Gaurd yourself this year against crypto scams

[yhiaali3]

Yes, the last tip is my favorite: “Invest only in Bitcoin.”

I might agree, but what's funny is that on the very same day that the OP created this thread advising people to invest only in Bitcoin, he also created another thread that says "pick only 2 altcoins invest in." Lol. So which is which? Invest only in Bitcoin or we can also invest in altcoins but we should limit it to only 2?

I don't know about the other topic that Op wrote, but if that were true, it would be really contradictory. A person should at least believe in the words he says. Who would believe him if he said something here and then said something completely different somewhere else on the same day?

When you want to give advice, you must believe in what you say or at least have experience so that people believe in your words. However, if you say contradictory words, the result will be negative and no one will care about your words.

[0t3p0t]

There is a tendency to always think of newbies as possible victims, and we try to guide them, but one of the main mistakes is thinking that it will never happen to us, so, overconfidence is what we have to take care of.

The best scam is the one we don't know about, it's obvious, that's why you have to stay informed regardless of your level of knowledge and experience.

You nailed it mate. Even people who has knowledge about cryptocurrency  aren't safe because sometimes we are dominated by greed. I know people that are into crypto but still they fall victim to scams.

[eye-con]

Yes, the last tip is my favorite: “Invest only in Bitcoin.”

I might agree, but what's funny is that on the very same day that the OP created this thread advising people to invest only in Bitcoin, he also created another thread that says "pick only 2 altcoins invest in." Lol. So which is which? Invest only in Bitcoin or we can also invest in altcoins but we should limit it to only 2?

I don't know about the other topic that Op wrote, but if that were true, it would be really contradictory. A person should at least believe in the words he says. Who would believe him if he said something here and then said something completely different somewhere else on the same day?

When you want to give advice, you must believe in what you say or at least have experience so that people believe in your words. However, if you say contradictory words, the result will be negative and no one will care about your words.

I agree. It's hard for people to trust someone who changes their investment strategy every day. Furthermore, I believe that the reason for this inconsistency is that he doesn't follow his own advice. No one will believe him if he doesn't even know how to follow his own advice.  

[DapanasFruit]

One should always be careful with scams, frauds and too-good-to-be-true programs especially online. Because it would be a lot easier for scammers to reach out to millions these days, this illicit business has become a multi-billion dollar enterprise. In the crypto space, there are so many new projects and programs that are downright scams...and it is sad that they can be able to victimize people as they know how to appeal to greed. They are everywhere, in any industry but a lot noticeable here in cryptocurrency industry. Education is always the big key to combat scams.

[Kelvinid]

Guard and save yourself, and let the other people do their way. But if you want to keep safe, then invest only in Bitcoin, nothing else.
Yes, you're right --stop listening to influencers as they don't care about people's losses because they did it to perform their task even though it was a big lie/scam. For the sake of money...

Rugpulls are very know after the Tera Luna issue, many projects have followed and many will come next in the future. So we have to think wisely and only invest in projects that have real use cases, not just full of promises.

[Troytech]

Yes, the last tip is my favorite: “Invest only in Bitcoin.”

I might agree, but what's funny is that on the very same day that the OP created this thread advising people to invest only in Bitcoin, he also created another thread that says "pick only 2 altcoins invest in." Lol. So which is which? Invest only in Bitcoin or we can also invest in altcoins but we should limit it to only 2?

Sometimes people are inconsistent. They contradict their own statements or advice. They say one thing here and another there. What's funny is that the inconsistency happened on the very same day. Perhaps it's the eagerness to just give recycled advice.

I really find it hard how you to fail to understand simple English words, if I'm not mistaken I said if you must you can have only two altcoins to diversify. Now how is that contradictory, not every one would be okay with investing in only bitcoin, so what is bad about  been open minded for others.
And so far I've noticed you really don't have anything to say about how we can save ourselves from scam this year, find some other thread to engage in and shut 🤬

Una remember the story of  squid game, how they just come out with hype carry people money run. I no go fit advice say make una invest in only bitcoin, but make una try do good research, infact if possible pick only 2 altcoins invest in. But know say na only bitcoin wey dey fully guarantee.

