Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on December 28, 2020, 04:48:28 PM
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I strongly believed that everybody that has been involved in this crypto investment both traders, investors and holders has been affected by scam projects, hacks and many other exploit been experience in the crypto world. Most major investors will failed to call out projects they have invested that has fall from hero to zero but will always promote those that gave them fortunes.
everyone of us has been affected but we will keep moving on until we are all successful.
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I strongly believed that everybody that has been involved in this crypto investment both traders, investors and holders has been affected by scam projects, hacks and many other exploit been experience in the crypto world. Most major investors will failed to call out projects they have invested that has fall from hero to zero but will always promote those that gave them fortunes.
everyone of us has been affected but we will keep moving on until we are all successful.
This is motivational post for me, in 2017 i lost my Money. This was my fault because i given my privet key in phishing site then after few day's letter my address was hacked by someone.
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Can you give an example what you said? I think failure will make people more experienced and understand how to invest safely in crypto. I have also experienced the same thing as being deceived in a scam project or participating in a scam bounty
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Yep not all investors were always be lucky, sometimes they will lose money if they trying to invest the new project which is very risky you know. Some investors will really finding a new project because they can earn huge profit. I also experienced that I lost money because of scam projects that was the time when I was a newbie.
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It is, but nothing can be done about it, because scammers are constantly developing and they know how to present a scam project in all its glory so that this scam project would seem an incredible project in which people would invest, but we are also trying to fight with scammers and thats why they also evolving because of this.
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I lost a lot of energy, health and money on fraudulent projects in 2017-2018. Now I invest very rarely and am very careful about new projects. Of course, now I will never participate in the ICO and will only buy tokens on the exchange when the project starts to develop.
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My friend is a trader, he doesn't always win and make profits but I think it's hard to say that he has been scammed in the crypto industry.
However, your opinions are quite true for me. There are too many mistakes I made:
+ I participated in a ponzi project called GoldReward :(
+ I lost my MEW wallet because I registered through a scam website;
+ I have invested in some poor quality projects such as COMSA, PlayKey, Cappasity, Universa, CyberMiles :(
However, I continue to stay with the crypto market because I believe that this is a potential market and gives each person a chance to make a profit if they join and take time to learn.
Now blockchain & crypto information is everywhere, I hope the new participants won't make the same mistakes as I did in 2017.
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All of this happens because greed is within us, if we are able to see and hold old coins like Bitcoin without seeing the large amount of profit offered by new projects, then we will get a good profit.
It's just a matter of luck, because a trader and an investor can perform various analyzes of the price of the coins they have, but not with luck.
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Every investor has known and understood about these riks, losing their money because of:
- Scam project
- Failed project- Shitcpin after the exchange
However, why there are still many investors that are interested in new projects?
Because they also know they can get certain good profits from the projects as they have already had before, with great bonus and also strategy to make the coins promising in the future.
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There is a possibility that many people ever got losses by investing in shit crypto projects or scam projects. There are too many of them, we sometimes cannot avoid all the scams. Moreover, once we were the beginner in the crypto space. But then we improved with knowledge and experience to know the best projects.
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I have ever experienced this condition where losing some money for investing in certain new projects.
However, it doesn't make me feel sad because we have some lessons about choosing the new projects. In this case, it teaches us how to be more careful, wiser, and also smarter in choosing better and better projects for investment again
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I ever lost my funds because I invested in scam projects. But it is the lesson for me to be more selective and don't buy any coins. I must have a strong reason to buy a coin. There are a lot of crypto coins with a weak concept and an unclear future. We are better to avoid buying the coins since too risky.
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I have been scammed so many times so much so at the end of the day I realized it is all my fault why I allowed myself to be fooled by evil people. And it is not just in cryptocurrency but also in other programs which made exit scam or just painfully failed because the system they used is not really sustainable. Yes, scams are all over the place that is why people just coming in should be careful and never listen to the appeal of greed and gains usually used by these scammers. Sadly, it is not just me but so many of us...who got victimized by these bad people and programs. Oh, we know how many scam ICOs have come and gone in this industry. In fact, scams are one of the many reasons why China never allowed cryptocurrency to freely operate in that big country.
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Unfortunately, there are a lot of scammers in the world of cryptocurrency who want to take their hard-earned money, you need to be very careful in your business and always diversify your income.
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I think not just one but many, I personally have invested in so many projects but at the end of the day, it's either it turns scam or the team end up making a poor decision that always end up bringing the price of the coin or token down in a way it seems to never go up again, I've been a victim of this many times and till now, apart from money I sometimes make from bounties, I can't really point to a project I've made tangible money from, most I've invested in have always ended as either a scam or loss.
But like the op have said, we all should never give up until we've all made it big in crypto, and I believe we all shall and will.
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Fortunately, I probably only wasted my time participating in projects that turned out to be a scam, and disappeared with all the funds raised, accounts were deleted and the end. It is even more sad when you also invested your own funds and lost them, trusting the promises and plans of the project deceived you and other investors. This is a very big risk to invest in a new project, even if you study all the information about it, this is not enough, since unfortunately, they are becoming smarter in their methods of deception.
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I agree with you. Personally, I myself have lost a lot when investing and trading. And I try not to remember these altcoins and projects.
