Why lots of people got scam easily

[Free1bitco.in]

Trusting too quick and too much is the main reason many lose their fund in cryptocurrency, immediately they notice a new project as been launched and few days after launching the project is still doing well on any exchange, they will rush to invest in the project, which may not later end up how they thinks.

excessive trust in new things is wrong, especially for investors. many hope to get large profits in a short time. Well, so many people have been fooled by the HYIP system, even today. due to a lack of information, and a lack of research, it is easy for investors to make mistakes in investments.

[rodskee]

Trusting too quick and too much is the main reason many lose their fund in cryptocurrency, immediately they notice a new project as been launched and few days after launching the project is still doing well on any exchange, they will rush to invest in the project, which may not later end up how they thinks.

excessive trust in new things is wrong, especially for investors. many hope to get large profits in a short time. Well, so many people have been fooled by the HYIP system, even today. due to a lack of information, and a lack of research, it is easy for investors to make mistakes in investments.

Greediness once play around causes big trouble, many uncareful traders fall to many PONZI / HYIP business.
Thinking that being the first to invest generates high rewards.
Only to find out that they've been fooled by the owner the sooner that they've start to putting their money
inside the business.


Trust only those businesses where you already done doing much deeper research. You need to manage your investment, after all,
it's your hard-earned money that's at stake.

[chichidori]

Mostly Greed that makes a human commit financial mistakes, not knowing about the project can easily be resolve by reading and researching but even doing it so some folks got scam, why? because of its developer, every project can turn into scam even the greatest one of them, many still believe that crypto can get you rich in an instant while that's somewhat true many of the wrongdoers take advantage of it.

[posporo]

I agree that the main reason why people got scam easily are greediness, less knowledge about the projects and easily trust in a project lies. Some of the people who got scam are thinking like i'll take this small risk for a big profit comeback maybe the amount that this people risking is little but still it got scam for it. There are also people are giving everything they've got for greediness of big profit but gets nothing which is worse. So it would be best to take learning for every new projects that will come out and analyze it carefully to avoid big loss of money.

[dragon695]

Trusting too quick and too much is the main reason many lose their fund in cryptocurrency, immediately they notice a new project as been launched and few days after launching the project is still doing well on any exchange, they will rush to invest in the project, which may not later end up how they thinks.

excessive trust in new things is wrong, especially for investors. many hope to get large profits in a short time. Well, so many people have been fooled by the HYIP system, even today. due to a lack of information, and a lack of research, it is easy for investors to make mistakes in investments.

True! The reason why a lot of people easily get scammed because they expect to earn a large amount of money in a short period of time without knowing anything about this market! When you jump into a market and don't have a fundamental understanding of it, you'll be a worm in the ocean for whales. Furthermore, a lot of people want to earn profits without dedicating their works. The easier in the way you make money, the more risks you have to face!

[drumamat]

Greedyness is what kills faster. We need to realize that scanners don't just scam its either they cut of 80% of the normal price and ask you to pay the 20%. In fact any price is good for them.. And because of our greedy attitude we sent cash to buy a lot and get scammed. Don't be too greedy.....

   Greediness is one of the reasons why people got scam so easily. People wish to make profit, and in that
wish they don't see the warning signs. This is the number one reason, but one other reason is also present,
people don't know what they are looking at, they are not educated enough to spot the scam and move away
from that. Education is very important when you are dealing with worthy assets and money itself, without it
you will just get scammed on the first corner.

People always have a choice and time to get acquainted with the project. Personally, before investing, I always spend some time studying the project and the behavior of the team. If in the telegram group I ask direct questions and they do not give me an answer, it is a clear sign that I will not invest my funds in this project.

[Iyanu14]

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.

The point is that, for those that are destined to be scammed, there is no amount of precautionary measures you give or recommend to them, they will definitely got scammed.  I remember three of us have once told a friend of us that the project he wants to invest in is a big scam, very visible even to the blind.  Unfortunately, he went behind us and invest. At the end of the day he lost all his money.

[reliable]

Trusting too quick and too much is the main reason many lose their fund in cryptocurrency, immediately they notice a new project as been launched and few days after launching the project is still doing well on any exchange, they will rush to invest in the project, which may not later end up how they thinks.

excessive trust in new things is wrong, especially for investors. many hope to get large profits in a short time. Well, so many people have been fooled by the HYIP system, even today. due to a lack of information, and a lack of research, it is easy for investors to make mistakes in investments.

True! The reason why a lot of people easily get scammed because they expect to earn a large amount of money in a short period of time without knowing anything about this market! When you jump into a market and don't have a fundamental understanding of it, you'll be a worm in the ocean for whales. Furthermore, a lot of people want to earn profits without dedicating their works. The easier in the way you make money, the more risks you have to face!

