How NOT To Get Scammed

[totoy4741]

These are relevant informations that can really be followed to avoid been scammed. To be scammed on the internet really cuses a lot of mixed feelings on oneself and it takes some fols like forever to come out of the loss

Yeah, specially by the newbies or for those who want to get into cryptocurrency. They are the ones who are prone to this kind of activity which the scammers exploit in order to get an easy from from hard earn money of others. I would say not to trust those who are initiating PM's, projects with high return of investments, ROI within just a short period of time. All we need is proper research and be inquistive since it we are the ones that are responsible for our actions.

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[terizla]

I want to request to add in your list. This is escrow
Don't forget to do escrow if you want to trade with other guys. It doesn't matter how much to trade, with escrow you can avoid fraud.

[TheClownSong]

I want to request to add in your list. This is escrow
Don't forget to do escrow if you want to trade with other guys. It doesn't matter how much to trade, with escrow you can avoid fraud.

Instead of peer to peer transactions, it's better to trade on exchangers and in my opinion this is a safe method if we want to invest. Escrow might be an alternative to peer to peer transactions but in my opinion it's still not safe because sometimes we don't know the escrow account holder

[jcarlo]

I think we need to add one more thing, which is the unprofessional idea.
For fraud projects, they often offer roadmaps and limited visibility. Their whitepaper only focuses on the price of tokens and big discounts and some limited information about the market. That is also a way to identify fraud.

Avoid projects that only talk about price, price, and price.
Avoid projects that only talking about pump, pump and pump, even if asked about the advantages of the project, the team responded as if he didn't understand the project he was working on. Shit Project

Agree, the developer team should not promise the price of the token will reach price X but rather focus on product development. The developer team should have no control over prices because the market will determine it and the market is a fair judge

[akram143]

Double your cryptos word is the most used word by scammers in crypto space so don't be dump enough to trust these words and invest there.

Yobit thinks still people are dump enough?

[Slingshot]

Best is not to go by what people say or demo from calls regarding project mooning. Do you research, follow the project from product to community and team, know if they are real or fake, when they have working products and they are actuallizing that's when you will know the project got future not ny fud .

[#Darren]

I remembered a very good lesson, never believe in huge profits that projects team is promising. Calculate everything on your own and if somebody is offering more than 5 percent per months, they are running a ponzi scheme.

[Firefoxx]

You are very accurate, greed, FOMO and hype has made some persons got scammed by projects , imagine having 50% interest instead of selling you are waiting for 200% profit when you are really not sure of the project and some are hype from paid groups to say good regarding the project which without good monitoring one join and buy. It's good you check before joining any project despite good said about it.

[Bonwin]

It's a grievous mistake, to use almost the same and sometimes very close password across different websites. If you feel you can easily forget the password used, why not get a note in which you can record all your passwords. Using different and complex characters can help protect your accounts.

[lienfaye]

It's a grievous mistake, to use almost the same and sometimes very close password across different websites. If you feel you can easily forget the password used, why not get a note in which you can record all your passwords. Using different and complex characters can help protect your accounts.

Indeed, having different passwords in our accounts are much safer. Its one of the simple way to prevent ourselves ending up in a worse situation like hacking. We should be careful always not clicking those links sent from our email because it might a trap to hack your account.

And keep in mind that in crypto there's no easy way to double your money so dont believe scammers word to make you rich quick.

[zhengqi]

Thank you for this information. This is a good guide to avoid fraud. The most important thing is critical thinking. You always need to question any words and not believe the promises, according to which you will be able to get a big profit. This doesn't happen.

[Visbay]

There are some factors like greed, hype, lavish promises that work for the incidents of investors and bounty hunters getting scammed. There are groups of scammers, who give sweet promises and talk big only to scam investors. I find your very useful and informative about avoiding scam projects and stay safe from getting scammed. Thank you for it. 

