The lack of TRUST in the crypto space right now is horrifying

[Luffygroove]

actually you have to put trust aside when you jump in crypto world. All you need to do is to keep yourself good, cause it's an anonymous world my dear friend. Even people with a name, probably it's just their fake identity. For us, let's do any KYC as minimum as we can, if it's possible don't do any KYC even. For any threat or people contact us through email, just ignore it or simply report/block it.  At the end of the day, always DYOR and invest only cold money, money that you afford to lose.

[isaac_clarke22]

~

Been here since 2017, and surely many hodlers from 2009 would say the same anyway. If BTC was indeed in a horrifying moment right now, we shouldn't be here lol.
For sure 60k is waiting for us right now.

[Lantind]

People do not trust cryptocurrency because there are a lot of scams in cryptocurrency.
https://dailycoin.com/crypto-scam-epidemic/ Here is written what scams are there and how many money people have lost because of the scams.

But there are also not a few people who benefit through cryptocurrency, if you only look at the negative things (SCAM) that is in cryptocurrency, then you won't get anything in cryptocurrency and you won't be in this forum either, because this is an official forum that talks about everything cryptocurrency.

[poodle63]

what do you expect when things getting so popular like what has happened to crypto recently there definitely gonna be scammers , heck even before bitcoin become this high people already trying to find exploit for scams.
But the point that you stated regarding the scams project using influencer to trick people it's definitely a problem but isn't it a common sense for people who wants to trade or invest to not trust these influencers, even the idea of letting our financial decision affected because of some people who happens to be popular doesn't seem really bright either.

[malcovi2]

So, Coreto punishes influencers and not the scammers?thats a big waste of time because there are many ways for scammers to lure in victims.

[slaman29]

It's not about the lack of trust, it's about doing your duty, which is to question, suspect and not trust any person that can betray that trust:)

Crypto is about trusting security (through cryptography) and trusting code to execute the rules and conditions, not people and companies who have a reason to betray that trust!

[crazy-pilot]

What you are talking about has existed throughout the entire existence of the crypto market. Obviously, the higher the prices for cryptocurrencies, the more scammers are trying to grab their piece. However, no one forces you to give money to scammers, moreover, only you can do it of your own free will. If you got caught on a fake ICO, then you looked badly and did not study enough. Now sales are held almost every day, IDO, and they are all decentralized, which means they are safe.

[Scripture]

Scammers are everywhere and seriously, many started to use cryptocurrency and recently we are growing because people starts to trust the legit project and they even invest on it.

If you’re dealing with the fake project, then you might be afraid to invest again but if you invest on good project since the beginning, I’m sure you already have a 100% trust on this market. Better to keep learning things, and don’t even trust anyone asking for a money.

[kak uli]

I conclude from some of the points that you wrote in this thread that every activity in Crypto space is risky and profitable.
from some of your statements about projects and investments that are not clear, it seems that most of the people who are influenced and deceived by them are people who have no knowledge about INVESTMENT !!. what should be done is a more detailed analysis in order to avoid unclear investments or scame projects as you mean. for the future you have to be more careful and do more analysis.

[Yatsan]

The scammers are scattered everywhere here in the online world not just in crypto industry that is why it is better to embrace yourself on being aware on how to identify potential scam schemes so that you will not be easily targeted by those scammers out there. Be knowledgeable enough to out smart those scammers so you will not fall into their traps specially their main concern is to get money from you. There is no easy on getting or earning money here in crypto industry so beware from those promises coming from those people offering you instant doubling of your money for such don't exist in reality. It will be just easy to resolve such problem if all will be knowledgeable enough to determine the scam from a real deal.