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There has been a spike in the number of cryptocurrency scam, binary options scam and forex scam in recent years. There are a lot of fraudulent cryptocurrency investment websites. A lot of investors have lost {including me too} money to investment scams and in projects that turned out to be a scam.
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The thing is, as an investor, why would you get yourself involved in a scam project? To be an investor in the crypto space and to make profits you must always do your own research; you must always conduct due investigations and more importantly do not get involved in pump and dump schemes
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a little confused with the meaning of what is written,
if you experience failure make it motivation later on and make it a lesson,
I have experienced things that really make me reflect on how much these people really have the heart to cheat
I was cheated in a scam project, bounty scam, and most annoying is buying and selling tokens without intermediaries and not in the market
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Everyone who has been in cryptocurrency for several years has suffered losses in any way: trading, investing or scams, but without such situations you will not become an experienced player
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I think it was common in this industry because everything is so volatile and fluctuating, thats why losing in crypto trading and crypto investment is part of the game, But losing in scams are not experienced by everybody I bet, most crypto investors are willing to gamble in the name of profit but not on scammed and frauds
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Been scam before in investment and in trading, also by hodling my rewards because of believing the fud around me. The very reason why I am so much eager now to learn in this space.
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I strongly believed that everybody that has been involved in this crypto investment both traders, investors and holders has been affected by scam projects, hacks and many other exploit been experience in the crypto world. Most major investors will failed to call out projects they have invested that has fall from hero to zero but will always promote those that gave them fortunes.
everyone of us has been affected but we will keep moving on until we are all successful.
I'm already over 5 years here in Cryptocurrency but I still suffer or experienced losing in trading on picking the wrong coin to invest, no one can perfect trading and picking coins to invest especially these new coins in the market, you get wet if you dip yourself, no one can escape even if you are very careful the best thing is to minimize your losses.
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I believe that someone who enters the crypto world will find a scam project, difficult to detect early because, the ways to cheat investors change over time, so we often fall into the same hole. Learning beforehand before investing can minimize losses and also use your heart to determine.
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I strongly believed that everybody that has been involved in this crypto investment both traders, investors and holders has been affected by scam projects, hacks and many other exploit been experience in the crypto world. Most major investors will failed to call out projects they have invested that has fall from hero to zero but will always promote those that gave them fortunes.
everyone of us has been affected but we will keep moving on until we are all successful.
I think it has obviously become part of the cryptocurrecy business to be found on one crypto issue or another. If one has not falling unto a scam through ICO/IEOs, or through some form of trading/investment miscalculations.
As a matter of facts, I doubt if there is anyone who has been on either ICOs/IEOs scam activities or a trading/investment set back.
Hunters, in my opinion, has suffered most by some of these projects campaigns, some of us has either been used for campaign without a reward or might have invested/traded certain coins/token on an exits scam projects etc. Infact, as a trader,/hunter, I have considered this sltuation as part of the crypto business.
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Of course everyone will experience it, even those who have expertise in project analysis must have experienced it because crypto is unpredictable and no human being is always right
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Every true investor has realized this, about the risk of investing their funds into crypto, that is about the scam projects. every investor must have been analyzing the project before investing and sometimes their analysis was wrong and they got the scams. But the true investors know that is the risk and will not take too much mind about it. that is why many of them only invest in small amounts
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Traders and investors in the cryptocurrency market all try harder to make a profit from investing. However, if they invest or trade first without experience, they are at a loss. So I think the trader should give importance to trading.
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Anyone who invests in scam projects loses. So I think investing is important to gain knowledge about the market. The new coins on the market are currently being successful, so be careful. Because a scam project can take the economic situation down for a long time.
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Yes, not all investors are lucky in investing in the crypto market, especially in the DeFi hype some time ago, quite a few investors lost their money due to scam projects. However, these things do not deter most crypto investors from continuing to invest in crypto platforms.
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I strongly believed that everybody that has been involved in this crypto investment both traders, investors and holders has been affected by scam projects, hacks and many other exploit been experience in the crypto world. Most major investors will failed to call out projects they have invested that has fall from hero to zero but will always promote those that gave them fortunes.
everyone of us has been affected but we will keep moving on until we are all successful.
I forget to count how many time i lost my money in various scam project. The most bigger one was 200$ in a project where i got confused when joining and ieo and sent my funds to a scammer wallet. There was a pool for sale and i sent my money in the wrong pool with a similar name with the real pool.
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Yes, not all investors are lucky in investing in the crypto market, especially in the DeFi hype some time ago, quite a few investors lost their money due to scam projects. However, these things do not deter most crypto investors from continuing to invest in crypto platforms.
as long as people still enjoy investing in crypto, of course they will prepare themselves with things that may not be fun, because in crypto anything can happen and nothing is impossible.
Obviously I agree with you is the most painful thing that investing that we don't know is a scam and it's very painful. Every time a new system grows in crypto, especially when it is successful, there will be someone who misuses things to do project lies in order to make profits, so not only Defi, IEO, even ICOs, which are very successful for a long time, are also exposed to fraudulent projects.
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Obviously, to attain something better out of this life we have to keep our spirits high and stay hopeful. It is normal to face scam or bad investments but we should have the strategy to cover the loss and risks and then move on quickly to better opportunities out there.