Too many project SCAMS - PLEASE CAREFUL

[Sindicatout]

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.

Dear friend. It always has been, and it always will be. Every day there is something new and scammers will not sit on the sidelines. They come up with increasingly sophisticated ways to deceive gullible investors. I believe that everyone should fall for their bait to learn a lesson for the rest of their lives

[jerlen17]

As a bounty hunter, no matter how i tried hard to search for a good projects, sometimes I failed. Even if their website says that the project looks very promising and good to be true biy still they scam hunters and ran away. Thinkinh that my hard work will be paid off and in the end I got nothing but dissappointment. Bit still hoping to find a good one. Cross finger. Road for the success!

[bonyaserg]

Personally, I can say that the world of cryptocurrency is really full of scammers and you need to be extremely careful. Since the success of your work and the profit from the sale or participation in crypto projects depend on this. So the cryptocurrency has a lot of positive aspects, but you can also fall into the hands of a scammer and lose your honestly earned money.

[Midy]

This is not new information anymore, because this has been going on since 2018 and in general the members here have experienced events like what you mentioned, but before that, thank you for reminding each other.

[Almasani]

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.

Indeed, many projects have been launched that eventually commit fraud. Moreover, we are in a different country, and it is very difficult to confirm that the project actually exists. But in this forum, I have more confidence in the project manager. If the project is managed by someone who has a good reputation, then I join the project. So this will make it easier for us to choose a project to join. Although there are also projects managed by trusted managers it ultimately scams. What is clear, the manager will not be a fraud. This can happen when the project team commits scams at the end of the project.

[Atang Sulaeman]

a warning that is very necessary, not only from 2020 only a year ago there were also many frauds, what we have to do is handle it carefully because even though we have done research, fake projects are always there, and especially now more and more ordinary people know Regarding cryptocurrencies that the opportunities created for fraud are even greater, so being careful is the key to starting investing in new altcoins, without unless we retain existing altcoins.

[Atang Sulaeman]

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.

Indeed, many projects have been launched that eventually commit fraud. Moreover, we are in a different country, and it is very difficult to confirm that the project actually exists. But in this forum, I have more confidence in the project manager. If the project is managed by someone who has a good reputation, then I join the project. So this will make it easier for us to choose a project to join. Although there are also projects managed by trusted managers it ultimately scams. What is clear, the manager will not be a fraud. This can happen when the project team commits scams at the end of the project.

In my opinion, the project manager is not a benchmark for whether the project is fake or not because in the last few years, many failed projects, even fake ones, are held by the existing project manager.

[Ekyfitri]

a warning that is very necessary, not only from 2020 only a year ago there were also many frauds, what we have to do is handle it carefully because even though we have done research, fake projects are always there, and especially now more and more ordinary people know Regarding cryptocurrencies that the opportunities created for fraud are even greater, so being careful is the key to starting investing in new altcoins, without unless we retain existing altcoins.

even now it seems like it's getting easier. take a look at some tokens from the BSC project now. they have very low prices and a huge supply. but they are very popular in the community.
without a clear product and a clear team. they create tokens easily and list them on exchanges with their own custom trading manipulations.
just need to make attention to social media then they will get good momentum from the community.

[zaim7413]

This is not new information anymore, because this has been going on since 2018 and in general the members here have experienced events like what you mentioned, but before that, thank you for reminding each other.

Yes, and if we remember the many scam projects, it seems as if the enthusiasm for working on new projects will decrease, even though if only all hunters can always focus on their work and make work on the bounty the second alternative, then they will never be disappointed and will get a lot of results on a good bounty project.

[susuberuang]

Actually the news about project scams is not new, even in 2018-2019 almost all projects experienced traffic jams along the way, and I'm sure all bounty hunters are not discouraged by this, because there are still many projects available in crypto,

[Fredomago]

As a bounty hunter, no matter how i tried hard to search for a good projects, sometimes I failed.

It really happens, not even you do your homework and deeply do your research, scam project do exist and hides from a good perosnalities where both investors and bounty hunters got victimized.

Even if their website says that the project looks very promising and good to be true biy still they scam hunters and ran away.

This kind of professional scammers are just circling around this forum, hard to assess which is which only fate will dictate your luck.

Thinking that my hard work will be paid off and in the end I got nothing but dissappointment.

Just continue working, try to keep enhancing your knowledge with every factors that affects this industry.

But still hoping to find a good one. Cross finger. Road for the success!

Who knows, one lucky project will bring decent profits to your hardwork! Best of luck!

[doomloop]

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.

