Scammers favorite tools

[tvplus006]

I also am a victim of one of those types of projects. Day by day those scammer becoming more creative about scamming peoples. Sometimes i wonder how they find all these unique ideas for stealing people's money. For these types of activity real and potential projects failed to collect enough funds for the project developments. People afraid to lose their money again.

Their creativity to make new ways to scam people will always improved. Those scammers knows how to ride which hype they should enter so they can take advantage of those newbies seeking to gain more profit from your money. Just remember that too good to be true giveaway will always associated with scam. There are no free money easily. You should be able to recognize that after you been scammed.

I notice that scammers do not bring anything new to the market. They repeat the same schemes without coming up with anything new, only the investors who are newbies in cryptocurrency change. Only newbies can believe that you can earn 100% in 24 hours.

[bits4books]

I hope that this is more of a current market history and randomness than a pattern. Audits will fix it

[Lordhermes]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Exactly as you said, Buddy, scammers trick is evolving everyday, in 2013-2018 projects were using mining tokens as a trick, nowadays, you can't find new project claiming to be a mining project. Additionally, DeFi (Decentralized Finance) is onboard trick now, members be careful about new projects claiming to be DeFi project because it's booming in the market structure right now. DYOR.

[Janus101]

Their creativity to make new ways to scam people will always improved. Those scammers knows how to ride which hype they should enter so they can take advantage of those newbies seeking to gain more profit from your money. Just remember that too good to be true giveaway will always associated with scam. There are no free money easily. You should be able to recognize that after you been scammed.

I notice that scammers do not bring anything new to the market. They repeat the same schemes without coming up with anything new, only the investors who are newbies in cryptocurrency change. Only newbies can believe that you can earn 100% in 24 hours.

If they have any kind of creativity, I doubt they would use it for trying to scam people. Scammers are the laziest person you could find out there so most of their tricks are also very repetitive. When you see some new project keeps pop up one after another without any creativity, pretty sure scammers project are in it too.

[Skinny48]

Any catchy use case can be used by scammers to fool investors, the lists of use cases they can use are unlimited, it's your job to find any means necessary to spot any scam intents from any new projects and also, since DeFi is reigning now be prepared for some scam DeFi projects

[milandres0207]

Based on what I had observed I guess Masternode coins are the most effective tools for this to scam others here in this community business in the forum guys. Then, one of the apps they are using it too was Telegram this has been proven and tested I know many of us seen these things
in most telegram channels.

[muhammadrafi560]

The most effective tool or trick that scammers used are the spam links that they send through mailbox or other messengers. And unfortunately a large number of people got trapped into this. The thing that insists to click on these links are some kind of Lucarive offers comes alongside these messages. So make sure to never click on scam or unverified link that may arrive in your inbox or message.

[gwaposakon]

I think anything that promises instant returns and very high gain are red flags for crypto scams. most successful projects developed slowly but surely. If one wants to invest in crypto, he must research if the projects have practical usage and sustainable development of their platform.

[Jannyh]

It's a good thing that over time,we have learnt the trick of most scammy projects, they look so attracting that you will definitely want to invest in it, but it's good a thing most of us have started doing research on projects before investing or even hunting, research helps a lot and reduces risk .

[Furious 7]

It's a good thing that over time,we have learnt the trick of most scammy projects, they look so attracting that you will definitely want to invest in it, but it's good a thing most of us have started doing research on projects before investing or even hunting, research helps a lot and reduces risk .

We must have a way to be able to detect the scamer project, I think it can also make us minimize the risk of what will be invested, identify the project carefully so I am sure if we all understand in understanding this it will be easier to detect it.

[fuer44]

Scammers uses catchy and popular concepts to get easy money from gullible investors. They don't do much work and just copy pastes others work with some slight change. Other popular scams except the ones mentioned by OP at the moment are
1. Masternode coins - 90% of them are just scams.
2. Exchange coins - Don't believe any exchange coins as good exchange would always bring their exchange first and issue the ICO on their own exchange.

where tokens will be listed can also be used as a benchmark, how the team manages the project. if a team slides a token into a market exchange with low liquidity, they may just want to cheat and that often happens, where in the end the token ends up with a very low price or exchange rate.

