Is it possible to avoid all scams?

[xSkylarx]

Many novices will be deceived because they are inexperienced. But there are also many experienced people who are deceived, because people are greedy by nature, they will confidently think that no one can deceive them, and some scammer projects will be very mature, so that people can't see the goodness of this project. Bad. Many people believe it and lose their money. We can only be more careful when investing and don't trust anyone lightly. Don't be too greedy.

Not also greedy but trusting people that is why those experience one get scammed because they listen to the people that they trust to do this or invest to this and that. It is really difficult to avoid scams if you dont do research thats why almost all of us saying that we should do our research before investing since it could detect a potential project or avoid it since we done our research . Experience will follow over that time. The key is to find valuable information about that project

[bakasabo]

I think that is impossible to avoid every scam. Scammers are to creative, people are too greedy. One can not exist without other. One spawn other. But the only possible way to avoid being scammed is not to use cryptocurrency at all.

You can analyze project million times., you can do as much research as you want, you can examine team, whitepaper as much as you like. If the project wants to scam people, they will find the way to do it.

[DapanasFruit]

The best and the most effective way not to be scammed while playing in the lucrative cryptocurrency industry is to never be involved here. There is just no way to 100% determine if a project can be a scam or not though of course there are ways to minimize your possible exposure to them. And yes one can subscribe to an assessment system if what you are involved with can possibly just evaporate and run away with your money. Scams are always present in any industry and what we are seeing here in the crypto industry is a great explosion of them all because it is now so easy to make a project, pretend to be legit and fool people over and over again.

[jeungo]

According to the theory of probability, to exclude the likelihood is already being held hostage to someone's beliefs. Anything can happen, but at the moment the prerequisites for such a probability are extremely small. I think that without a strong informational occasion, it will be impossible to create a wave of ruin.

[masulum]

-snip-
Maybe let's just accept the fact that no one can't get rid of those scams happening all over again. But we can prevent it from occurring so often so we won't always be losing our funds.

exactly, we can do prevention with several ways. this is just a basic ways,


Individual:
- Don't believe in investment offers from strangers
- Don't believe in doubling money
- Do not believe if they offer help let alone ask for a private key.

Project:
- Choose IDO/IFO/ICO projects on a trusted platform and have a project portfolio with strict conditions
- Avoiding APE in anonymous projects
- Avoid influencers you never know in real life

Exchanges:
- Use the exchange that is used the most by people around you, that's enough. don't make too many exchange accounts. because you indirectly reveal your identity in various places.

[Kodok Bencot]

Currently there are too many scam projects, even they are officially registered on coinmarketcap to exchanges such as Pancake Swap, of course it is difficult for us to avoid all scam projects and I have often been scammed from new projects, usually they pump high and then they slowly sell the coins or tokens they get have and immediately leave when it is no longer valuable.

[uelque]

Actually, there are a lot of platforms in crypto that might help people or investors to somehow avoid scam or limit the chances of being scammed by analyzing the source code or the solidity code of a certain token. Most of them are like platforms that gives certification or auditing platforms, launchpads and etc., that truly evaluates the chances of a certain project to be a legitimate one.

But still there is no guarantee about that matter. You still must do your own research to avoid scam. You should not fully rely on platforms I have mentioned because there are still times where the devs. are pros to the point that they can manipulate the contract and gain access on it. And no one can really tell who can and who can't do such things. But online platforms that analyze the tokens really are a big help, especially those who are well known by crypto investors.

So to answer the question, yes it is, through the help of all available platforms online and with your proper research you can avoid scam.

And I think the main reason why people are being scammed is because, they choose to get scammed. Not doing proper research, taking risk on projects even if they already knew in the first place that there is a high chances the devs. might run away. One example are people investing on memes, with no real usecase and anonymous team.

[Wahyuihib]

No one can predict the course of a coin if influential people have spoken. just like Dogecoi.was exposed years ago, this coin is underrated. but what happens now? everyone wants to have it. so is the case with Shiba. who will know about the fate of this coin

[fullhdpixel]

Actually, there are a lot of platforms in crypto that might help people or investors to somehow avoid scam or limit the chances of being scammed by analyzing the source code or the solidity code of a certain token. Most of them are like platforms that gives certification or auditing platforms, launchpads and etc., that truly evaluates the chances of a certain project to be a legitimate one.

But still there is no guarantee about that matter. You still must do your own research to avoid scam. You should not fully rely on platforms I have mentioned because there are still times where the devs. are pros to the point that they can manipulate the contract and gain access on it. And no one can really tell who can and who can't do such things. But online platforms that analyze the tokens really are a big help, especially those who are well known by crypto investors.

A lot of people do not understand the amount of research they need to do and that is why there is a big problem with the research problem. There is a good chance that we are talking about probably at least a week of researching something before you should join it, you need to know every single detail about it and that's how you make a profit.

