Why lots of people got scam easily

[BitTraderCute]

many people got scam easily cause they didnt research properly on project that they joined. most of them just following signals from any trading group or from people that recognized as expert for them. i have same bad experience while invest in some project which is it will good project in future and unfortunately i wrong with this decision. scam project must be good experience for us so in future we will better.

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[Cryptoababe]

Things why a person can easily get scammed in crypto-world

1. Greed
2. No knowledge about the project
3. Trust

This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.

You didn't add believe. Some people worship some project like god and they believe in the project blindly without even looking at the aim of that project. All they say or want is when is Binance. While the project owner is working on his /her method of dumping and running away (scamming)

[Arkann]

People who do not have experience, people who do not have a sufficient amount of knowledge, and are also too gullible, they always fall under the influence of scammers. Investors In such situations they lose their money, but the Bounty Hunters also succumb to the influence of scammers when they believe the sweet conditions of the Bounty company, and as a result they are left without paying for their work.

[10BTCaDay]

Peoples are tend to trust other blinded and too lazy to make their own research that why they are a very easy target to be scam.. Greed overcome their mind and make their judgement up side down tear away because they only want to get rich overnight. Scam can be done if someone not very careful to do thing right and try to search something that make sense rather then searching how to get rich overnight scheme. Better slow then sorry later..

this market cannot exist without such people. Any financial market is full of people who simply do not know how to do their own analytics and therefore they trust to some experts

[ongkok87]

I think the most commonly reason is having no knowledge at all even if you are greedy and know that it was a scam you would not give it any chance to invest on it but if you don't have knowledge at all about how it works, don't know the risk, don't know the common scam system like ponzi scheme then you can really easily be scammed by others.

[Alohadanc3]

Yes. This market is full of scammers and scams. So we have to always careful about that. Most of those people who are being scammed are newcomers. They have that mindset that. This market is only made by profit and they will be rich overnight. And for this reason most of the newcomers end up in scams or in lose. The most important thing in this market is knowledge. Before any kind of investment first saw how this market works and gain some knowledge. That's the only thing which can save anyone from scams.

[iTradeChips]

Peoples are tend to trust other blinded and too lazy to make their own research that why they are a very easy target to be scam.. Greed overcome their mind and make their judgement up side down tear away because they only want to get rich overnight. Scam can be done if someone not very careful to do thing right and try to search something that make sense rather then searching how to get rich overnight scheme. Better slow then sorry later..

this market cannot exist without such people. Any financial market is full of people who simply do not know how to do their own analytics and therefore they trust to some experts

Same analogy as in rich countries cannot function without poor people to do the dirty work. It is interesting thought experiment as what might be the state of cryptocurrency if all people are very good at doing trading and they are not greedy and at the same time they are not confused and they are very focused. I might think that the losers will simply be those who made bad trades and I also think that it would be difficult for many to earn big bucks since the competition would be intense.

[BeginToMine]

I would say greed really caused much hype to people getting scam by projects and users especially telegram where they are told of money doubling. You don't have to be greed in all and also expect always that people asking for money doubling are looking for means of getting more funds because if they are not they would have been contented with what they have instead of requesting for more to give out.

[Wend]

Because lots of peoples are not making proper researches before investing in a project. Some are impressed with a nice website presentation with promises. So they trust blindly and fast.

And thats one of the reason also luck of research Ill think they want a easy money but in the end it was a scam.
If we enter for investment or participating some project we need a plan or strategy before doing that things so in the end we are not regret if the project are being become scam or not. So we need to think it first and be careful always so our money are not gonna waste.

[Wingo]

Things why a person can easily get scammed in crypto-world

1. Greed
2. No knowledge about the project
3. Trust

This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.

Greed is the biggest reason, crytocurrency related scams promises high yields which are too good to be true. Of course those people who are new in this scene and are motivated by greed, can easily get hooked in ponzi schemes.

Any investment takes time, patience, a great amount of research and for some, a bit of luck. People should learn that there are no guaranteed investments which can easily give huge amount of money in a small span of time.

[math2020]

Because scammers are around us in amount of large number and they are using new and new techniques. Main thing is that we are so greedy that got scam easily without any investing about the project.

[popeye95]

Greed is why many people fall for scams. I do know a few people did have knowledge and understanding about crypto to recognize scams but because of greed, they blindly invest and got scammed.

[MCobian]

The first reason is because many people expect instant money, even though making money in cryptocurrency is not as easy as imagined.
It takes hard work to learn about knowledge related to profitable trading strategies. And that can sometimes be achieved for years. So don't
be easily attracted by investment offers or projects that promise big rewards in a short time.

[Dessy88]

''No knowledge about the project'' i think this point plays a more important role in avoiding a scam project. Suppose you invest in a project without any research then you are more likely to have a scamming problem as the project may be a shitcoin or they may scam directly. In some cases our choice is skeptical so we should not invest there and should not be excited to invest in comments from other people.

[Vishnu.Reang]

Greed is why many people fall for scams. I do know a few people did have knowledge and understanding about crypto to recognize scams but because of greed, they blindly invest and got scammed.

Greed has existed in this world ever since the first humans evolved out of apes. So that is something we need to accept. It is a basic human characteristic. Every human is susceptible to greed, at varying levels. If you think that you are immune from it, then you're lying. So the question is what can be done. Taking out awareness campaigns can help, but I doubt such campaigns can compete against massive amount of propaganda dished out by the scammers through various social media handles.

[Princeofpoetry]

It takes hard work to learn about knowledge related to profitable trading strategies. And that can sometimes be achieved for years. So don't
be easily attracted by investment offers or projects that promise big rewards in a short time.

This is what makes a lot of people trapped, losing their money because they want to immediately get a profit without studying the project first.

[3meek]

Greed is why many people fall for scams. I do know a few people did have knowledge and understanding about crypto to recognize scams but because of greed, they blindly invest and got scammed.

I agree that people often lose their money because of greed! As well as because of someone else's opinion...

For example, there is a token CRV, which costs now about $ 5... It is regularly advertised on Twitter now...
So, the circulating supply is now about 29,000 coins and the total supply is 1,315,880,924 coins... That is, someday someone will lose their money forever!

Another rule - the crowd can not be a winner in the casino!

[Estehmanis]

That is true, but with IEO this days, projects become less scam, and more trusted

Do you can guarantee its? you could say that the his? like that you do not you see project involved defi many escape, as his there is no reason for saying that i think guys

[Bossfidelity]

From my little experience in this space, I've found out that the most prevalent reason why people get scammed in the space is due to greed. Naturally, we desire what gives us more benefits at little or no cost. Scammers understand this philosophy and strives to build their strategies on this philosophy.

[giammangiato]

Last drama: 1400 btc stolen!

https://github.com/spesmilo/electrum/issues/5072

in my experience I can say that one of the problems is definitely absolute security, and no fear or paranoia in doing things

when I move my cryptocurrencies I always check the destination address two or three times and above all I use a wallet like ledger nano x for my own security

scam born when you feel secure