Is it possible to avoid all scams?

[Beparanf]

I usually report this thread because this is a soft shill for Checkdot project but I don't to reduce my report accuracy so I will just leave a comment here. The OP or the PR team of that project should just create there ANN thread and post this kind of discussion there. This is very unfair to other project that limiting there announcement or discussion on a single thread. I observe that many newbies are doing this indirect shilling since last week. I admit that this is a good strategy but this unfair by tricking user by introducing a topic related to the project then shill the project like they really don't know what's they are doing. I'm starting to doubt about the credibility of this project for doing such a cheap trick.

[gurunanakji777]

Its impossible to get rid of scam projects even I never heard about checkdot project. It depends on your experience and knowledge to avoid getting scammed to some extent but one can not be always right to choose the project. We all learn by experience and by devoting time in the crypto market even we all have mindset that some of project will end up as a scam and most of us are always prepare for this but sometime we can understand by studying the project details or by reading whitepaper even some project don't have their whitepaper I don't believe in such projects so always do some research before investing if you find anything dicey don't buy or invest.

[Doell]

As for me, it isn't possible but you could always find ways to get rid of it. Doing a series of research would be an advantage and being observant and skeptical has an edge. Just keep in mind that not everything that we read on the internet about a certain coin is true so doing follow-up research is still necessary.

However, we must be careful in reading the information about coins because not everything on the internet is true,
doing research will always be important even if it takes time,
The most important thing is that we must be able to sort out which is credible information and which is hoax information

well therefore we prevent others from being scammed with by discussing each other in forums and exchanging information and researching each other then scammed can be avoid ,scammer is a smart person also they are smarter in making their project display like real so sometimes it's really hard to check personally

[dimonstration]

Its impossible to get rid of scam projects even I never heard about checkdot project. It depends on your experience and knowledge to avoid getting scammed to some extent but one can not be always right to choose the project. We all learn by experience and by devoting time in the crypto market even we all have mindset that some of project will end up as a scam and most of us are always prepare for this but sometime we can understand by studying the project details or by reading whitepaper even some project don't have their whitepaper I don't believe in such projects so always do some research before investing if you find anything dicey don't buy or invest.

There's a way to avoid all scam. You just need to invest only on those project that is proven legit and never risk and tempted to invest on shady startup project that promising a too good to be true goal. Not to brag but I never got scam by those shady project investment scheme since I never invest on ICO unless they are backed by well known trusted project like Binance.

The common problem of newbie trader on why they are keep being scam is because they are greedy and choose to risk on shady mediocre project just because someone they know or they saw a famous influencer promoting this project that promise astronomical profit if they invest.

[tarable]

I have participated in many copycat projects on Binance Chain，Many of my investments have been deceived, so now I have accumulated a lot of experience, I will check whether its contract is dangerous, and  check whether their community is active

Experience always teaches you many things and it is a very good teacher for everyone because everyone has different experiences in his life so whatever new thing you see, you must first check it very well.

[babygun]

There's a way to avoid all scam. You just need to invest only on those project that is proven legit and never risk and tempted to invest on shady startup project that promising a too good to be true goal. Not to brag but I never got scam by those shady project investment scheme since I never invest on ICO unless they are backed by well known trusted project like Binance.

The common problem of newbie trader on why they are keep being scam is because they are greedy and choose to risk on shady mediocre project just because someone they know or they saw a famous influencer promoting this project that promise astronomical profit if they invest.

It is impossible to avoid all scams even if you have a lot of experience. Yeah there are signs that you can tell that some projects will become a scam but avoiding it all costs is not so easy as you might think. It is not because a projects is listed on Binance that it is legit. They already listed multiple projects that later on became a scam.

[Teknisi88]

Cryptocurrency is very unstable, and many trading platforms available today are not quite well-established. Many exchanges don't provide any insurance, so you can lose all your money.
In the midst of the increasingly popular Bitcoin and other crypto assets, crypto scam or fraud mode became increasingly widespread.
Not a few people are victims of fraud.
Many kinds of fraud mode carried out by fraudsters include phishing, exchange that has not been regulated and so on.
So before you register with any Exchange Crypto, you must read their terms and conditions carefully.

[pabloangello]

Its possible to avoid scams if you are buying only very strong projects that have history, big teams, already billions $ of marketcap etc.
Its impossible to avoid it if you wanna be an early adopter and searching lowcaps to invest. Thats way diversification is so important.

[israt1@]

I don't think it is possible at once. Because there are some people who do not do any good deeds and just go to bad deeds. There are good people among us as bad as there are. So some people are busy planning to scam them in their head. They also use the update method as everything is updated Only our own research and caution can protect them from them.

[Jackl87]

Do you think it is possible to completely get rid of scams?

Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?

What do you think, is it possible to somehow get rid of scams among crypto projects?

Even with a system like CheckDot has it i think you can never be 100% safe of scams in the crypto world. You could just buy a positive assessment on CheckDot for example, of course this would mean that some team member of CheckDot would have to be acting illegally but that can happen too. I would say if you want to be as safe from scams and rug pulls as possible then you should probably only invest into already established and big projects like Bitcoin and Ethereum as there won't be any rugpull ever anymore. And of course the first rule for investing into crypto is always: Only invest money that you can afford to lose.

