Is it possible to avoid all scams?

[waichi]

I don’t think that we can actually avoid 100% in all scams in crypto. I have encountered a lot of projects wherein they really have potential, good community, and yet end up being a scam at all. Though I think we can minimize the risk of not getting scam at all times. So you have to do a thorough research at all times especially if you plan to invest a huge amount of your money.

[1714957016]

1714957016

[1714957016]

1714957016

[1714957016]

1714957016

[1714957016]

1714957016

[RussianEnglishTranslation]

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 can't get rid of scams but you can avoid them by only investing in mineable token projects that didn't hold an ICO, like Bitcoin, RVN, and 0xMR.

[Godwinpaul]

It's possible as an individual to avoid being scammed, but it's impossible to get rid of scam in the cryptocurrency space. As an individual the best way to avoid being scammed is to be cautious of the possibility at all times. The reason why many people fall for scammers is because of their greed and desires to get much more for less. If this can be checked, then a whole lot can be achieved.

[alfanjhon]

it's impossible to get rid of that. thebecause the day of crypto development is wider, so more people know, it's not impossible for fraud to also more, a lot of fraud
In my opinion, the most appropriate way to avoid fraud is to investigate this project alone, don't be tempted by huge profits, because it can be a trap of the tricksters, you must know that the project works in what company and aims to what, see also he cooperate with what, maybe that's all I can answer, always be successful friends

[cafee_orange]

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

yes it is very true, of course it must be done by everyone if you want to join a project, let alone someone who wants to join an ICO project or invest in a Bounty project to avoid scams.

[bakasabo]

It's possible as an individual to avoid being scammed, but it's impossible to get rid of scam in the cryptocurrency space. As an individual the best way to avoid being scammed is to be cautious of the possibility at all times. The reason why many people fall for scammers is because of their greed and desires to get much more for less. If this can be checked, then a whole lot can be achieved.

What is a difference between individual being scammed or a company being scammed? As an individual you can also be scammed easily. All it all this is just person to person relationships. You can be as much cautious as possible, but a second person has an intend to scam you, he will do it anyway. You can not be resistant or secured from everything. Everything has a weak link. It is just a matter of time when you get scammed.

[kapalmabur]

I don’t think that we can actually avoid 100% in all scams in crypto. I have encountered a lot of projects wherein they really have potential, good community, and yet end up being a scam at all. Though I think we can minimize the risk of not getting scam at all times. So you have to do a thorough research at all times especially if you plan to invest a huge amount of your money.

It is indeed impossible to avoid a scam project because doing research on the project is also not a guarantee that it will avoid being scammed,
however research is still important before joining the project,
what is certain is that the scam project is really troubling so we have to be extra careful

[kojektea]

Checkdot is similar to a kind of certik. But I think Checkdot is in more detail. Auditing projects that audit some code or assets that are ready to be invested are indeed very important. We need an audit so that we know how the project is aligned before investing. To avoid fraud. I'm sure checkdot can solve this problem with a professional audit of them.

[MadeMen]

One of the most prevalent issues in the cryptocurrency space is the issue of Scammers. I guess it's because the industry is still very young and we have several naive individuals who are still trying to understand how the system works. It may be very difficult to eliminate the issue of scam now, but I believe with more knowledgeable people in the industry, scam would be greatly reduced or eradicated.

[sukmo]

One of the most prevalent issues in the cryptocurrency space is the issue of Scammers. I guess it's because the industry is still very young and we have several naive individuals who are still trying to understand how the system works. It may be very difficult to eliminate the issue of scam now, but I believe with more knowledgeable people in the industry, scam would be greatly reduced or eradicated.

If people are smarter, of course this can be overcome, but for now the thing that can be done to anticipate fraudulent projects is to look at the experience that is already capable. Of course, our experience in the cryptocurrency world will really help us get caught up in fraudulent projects, because with experience of course we will be more careful and will definitely find irregularities in a project that contains elements of fraud.

[mamesso]

it's impossible to get rid of that. thebecause the day of crypto development is wider, so more people know, it's not impossible for fraud to also more, a lot of fraud
In my opinion, the most appropriate way to avoid fraud is to investigate this project alone, don't be tempted by huge profits, because it can be a trap of the tricksters, you must know that the project works in what company and aims to what, see also he cooperate with what, maybe that's all I can answer, always be successful friends

Yes, we all know scammers are an indispensable part of cryptocurrency. They are a group of people who are lazy to work, so they make something that can harm other people in order to get money easily.
There are many ways they can do to capture their victims, such as fake application, Fraudulent website, social media such as twitter and telegram, and fraudulent Emails become a good medium for them to carry out their mission.
It is unfortunate for victims who are still tempted by the lure of big returns, even though they know to get money is not as easy as imagined.

[Wildwest]

Getting rid of fraud is one of the very difficult ways for us to overcome in the crypto world, because those who make scamers many ways to find victims in order to get stuck in their projects, but if CheckDot can overcome the problem it is certainly very extraordinary because it has long been resolved, so we are always looking for ways not to feel harmed by the scamers who have been spread in this forum.

[lvsca]

Even if there is an audit project like Checkdot I don't think it would really clean up fraud in the cryptocurrency world. Because before checkdot I knew there was a well-known audit company certik they audited the project before making a public sale. But there is one project that manages to cheat by bringing in a lot of investors' money. I hope Checkdot is the best audit in the future at least we can reduce the occurrence of fraud.

[cute nmp]

I don't it is possible to avoid all scams in the crypto-market .Despite Making researches on many sites and finding multiple informations before making an investment in any project I have been a victim of scams many time.Although research do help reduce scams in the market but not all time .

[ringgo96]

We as crypto users are certainly scamers are very troubling for us in doing every activity in investing or following a project, and until now the problem of scamers we have not been able to eradicate to the maximum, if there are projects that can create judgment on a platform then it is very extraordinary, but personally we can also overcome a little of this problem that is by reading every rule and development of the project that we want to follow, If there is a development, then we should try to follow the project.

[rizqoAD]

I don't think we can get rid of scams in the cryptocurrency field completely. The crypto world cannot be separated from fraud, for that everyone who is new to the crypto world needs to learn. Nowadays, there are many platforms that offer services about analyzing a project whether it is a scam or not, but I don't think it helps. In my opinion, personal experience will give knowledge about fake cryptocurrency projects or real projects because the more experienced we are in the crypto field, the more we will avoid being scammed.

[Ngewex Yuk]

If we only choose large projects or coins that have entered rank 20 then we are safer from being scammed, but if we invest in new projects then we can get scammed, maybe the promise of getting big profits makes anyone will try to invest in new projects even though it this is at risk of being scammed.

[Pandu Geddon]

if the intended scam is for a new project. I guess the odds will still be 50:50
I mean a new project that has been registered can also end up being a scam. at first, it looked very good, with pretty good planning and trade-offs. but as more and more come in, they can get out with our money.
but we can also avoid scammers. It all depends on where we choose where to put our money. as much as possible take profits quickly and leave some for long-term planning.

[noah tall]

In the market there many types of scam's. In the crypto market for the new comer's there are so many scammers awaiting to scam. But you can avoid all scam's by only doing your good research. And your market knowledge.

[Balmain]

Institutions like Certik have good control mechanisms. Even if these companies are reliable, the projects are not completely reliable. For the following periods, solutions can be produced against fraud. In turn, new fraud methods will be constantly updated, I think it is not the end. Both are in sync somewhere. Of course, if it goes down at least, fraudulent events create a very ideal environment for us investors.