Bitcoin Forum

When the scammer tells you...

1) to give him your wallet id and password

2) to use a blockchain wallet he created for you.

3) to fund your wallet after you changed your password

4) that you will get 5000% back in a day (high percentual return in a short period of time)


Any more??? let's discuss!!!!

P.S. by the way, I have found a very good platform called gebepay and I have used it a couple of times and found it pretty useful and safe to buy products or services with my ETH, anyway have a look!

There many traits from where people can identify that a project is a scam. You have mentioned many of them. We should always read the whitepaper carefully. It should include all the important details of the project. Then also read about the developing team and about their qualification and experience. If it is a scam, we will not find much information. The idea should also be unique and new.

Will thanks for this your good advise bro,on how to determine those smell fishy if the project or those people who want to scam your crypto coins,otherwise  in terms  of platform  thats you advertise,we dont have much familiar about this gebepay,then we  much research about this kind of new platform  before we considered its very useful and safe to buy product,but for a moment  i must use first my own  platform exchanges the bitfinex.

The fact that you describe everything is true. You can also add if the scammer very much praises and advertises his project and promises big profits in a short period of time.

The promise of huge return on investments, with all guarantee is one of the redflags I use to eliminate scam project.Each time i see that in a project paper or website, my scam meter is then almost reading 100 percent, i steer clear

For some people it is already obvious that it is a scam. But for some beginners and gold chasers they will always try to go that way since they don't have any experiences yet.

It smell scammed when admin no longer answer on telegram. They usually go silent and could no longer be found even you message them so many times. At the beginning its hard to identify good project from scam because they are almost same good documents presented. Looking into whitepapers team and roadmaps sometimes won't pinpoint the result of the project.

When I see no new ( up date ) or confused information I'll try to find true information and if I can't get it, leave it for good. Actually people have different answer about this but recognize scammer is not easy, they always change strategy after fail ( not like us ). Just always try to find valuable information about scammer, protect our asset and pray. I can't suggest anything else but I believe experience will become the best guide. 

Just only put up on your mind which All things that are good to be true or would promise fast or easy money are definitely just scams.
Even just your own common sense will able to identify out things that somethings wrong but i can say this would vary on how knowledgeable you are enough into things here in crypto because lacking
knowledge will always put you in trouble this is why its ideal to read and read to learn up new things.

Several scam types;
HYIP/PONZI sites
Cloud mining schemes
etc.

in the 4 sections you mentioned has shown unreasonable properties,
1.just a newbie who is willing to give his wallet password
2.the blockchain wallet they create is just a trap
3. by changing the password and financing it in their blockchain it is a stupid act
4. by giving 5000% in a day small children do not believe with iming iming return 5000% in a day
these four events only apply to people who really do not understand

These are the traditional methods of scammers and the most common is to request your private key before registering for any project in addition to the phishing links "fake site/wallet URLs."
However, you should not believe any person who promises you that you will get returns regardless of your argument, especially if you are going to pay him.
Also following traditional methods will not help you avoid scam  Read New way to be scammed (https://bitcointalk.org/index.php?topic=4773983.0)

I thik that you should protect your financial information and you should learn more about the person and the company which wants to find out what is better and which is a scam or not

Its best to not even step into the horse shit rather than try to get it off your feet. You should do due research before entering anything. If anything promises: 1) Little work/effort 2) Guaranteed results (too good to be true results) its most likely a scam in my books.

I think that it is like a scam when somebody asks more information that they must because they should ask only the basic information without too personal private details. to my mind, it is like this

If someone is saying you can make huge profits in very short term is one of the think that it will looks like a scam,but many newbie were attracted to it and lose all their money.So don't be too greedy and make money from your own investment,there is no elevator to the success you need to take the steps. :D

to my mind, the worst thing that you should worry about is when you are asked to provide your personal information like ID and password. Don't do this as it is likely to be a scam

If you don’t have bad expiriance with some scamprojects or guys, then you can’t understand what’s the problem and how they can stole your money.