[RankerCan]

As for me, it isn't possible but you could always find ways to get rid of it. Doing a series of research would be an advantage and being observant and skeptical has an edge. Just keep in mind that not everything that we read on the internet about a certain coin is true so doing follow-up research is still necessary.

Crypto market is full of scams and irony is that there is no absolute method to avoid these scams. We can minimize the risk of getting scammed by doing research (very serious type), there is no other method. Even there are people who invested in projects after doing weeks of research and the project turned out to be a scam. You can read or post about the coin you want to invest in here, read what senior members say about that.

[Smitty Werben Man Jensen]

I really hope there is a platform or project to certify a project, because if a new project runs and gets the certification,
I'm sure it will make investors enter easily, for now I still appreciate what Certik has done, it's amazing.
but unfortunately certik only certifies or audits the supply of the token.

[kobe24]

You can avoid scam projects by searching on the project you want to invest a trusted team is a good way to tell if the project is legit

[7788bitcoin]

I really hope there is a platform or project to certify a project, because if a new project runs and gets the certification,
I'm sure it will make investors enter easily, for now I still appreciate what Certik has done, it's amazing.
but unfortunately certik only certifies or audits the supply of the token.

Unless and until it is a government body you cannot trust these certification body as well. In the past there are plenty of review sites and initially i thought they are reviewing the project and the team before vouching for them, but that was not the case, they pay them handsomely to advertise their project and they shill the project and after raising millions they would run away with the money.

There is nothing much you can do to avoid the scams in the cryptocurrency space. Invest in the team that are willing to conduct live video AMA and if you are transparent then you can invest in them.

[Review Master]

What do you think, is it possible to somehow get rid of scams among crypto projects?

Not possible to get rid of scams in crypto space. Recently one project scammed a lot of investors although project was having solid concept and did the kyc. But team just deleted all social medias and disappeared after collecting million dollars. Not only this, many successful projects also rugged pull after doing IDO. So none knows when team will rug pull the project.

[freedomgo]

As for me, it isn't possible but you could always find ways to get rid of it. Doing a series of research would be an advantage and being observant and skeptical has an edge. Just keep in mind that not everything that we read on the internet about a certain coin is true so doing follow-up research is still necessary.

Crypto market is full of scams and irony is that there is no absolute method to avoid these scams. We can minimize the risk of getting scammed by doing research (very serious type), there is no other method. Even there are people who invested in projects after doing weeks of research and the project turned out to be a scam. You can read or post about the coin you want to invest in here, read what senior members say about that.

Crypto market scams will always be inevitable and so there are still no perfect ways on how to combat them, we just need to do more diligence in making researches because its the best way so we can prevent from being scam. But there are still instances that even how well you prepared for that project and even have sleepless nights from doing researches, but at the end of the day, the project just only happen to be a scam. Maybe let's just accept the fact that scamming will be here for a lifetime, and so we need extra efforts to avoid scams as much as we want to.

[South Park]

Do you think it is possible to completely get rid of scams?

Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?

What do you think, is it possible to somehow get rid of scams among crypto projects?

Yes and no, if you take the safest approach which is to invest only in bitcoin and then when the moment comes for you to use a service like and exchange, casino or some other service you do your due diligence, I will say that your chances of reducing the number of scams to a minimum and be close to zero are very high, however if you want to invest in unknown altcoins and use new services without a reputation then even if you do your due diligence and use external review sites then this is not something you can do, as the number of scams in this market is huge.

[vv181]

I usually report this thread because this is a soft shill for Checkdot project but I don't to reduce my report accuracy so I will just leave a comment here. The OP or the PR team of that project should just create there ANN thread and post this kind of discussion there. This is very unfair to other project that limiting there announcement or discussion on a single thread. I observe that many newbies are doing this indirect shilling since last week. I admit that this is a good strategy but this unfair by tricking user by introducing a topic related to the project then shill the project like they really don't know what's they are doing. I'm starting to doubt about the credibility of this project for doing such a cheap trick.

Yea, it is maybe an engaging strategy, but it's far to be called a good strategy. The project makes me irritate, honestly. The idea sucks and it won't stand a chance nor scale further. I tricked on another post, I thought that the user genuinely asking, but they are all shilling it.

Some might argue that there is no bad publicity, but the way the so-called-preventing-scams project, using the marketing campaign who is like most of the known shitcoins and scams project, really tells what is the project all about.

[terrorJR]

This kind of thing is impossible to do. after all, fraud and cases of theft will continue to exist forever because this is something that will exist because of human nature.
as long as they are greedy and evil things like this will continue to exist.
on the other hand human attitudes like this will always exist.
maybe for someone who wants to change, they can certainly but on the other hand there is a proverb that says one dies grows a thousand and things like this also apply here, those who are eradicated by one person will come another scammers.

[OrangeII]

what kind of assessment do you mean?
there are so many sites that judge blockchain or cryptocurrency projects, but they only judge based on the completeness of project, team, and other information. however, there is still huge potential to be a scam. even, looking back at some projects, such as Centra, even those projects have been successful. however, due to some irresponsible people, the project is now labeled as a scam project.
What I mean to say is, it's very difficult to get rid of scammers or avoid them if these people have real intentions to scam their investors. the only thing that can minimize this is to find out in-depth information about the project with the standards we have. You can use information sites about crypto to see their social media, white papers, and more. read it, find out for yourself about how active the team is in developing the project.