Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on June 10, 2021, 12:30:14 PM
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
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There are a lot of scammers in the cryptocurrency field and you always need to be very careful, you can also create a cryptocurrency project in a matter of hours and start selling tokens of this project almost instantly, and therefore people constantly create scam projects in which investors invest a lot of money and then these investors are left without money and most importantly, almost no one fights against these scammers.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
In some aspect, I believe you have a point, But just remember crypto industry is partly speculative, meaning it was partly driven with speculation, and most of the time investors are always doing that even in the established projects the risk is always there, but it's minimal compared to the newly created projects, let me say my point if you are a risk-taker then investing in a new project is good for you just picked only the potential one.
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Yes for sure scams will never become 0. In every section of our life it is very normal to find scammers. Scam,mers can be found in almost every sector rlated to money somehow. Crypto is also not different from it. But as crypto ios an emerging industry and you can be anonymous and mostly people are very greedy here there is a very high number of scams going on so be careful.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
No, scams and rugpull will never stop.
We will see them at every investment.
We must be careful to choose the projects and coins.
If they have good team, I think we will never scams.
They will be success.
Learning their projects, team, read the White paper, road map and always follow their social media.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
There are a lot of new BSC projects that Rug Pulled recently, i was one of the victim investing there. Investors invest in new project for more profits than old and established project but recently rug pull incident are dramatically increasing. This is alarming. We have to be more cautious before selecting new projects.
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My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
But how do some here in the forum get rich overnight if they wouldn't buy cheap junk?
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Yeah, I support your opinion. Many new investors suffer from FOMO and invest in new and well-known projects like SHIB, like LINA or TLM, while not fully understanding the technology and position of the token price. They often buy when the price is already high and sell when the price has decreased, they will feed the market.
I always recommend looking for top altcoins like ETH, BNB, LTC, BCH, EOS, MIOTA, XRP, XLM, XMR… but they say top coins will grow slowly. They want to find projects with token price x10 within a week ^^
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Scam and rug pull are as a result of greed and ad long as greed still exist in people this terrible act will never stop, we have many blockchain project in the market but only few are genuine, the rest were created to scam, rug pull and disappear, they have no goal and explanation except cheat people and run away.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
Agreed. Every market, even highly regulated ones, has scams. So, barely regulated crypto space will continue to witness scams and rug pulls in the future too. But I believe the number of them will decrease with regulations and conscious investors.
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The crypto market is so potential and attracts many investors, and of course it becomes the target of scammers. Inexperienced new investors easily believe that a certain token will become famous and bring them huge profits, so they often buy trending low-cap coins or meme-coins.
In the past few months, there are dozens of new projects born on BSC and most of them are scams: meme-coins (dog, goat, cat, fish…), DeFi, media… The scary thing is that they have huge bounty bounty and airdrop campaigns to promote project and appropriate investors' assets.
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Hello my friend , I can agree with you on that , as long as Cryptocurrenies world brings a great profit scams and rug bull will never stop , also there is many people who join this world every day so it's going to be easy to scam them and steal Thier money , in my opinion we should always be careful of scammers because they so smart and their offers very attempting .
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Its human behavior. Once there is an unregulated burgeoning niche, all kinds of criminal activities would develop
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Fraud is and always will be where public relations are associated with any financial issue. Cryptocurrency is a fraudulent paradise due to the fact that it has a high level of anonymity and confidentiality, as well as decentralized. The fact that it exists on the Internet also contributes to the development of fraud in cryptocurrency and therefore a fraudster can be located in any state and anywhere in our planet and this greatly complicates the work of law enforcement agencies. Therefore, cryptocurrency fraud, in my opinion, will only grow and increase in volume over time.
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I think Cryptocurrency is a free market where everything called project comes in and goes out that alone can be the reason there's going to be more increase in scam project and rug pull for now I don't think there's going to be a stop in cryptocurrency fraud since there's no regulatory body regulating the Cryptocurrency system. in my opinion concerning scam project is that everybody should be aware of new Cryptocurrency project.
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Cryptocurrency has a lot of cycles of corruption and you should always be careful. There are a lot of bad cycles out there who come up with different new projects at different times and investors here cheat by investing.As long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds.Yes for sure scams will never become zero.Investors invest in new project for more profits than old and established project but recently the number of fake projects is increasing.So be careful.
