Is it possible to avoid all scams?

[tokyohd]

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.

You are right, scandalous projects promise good lucrative profits, which is enough to fool even the experienced ones. So to avoid scam projects we must analyze the project well before investing.

[otundebis]

It is impossible to get rid of scam but it is possible to avoid scam projects. The flip to that avoidance is the limited opportunities! The bigger the risk, the bigger the reward! If you limit yourself only to bitcoin and other established altcoin, you may notake more money in cryptocurrency or the time at which you get return on your investment will be long!

[WalkerIVIV]

Avoiding it is rather easy to be honest, you just dont invest into something that offer unrealistic return of investment because thats what they usually use to try lure greedy victims into their hand and rob them off their money.The reason why so many has fallen to become victims of unrealistic investment is because the victims themselves also gets too greedy that they can’t think rationally and started to invest randomly and as a result most of their investment become a big failure because they always try to get the biggest return of investment while we all know that such investment usually is out of logic and is simply just a dream. If any, it’s just those scammers.Only invest in a legitimate tokens or coins so that your investment will be safe, its better to get lower ROI than losing all of your money.

[Natalim]

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

we can't avoid them but not stop scammers as they still find a way to succeed. if we are too careless and do not even help ourselves to do research before investing or that because someone suggested, I can really imagine of losing.

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?

Honestly, I was not familiar with this project but I have no intention to dig this deeper just to know if that is a legit or a scam thing. You have to check this thoroughly and don't get tempted with a huge offer because this is the common market offer that scammers do in order to attract investors.

[imteaz]

You can not avoid scam, it will happen to you soon or later. I was very be careful and I got scam twice and lost couple of Ether because of that. So i know lots of people face same problem with crypto, it mostly because those coin creator can easily hide their identification. so none will be able to catch them.

[mamesso]

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.

What do you expect from shitcoin. New coins listed are not yet fully tested in the market, so the risk is very high. Greed and ignorance can make a person lose everything. Now how do you feel after losing 3/4 of the value of your investment. To avoid the risk of loss, you can invest in coins that perform well over time.

[Rocky993]

There is no single solution to this, you just have to maintain your due diligence.  Even if the platform works, it shows that you still rely on the other party to decide which is 'valid' and which is not, which is certainly not the norm.  Getting rid of scams is extremely impossible.  But prevention strategies can.  Many newcomers are being cheated so how do you plan to help them.  Complete guidelines, reminders and all warnings.

[el kaka22]

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.

I do agree that if something sounds too good to be true then usually it is just a pure scam. I agree that there is a good chance that all those big name high level things end up not being such a huge deal back in the day, so it is clear that it doesn't have to look great, it needs to just look like it has potential and it is being worked on and if it is worked on decently then I would have to imagine that something should look like it is a big work in order for it to be good.

Think about it this way, ADA is very long term thing and when it first started it didn't look like there is nothing happened for years, then we end up with something that is great for a while, why? Because it was something that is risky at first and it was a big problem if they failed doing something then it wouldn't even be here and it would fail long time ago however it didn't pan out that way and they actually made it work for something.

[abralzain17]

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?

I think it's impossible to get rid of a project that is likely to deceive a lot of participants because we don't have the capacity. but to avoid fraud I think there are still many ways, namely by analyzing a project and doing further research.
The point is that every project that deceives many participants should be reported to the rightful party (the moderator) in this forum.

[LogitechMouse]

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

Yes if all of the investors will not let themselves to get scam.
Unfortunately, this will just happen in our dreams because there will always be investors who will fall into different types 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?

Well, this thread is just an advertisement thread after all .
Getting rid of scams in crypto space isn't impossible but with what we are seeing, I don't think that it will happen and many are thinking of that too.
Scams will always be there whatever happens. On the other hand though, scams will be eradicated if "all" of the investors will not fall into scams. I quoted all because I want to emphasize that all of us must learn and research before investing in order for us to not fall into the scams out there.

[BayAngelo]

it is impossible but i will advise having separate wallets. you can create a special wallet for holding ethereum and tokens you trust that will do well. this is my suggestion. try as much as possible to have a wallet that does not interact with dapps. a wallet for storing long term projects. for all chains. for whatever platform you have your funds inside. make sure you have separate accounts.