For sure people who want to scam with us will give us good promise that does not even exist so better not to listen to them only this way we can avoid scamming. Projects that we choose for investing money should be a famous one and people must feel safe to get involved otherwise they will scam us and we will later regret investing in fake sites.

[Omega Weapon]

There are some factors like greed, hype, lavish promises that work for the incidents of investors and bounty hunters getting scammed. There are groups of scammers, who give sweet promises and talk big only to scam investors. I find your very useful and informative about avoiding scam projects and stay safe from getting scammed. Thank you for it. 

Almost all of the investors are greedy but not all of them are smart, if you are smart and greedy at the same time, you might still be successful investing here, because you know how to play the game in your favor.

The problem with some investors are they are greedy and stupid at the same time, they just look at one side which is the reward and look away on the risk.
They don't understand the risk and reward in crypto, they think if they invest here, it will be like a money machine that will give instant return.

This is so true, it is as if those people cannot do anything else but to imagine that whatever they do will produce amazing results and they will get amazing profits with no effort, someone that is smart will know immediately that obtaining those kind of profits is impossible and will immediately try to find other ways to profits from the markets, but those that are not smart and are greedy will keep trying the same strategy until they run out of money.

[nomenclatur]

I invest in HYIP in the year 2017 2x I'm really interested the first time I make a deposit at the site of HYIP around 0.015 BTC within 1 day I get a gain of about 0.015 BTC when that time I was tempted and make a deposit of about 0.1 BTC I waited for a gain of about 0.1 BTC but it's been almost seven days I waited without BTC coming in my wallet and I regret investing in HYIP.

[gabbie2010]

I invest in HYIP in the year 2017 2x I'm really interested the first time I make a deposit at the site of HYIP around 0.015 BTC within 1 day I get a gain of about 0.015 BTC when that time I was tempted and make a deposit of about 0.1 BTC I waited for a gain of about 0.1 BTC but it's been almost seven days I waited without BTC coming in my wallet and I regret investing in HYIP.

That is why this forum has a zero tolerance for HYIP promoting scheme because in a long run they ended up scamming many investors I felt sorry for your lost I am quite sure you are newbie then that is why you easily fell for that prank, there are cases of some greedy investors who fell to those baits dangled on them by those HYIPs and ended up being scam a word is enough for the wise.

[GideonGono]

I invest in HYIP in the year 2017 2x I'm really interested the first time I make a deposit at the site of HYIP around 0.015 BTC within 1 day I get a gain of about 0.015 BTC when that time I was tempted and make a deposit of about 0.1 BTC I waited for a gain of about 0.1 BTC but it's been almost seven days I waited without BTC coming in my wallet and I regret investing in HYIP.

That is why this forum has a zero tolerance for HYIP promoting scheme because in a long run they ended up scamming many investors I felt sorry for your lost I am quite sure you are newbie then that is why you easily fell for that prank, there are cases of some greedy investors who fell to those baits dangled on them by those HYIPs and ended up being scam a word is enough for the wise.

They experience the hype when 2017 comes and they think that it would happen always so they come up from assuming that they could earn from the following years so then when the year comes that there are a lot of scammer releases they get caught by trust of they've experience. Now, there are a lot of scam so think wisely because it would affect the price of bitcoin by a lot of scammer get a few victim.

[Brunus]

Excellent set of tips, which unfortunately will not be heard. In the end, scammers get results partly because of the stupidity and naivety of the scammed, but much more often because of the greed of those who let themselves be dazzled by fantastic earnings.
I think most of those who have been scammed deserved it.

[ub27]

I believe that every good lesson starts with a good story and on this note, I want to tell you about the experience I had that made me cautious of "Get rich quick" schemes online especially those pertaining to Cryptocurrencies.