This is the thread your talking about right. I wrote this in my local language, if your from Nigeria you can interpret for others too, I said "I can't advice anyone to invest in only bitcoin,  but you can try to do your own research, infact if possible pick only two altcoins and invest in. But know that only bitcoin is fully guaranteed."

Now how is this contradictory.
Mr fundamental, I guess you need to get yourself some fundamental information before going around spoiling people's reputation in this forum and I think you have to recycle ♻️ your mindset. I'm not very good at English speaking thats why my post might seem a little inconsistent, but nobody but you complained and Instead of contributing or giving correct to a newbie, you felt like showing superiority. Show good examples, next time Mr don't know what the fuck to contribute 😠.
If anyone from Nigeria can also translate what I've said for everyone to see too.

[lovesmayfamilis]

Protecting yourself from scammers has always been a hot issue, not only this year, as mentioned in the OP.
The topic of fraud will always be popular, as will the topic of everything new where people can make a profit. But also, even though we are aware of some methods of fraud, a regular reminder will always be relevant. There were and are a lot of projects that can be called "honeypot," and they are designed for investors in only one direction: to collect as much money as possible from investors and then leave with their money. For beginners, in order not to get a bunch of bad experiences, as the OP correctly noted, it is better to trust Bitcoin. And then, when the understanding comes that not all that glitters is beautiful, that is, if you see beautiful numbers talking about your quick profit, you should not invest your money in all this, you can take a closer look at some other coins.

[eightdots]

Protecting yourself from scammers has always been a hot issue, not only this year, as mentioned in the OP.
The topic of fraud will always be popular, as will the topic of everything new where people can make a profit. But also, even though we are aware of some methods of fraud, a regular reminder will always be relevant. There were and are a lot of projects that can be called "honeypot," and they are designed for investors in only one direction: to collect as much money as possible from investors and then leave with their money. For beginners, in order not to get a bunch of bad experiences, as the OP correctly noted, it is better to trust Bitcoin. And then, when the understanding comes that not all that glitters is beautiful, that is, if you see beautiful numbers talking about your quick profit, you should not invest your money in all this, you can take a closer look at some other coins.

Scammers will never stop what they are doing and will continue to look for different methods to defraud people. It is necessary to pay attention to projects like the ones you mentioned. So, we must research well and be careful when investing at a time like this. In the age of technology, fraud has increased and continues to increase.

The ambition to make easy money and become rich leads people to make mistakes. When this thought is prevented, many mistakes can be prevented. We must always be careful and protect ourselves not only this year but every year. For this, it is necessary to be knowledgeable and develop oneself against dangers.

[angrybirdy]

Guard and save yourself, and let the other people do their way. But if you want to keep safe, then invest only in Bitcoin, nothing else.
Yes, you're right --stop listening to influencers as they don't care about people's losses because they did it to perform their task even though it was a big lie/scam. For the sake of money...

Rugpulls are very know after the Tera Luna issue, many projects have followed and many will come next in the future. So we have to think wisely and only invest in projects that have real use cases, not just full of promises.

You can invest to other platforms as well, but you have to make sure and you need to make a research about that, to avoid scam and loss. I agree with you, I used to be amazed at influencers and how they market and promote the investments and services they offer, but now I'm slowly learning that they can trick other people, even if their claims on something are not true.they will make it a way to make it more believable in the eyes and minds of their viewers.

[Crypt0Gore]

Many people are probably going to hate this idea but the best way to guide yourself against crypto scam is to have more money in Bitcoin, like maybe 80% in BTC and use the rest 20% on other projects, because alternative projects are more risky than Bitcoin.

