They want your money by all means possible

[bots1]

It is very difficult to avoid being scammed in a project especially for beginners because most beginners have limited ability to research. However, if they understand that basically investing in kripro has risks, then they are ready for the risks they will face. But at least in order to minimize the risk of investing in new projects, it is necessary to conduct detailed research and analysis.

[RussianEnglishTranslation]

We are now in a era where scam devs don't care about anonymity anymore,  now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

If you are concerned about scams then only invest in projects that DCG or Alameda for example invested in, big name projects like XRP and ICP. Also, any project that was invited to Davos or is promoted by the WEF will also do well. Illuminati coins you could say, because they never lose.

[mdzahed134]

Especially in this bearish market, i have seen a lots of project team making their promotional videos on youtube with showing their faces just they trying to believe investors especially newbies investors is their main target. But i see mostly got SCAM at end of the day, so i agree with you if team will reveal their face that will consider which project is real.

[tvplus006]

They are very smart, even able to spend a lot of money to just take the investors' money. But we have experienced this many times, I'm sure of it. It's just that some of us are often negligent and in a hurry to do something, this has the potential to make it easier for them to carry out their actions.

I think the problem lies not in negligence, but in our greed. The desire to get a few hundred percent in a short time, closes our mind from reality. At the same time, the opportunity to earn 5-10% is no longer considered a good profit, although these percentages exceed what traditional banks offer us.

[GeorgeJohn]

Preventing scams becomes harder nowadays. Even public teams scam investors. Investing in a brand-new project becomes like choose. But serious projects have some symptoms that would help prevent bigger losses.

Lol..you know that scammers have varieties of information to decode some of the information that will trigger an investor to venture into investment, from my observation, i think that some scammers derive a new process of getting people on trap, so it will be very difficult to eradicate scam, because right now nobody knows the project that is scam and the project that is legit for investment.

[Silberman]

We are now in a era where scam devs don't care about anonymity anymore,  now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

And what better example of this than Do Kwon, Kwon is now world famous for scamming and ruining the lives of a lot of people and he is still denying any wrongdoing on his part, he is completely shameless, which is why I cannot wait for him to be found guilty and see him being thrown into a jail for years or even decades to come, as such potential investors need to be very careful because the only reason the police is behind Kwon is because of how high profile the scam was, but if his project was way smaller it is possible that nothing would have happened to him and he would have been able to steal a lot of money and never face the justice system.

[sulendra12]

now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money,

You know they can just use other peoples identity from the internet with fake Linkedln and stuff just to make their profile looks legit but with shitty intentions behind it. It's easy to fake identities in current days especially when you are dealing in cryptocurrency community. It's on end user to filter those stuff out.

4. High volume on the listed exchange doesn't make a project clean from going scam.

This particular point could benefit for some people where they can make some quick profit when they buy it low before the scam begins, in early days you can do that easily but it's rather difficult to do it now.

[blockman]

4. High volume on the listed exchange doesn't make a project clean from going scam.

This particular point could benefit for some people where they can make some quick profit when they buy it low before the scam begins, in early days you can do that easily but it's rather difficult to do it now.

And the scammers will take advantage of it when there's a huge volume of the project. They will make it look like they're more legitimate because traders will be having that sense of belief that it's a good project because many traders are on it.
Well, do not forget that volumes are temporary and if it's currently up then it doesn't mean a project like theirs will remain as high as it can because if these developers starts to rug pull, everyone has got no idea when it will happen.

[bhooscream]

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

Exactly true, scammers are growing and developing. They create a project as legit as people see and analyze it. However, for new projects, the risk of being scammed is very high. We can see also although they have a thousand community members on their social media especially telegram groups doesn't mean that they are not scamming. In fact, many of them are exactly scams.
Although the project has been listed and being a top coin, this also doesn't guarantee that the coin is a scam. So, what to do?
One of the ways is by learning, keeping updated, and also analysis every time what we want to invest. And the most recommended investment is only investing in Bitcoin by buying in a reputable top exchange and saving them in a personal wallet.

[AmoreJaz]

They are very smart, even able to spend a lot of money to just take the investors' money. But we have experienced this many times, I'm sure of it. It's just that some of us are often negligent and in a hurry to do something, this has the potential to make it easier for them to carry out their actions.

I think the problem lies not in negligence, but in our greed. The desire to get a few hundred percent in a short time, closes our mind from reality. At the same time, the opportunity to earn 5-10% is no longer considered a good profit, although these percentages exceed what traditional banks offer us.

that's the problem of most people as they are after for the quick profits that this market can offer. they thought they can easily get high returns as a short period of time without much trouble to worry about.
indeed, most of these developers or so-called developers are after for the money that they can pocket, so it is on the user how he will protect himself from these people. they don't care how much money they can exhaust from or what problems you will encounter, as long as they can get what they want.

[Luffygroove]

The world of cryptocurrency is definitely brutal. We can still fall victim to scams even after making an effort to be cautious by conducting some research and being aware of red flags. It's still preferable to plowing money into arbitrary endeavors, though. However, you are correct that scammers are becoming more daring and are now defrauding individuals in broad daylight. Is it preferable for us to stay away from funding new ventures, then? However, it won't help (honest) new projects advance, and we risk losing wonderful projects in general.

