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

[Ndlongap Ndlongop]

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?

.

Nowadays it is difficult to distinguish whether a project is real or a scam, this is what makes us selective in crypto investments, I have invested in ICOs since 2015 and I have learned hundreds, even though I have invested about 30 ICOs, and of all I have found about 20 scam.

[kak uli]

I have never experienced investing in an ico project so I don't feel disadvantaged by losing assets, but I feel aggrieved by the time wasted because some of the bounties that I participated in were trash projects and were not paid. it only costs my time not my asset

that's because you are not an ICO investor. another story if you are an ICO investor, surely you have lost a lot of your money because you can also trust the bounty project that you support and end up being a scam. it means you also have a poor analysis in choosing a project.

I have absolutely no experience in investing in ICO projects, even I don't have the ability to analyze a successful ICO, what should I do??. Well, that's why for me it's a big risk and that's why I don't participate in the ICO Project.

[Sithara007]

I have absolutely no experience in investing in ICO projects, even I don't have the ability to analyze a successful ICO, what should I do??. Well, that's why for me it's a big risk and that's why I don't participate in the ICO Project.

Not all the ICOs are bad and many of the ordinary investors became millionaires as a result of their involvement with the ICOs. For example, when the Ethereum ICO came out in 2014, the price per coin was $0.30. And the current Ethereum exchange rate is $1,877 per coin, which represents almost 6000 times return from the ICO price. Similarly, for Tron (TRX), the ICO price was $0.0019 per coin. The current exchange rate is $0.0554. I can give dozens of such examples. But the sad fact is that more than 99% of the current ICOs are scam. 

[Pelana vreo]

Several ICOs and IEOs like TKO and SFP for example, have given me an advantage, I was interested in this project before both listing on the exchange and doing research to get good details.
Several other ICOs such as Nauticus Exchange in 2018 have made everyone nervous, at that time I also invested and it turned out that the project failed and was not continued.

[EvieLannister]

Some time ago I invested a small amount of animal coins,Because I found out that he only relied on hype to get people to invest, without his own team skills， but fortunately, before the price dropped or even the project team ran away, I sold the tokens in my hand. This is really lucky.

[boumalo]

Someone invested in Bitstamp when they launched a crowdfunding campaign ?

[Sithara007]

Some time ago I invested a small amount of animal coins,Because I found out that he only relied on hype to get people to invest, without his own team skills， but fortunately, before the price dropped or even the project team ran away, I sold the tokens in my hand. This is really lucky.

The issue with coins that rely solely on hype is that ordinary users will never know when the prices will go up. When some celebrity such as Elon or Snoop Dogg publishes a tweet about this coin, it will suddenly go up by 5x or 10x. The issue here is that most of the users will get to know about the coin only at this point. They will rush to put their money in it, at inflated prices. And once the hype subsides, the coin will go back to its previous levels, and the users will be stuck with these loss making coins/tokens. Now they need to wait for the next hype cycle, to sell these coins (and that may never happen).

[zachyboy090118]

Relate my self to this topic, actually I am a victim of scammed online betting just this july 12. The Scammed online gambling flatform is called "Muyan66". They get billions of pesos in all around the world. It is important to do a entered research from internet, my mistake is im only relay of what my friends say wothout knowing it. Lesson learn do a research always to avoid lossing funds.

[Saisher]

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 have not put any money on coins that become worthless only my effort as a bounty hunter no regret on my part, bounty hunting and investing is a gamble we can compare it to a box of chocolate, you'll never what you are going to get, even projects that looks legit can go down the drain and small projects can become huge.

[Republikcoin.com]

Not to be fooled, but I believed too much in the community's bullshit when it was my first time investing in a very innovative project.
I bought 50k ETN during the ICO and at that time it was $0.01. The ICO campaign managed to sell all the coins allocated for sale and managed to get around $40 million.

When listing on an exchange, the price went up so fantastically, I even bought another for the equivalent of $500. With the hope that the price will increase many times, then I try to forget it and want to open it 1 year after I bought it. I was very surprised, because friends in the community said, ETN will touch $0.5 next year, when I try to check the wallet every month, what happens is the price drops to $0.01.

