Bitcoin Forum

Hello everyone,

last week I was contacted by someone on Instagram. They said if I invest with them into Bitcoin, I will get 10% ROI every day and at the end of the month I will receive the payout. He said the minimum deposit is 0.05 BTC.
He said this:
I work under a mining software service which is responsible for providing good mining hash rates and there's a target of bitcoins to be mined under the pool so by offering cloud mining services we're able to generate high traffic which increases mining speed so we can work more efficiently to each our targets and by doing so we offer profits to investors in return.

At first this seemed like a good offer but I don't know, I'm not that experienced with Bitcoin. He also has a certificate of Certified Blockchain Expert. He has quite a lot of followers and the Instagram profile is quite old. I think if this was a scam they would report the profile? I would rather not share the profile...

I would like some opinions from you experienced people please :)

Thanks and best regards

Sounds like a load of bullshit. Easily easily a scam. Probably the last place where entrepreneurs would look for investors would be via Instagram dms lol.


You can buy fake followers online as well as old accounts.

A Certified Blockchain Expert looking for investors and PM-ing random people over Instagram/Telegram is not a person you should trust and send him any money.
Cloud mining scams are pretty common as well. Google the following and check the results: site: bitcointalk.org cloud mining scam

Don't send any money to the 'expert'. If he was one he wouldn't need to PM people looking for investments. Instead investors would fight each other for a chance to invest in his companies.   

Everyone that offers you that kind of ROI is 100% scam, whether it's cloud mining, HYIP  or something else.

Simply report anyone  that contacts you with these kind of offers, and do not believe any " proof" they offer you as it can be easily faked.

Stay safe, trust no one.

Do not fall for such offers. Funds once transferred are not reversible so, before sending funds to such offer think 100 or lakh times whether it is valid or not.

If you had shared the details of the instagram. The experts can help us validate whether it is spam or not and all of us can be alerted if it is actually a spam.

Don't believe with promised profit. All of them are scam unless they are a known company that legitly operates. And be informed that most of the cloud mining / mining software service are likely to be scam except those legit that gives almost no return.

Did he showed you a certificate to prove that he's a CBE? everyone can proclaim that he's a blockchain expert though.

You should know that if an offer sounds too good to be true then it's probably a scam and why will someone randomly chat people up if he/she has nothing to gain from it.

10% a day it means you can get 300% one month. Sounds unbelievable. Even you are renting a cloud mining for them, I don't think it will give you coins for 300% ROI for one month.

You can read this tip to learn or to know if someone trying to scam you.

• COLLECTION OF GUIDES ON IDENTIFY AND AVOID SCAM PROJECTS (https://bitcointalk.org/index.php?topic=5125435.0) by tbct_mt2 (https://bitcointalk.org/index.php?action=profile;u=1096237)

Just by reading the first post I suggest you avoid deals like that because it is probably a scam.

No doubt it's a scam.

Anyone able to generate 10%+ ROI daily doesn't need anyone else's money.

Wow guys thanks for all the replys. Here you have the link of the Instagram profile: https://www.instagram.com/sarah__emilly/
Personally, I will report it.

Cloud mining services do their business because they want to get additional income. So, when he said they do cloud mining because it increases efficiency with increased traffics, that's fake. Mining requires hash power, and no traffic optimization could increase the hash power of a RIG. He's misleading you.

On top of that, there's no way you can get 10% per day with cloud mining (or even mining itself). You might be able to get that profits from trading, but it's not as easy as it sounds.

He isn't the one that is certified. It's the people sending him money that should be certified. :)

Pretty much! Certified gullible idiots to be more specific.

Do so.

Often you can reverse image the profile photograph and see where else if is being used. In cases such as this, it is frequent to be able to locate the image tied to some other name and account on social media, meaning that the former would be a fake profile. I’ve tried about five different sites with no luck. In Instagram, you can additionally audit followers, but the available tools do not work on private accounts such as is the case.

Regardless, just looking at the terms of the offer it is pretty clear that it is a scam aimed at those gullible enough to go through with it.

do you even have to ask? :D

think about these numbers a little bit and you will get your answer. if someone was capable of generating such a huge profit to give YOU 10% of it then why would then even need YOUR money?
they could easily start with a small amount and turn it into millions in a short time. for example start from $1000 of his own and earn 10% on it HIMSELF and turn it into $17500 in one month. such person would NEVER need YOUR investment.

which means he can't make shit, so he needs to fool others to hand him over their money to rob them.

