Scammers, the biggest crypto problem

[TheICE007]

Scanners are everywhere, in all works of life, not just in the cryptocurrency ecosystem, you see them where ever there is money, and they like to reap from people's effort. They can't be stopped, even if you arrest any, some more will spring up, all we can do in the cryptocurrency space is to safe guard  our assets, be careful of links we click on, keep our secret keys safe, use Google Authenticator for our exchange account.

[Savemore]

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/

It is inevitable, scammers are really exist in cryptocurrency market and also in financial market. People are so greedy in terms of money and that why they are creating scam project for their own sake.

[Oneandpure]

Scammer are every where and every ICO or IEO and investment project they will be there, last year scammer only with investing project like using ponzi scheme and now the scammer have be part of altcoin and cryptocurrency, they make an ICO or IEO investment promote and interested with many investor but after success of investing their coin, scammer will run away and never listing their coin on the exchange market, we have faced with many scammer take our money.

[Free1bitco.in]

Scammers really affect the quality of crypto. it makes quite a lot of FUD in the real world. from year to year, it is always there, it can even be said that ICO almost disappeared because it has become one of the nests of scammers. because of this, we need to be careful, moreover, all activities on the internet are mostly anonymous.

[Kvalentine]

There is nothing to do about scammers in crypto space, its better to prevent ourselves from getting scam, that's the only  solution for now because i am not sure that regulations will sweep out scammers, might work to an extent but won't eradicate scammers

[trauchot]

Quite right, the biggest problem in the cryptocurrency sphere is scam, because most companies create their projects in order to raise money and disappear with money and there are too many such companies and it is very difficult to deal with them, also investors and the entire cryptocurrency market suffer from this and of course, cryptocurrency also slows down in development because of this.

[Arsenyo]

Yes, scammers are everywhere in crypto and it is without any doubt the biggest problem. I've read that scammers and hackers made away with more the $2.3 billion in the past eight years. And there is we can do to stop it, unfortunately. We should be more careful, smart and attentive.

[tenakha]

Scammers really affect the quality of crypto. it makes quite a lot of FUD in the real world. from year to year, it is always there, it can even be said that ICO almost disappeared because it has become one of the nests of scammers. because of this, we need to be careful, moreover, all activities on the internet are mostly anonymous.

Even in real life there are bad things but that does not force us to die. Scammers and bad things in life are similar. Which means that the presence of scammers can not discourage us from crypto. If you are in crypto space for a long time, you are already used to. It will never be possible to counter it. There is a gap in every established system, and mankind beings always find it. Therefore if everyone can protect themselves, we will all be the strongest defenders against them.

[stephanirain]

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/

In every business sector, there are always this kind of people that will do everything in their power to deceive other people just for money. Scammers are the virus of the society. They are like cancer cells that couldn't just die. And since many of people here are anonymous, it is difficult to take them to law. There is also no single regulatory body in the crypto industry so many scammers have gotten away easily with the money.

[masterrex]

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 with your observation! crypto related scams are slowly damaging the whole crypto industry. Thats why it should come up a solution to fix these problems
that battering the whole cryptocurrency industry, I think regulation on all kinds of fundraising activities, like ICO's IEO's STO etc. is badly needed in order to minimize or maybe eliminate frauds and scam in the crypto industry.

[slaman29]

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.

Well, if there aren't people who just present themselves as easily duped, and people who don't fall for these scammers so easily, then there wouldn't be so many of them. Kind of like HYIPs. And ICOs. People kind of know these are scams but they want to get in first and make their quick bucks, and then they fall for the trap. When it doesn't turn out well, they whine about scams.

We all know better than that. But do we all do better?

[pundit]

Scammers really have destroyed cryptocurrency world. Due to decentralize in nature of cryptoc platform and new comers coming in, scammers are more active in crypto world as its easy for them to scam people here, its almost impossible to identify a scammer in decentralize platform. Due to these increased scams, investors have lost their faith in crypto projects and there is a low inflow of money. Due to less inflow most of the projects are not doing good and existing coins are losing price. Its very important to develop something in blockchain to keep these scammers away so that investor's faith can be regained.

[Godstrength]

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

We do have to accept the fact that we can never stop scammers and that there will always be scammers everywhere. I'm active across all social platforms and they are really on it, all. Scammers are what's destroying the image of crypto and are what's making the investors shy away from us, the worse generation where it happened was in the ICO space last 2017.

Though it was already minimal last 2018, there were still some ICO's that got a lot from their investors and are in a bad place right now which is Karatbars. Even their CEO admitted in the court that the tokens he issues has no utility and value. I admit that it's a bit difficult to spot on a scammer at its infant stage, especially when it's endorsed by top Media sites and personalities.

[Ranly123]

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/

Since people in cryptocurrency are anonymous, then scamming became rampant. Yes, this is the biggest threat on our investment especially on new coins. Hopefully this can be resolved.

[taiwww]

yes it is true that scmares are the biggest problem in the cryptoqurrency industry, scamers have damaged the image of projects or other negative things. especially in the past year and this year, scamers are increasingly rampant and always have room for negative actions in this industry including the latest events that you have conveyed.

When we are taking advantages of decentralization and non-regulation of cryptocurrencies, there has to be some negative aspects too. Nothing good comes without bad side too. So the non-regulation of ICO openly allow scammers to create whatever project they wanna to and they are easily able to scam people.rt

[3DBrushes]

Scammers are everywhere not only in crypto.
Some wants to scam you intentionally and some scams you in professional manner for example banks, government etc. You can't really run away from scammers anywhere in your lives.

[akungagal]

It is inevitable, scammers are really exist in cryptocurrency market and also in financial market. People are so greedy in terms of money and that why they are creating scam project for their own sake.

it's true, and it really can't be avoided or eliminated. if there are still many people who are greedy or greedy then it is very difficult to kill scammers. they will continue to exist and they will not stop if it still benefits them.

that's why we have to be smarter than scammers and always be careful in choosing projects so that the scam project will stop and i hope that scammers will also disappear.

[AliMan]

The underlying problems of crypto still erradicates so badly in so many ways particular with price growth. Many factors that leads crypto decline so fast because of wrong decisions and manipulation of the big whales. Those are the factors that affected the whole cryptocurrency market, and scammers were just one of the reason why cryptocurrency's outcome failed in the long run. Because of that, every  people hesitated to engage with crypto due to bad reputations.

[Zeke_23]

Scammers are always there, far and wide. Not only investors but also every individual consider them as a big trouble in every investment.
Even crypto community wasn't able to escape from them. They were treated as a big threat, and also as a result the honor of cryptocurrency is damaged. For this reason, investors become wary of investing in cryptocurrency, to escape from being a victim of those scammers.

[BeginToMine]

I totally agree with you, scammers are the number one problem here, because I remember when I joined crypto back then in 2016 I lost my capital to a single scammer those who have been scammed knows how it feels, I mean I wasn't only discouraged I was really frustrated, something has to be done immediately about this inhuman act.