People easily get carried away with the high percentage in less time as the returns on investment when they see it and consider it as a good project or good coin without either not doing proper research or based on someone else recommendation they jump into such situation without they being fully aware about themselves. Thus, if one can avoid such situation they would avoid many scams.

[mithun303]

This crypto market is a good as it is bad, Those who know about  this market.Have an idea of what will happen next, They are successful. But there are many people who have come to crypto market and stuck in scandals. If you invest as a person, you will get so much money, but you don't have any knowledge or intellect. All the people are stuck in scandals not only in the crypto market but everywhere.

[rexxarofmoknathal]

Trusting too quick and too much is the main reason many lose their fund in cryptocurrency, immediately they notice a new project as been launched and few days after launching the project is still doing well on any exchange, they will rush to invest in the project, which may not later end up how they thinks.

excessive trust in new things is wrong, especially for investors. many hope to get large profits in a short time. Well, so many people have been fooled by the HYIP system, even today. due to a lack of information, and a lack of research, it is easy for investors to make mistakes in investments.

True! The reason why a lot of people easily get scammed because they expect to earn a large amount of money in a short period of time without knowing anything about this market! When you jump into a market and don't have a fundamental understanding of it, you'll be a worm in the ocean for whales. Furthermore, a lot of people want to earn profits without dedicating their works. The easier in the way you make money, the more risks you have to face!

Being able to get scammed can only be effective against the very greedy. This is why when people see something that gives them unbelievable return potential they go for it without thinking and in the end they get burnt.

It is tempting don't get me wrong but when large amounts can be made in a way that's too good/fast to be true should at least become suspicious. Sometimes this 'lure in' effect might not be obvious but then who's at fault for entrusting others with their own money 

[JasmineRose]

That the 3 point of your is right.
The second point is really problem we have here in cryptocurrency project, Investor many time don't see what that projects is scam or no.
They just look for huge peofit when they buy on ICO, but that is the problem.
Dear investor, please do research first before start join in ICO.

[Helpme_please]

totally agree on point number 2, most people scammed cause they have no enough skill to analize which project qualified and which project have potency to scamming us.if we have good knowledge in crypto , even that just basic kowledge it will  help us alot . so it is why we must dilligent research and analizing project in market.

[aditasetia123]

totally agree on point number 2, most people scammed cause they have no enough skill to analize which project qualified and which project have potency to scamming us.if we have good knowledge in crypto , even that just basic kowledge it will  help us alot . so it is why we must dilligent research and analizing project in market.

they feel lazy to read and review project plan that filled on whitepaper. in this document we will see how they will create product or MVP to investors and market. and also when we read whitepaper we will know is it copy or plagiarsm from another project or not. so we can identify earlier to avoid big loss from fake project.

[Greatchu]

The truth is IEO is less scamy this days because every investors now understands why IEO is different from ICO where nothing stands in between investors and the project , with IEO all you need is to follow up any top exchanges like Kucoin, Okex, huobi, binance, gate and few others

[JeotQ]

Newbies most especially are in haste to make money, they only get relaxed when they lose money, crypto space is for those who wants to learn, learning should come first before earning but that's what many don't want to understand, not until they lose

[havoc928]

Newbies most especially are in haste to make money, they only get relaxed when they lose money, crypto space is for those who wants to learn, learning should come first before earning but that's what many don't want to understand, not until they lose

True! The reason why a lot of people get scammed because they are too greedy to invest. They don't have fundamental knowledge about the market. Therefore, they are more likely to get in some offers that seem too good to be true! The important thing about trading is that you have to use your knowledge combined with other skills and techniques!

[Tahid12]

Agreed. But i think It's probably lack of knowledge makes them got scam easily than others reason you mention. Most of newbie traders dont have proper idea what they investment for, they do invest when Fomo. So Knowledge is most important thing before final any decision

[josgandosbro]

cases like this will mostly be experienced by newbies or people who are new to crypto, why? because many of them do not have a guide and only assume if the crypto is a place to multiply money quickly and do not think about the risks that will be experienced. (lack of knowledge)

[StephenJH]

Agreed. But i think It's probably lack of knowledge makes them got scam easily than others reason you mention. Most of newbie traders dont have proper idea what they investment for, they do invest when Fomo. So Knowledge is most important thing before final any decision

In my humble estimation to have money is not enough to make a profit from an investment, l think you need to have knowledge about this world. As you above mentioned lots of people who got scam easily cause of lack of knowledge. They want to get a quick profit and without making any effort, but it is impossible. l think without knowledge none can do anything in this world, knowledge, and experience are important parts of the crypto-world.

[SlimShadyMmp]

Basically thats all the reason we People get scammed in all areas of life The solution is to find a walk around to it Maybe stay active learn what or who to trust and then be sure to be involved in crypto well enough before investing There is no more magically money or 200X in crypto anymore and I think if people can understand that It will help them along the way very well