Not if you know how to prevent being scammed and use your logic instead of your greed/fear/doubt.

and a lot of my friends lost their funds in eth and tokens that stored their tokens on The mew wallet.

MEW needs a lot of precautions to operate. But there are method to secure it, like using the Metamask plugin and storing them in a hardware wallet. Why dont you people use them and be safe?

[janedt]

sadly we cant delete scammers from online world especially cryptocurrency scammers can easily scam somebody online and not get caught because of online thingy the only way to do is be careful to scammers dont trust people online easily

[Godstrength]

I definitely see the point in where all that happened last 2017 somehow left a bad taste to some of the investors back then who wants to try/already are using crypto. IEO's on big exchanges like Binance are good and all since it provides liquidity and assurance to the investors but there can also be some backfires as it's expensive to get in. There's an evolved IEO that lets you buy top coins in the exchanges that are on a private-sales like price, but it's more of a gamble.

So many project did their exit scam and vanished like magic, I wish we can somehow chase them back. Or do we just have to let karma get back at them?

[dodziu]

Scammers are those people that know the entire truth about a business and choose to go the wrong way either willingly or unwillingly.
This set of people are like the opposite side of a coin and there is little or nothing we can do about them, some of them even hire celebrities to promote their fake business.

[yazher]

You cannot stop those fools on what they do because they grow old with the scamming habit. If it was me I would have not taken anything from people illegally and feed my children with those dirty money I got from innocent investors. I will rather be contented on the little thing I get on the legal job I do than to steal some big amount of money from people.

Even though I earned a small amount of money, I'll be happy to spend it on anything without worrying for karma which will gonna happen sooner or later. that's the truth of our life is if you do bad, the result of your bad deed will be extremely bad that's because of the curse of the people where you stole your money and when you do some good deed the result is content and secure life.

[tanjiran]

snip~

So many project did their exit scam and vanished like magic, I wish we can somehow chase them back. Or do we just have to let karma get back at them?

Of course it's the desire of all those who have been caught in fraud. Track and catch the fraudsters, at least to get back what is valuable. But it is quite difficult, fraudsters are very clever in manipulating and hiding. Not much can be done other than fortifying yourself with a variety of knowledge so it is not easily trapped.

[danherbias07]

It is difficult to just erase those kind of behavior.
Some just really want to abuse the system and put it in their hands.
But at the same time when done to them, they get more mad than their victim.  

Only way to prevent it is be cool and let them put all their sweet words until you will see it. The truth.
I have done this so many times in telegram and I have also blocked a lot of them.
They come instantly when you join a group.

[Krismanto]

These fraudsters make the crypto reputation decline and in my opinion, they pride themselves on deceptive work. They will someday experience the same because their deeds of many investors lose money.

Binance is one of the best exchanges, so it is not surprising if the project has a large volume. And scammers also utilize the project by providing hope can incorporate Binance. It is very difficult to avoid because every industry will surely have fraudsters.

But you do not give up because not all scammers can do that. And to date, I may be lucky to be always careful that my money is not lost due to fraud.

[Golftech]

snip~

So many project did their exit scam and vanished like magic, I wish we can somehow chase them back. Or do we just have to let karma get back at them?

Of course it's the desire of all those who have been caught in fraud. Track and catch the fraudsters, at least to get back what is valuable. But it is quite difficult, fraudsters are very clever in manipulating and hiding. Not much can be done other than fortifying yourself with a variety of knowledge so it is not easily trapped.

Everyone will agree that no one wants scammers to easily get off the hook and get penalized for what they've done. But like what you have said, they are well-driven and have a broader knowledge regarding  these illegal activities that they've planned to create inside the market. Scammers who are not caught are enjoying other people's fruit of labor.

And for the victims of those scams, unfortunately, you have learned the hard way, and at least you will know better next time.

[Stanlo]

You cannot stop those fools on what they do because they grow old with the scamming habit. If it was me I would have not taken anything from people illegally and feed my children with those dirty money I got from innocent investors. I will rather be contented on the little thing I get on the legal job I do than to steal some big amount of money from people.

Even though I earned a small amount of money, I'll be happy to spend it on anything without worrying for karma which will gonna happen sooner or later. that's the truth of our life is if you do bad, the result of your bad deed will be extremely bad that's because of the curse of the people where you stole your money and when you do some good deed the result is content and secure life.

But the fear of karma is no where to be found, it takes time before karma start dealing with bad people and they must have destroy lots of peoples life before karma bounce on them, bad people keeps doing bad because karma don't attack them instantly but i belief that no wrong doers will escape the wrath of karma

[Mighty_crypt]

There is no way to defect scammers off the internet for good but i belief that once bitten is twice shy, i meant that even if a newbie mistakenly fall victim to scammers he or she will learn, scammers will end up making people more smarter and one day they will be out of business because scamming won't be a new thing anymore

[BRODIN]

all hope there are no scamers in this industry, but the fact is that most of them are always around us and we don't know the true face of the scamers.

[robelneo]

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

When there's no regulation there will always violators, and the ICO sphere is the easiest way to infiltrate, they feed investors greed for a new profitable project, let's admit it we all want to be a pioneer investor of start-up projects like what happens to early investors of Bitcoin, Ethereum and some other start-up project.
And this is where scammers begin, they create a project, that looks like the next big thing, they create a major hype on it until they get funded and that's the end of it, they are ready to vanish, with investors money.