Bitcoin Forum

I just had this article written, which covers the Tether scam, as well as the fake news cartel that sites like CoinTelegraph, and CCN, among dozens of others are a part of.

On top of that I also included how the latest ICO scams are set up.

Hope you like it and feel free to share of course:

https://www.cryptonewsinc.com/the-shady-side-of-the-crypto-industry/

Peoples are earning profit from this crypto industry but the ugly truth is so many scam and frauds are available in this market. So before invest you need to careful about your project.

It’s really a bad news. This type of hacking and scamming is making the market more polluted. For this reason people are hesitate in invest in here and also the haters of crypto take the advantage and spread more rumor about it.

I partially agree with you. There are always some manipulation going around in this market. The incidence of 150 million Bitcoins being stolen from bitfinex was suspicious. Now when you put together all the matters,it all makes sense.

The news about Tether and the fake coin cartel were the most devastating news in the market till date. But still, this does not define the market. There are good things going on in the market too. We just need to see the bigger picture here.

A beneficial sharing sister thanks. But whatever happens, it is not easy to get a profit without taking some risks. In fact, the names behind each progeny and the progeny have a dark face. We're late to see it all.

Hello,

Unfortunately this is the bad side of the crypto world. As soon as you have money involved you will surely have people who wanted to earn more and more and earn by cheating and stealing from others because it is sometimes easier than working or be patient.

But I think that there is more and more improvment on security that will lead to purifiy the market and let ess and less place for scammers and cheaters. an dit is also a work for everybody to help by transmiting this kind of informations and advice new people into the market.

Scammers, hackers, terrorist use bitcoin or crypto in bad ways
All of that example is a bad side news from the bitcoin or cryptocurrency
I will called the attention of all bitcoin ethusiasm specially the expert in information technology
Need to find the soulution how to avoid this all bad shady side of bitcoin to protect ourself from bad elements

If what was said was true, I think. That is something bad. But, has the situation been so bad? Or is it just a kind of disappointment, about the current market conditions?

To be honest do not trust anything apart from your own research. All these information on the internet can be made up by some random people and claims to be the truth. Also I would say only listen to a few youtubers' advice.

Cryptocurrency's materialization has been a great venue for illegal doings even from the start.
Especially since perpetrators can always hide their identities through blockchain technology.
That is why it may be sad to say but it is a reality and we cant deny the fact that cryptocurrency can and will always be used for illegal acts.

The market has had its fair share of bitter experiences too. But this is the exact reason that why we need to be careful and to be cautious to avoid such malicious scams. Also there are good things in the market too. You need to look beyond that.

Even though they are still surprising and chills the spine to hear, they are old news. And the market recovered from it and there are good sides to it that we need to see too.

Instead only put a link in your thread, why didn't you explain it to us ?
I dont know why tether is considered as a scam coin if it backed by a real USD ?
You cannot believe some sources easily, a research about the case is required to not deciding wrong.

If this is true then it is really devastating. When all of this is a part of a play and crypto is a big scam that would be a very bad news. But I would assume this is not true and is part of a black propaganda. Many people are into crypto not just ordinary people have given there full support and trust in cryptocurrency and even invested a big amount of money. We are not foolish here I believe. We are in the right track, this news is not true.

this has become a habit in my country, everyone is trying to make false news to bring down a person or institution. And now this thing spreads to the world of crypto currencies, fake news is very strong affecting the market, if this is continued then iinvestor will lose, the big news service providers like CoinTelegraph, and CCN should filter the news that they will publish to the public

The main problem with all these shady sites and services that we are encountering is that the whole crypto space is unregulated and no government in the world has taken significant steps to solve these problems. As a result, scams, fraudulent activities and manipulation is still existing in the market. I hope a country like U.S or China takes the control of regulatign the crypto space and try to help the investors here while getting benefits for themselves.

To me some the shady side of is due to the fact that bitcoin users can also be subject to theft, scams, and frauds, which some argue is made easier because of Bitcoin’s structure and lack of regulation. The very nature of Bitcoin makes fraud prevention hard, one of the biggest factors being there is no way to retrieve Bitcoin that has been stolen or conned, and no way to revert the transaction

Unfortunately, cryptocurrencies can't be spared from the shady side. Like obviously everything in this world.
Scams and frauds have become something that is often connected with Bitcoin and other cryptocurrencies because people are just trying to misuse everything they can and come to the profit on easy but illegal and shady way.
But don't forget that we can't blame cryptocurrencies for that, it's just the human nature and that is hard to fight.
That is why it's important to promote positive sides of cryptocurrencies.

