Why lots of people got scam easily

[rmhuntley]

I agree. We cannot blame them though, it is difficult to determine whether a project is legitimate or a fraud especially for newbies. Me myself isn't an expert yet on detecting scam projects. It really takes a lot of experience and a strong instinct.

Actually there are several ways that have been presented by forum users and bounty hunters to determine legitimate bounty. But still, not many people want to read and know it because they are lazy. This laziness will only bring them to the threshold of disappointment because the work does not get results.

[Palider]

Newbie often falls for these three reasons. But these three things we have gone through and learned. But why do so many people fall into this scammers trap again and again?

Because they didn't learn!
Since they don't make it a lesson that can happen again, they already know what to do!

It's simple.
If you become greedy you will learn.
If you become unaware of the first time you attended an invesment or Ico and became a victim of a scam you will learn!
If you have ever believed in the promises and fragrance word of scammers and have been victimized by them I know you will learn!

[Republikcoin.com]

I agree. We cannot blame them though, it is difficult to determine whether a project is legitimate or a fraud especially for newbies. Me myself isn't an expert yet on detecting scam projects. It really takes a lot of experience and a strong instinct.

greed, carelessness, choosing investment blindly, not doing research, excessive trust, no knowledge, hurry, and other negative traits are the reasons why so many people are deceived, or exposed to scams.

we really can't blame them, because fraudsters have so many tricks in attracting new investors. however, if new people in investment lose this trait, chances are they can choose the right investment.

[biddicoin]

They got scam easily because they have not been scammed before, but if they got scam once, they will learn from this experience and if it is a huge amount, they will see to it that all the projects that they are going to invest are all screened,
people tend to be more careful after they have been scammed even once.

but the fact is even they got scammed once, they are still able to get scammed twice
dont you realize that this scam scheme is continously? it means investors can get scammed more than one times
i personally agree that greed is the most reason why people got scammed

[BeginToMine]

Most people that involves in scams are as a result of low or no proper research of a project. And some are as a result of greed. They see it coming but would want to get in fast and dump this has pushed many into loosing funds because before they get in to withdraw the scam teams have already done the needful on them. While some are from telegram peer to peer which also results from greed. Greed and lack of researcher are the gebesi of people getting scammed.

[Kvalentine]

That is valid, other than knowing about what undertaking is about, there is the need to do a historical verification to check claims, group uprightness, credibility of records and so on. Practically all scam activities will be caught with genuine investigation and enough research

Really? How do you explain all those IEO scams where genuine investigation and deep research showed all kinds of good things like solid legislation,,, 100% compliancy with all regulations,,, real people real offices.

But after the token sale,,, then CEOs dump and buy lambos and million-dollar houses. And get away with it.

Good one, its exactly the way i am seeing things with projects that are providing real use cases this days, they are more dangerous than scam projects, they deliver what investors want from projects because they believe that many funds will be generated this way

[Coroline]

everyone already knows about the number of scam projects, so if you are currently involved in a scam project, it might be due to not being careful in choosing the project. maybe I should say it would be better if the project that was holding the campaign had strict rules to find out which projects were really real or scam

[Mpamaegbu]

To add to that, we decide too soon without making a proper research. A quick search could change our mind about the project.
Another reason that's highly applicable with me is we trust something blindly. Putting all your money is a single project however legit it may seem is always a bad idea. Don't put more than 10% of your funds in a single altcoin.

Even researching may not prevent you from getting scammed, no matter how hard you look. I bought some promising altcoins with solid teams a few years ago and today those coins are almost worthless. It was a solid investment as at the time I bought in and everyone knew the coins were solid. These things happen and I don't think we can totally prevent them. As of the OP's number one - Greed, I totally agree with that.

[103deltafox]

You are absolutely right, most times it's actually greed that leads to scam, when some greedy investors see large reward as bonus they don't hesitate investing instead of them to carry out their personal research to know if the project is worth investing at the end they blame others for their carelessness

[lue wang]

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 can't trust on others person experience who lost his investment in scam project. I'm gathering my knowledge about project. I don't know that I'm greedy or not greedy, because i hold my all of tokens until altcoins session's come.

[huige007]

They got scam easily because they have not been scammed before, but if they got scam once, they will learn from this experience and if it is a huge amount, they will see to it that all the projects that they are going to invest are all screened,
people tend to be more careful after they have been scammed even once.

but the fact is even they got scammed once, they are still able to get scammed twice
dont you realize that this scam scheme is continously? it means investors can get scammed more than one times
i personally agree that greed is the most reason why people got scammed

Because most of us cannot control our greed by encountering one incident. We always want to try our luck one more time and there is actually no last time. When the rewards are bigger than our expectations and the efforts required are a way too less than what we are willing to, it is easy to fall for such tricks. People need to understand this fact that there are no shortcuts to get big rewards.

[Ananya Bushra]

Scammers are very clever and have great knowing of the crypto field and market but onthe other hand the people get scammed becsuse of lack of enough knowledge with them

[OasisDre]

I don't know about other, i spent hours doing research on a single project, i always take my time checking and gathering information on the internet just to make sure i am not entering the lion's den

[Denongels]

I have an opinion that they are affected by scams because they have never joined a crowdfunding project before and yes they are tempted by the bonus tokens offered even though they are junk tokens, the promotion factor carried out by the scam project is also influential because now the promotion method is quite great but it should be from some cases that occur 1-2 years this new investors should be able to learn from the current scam pattern.

[Samayuki]

To say the truth its hard to evade scam projects 100%, that's is why we shouldn't put all our eggs in a single basket, diversification is good to avoid big loss

[ije07]

people are easily fooled because they have limited knowledge about the internet, especially about cryptoqurrency, and the second reason is none other than someone who is careless or lazy to seek positive information before making any decision in this cryptoqurrency space. yes, maybe these two factors are one of the reasons why people are easily fooled.

[Xcode7]

I have an opinion that they are affected by scams because they have never joined a crowdfunding project before and yes they are tempted by the bonus tokens offered even though they are junk tokens, the promotion factor carried out by the scam project is also influential because now the promotion method is quite great but it should be from some cases that occur 1-2 years this new investors should be able to learn from the current scam pattern.

I feel that those who commit acts of fraud in accordance with what you describe, their greed and instant success make them even more tempted to commit fraud. Plus the number of people involved and promising something big makes them tempted. Maybe that's what I think

[pgbit]

You forgot to mention one of the most dangerous.. FOMO.
People tend to jump into any investment opportunity when it is hyped beyond the normal, even people who you know as experienced in the space starts investing in Ponzi scams just because it has been shilled aggressively online and many of them are now thinking they would be missing a lot of profit if they don't join the bandwagon, you might have the whole knowledge in the world, be the most experienced but if you don't control this particular urge, you would still fall victim.to scams.

[qtronix]

I believe that the most important thing is the lack of knowledge. This is what allows people to be deceived. The only way to avoid being caught by scammers is to constantly develop and continue to learn.

[Ananya Bushra]

Scammer have 1001 way to scam their victim, but its good if someone getting scam, because they can learn and more becarefull next time! just bookmark any important website like wallet or other financial website