However a lot of people check the website, check twitter, check telegram of it, ask a few people and then jump into things and call it a research. You are right that with right tools they could definitely invest into things but that doesn't change the fact that they are not using it right, even though they have those tools, they end up just looking at things for a few hours, maybe 1 day max and then they invest into them.

[BayAngelo]

the best way to stay away from scam is to invest only on BTC and ethereum. you can also choose the first 100 tokens on popular major crypto websites. that is the only way to stay off scam tokens. apart from that, the market is fill shit tokens waiting for your money. over 70% of the crypto market Is saturated with scam tokens. always do your research before investing.

[kawetsriyanto]

To avoid scams is a difficult thing, but we can minimize the chance to be scammed. Scammers are getting smarter, they make their projects look promising. So, we are a bit hard to differentiate between real projects and fake projects. However, there should be a way to know the fake projects. By learning the projects in detail, we can check some indicators to ensure whether it is a real one, not.

[TimeTeller]

To avoid scams is a difficult thing, but we can minimize the chance to be scammed. Scammers are getting smarter, they make their projects look promising. So, we are a bit hard to differentiate between real projects and fake projects. However, there should be a way to know the fake projects. By learning the projects in detail, we can check some indicators to ensure whether it is a real one, not.

We can't really avoid seeing scam projects but that's right, you can minimize or avoid yourself by being scammed.
I guess, a lot of us at one point has been screwed by a project. Even if they are not scam, either they are not successful with their goals or they just stop the project.
So venturing into new projects is really a high risk. But if you want a better assurance, you can always look at the established coins with active application.
If by chance, you happen to encounter a new project using fake profiles. That is definitely a red flag in my opinion. Better stay away from this project.

[adzino]

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?

So is CheckDot another token/cryptocurrency which investigates if a project is a scam or not? The project itself sounds like a scam project to be honest (no surprised they are on BSC). How are they going to verify if a project is a scam or not? Why do we even need them? If someone is investing in a project, he should do his own research and see if there are any red flags or not. And then there are also many auditing services that let you know if a project is going to be legit or likely going to scam everyone.
And no. No projects will be able to get rid of scams. Scams are here to stay. You just have to be careful.

[wheelz1200]

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?

Use your brain.  If something sounds too good to be true then it is!  Greed is the reason people get scammed.  Greed has been around forever and so will scams preying on Greed.  So the answer is no but you can avoid them by just not being naive.  Use your head.

[mamesso]

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

It is absolutely impossible to get rid of scammer in cryptocurrency, they continue to grow like parasites that unsettle crypto user. They always promise high returns and unrealistic lure are still their weapon, and will usually end in the loss of investor funds.

Traders should already know how to avoid cryptocurrency scam. The two things that cause many people to be deceived are ignorance and greed. Investors must be selective in distinguishing which investment programs are valid, and schemes that smell like scam. An alternative way to avoid scammer is to know the proper initial steps.

[19Nov16]

Since October I invested around $800 to buy new listed coins, unfortunately many of the new listed coins that I bought now dropped and I lost more than 75%, this is of course an important lesson that we shouldn't be too easy to buy coins because many are scams even though Initially the pump was big.

[Dr.Osh]

Since I joined this forum, there have been many topics like this and there has been a lot of effort in the forum and out there to identify fraudulent projects. but these efforts are still not maximized because there are still many fraudulent projects hanging around. I think fraudulent projects are constantly upgrading their methods of attracting investors, this is what makes it difficult to identify them day by day.

a lot of people are discussing it because a lot of people are very annoyed with scammers. well, it's a digital crime, so I think it's also always evolving and adapting to current circumstances. So, people ask how to get rid of it.
however, the most effective way to get rid of it is to improve our quality as potential investors. that way, we can choose a more convincing investment than choosing a potential scammer. although that's not 100% getting rid of it, but I think, for yourself, you are more likely to choose a project that actually develops the project over a scammer.
however, getting rid of a scammer is to find an oddity in the project and share information about it on this forum, or on social media. that way I think the scammer will disappear. although that doesn't guarantee whether they will come back or not.

[haasanjui]

No! Because there are many types of scams you can't think or even predict methods of scams. Scamers are expert to make new ideas and ways to scam innocent people. If you make fail one scam they use another method or its going on...

[alisonwonder]

No! Because there are many types of scams you can't think or even predict methods of scams. Scamers are expert to make new ideas and ways to scam innocent people. If you make fail one scam they use another method or its going on...

Crypto scammers do not have a permanent job other than thinking of new ideas to deceive people and also creating new ways so that they can freely carry out their work in the crypto space without guilt.

[Al Qiyamah]

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

In order not to be trapped by a scam project, it can actually be minimized, although it cannot be completely avoided, but taking anticipatory steps is much better. Even experienced investors can be fooled. Usually, many scam projects promise lucrative profits, so don't be easily influenced. continue to investigate whether the project and the team's performance are developing in a healthier direction or not. if not then better leave it alone.