Too many project SCAMS - PLEASE CAREFUL

[Kang TB]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

thats right, too many project scam, but a lot of good project born too my friend
in this case we must prepare for all conditions when we decided to invest in any kind of cryptocurrency project

[Yurkov]

    Scams are pretty common and are everywhere not just in this industry but also in our daily lives. If one is dumb enoigh to get scammed, that means he or she never bothered to invest enough time in learning about this industry or where he or she is. Do not let yourself be a victim, learn to swim first before you dive. And if you were already scammed once, learn your lesson well and be more prepared for next time so you won't fall for scams ever again.

Where no legal regulation there will always be a place for fraud. So the question itself arises why the creators and developers of the Ethereum platform, on which most of the scam is created, do not take any measures to combat this phenomenon? 

The answer is very simple. Blockchain and cryptocurrencies represent decentralization, not regulation. Decentralization is a choice, but also a responsibility for your decisions. If someone decides to give money to a stranger in internet (or even an anonymous person) just because they are promising something, it is their choice. What happens next are the consequences of his own choice. If someone is irresponsible and needs protection in the form of regulation, then the cryptocurrency market is not the place for him.

[ningrum]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

thats right, too many project scam, but a lot of good project born too my friend
in this case we must prepare for all conditions when we decided to invest in any kind of cryptocurrency project

It is common knowledge that in fact there are many scam projects,
and with things like that of course we must be careful in joining the project make sure we research before joining,
the more experience we have, of course the better so we are smarter in choosing projects

[Yurkov]

There are already so many altcoins that are currently under development. I myself am not interested in new altcoins to invest in. because there we do not know whether it will be successfully accepted by the market or not. remember very well that so many failures in 2017 reflect my preference for good altcoins. In this case the good thing is that the platform is already running and also the trading volume is high

I think you are talking about two different things. Altcoins are projects that create coins to be a universal or industry-specific form of payment. Tokens, i.e. all coins from ICO, IEO, STO and Defi, are mainly used to perform a payment function or to be shares in one project, the one who created them.
I agree that it all depends on the developers. If they are honest and believe in the project's success, there are chances that everyone will be happy. However, if at some stage they decide that the project will fail - then we have collapse of project. Scam is when developers plan it to runaway with money from the beginning.

[Kezacky]

Scamers are of course always around us, as we all know that the cryptocurrency field is becoming more and more popular every day and scammers understand that in the cryptocurrency sphere they can easily deceive people and make millions, so what can be done here is to minimize the risk of loss ,avoid suspicious project and we must always be careful in our decisions.

[HerbertMarcel]

It is true, now at this moment's lots of fake and scam projects are running in the market. But mates it's 2021 if you going with a fake project then obviously you've no experience in the crypto world, always remember fake projects giving you hope and promises finally they used your money and you gain zero profit. So mates, please research and analysis the market. When you realize you can do well in this market then you can in the market for investment, trading.

[lousie9]

an ICO project or any other Defi project in the cryptocurrency industry is very neatly isolated, they present such a great concept just to grab or attract a big market hype. There are many cases of project scams on this forum and none other than with a variety of promising concepts, offering you great wealth redistribution and much more. my advice to be more thorough before investing in any project.

[distr@yopmail.com]

an ICO project or any other Defi project in the cryptocurrency industry is very neatly isolated, they present such a great concept just to grab or attract a big market hype. There are many cases of project scams on this forum and none other than with a variety of promising concepts, offering you great wealth redistribution and much more. my advice to be more thorough before investing in any project.

New projects certainly have a greater risk than existing projects on the market. if you want to invest in a new project, of course, those who have been proven to pay or who have collaborated with the exchange platform if possible. because the reputation of the project will be better if they already have a partnership with an exchange where they can list their tokens later on the exchange.

[Pithaxz]

what you say is true, but in fact, scammers and scam projects will continue to emerge, therefore we have to take every form of investment security measures to ensure we do not Invest in scam projects. And you can avoid project scams by doing research, stay away from projects that promise unrealistic returns, stay away from suspicious projects because that's a red flag for you.

