Why lots of people got scam easily

[Jonyshake71]

being greedy is the primary reason as people want to being rich over night.they investment their fund on any crypto with having zero knowledge. They fail but they wouldn't mind.they keep trying again and again stuck in the same hole continuously. cause they think this process could help to make their dream come true.fruads knows this very well & so they continuously dig a new hole for us again & again

[Twinkledoe]

being greedy is the primary reason as people want to being rich over night.they investment their fund on any crypto with having zero knowledge. They fail but they wouldn't mind.they keep trying again and again stuck in the same hole continuously. cause they think this process could help to make their dream come true.fruads knows this very well & so they continuously dig a new hole for us again & again

Greed is human nature. And most of the time they are overwhelmed by greed for the thought that they can get rich quick. And this behaviour is taken advantage by scammers. So what they do is create fake projects, phishing websites, ponzi scheme and so on, where these people are being attracted to. But unfortunately, instead of earning good money they are being screwed by these scammers. And usually, it is already too late when they realized that they are being duped. That's when they start learning their lessons.

[Traderbtcc]

I agree with every single thing you listed up there, the main aim of every crypto investor is to make profit from whatever project they invest in, but most investors are just too greedy and want to make more profits without considering the the risk involved, they will just go on to invest all their capital into the project , then eventually they will forget to make proper research to know more about the project they are investing on, since they just feel too lazy to read whitepapers every time, so they normally invest in any project they feel is right, and they end up trusting the projects blindly without verifying the team behind it, that's how they end up getting scammed, because lately scammers have been using faces of reputable people to scam crypto investors.

[Alohadanc3]

This market is full of scammers. The amount of scammers are growing every day. And most the scams target newcomers of the crypto space. Cause most of the new comers don't have enough knowledge. And most of them don't want to. They think this market is full of profit. So they don't gain any knowledge before investing. That's why most of the cases they end up being in lose or in scams. Knowledge ism the best nly way out from scam projects. That's it.

[bitzizzix]

Greed is a big problem that is prone to fraud, sometimes even great people are deceived because con artists will be smarter and have a strategy to seduce people convincingly with very profitable rewards.
the important thing is not to believe it too easily and try to provide clear questions or information when we read the rules and requirements or whatever and find the best information in any way.
Fraud happens anywhere and anytime and be careful not to believe it so much that our money will fall into the right and profitable place.

[Mehedi72]

I think lots of peoples don't overlook any project.
Most of people only see ""Fake volume,some fake people who talking  about project, read some articles written by those scammer "" and trust that project easily. Afterward get scammed by those scammers

The top exchange has a lot of low fake volume instead of a bad exchange volume. The top exchange listed coins were also delisted from the exchange. Some projects also become inactive after the success of IEO. We are all doing our best to research but even though we got scammed. I would suggest that top coins are the right choice but for other coins, price dump.

Adjuctly. most of top coins are always best choice for investment, no matter short time hold or long time. but the fact is those coins won't going to pump 2x to 3x, when new coins can easily cross ico price & could give investors 2x or 3x profit.unfortunately choosing wrong project, makes investor Unprofitable. It's the point why people get scammed

[ZEIIMAN]

At the moment, there are a lot of projects with an unknown team, a hidden github, and so on. I would recommend that you are going to invest, then choose projects from America, where investors are at least protected. Not 100 percent, but complete shit is unlikely to hit the market. So take a closer look, stop feeding Asians)

[abel1337]

I think lots of peoples don't overlook any project.
Most of people only see ""Fake volume,some fake people who talking  about project, read some articles written by those scammer "" and trust that project easily. Afterward get scammed by those scammers

The top exchange has a lot of low fake volume instead of a bad exchange volume. The top exchange listed coins were also delisted from the exchange. Some projects also become inactive after the success of IEO. We are all doing our best to research but even though we got scammed. I would suggest that top coins are the right choice but for other coins, price dump.