[Gayong88]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

Yes, you are right if something is built on the basis of honesty and have a product, I am very confident that the project is successful especially if you are familiar and known and supported by a strong team and good management.

[Kvalentine]

Profits can still be make out of bad projects, I tend to hold any new coin for short term only because once they start pumping that will be the last surge you will see and every thing the start crashing down, I remember deflation tokens like Ethplode and BAGS Token, today they are useless

[commander11]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

This isn't the case most of the time. They can imitate whatever they like as long as it is convincing or appealing to crypto-folks.
You should know how to spot the fake project by
[1] Go to Google.com
[2] Search "name of the project + review bitcointalk"

Tadah, you are now one click away to know what the Bitcointalker geniuses think of that specific project you were about to explore.

[Yudhisthir]

I learnt my own lesson about some useless use cases in crypto Projects through Airdrop hunting. I have something against the following use cases like

1. Artificial Intelligence projects
2. Gold backed tokens
3. Deflation tokens

Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

This isn't the case most of the time. They can imitate whatever they like as long as it is convincing or appealing to crypto-folks.
You should know how to spot the fake project by
[1] Go to Google.com
[2] Search "name of the project + review bitcointalk"

Tadah, you are now one click away to know what the Bitcointalker geniuses think of that specific project you were about to explore.

While doing so, beware of self moderated threads as the starter of that topic can delete any hostile messages.
And the forum review might not be always sufficient to make a decision as there have been cases of hyped project in this forum and some even endorsed by popular forum figures turned out to be scam. Some prominent DT members and I guess a staff member too lost their position just for promoting fake ICOs knowingly. So, it's better to look at every aspects.

[conkeconke]

While doing so, beware of self moderated threads as the starter of that topic can delete any hostile messages.
And the forum review might not be always sufficient to make a decision as there have been cases of hyped project in this forum and some even endorsed by popular forum figures turned out to be scam. Some prominent DT members and I guess a staff member too lost their position just for promoting fake ICOs knowingly. So, it's better to look at every aspects.

I think you shouldn't be on guard with self moderated. Most time, people just don't like off-topic or signature the only poster make their thread hard to keep track of conversations. Scammers don't have any viable tool in bitcointalk to push their thing and this is why I like to stay at here.

[BeginToMine]

I don't think this is really good because I have seen many deflationary projects that survived it and waxed strong. Scammers can use any method to scam not particular steps so you have no concrete reasons to say so. For the fact some failed you shouldn't be that all are scammers. Remember some used the method genuinely before scammers picked the idea because it was working fine.

[crustycrab666]

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Why? They hardly survives because they are mostly based on lies, these use cases are scammers favorite tools to deceive

In addition, Stablecoin is also often used as a cover for fraud. Most airdrops are currently less valuable or small in allocations, high price estimates are only sweeteners, often the nominal is too small so it does not reach the minimum requirements to be withdrawn. Although the task is simple, we must continue to analyze and be careful, fraud is everywhere. Research to read the rules, and do not sacrifice your personal identity only for airdrops whose value is not much.
To be safer, for now, I only join airdrops that are held by trusted companies or exchanges, with clear rules and clear allocations. Usually the number of participants is limited, first come first serve.

[Ifemini]

One scammer favorite tool you have not mentioned are victims greediness and naive attitudes, if you see an investment opportunity it js only right that you do a comprehensive research about it before venturing, but due to laziness and greed several newbies join ponzis.

Hopefully, newbies learn to do their research independently and enjoy the crypto space

[103deltafox]

I have notice it, these set of use case hardly do well but you keep seeing it, indeed it is scammers tool because their reward looks so tempting and that will lure you into being a part of the project before you know it, they have exited scam,be mindful of projects with juicy offers.