I experienced the number 2 from a facebook group and telling me that I can mine 1 bitcoin in a few days and then he will make a blockchain wallet for me and connect to the miner that I don't know if he owns it or not, but I know it is scam that is why I am trying to dig up how those scammers doing so I found out that they wanted to make a blockchain account to me then connect to the miner, but they said I should deposit a bitcoin in the blockchain account in order to mine bitcoin, that is totally scam.

The number 4, I experienced this, but this time I invested and scammed that I thought it can give me a passive income because I withdraw my earnings for the first time from investment site that is why I encouraged to trust their service and put all my money in the investment site same happened in cloud mining, but in the end they run and scammed all my investment.

There are many traits how people scam by scammers just make sure that you always ask the site for many people before you invest. This forum is a good place where you can ask if the site is scam or not before you decide to invest.

These are obvious signs but I still want to say them here as a reminder because I still see people getting scammed. When the person you're dealing with doesn't agree to use escrow. Also the threads on the digital goods section that gets locked by the author after its bumped.

You don't need to get scammed just to understand how they can scam you. Following other's advice can help as most scammers use the same trick in scamming because there's always new people coming in to crypto.

Well it's up to you if your not vigilant it comes to scam. That's why we all need to careful anytime  don't grab if you know that the offer is big and if the sites is not familiar to you.

It is a fault that the person who will do this is already using the computer :) These methods are traditional for scammers. It is very difficult to be scammed even for a person who has little knowledge about scammers. The most important thing to do for not being scammed is process priority. When trading if the trader we trade with has no reputation, let him do the first action. Always make the second action.

Thanks bro for the tips in different aspects scammer are always in there you have to be careful in every move you take always set to your mind Think before you click.

Well said because they also develop their knowledge, skills and make new research every day. However, the cryptocurrency scammer usually use the investment ROI, trading tips/analysis software and airdrop method( where by they later ask their participants to send some ETH before they could receive their token). Besides, a lot of people have scammed on twitter and telegram through the mentioned method.
Beware.

the instance of impersonation have gotten so bad, that many crypto visionaries have added language to their profiles setting ( not giving away BTC/ETH) as if it was their middle  names. But although it could seem counterintuitive, as these fraudsters merely copy and paste the name and image onto their scam accounts, that language too has carried over. Generally these accounts comment their giveway images under a post from a real person they've trying to impersonate, hoping to prey of users that aren't looking closely at the handles, which at times are only one letter off from the originals.

When you are already in cryptocurrency ecosystem for sometime, this kind of strategy is not effective because these are already common sense and the moment they do this, it is already considered scam and they wouldn't be able to get a single info from the person. The higher risk of being scammed are the newbies who gets greedy when they see something like this because they are not aware of it yet. Well, I have been scammed by HYIP before so I can relate to those who were scammed and if you are one of those who were victims of such scams then do your best to help others avoid it.


Scammers are every where and just waiting for this chance to attack. In social media platforms perhaps, someone would message you about crypto that you don't know so it is already a red flag especially if they mention about "cryptocurrency mining".

Don't provide your personal information like ID and password as this is the evidence of scam in most cases. You should be careful sharing such details

First of all, you need to check the connections with advisors - they have a reputation, don`t be lazy to write and call in order to confirm / deny information about the project where they participate. Ask also questions on the profile forum, question site or telegram chat. Feedback from scammers and non-scammers is completely different. Scammers don`t answer at all or answer extremely blurry to direct questions.

Just to sum it all, people got scammed by lack of knowledge and greedy. When people have just limited idea everything that introduce to him will be easily believe. And people that just want a quick profit is also a easy target to get scammed. Always remember that there's no huge profit that can be easily achieve, it's always be in a hard way.

The things mention by OP is too obvious, its true that now the scammers are lurking around and their methods are getting more and more sophisticated, the most common method is usually clicking the link, the link will contain virus to steal your id and password, or the link is going to make you go to phising site, you need to update your knowledge about the news so you can know the newest method that the scammer used, always be careful and don't easily trust people

Scammers are so many ways to do scam other peoples and to prevent this you have to do is always double check the website or if they ask your private keys and paswords beware to this people because they are scammers.

