Quote from: Dunamisx on Today at 07:31:57 PM

Quote from: Essential10 on Today at 05:46:54 PM

Quote from: FireDAO CY on April 26, 2023, 07:55:32 AM

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.

In most of the scam cases of the past that has happened to us or other people, it might have come from the way we are being decieved through our greediness, there are some things in which a normal reasoning should tell us that it's likely not to be a legit offering before we accept them, but many of us usually fell of the cliff before thinking of the alternative means of never to have fallen from the first place.

People who find themselves in this category they react quick when it comes to money issue and forgetting about the investment, they get blindfolded with huge profit, I will not blame anyone cause when juicy offer comes people don't care and they lack the mindset to think, some will say is as a result of greed but not only greed sometimes it comes with foolishness or carelessness, firstly when it comes to scam or anything concerning scam it looks different from other real project in nature, scam project just have a different pattern from real project, if you can differentiate scam project from the real project then it'll be easy or rather I will prefer choosing a trustworthy project to afford stress.