Scammers, the biggest crypto problem

[10c]

Scammers are the only problem at this point in time which needs to be eradicated. Otherwise this will crush the cryptos. Regulators are struggling on that aspect only. Is there any easy solution for this issue?

the easiest way is to be as attentive as possible and if you are already an expert in cryptocurrency, then teach other people how to become as vigilant and not fall for the tricks of scammers

[forexandcryptoauditor]

Due to increasing scam projects, investor are loosing their confidence on new projects and due to which projects even which are genuine, are failing. This in turn taking the mindset of investors and market in negative direction.
We need strong regulations to avoid scams and to increase the confidence of investors so that new projects can come and grow. We can say research in crypto is kind of  getting affected due to scams

[J1mb0]

In fact, in life in general and in the cryptocurrency market in particular, scammers will never disappear. So the best thing we can do is be careful with all our own transactions and investments.

[ardentvolcanoes]

Due to increasing scam projects, investor are loosing their confidence on new projects and due to which projects even which are genuine, are failing. This in turn taking the mindset of investors and market in negative direction.
We need strong regulations to avoid scams and to increase the confidence of investors so that new projects can come and grow. We can say research in crypto is kind of  getting affected due to scams

Not even you did your full research but the potential of getting into scam project still possible. We do have lots of sentiments regarding to this concern but still it's exist and being more developed. Scammers are hiding around by showing realistic and attractive offers, You'll soon realized that you are being victimized when the turned around of the project failed.
You realize that scammers get into you even you responsibly done with doing good research, regulations which been created to help removing the possibilities of scammed projects to continue to exist around this market is needed it should be fully equipped by government rulings.

[gabbie2010]

Sure, scammers are a problem in the crypto world, but that is even greater because people in the crypto world don't learn how scammers work so they can avoid scammers, the most thought is how to get money quickly without thinking too that can lose quickly because scammers who keep waiting for the time to be able to cheat.

Even in real life there are lots of scammers, but we cannot control them as they wanted to have an easy money, they don't want to earn in a good day, so the very thing that we need to do right now is to be extra careful, we should not trust in cryptoworld, always give a benefit of the doubt, even he/she is your friend.

Scams are out there, be vigilant and always research with the project/person we are dealing with.

scammers are painting cryptos world in a bad light non regulation of cryptos has become a gateway for them to has free access to defrauds investors, traders and even exchanges however to control them we have to take extra care and ensured a well secure wallet and firewall avoid phishing links, unsolicited emails etc exchanges should spend more funds to protect their security system etc.  

[TelolettOm]

This problem has not been able to be solved in cryptocurrency because there are too many modes and methods used by scammers to be able to get money by means of business or fake projects so that they will continue to exist until indeed supervision of cryptocurrency must be done

[kravas86]

You're a little wrong. I believe that the main problem of cryptocurrency is the lack of state support and the lack of regulators. We all see bakkt inefficiency to date. Scammers are a natural selection and teach the community to avoid fake projects. Now fewer people are becoming victims of fraud and it pleases. They will soon disappear. But regulators continue their opposition.

[Colt81]

Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

I agree. It is one of the main reasons why governments in other countries don't trust cryptocurrency because it has a lot of scammers that other people think that crypto is just a scam and it is not profitable, which is not true. Cryptocurrencies are very profitable the only hindrance is that there a lot of fraud and scams, that is why people are afraid to buy cryptocurrency.

[Best Dreams]

It is true that scammers are one of the main problem in crypto, I guess it comes along with one of the characteristic of crypto which is anonimity which makes it ideal for people to scam other people since they can remain anonymous. I believe this can be lessen if people especially those who are new in crypto will have basic knowledge on how most people get scammed and how to secure their money in crypto.

People should learn well before getting in crypto because people wants to cheat only those who are not aware of market ups and downs also those who are new and get trapped easily. Knowledge matters  allot in trading for crypto. If you will know the tricks of the scammers you will be able to help yourself avoiding lose.

[Pinkris128]

Just like i used to include in my points that scammers is the main problem crypto is facing presently i come across this news on the internet today about how scammers keep on contrarily influence the digital currencies. As indicated by Changpeng Zhao, the CEO and originator of Binance, there are in excess of 1,500 Binance con artists on the expert informal community LinkedIn. The quantity of Binance scammers on LinkedIn can in the end arrive at 1,605. Now imagine how big scammers are damaging crypto

Full news here
https://usethebitcoin.com/beware-of-crypto-scammers-1500-scammers-impersonate-binance-on-linkedin/

Reputation wreckers like those are the downfall of this industry but I also believe that it can still heal in time. Public news especially in televisions picked up this kind of information in the worst way, making the whole industry to be blame why the incidents happened. I know some in real life that don't even know the difference between cryptocurrency and bitcoin. Yet, when he hear the local news about it how someone was arrested because of online scam, he had the audacity to generalize the whole industry of crypto as a ponzi scheme.