It was such a shameful experience that it was the first time I spent money on investing in crypto, but I'm currently laughing about it and it's an unforgettable story

[Saidasun]

I think those that are funding clear scam projects should be held responsible for what they are doing because they are doing it on the off chance that they earn a lot because these scam projects promise a lot of return on your money and people know that it could be a scam but they invest anyway because its too lucrative to miss.

[LordMiguel]

for me projects that i discoverd in the bounty section. i can't convince you because it is totally a waste of time. although i partake in bounties but i know what is involved. it is just a waste of time. reason is this. the project developers are all greedy. they use hunters to gain attention and then dump hunters when it is time for payment. also they sometimes swap into new tokens to destroy rewards earn by hunters in other to please the real destroyers.(investors).

[wallet4bitcoin]

Unfortunately two times. One is ICO and another one is local crypto to fiat trader. That was my first investment on ICO, and i got scammed on my first try. And I got scammed in local market for my over confidence about him.

[Saidasun]

for me projects that i discoverd in the bounty section. i can't convince you because it is totally a waste of time. although i partake in bounties but i know what is involved. it is just a waste of time. reason is this. the project developers are all greedy. they use hunters to gain attention and then dump hunters when it is time for payment. also they sometimes swap into new tokens to destroy rewards earn by hunters in other to please the real destroyers.(investors).

Take a look at the bounties and you can see that they are run by the same people over and over and I think the bounty managers should be held responsible for this and there should be negative tags given to them for being involved as it is very obvious that they are scamming people and continue to do so under new alias.

[desticy]

Personally, I am not at all.
I lost money through my own stupidity, carelessness, and so on, but I am glad that I have never invested in a scam.
Although there were times when I sent them to the wrong network.

[aemma]

This issue of scams is one hell of an experience, and most times you can hardly tell on which project that will exit scam or the one run by scammers. I think remember there was a project whose team were active, working hard and so on, the project got listed, a little working products and the price was good and as with some projects, the team started paying less attention, and gradually left the project or exited scam. Actually cases like this, are somewhat frequent which is why a lot of people hardly holds most new coins for long, they always dump and watch from the sidelines to see how far the team can go, this will make them evaluate the project and decide if it's good for long term or not.
Also, one need to be very careful of those who hype new projects, a very good number of them don't always last, because once the hype fades, the project dies.

[Cleanjob]

There are lots of scammers in crypto industry. I cant remember how much i have given these scammers but the more i give them , the more i grow strong and more wise. Majority of the new project that floods the market often end as scam .  Its just like playing game , its not easy to come across genuine project nowadays . I will only advice newbies who want to invest in crypto to get investment advisor to prevent them from losing too much money to scammers

[cunguks]

I am sorry for what happened to you in the past. I have never invested in an ICO but I prefer to invest in Bitcoin and Ethereum where the coins are proven to be profitable and avoid fraud.

You are lucky to choose the right asset for your investment. bitcoin and ethereum will be very safe for the long or short term.
I myself did not participate during the popularity of the ICO. but I followed on binance IEO. the requirements seem very strict as you have to be a ticketed BNB holder to take part in the IEO.
from there I did not lose

[MUG1WARA]

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.

Have been done this road a couple of times, I think even with doing all the research a project might likely turn out to be scam if the owner is not an honest person, I think almost everyone in crypto have also had this experience, nothing is too sure in crypto especially when the team is Anon.

especially rug pulls in uniswap and pancakeswap. We just don't call them ICOs anymore.

This happens frequently now, especially on pancakeswap rug pulls news are all over the place, safe to say that 80% of all the bsc projects are shitcoins.

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).

It's probably cumdogerocket  

[Insomnia family]

It's probably cumdogerocket  

I personally also had a similar case but not with cumdogerrocket but with Poosi coin, mozik coin and Cryption Network. they are on the BinanceSmartChain blockchain. some of which are coin memes that Dev left behind and are very concerning while stuck in RUG . it was a bad experience though not in bulk.