How NOT To Get Scammed

[jrrsparkles]

Control yourself when you see an offer like 10% return in 10 hours or doubling the money in 24 hours,etc because in reality it is not possible to make that kind of profits so realizing is the first part when someone don't want to get scammed from reality and luring people to scams like these.

[Mumbeeptind1963]

People makes lot of money from HYIP, its true because i have friends that make money from HYIP but i learn something from my friend, he said to make money from HYIP you need to put aside greed, once you get paid quickly withdraw your reward, not the same for everyone though they want big money before withdraw thats how they lose money, at the same time HYIP is not good, its nothing but scam investment

During my early days as bounty hunter Ive always look for an easy money, some of them are called "HYIP" in which you will need to send amount of money like minimum of $1 to gain atleast 50% of it, but this hyip will be alive for only 1day or an hours then they will scam all the moneys they will shutdown the website then you will lose your money. This is the wrong time about people, easy money is the first thing people look for when they are badly in need, which really cannot help them but rather make their status worst.

[SolarWindMiningCompany]

Even if you follow all the rules and are always careful remember that social engineering also does not stand still. Scammers will always find new ways. But this is the foundation of the rules and, as always, they are in human values ​​and weaknesses.

You are right but atleast observing the basic rules keeps you out of sight for scammers. Firstly is get information and keep yourself abreast with emerging events and happenings. Widen your knowledge horizon oh how things work in the information technology world and Secondly never get greedy. Every greedy man is prone to scam. Not even know MIT degrees can save you from that.

[crazy-pilot]

Thanks for this information. I think it will be useful for beginner investors. The number of scammers in cryptocurrencies is increasing every day. We all need to be more careful than yesterday.

[Crypto5060]

The above information is very useful. One thing I've developed over the years is being critical of everyone/everything. I'm not easily trusting, I tend to question everything.  This has helped me avoid falling for scammers.

[BChydro]

Because people who join the ponzi scheme or HYIPs only think of ways to get a lot of money quickly without thinking about risks such as scams, so many people complain when they know ponzi or HYIPs are scam. And always be careful invest in crypto

If people think of investing money in shitty ponzi and HYIP schemes thinking of making money then they are aware of the risk involved too as there is nothing that will last for a long period of time but all the scams in the market are not about HYIP and ponzi but majority invest when they see a good project but what happens is that they will have a prototype and nothing else and they will not develop the end product and the project dies and that is what we see often.

[xiboothrezi]

Greed is an attitude that must be avoided. Attitudes that always feel less and always want more can affect the mind. Someone with this bad attitude tends to want maximum profit in a short time. On several occasions, this greed can affect the analysis. Honestly I have experienced this, and I really made this a lesson, even though at that time I was already profit but I entered the market again because there was a small chance to get a bigger profit, but apparently it was missed and as a result, I actually lost, lost my previous profit.
And the most important thing to continue to exist in cryptocurrency is to always do analysis before making any decision. DWYOR. If possible do a discussion with an experienced friend.

[bhabygrim]

Greed is one of the most common problem of an investor.
This could blind them easily and could shutdown their common sense that could result in losing their money.
Most of the time when people are greedy they would close their mind on the other option or possibilities.
The only thing that they need is to be calm and try not to follow their emotions .

[BitHodler]

If people think of investing money in shitty ponzi and HYIP schemes thinking of making money then they are aware of the risk involved too

I don't think that's actually the case, because a lot of people who "invest" in ponzi schemes complain about having lost money when the ponzi implodes.... if they were aware of the risks they would accept their loss and move on.

I honestly don't know what's worse, people investing in a ponzi scheme while they don't know it is a scam, even though it's so obvious, or the people who do know they are investing in a ponzi scheme, but simply don't care.

People who don't care about investing in a ponzi scheme do that because they think they are early enough to get out with a profit.... it basically means that you are okay with other people losing money so that you can make your profit.

