Is it possible to avoid all scams?

[horrifiedx1]

fraud will always exist and we ourselves must be able to anticipate it. usually the virus will enter by spreading email one way and we are asked to follow the directions, if we follow them then they can enter the files that we have and finally our data is hacked, and loses the assets that we have. therefore the importance of concentration when opening suspicious links

[yayayo]

Unfortunately, this is some kind of hard truth, especially in the crypto world. Some things that can be done to avoid scams are through choosing projects and coins that at least have some type of basis of even just minimal assurance, such being highly recognized by the majority. However, at the end of the day I think that it cannot be guaranteed that all scams can be avoided. As mentioned, a good project can turn out to be a scam in the middle or at the end of their reign. Also, sometimes our intuition is what will save us, so listen to that voice inside of us, listen to your guts.

ya.ya.yo!

[Alanaz]

But it is more convincing to choose a project whose market capitalization is clear, such as the investment you make in the top 50 coins, this is clearer and we can make a thorough study, compared to the ChekDot project which currently does not have any prospects , many projects sometimes only rely on hype, not infrequently they even do evil ways to deceive many people, to avoid all that it is better for us to avoid.

The point is that all of that needs to be analyzed first before knowing whether the project is good or bad because good projects are known through research and analysis as well as bad projects so judging it early is a mistake before doing research first.

Yes, a little research is indeed needed to assess a project, both new and old, nowadays many people do not do that in making choices, so they are carried away by the hype that continues to be developed, even though we can look for many available sources, to find out if the project is is worth investing in or not, then we will be able to identify good projects.

isn't that a very important first step.
how someone can invest in a project but he doesn't even know about the project.
it is one of the most fatal carelessness in my opinion.
Research is the first step that should definitely be done because it is related to the finances we have.

[ivankoh]

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

Everyone will be interested in 100x-1000x and they are ready to make puppets for a weaving with profound ideas.  I mean greed, honey kills flies.  Some investors run for the price without knowing what the project means.  Some people have no interest in doing their own research and DYOR, once their ears have heard of something else.  It is an ironic fact.

[Ultegra134]

I've had quite a few near misses throughout almost a year I'm into DeFi and staking. My first investment was in algorithmic stablecoins, it lasted approximately a month before it crashed, resulting in million of losses. I subconsciously withdrew all my funds a day before it crashed.

Call it luck? I don't know, when it comes to staking, I tend to choose lower yield pairs, to be on the safer side. However, I could also have lost all my money when the Iron.Finance exploit occured, a few months ago.

[OrangeII]

No matter how much research has been given to any project, or any currency, there will always be a way that there is a scam, in the ecosystem of tokens when they are launched through a decentralized Exchange the option of scam is very likely, it is something normal that anyone is taking a risk, the only way to minimize that risk is by betting on projects, tokens or coins that are listed on exchanges such as Binance, since Binance does respond to any eventuality and there is a fixed point to claim.

yes, I agree with the statement that no matter how much research we do, there will always be a way for the team to scam the project.
however, it all comes back to the team. when they've been given their trust, and they let other people down, I'm sure they know the consequences of that. at the very least, when doing research, we may need to know some people from the core team. it's just that, after that there is no guarantee that the money we have will be returned.
there is no way to avoid scammers when they really intend to. when you are careless, your money will run out. Research may not make a scammer disappear, but it can reduce the risk.

[bigjuk]

Avoiding fraudsters is indeed very necessary in any way that we must learn, although theory is very helpful, but in my opinion theory alone will not be enough to give us confidence, because my view is to guard against fraud only by being careful in storing assets..

In terms of storing assets, it is also necessary to look at platforms with extra security, because this year there were several exchanges that were hacked by hackers whose consequences were very fatal, for example Bitmax and others.

[Benefactor]

Numerous novices are getting misled so how would you intend to take care of them. Complete direction, update and all admonitions. Regardless of whether the stage work, it shows that you actually depend on one more party to conclude which one is 'genuine' and not, which is certainly not great. Too many opened token with the advancement group and task proprietors is one more method of trick as they can dump on us whenever.

[LUCKMCFLY]

No matter how much research has been given to any project, or any currency, there will always be a way that there is a scam, in the ecosystem of tokens when they are launched through a decentralized Exchange the option of scam is very likely, it is something normal that anyone is taking a risk, the only way to minimize that risk is by betting on projects, tokens or coins that are listed on exchanges such as Binance, since Binance does respond to any eventuality and there is a fixed point to claim.

yes, I agree with the statement that no matter how much research we do, there will always be a way for the team to scam the project.
however, it all comes back to the team. when they've been given their trust, and they let other people down, I'm sure they know the consequences of that. at the very least, when doing research, we may need to know some people from the core team. it's just that, after that there is no guarantee that the money we have will be returned.
there is no way to avoid scammers when they really intend to. when you are careless, your money will run out. Research may not make a scammer disappear, but it can reduce the risk.

