Why lots of people got scam easily

[qomariah95]

From my personal point of view, sometimes people who have experienced deception in crypto really don't know much about the project they are investing. Like just seeing from the benefits, without seeing the project as a whole. So that this is what makes trapped in a bad investment in the project.

[qomariah95]

From my personal point of view, sometimes people who have experienced deception in crypto really don't know much about the project they are investing. Like just seeing from the benefits, without seeing the project as a whole. So that this is what makes trapped in a bad investment in the project.

It is a faux pas that lies in someone who has no experience in crypto, so he can be easily deceived by scammers who make projects, so it's different from people who are experienced enough in crypto, he will always analyze before making investments in the project.

Unfortunately not many people do that (analysis). Many people who are deceived only think of the benefits (estimates) provided by the project. So they only focus on that and that. I don't blame them, that's their choice. But it is unfortunate if continue to be fooled and deceived in the crypto project.

[BigBos]

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 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 lack knowledge. They want to get a quick profit and without making any effort, but it is impossible.

knowledge is indeed a very important weapon to overcome scammers. to be honest, I also feel that people who are prone to scams are those who don't learn what they will invest. some people only see the benefits, but not with its function

[LazerPanther]

Because they are newbie to this market, they don't have too much experience with it and they are too greedy. They need to know that nothing is free and make a profit in a short time. Those are lies from bullshit projects

[layoutph]

Few years ago when Bitcoin is about to bullrun at $19k, I always based my trading in shills. Twitter is my trading signal, I do not had a proper research about the coin I am investing. I do not had any fear that time because even shit coins were going up.

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.

[olamidey]

Your points are not valid for every trader because greed, lack of knowledge and trust are not a problem for a expert or pro trader, only newbie are vulnerable to these factors.

All your points are correct but they can but we can't really blame a newbie.

First, the crypto market is filled with scam, that is why we cannot really blame an investor for falling victim. As we are looking for ways to avoid being scammed, scammers are looking for newer methods of scamming. One essential step every one should take is , don't give in to hype and juicy advertisements.

[ElmedoRator]

Because they are newbie to this market, they don't have too much experience with it and they are too greedy. They need to know that nothing is free and make a profit in a short time. Those are lies from bullshit projects

Lack of knowledge in this market will make newbie easily stuck in scam projects. They should be aware that there are many scammer in this market and there is no project that brings big profit in the short term.

[ScamViruS]

I will take number 1 and number 3 as the main reasons. Greed always puts people in danger. Even in crypto, many people lose their money due to greed. Everyone has a common goal is to get rich quick. And to get rich quick, people invest without checking anything. The results are come out very bad. It is very risky to trust something easily. This is not just the case with the crypto market, everyone should know about it well before believing anything.

[Dewi89]

Without considering these 3 factors, then someone will walk in regret because they have no risk limit if an indication of a loss has arisen. In 2017 many investors were saved because of the bullish madness but not for now, without investment analysis it's bullsh*t.

[kesmex]

the really terrible thing for me is about bitconnect which ended up being a scam,
it was one of my worst experiences, hopefully there will be no more of this happening.

[antonytar81]

I will take number 1 and number 3 as the main reasons. Greed always puts people in danger. Even in crypto, many people lose their money due to greed. Everyone has a common goal is to get rich quick. And to get rich quick, people invest without checking anything. The results are come out very bad. It is very risky to trust something easily. This is not just the case with the crypto market, everyone should know about it well before believing anything.

What say...I got caught in a Scam and lost my investment. Even though I have been choosing and making an assessment for a long time, unfortunately, the situation on the market and in the world is different now. People often don't want to do business, they want fast money. Even the largest and most decent company can change beyond recognition in one day. And I feel bad about the injustice and impunity of those who steal our money.

[BigBos]

I will take number 1 and number 3 as the main reasons. Greed always puts people in danger. Even in crypto, many people lose their money due to greed. Everyone has a common goal is to get rich quick. And to get rich quick, people invest without checking anything. The results are come out very bad. It is very risky to trust something easily. This is not just the case with the crypto market, everyone should know about it well before believing anything.