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I think investors should keep their funds in old projects. New projects are adversely affecting the cryptocurrency market. I was annoyed with cryptocurrency at some point in the end of 2017. From then until 2018 the market situation was going to get worse in stages. Most of the new projects started to be fraudulent. Now that time has reappeared. Such new projects have now falsified the binance smartchain network. Because any token in this network is showing lequidety in pancake. But there is no trade in the market. So I think the current market is the best time to lose funds.
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As long as there is big money that can be made here in this industry and as long as there are people still here, we can expect that scams and frauds to even accelerate. Sadly, many people can be victimized and right now there are so many creative ways that scammers and hackers can get their own pockets full of money or coins coming from poor unwilling victims. Days ago, I was shocked to find out that my BAKE tokens were withdrawn without me knowing it from my TrustWallet account - surprised because I am so sure I never shared my seed phrases to anyone and I am already aware of many phishing tactics. Sometimes no matter how careful we can be, nothing is really enough as these evil hackers and scammers are always ahead of the game.
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I think no. Rug pull project is rampant due to high profit in return which actually the motive is to cheat the community and leave. They are kind and very active at the beginning then leave immediately after collect huge fund from the investors. I agree we should stick to developed project for security.
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I'm actually really mad at people doing the rug pull and scams that are happening all the time now. But what can I do, except be vigilant and careful with my own assets. Because I also believe, scams and rug pulls will continue as long as this business Cryptocurrency exists.
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choosing a new project for investment must be with careful consideration. a lot of new projects end up being scams because we only think about profits without a long-term plan
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Its human behavior. Once there is an unregulated burgeoning niche, all kinds of criminal activities would develop
I could see a world way down the line where these things are so regulated the extent of illegitimate activity would be far lower than today...
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They are never stopped. What we can do is to improve our analysis, so we can avoid them. Scammers will be always there as long as the crypto market exists. They know how to get money from people, they always find new ways to scam. In this matter, we also need to improve our ability to know the scam signs. They sometimes don't use the same way to scam everyone.
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The name RugPull will certainly exist from various projects that are developed and it is very sad to regret and will definitely live our lives with sadness because our assets have been replaced with Shit Tokens.
It's better to be careful with new projects being developed, because it's better to choose existing projects such as Bitcoin, Ethereum and Binance coins.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
No, I have read many opinions here, I agree I think scams and rug pull never stop.
But We can reduce the lost, by learn the coin that you will invest.
See the team and the project, you will get clue .
I have learn several roadmap, white paper and the team before consider to invest. That's my way.
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IT is getting worst every day. the rate at which people fell for scammers are at alarming rate. with the information been shared and people been remindered about the conditions involved in scams. yet people risk their funds in order to double up . every investment has its up side and down side. crypto might be here to stay but as long as it is decentralized, everyone including scammers will make use of it.
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This is the crypto world, online businesses where money can come very easily from the projects. And yeah we cannot stop the scams and also rug pull so far moreover we don't have any community that are really concerning on that kind of projects.So becareul
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This is the crypto world, online businesses where money can come very easily from the projects. And yeah we cannot stop the scams and also rug pull so far moreover we don't have any community that are really concerning on that kind of projects.So becareul
Yes, I agree with. No one can stop rug pull, so far I see there are many scam projects. So be careful.
That's will happen all the time. We will see good project that successful and we also see scam projects.
Learn the project and the team.
Because every business has risk.
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Cryptocurrency is a good market.There must be some corruption everywhere along the way and these are caused by some bad people. There are a lot of scammers in cryptocurrency and we always have to be very careful. We have to be careful in work, investment, purchase and in all cases. Disappeared again. They have no purpose or explanation other than to deceive and deceive people. So we always have to be careful. Cryptocurrency market is definitely a good market. From here you can achieve success but you have to be careful.
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Recently many investors are victimized of Rug Pull after Binance Smart Chain becoming popular. Many new projects are coming by creating tokens within few minutes and build website , telegram channel and try to draw attention of the investors. Many investors fall into their trap and loss their money. Greedy and cheater will always exist but their morality lost.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
defi is a scammer's newest way to steal investors' money...
rug pul is the most sucking phenomenon that often occurs in the defi market today, every day there are dozens of new BSC tokens created and rug pul that same day. I also recommend investing in cryptocurrencies that already have a good reputation.
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rug pul is the most sucking phenomenon that often occurs in the defi market today, every day there are dozens of new BSC tokens created and rug pul that same day. I also recommend investing in cryptocurrencies that already have a good reputation.