Scammers has been here right from the beginning, it’s not a new thing and you would be surprised at how many are regularly being scammed if you get to know, but because we never get to hear about most of the scams that takes place, we think it’s something that happens once in a while.

Scammers are everywhere and they are making use of different strategies and looking for who would fall into their trap and then they will prey on them. So, people really have to be careful no matter where, and especially with these airdrops, this is one of the reasons why I decided to stop airdrops because the level of scammers in it are too many. If you can deal with it, it’s always best to just stay clear from it.

[mamesso]

Actually the news about project scams is not new, even in 2018-2019 almost all projects experienced traffic jams along the way, and I'm sure all bounty hunters are not discouraged by this, because there are still many projects available in crypto,

Scammers keep arriving in cryptocurrency, they are like parasites that make their victim suffer. The scam project is still circulating today and the population is growing, we need a lot of effort to detect a scam project so as not to get caught in it.
I honestly feel sorry for the bounty hunter who got caught up in a scam project, they spend a lot of time and mind promoting the project in hopes of getting paid after the project is over, but the reality is not as expected.
I am grateful to be able to participate in the paid BTC campaign, so I am not too worried about the payment I will get, because they always pay the campaign participants on time.

In this post I want to motivate friends here especially bounty hunter so they don't give up easily to join the project, Moreover, this year there have been many successful project, such as HEX, Poolz, Cyclops and there are several other project.

[Dump3er]

Actually the news about project scams is not new, even in 2018-2019 almost all projects experienced traffic jams along the way, and I'm sure all bounty hunters are not discouraged by this, because there are still many projects available in crypto,

Scammers keep arriving in cryptocurrency, they are like parasites that make their victim suffer. The scam project is still circulating today and the population is growing, we need a lot of effort to detect a scam project so as not to get caught in it.
I honestly feel sorry for the bounty hunter who got caught up in a scam project, they spend a lot of time and mind promoting the project in hopes of getting paid after the project is over, but the reality is not as expected.
I am grateful to be able to participate in the paid BTC campaign, so I am not too worried about the payment I will get, because they always pay the campaign participants on time.

In this post I want to motivate friends here especially bounty hunter so they don't give up easily to join the project, Moreover, this year there have been many successful project, such as HEX, Poolz, Cyclops and there are several other project.

Even if you have teams who do Q&As or videos, teams that are not anonymous you can still expect them to scam you. The difficult part is to hunt them down legally. They have their legal entities in states you can't really do anything and complex corporate structures. It sucks and is sad because it shies lots of interested people away or destroys the excitement about the topic of those who lose lots of money.

As for teams who want to stay anonymous at any price, I wouldn't entrust them with my money. Chances it goes well for you are so low.

[capokmerah]

Scammers are indeed one of the scourges you most want to avoid. deception and disappointment that is felt by those who experience it. but that's nothing new. very good for reminding each other and learning so as not to get into the same problem. because the Impostor will always be there and will not end.

[Musekay]

Scam is inevitable what matters is how you protect urself and your assets out there in the crypto space. Doing enough researchs about the said projects is key. Though sometimes it still fails. But then we have to be hopeful.

[Anonymous100]

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, I also often receive messages by telegram to invest in certain websites, but after I checked, the website hasn't been around for a year. I think we need to check details about websites offering investments.
I also question about the site, why is not in this forum. Because in this forum there are people who are able to do research on the correctness of investment sites. But unfortunately they don't even know the bitcointalk forum.

[rahmatullah9305]

Scam is inevitable what matters is how you protect urself and your assets out there in the crypto space. Doing enough researchs about the said projects is key. Though sometimes it still fails. But then we have to be hopeful.

It's true, scams can't be avoided by anyone because scammers are always making new ways to trap everyone in the crypto space, so it's clear in this case that everyone must be good at protecting themselves so they don't get caught in a scam path.

[Chuky92]

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.

Thank you so much for bringing it up again. This has been said many times but most times, people are blinded by greed that they throw caution to the wind and do what they feel is right and at the end, got scammed. Let me start with airdrop, it is meant to be given freely so far the participants have done the required tasks expected of them, but once the team directly or indirectly demands for small Eth or BNB for gas fee in order to send the participants their tokens, then it is a red flag and will possibly be a scam.
Another is investment platforms which offers high reward which are of course very attractive, such that once the greedy person comes in contact with the platform, he will be forced to invest.
Let's just try our best to explore about the right thing and do it always without feeding scammers every now and then.

[Rkss4]

Of course scams projects can't be determined as a simple step because scammers always trying to handle their projects in a decorative ways where investors don't identify. They always trying to arrange it as virtual coins and virtual team management. They manage false roadmap and whitepaper.