Well, they might think that it's easy to get rich through the internet. only by investing in HYIPs that promise 300% profit in just a few weeks. Well, if it wasn't for greed, wanting to get rich quickly, and impatience, I think they would find it hard to invest in a scam.

[gaston castano]

lack of knowledge about crypto and direct entry without doing research or searching for projects to be bought or coins that are already on the market.
just hearing news from others without considering it first, that's what makes a lot of people trapped.
seeing others get results without thinking about joining in and not understanding the risks involved.

[suryana]

Greediness is one of key in which newbie and also some experienced people fall in trap. One should do the research before investing in any project and should not just blindly invest based on some one else recommendation. Beacuse they may recommended for their benefits and you may fall in the trap .

Especially if someone who spreading their referral link to invite people then it's very much just a scam. Currently the Scammer trap indeed very clean, so it is difficult to distinguish whether it's a scam or not. Not only Newbie, those who already pro also can get their traps.

[mezzaluna]

All three reasons are valid because the fact that they still get scammed with obviously a lot signs that it is a scam is a problem if you are blinded by greed. Greed is always present whenever you want something for yourself but some people need to be mindful that if we are not careful, we can lose more than what we are suppose to gain. We will lose our trust in ourselves and trust in other possible good projects that are yet to come. So being knowledgeable about some projects are never useless because it is for our own benefit.

[Bezobraznike]

All three reasons are valid because the fact that they still get scammed with obviously a lot signs that it is a scam is a problem if you are blinded by greed. Greed is always present whenever you want something for yourself but some people need to be mindful that if we are not careful, we can lose more than what we are suppose to gain. We will lose our trust in ourselves and trust in other possible good projects that are yet to come. So being knowledgeable about some projects are never useless because it is for our own benefit.

   I think the main problem is a bad research or no research at all. People can be greedy, but with good research they can
find a project that fits their goals, but people who just join new project without thinking are the ones who are being scammed
most easily.
   We all make mistakes, but its stupid to make the same mistakes all the time.

[andra73]

Especially if someone who spreading their referral link to invite people then it's very much just a scam. Currently the Scammer trap indeed very clean, so it is difficult to distinguish whether it's a scam or not. Not only Newbie, those who already pro also can get their traps.

You are right. now a scam project might work very neatly. a lot of events and it looks like they are really serious about making an event. even people who have been deceived sometimes too long especially for someone new.

[Btc_1856]

Greediness is one of key in which newbie and also some experienced people fall in trap. One should do the research before investing in any project and should not just blindly invest based on some one else recommendation. Beacuse they may recommended for their benefits and you may fall in the trap .

Especially if someone who spreading their referral link to invite people then it's very much just a scam. Currently the Scammer trap indeed very clean, so it is difficult to distinguish whether it's a scam or not. Not only Newbie, those who already pro also can get their traps.

It is impossible to identify the good project because every project during their crowdsales seems to be very impressive where a large number of people will start promoting it, even the company profile seems to be very unique and the team members seem to be unique after fundraising only we can understand the real behaviour from the team members.

[Fredomago]

It is impossible to identify the good project because every project during their crowdsales seems to be very impressive where a large number of people will start promoting it, even the company profile seems to be very unique and the team members seem to be unique after fundraising only we can understand the real behaviour from the team members.

It is true. many new projects look scam when their sales are complete. some have even launched their platforms and then they have disappeared carrying off the money of investors and traders interested in their projects. This makes many investors sometimes get stuck in the same situation repeatedly.

After the sale period and the distributions of tokens those developers behind will disappear without backing up the projects after being listed, this kind of scammers are very hard to identify since they are looking good while in the process, they'll able to enlist the coin from exchange sites to the point that they'll allocate funds for big exchanges, but the sad truth will appear finding out that the team will abandoned the project and leave bringing investors money.

[iTradeChips]

I would like to add the word Gullibility. Unfortunately many people in the upper lower and lower middle class and also some in the middle class, around the world, tend to find ways to make more money. They know words like diversify, putting your eggs in different baskets and setting up businesses. But in their quest to get more money they encounter many "too good to be true" scams, double your money, invest with us and you'll make quadruple. I mean it's sad hearing news of people getting scammed. I even heard of a 65 year old man scammed and robber got away with 4 million Philippine pesos. That is a lot and being an old man makes me even sad more.