How many scammers have you funded by putting your money in?

[Spanopohlo]

Thank God, I still haven't experienced being scammed yet. I don't know if its because I'm cautious or just too Anxious to let go of my fund. Either way, by reading from this Thread I learned and increased my knowledge on how not to get scam in the future. BAck in my early transactions, some of my mates would  get angry for losing to scam but later on they'll just let it go cause it's what risk takers like them would do.

[LogitechMouse]

None for me.

When I'm still starting to learn cryptos, there was a time where I focused on scams and I researched what are the common ways these scammers are using when they are scamming people and luckily after some research I didn't fall into their traps until now.

I know that being scammed is part of every investor especially when they are starting. Being scammed once is still ok but being scammed twice with the same strategy that scammers are used?? That is pure ignorance already. As an investor, you should know which projects/investments are scams and which are not.

P.S. I still remember I want to invest into Fantom ICO last 2017 when they launched it but unfortunately, I'm not one of the whitelisted investors. That is the first ICO that I want to invest with but I didn't and now 4 years after their token sale, it went up more than 50x already. Anyway, that is what it is . Just move on.

[ivankoh]

Lol, I'm glad I didn't make any mistakes with scam projects.  Maybe, I'm a bit sensitive and I always do thorough analysis, keep an eye on important situations, I'm quite a perfectionist for ICOs, I would rather not invest my money, not put my money on the spoilers.  .. I have quite good psychological control over the calling situations from the community.  No, I am not overshadowed by an unrealistic, illusion!

The market boom will last very long since this year.  Therefore, I hope the boys use the wisdom of their eyes to cleanse the projects of sabotage, deception, occupation and causing consequences to this space.  Be passionate in a wise way!

[acener]

About 5-10 I think I like to invest in doubler or Ponzi/Pyramid schemes when I was new in crypto,
I also like to ride on gamblers they would play with our money and give back a fixed reward since I believe on their skills but some of them would only be good for a few times and would run away with your money.
I know it was my fault for trusting those kind of people or investment so I just take it as an experience and lesson to never trust those kind of investment again.

[sulis sudibyo]

very much, even I joined the bounty campaign of those scam projects. I even forgot how many projects I participated in, they seemed very professional in releasing projects, but in the end they turned out to be scammets. I invested a lot even though it wasn't that big between 50-100$ per project. but still suffer a huge loss if all counts.

[wsxqaz123]

I did not invest money to participate in other activities such as ICO，But I spend a lot of time doing bounties or airdrops, and many of them are not harvested，So now I just need to find a good project to do it.

[alexeyLis]

I'm not sure that I have a moral right to tell my story because it so happened that I did not put any personal dollar, only time. I raised a little capital by completing bounty tasks of various types. But I can say with confidence that my whole story is 80% scam. Despite the huge amount of time spent on companies, I never received payment for my work. To be more specific, I can summarize the statistics of participation in bounty companies in 2018-2019, so that the next one going this way would know what awaits him on the way.
And so, on average, I spent 2 hours a day, 6 days a week on tasks. It turns out about 52 hours per month. Of these 52 hours - actually paid, it turned out 10 hours (here you have to believe me, although I can give my calculations in excel  ). Considering this, an hour of my work was worth 70 dollars. Consequently, I received less than $ 2940 per month. For your information, bounty companies last a couple of months on average.
Summary: it is up to everyone to decide whether to participate in bounty campaigns or not.
From myself, I can say that it is rather unpleasant to waste your time)

[nrvasquez]

Luckily I have never invested in a scam project, but I did invest in shitcoin. I invested during the market crash around mid 2018, they promised a minimum of 5x, and stupidly I believed it because it made sense. and until now the token was worthless, lol

[isaac_clarke22]

I wasn't scammed. I was almost got my wallet hacked back in 2018-2019. I can't quite remember the exact date.

It was from an airdrop of a certain new coin that is about to run their ICO. I put in my junk details to avoid possible identity theft, then I checked my junk email that day and got an email from the airdrop. It was that they want me to claim my token, but then it was a clone MEW site that I got led into. Almost put in my private keys there, but I already smelled the first fishiness of the site on how the css and layout of the site looked like.

[TribalBob]

I have never participated in an ICO made by a scam or original, but I was fooled by individuals with the purchase of token which I have the lure of big transactions without a rekber . there are at least 3 different projects, but I am not ashamed to say that I have fallen prey to scammers several times in the past, because it was  become my lesson for now , and not to sell tokens outside the market anymore

[Tomtomwole]

i dont really participate in ico but its slightly inevitable to fall for one especially perfected ones even with the team and everything if you really do participate in it. this is mostly common with shitcoins which are rampant now. but everything is a lesson which we must take every lesson with us and apply it forward.

[Kitaiev]

Previously participated in such projects... It's good that i didn't involve my friends or strangers in such projects. After losing money i decided not to risk anymore in such projects it's better to under-earn than to lose everything.