I have been studying the scam ICO's so I will speak about them as it is also part of scammer stuff.  I have observed that whenever a private sale is over for an ICO then admins of ICO start responding very less to their customers. They don't answer in the telegram group and slowly they go off the record. So if the communication is shutting down slowly then you should already smell the scam and get out of it.

Many times when you join the telegram groups then people from the same group will act as admin and will massage you personally to ask you for and help need and also ask for the ETH later on for ICO purpose. Thats the very much common scam here. So be careful with such scenarios.

point number two an exception if that's was an official wallet and if you ask someone for link maybe they will give you an official link, well maybe just be more diligent with the link someone give though. Overal if something too good to be true, then that's most likely a scam.

ICO or an investments is a scam if there is no names and details of the team in the white paper specially their CEO. They have lot of reasons on why they wont reveal their names but you should think that if they will disappear and run your money then how you will going to trace them? So better check the teams data first that they can be easily found in the google to ensure that they are legit people.

When it becomes too good to be true and you don't see any results but just talks. When someone sold you a shoe that will help you fly but doesn't show you the shoe than you know its a scam however when someone shows you a new coin and tells you it will worth 100 each and he only sells it for 1 dollar each on ico, somehow people keep believing that.

No, no one would sell a coin that will worth 100 for 1. Get your mind around that and you will start to realize that if something is too good to be true and there is no proof, its usually a scam.

When they are over promising, when there are no ongoing development, no activities on GitHub , when the Team is constantly PM -ing You with offers,  when they disappear and not replying to you , when they start dumping their coins are some of the signs that you will be scammed.

When you have to send your funds and they are held in escrow. That's how most of ponzischemes work.

When they ban you from community groups for asking tricky questions.

I think first you need to study the safety of the Internet, then the technical safety of working with cryptocurrency. because in a nutshell it can not be described

Hahaha yeah this is right. It is so awful scenario when you are undergoing such confused scenarios. You researched about this thing and when you implement it, there comes so many issues that must not be there to stop your work. But people are often considering such scenarios as scam. Keep your trust in such things because you have once approved them as legit.

I used to be scammed many times by bounties that doesn't pay what I work for them project. It is really bad when you hear that you will be not payed for what you were worked for. Maybe the smell of a scam is that when a bounty doesn't updates on a month. My technique about this is that I used to join airdrop first and then if they pay probably they passed on my first test. Also I used to study about the project first and look up what they got.

Yes. This are some of the techniques people use in scamming a person. Yet I also want to add some of it that didn't mention. If the person or a computer asking you to go to a website and put your password there. They can access to you account and be sure to get all of your funds. And also if they send you via email a message that you won although they asking of your password to put.

And also if the scammer actions, words or chats are not reliable like they somehow always finding reasons if they will cash out some money. If you ask too many questions they cannot give direct to the point answers. They also have a attitude of beating around the bush of a certain topic. We must know how to choose a legit and true person to avoid scammers.

There are many more subtle talks by scammers to get the money for them. It became a trend these days to scam newbie investors and all the hatred will be with crypto from everyone.

I think, it's very difficult to avoid a scam, because it all depends on intent. even one person who is thinking of cheating on a project will make the whole company a scam. well, moreover it's very difficult to avoid that because sometimes they initially intend to be serious, but seeing a lot of money makes their project a scam. there are many types of people in cheating, we just have to be vigilant, and experience will make you aware of it.

If you saw a bunch of deleted accounts joining your channel offering youtube review, crypto signals and stuff that constantly spams the groups because they appear almost everywhere then it smells like a scammers unprofessionalism act, the number point to OP is the most obvious and the dumbest thing that the scammer ask from the people wallet public key is enough to do some transactions.

The write up definitely is a scam. You need to be careful when such offers come to you. If its too good to be true, that means that it is a scam. This is what it is basically.