I liked how you have provided significant proof for every section that is there in your writing piece. I usually find most of the articles posted here in this forum to be clickbait but yours one is truly different from those. I have heard of the Bitfinex's scam regarding Tether and Bitcoin but never saw such in depth discussion on this very topic. Really good read indeed.

The problem with crypto news sites like Cointelegraph and the ICOs are that, most of these ICO owners who are scamming people somehow promotes their project through these sites because, they are somehow connected with them. I am pretty sure these platforms have earned more than enough from all these shady ICOs that have ran away with all their investor's money. Otherwise, Cointelegraph wouldn't be able to operate till now.

I think until the crypto market will remain, there will always be scams. We often see scam on centralized systems despite having so many regulations. And here we have nothing like that at all. So it is obvious that scam will occur

What are you saying? Cointelegraph provide fake news? It's spreading so much confusion about what to trust and what not. Scamming will take place until there is no one to control it. I hope this market will be updated with more security.

Well, crypto industry is in its infant stage. No wonder there will be place for manipulation of all kinds. That’s why crypto should be regulated at some point. Because some countries goes crazy and instead of fair regulation they impose ban legislations.

When it comes to Altcoins, Ethereum comes to notice at first. But at this bearish session, things are not going great for Ethereum and I don’t know if this crypto is still can be called king of altcoin at this situation.

I have been wondering too why there were tons of good news and yet the price didn't even bother to seesaw for quite a bit but continue to plummet even more with all the adoptions being announced lately that cointelegraph had been publishing. It must be part of this bigger plan to milk all those who invest at every dip just as how they advice them.

"On the top of that I included also the latest ICO scams are set up." This is an important issue, people are avoiding investing because of cheating.
It's good that you keep on this.

What are you saying? Cointelegraph give counterfeit news? It's spreading such a great amount of disarray about what to trust and so forth. Defrauding will happen until there is nobody to control it. I trust this market will be refreshed with greater security.

we should avoid scam and increase aware about it. i think your article play a good role and helpful for crypto people. every crypto people should read this and keep store this. thank you for sharing this article.

Yeah there are lots of ICO scams available in the market. But i think we should care about this type of bullish market news. I mean they are just some predictions so we should not focus on them.

I think you are kinda right here. There are shady sides in every single sectors. We need to prevent them by taking precautions. This is our duty to research properly and take proper decisions.

Shady sides are normal for this type of market. Because there is no authority to check scams so we have to do it for ourselves. I think it will be better if we make a strong community against them.

Actually in every system there will be scam and so in cryptomarket. Maybe we can reduce it but we cannot completely remove it from the system. It will be as long as the crypto remains.

Well scams cannot be removed from any system. We have nothing to do if people release scams. All we can do is just being aware of those and careful while trading with ICO projects otherwise we cannot do anything as they are unreachable.

Scams are really increased recently. People are losing faith and also lose interest for trading in ICOs. This is making the market down and also making the reputation very bad. And we just cannot do anything except avoiding them.

Now crypto industry is facing hacking and scams so before investment we need to do research on our level or take expert advise about project where we are planing to invest because crypto transaction is not reversible and decentralized crypto network can't track it. because of scams and hacking peoples are hesitate to invest in cryptocurrencies. scammers attract peoples to give big profit in less time and peoples easily fall for in this kind of scams and mostly newbie easily invest.

The crytocurrency ain't bad, people has really profited from it many ICO companies have evolved coming out with different projects some successful and some not so well. I just think there will be more transparency from crytpto users and also developers because these days u can't even tell which is real and not. Its very annoying sometimes for bounty hunters mostly I hear.

You can just watch the market action and know your in the middle of a pool with tons of sharks in it.  Add in a little trip to the bounty and airdrop scene and it's a complete cluster f.  You have to be careful.  We are in the early days of a new way of doing things.  It's probably going to get more wild as we move on

The primary issue with all these shady destinations and administrations that we are experiencing is that the entire crypto space is unregulated and no legislature on the planet has found a way to take care of these issues. Subsequently, tricks, fake exercises and control is as yet existing in the market. I trust a nation like U.S or China takes the control of regulatign the crypto space and attempt to help the financial specialists here while getting benefits for themselves.

