What is Scam?
Scam is a dishonest scheme that is carried out by an individual or groups of persons in mode of taking away something that is valuable to others. Those who perform these acts are reffered to as scamers.
How do people get involved, how easily are people scammed and reasons?
Many individuals think of the internet as a get rich quick scheme and once they are exposed to any form of investment promising high ROI, witjout a second taught they jump onto it, you and I as well know how this will end? In a nutshell, GREED is a factor
Secondly the inability to conduct research and make real findings on our own. All this as a result of laziness.
Add yours!!
I entreat all of us to be on the look out for scan projects, make our findings and proof beyound doubts their scam intentions and also avoid been greedy when making an inveatment
Seen as a easier money taking scheme. You can not see this kind of behavior in Forex, because people are aware of the slower movement of prices, they can not easily get what they want with such small movements, also at the end you will face loss without knowledge. However, the chance factor in the cypto is like a new door to them. In this case it is not trade, it has one name: Gambling.