A painful loss

[Japinat]

Such experiences teach us always a bitter lesson not to repeat the same mistake again and be more cautious next time while investing in any project. I feel sorry for your loss but most of us have also been scammed many times So due diligence is always very important while investing.

It thought people lessons but it is very possible for someone to make such mistake again and again, what is most important is that people should first not be greedy and try as much as possible to avoid scam and money loss, but some people just do not have the knowledge and experience to avoid scam. That is why it is good for us to learn and read everyday how to avoid such fraudulent people like that. We should stop to just go into new trends without learning the risks involved. This is just the beginning of metaverse scam, some other people will still be victims of metaverse scam as they lack the knowledge of how to avoid such scam.

Being scammed is something that we can't avoid but we can minimize from falling it if we are always making a thorough research before we decide to invest. And in fact, a good researcher has always an edge when it comes to decision making as they create wider vision and views than those who often lack of knowledge and comes to the market unprepared. So OP, just keep investing. Losing is always part of it but make sure next time that your profits will overcome your losses in the past, that is more important.

[harizen]

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

Are you sure the volume is generic? You should always check the market orders for it.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's an automatic red-flagged. There should be no reason why the group becomes restricted.

Anyone should be able to voice out their concern.

It's too late already but hope someone learn one or two lessons from this

There's no such thing as "too late". The next one you will do is the start. Since you have already learned your lesson, you are more careful on your actions the next time you become interested again in investing at Metaverse.

[TimeTeller]

at this time it is very, very difficult to avoid fraud, especially fraud in new projects and at this time the fraudsters have had a very accurate trick they made a very convincing project without any blemish for us to say the project is a scam,

A hard lesson learned by the OP on this new hype.
Some people can really make a very comprehensive project, where you won't think that they are just here to ripped off users.
It may be the first for the OP, but it may not be the last that you will encounter this kind of scamming.
It will be in different form, not in meta hype but another hype. This is why many people are losing hope in this market once they got screwed and it is their hard-earned savings, some are even getting a loan just to buy the hype.

[bitbollo]

making money with crypto, or altcoin, unfortunately, is not easy as it may seem.
this is probably an aspect of our industry to take into account. it seems easy but .. it is not!
losses should not be painful. you have to invest only what you can afford to lose.
I don't want to lecture you, but I hope that what happened to you is an example for you in life and not only related to crypto life ...








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[Rengga Jati]

I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

Every loss will be painful and angry at once to the site and also ourselves. Regret is there, losing money and also trust.
I am not really familiar with the site, that is new enough. Have you understood why you cannot sell again? Not tradable or the feature is still not active? or not listed?
If that is totally a scam project, I agree with @Upgrade00, you can make scam accusations on the section. PLease give also the details of the scam, the evidence, and also all information about the scam project.
This will probably help you to at least share your experience with other people here and warn us if there is some misunderstanding from the site, they may reach you, and others.
But, if this is a total scam, just let it be a very worthy lesson. Sometimes, we cannot differentiate the scam and legit projects because they look very promising and convincing at once.

[carlisle1]

at this time it is very, very difficult to avoid fraud, especially fraud in new projects and at this time the fraudsters have had a very accurate trick they made a very convincing project without any blemish for us to say the project is a scam,

A hard lesson learned by the OP on this new hype.
Some people can really make a very comprehensive project, where you won't think that they are just here to ripped off users.
It may be the first for the OP, but it may not be the last that you will encounter this kind of scamming.
It will be in different form, not in meta hype but another hype. This is why many people are losing hope in this market once they got screwed and it is their hard-earned savings, some are even getting a loan just to buy the hype.

Probably not the last time. He may be encouraged again, but the fact that he experienced this kind of scam, he will be more furious

in choosing assets to invest his hard earned money. Investors who mistakenly choose the project that they've invested their money even they

have done doing their homework, remember that scammers are also doing their own research on how to allure and make their prospect to

believe in the sincerity of their works.

