Don't trust easily all BSC tokens

[legend45]

Talking about shitcoins and fraud in the crypto world, I have no way or rules that can prevent it.  Crypto is semi anonymous.  So we can't track and find out who the fraudster is, because it could be that the fraudster is using fictitious data.

You are absolutely right, but when it comes to tracking down a project that is a scam, it is quite easy, until now fraudsters prefer not to provide information about the team behind the project so that indications of a scam will not be visible. Usually investors will check via the DNS used by website used by this project and after that, see the faces of the #DevelopmentTeam  for this project. What is clear is that in the world of cryptocurrency, you must remain vigilant when connecting wallets or buying and selling cryptocurrency transactions.

Can you explain how to detect whether a project is a scam or not in detail, because I'm still confused about detecting the project. because several times I participated in the bounty it was a scam, buying coins during presale was also a scam. Everything uses the BSC network

[Doovla]

Recognise if BSC network project is scam is almost define by impossible because of so convincing content and appearance of the entire functioning of the project and distribution as well as participation so it is risky always to enter any project.

[Freemind]

You are absolutely right, but when it comes to tracking down a project that is a scam, it is quite easy, until now fraudsters prefer not to provide information about the team behind the project so that indications of a scam will not be visible. Usually investors will check via the DNS used by website used by this project and after that, see the faces of the #DevelopmentTeam  for this project. What is clear is that in the world of cryptocurrency, you must remain vigilant when connecting wallets or buying and selling cryptocurrency transactions.

Sometimes the fact that a project team wants to remain as anonymous as possible is not a red flag that it is a scam. Mixers is a clear example of what I am saying, since it is necessary for the team not to show its face due to possible legal problems in some countries, and looking up DNS doesn't always work since they can use Tor and not have a website on clearnet.

Scammers also learn new ways to trick people who want to invest, and unfortunately, there is no 100% reliable method to avoid scams, especially in the cryptocurrency industry.

[yohananaomi]

Because the BSC network is the most widely used, so it is not impossible that many frauds will target this network. But we can't really blame it, because now fraud has become a source of livelihood for enrichment. Even though maybe a few people can be fooled, if you do it often, there will certainly be lots of results.

 Yeah, we must always be careful. I think not only in BSC network, scammers will always be everywhere. BSC is very popular and uses it a lot, that's why there are a lot of fraudsters there. Many fake koin and fake project, that scam many newbies.

I agree with you, we always have to be more careful, even though we can believe something that looks very trustworthy, but at least we have to continue to be willing to analyze it properly before making a decision. This is a common thing which will always happen to those who are more popular as targets for fraud, because the population is higher, always hoping that someone will be fooled.
It's not a question of whether you're a beginner or not, sometimes those who have already experienced it can also be affected, because the lust for profit blinds them to making mistakes again.

[IvugeoEvolutionCoin]

I agree with you, we always have to be more careful, even though we can believe something that looks very trustworthy, but at least we have to continue to be willing to analyze it properly before making a decision. This is a common thing which will always happen to those who are more popular as targets for fraud, because the population is higher, always hoping that someone will be fooled.
It's not a question of whether you're a beginner or not, sometimes those who have already experienced it can also be affected, because the lust for profit blinds them to making mistakes again.[/size]

Yeah In conclusion, when trading, you must remain alert and not appear greedy because usually uncontrolled greed will only miss the opportunity for profits that you can get. At least you must be able to control your emotions well to get lots of profits that are in accordance with your conditions.

[pacar_tiri]

Can you explain how to detect whether a project is a scam or not in detail, because I'm still confused about detecting the project. because several times I participated in the bounty it was a scam, buying coins during presale was also a scam. Everything uses the BSC network

Many bounties or airdrops that use the BSC network are scams and there is no guarantee that the method they provide is appropriate because up to now no one can provide information with certainty on how to detect a scam project from the start. If anyone wants to provide information then This is not possible in an open forum like this and it will be better to maintain privacy so that the developer of this project does not know that there is already a way to find out that the project is a scam.

[yohananaomi]

Yeah In conclusion, when trading, you must remain alert and not appear greedy because usually uncontrolled greed will only miss the opportunity for profits that you can get. At least you must be able to control your emotions well to get lots of profits that are in accordance with your conditions.

That's right friend, greed because you have got it but are not satisfied will have an impact on continuing to do it. In the end, forget the main goal of seeking profits from the calculations that have been done, and don't try to overdo it, because something undesirable can always happen.

Indeed, when you get what you want, there is a feeling of dissatisfaction and emotions that cannot be controlled and that is the characteristic that ultimately means that what is hoped for is not achieved.
Always adapting to what will be achieved is the best thing to do.

[IvugeoEvolutionCoin]

That's right friend, greed because you have got it but are not satisfied will have an impact on continuing to do it. In the end, forget the main goal of seeking profits from the calculations that have been done, and don't try to overdo it, because something undesirable can always happen.

