Is it possible to avoid all scams?

[molsewid]

The only way you can avoid scam is for you to always make research on every new projects you come across, don't be too desperate and this will help you not to fall into the hands of scammers . Always be conteous of every new project,  make research on how real it is before you can trust. With this am sure it can prevent from been scam.

The answer for the question if we can possible avoid all scams probably its a YES. Yes in a way where we can make it to ourselves only it's good to know if you have friends, colleagues that you can ask for checking it but most of the time you are trading and investing on your own so it's a must that you know how to check the project, sites, background check if it is legit or not. Proper research is a key to spare yourself from those scams and always keep it in mind if the thing is good to be true there must be something that you have to check.

[pauloaragaomelo]

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?

I have reviewed one of the audited projects, based on the subject of the audit report that was reviewed only related to vulnerabilities and attacks on smart contracts, but the feasibility aspect of the smart contract review was not sufficient to complement the audit report but indications of scams were found since large volumes of trading activity damaged liquidity until the price falls.

[Alert31]

 Scammers are everywhere with a lot of different tactics and strategy just to scam people. They always disguised and pretend to be a good and succesful project to attract inbestors. To avoid such kind of project, you should be very careful and do a depth examination regarding the project before jumping in. Having enough knowledge about investing is very significant factor to avoid being a victim of scammers.

[BlackBaron]

Guide
Find out all about the team of developers on the ICO project,
Do a check on the community and media,
Check the project stages and Venture Capital investment,
Read the [ANN] thread on the BitcoinTalk Forum
Read the white paper,
Check the quality of the code used
Learn from vc Investors,
Ico Legality
Simple Financial Advice for Investing in ico.

Thanks guys, very detailed guide to verify ICO but for new coins listed on exchanges that offer high APR stakes so it is important to first check the detailed guide above before the coin plunges to the lowest price.

[mardaed]

-snip-

This is a good guide that must be taken note by everyone. Thank you for this @valak. It is really challenging to discern which is which nowadays, especially that scams are rampant. And one thing we could do is to be doubtful enough to drive us to really scrutinize every detail that we could check to bring assurance somehow. But as they say, you’ll never really know so one should not be too complacent even after doing research.

[rby]

It is possible to avoid all scams and it is also not possible. It is possible when you decide to avoid anything about investment in this place we are, by that way you will avoid being scammed.
Provided that you are investing you will one day fall a victim of scam in the place.

[Congyang]

It is possible to avoid all scams and it is also not possible. It is possible when you decide to avoid anything about investment in this place we are, by that way you will avoid being scammed.
Provided that you are investing you will one day fall a victim of scam in the place.

Because indeed this is an impossibility even if we are careful but still everyone who has been in this realm I think must have felt cheated and indeed it is something that cannot be controlled even if we do not want this to happen.
On the other hand, it can actually be used as a reference and a self reminder for us so we don't get caught up in the same mistakes again

[Cornia]

In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.

[Smitty Werben Man Jensen]

In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.

In addition, the fraudsters also have many ways to trick their victims and this becomes very difficult to avoid,
just be careful i don't think it will help enough,
What's clear is that before joining the project, do some research first and we can't ignore that because it's important too

[DonFacundo]

A platform that can detect scam is not a 100%, we can not avoid all scam projects because some of them looks convincing and promising but a scam, it is difficult to detect them but still my advice is do your own research because at least you know what kind of the project that they running, you can still avoid the scam project just be careful what project do you invest.

[molsewid]

In this space almost every day someone is being cheated. It is very difficult to avoid all scams. Because there are always a lot of new people getting involved in cryptocurrency. These newbies are easily scammed. However, if we are a little careful and control our greed can be easily avoided.

And this is I believe one of the drawbacks that can be found in crypto space and as much as we wanted to get rid of those scammers I don't how would we going to do it but one thing would spare us to be a victim is to be observant and be cautious about the project. At the end of the day we ourselves are only the one who could help us to spare from those scammers. Always practice reading the white paper or have a proper research about the project before you invest.  