 

I discovered Bitcoin in early 2013 and although I didn't take it seriously at first, I was earning little money from it doing tasks online (pay for view, faucets and such), I took it more as a hobby and never intended on selling the bitcoin, I just knew in my heart that it would do great so I wanted to accumulate as much as possible without having to spend my money buying it (this was before I got into mining), fast forward to 2015 when the money doubling schemes were everywhere, I kept seeing adverts online and even though I knew better, I decided to invest in one of them (Avabitcoin) with the coins I got from my early days of discovering bitcoin, Avabitcoin was a platform where you invest bitcoin and they supposedly invest it and return profits to you on a daily basis, I decided to take the risk and invested for the first day, got back my money plus 12% profit, and greed overtook me and I did kept doing it for 2 more weeks before they vanished with my funds. I kept going all in even when I had already doubled my money.

If you want to avoid getting scammed online, you just have to follow the following:

Greed: Greed has led a lot of people straight to rekt, like my story above would have told you, I couldn't resist the pull of greed even when I had doubled my funds.

HYIPs: When it looks too good to be true, then it's probably too good to be true, when you see any investments that promise high yield returns, please stay far away from them, when you see genuine projects that offers returns, most of their returns are so low, some of them are average of 10% per annum and it's a wonder that we see platforms offering 10% and above in a day and we gladly jump straight into rekt, like I said, if it sounds too good to be true, then it's too good to be true.

FOMO: If not for the hype that Avabitcoin generated, I would not have invested in it in 2015, learn how to DYOR and avoid what others have to say about projects they seem to support, infact your mindset should be that everybody is trying to rip you off so if you always look at every hyped project with that mindset, you would have a clearer picture of the project without the blindfold of FOMO.

Rushing: Avoid rushing into any investment because you heard it's paying others, one of the virtues of a Cryptocurrency investor is patience, Cryptocurrency investments are high risk investments and you have to treat it like gambling, never invest more than you can afford to lose, never go all in on any project no matter how good it looks.


EDIT:
Click on random websites: Many airdrop websites you see these days asking for personal details are fake and many of them are just clever ways to steal your private details and use it to steal your funds, be careful of the links you click and if possible, bookmark your sensitive websites (the ones that need private information like private keys and passwords) so that you wouldn't fall for a clone website.

Use new wallets: We can all remember the recent incident that happened with satowallet where the wallet stopped working and users lost a sizable amount of funds, we should stick to the existing and trusted wallets instead of just jumping into any random wallets swe see online, many of them don't have your best interest at heart.

Repeat Passwords:  I was just surfing through the forum a few minutes ago and saw a post where a guy managed to hack an ICO website and contacted the admins and the admins just don't care, never repeat passwords in two websites so that if a hacker manages to get their hands on one of your passwords, they would not be able to affect your funds in other platforms.

Please try to include telegram scams on your list, they are trending big now and almost all newbies from india have fall victim to this scam tricks, scammers steal project teams image and use a near identity name too, for example a legit project team member can  go by @fisher as the username and scammers will change the name to @flsher with same profile image to give you good offer, if you don't check very well you will think its legit.

If you have any similar experience, please kindly share it, it might help others (especially the newbies to avoid being scammed by shady projects out there and if I see good suggestions, I would edit this post and add them as well.
Seen some awesome answers and I would be adding them soon, keep the suggestions coming.

You really gave out the best tips so far and I wish majority of us would read and adhere to this points, I love the part "Repeat Password", as I have many friends that do use same password for all their transactions, now will copy this post link and send to them so they can read through

[oscarftw]

Excellent set of tips, which unfortunately will not be heard. In the end, scammers get results partly because of the stupidity and naivety of the scammed, but much more often because of the greed of those who let themselves be dazzled by fantastic earnings.
I think most of those who have been scammed deserved it.

Anyone wouldn't like to any stupidity after reading this thread. If we think this, we are absolutely wrong about it. I believe if you are more active and more sensitive about scam, even though you will do wrong and get scammed. Only you can stay from it, if  you research on scam problem.

[dark.angry.donut]

Thanks for the post. I'm a newbie so this is very valueable