Is it possible to avoid all scams?

[velive08]

I Don't think getting rid of Scams is Easy, But to avoid fraud we can still do that by being careful in doing so, whether it's investing in Cryptocurrency or being a Participant in an ICO Project.

[armanhusni]

The short answer: of course is that scams cannot be avoided. Wherever there is money, scams take place "unfortunately, such things happen even in families".
In my experience, I know that the more clearly a project tries to prove that it is not a scam, the more suspicious it is, so I will stay away from the project you are talking about.

[Smitty Werben Man Jensen]

With so many projects nowadays, of course, it is difficult to avoid all scams, investors must have the courage to take risks if they are exposed to a scam and I think this is a good opportunity for us to dare to take risks by investing so that we have the opportunity to profit 10x or even more.

because of the many frauds carried out in the name of good projects, I think many investors are confused in determining the direction, not only other people, myself when faced with several good projects, I am sometimes confused in making choices. especially a new investor who has to spend their capital, of course anyone will feel anxious and afraid if there are many frauds committed.

It's been a long time since something like this made everyone restless and it was hard to get rid of it,
fraud will always have various ways and we do have to be extra careful,
maybe what we can do before joining the project is to do research and find information from various social media channels

[uneng]

I Don't think getting rid of Scams is Easy, But to avoid fraud we can still do that by being careful in doing so, whether it's investing in Cryptocurrency or being a Participant in an ICO Project.

It's impossible to get rid of scam, they will always exist. But you are right regards avoid being scammed if you a careful investor. An investor who sticks only with bitcoin, few legit altcoins and take all the security protocols at his disposal is very likely to never be scammed. Although the same can't be told about the investor who is constantly looking for greedy earning methods and offers promoted on the internet.

ICO projects' participants aren't protected against scams also, because the bounty hunter job is all about the risk of not earning anything for the tasks done after weeks or months of personal effort and time invested, since hunters never know how much they are going to be paid in real values due to being paid in apparently priceless tokens.

[Wong Gendheng]

Everyone hopes that they don't want to be scammed, but this is impossible for us to avoid, all we can do is minimize being exposed to a scam, when I invest 25 new coins or tokens then about 15 will die and 10 will skyrocket up to 10x or more, but with profit from 5 tokens that skyrocketed to 10x, I was able to cover the loss of 15 dead tokens, and this is what makes me never afraid of being scammed.

[Beparanf]

Everyone hopes that they don't want to be scammed, but this is impossible for us to avoid, all we can do is minimize being exposed to a scam, when I invest 25 new coins or tokens then about 15 will die and 10 will skyrocket up to 10x or more, but with profit from 5 tokens that skyrocketed to 10x, I was able to cover the loss of 15 dead tokens, and this is what makes me never afraid of being scammed.

It depends on what coin you are investing. Not all coin that printing loss is a scam. Some of them are just underperforming that's why investors lose confidence. Maybe you are attracted on coin that has no fundamentals that's why you said that stats. Maybe if you purchase on IDO you might get scam but if you are buying only on reputable exchange such as Binance, There's only a small chance that a scam can enter there and you are aware of that since it will be controversial on crypto mainstream media.

[CryptoWebDirectory]

Getting rid of scams completely is impossible. However, I do think there are some things you can do to try and help prevent them. Just look at the stock market as an example. Almost any company can get listed on the pink sheets (penny stocks) and that is where you find many of the scams. For a company to get listed on a big exchange like the NASDAQ or S&P 500 they have to go through extensive background checks and present tons of company/financial documents for proof..etc. Because of that, fewer companies listed on those big exchanges will turn out to be scams (aside from the occasional ponzi-scheme that will have virtually everyone fooled).

It's similar in the crypto market. If you want to try and avoid getting scammed you need to only trade tokens which are on established centralized exchanges like Binance or Coinbase. These exchanges won't just list anyone and because of that, the tokens on there are more likely to be legit. That doesn't mean the occasional one can't slip through, though.

