How do you protect yourself from scams in crypto?

[alltalk]

Currently, there are indeed many scams on meme coin projects and I totally agree with that, especially with the growing number of airdrops/mini-telegrams, most of which are scams and never end to continue growing.
That's right, meme coins do depend on hype. If there is none, they will not be able to increase properly and will even slump, there are even many scams on meme coins.
I think if there is a choice to be made for meme coins, it might be doge. I also like doge and have saved a little of it even though I don't try to save others.

We already have many scam projects since many years ago. That's why we must be careful to choose crypto coins, especially those new coins. It becomes more difficult to determine the scam projects, the scammer is getting smarter to deceive people. They sometimes made scam projects with a very convincing way. Well, meme coins is one of the major scam projects. There are many scams on meme coins. If we aren't really sure with the new meme coins, it is better to stay away of them.

[vegasus]

Currently, there are indeed many scams on meme coin projects and I totally agree with that, especially with the growing number of airdrops/mini-telegrams, most of which are scams and never end to continue growing.
That's right, meme coins do depend on hype. If there is none, they will not be able to increase properly and will even slump, there are even many scams on meme coins.
I think if there is a choice to be made for meme coins, it might be doge. I also like doge and have saved a little of it even though I don't try to save others.

We already have many scam projects since many years ago. That's why we must be careful to choose crypto coins, especially those new coins. It becomes more difficult to determine the scam projects, the scammer is getting smarter to deceive people. They sometimes made scam projects with a very convincing way. Well, meme coins is one of the major scam projects. There are many scams on meme coins. If we aren't really sure with the new meme coins, it is better to stay away of them.

Yes, scams are not new. but they have happened many times, both with natural and new methods. The point is that scams usually have several characteristics and they often have similarities. things that are too good to be true, being asked to transfer first, the presence of click bait links or phishing links, and several others that seem unreasonable. so we personally have to be much more careful.

[lepbagong]

Currently, there are indeed many scams on meme coin projects and I totally agree with that, especially with the growing number of airdrops/mini-telegrams, most of which are scams and never end to continue growing.
That's right, meme coins do depend on hype. If there is none, they will not be able to increase properly and will even slump, there are even many scams on meme coins.
I think if there is a choice to be made for meme coins, it might be doge. I also like doge and have saved a little of it even though I don't try to save others.

We already have many scam projects since many years ago. That's why we must be careful to choose crypto coins, especially those new coins. It becomes more difficult to determine the scam projects, the scammer is getting smarter to deceive people. They sometimes made scam projects with a very convincing way. Well, meme coins is one of the major scam projects. There are many scams on meme coins. If we aren't really sure with the new meme coins, it is better to stay away of them.

Yes, scams are not new. but they have happened many times, both with natural and new methods. The point is that scams usually have several characteristics and they often have similarities. things that are too good to be true, being asked to transfer first, the presence of click bait links or phishing links, and several others that seem unreasonable. so we personally have to be much more careful.

The methods used have indeed been done often and always repeat what has been done and usually will be done again to carry out the fraud. It just depends on ourselves whether we are able to know what we want to do or not, because usually the actions that are done are things that are always repeated.
Agree with what you said that it is indeed more to be able to be careful with every fraud that always happens in order to avoid it.

[Sim_card]

Currently, there are indeed many scams on meme coin projects and I totally agree with that, especially with the growing number of airdrops/mini-telegrams, most of which are scams and never end to continue growing.
That's right, meme coins do depend on hype. If there is none, they will not be able to increase properly and will even slump, there are even many scams on meme coins.
I think if there is a choice to be made for meme coins, it might be doge. I also like doge and have saved a little of it even though I don't try to save others.

We already have many scam projects since many years ago. That's why we must be careful to choose crypto coins, especially those new coins. It becomes more difficult to determine the scam projects, the scammer is getting smarter to deceive people. They sometimes made scam projects with a very convincing way. Well, meme coins is one of the major scam projects. There are many scams on meme coins. If we aren't really sure with the new meme coins, it is better to stay away of them.

The problem is how will you know a coin that wouldn't be a scam coin. I feel that's better to avoid all these coins and tokens so that we don't mistakenly fall into their hands. Bitcoin has been proven to be a unique coin and has a good foundation. It's better to only focus on bitcoin, only if you choose to gamble with your funds.

[rachael9385]

If not for short term investment and quick profit making I don't see any reason why people invest in coins that they do not know much about. The crypto space is risky because there's a lot fake coins and tokens on the crypto market. However, if your intentions is to hold for the long run I suggest that you consider to invest on Bitcoin for your own safety.

[Gposas]

I'm sure telling you about how risky crypto and the crypto space is, would not be news as we've seen so many instances and examples in recent times.

At this point, I think the most important thing to know is how to ensure that you don't fall for these schemes, especially with projects you want to invest in or the exchanges.

For example if I'm looking to choose an exchange right now, I'd be looking for information that points towards safety. For example, the article that talked about Bitget userbase increasing by 400% in 2024 shows that a lot of people trust the exchange and that can't be a coincidence.

You can also check track records, quality of service etc, and this can help you make a decision. Of course this is not all to look out for, and I'd appreciate more examples regarding this.

Pointing at exchanges, the quantity of users doesn't determine the trust percentage of these exchanges. In most top exchanges I know about, users also scam themselves too. Everything you just have to know is how to be vigilant and understand the principle of not falling into these scams by not sharing what is private.
I don't know if you've heard of P2P scams.. they all happen in exchanges. So the quantity of users in an exchange can even create room for scammers.

Looking at projects.... You just have to make research (DYOR) and don't get carried away by the speech of the project team especially when it comes to presales.

[lepbagong]

If not for short term investment and quick profit making I don't see any reason why people invest in coins that they do not know much about. The crypto space is risky because there's a lot fake coins and tokens on the crypto market. However, if your intentions is to hold for the long run I suggest that you consider to invest on Bitcoin for your own safety.

Indeed, what you said is what often happens in the crypto market, if you don't know the analysis well that there could be a lot of fraud that occurs if you want to invest.
Agree, bitcoin is the safest investment for now even for the long term, because bitcoin always has to go through a halving period in order to reach the next highest value.