[adzino]

I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this

The name of the project itself says that it is a scam project. Why do you think they named their project "Mark" and "Meta"? Mark Zuckerberg and Facebook Meta? They are using all those hyped terms to attract users and then scam them. Oh, and don't invest in any new projects that has the term "finance" on their project. All those projects are scam.
And you already saw those red flag, then why still invest? To try your luck?

[kaseygriffin]

I'm sorry for you, but it's also worth looking back at why you believed in things like this in the first place. 
What is your compelling reason?
At first glance, it's no different from other copied products on this market and now in this space, new projects are easily created but you should think that products that a high school student understands about Programming can also help create these. So blame yourself and see it as a lesson to not repeat those mistakes.

[makishart]

I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

Can't you judge it from the name of project? The first time i heard the name of project from you and my impression is if that was a scam project. The name itself will represent anything about the project. So many scammers are using non sense name. You're loosing caused by the dev was pumping its token use the funds that raised from the sale if there was a sale. Can you tell me whether the dev was deing a public sale before? The dev will be doing this after they got what they targetted. it seems like you are getting trapped by the scam project again. You must remember that never try to invest in the random project like that. I never heard this project before.

[traderethereum]

I'm sorry for the bad experience you had and I hope we can learn from your experience not to get scammed.
More and more projects can fool us today and it is only by doing some thorough research that we can do to find the right projects that can be profitable in the future.
It may not be easy, but we have to do if we still want to invest in new projects so that we don't get fooled by fake projects.
In addition, we also should not spend a lot of money on investing in new projects because we do not know if the project will succeed or stop in the middle of the road.

[evilgreed]

               Ouch, that has got to hurt. But don't worry man, just see it as an investment in learning more about this industry and not as a loss. You are not alone and some have even lost thousands of dollars through these scams and don't even learn to be cautious. Don't be like them, learn from this and get back what you lost and more by being smarter with your investment plans from this day onwards. While shitcoins are shit, these shitcoins can be a good gold mine if you play your cards well. Do research before investing and avoid investing huge amounts on shitcoins or any startups regardless of what you find. Just a little percent of your total capital for any shitcoin is good. Since they tend to shoot up fast. Some even go beyond 1000x. Anyway, good luck on your future endeavours and sorry for your loss once again.

[ringgo96]

This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.

[lenovop-70]

Sad story mate, and I'm sorry for you, from your experience we can also learn here, thankyou.
Yeah that's why I don't like the new meme-based coins that are hype at the moment. I'd rather be patient in holding large coins with little profit than investing in companies like the OP mentioned above, its too risky because obviously we don't know their credibility.

[Anonylz]

Sad story mate, and I'm sorry for you, from your experience we can also learn here, thankyou.
Yeah that's why I don't like the new meme-based coins that are hype at the moment. I'd rather be patient in holding large coins with little profit than investing in companies like the OP mentioned above, its too risky because obviously we don't know their credibility.

The truth is scammers are getting good on their game of scamming people, a look at the website the @op present will wow any new and old investor into thinking the project is legit, they spend money designing the website and making it look worthy of a top project, unfortunately it was all a big scam, reason why it is important to keep learning and understanding the signs to look out for in a project to determine if it is authentic or just a well design scam project, it is always devastating to invest in a project that end up rug pull on the investors, another reason why it is advisable not to put all you have in one project especially new ones with no credibility.

[Danslip]

l'm so sorry about your losing money, but it is no exaggiration to say that you have not made enough research before investing in this project. As above mentioned this site was created just in 3 months and that can explain we should be away from this site. There is not anyway to get back your money, however it is just a experience for you and for us. Thank you for sharing this experience with us.