From all this, what seems incredible to me is that even when in a game the identity of the devs and the entire team appears in the whitepapers of the projects, I do not know for what reason it is not possible that the authorities can act against That is, you have the data of all those people, if it is a robbery or scam you have the relevant evidence so that a lawsuit or complaint before any world entity can make them pay, I know that the SEC has lost triumphalism since it could not with XRP, Well, his reputation is in tatters, but I do not know how far the FBI or any entity can act against this type of this.

[aryana42]

Avoiding fraudulent projects is difficult, because the various efforts they put into make us believe in the project. And now back to ourselves, in choosing a project in which aspects are most important for us to pay attention to. For me the first is the team behind the project and the second is how the project works. In the bounty program, I prioritize managers who manage projects, of course I choose people who are experienced and have managed projects that are already successful now.

[MarjorieZimmermanGinger]

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?

This will never happen in my opinion, fraud in crypto will continue to exist with other methods and ways, what we need to pay attention to is, how to find out the level of fraud is working and we must be able to avoid it, at least we should not get involved in such projects , to avoid all that, it is necessary to have the knowledge and resources that we have, so that at a certain moment we are able to avoid it, even though scam projects will continue to exist forever.

[nimogsm]

Avoiding fraudulent projects is difficult, because the various efforts they put into make us believe in the project. And now back to ourselves, in choosing a project in which aspects are most important for us to pay attention to. For me the first is the team behind the project and the second is how the project works. In the bounty program, I prioritize managers who manage projects, of course I choose people who are experienced and have managed projects that are already successful now.

Recently, even the manager can be deceived, so this is not a guarantee.It seems to me that I myself need to conduct a very detailed analysis or ask here on the forum if there are doubts, people with experience will tell me.

[isaac_clarke22]

~

BMs still have the choice to stop the bounty program in cases of possible red flags that are being raised. It's not manager's job to do their own research although it could be an optional of their part to do it by their own but they're not obligated to do.
Some scammers are trying to get away with this by having their own people run the bounty program.
If one is getting suspicious of the project, better check Scam Accusation board first.

[lenovop-70]

I think its impossible to get rid of scam from crypto world. If what the OP means is to keep us away from scams, it is quite possible for us as long as we are careful, as the OP said above, there are platforms that prevent us from scams and I think there are many other similar platforms as a tool for our consideration to go further.
Crypto and scams are like sugar and ants, they are inseparable, it's our job to be careful so that the ants don't get eaten.

[Shagnasty]

you can not avoid all scam, trust me... i am here from years ago and still got scam even if its only small amount compare to my first year in this industry. the only thing you can do is deep due diligent and make your chance getting scam smaller but not 0 chance. scammer were smart people or maybe the condition which makes us got scam ( want to get rich fast because of FOMO ).

[Cornia]

It is very difficult to avoid all scams. Because scammers are very smart and they make new tricks all the time. So no matter how careful we are, someone must sufferer. The more greedy he is, the more often he is scammed.

[JayTrain]

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 every investor has encountered scammers and they are so secretive that you yourself begin to believe that this is not a scam, no one is immune from this, everyone can make a mistake and do not get upset, there are quite a lot of scammers in cryptocurrency, you need to learn a lesson and be careful in the future, but it's better to learn from the mistakes of others than your own.

[sherenikaw]

Here there are many scammers with different motives who certainly offer tempting offers. it's not a matter of bidding but how we can choose a good project or coin to own. if indeed there is a project that can help avoid scammers here then of course it will be very helpful because it is not easy to avoid it. although the most important thing to avoid scammers is yourself, which is to be more careful and close the gap for scammers to deceive us by choosing projects carefully.

[fvb]

Fraud will always be present in one form or another in investments. Because as soon as something becomes successful, some want to make money on it in a dishonest way. And a lot depends on you, that is, study the project and compare all the data about it into a single whole and make the right choice.

[MarjorieZimmermanGinger]

Fraud will always be present in one form or another in investments. Because as soon as something becomes successful, some want to make money on it in a dishonest way. And a lot depends on you, that is, study the project and compare all the data about it into a single whole and make the right choice.

There is no room to limit them from committing fraud, because it represents their personal desire, until now there is no specific method that can identify or prohibit them from doing so, at least we should be able to identify projects that have good prospects in the future, if we can see the problem this carefully, it's better to focus on it than think about the person committing the scam, because the crypto space is open to anyone, whether it's cheating or not.