If the 20% failed Bitcoin won't fail you, this is a certain compare to altcoins, all you need to do is good research to make sure that you aren't making some scammers rich, mind you, scammers will always come up with better plans to scam people, be careful of greed and your ambition to make big money, if it's too good to be true its probably a scam.

You should be fine if you are not too greedy, go for the best and stop looking for huge money to make, it's better to the expose to small risks and make some money than be exposed to big risk projects and if loss comes with will come big.

[Nothingtodo]

One should always be aware of crypto capital scams however some projects are such scams that it is not easy to get rid of. But there are always unpleasant incidents like hacking that we have to be careful about. If you can always keep the Bitcoin wallets safe and secure, it seems that you can protect yourself from scamming.

[humanvelocity]

Wanna hear something simple and easy way to avoid any crypto scams?
"STAY AWAY FROM ANY GET RICH QUICK SCHEMES"
What comes quick also goes quick, So always try avoid looking for shortcuts and you will be fine.

[Stepstowealth]

Not to long from now one new Influencer would start promoting a new rugpull, pls let none of us fall for such silly tricks anymore we are way past that already.

The influencer may not just be someone online who has followers, it also can be a close friend or a close family member who may be promoting a new project, someone who you take their word seriously and they are telling you about a project and they may or may not know if it is a scam fake project or not because they themselves have been fooled. To avoid mistakes like this, always do your own research on projects even if they were introduced to you by someone with more knowledge in cryptocurrency than you, even if the project is being introduced to you by someone who introduced you to bitcoins, learn to verify.

[boty]

Not to long from now one new Influencer would start promoting a new rugpull, pls let none of us fall for such silly tricks anymore we are way past that already.

The influencer may not just be someone online who has followers, it also can be a close friend or a close family member who may be promoting a new project, someone who you take their word seriously and they are telling you about a project and they may or may not know if it is a scam fake project or not because they themselves have been fooled. To avoid mistakes like this, always do your own research on projects even if they were introduced to you by someone with more knowledge in cryptocurrency than you, even if the project is being introduced to you by someone who introduced you to bitcoins, learn to verify.

Those who introduce a new project will certainly only say good things and will not say anything bad about the project, so we cannot just believe about the project even though they have explained the project well and I agree with what you say we need to look for. Know this information yourself so that you don't make a mistake in deciding to enter this project, because if we only hear about the project from other people and we continue to try it, of course this will be very risky and we will lose the money we have.

[Finestream]

There is a tendency to always think of newbies as possible victims, and we try to guide them, but one of the main mistakes is thinking that it will never happen to us, so, overconfidence is what we have to take care of.

The best scam is the one we don't know about, it's obvious, that's why you have to stay informed regardless of your level of knowledge and experience.

You nailed it mate. Even people who has knowledge about cryptocurrency  aren't safe because sometimes we are dominated by greed. I know people that are into crypto but still they fall victim to scams.

As long as they find hints in them to be potential victims, regardless if they are new in the market or not, scammers will obviously target them in the best way possible. This is why everyone should exercise caution when investing or trading in the market because scammers will always have an eye on everyone and immediately take advantage on them whenever they see some lapses. Be informed always and continue to gain the right information as much as possible.

[itorai]

Wanna hear something simple and easy way to avoid any crypto scams?
"STAY AWAY FROM ANY GET RICH QUICK SCHEMES"
What comes quick also goes quick, So always try avoid looking for shortcuts and you will be fine.

Maybe everyone is aware of this, because I also feel that there is no get-rich-quick scheme even if there is it is very, very impossible to do, especially since getting rich is not easy and instant, it all requires a process that is so beautiful to go through and not everyone can go through it. For me, don't rush to get rich quickly because the rich will automatically come to our lives with a note that we are ready to get rich.

[Lanatsa]

Not to long from now one new Influencer would start promoting a new rugpull, pls let none of us fall for such silly tricks anymore we are way past that already.