If you want to take bigger risks you trade on the decentralized exchanges, such as PancakeSwap/UniSwap/SushiSwap..etc. This is comparable to the pink sheets of stocks in my opinion. You're taking a bigger risk, but if one of those tokens eventually gets listed on a big centralized exchange like Coinbase, you are going to reap much larger rewards - just like a penny stock moving up to the NASDAQ.

Only trade tokens that on the large centralized exchanges (Coinbase/Binance) if you want to try and minimize some risk when it comes to being scammed. That being said, you'll be giving up the opportunity to have big potential gains if you were to get in on a token while it's only on decentralized exchanges (Uniswap/Pancakeswap/Sushiswap) and then see it move to one of the large centralized exchanges. All comes down to how much risk you personally want to take as a trader/investor.

[geegaw]

Everyone hopes that they don't want to be scammed, but this is impossible for us to avoid, all we can do is minimize being exposed to a scam, when I invest 25 new coins or tokens then about 15 will die and 10 will skyrocket up to 10x or more, but with profit from 5 tokens that skyrocketed to 10x, I was able to cover the loss of 15 dead tokens, and this is what makes me never afraid of being scammed.

I understand this formula of mutual compensation, instead of being afraid of a fire and avoiding it, we should rush in and extinguish it with all the water we have, create more conditions to escape the fire and protect the rest of the property but whatever this option is, the fire still has a high risk of breaking out and causing more damage and can attack us due to our bravery. Scams are the game and rules of the cheaters, to perfectly avoid these people it is better not to contact and increase relationships, acquaintance and reputation will be easier to work

[barbara44]

It depends on what coin you are investing. Not all coin that printing loss is a scam. Some of them are just underperforming that's why investors lose confidence. Maybe you are attracted on coin that has no fundamentals that's why you said that stats. Maybe if you purchase on IDO you might get scam but if you are buying only on reputable exchange such as Binance, There's only a small chance that a scam can enter there and you are aware of that since it will be controversial on crypto mainstream media.

People do make the mistakes that leads them to getting scammed and they just never know that. There’s no way that you can put an end to scamming at all, even if you should capture all of them that are scammers in the world and lock them up, there will still be other people that will come out and continue from where they stopped and that’s just it. So instead of hoe to stop scam, we should be thinking of how to avoid scam.

I once saw someone that complained of how he was scammed a few times, and even at that he still never learnt a lesson and continued to look for strangers online to do business with. Such would put him in a position of getting scammed over and over again, because he has never learnt his lesson. Until he realizes the mistakes that he’s making and corrects them, then it’s not going to work out at all. Just like you have said, people should only make use of reliable exchanges like Binance.com, and when they decide to use decentralized exchanges, they should make sure that they are trading with that has proven to be trustworthy.

[liqidoxgen]

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

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

[bitgov]

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

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

It is not about the investment risk itself, because the risk in investing, and especially in cryptocurrencies, will always be there. It is more about the new ways that scammers use. If it was possible to predict how the scammers would try to deceive us, then it would be possible to avoid them. Unfortunately, we cannot predict the future, so scams will continue to happen.

[goinmerry]

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

That's a good step to consider but even how careful an investor is, chances of being scammed are always there. You are correct that it doesn't guarantee protection but at least users will have to lessen the risks that they are in the shit project.

But sometimes, even with a good project, they are eventually turned up into a scam. There's no 100% protection against this scam but at least we are not falling on the obvious ones.

[liqidoxgen]

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

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

It is not about the investment risk itself, because the risk in investing, and especially in cryptocurrencies, will always be there. It is more about the new ways that scammers use. If it was possible to predict how the scammers would try to deceive us, then it would be possible to avoid them. Unfortunately, we cannot predict the future, so scams will continue to happen.