[Naughty Princess]

Scammers are the only problem at this point in time which needs to be eradicated. Otherwise this will crush the cryptos. Regulators are struggling on that aspect only. Is there any easy solution for this issue?

the easiest way is to be as attentive as possible and if you are already an expert in cryptocurrency, then teach other people how to become as vigilant and not fall for the tricks of scammers

I agree. Be vigilant and be aware of every scams for not to fall for it. Scammers are everywhere because there are many that are getting their bait without any idea how come that happen. People have to be more knowledgeable than those scammer. To stop them is to stop get into them.

[kawetsriyanto]

what we can say about scammers is that they will never end as long as there are still many projects or terms to scam. Scammers in crypto world are likely the challenge for us to determine how good our analysis before investment. it is actually very difficult to avoid scammers, but it can be as long as we are m0re careful and not hurry up in a decision.

[ImSuparmin]

Yes, this is the biggest problem with crypto, which must have a solution as quickly as possible, even though it is very difficult to overcome it, because this is already detrimental to everyone. have to think hard to solve this big problem.

[ImSuparmin]

Scammers are the only problem at this point in time which needs to be eradicated. Otherwise this will crush the cryptos. Regulators are struggling on that aspect only. Is there any easy solution for this issue?

the easiest way is to be as attentive as possible and if you are already an expert in cryptocurrency, then teach other people how to become as vigilant and not fall for the tricks of scammers

I agree. Be vigilant and be aware of every scams for not to fall for it. Scammers are everywhere because there are many that are getting their bait without any idea how come that happen. People have to be more knowledgeable than those scammer. To stop them is to stop get into them.

Indeed, we must be vigilant, but in a way that we avoid a scammer, while scammers and projects that are truly original are very similar and difficult to distinguish, this is really a trap scammer who is very irresponsible. please tell me how to distinguish between a scammer and a truly original project?

[hdtqisg]

Scammers! It's a problem for all systems, not just digital currencies. But Crypto is highly anonymous, so the possibility of Scam will be very huge, should be considered before deciding to invest or trade.

[Aldrinx00]

As long as there are greedy people scam will continue to exist, they will use the image of anyone that is popular like binance which will give them a greater chance to succeed on their evil motive. We cannot stop this we just need to be careful and avoid those type of scams, let's not be a victim.

[barnes13]

Scammers! It's a problem for all systems, not just digital currencies. But Crypto is highly anonymous, so the possibility of Scam will be very huge, should be considered before deciding to invest or trade.

Absolutely true!! Therefore, now many projects are running their projects openly. I mean, most blockchain startups start by introducing their team members and individual background experiences. I think the way they do it can affect the attractiveness of investors so that they do not hesitate to invest their funds in companies with clear origins. However, besides this, there are still projects that choose to remain anonymous in carrying out the project, honestly I am less interested in this kind of project because it is difficult to see the track record and also their seriousness in building the project.

[ajeef]

Scammers are the only problem at this point in time which needs to be eradicated. Otherwise this will crush the cryptos. Regulators are struggling on that aspect only. Is there any easy solution for this issue?

Scammers cannot be prevented to scam people, it's not only in crypto, everything that has in the internet there must be a scammer.
So, all we have to do is just prevent ourself to being scammed by do more research before doing a transaction with anyone

[reality18]

Scammers have been the major bane of cryptocurrency. These scammers have tarnished the image of cryptocurrency as they lure and tap into the funds of investors. Hackers play equal role as he scammers and this has put some fear in some investors not to join crypto. Regulations that will run checks on projects will help reduce the occurrence of scam in crypto.

[d3nz]

That's the biggest problem and cannot be stopped. Everyday a new people have been scammed using a cryptocurrency and this all happening all over the world. It is because of lack of knowledge on how does bitcoin and trading really works and a lot of HYIP programs are popping-up and some people are joining this kind of scheme.

Hopefully people will understand that it is not easy to get rich by joining this kind of scheme and not to trust anyone in exchange of their hard earned money.