[Kadal Ijo]

It's very difficult to distinguish which projects are real and scams, I've tried my best to invest in promising projects, but still get scammed, I think this is a risk, an opportunity for big profits if you meet a good project, there will always be a scam project.

[bonyaserg]

In my opinion, it is very difficult and problematic to get rid of scammers, since the world of the cryptoindustry is very large and every day a lot of projects enter the market. And it is very difficult to track them down for fraud. So for the future, you can only be very careful and in order to participate in any project you need to fully study all the information and only then make a decision to participate.

[Finestream]

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

Yes if all of the investors will not let themselves to get scam.
Unfortunately, this will just happen in our dreams because there will always be investors who will fall into different types 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?

Well, this thread is just an advertisement thread after all .
Getting rid of scams in crypto space isn't impossible but with what we are seeing, I don't think that it will happen and many are thinking of that too.
Scams will always be there whatever happens. On the other hand though, scams will be eradicated if "all" of the investors will not fall into scams. I quoted all because I want to emphasize that all of us must learn and research before investing in order for us to not fall into the scams out there.

As long as investors are not fully equipped with knowledge, then expect that scams will always be around. But i must say that it can somehow be avoided if all investors will tend to be cautious before they decide to make investments. And because of that, there should be a series of deep researches first so we can check if those projects are real and legit, or they only seem legit at first but at the end of the day, it turned out that they are big scams.

However, i also believe that  scammers too are more brilliant than investors. In most cases, they are always ahead of us in some aspects even if we know we are brilliant and wise enough, scammers in the real sense are even more brilliant and wiser than us so they can easily deceive people with their improvised tricks.

[Snappycoco]

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?

If there's a regulatory body that would regulate these projects, then yes it could be get rid. Added by teaching newbies how to spot these scam projects. However, the first solution isn't applicable as theres no Police power that enforces a sanctions to those scammers. So yeah, its probably the spread of information on how to spot scam that could end it.

[tabas]

I think it will be very difficult to avoid scams, moreover, scammers will have many ways to be able to reap profits in their coin investments, especially their victims are beginners who still lack knowledge about crypto. 

That's right, they're tricky and smart as well that's why we have outsmart them and be aware of all of their tricks. Once they've seen another tactic to scam people, they'll do it repeatedly and the cycle will go on.

So my advice is that we always research every project that we will participate in so as not to get caught in their scam game.

It's important that you will do something such as researching before you entrust them your hard earned money as you invest to their projects. Not all of them are worth our trust.

[coin-investor]

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?

We can only get rid of scams if we are educated enough to look if the project is legit or not, developers are always updating and always threatening the investment community, about that project checkdot you've mentioned this is a unique project meant to trace bogus and legit projects, I would love to see it's use case and it's platform, so far they are transparent enough by posting the distribution and their lock time

[DoublerHunter]

~snip~

We can only get rid of scams if we are educated enough to look if the project is legit or not, developers are always updating and always threatening the investment community, about that project checkdot you've mentioned this is a unique project meant to trace bogus and legit projects, I would love to see it's use case and it's platform, so far they are transparent enough by posting the distribution and their lock time

^ Following them their announcement is the best way to know which project is good, if they keep updating those updates you can simply determine that you are not in a scam project. There are too many factors to consider before you can prove to them that they are not a scam, just also avoid hype projects that are usually very common now, they are going to hype projects and then leave when the project cannot recover their losses. But why you will choose those new projects altcoin? We have BTC that has already been proven.

[Lanatsa]

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?

You wont really get scammed if you aren't making yourself to be greedy because this is something the main reason on why people do make out decisions into certain extents just because they are really
doing on whats up into their mind.

As long you do have that common sense in mind then you would most likely able to avoid all possible scam attempts and proudly saying that I haven't experienced on getting
scammed or fall into some fraud.

Just do your own research on something you are tending to engage on.if its looking suspicious then quit it.

[Yamifoud]

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

That word completely get rid seems impossible knowing the situation that not all are aware of this or even they are but they still fall into scam tricks because of greediness.

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

it is personal, we can't touch others' life and help them to avoid investing in scams because, in the first place, they know what they are doing but never helped themselves. We can't rid these things out of crypto and in fact, it sometimes happens that even promising projects will turn into scam (exit scam trick). They will still exist no matter what we do and that is why we should be careful and do searches first before investing.