Will scams and Rug pull ever stop

[bigcash2011]

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.

[TERMINO]

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.

[Papa Bear]

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.

[kent47400]

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.

[Astra]

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.

[Speaker]

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.

[gurunanakji777]

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.

[mahadev]

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

[satpol_PP]

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.

[Max Way]

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.

[Speaker]

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.

[Jaephoenix]

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

[Severus Snaoe]

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.

[carcas]

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

[owmivmen]

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