The Evolution of Everything
We live in times of change. Everything is evolving and many things that are commonplace for us today was futuristic and unthinkable for our ancestors. We have access to more information, in seconds, anywhere, anytime. One Single Smartphone has more power than any computer technology that was involved in the Moon landings. Not only the way we live is changing, but also the way we pay. Everything has become more and more digital for years and the efforts of states to manage and control money only virtually are increasing. However, the urge for self-determination and control of the individual also changes, which in turn constitutes the reason for the existence of many Cryptocurrencies.
Oh something new, let's take advantage of it
Unfortunately, with a lot of innovations, there are individuals who are driven by greed and fraud and who put all their energy into lies and fraud in order to harm as many people as possible. Cryptocurrencies in particular and such projects offer a large area of attack for fraud, among other things because there were no regulations for a long time and cryptocurrencies had the reputation of criminal money. However, all hope is not lost to protect yourself from such black projects, because the scammers and your scams offer no more value, they usually always use the same mechanisms. If you start investing in cryptocurrencies, learn the red flags first and if in doubt keep your money with you.
pay attention to:
1. Big Earning:
All scam projects have one thing in common, whether in the crypto world or in the regular world, they promise fantastic profits. Often without being able to see how these should be generated. Important! Nobody has money to give away and of course, the principle with money is making money true, but yields of 40% -70% -100% or even more are unrealistic. The big problem here is, just like everyone longs for financial freedom and a life without monetary worries. It is precise with this deep wish that the scams start, you use human nature and the wishes that arise in a capitalist world. While you dream of returns, the money has long been in any luxury car or house.
And one thing you should understand, `` greed eats brain '', as we say in German. If it sounds too great to be true, it is 99.9% a scam.
2. Research is Power:
We ourselves know how boring and exhausting it can be in the flood of information to put projects through their paces. However, we recommend that you definitely check the project. Who are the bosses? Are they real people who also identify with the project? Where is the company headquarters? It will clearly show you what the project aims for. Are people pictured perhaps fake pictures (Google image search)? Check there Social Media. The Profiles are new, watch out! Unfortunately, the scammers are very creative and financially well-positioned to look legal and honest at first glance. You could also see the last few years as advertising appearances more and more professional. But a professional appearance doesn't make a serious project.
3. listen to the Community
find your place in communities like Publish0x. There are a lot of great authors here who share their work and the knowledge they have collected on principle and with lots of love.
But beware:
Unfortunately, it is also here that scammers have long understood the power of the online community. In the community you join, make sure that they are open, can be commented on, and that you can get in touch with other participants. Stay away from closed Telegram groups or Commuintys where you are sold you are one of the lucky few. There are often so-called `` pump and dump '' groups behind it, but more on that in another article. The same also applies to private messages on Facebook and Co. We have already answered questions via PM without bad motivation, but unfortunately it is also here that 99% of the messages are attempts at fraud, and once your money has reached the fraudster's path, it's gone. Should you still receive a PN and are curious, remember points 1 and 2 from our article.
4. don't let shit tell you:
Since scams offer no added value that they can show you, things that are actually normal must be offered as special Stuff. The `` Payout proof´´ or the `` Video Payout Proof´´ is very popular here. But let's be honest, what would you think of your bank, whoever you pull a thick banner out of the machine with every cash withdrawal that says, `` Do you see, we really paying? '' Or you get your car out of the workshop and the mechanic receives you with a video that shows that he really repairs cars. After all, that's the reason why you use this service. It is the duty of the service provider to reliably fulfill his offer. And finally, you should be aware that a `` payout proof '' does not mean that you will get your money back.
5. Understand the Scam mechanics
The most popular principle is the Pyramid or Snowball System. The principle is simple. As long as new members are recruited and invested, older investors can be paid out. These, in turn, blinded by profits, naturally advertise with love the new system that makes us all rich. Again, we always recommend that you take note of points 1 to 4 to protect yourself against fraud.
We believe with these tips you have some first good instructions for your crypto adventure. However, it is like in the real economy that great projects can fail. Cryptos are new and innovative and offer many opportunities. Especially as a pioneer and early adopter, you can do good business and your investment in coins can certainly generate high profits. But often the opposite is also the case here and the Floppen projects and the coins you have purchased are no longer worth anything. Cryptos is a high-risk investment and you can minimize this risk, but there is no guarantee that you will get your money back or to increase your investment!
Did we forget Red Flags let us know in the comments! Thanks for your support!
Stay healthy and curious about the many new crypto projects.
don't miss Nessa's photography blog here on Publish0x:
https://www.publish0x.com/vanessa-bresson-photography