[o48o]

I would add that when project is promising certain % of profits, it's most likely a scam. And i don't mean proof of stake projects paying with their own coin / token, but projects that promise gains in btc, eth or usd. Nobody knows if the new project is success least of all projects that haven't even started. And all the projections they paint should be marked as estimates based on something in the history. Not as in promises of profits.

[Perfect35]

One of he most common things this day, is that you see some people discuss on price and the possible ways in which it can be inflated. Do not get confused, they might be doing it for their own favour and looking for those to dump on. Even if the project look very good and there are updates that are upcoming, one still need
to search more.

[adzino]

People makes mistake. Again, there are scams that are really hard to detect. They hide their signs so professionally it becomes really impossible to know if they are going to scam or not. Then again, there are people here who builds trust first while planning on making a huge scam. Once the trust has been built, they end up scamming them really good. Yeah, the points you mentioned will actually help to avoid getting scammed from certain type of events/people.

[pedpedped101]

No matter how careful you are, scammers will still try to look for means through which they can get across to you. It is always better to be on guard and be conscious if it, inasmuch as you are still in the crypto space and on internet. Also try to avoid being controlled by your emotions, rather be more logical and think carefully well before making any decision.

[stephanirain]

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.

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.

Indeed, emotions and greed are the impulses that are difficult to control and can lead to unfortunate events. Personally, I believe that things can go more smoothly if we set realistic objectives at the beginning and stick with it as much as possible. It's take a lot not to be swayed by emotions but it can also be a great motivator to still work in this industry.

[letyouearn]

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.

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.

I would add strict investing plan presence here as well. You should know clearly where you enter the market and when you will quit, what conditions will cause you to act somehow. And this plan shouldn't be changed constantly while you are watching the graphs.

[Pinkris128]

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.

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.

If one wishes to grow in the trading industry, he should understand that he will not earn a lot most of the times. The market is too dynamic and many factors determine the outcome of the coins. It is important to know that most of the times, if it's too good to be true, avoid it no matter how convincing the deal is. There is no such thing as free lunch.

[Boov]

Don't invest or use if you not know that like in trading sites,wallets and gambling site then try the trusted and popular already here in crypto

Then i recommend to not risk big always and your investment are more on btc then some few alts that very useful so this have future like this will grow like xrp,bch,eth,doge,dash and more

Better to have an investigation first, if your guts are telling you that the website or the campaign you want to join in scam it is better to follow it. But you need also to read their credentials first, their prospect, what does their plan after succeeding and also what will be their plan if they fail. Dont be fooled by their saying that you could be rich or you will get this amount $$$ when you joined them if their plan is unrealistic.

[supercanada1]

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.

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.

Indeed. Greed and rushing into any investment is the common mistakes of people who get scammed, that is why having patience and controlling yourself are the things that you should consider before investing your money in projects. Other reason why people are getting scammed because of ignorance or not enough knowledge in cryptocurrency, just because the project has great whitepaper, website and promising team members it cannot be consider a scammed project, that is why beginners in cryptocurrency should be guided and learn more for them to avoid fraudulent projects.

It is nice to be greedy after gaining good amount of knowledge regarding one’s investment target. For instance, if a person has chosen bitcoin and invested good amount of money, then he holds it for long duration because he understands that bitcoin gains huge value with time, this greediness wont harm him at all. Being an ignorant and greedy is a deadly combination. This needs to be avoided.

[Drai]

I would add one more.
Don't visited random website that has crypto airdrops on there , or don't click on random links that people shared or people sent to you because it might be contains malware that can track your wallet password.
So be careful on surfing in cryptocurrency websites, because there are some of them contains malware and it will steal your personal private key or passwords

This is a good one, many funds has been lost in the past because of this, many people would just visit any random website and input their real details which would eventually be used to hack their accounts, it has happened to a friend of mine in the past, I would edit my post and add it there.

[ajiz138]

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.

this is very dangerous. Many phishing websites are specifically created to trap users and retrieve account information, private keys and others. If they get your rmail then they will send a link that will go to the phishing website. Must be very careful and thorough, bookmarking is indeed the best solution.