What you say is true, and many people have suffered great losses because of this event. How not when the token price just goes up, and we buy in large quantities but suddenly the price is a big dump, it really hurts because it makes us lose big.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
Basically, Investing in cryptocurrencies is a huge risk and once you have decided to go into this space you must be prepared for some loss. Investors don't only lose funds investing in new projects, many investors lost good monies in the recent market dip even in the investment on well-developed projects like Bitcoin and Ethereum. The only thing is you have to know when to invest and for what period, short/long term and not to be greedy and every other thing is luck because scams and Rug pull are part of the market.
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In a way, I think you are right, but remember that the cryptocurrency industry is somewhat speculative. However, partly driven by speculation, and for the most part, investors always say that risk is always present, even in established projects. But this is negligible compared to the newly created project. Better to take risks and invest in new projects. I only chose the potential.
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Hell no. Its just like asking if crime would ever stop in humanity. Not gonna happen. All we can do is minimize it
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Where there is a lot of money, there will always be scammers, especially the cryptocurrency is anonymous, there is no escape from this, any investor or trader should understand this, and it is necessary not to neglect the security rules of their assets.
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Where there is a lot of money, there will always be scammers, especially the cryptocurrency is anonymous, there is no escape from this, any investor or trader should understand this, and it is necessary not to neglect the security rules of their assets.
You are right, we must be ready to accept any risk, because there are indeed many scamers, but there are not a few who can be trusted, we must better understand what crypto we will hold
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there are no funds. Many have lost their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
As long as there is money in bitcoin or cryptocurrency, I doubt that scammers won't stop finding the victim who has the capital to invest in something here in this type of business industry. they might stop only if crypto or bitcoin will disappear in the industry but that is not possible anyway.
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I believe as far as crypto space is concern I don't really think you can ever stop scam project and rug pull will will definitely continue. I believe there are still good project that still going to enter crypto market so before investing in any new project make sure you do your research well before investing and if you don't really know much about cryptocurrency is better you invest in already developed projects.
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It's hard to miss this moment because this moment is really very difficult to predict because this fraud project in cryptocurrency is really very neat and very thorough.
There are so many coins that end RugPul slowly and can even take more than 1 year and then the coin dies without knowing the jungle left by the dev.
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Right stick to the project that already developed if you don't want to get scam.. Investing in the new project is very risky but you can make big profit if you lucky to invest a good project, you should DYOR before to invest.
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It is difficult to say that in the near future, scam projects will disappear, professionals are working on this, who still can not cope with this task. To do this, you need to create an organization that will take a pre-stated amount from the bounty campaign.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
Yes, I agree, rug pull never stop, it will happen continuously at crypto word.
We should see the fundamental of project, team and man behind the project.
I think It's really difficult. We must be carreful.
Because there are many scam projects.
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It's not possible to stop Rug Pull and Scams totally until all people of the world will become moral person. Is it possible? Totally not.
Scammers don't have morality, they are always talent but they invest their talent in evil deeds not for well being. In virtual world, most of the projects owners are either scammer or repeated scammers.
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I believed it cannot be stopped but it can be minimized. We just need to strengthen the cryptocurrency regulation with the help of the government so that it can protect people from getting scams.
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If you are sensitive to such risks or cannot afford to lose then only stick with the top and reputed projects that are transparent and working without any problem from last few years.
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If you are sensitive to such risks or cannot afford to lose then only stick with the top and reputed projects that are transparent and working without any problem from last few years.
Crypto from before is risky til now. I think the cycle of rug pull and scam will not stop due to money and easy to earn profit. I agree, to avoid so much risk we should stick in top coins and avoid the new coins.
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In a way, I'm sure there are factors, but keep in mind that cryptocurrency companies are partly speculative. This means that partly driven by speculation, buyers continue to spend as much time as possible, even on projects that have already been completed. Threats are usually present there, but let me say they are minimal compared to newly created projects. If risk and investing in a new company is right for you, just choose the competency that suits you best.
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If you are sensitive to such risks or cannot afford to lose then only stick with the top and reputed projects that are transparent and working without any problem from last few years.
Yeps, it's better if we support projects that are already running like Ethereum, BNB, EOS, TRON, LINK, Polkadot or more accurately support Bitcoin.
The purpose of supporting here is to buy and trade famous coins or become a long term holder of famous coins.
