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

[trauchot]

For many years I have invested in many cryptocurrency projects and very often it turned out that some of these cryptocurrency projects turned out to be scammers and unfortunately these scammers took all the investors money into their pockets and they simply disappeared, so lately I am trying not to invest in new cryptocurrency projects because this there is huge a risk to lose your money and I prefer to invest in proven top cryptocurrencies and the profit from this suits me.

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[Jackl87]

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.

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?

I kinda got scammed with my very first investment into crypto which was the ICO of Dimcoin back in 2017. Some known crypto expert back then said it is a great project to invest in and even in this forum the project was talked about and the reception of it was very positive. Thank god i only invested 150$ in it because i wanted to try things out how wallets and transactions work and so on. The ico raised 14M $ if i remember correctly and soon after the ICO the CEO stepped down and then quickly everything fall apart. A few members of the dimcoin team founded another company and i assume they took the money with them. So basically a total loss of funds for everyone that invested and did not sell off quickly once the coins were tradeable.

[Dread Pirate Roberts]

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.

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?

I've been scammed in investing with a ponzi scheme system. back in 2014 when cloud mining was very crowded and at that time I didn't really realize the worst possibility of cloud mining that they offered. I invested $ 5000 even though my money was fully returned, I still felt cheated by what they offered. if you've ever heard of PBmining. Yes, im talking about that .

[santiPOGI]

I had been here for a couple of years and all those years for being here is that I never try to buy or invest into any form of the ICO, IEO, or STO but most of often was I joined at the bounty campaign where if there is risk that is my time to spend and effort only not the fund come from my pocket.

[isaac_clarke22]

~

As what all of the people aware of the scams says in here, don't believe in doublers or anything that would 2x or 3x your sent money overtime.
Watch some scambaiters seeing how they try to crap around these scammers in Youtube. It is quite funny.

[Quidat]

When I was just starting on this forum where ICO isn't still known to be money grabs then the main scamming modus into those old days where hyips and ponzis.
Yes, its absurd that there are lots of people wayback do still get victimized with those common and obvious scams but those are still not known and not being busted
that much and after that then that's the time where ICO scams do happen and I haven't made myself make out some investment after being scammed lots in
doublers and Ponzi and that's really a lesson learned for me. If we do make out calculations on how much I do lost then that would be a significant one.

[Tellek Garing]

2017 and 2018 were the worst years for me because at that time I didn't know much about crypto and always considered all projects is real, so at that time I invested money in several projects at the same time, some made profit and I also lost money in several projects. as you said, mistakes made me learn and be more careful in determining projects before investing
because too many scammers made me to invest in ICO, until now I'm only joined IEO on binance

[Golftech]

~

As what all of the people aware of the scams says in here, don't believe in doublers or anything that would 2x or 3x your sent money overtime.
Watch some scambaiters seeing how they try to crap around these scammers in Youtube. It is quite funny.

If the offer is something too good to be true, best to skip it and not to invest any amount either time or money.

Those scammers are rounding around trying to find someon who will bite their offer and get victimized by the

system scammers have, be aware and always put your guards up, don't give any reason for scammers to penetrate you.

[ziyaaa]

So far, it is zero.    But I always try to be careful about especially new projects in the market. Because there are really many frauds out there waiting for their victims. I recommend all the people to be as aware as possible. It is really too easy to lose money in this market.

[topbitcoin]

Maybe at first what are they intention is not to scam people, but when people think they are not follow their whitepaper and change what is the money from investor used for, then the project turn to be disaster, dumped and then dead project. And i am buy their ICO and then lose much of my money. Mostly i wrongly pick in an ICO project and rarely trapped or scammed by HYIP/ Ponzi sites.

[Exyd]

Started late 2017 and made a few mistakes

- Hashflare cloud mining: lost around 500$ buying SHA256 contracts, profitability quickly decreased until they stopped mining because "not profitable anymore" and my balance never got over the minimum to cashout, even people that did claim their accounts were deleted when they tried.

- VIVO and PAC masternodes: not really a scam, but I started mining and thought masternodes were a great idea, quickly lost over 90% of my investment.
- VIVO doesn't exist anymore lost 1-2k there.
- I sold PAC (Paccoin now renamed Pac Global) at a 3k loss (80%) in february this year. Fun story is 2 weeks later it pumped so hard I would have made 10-15k instead.

