A painful loss

[Scripture]

I think next time be more careful in trading on a new project before you join the project first make further questions, the metaverse project is still in its early stages there is no definite certainty in every project concerning the metaverse in trading here is not easy without learning beforehand ,maybe there is another reason to want to say a scam project.

This is the problem, scam projects looks more convincing now and they really have a good plan to scam people, that’s why OP invested and trusted the platform, I imagine how many victims of this scam project. This is another lesson not to invest too early, better to wait for the exchange listing since the price will still be cheap and there should be no rush on buying, always wait for a good signal.

[Adbitco]

Really sorry mate
most time before i make any purchase of token or recently launched projects i will come over here to create a post about such project for those that enlighten to looking into it and find out more details about them, if that you shared here before embarking in such decision i believed there would have been a thorough researched about it. Keep in of scammers they comes in many form to steal your real funds and renders you helpless and depression.

[7788bitcoin]

~
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

So you are saying that they basically closed every communication with the investors, if so then it is a rug pull and they made the money fooling the investors, it is unfortunate people are getting attracted to projects without verifying the team. You need to invest in projects that are transparent with the community where they are not afraid of revealing their identity.

[dunfida]

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

People do mainly learn up things when they've been fucked up.I couldnt blame though since scammers are really that meticulous on making projects which do really looks too good to be true.

Even how hard you do make out those research and confirmation then you wouldnt know on what would happen next.Losses is inevitable though and this is where

analysis and self decision making towards on dealing with this investment world on this crypto space.

[deean_3one]

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

I'm sorry for what you went through. I hope you get your money back from another😊 project. Thank you for sharing the experience so that I can be more careful in investing so as not to meet with scam projects.

[GeorgeJohn]

Yes, the loss of your funds on a fraudulent project is very strongly reflected in the fact that faith in promising projects is lost every day. And also the loss of funds has a very strong impact on health. This is a very strong psychological blow. So, in order to avoid losses of personal funds, you need to invest in proven crypto projects that have already been on the cryptocurrency market for several years.

From my perception of seeing lost of coins, i seems it like the process whereby it's avenue to correct yourself during been curious of adventuring into crypto investment, i understand in the crypto that it always come in contact to negative and positive or gain and lost, the only remedy there is that you will observe project platform before adventuring into it, scammers are very technical via building their sites or developing their site to be standard. In summary i believe you made a point.

[Mpamaegbu]

For those who are advising OP to DYOR first before investing in any project, don't forget that it may not be because OP didn't do their research before hand. These things happen and sometimes they make us look like we didn't look hard enough. Scammers and hackers are a set of misdirected smart people. I used the word "misdirected" responsibly to connote their misapplication of talents in the wrong place. They sure know how to get the unguarded public when they least expect.

All you described here OP, I have experienced. That's the price we pay for being in a newly charted territory. This is the main reason I hope there will be complete regulation and moderation in this industry. Sincerely, this crypto space is a crazy circus.

[Reid]

And I do hope you also learned a big lesson here. Even with how much the sweet the deal is we should dig deeper on what behind a project. A mere hype or a good whitepaper is not enough to make us jump in and invest even with just a small amount. It is still a waste and could've gone to another project that are true with what they aim.
This scammers will keep on attacking the crypto industry so we should always be keen to researching.

[JayTrain]

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

don't get upset, buddy, this happens to everyone, study the project more closely in the future, but there are different cases, scammers hide very well under beautiful headlines, so no one is immune from this, but it's better to learn from other people's mistakes than from your own.

[Sebas.tian]

Next time,make enquiry before you dive into new project so that you won't loose your money, you shouldn't have invested on it as you noticed that telegram chat was restricted and the coin was increasing anyhow, 430$ might look small but is something, sorry about the lost ,thank God is not more than that.

Carry out personal research before investing your money on a particular project is very important because it will help you to know many things about the project, if the new project is fake or original you will definitely know and you can quickly avoid such project in the community. Invest little money on a new project to test how good or how long will it last for people to earn well from their investment. Those new project in the community has some signs they used to develop that will make investors to know the reality about the project and not to embark on it .  Experiencing those signs that the project has some doubt in the future that it will not be successful in the future, don't embark on such project again in the community.

[Victorik]

Yea..it happens sometimes to even the most experienced in this space. I have heard people falling into the hands of scam projects, and I begin to wonder even with their own level of experience. It therefore means that we must be very vigilant. There are so many scam projects out there. They appear so good and tempting, but when you take a bite from their bait, you are gone for.
Anyways, sorry for the loss mate. I believe you will recover your loss pretty soon.

[dbc23]

It is so sad how the internet is becoming too scary to invest in and now full of scam projects and it's becoming easier with most projects that has no official problem statement and proposed solution. Many has turned to Metaverse and Nfts since the find it difficult breaking into the bitcoin network. The loss has occurred you just have to be careful and ensure to swallow greed and invest an amount you can afford to lose in future investments