Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: upyem2k on September 17, 2018, 03:17:33 PM
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It’s easy to think that everyone is getting rich investing in cryptocurrencies. This mindset leads many traders to fear missing out on the next big altcoin offering or the next leg up in bitcoin . Many scammers take advantage of traders' greed with dubious products and services in the cryptocurrency world.
FAKE ICOs
Some dubious individuals conduct fake ICOs to scam potential cryptocurrency investors who wish to take advantages of initial offering. They make everything about their idea perfect and enticing.
They over emphasize their reward telling you you can make excessive folds of your investment within a short while. They even provide a whitepaper and road map that appear appealing. They use fake pictures of known people as their team members without their consent to make their projects appear real.
The way out of this is to conduct research on the authenticity of such project, research the acclaimed team members to be certain that they are real and also make yourself acquainted with their social media community for you to get more facts concerning the authenticity of the project.
Check there contact wallet to see how truthful they are about their acclaimed raised funds.
Reading the whitepaper and asking constructive questions on it can also be of help.
CONDUCT OF FAKE AIRDROP
This is very common in the nowadays cryptocurrency community. Fraudster now pose as bounty and airdrop managers for some successful or newly listed projects. They do this in target of their potential participants wallets' private key. They tell the participants to input their wallet private keys for verification of the wallet to claim an airdrop or bounty earnings.
The way out of this is to avoid any project that requires their wallets' private keys. They are mostly way of scamming you of your stored assets
POSING AS A PROJECT ADMINISTRATIR
Many fraudsters pose on the social media communities of some project as the administrator most especially on telegram. They contact you and ask you if you need an help as regards investment in the projects. They later offer to help you with a huge bonus if you invest through a special contract wallet which purportedly belong to them.
The way out of this is to check to see if we both share the same groups, open up their profile pictures to check what other pictures they've uploaded. Now opening their pictures/avatar not only show if they have history of switching identities - which scammers do - but also the camera resolution of their phone. The only way that will happen is if someone copied the picture from another source.
Ensure that you ignore anyone who claims to be admin with all those suspicions.
You should also ask about whatever any admin offers you in PM in the official telegram group before forging ahead with such
I hope this will help the newbie with safe operation in the cryptocurrency community to a certain extent.
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It’s easy to think that everyone is getting rich investing in cryptocurrencies. This mindset leads many traders to fear missing out on the next big altcoin offering or the next leg up in bitcoin . Many scammers take advantage of traders' greed with dubious products and services in the cryptocurrency world.
FAKE ICOs
Some dubious individuals conduct fake ICOs to scam potential cryptocurrency investors who wish to take advantages of initial offering. They make everything about their idea perfect and enticing.
They over emphasize their reward telling you you can make excessive folds of your investment within a short while. They even provide a whitepaper and road map that appear appealing. They use fake pictures of known people as their team members without their consent to make their projects appear real.
The way out of this is to conduct research on the authenticity of such project, research the acclaimed team members to be certain that they are real and also make yourself acquainted with their social media community for you to get more facts concerning the authenticity of the project.
Check there contact wallet to see how truthful they are about their acclaimed raised funds.
Reading the whitepaper and asking constructive questions on it can also be of help.
CONDUCT OF FAKE AIRDROP
This is very common in the nowadays cryptocurrency community. Fraudster now pose as bounty and airdrop managers for some successful or newly listed projects. They do this in target of their potential participants wallets' private key. They tell the participants to input their wallet private keys for verification of the wallet to claim an airdrop or bounty earnings.
The way out of this is to avoid any project that requires their wallets' private keys. They are mostly way of scamming you of your stored assets
POSING AS A PROJECT ADMINISTRATIR
Many fraudsters pose on the social media communities of some project as the administrator most especially on telegram. They contact you and ask you if you need an help as regards investment in the projects. They later offer to help you with a huge bonus if you invest through a special contract wallet which purportedly belong to them.
The way out of this is to check to see if we both share the same groups, open up their profile pictures to check what other pictures they've uploaded. Now opening their pictures/avatar not only show if they have history of switching identities - which scammers do - but also the camera resolution of their phone. The only way that will happen is if someone copied the picture from another source.
Ensure that you ignore anyone who claims to be admin with all those suspicions.
You should also ask about whatever any admin offers you in PM in the official telegram group before forging ahead with such
I hope this will help the newbie with safe operation in the cryptocurrency community to a certain extent.
Good article for the newbies or even the experience crypto users, to add in another scam which i have experience but did not fall for it is in telegram chats many scammers will pose as admin that want to help you but the agenda is to scam you.
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This is a good article... one of most bad scam I know is when bounty manager is a scammer so also the ICO company is scammed by him sending to him rewards for bounty hunters and then bounty manager disappear.. that's why I choose 99% of times bounty campaigns managed by a trusted and well known bounty manager.
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Nobody can be trusted. Scammers everywhere.
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You can't trust anyone without guarantees.
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You can't trust anyone without guarantees.
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It turns out that investments are always a risk
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Fortunately, there are services such asw12.io (https://tokensale.w12.io/?utm_source=psv&utm_medium=altcoinstalks&utm_campaign=altcoinstalks.com/index.php?topic=49818.msg271277#msg271277) thanks to which you can not worry about your money. This guarantees 100% safety
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The conclusion is always be careful to choose investment in cryptocurrency, ICO Project, Airdrop or bounty. By always researching before joining. Previously you could check the authenticity of the project. By looking at the profile of the team and the advisor and asking whether the project is valid or not.
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That is why extensive research before investing your hard earned money. Check everything the website and specially the people who are pretending admin in telegram chat.
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often it happens, but the important point of a scam project is that the team or CEO does not want to be seen by the public, they are closed and not open, so no matter what the reason is, if they don't want to be seen by the public, we must be careful
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I think It is good article. We can learn about their project's purpose and their team. There is too many scam projects now.
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You should be able to be careful about choosing cryptocurrency because there are several token projects that are scam.
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It's hard to decipher now scammers are leveling up that it's hard to trace if the project is still good on a positive note we are also getting good in catching these scammers, I have seen many posts about scam site in the scam section.
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I have encountered some imposters on different telegram channels. They pretend to be an admin and assist you when you are trying to check an ICO project
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These scammers have saturated the market with their enticing projects. What you have shared will go a long way to help people like us who are new to this crypto thing.
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Thanks for the detailed description. Have you collected this information on personal experience?