The influencer may not just be someone online who has followers, it also can be a close friend or a close family member who may be promoting a new project, someone who you take their word seriously and they are telling you about a project and they may or may not know if it is a scam fake project or not because they themselves have been fooled. To avoid mistakes like this, always do your own research on projects even if they were introduced to you by someone with more knowledge in cryptocurrency than you, even if the project is being introduced to you by someone who introduced you to bitcoins, learn to verify.

always verify and always make some indepth research if ever there's something new information that you do able to grasps with. Dont make yourself that get easily fooled or would really be able to believe
because even if its your close friend or even into your own family, you cant really just that make out some step forward without trying out to verify whether its a good one or not.
No matter how you do trust them but when it comes to money then we should really be that skeptical about new recommendations and suggestions on which you should really be that checking
it out always whether its worth or not.

Its our money to invest not theirs, so it is really just that right that you should really be that making those in depth reviews and verifications so that you could
be able to see whether its really that worth for you to invest on or not. Dont make hasty decisions because this is where wrong decisions do made.
Be mindful and be wary about the risks involved and always pertain about its pros and cons most of the time.

[boyptc]

As much as many newbies invest to different cryptocurrencies, they won't invest on Bitcoin only. That's the fact that I've seen for so many of them.

They want to maximize their profit as they say because they will say that it's quite late investing in Bitcoin. So, what they do is they're on the search on the next crypto that will give them short term profit.

And having said that, the bad thing for many of them is that they're falling to scam projects just because for having that thought that they might make some money out of it.

[AmoreJaz]

As much as many newbies invest to different cryptocurrencies, they won't invest on Bitcoin only. That's the fact that I've seen for so many of them.

They want to maximize their profit as they say because they will say that it's quite late investing in Bitcoin. So, what they do is they're on the search on the next crypto that will give them short term profit.

And having said that, the bad thing for many of them is that they're falling to scam projects just because for having that thought that they might make some money out of it.

the mere fact that a lot of these crypto investors are into meme or hyped up tokens proved that indeed a lot of these users are after for the quick profits that they are aiming at. because they have the notion that this market is like a get-rich-quick scheme. and so they are chasing those projects that seem to be gaining interest from the community hoping that they will hit big time.

with how fraud is wildly spreading over the net, basically, anyone can be a victim of their scamming tactic. a lot are taking the bait because of the promise of high profits. and little did they know that it is all just a trap.

Not to long from now one new Influencer would start promoting a new rugpull, pls let none of us fall for such silly tricks anymore we are way past that already.

The influencer may not just be someone online who has followers, it also can be a close friend or a close family member who may be promoting a new project, someone who you take their word seriously and they are telling you about a project and they may or may not know if it is a scam fake project or not because they themselves have been fooled. To avoid mistakes like this, always do your own research on projects even if they were introduced to you by someone with more knowledge in cryptocurrency than you, even if the project is being introduced to you by someone who introduced you to bitcoins, learn to verify.

as we can easily now search over the net with basically anything that we need, it is now easy to learn possible scam projects if you just do your due diligence. a simple search can give you long list of related searches. so it is just stupidity if you take the bait of an obvious scam.

[taufik123]

-snip-
as we can easily now search over the net with basically anything that we need, it is now easy to learn possible scam projects if you just do your due diligence. a simple search can give you long list of related searches. so it is just stupidity if you take the bait of an obvious scam.

Due diligence requires some necessary tools to check whether the project is fraudulent or not.
There are many tools on the internet that can be used to do detailed research about teams, roadmaps and much more.

You can read the thread
[Guide] Prevent scam!! Some useful tools for find scam / fake ICO team 🌍 created by @The Cryptovator
https://bitcointalk.org/index.php?topic=4586576

There are many useful tools, although this is an old thread,
but it can be a good reference for researching a project, and now also added to the many AI tools that work well.

Not only about the stupidity of the victim, but the cleverness of scammers is now also increasing.
There are many new methods used by utilizing Ai and such, so scam projects look like profitable projects.
There are many projects that pop up and then just abandon or Rug pull all of a sudden, so anyone needs to be careful.