[imstillthebest]

Previously participated in such projects... It's good that i didn't involve my friends or strangers in such projects. After losing money i decided not to risk anymore in such projects it's better to under-earn than to lose everything.

you lost your money so thats not what you called under earn but under earn is when you have some funds left or you sell at a loss and that is the best thing to do if you are sure that the value of your token will go down deep but you have learned your lesson because you are not investing in the same kind of projects .
 lets not waste time on scam and unsure projects because we have legit cryptos that we can invest in . btc to name one

[Impala8_]

2017 was a tough year at this point, you're right this is how we learn.
Now I'm checking the info like 100 times before investing!
And I always talk with newcomers to explain them and share my experience, making sure scammers won't earn anything BUT there are lots of stupid people around as well and they won't listen to you even If you warn them
Crypto is a very risky thing, but once you found a couple great projects you will be ok  
Good Luck

[Altcoinsintel]

This is not an easy one to say. I have traded countless cryptocurrencies, I don't remember how many went to bottom and how many made it. I had to stop in 2018 as everything was looking very bad, and restarted again last year with altcoin trading. I have lost money to projects that were not exactly scams, or at least not having been accussed as that. But maybe when the founders dump their stack of dev tokens this is a scam too. I see the overall performance of my investment and have in mind that many of those may be scams, or shady with devs getting ready to dump.

[MCDev]

In 2018 there were a lot of people losing money with scam ICO, at which point people were investing in ICO based on hype.
I also participated in a few ICOs at that time and lost my money, it was a sad experience.

I was one of the victims. At that time I was still a newbie and was carried away by the hype, so I joined ICO without doing any analysis first. yes, it's purely my fault. after that I lost up to 80%. I forgot the name of the project, which I don't want to remember anymore. lol
That's an important lesson for me, since then I have been more careful before joining any project and prefer projects that are already running and have good prospects.

I think that year there were also many who experienced the same thing.

Investing in scam projects and falling into FOMO is something many have been involved in.
A lot of people participating in the crypto market in 2018 face the same situation as you. At that time people were easily deceived by the lies of scammers and were willing to invest in new projects without even studying it.

[djmixen]

I only joined in different ICO projects through bounty campaign, but I never try neither to think of it to invest in any of them.
Because, I knew that buying or investing in any of the ICO is too risky actually, and I've seen a lot of investors got run their investment
after the ico project collected a huge amount of fund but I am not saying all of them, of course there is still some of them are legit to join
in anyhow.

[slaman29]

Omg. I have been fooled so many times that it is quite embarrassing to talk about it. I have been in this industry for soooooo long and have seen good projects that are obviously better than the ones I invested in. Its just that my dumb eyes back then were easily fooled by baseless and too good time be true promises. Good thing though is I only invest amounts that are of not that much use to me so I can easily move on from the pain. But still though, I could've been sitting on hundreds of thousands of dollars had I invested in the right ones instead back then. I even invested on doge due to my stupidity back then but sold when I realised it was a joke of a coin but now I feel even more dumb than ever watching how much dogecoin went up in price recently. This industry is making me nuts!

As I said above, though, not even good projects that you spend days and weeks to do due diligence can guarantee you it's safe.

So no need to feel humiliated I guess. I feel really bad thinking about it but I try to see those experiences as lessons that I've learnt and hopefully use to remind me never to trust people too much, no matter how good things look and feel.

[Mpamaegbu]

Sometimes even with DYOR, legit looking projects turn out to be scams.

That's the situation with me. And I believe with many others here too. The DYOR thing doesn't seem to work most of the time because one may not even know the right places to look. Scammers are very clever. They can mask the tiniest bit of item that will give them away, except one is lucky to have stumbled on that slip before it's erased. Sometimes this slip can come from an insider who may not like the idea of others in the team scamming innocent investors. I suffered a few times in 2017 when I newly joined this crypto industry. I had invested heavily in ICOs only for most of them (if not all) to vanish. This is the single reason you won't catch me investing in ICOs today, no matter how profitable an ICO project may sound. I don't, and won't. I rather wait for the project to be listed on reputable exchange before investing.

And sometimes we just want to risk it.

Why would anyone know that a project is a scam or a ponzi and still invest in it? That's stupid risk.

[DU18]

I don't think there's no shame admitting that we make mistakes, that's where you learn from. Sometimes even with DYOR, legit looking projects turn out to be scams. And sometimes we just want to risk it.

During last bullrun ico frency 2017-2018 many people were saying that ICO scams are now over and next time people will be smarter. However now there are more scams then ever, especially rug pulls in uniswap and pancakeswap. We just don't call them ICOs anymore.

My failures of judgement contain 2 icos from many years ago which were obvious scams in hindsight : Swiss Alps Mining, Envion and one latest where Dev disappeared after i aped in to some BSC shittoken for the hopes of 2x-10 flip (i can't even remember the name of it).

Luckily i haven't invested anything i couldn't lose (to scams anyway), and i have even made money with investing to something that turned out to be scam later on. But still they are obviously annoying.

So i would like to hear your stories on how did you get scammed. Was it because you aped in without research or something else?

when investing in ICO there were several fraudulent projects that have taken my money and among them I even invested my money as much as $ 1000 in a project called Bitconnect and while investing in ICO, the Bitconnect project was a project that I lost the most money at that time, meanwhile In other ICO projects, I would only invest as much as $ 100- $ 200 and to be honest I have given up on investing in ICOs and better trade now.