New areas for investment are constantly being added. But, despite the growth in the level of education of the population, the level of "professionalism" of the fraudsters also does not stand still. Even the scammers themselves cannot be fully protected from other scammers.

[Oilacris]

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

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

It is not about the investment risk itself, because the risk in investing, and especially in cryptocurrencies, will always be there. It is more about the new ways that scammers use. If it was possible to predict how the scammers would try to deceive us, then it would be possible to avoid them. Unfortunately, we cannot predict the future, so scams will continue to happen.

New areas for investment are constantly being added. But, despite the growth in the level of education of the population, the level of "professionalism" of the fraudsters also does not stand still. Even the scammers themselves cannot be fully protected from other scammers.

Its a continous one because scammers are everywhere and everytime that there's something new then they do easily add up something new which arent known nor that obvious thats why we do see people had been scammed.

This is why you should really be wise and be aware on whats happening around and dont make yourself easily get hooked into things because this would definitely be the cause of such mistakes.

Its possible to avoid all possible scams but this is actually depending on someones experience.

[Swordsoffreedom]

~
Its possible to avoid all possible scams but this is actually depending on someones experience.

Less experienced people, as well as experienced people, are also victims of scams. You know, scammers are always finding and targeting the bitcoiners to scam, and most of the bitcoiners are experienced, very few are non-technical. Experienced or inexperienced, scammers always capitalize on human greed and spread their conspiracies. They will offer you to double your investment or make you a millionaire overnight, they will show you bunches of proof. at a point, you will go to test them after greed, and you will get caught. In fact, it is possible to take all precautions, but it is not possible to prevent the scammer. In online life, we should keep a distance from strangers and unknown websites and should not be persuaded by strangers.

[liqidoxgen]

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

You can avoid fraud if you carefully study each project and exclude greed when deciding to invest. But even this does not guarantee protection against the loss of investment. Crypto is a high-risk area.

It is not about the investment risk itself, because the risk in investing, and especially in cryptocurrencies, will always be there. It is more about the new ways that scammers use. If it was possible to predict how the scammers would try to deceive us, then it would be possible to avoid them. Unfortunately, we cannot predict the future, so scams will continue to happen.

New areas for investment are constantly being added. But, despite the growth in the level of education of the population, the level of "professionalism" of the fraudsters also does not stand still. Even the scammers themselves cannot be fully protected from other scammers.

Its a continous one because scammers are everywhere and everytime that there's something new then they do easily add up something new which arent known nor that obvious thats why we do see people had been scammed.

This is why you should really be wise and be aware on whats happening around and dont make yourself easily get hooked into things because this would definitely be the cause of such mistakes.

Its possible to avoid all possible scams but this is actually depending on someones experience.

It is my own experience that one must be careful and be suspicious of any promises that offer higher returns above the normal market. The temptation, of course, devours me, but I try to overcome it.

[CDC AP]

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.

[nimogsm]

Where cryptocurrency is there, transparency is impossible.Only regulators can prevent fraud, but the community does not want someone to completely control the industry.It all depends on the literacy of people who plan to invest in new projects, and it takes a lot of time to reduce the risk of being deceived.

[bitgov]

Where cryptocurrency is there, transparency is impossible.Only regulators can prevent fraud, but the community does not want someone to completely control the industry.It all depends on the literacy of people who plan to invest in new projects, and it takes a lot of time to reduce the risk of being deceived.

This is the advantage and the disadvantage of cryptocurrencies. Decentralization gives you the freedom to decide what to do with your money. However, anonymity also makes scammers feel unpunished. Unfortunately, if we want to use the freedom, we also have to accept the dangers.

[sulendra12]

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

Unfortunately we can't. Sure we can avoid scams, but still those scammers out there so clever these days that they can think another ways to scam people and have so many ideas for that. That being said with new ways to scams that means we will have another victims fall into their hole again. Then the process will repeat after that, it depends on how good the individual people filter those stuff to avoid further scams.