Why lots of people got scam easily

[5thFear]

Greed is the main cause of getting scammed easily. I lost around 25k usd in 2016 because of scam and it was purely because of greed. Though it was in a HYIP program and not in a crypto related project but i think the main cause in any case remains the same and that is greed.

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[spadormie]

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

4. People are so stupid enough to be gullible.

People are easy to deceive. With a good looking guy with an equipped skill of communication, even if he is a scammer people will trust that guy. "Hey, you should invest on our project, we have what you looking for. Profit is easy with your investment." I'm talking about here about the investments in general not just in cryptocurrency.

People remember the number 2, YOU SHOULD SEARCH ABOUT THAT PROJECT. Don't be gullible enough to be scam easily by these scammers. Being ignorant in cryptocurrency can bring you nowhere.

[Ucy]

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.

I totally agree..
I can imagine that the huge bounty rewards quoted in fiat currencies are difficult for newbies to resist. The huge are the main cause of the greed. The bounty managers seem to understand this and are probably using this against them.

The lack of knowledge about projects is another good point. Many hunters don't care to go through project whitepaper and Roadmap. Those should always be investigate for project quality, uniqueness, originality, viability, etc

[electronicash]

Greed is the main cause of getting scammed easily. I lost around 25k usd in 2016 because of scam and it was purely because of greed. Though it was in a HYIP program and not in a crypto related project but i think the main cause in any case remains the same and that is greed.

these type of scam are base on investing into projects. there are other scams like buying some products which were not sent to their doorstep but have sent BTC to the scam sellers. there are really people who are really out there preying.  most scam in the forum are about ICO and yes you can call it greed when someone promise them they can instantly profit when they are offered to invest in casino tokens.

Nobody’s perfect, even if you have invested in the most legit project you will never know the outcome of the project. But the important is you don’t rely your judgement and invest in a project because someone shilled it to you, in the end its your own decision to be blame.

for that we can consider them risk takers.

[Moiyah]

In some ways you have point in your explanation especially being greedy and the trust issue, obviously they been scam because they trust the campaign or developer they join.

No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project

In addition, not only who are beginners or lack of knowledge is being trick, also investors who are well-experience are not an exception here. As we know swindlers nowadays also evolved and used styles and convincing power and knowledge to scam all of us.  We need to make known the common observed btc scams to protect our currency. We can also used internet for some list of scammers and btc scam websites. Also if you’re a novice invest only to reputable campaign and developers for security. We need to be vigilant and cautious in everything we do especially here in crypto not only the new ones but all of us.

[Rampagoe004]

Weve the point that you have said is already correct, we are very easily tempted by big offers and we do not know that they only attract the attention of us and investors especially those of us who are greedy will certainly easily become victims, so in following a project we are more first had to know the team that worked on the project if it had always been active in the telegram then the project would normally run smoothly, now we must be careful because scam projects have often happened.

[sulendra12]

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

Less scam? yes
More trusted? no

Yes, we have less scam projects now at the beginning. But we don't know if they want to develop any further after making so much money through ICO. We have so many real proof that the price is just constantly dropping on most IEO because the team doesn't care with their project.

[barnes13]

Point number one is the main point that causes many people to fail in investing. People who are planned are the luckiest people because if their profit targets have been reached, they will not fall asleep and start thinking about plans for future investments. But, not with greedy people, they will do the opposite and will wait without certainty the target of their investment. Even in a condition, even if the target they want has been achieved, they will continue to take risks again without careful planning.

[masterrex]

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.

Aside from those mentioned No matter how you are good for detecting probable scams, Sometime those project that we believe a legitimate one suddenly became an exit scam, thats the reason why even we just doing a little researched about the project we like to invest. But still we are vulnerable to be a victim. Thats why just make sure that anyone was aware of these truth. these is the cryptocurrency norms nowadays.

[agentx44]

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.