Indeed, when you get what you want, there is a feeling of dissatisfaction and emotions that cannot be controlled and that is the characteristic that ultimately means that what is hoped for is not achieved.
Always adapting to what will be achieved is the best thing to do.

Greed in the world of trading is indeed very scary because when you have made a profit when trading but you don't withdraw the profit immediately then you will miss the opportunity to sell at a high price and that will definitely make you regret it, so when you have made a lot of profit then you must immediately sell and get out. from that position and wait until the price collapses again to enter again with the same amount of capital.

[DAMKAR]

Greed in the world of trading is indeed very scary because when you have made a profit when trading but you don't withdraw the profit immediately then you will miss the opportunity to sell at a high price and that will definitely make you regret it, so when you have made a lot of profit then you must immediately sell and get out. from that position and wait until the price collapses again to enter again with the same amount of capital.

This will always be a fundamental problem for everyone investing in crypto, greed will always be a problem we have to face. There are many new projects that promise big profits, it's best to do your research first, because there are lots of scammers there, especially in BSC tokens, it's too easy to make coins there. Don't be greedy and always be careful.

[EthereumDev_]

This will always be a fundamental problem for everyone investing in crypto, greed will always be a problem we have to face. There are many new projects that promise big profits, it's best to do your research first, because there are lots of scammers there, especially in BSC tokens, it's too easy to make coins there. Don't be greedy and always be careful.

As you said, the BSC Network is often used by criminals to create new projects and lure victims with the various benefits it offers and currently many are becoming victims when they connect their personal wallets to sites that are used to lure traders who are still not have a lot of experience.

[UNIVERSE]

This will always be a fundamental problem for everyone investing in crypto, greed will always be a problem we have to face. There are many new projects that promise big profits, it's best to do your research first, because there are lots of scammers there, especially in BSC tokens, it's too easy to make coins there. Don't be greedy and always be careful.

As you said, the BSC Network is often used by criminals to create new projects and lure victims with the various benefits it offers and currently many are becoming victims when they connect their personal wallets to sites that are used to lure traders who are still not have a lot of experience.

Of course, there are many scammers who currently choose to use the BSC network, because perhaps this network is one of the most popular, with lower fees. In the past, there were also a lot of scammers on the ERC20 network, and that was really extraordinary. However, nowadays, they have many ways to carry out their scams with various types of networks available.

[yohananaomi]

That's right friend, greed because you have got it but are not satisfied will have an impact on continuing to do it. In the end, forget the main goal of seeking profits from the calculations that have been done, and don't try to overdo it, because something undesirable can always happen.

Indeed, when you get what you want, there is a feeling of dissatisfaction and emotions that cannot be controlled and that is the characteristic that ultimately means that what is hoped for is not achieved.
Always adapting to what will be achieved is the best thing to do.

Greed in the world of trading is indeed very scary because when you have made a profit when trading but you don't withdraw the profit immediately then you will miss the opportunity to sell at a high price and that will definitely make you regret it, so when you have made a lot of profit then you must immediately sell and get out. from that position and wait until the price collapses again to enter again with the same amount of capital.

It is a very human thing that humans are full of greed. It is true that you say, when you have reached the peak of profit that has been determined perhaps for a long time, they should make sales as soon as possible so that the existing moment is not left behind.
When they have made a profit, Continue to wait patiently to be able to buy at the corrected price. Obviously, this is the wisest way for a trader to do it. But once again, human nature, which is greedy and dissatisfied, sometimes forgets that.

[therozaq]

Of course, there are many scammers who currently choose to use the BSC network, because perhaps this network is one of the most popular, with lower fees. In the past, there were also a lot of scammers on the ERC20 network, and that was really extraordinary. However, nowadays, they have many ways to carry out their scams with various types of networks available.

it is currently easier and cheaper to use the binance smart chain network than ERC20. that's why there are lots of scammers there. We have to be careful. do research before choosing a token or project so that we don't get cheated.

[TopT3ns]

it is currently easier and cheaper to use the binance smart chain network than ERC20. that's why there are lots of scammers there. We have to be careful. do research before choosing a token or project so that we don't get cheated.

It seems that it is normal for the BSC Network to become a nest for fraudsters who want to try to drain all assets connected to several sites that were deliberately installed by hackers to drain your wallet. This is all due to the cheap cost of creating new tokens so it is misused by people who want to make quick profits.

[yohananaomi]

it is currently easier and cheaper to use the binance smart chain network than ERC20. that's why there are lots of scammers there. We have to be careful. do research before choosing a token or project so that we don't get cheated.

And it is difficult for ERC20 to reduce the costs it has to charge compared to BSC. This is, of course, very unfortunate, because if it is cheaper, it will be good competition.
BSC is like sugar, where it is always surrounded by ants, because it is easy and cheap, lots of new projects are growing there, so you have to be observant and analyze well before being fooled.