Afraid of the newly created cryptocurrency, it is better if we avoid it and prefer famous coins like Bitcoin.
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If you are sensitive to such risks or cannot afford to lose then only stick with the top and reputed projects that are transparent and working without any problem from last few years.
Not everything is so clear in the cryptocurrency market. All the current good projects with large capitalization and existing in this market for more than one year were also once new projects. Those who have invested in them from the very beginning have a great profit. Now, sometimes similar projects also appear. The main thing is the ability to distinguish them in time. If this succeeds, then they bring much more profit than the already well-known ones like bitcoin or ethereum.
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Yes, but do not forget that it was easier to enter the market earlier, the investor was less sophisticated and regulators were not so closely watching the entire crypto industry.
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It is possible only when the market will regulate and no anonymous dev or team is allowed to introduce the project but honestly speaking I don't believe it will be stopped. Scammers will keep scamming people in new ways. Yes, its always better to buy the old and tested coins to reduce the risk of getting scammed.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
No, I think scam and rugpul cannot be stopped, It will always be there.
We should have good knowledge and analysis to detect scan or rugpul.
Always learning about crypto and projects
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If there is rule that control scammers, I think It will be stopped.
But we know team projects didn't fill KYC.
Maybe if project team be KYCed, I think we can against or reduce scammers team.
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If there is rule that control scammers, I think It will be stopped.
But we know team projects didn't fill KYC.
Maybe if project team be KYCed, I think we can against or reduce scammers team.
Every crowd there will definitely be people who take advantage of it, especially crypto basically prioritizes privacy. in this case it becomes a gap for secammers to have the opportunity to make profits. We can only be more careful in investing funds and also provide our data.
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Unfortunately, cryptocurrency has not been associated with privacy for a long time, and the further regulators pay attention to it, the more it manifests itself.
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I think so too. In fact rug pulls are now a regular background scenario in crypto : Another day, another heist. Just yesterday or so, Yieldtopia answered the rug call, and hard rugged its investor. Apart from draining the liquidity pool, they deleted their websites and social media handles. The way forward is unpalatable to crypto die hards but it is regulation. That makes sure scammy projects are screened out and compulsory KYCs done
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Haha. Scams these are never gonna stop until and unless, people stops getting jealous. People are the most one to blame here. They only create scams and we fall for that. And later on the company runs away. People are hungry for money so they can do anything to create scams and make people pay.
So if we talk about rug pull that also isn't going to stop because of the influence in the market. For this also people are only to blame for. They are only responsible for rug Pull.
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The answer is No. capital No. as long as the crypto market capitalization keeps increasing, more scams and rug pull will continue o happen. as long as the system is decentralized with no central governance, New projects will start up and disappear if there is no funds. Many has lose their source of income in crypto.
My advice: stick to the already developed projects. and avoid these recent new projects with no solid foundation and funds. Most will fail.
I agree because crypto continues to grow and there is enthusiasm to create new projects that create high scam opportunities. The thing to note before investing in crypto or a new project is to learn more about the project you want to invest in to reduce the risk of being exposed to a scam project
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scams and fraudulent acts will never end as the crypto industry continues to grow and generate new projects. only need to study and research before investing to avoid the risk of loss
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Scams are nothing new in the financial markets and will continue to prevail in the coming time. Often new traders get in the trap of these con artists because they don’t want to work hard, they want easy money. You can’t remove scammers from the market but you can protect yourself.
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Yes, Internet hygiene is an important component in our time.Those who neglect simple rules will regret it later.
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Cryptocurrency is an ideal environment for various kinds of scammers, hackers and other criminals. This is facilitated by the relative anonymity of the participants in this market, the almost complete absence of its regulation, the ability to commit their crimes from anywhere in the world where the Internet is available, the constant presence of inexperienced market participants who are easy to deceive, and of course, the high concentration of capital in cryptocurrency.
Since general crime cannot be defeated in our society, it will be impossible to deal with it in the world of cryptocurrency. Perhaps its volumes will gradually decrease as the influence of these causes is eliminated or reduced, but all the same, crime is probably an eternal phenomenon in our society.
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Those cryptocurrency projects that have reached the top position of SMS require attention. I never invest in fraudulent projects, because there is no point. On poocoin, new coins, having collected enough money, immediately disappear. Let's be honest, it's true. Why then buy if you burn out.