[FinneysTrueVision]

I have come across these types of projects that market themselves as having a doxxed team or KYC'd team and they still scam. They just make up some lame excuse to try and cover up their rugpull and then they resurface a few months later with a new token being shilled by influencers.

[posi]

2. A audited smart contract project can still scam you.

This I see many people confused, many people think that the audited project is not capable of scam. This is extremely wrong thinking: auditing companies only check the security holes of the project, check the completeness of the project to avoid errors when releasing to avoid hacking…but no audit firm will come forward to assure us that the project is never scam if the audit is passed. An audited project presents itself as a well prepared one, with investing in it reducing risk, but nothing says they won't scam.

[Victorik]

Thanks for the info.
The obvious question running through my mind now is, how do we now know which is a scam and which is not? Because, before now, i use to believe that when a dev are public, then the likelihood of scam will be slim
 But these days, just like you rightly pointed out they can show their faces, give you their address and still scam you

Pretty scary what is going on out there.

[dlightag]

We are now in a era where scam devs don't care about anonymity anymore,  now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

That is truth, the rate of scam are increasing day by day in difference form to make them archived what them want, which every one have to be careful, must connecting of wallet as a means of claiming airdrop or recievd of token that is not in your wallet, the moment connect the wallet to enable to trade it, automatically warp off the valuable coins that is in that wallet, therefore, newbie has to be careful in this period. 

[Shasha80]

Thanks for the info.
The obvious question running through my mind now is, how do we now know which is a scam and which is not? Because, before now, i use to believe that when a dev are public, then the likelihood of scam will be slim
 But these days, just like you rightly pointed out they can show their faces, give you their address and still scam you

Pretty scary what is going on out there.

Maybe because of bad economic conditions, which ultimately makes many fraudsters more daring to commit fraud. This means that they risk their
identity to commit fraud, most importantly they can convince their victims. That's why it must be admitted that nowadays it's more difficult to
distinguish which projects are scams and which projects are really legit. Even experienced and reputable bounty managers can still be fooled
by promoting scam projects. It's true that life is really scary now, most humans have lost their conscience. Which is quite a lot of people who are
more concerned with money above all else, including harming others they will do for personal gain. So we really have to be really vigilant and more
careful in choosing the projects we will buy.

[jostorres]

I have come across these types of projects that market themselves as having a doxxed team or KYC'd team and they still scam. They just make up some lame excuse to try and cover up their rugpull and then they resurface a few months later with a new token being shilled by influencers.

I think that wouldn't be that easy, I mean not saying it’s not possible, but it would be quite difficult to do something like that and get away with it.

If you know who the creator is truly, then if that person scams you, even if they give some lame excuse, you could still sue them if you want to, and they are taking that risk, I personally wouldn't want to scam someone for ethical reasons, but even if I ever decided to do that, doing it with KYC'd and Doxxed standpoint would mean that people would know where I am and who I am and that’s too much of a risk. Once again, there could be some people who do it, but mostly it should be very scary for scammers to do that.

[NicNacCoin]

Beginners mostly have a limited ability to research, even on legitimate projects that sometimes don't yield good results. So the simplified advice for them is:
Want stable P/L (manageable) = take advantage of volatility (old established coins > trading)
Want significant P/L (unmanageable)= take advantage of hype (New coins> fundraising)

The choice is yours, it's that simple.

Yes of course freshers have some experience to research the project.But there are many scam projects who will never pay and cheat people Again there are many good projects and there are real projects which again sometimes do not pay.Many times I have seen many legitimate schemes have scammed people.So I support all the suggestions the OP has made here.

[GreatArkansas]

Beginners mostly have a limited ability to research, even on legitimate projects that sometimes don't yield good results. So the simplified advice for them is:
Want stable P/L (manageable) = take advantage of volatility (old established coins > trading)
Want significant P/L (unmanageable)= take advantage of hype (New coins> fundraising)

The choice is yours, it's that simple.

Yes of course freshers have some experience to research the project.But there are many scam projects who will never pay and cheat people Again there are many good projects and there are real projects which again sometimes do not pay.Many times I have seen many legitimate schemes have scammed people.So I support all the suggestions the OP has made here.

Most newbies are coming from hype, there is a lot of hype now, especially on different social media platforms. There are some content creators that are spreading some different content just to lure some newbies and buy random shitcoins. It's the power of the internet. And these newbies don't research at all or not maximizing the use of internet and they end up getting rekt.

[lienfaye]

Most newbies are coming from hype, there is a lot of hype now, especially on different social media platforms. There are some content creators that are spreading some different content just to lure some newbies and buy random shitcoins. It's the power of the internet. And these newbies don't research at all or not maximizing the use of internet and they end up getting rekt.

Indeed. The hype and the advertisement from popular content creators are some of the reasons on why many people are engaging themselves to invest even without knowledge and just following what they see on different social media platforms believing they can really gain. These scammers will do everything they can for their projects to look more legit.

That's why it's hard to trust the new projects even they have transparent team because it's not only a basis to know if the project is not scam. An extensive reasearch is really important in order to avoid ending up losing your hard-earned money because you made a wrong choice.