I agree. Such things should be important in order for you to avoif getting scammed and at the same time, have a successful project involvement. You should not be attracted to luxurious promises give on the whitepaper, instead try to do a background check on the people running the project so that you may know the credibility of the said project. Make sure you understand the things being mentioned on it so that you can be aware of what's happening. Don't trust too easily, make sure they have good history background before risking on their project.

[Byakuga]

Don't mix scam projects with failed projects, they are not the same and that is why you need lucks in crypto space to go higher, even if you are very good at researching projects it doesn't safe you from projects that aren't scam but can fail anytime, research is really helpful but thats not all

[minersday]

Lack of knowledge is the principal reason why people get scam in the crypto space. Knowledge is the main element needed to understand any crypto projects in the crypto space. People are always ready to take advantage of ignorance of other people to rip out their money through scams and ponzi schemes. In as much that  greed can also be a reason why people get scammed, I believe that it is a fruit of lack of knowledge. Inadequate knowledge about a project can make you develop greed...

[Aabcde]

absolutely right, agreed. In fact some people are lazy to do research on projects. What they know is, if there is a HYPE project, then it is certain that it has the potential to generate profits. Even though all he did was draw his own money. On the other hand, hype can be made to fool each other. Attract people's attention to participate in the game of the developer.

[Perfect35]

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

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

Yes, I might say you have good points there, but even if you abide by all those three points, you might still be a victim of scam. Better still or in addition to what you have said, I would advise that no matter how much you know about a project or the team, only invest what you can afford to lose. Yes you have done your research, do not put your whole fund on a project.

[febriyana]

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.

That is true. But other reason can also make person get scammed.
FOMO, Fear Of Missing Out. Someone if see the crowd people and see that people buy that coin. He will try follow it. They don't care is it true project, who the developer, etc.
They only see people is always talking it, maybe that is real.
Then they buy it with their salary from job or maybe from their saving
Yeah... 1 week project still run making profit, after that Dissapear! Welcome to SCAM club.  

[yazher]

We have been educated and taught to trust and not to question anything: that's why we fall into pitfalls that easily cheat us.

We raised to believe that all people are nice and after we get old, we learned that it was not the case. rather it's a man for himself. If we don't act like a man we are easily get fooled by these people who we taught are nice. Scammers are everywhere each one of them has their own bait to get innocent people trusts and when they get those innocent people's trusts, they will do their things and run away with those people's money. Let's not be fooled by those thieves and crooks, let's show them not all people will fall to their trap.

[blckhawk]

Along with greed is following the fake hype that attracts more investors until it stacks up, giving the scammer lots of money with no actual project to do. The hype is what drives these people to invest immediately without reading the paper and realizing what they've done. All investments, even on small or big amounts, should always have initial research since transfer of funds in crypto-space is irreversible. All your points are points are true and these points are what we must avoid as much as possible.

[ned.ryerson]

Now the main reason is the lack of experience in participating in new projects. this leads to the fact that people spend their time and money on empty projects

[Ken_terrance]

I completely agree with you that is true. Basically, newcomers fall into such a trap of scammers who do not understand how risky it is to invest money in an unverified project and, of course, this is greed. When investing, there is always a risk of being left without the money that you invested in the project.

Even if you warn newbies not to invest on a project they will still do it thinking that you want to block them from making it big , they always like or prefer to learn the hard ways, once they get scammed they will start putting blames on bitcoin, saying its scam and the ones who wants to learn will learn from their mistakes and try to avoid same thing next time

[Kupid002]

I completely agree with you that is true. Basically, newcomers fall into such a trap of scammers who do not understand how risky it is to invest money in an unverified project and, of course, this is greed. When investing, there is always a risk of being left without the money that you invested in the project.

Even if you warn newbies not to invest on a project they will still do it thinking that you want to block them from making it big , they always like or prefer to learn the hard ways, once they get scammed they will start putting blames on bitcoin, saying its scam and the ones who wants to learn will learn from their mistakes and try to avoid same thing next time

The problem here is they want a high percent return in  short time from there invesment. which is not really happen all the time , all do there are many people has been successful with that kind of investment it doesnt mean you will also be successful if you follow thier success stories.