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.
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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
Never analyze about some ICOs or altcoin project before investing, many people just get recommendation from the other to invest with some altcoin or ICOs project, never check details about how trusted or ICOs project for investing, will give opportunity to earn profit or lost money with ICOs, just trust with some one ask him for investing there and never want to get reviews first with their project investment.
They do not study and not being so careful to the steps they take. They should study first what I mean is that if you want to invest in some ICO. You should know first their whitepaper since the plan is all stated there. There are lots of scammers out there so we should be aware of our moves and decision because they are offering good things that are not true so dont trust anyone you dont know just because they are offering. In terms of trading you should be careful on the website you are using or the trading site you are using because not all of them are trusted.