You will find in each advertise a gather of people who are continuously attempting to control its client and accomplish their objective by any implies. This too stands for crypto industry. But also, beginner individuals fall for those traps. There's says in English proverb A yapping puppy never or rarely chomps. Everybody ought to take care sometime recently doing anything.

Let me summarize this article for you quickly, because it adds nothing that we have not seen in other similar attacks on Crypto currencies.

1. Bitcoin got pumped to $20,000 with the help of unbacked Tethers.  ::)
2. CoinTelegraph is the Fake News Cartel.  ::)
3. All ICOs is a scam.  ::)

1. Strange, a lot of my friends do not own Tether, but they helped to pump the Bitcoin price with fiat investments.
2. Bitcoiners should at least have one website, where Bitcoin is promoted. The Fiat/Commodity markets have the rest.
3. All ICOs are not a scam, I have invested in many of them and they are still going strong.  8) (Example : Augmentors)

Nothing new to see, just move on.  ::)

Your article makes an interesting read. Much of the points raised seems to corroborate my thinking, yet it looks like a conspiracy theory. The good side of it that you did not condemn cryptocurrency rather the criminal tendencies of a few who are manipulating the whole idea of a decentralized financial world.

Wow this post has attracted a lot more attention than I expected.

I'm a very skeptical person, and when I see CoinTelegraph and others report a lot of positive news I sell my bitcoins immediately because I know it's part of fake propaganda, and the whales that are pretty much in control of this news are ready to dump their tokens on the market.

Once we hit the (temporarily) bottom you'll see articles showing up that predict doom & gloom, bitcoin to $3000, $1000, $4000, or what was published 10 hours ago, 150,000 ETH has been sold by ICO sellers and they have another 3 million ETH ready to sell.

That exact same article in a slightly rewritten form was published on 11 August as well on numerous news sites with the only purpose to make people sell their ETH, in this case, and soon it will get pumped again, and once on top of its pump a lot of positive news appears again.

I know how to ride these waves as all I need to do is follow the news from CCN and CoinTelegraph.

So yes that's a pretty bad situation as many more guilible people fall victim to this nonsense.

The ICO part is a theory with zero evidence indeed.

I just thought about what it takes to pump a coin to great heights, and the easiest way to do that is when you control most of the coins, still you want legit publicity around it as most people will do a quick search in Google before buying a coin.

Where's the like button :)

If you have a bit of money you can buy a sponsored post on any of those sites.

If you have even more money you can even buy posts on CNBC, Yahoo Finance, and Business Insider, though i do expect them to do a little more fact checking though not an awful lot.

Oooohhh...
Someone's been trying to decipher the hidden agendas that have been happening in the crypto world.
This is good. We need more of the likeness of you.

Yeah that Tether thing have been a real question for me from the start. It became an escape pod for whales. They have freely done the worse in the crypto world without anyone even looking at it.

Now look at us. All dumped. This did not happen before even with bitcoin at a lower value. We have that kind of rule like bitcoin up then altcoin down and vice versa.
But now, it is bitcoin up and altcoin down then bitcoin down and still altcoin goes down. WTH!!!
Ever since that Tether came I did not see any altcoin soar way high than ETH. But now the powers are being taken again.

Will it be goodbye to all the crypto currencies like most analysts sees it. Hell!! Even Buterin feels like it.

It will switch at some point, no one benefits if it literally all goes to zero, I'm sure they are collecting coins while pushing it down at the same time, how they work out that math exactly comes sometimes as a surprise to me but they probably have a better idea then us what's in those order books as 95% is probably just wash trading.

The truth is since cryptocurrency is a potential development which have great capacities to transform financial transactions and well being it has also become a safe Haven for Scam's, despite the fact that we have recorded success in various aspects of crypto there are still cases of scams that we can not deny. The cryptocurrency industry is new and very fragile and at that can easily get manipulated on.

Tether was investigated but nothing happened from it, it is still used as the most popular stable coin so i wouldn't call it a scam. ICOs need a lot of research, definitely not for newbies who just put their coins into anything and expect a profit

After they made their money from it they showed some financial reports, that should've done prior.

I'm not a legal expert so I don't know why nohting happened from those subpoenas, out of jurisdiction?