- Avoided the Cryptopia scam in 2018 someone else previously mentionned. I went there to trade DOGE, but luckily I cashed out before they disappeared.

- FOMO'd in a few shitcoins this year with BTC profits, but very small amounts I was ready to loose, and I did exactly that! Mainly Elongate & SHIB.

[albon]

I never put my money in the traps of scammers, I gained experience by seeing fraudulent cases that my friends have been exposed to, Everyone should be careful before investing in any new project. This topic is useful so that we can see what happened with others and so that we do not repeat the same mistake.

[Hannahanto]

This post drew my attention and am heart broken though I don't regret that much anymore cause I know in crypto a lot of people get scammed every day so I don't see it as a shame.
I added my money to an investment, it was 3x coin or something like that but the project was to give back times 3 of what you invested with, base on the hype and some good testimonies from other investors I decided to go in but because I wasn't fully assured I just gave in a thousand dollars and at the end I saw the group tagged on telegram as scam and no way to chat them up so I just left. Some days are bad we need to wise up in crypto market.

[zonefloor]

After the 2017 bull run, I invested in a project called spotcoin. There was also a serious fomo and serious work at that time. But then there was a change of CEO and the project was suspended. Although they still say that the project will continue, they are neither active on telegram channels nor on any social media. They also did not refund the money.

On the other hand, when we look at the bull run of this period, we see that fraud has increased more. Especially dog coins have hurt many people and continue to do so. After this, many projects with trillions of supplies on the BSC network come out and then escape from the market by throwing rugpull. You have to be very careful.

[mhine07]

I experienced many fraud investments in most of the projects that i invested my money. Back when the first bull run of cryptocurrencies in 2017. Some of the investments that i have, i gained profits but most i lose my money because many are scam projects. But its only ok with me because i know that investing in cryptocurrencies is risky.

[lienfaye]

There's only few, this happened when I was just a newbie in crypto. Mostly of them are hyip and ponzi scheme wherein you can earn easily with huge ROI. Thats how I spend my capital during early times and realize that mistakes after losing my money.

I think its the problem of me as a newbie that I didnt conduct a research before putting my money in that kind of investment.  I thought its a reliable way since many investors are also promoting such especially on social media.

I dont have any bad experience in ICO because mostly of my coins came from bounties as a reward. Thus even the project didnt succeed, only my time and effort are wasted for promoting them for months.

[wajik-tempe]

There are a lot of successful ICO projects in 2017-2018 but there are also tons of scam projects. Back in that time i was investing like 100-200 USD into scam projects name ATROX, lending system just like many projects that time. That was also my first year in crypto so i don't have many experience yet. It's okay to be scammed at first because it will give you an experience and become more careful for next investment

[henmark]

Yes, a lot of people are being scammed all the time and I have only experienced it once. Can’t remember the name of the project , but I was still newbie as of the time it happened. But, the money I lost wasn’t too much, just a little amount of money.

Although I didn’t understand the cryptocurrency exactly as of then, I was still very careful with my money and didn’t want to risk losing everything, so I go for little investments until I am sure that something is legit before I start making bigger investments. I think that experience kind of made me to be more wiser, and since then I have not fallen for any scam again.

[(o)(o)ilikeboobs(o)(o)]

I invested in KICK, REAL. These two projects still exist but the return is quite low compared to the amount of money I have spent. I also invested more than 5000$ in Oyster, then the CEO of the project printed more tokens and dumped them. The project has become a dead project. I failed in investing, it can be said that the money made so far has been blown away.

[ChiBitCTy]

There truly is nothing wrong with admitting that you were scammed.  I think first and foremost it's a valuable teaching lesson and it's important to share your experiences being that you want to make sure others don't fall in the same fate as you did.  I personally have never been scammed with anything finance, but as a financial advisor I've been trained to spot scams..so it comes easy to me, but I'm well aware of how difficult it is to spot for most people.  The biggest scam that I spent the most time with is hands down bitconnect.  By spending time with, I do mean warning others of the scam, and trolling the hell out of those working for bitconnect.