[JahriMeayer]

Recently I've found many project that similar to yours as you mentioned.crypto are start growing and people from defferent place, coming this industry for buy old and new tokens for taking the oppourtunity of current hype. besides scammers also doing their best & keep updating their policies for easily scam people.that's why need to be carefully analysis before buying anything and shouldn't invest the amount that may out of ability

[gurunanakji777]

Yes, we should avoid such a project where the project manager is asking transaction fees to send the coins. This way scammers actually trying to make money from the penny-penny of several depositors who trapped in their promises. Scammers are experts in making fool investors by their mealy-mouth talk. Generally, I don't trust airdrops. I do participate only when they run their proper ICO's on bitcointalk otherwise I don't take participate in airdrops where a project don't have any official website or whitepaper.

[max6575]

virtual project that is might be of one of models with the design of plan as developer works on initial terms of preparation to build of models and expecting attention from investors to work on chance as improving the supports on funding to develop within terms of manufacturing of product and or service.

[criket]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

You are right though your statement many projects are scams come out even though I have also experienced joining airdrops and in fact it is also difficult to check new projects if it is legit or scam because there are scam projects that are good at copying others more information and manipulation so be careful what you join.

You are right, there are even scam projects that make everything original and indeed those who work on their projects. they do a scam when they already get enthusiasm from the community. they began to be trusted with the money the community gave them, then they left.
like the BCNEX example. an old project that gives us the experience that everything looks good and pays. but when a lot of trust and funds have been raised, they run away with funds from their members.

[repear7]

Yes, we should avoid such a project where the project manager is asking transaction fees to send the coins. This way scammers actually trying to make money from the penny-penny of several depositors who trapped in their promises. Scammers are experts in making fool investors by their mealy-mouth talk. Generally, I don't trust airdrops. I do participate only when they run their proper ICO's on bitcointalk otherwise I don't take participate in airdrops where a project don't have any official website or whitepaper.

Yes, I know some telegram groups / channels. Who only promote airdrop for money.  It is better to ignore those airdrop, which require a fee to receive token. Maximum number of this type tokens is scam.

[chaoscoinz]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Yes my friend, there are a numerous number of scams, and you can believe this, they're going to get trickier and trickier to avoid, so be careful. A year or two ago, I was scammed in a telegram group. The scammer pretended to be an official from a cryptocurrency project but was a thief in disguise. I sent my 1 Eth ($175 at the time) to the wrong address and poof, my 1 Ethereum disappeared. The scammer was even polite enough to thank me for my dear contribution. I learned my lesson the hard way for that one.

[Yurkov]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Yes my friend, there are a numerous number of scams, and you can believe this, they're going to get trickier and trickier to avoid, so be careful. A year or two ago, I was scammed in a telegram group. The scammer pretended to be an official from a cryptocurrency project but was a thief in disguise. I sent my 1 Eth ($175 at the time) to the wrong address and poof, my 1 Ethereum disappeared. The scammer was even polite enough to thank me for my dear contribution. I learned my lesson the hard way for that one.

Telegram scams are very popular this days. It is very easy to create a username almost identical to the person who represents a project. Do not trust people who reach out to you with very profitable offers, because if something looks too good it almost for sure is scam. Be very careful and always confirm any information on the official chat.

[Farma]

The project scam won't go away for now. because they can freely draft without having to have permission. As an investor you have to be more selective. because currently in cryptocurrency there are so many scam schemes. even projects with legality sometimes indicate a scam. Reading the whitepaper and also seeing the progress is the most important thing to be able to check the project

well, it existed before crypto appeared. However, as a smart investor, being selective in choosing where to invest is very necessary, because according to my perspective, there are so many investors who are caught in a project scam in the crypto world. however, there are many ways to be aware of a project scam or not, and one of the most recommended ways is to research all aspects of the project.

[BaeSuzy]

Of course we can't stop another person to scam us, that's why we need to increase our knowledge so we can avoid to getting scammed.
Since 2017 i've been working and investing in this field, it's kindda hard for me to avoid scam but i think im better now to avoid that.

[codpku]

from 2015 stiil lot of scammer will take our money, before we invest our money we have to really know about the project, we have to know the team, the roadmap and the target that aim by the team
so we can get away the sammer and not lost our money

[ZaraCB]

For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens

I want to add one more point and that is "Create a fake or clon wallet to steal people's money".  Scammers are always trying to steal our money. We must do a little research before investing in a project. You should try to know a little bit about the project whitepaper, team members, road map.