[yayayo]

It is possible to avoid scam projects but not entirely because some of the projects keeps changing their strategy to make their project looks real as possible if you'll be careful you can avoid them but it's really hard to filter out real projects to scam projects that's why I don't invest to new projects only if they only deliver what's on their whitepaper or if they are carefully following their roadmap. Results matter so I look to those things.

ya.ya.yo!

[sulendra12]

It is possible to avoid scam projects but not entirely because some of the projects keeps changing their strategy to make their project looks real

True, scammers are so much clever these days. They have so many ways to scam us with different strategy they have prepared after this time. As long as we know how the basic scam works and then I think we can avoid some of the scams out there by just sparing some time to do a research rather than do it blindly by some of you guys in here. As long as the scammers are successful with their scams then it keeps going.

[riskarcher]

To be honest, I can't tell which projects are scams and which aren't because they are all packaged in the same way which makes it easy for investors to get attracted to the benefits that scamers provide.its hard to avoid scammers I've been fooled 3 times in the scamer project and that's enough. I will now only follow IDO on binance or launchpad on exchange platforms whose projects are well verified, unlike ICO full of scammers. Be aware guys with your investment

[JohnBitCo]

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

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

There are many kind of scam that can threat people, not only about coins but many kind of investment that attract people to gain profit in short time. It is possible to avoid it as long before we made research before jumped into it, simple thing maybe seek in this forum and see how people respond about the project but we must know who really criticize it or who only shill it.

Scams are everywhere and anywhere you least expected, and certainly there's no investments that will give you profits in a short amount of time. So, if you encounter that sort of investments that are just too good to be true then it's best to decline or avoid it early because that will really cost you your money and time.

If you find any offer or scheme which promises you unrealistic gains, then it must be a scam project which will scam you sooner or later. The only way to be safe from a scam is to stay away from the quick rich schemes.  Another thing is to stop being greedy because if you are greedy it's likely you will accept unrealistic offers or invest in potential scam projects.

[gurunanakji777]

You can lessen the chance of scams but it's not possible to avoid them all the time even sometimes you can be trapped whether you do proper research about the project. I believe it's not easy to identify scammers. I never heard about the Checkdot project. You can get rid of scams with your knowledge and proper research before investing in any project still I feel finding all the things right can end up a scam but nowadays I see most of the projects do audits to show they are legit but I don't have an idea about this whether it is trustable or not.

[SweetMochi24]

We are less likely to be scammed if we only invest in major projects or currencies that have reached rank 20. You can check out DAO maker, Orion protocol is just one of their successful launch. Going back, if we participate in new projects, there are risk but a great reward, you just need to DYOR real good. 

[rby]

We are less likely to be scammed if we only invest in major projects or currencies that have reached rank 20. You can check out DAO maker, Orion protocol is just one of their successful launch. Going back, if we participate in new projects, there are risk but a great reward, you just need to DYOR real good. 

This thing you said is true in most cases but in some cases it will not be true. Because you you examine very well in the market of cryptocurrency you will discover that at some times big projects use to fail. Especially when they change hand of management. Then you will not know that the hands of management  has changed and within some times you will end up being scammed.

[LittleBitFunny]

Yes possible, Just don't talk about your financial matter to someone anonymous.
when you started taking an unknown person secretly that means you give him the 1st opportunity to scam you.

It is not possible to prevent those scammers, the better thing you could do is keep cautious. Sometimes scammers always DM/mail you first out of Nil,
Sometimes they will give you unbelievable offers, sometimes they give you some ROI to boost your greed, and when you will invest huge money out of jealousy you will get scammed.
So, the main solution is to control greed and not talk too much with strangers.
 
oh yeah, you are talking about crypto scams, to avoid scam projects just do a little recherche about the project, read their whitepaper, read the details about the developer team. If you think the project and team are reliable then invest otherwise skip them.

[blockman]

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.

And that's why they are the target of these scams. The scammers know that there are many people that are aware of their tactics. But they also know that there are many newbies that they can still snatch. As for those experienced people that are still deceived, many of those experiences are not enough for them and that's why they're still fooled. I agree about the nature of being greedy, it's one reason why we invest on those projects that promises big gains but in reality, when they promise like that, it should have been a red flag already.