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When there is a clear regulation of the industry and the first major prison sentences, the number of fraudulent projects will be sharply reduced.
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Scammers will always be there. At crypto currency, we must be careful and always learn about the project and the team.
Because many scammers there .
So, we should have good research before invest.
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Sometimes you don't expect a trick at all...therefore, you can analyze the project, funds, and team along and across and still not be sure that tomorrow it will not turn out to be a scam.
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In crypto economy, and on these form of funds raising like ICOs, IEOs, IDOs, there is no way anyone or the crypto companies will be able to wipe out scams completely. In as much as there are good projects, there must also be the possibility of some scam projects that will defraud investors. in fact, there can't be a stop to scam; we are only required to be very vigilant and do a thorough research on the new start up projects before investing.
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As far as I remember, cryptocurrency has been looking for a solution to the problem of fraud for so long and has not yet been found, but seeing what is happening now, there is less scam. But projects are also becoming much smaller.
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Scams are nothing new in the financial markets and will continue to prevail in the coming time. Often new traders get in the trap of these con artists because they don’t want to work hard, they want easy money. You can’t remove scammers from the market but you can protect yourself.
Maybe until the regulation is not fixed in a country, the scam and rug pull will not disappear in my opinion. Therefore, the only thing we can do as community investors is to be careful and critical in every business we enter or invest in so we don't become victims of scammers.
Because if we are not careful and smart about these types of scammers' modus operandi, it will surely happen a few times that we become their victims in something that is not good.
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If there is rule that control scammers, I think It will be stopped.
But we know team projects didn't fill KYC.
Maybe if project team be KYCed, I think we can against or reduce scammers team.
Fraud and hacking will flourish in the cryptocurrency market for a long time to come. There are a lot of factors coming together here. This is the relative anonymity of the participants in this market, and the difficulty in establishing the location of the attacker, and many gullible newcomers. But practically the most important thing is that this industry is still poorly regulated by the states. If the teams of new projects were registered and left copies of their documents with the relevant government agencies, there would be much less fraud. But anyway, scammers will find ways to make money on gullible citizens.
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Honestly they won't stop because there are always two types of people in the world, one is hard work and other scammers and these people can't think of legit ways to earn money, they tend to fool innocent people hard earned money, then only they seem that their day has ended.
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Honestly they won't stop because there are always two types of people in the world, one is hard work and other scammers and these people can't think of legit ways to earn money, they tend to fool innocent people hard earned money, then only they seem that their day has ended.
Good comment, ther are two type of people, hard word and scammers.
No one can stop scammers.
Scammers will always scam other and they will have many ways to do.
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Rugpull cannot be carried out if the project team does not sell a large number of tokens, and the team does not withdraw LP.
Yes, it's hard to see a promising project, some projects are fraudulent due to lack of funds for development
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Rugpull cannot be carried out if the project team does not sell a large number of tokens, and the team does not withdraw LP.
Yes, it's hard to see a promising project, some projects are fraudulent due to lack of funds for development
I think we should more careful during bearish because many investors prefer to hold than invest in new project.
They more confident in top coin. It's safer.
Many scammers in new projects
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The bear market will show us fraudulent projects, many of which will not survive it.
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Fraud in crypto will always exist because there are no regulations or legal rules regarding new projects in crypto, but this is the risk of investing, we profit when we get a good project.
New projects are currently being created, despite the ongoing bear market, many projects above rank 2000 are still surviving despite their declining trading volume.
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I'm afraid the answer is no, never. In fact, scams and rugpulls are going to be more sophisticated and complex as cryptocurrencies get more investor dollars and worldwide attention. Also with no regulations and restrictive laws, criminal elements would love the Wild West scenario of crypto
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It will take a long time before the market becomes regulated and transparent
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Fraud in crypto will always exist because there are no regulations or legal rules regarding new projects in crypto, but this is the risk of investing, we profit when we get a good project.
New projects are currently being created, despite the ongoing bear market, many projects above rank 2000 are still surviving despite their declining trading volume.
If in the ordinary spheres of human life it is impossible to eradicate fraud and various kinds of abuse, then in the practically unregulated sector of digital money, with a high degree of anonymity and confidentiality of its participants, it will be impossible to eradicate these phenomena at all. In any case, in the foreseeable future, this is not even worth hoping for. Moreover, the reserve of beginners, who can be very easily deceived, is still very large. After all, only no more than 20 percent of people are familiar with cryptocurrency and this market.