[MFahad]

I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this

Daily someone facing this kind of issue. Scammers usually use the trending label over scam project to deceive investor. Couple if month ago They used Meme coins label and now Metaverse and NFt.
I am shock why investor choose this Kind of new project without any knowledge if their team,Backers,partnership. Onlu Metaverse Name and Web is not enough to be success un market.
There are top class Metaverse Project already available in market which are already listed in top class Tier 1 exchange, then no need to test new project.

[Oceat]

It seems that OP was not a newbie in this field yet he still got scammed by this trendy project and fell to their traps. Some people really learn their lesson in the hard way since he took the red flag so lightly that eventually cost him a big fortune. Some people cost it their lives just because of a slight mistake, that's why it's so important to be cautious all the time and do your own research always.

If not sure ask the community about it here since most members here especially the reputable one are good at giving a hint or information if you lack about it and sorry for your loss.

[gabbie2010]

This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.

You got the point mate before participating any projects we must strictly research what this project all about the background or anything we can find some ideas if we need to trust this or ignore this project. It's better to be preventive than to spontaneous/greedy in our decision.
And do not try to trust all you already saw in the internet cause not all in the internet are good and secure.

It's a pity after the OP had already invested in the scam project before the OP pinpointed all the red flags relating to the scam project, however I salute the courage of the OP for bringing this to the notice of the forum and to newbies who intended to invest in that project, in crypto market there are many projects, it's up to every newbie or investor to make a thorough research into any new project to avoid falling victim to a scam just the one mentioned by the OP, in many cases those projects always promise fake and bogus rate of returns in their projects.

[freedomgo]

This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.

You got the point mate before participating any projects we must strictly research what this project all about the background or anything we can find some ideas if we need to trust this or ignore this project. It's better to be preventive than to spontaneous/greedy in our decision.
And do not try to trust all you already saw in the internet cause not all in the internet are good and secure.

It's a pity after the OP had already invested in the scam project before the OP pinpointed all the red flags relating to the scam project, however I salute the courage of the OP for bringing this to the notice of the forum and to newbies who intended to invest in that project, in crypto market there are many projects, it's up to every newbie or investor to make a thorough research into any new project to avoid falling victim to a scam just the one mentioned by the OP, in many cases those projects always promise fake and bogus rate of returns in their projects.

If you look at the newly released projects today, its seldom to see projects that are only offering low and practical returns as it would not be convincing on the part of investors, particularly for newbies. So most of the projects offer high returns in which you can think if these are really legit or not. And most likely, scam projects do often look more legit than those established projects. So its a good thing to consider that not all gold is shining and shimmering. You also have to look the unwanted part of it.

[stadus]

This is what we are always vigilant in following every project, so we always say over and over every project that we want to participate in must make deep research so as not to get caught up in the fraudulent project as you feel right now, hopefully this is a lesson for the future and do not be easily tempted by the big offer they give but we have to look at the whitepaper they make and the team that manages the project if it is not open in general then this should be  We avoid, from the site you follow does not give us the confidence to participate in it.

You got the point mate before participating any projects we must strictly research what this project all about the background or anything we can find some ideas if we need to trust this or ignore this project. It's better to be preventive than to spontaneous/greedy in our decision.
And do not try to trust all you already saw in the internet cause not all in the internet are good and secure.

It's a pity after the OP had already invested in the scam project before the OP pinpointed all the red flags relating to the scam project, however I salute the courage of the OP for bringing this to the notice of the forum and to newbies who intended to invest in that project, in crypto market there are many projects, it's up to every newbie or investor to make a thorough research into any new project to avoid falling victim to a scam just the one mentioned by the OP, in many cases those projects always promise fake and bogus rate of returns in their projects.

You would not be able to detect the red flags in the project if you have been blinded by its good promotion and promising goals that will make you fall for it. This is why we need to have a depth in research before deciding to invest as choosing a good project is utmost importance. But don't worry OP as you are not alone from falling into scam projects and losing a huge amount of money. This may be charged to experience but definitely you should have learned a big lesson from it.