Adjuctly. most of top coins are always best choice for investment, no matter short time hold or long time. but the fact is those coins won't going to pump 2x to 3x, when new coins can easily cross ico price & could give investors 2x or 3x profit.unfortunately choosing wrong project, makes investor Unprofitable. It's the point why people get scammed

Ofcourse, established coins are the go to if you are finding a reliable investment, People love high risk - high return investments that's why defi projects become a trend today, There's a lot of fake projects today and it's obviously a wrong project but people still invest and trade in it hoping that they could get a nice profit from it.  This is why the greediness and the unawareness of the people is the main problem, They won't be scammed if they have good knowledge and not greedy with the investment they are doing.

[harapan]

Very good analysis mate, because I have seen it all since I was in crypto. Big money / profits can make everyone go blind which can lead to losing a lot of money

[Fivestar4everMVP]

You put every cause in order, greed is the major reason most people fall prey to scammers and their scam project, some people even after seeing the red flags still go ahead to invest their hard earned money, and it so unfortunate cus this same people are still the ones that will come back shouting scam scam.

I advice everyone reading to ways try to do a proper and comprehensive research on any project you want to invest in, research the team behind the project, if the team is anonymous, that's a major red flag and a thing to be cautious about, please be very careful investing in projects with anonymous team cus this type of projects are the ones that always end up as scam.

[luckyflop]

Mostly they get trapped because they want to get rich in one single night, it has happened to me, to trust some unknown project and send the money hope for the best, profit comes with risk, the more profit comes with bigger risk, It was a tough lesson for me, but I learned a lesson to don't invest in an unknown project again, to don't invest in any project with empty Github.

[lienfaye]

Very good analysis mate, because I have seen it all since I was in crypto. Big money / profits can make everyone go blind which can lead to losing a lot of money

Earning huge in a short period is often the reason why investors bite those too good to be true offer. This is not new to us but newbies are usually the victim of such scam, they thought there's an easy money here without exerting an effort.

The reason why scammers are not going away is because of greedy investors (who wants an easy money) even they are aware how risky it is to invest in such projects they still try hoping to earn huge from it.

[New_order]

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.

Everyone wants to make some money online, one must start from somewhere isn't it? Not everyone has a good teacher to put them through so they learn by themselves, we have to start from somewhere even if we will fail, those who failed or get scammed will learn their lessons and adjust in time, everyone has greed in them and most don't know how to control it, this will take time

[arbifahrozy]

Its true all 3 points is very true. I dont know why people have so much confident to investing on cryptocurrency. Im sure most of them didnot research project they participated and got mad when they got scammed. Investing is high risk so you need extra careful.

[Mr.sprin]

investors spend their capital so investors do not carelessly choose coins, they must monitor and follow project developments before they decide to invest. but nothing is perfect every action has its risks. losses and gains are common in investing.

[ChronoLite]

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

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

it's summarize why people including me are always scammed by these cheap projects, i am trying to analyze and do a research first before doing any investment from this time cuz i don't want to be regret in the future, i'm tired of that site. but no one knows what would happen in the future even though it looks really legit at the beginning

[laredo7mm]

Greed and lack of knowledge is the main factor here. Sometimes People blindly trust an individual or a group whom they follow and made their investment without thinking too much. When we are investing we should not invest all of our money in a single project. Split it and invest in multiple projects. That will divide the risks and reduce it to a minimum.

[jdnthny]

I think the main reason for this is people who get scammed tend to think that investing and entrusting their funds to a project or a person who is showing a very convincing testaments will change their life for a better without any researching and deep digging. They tend to trust easily to what they see instead of thinking vigilantly and wisely.

[fammy]

I agree that one main reason why people in this industry especially newbies tend to get fraud and scammed is because they dont have enough knowledge of what they are into as well as they tend to trust easily to all the fall and fake hope a project or a con artists promises to them.

[Davian144]

Very good analysis mate, because I have seen it all since I was in crypto. Big money / profits can make everyone go blind which can lead to losing a lot of money

Actually, all people who want money or big profits are not blind, it's just that the average of them are too hasty in making decisions and always want to get rich quick, so that it makes them lose money by losing the money they use in crypto because of their desire. it is used by scammers in crypto.