How to spot an investment scam

[KingsDen]

I have learnt my lessons, though I learnt it in a hard way. Scams are very easy to avoid only if you apply the following;
1. Remove greed
2. Avoid free money, there is no free money anywhere. You must see yourself doing something intellectually or manually before you earn. Say no to send your money an errand to work for you.
3. Don't trust anyone. Just assume that any unknown person approaching you is a scammer unless proven otherwise.
4. Don't accept pressure. If $100 can give you $1000 in 2days time. It means if I want to delay till 1yr before I invest, the condition should remain same.
5. Learn to control your investment yourself.
Thanks!

[cryptoaddictchie]

You don't have to be naive, believing that someone has suddenly decided to give you some of their money.

Its kinda hard to approach projects actually, so my suggestion is more of a path where someone can only look on the bright side. Of course we do need to be cautious, hence its part of our due diligence to identify those scam projects, why waste time on finding scams instead doing a good research for potential ones. If you are investor, then youre looking for gems, Im sure youll so everything to find a legit one instead looking for a potential project right. Anyway, Im more on looking on something I will invest not a scam one that I will easte time to avoid too.

[Cookdata]

Scams are simple to avoid, and the best and safest way to do it is to keep your eyes off quick money. Quick money will not only get you into trouble, but it will also make you lazy and unwilling to do your own investigation.

[john_nautica]

You will not be able to spot them easily. You need to understand first what is the project and how does it work, of course they should have a whitepaper where all the details about the project is included and as an investor you need to understand those and by reading it alone you will see how the investment works, what happened to their end and of course you will find some shady or skeptical things and if they have those things they are not yet a scam but a skeptical one and should stay away from it as soon as possible.

It's better to stay away to some skeptical investment project rather than wait for it to become a scam.

[vanessacummings]

The best way to stay out of scams is to have only legit connections. Scammers usually reach out to their targets through ads, reviews, and tempting yet unexpected offers. As a trader, you need to know what is too good to be true. And always consult someone who has knowledge in trading.

[Bollexz1]

Matter of fact, scam offers the highest ROI, the type of ROI that gives doubt, and that's basically ponzi. Learn to fight your greed and always DYOR to the extent of clearing your doubt before putting your money on any project.

[tvplus006]

Matter of fact, scam offers the highest ROI, the type of ROI that gives doubt, and that's basically ponzi. Learn to fight your greed and always DYOR to the extent of clearing your doubt before putting your money on any project.

Now the scammers have become more sophisticated. Yes, now many ponzi schemes are veiled under projects that provide liquidity with their high interest rates. And most often, a coin is used for settlements with investors, which depreciates at a high rate, and the profit received from farming does not cover losses.

[Eureka_07]

I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you.

I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again.
Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing.

[Taskford]

I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you.

I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again.
Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing.

Most of those scams offered a to good to be true profits nor saying you can earn forever with them and its so shady for seeing this since we can determine that this is a red flag already. And we need to avoid any such of those and always verify on what is the source of their payout and to see if they are sustainable, if they are paying thru the new payments of their investors then its a ponzi scheme then we should avoid it since its automatic scam.

[Piggymonster]

I don't have any experience yet but this is actually pretty good. Although it is hard to determine a scammer since they are very skillful like it's too good to be true but for me this thread is still helpful. It can guide users who are unexperienced like me.

When investing we should always think twice and analyze the person whom your investing for to avoid being scammed. We should not take risk because we might fall down. We should be careful and i hope on my first investing, i won't get dragged down by these filthy scammers.

There was a time I tend to skip the "analyze the person whom your investing" part specially it was my sister and close cousin whom i was dealing with. I fully trust them that they won't let me down and guess what, they let me put up money to an investment scam. Lesson learned, always be skeptical, even it comes from family, always do your own research. If it seems to good to be true, then beware. It is surely a scam.

[The Cryptovator]

I have said it many times we can prevent and spot scam just by using our common senses. It is not really a hard task to sport basic scams because they all are like high returns, double money, and free giveaways. So here is common sense to detect it. A few scams need to be detected by experience and skill as well. For example ICO scam, you need to have the skill to detect such as scams and this is not an easy task at all. At the beginning at least we have to avoid basics scam and day by day we can improve ourself to prevent big scams.

[Piggymonster]

I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you.

I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again.
Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing.

The widespread use of social media  gives opportunities for criminals to to do their dirty work because they can hide their true identity. From my experience, I got a lot of offers in telegram to invest in their company and promises higher returns. Some will ask my wallet ID and  they will do the trading and will return my money after 24 hours plus profits. They keep on calling and it is so annoying.  The people who makes promises are scammers so careful on that. Just do your own research and think a million times before investing.

[TimeTeller]

I'll go with a simple answer, if it's too good to be true then it's an investment scam. All the exposed investment scams have one thing in common which is the mouth watering offers they use to decieve their victims. Simply overcome greed and you have avoided 90% of the investment scams out there then improve on your knowledge about the industry. Don't stay ignorant as that doesn't help matters, always keep yourself update as some investment scams comes with moderate promises as well. The only advisable way to invest your money is to do it yourself don't trust anyone or platform to do that for you.

I've seen a lot of these scams specially in Telegram when I was just starting in crypto things. Left and right, there has been lots of promises that has been done just to deceived the innocent victims. We should be aware on how they works so we will not become a victim of their scam again.
Contrary, recently, there have been really good investments that I thought are too good to be true, but are actually worth investing in. Like these blockchain games where you can earn by just playing.

The widespread use of social media  gives opportunities for criminals to to do their dirty work because they can hide their true identity. From my experience, I got a lot of offers in telegram to invest in their company and promises higher returns. Some will ask my wallet ID and  they will do the trading and will return my money after 24 hours plus profits. They keep on calling and it is so annoying.  The people who makes promises are scammers so careful on that. Just do your own research and think a million times before investing.

You can always block those persons or report as spammer if you want them to stop bothering you.
Don't be tempted with high returns because more than likely, it is just a bait.
This is the reason why a lot of newcomers are being screwed because they are after for quick gains.
But they ended up losing funds because they are investing either on scam or ponzi scheme project.
Also, make sure to do a quick search because if the project is a scam, there will always feedback (negative) that you can read about them.

[Coyster]

The best way to stay out of scams is to have only legit connections. Scammers usually reach out to their targets through ads, reviews, and tempting yet unexpected offers. As a trader, you need to know what is too good to be true. And always consult someone who has knowledge in trading.

The thing is, you prolly don't need any "connections" or so called "trading experts" to avoid being scammed, on the contrary, people have been scammed through acquaintance they made on the network, cause if you're not careful about the personal information you give out, notwithstanding how legit the acquaintance seems to be, then sooner or later, you'll run into scammers and lose your funds to them.

Having said that, in my opinion, what remains the best way to avoid being scammed is to do your own research into what the modus operandi of scammers in the network is, thus you'll be able to identify when scammers are trying to use it on you, you'd also have to keep your avarice in check, and also understand that really the things that look too good to be true is indeed untrue.

[Peanutswar]

Investment scams mostly favourite those taglines like they

• Can double up your money in just a single week,
• All of the investment is safe
• This is not a scam
• Allowed KYC to make a withdrawal
• Requires a referral system to cashout
• Easy money

Many people getting baited even though its already a trap or scams still the best idea is to keep ourselves and others aware of the possible different scams. We can see them like earning now but as long they already get the amount they got they can now disable their platform easily.