That is a scam. First of all there is no such thing as a fixed return on a very volatile market even portfolio manager in markets that are stable cannot give a fixed return on fixed period for their client. Don't be fooled by this kinds of scams you will just lose all your money, the mode on where they have contacted you is another red flag since they have approached you through Telegram where known scammers hangs out. Its good that you have second thoughts on putting money to them and you have posted your concern here,  at least you know scams happen now on every platform.

Scam. You don't need to read anything else than title to know that :D.
If someone would be able to deliver  10% ROI every day they would take loans everywhere possible, earn 10% daily, pay them back in 10 days and take profit themselfs.

The user on Instagram was reported.

Maybe you guys can also report her/him, or should I write to Instagram. This kind of people are a great danger to people who don't understand Bitcoin or don't have second thoughts.

Clear SCAM, don't send any bitcoin to that scammer. This is a very old method to scam newbie. There is no such as machine that could provide you 10% daily profit. You will never find that person after sent fund because I am 100% sure he will block you somehow. Please don't try to find any quick rich method, there is nothing like that. So don't be greedy for money, try to earn by legal way even that is small amount and you will happy eventually.

Please share that scammer's profile links and some proof of chat history, so that other user could report him. Thanks God that you save yourself and share with this community. And obviously this would be lesson also for other users.

The method is maybe old, but such scams still have a high percentage of realization because new people entering in crypto every day. Some of them do not distinguish the real from the unreal at all, same as OP who is asking about 10% daily profit. If you just think about something like that, it is very clear that this is impossible with traditional investing, but some apparently living in a world of fairy tales where everything is possible.

The way we fight things like this today is completely inefficient, we save 1 person and 9 very likely fall into the trap. The only efficient solution would be to introduce a mandatory course into elementary schools, where kids would get useful information on how the world of finance works and that the internet is full of such scams. Also, every social media should force new user to read which are all risks of using social networks, such platforms have become perfect for criminals who hunt their victims, completely free and without any special permission.

Great news! The profile has been blocked :D The sad thing is he probably is going to open a new account and do it again... However, we just stopped a scammer, he had loads of people that he could potentially scam, she was following everyone I know. This way we make them lose time and we are saving people's money ThumbsUp!

Please use your brain!!!!! For the sweet love of all things please use your head.
If you even considering investing then you truelly are a fool. Can you do arithmetic? Is your IQ at least 100? You can use google? You can think?
I cannot believe people fall for this when good money could be invested on legit projects.

Let us use our brain over here and take 5 minutes yes just 5 minutes to do reseach.

Ok btc mining.

$2600 for a 56TH miner. We will completely ignore the cost of electricity and make it free. We will also ignore shipping costs.

56TH = $300/month at currency difficulty.

If the difficulty remains the same. Which it won't then $2600/300= 9 months +- then you break even and then you make $300 per month for a few months untill the miner becomes almost useless.



Now let us totally ignore anything about bitcoin mining and just use our brain


10%/day = 300% a month.

So if we invest $2600 as well we get $7800 a month and if you believe that you really are fucking stupid.
If you do this for 9 months you will have

month 1 $7800
month 2 $23400
month 3 $70200
month 4 $210600
month 5 $631800
month 6 $1895400
month 7 $586200
month 8 $17058600
month 9 $51175800

So apparent in 9 months $2600 will make you 51 million. ANd you actually entertaining this idea.  ::) Go back to grade 2 dude. Learn basic maths.

Rather just give me your coins then lose them to a scammer. Honestly, people who fall for this I have a hard time calling them a victim and I have a hard time calling the person asking you for your money a scammer because it is just so stupid. He asked you for money and you thinking of handing it over. Hilerious.   ;D ;D ;D ;D :D :D :D ;D ;D

Why do you even bother if I already said he was blocked and everything was settled in? I'm also going to tell you something dude... Have some goddamn respect. Tell me, did I mention in my post I'm going to fall for this scam? I used my brain and posted here because I am not experienced with it, but atleast I posted here because I think and I don't just go for everything. This is what acctually saved me.

And then you come here insulting me because I share a profile, to maybe even educate others? This post is going to end up in Google for future people and it will help them to not fall for the scams. Should we go to 2nd grade together? I will go for maths and you will go to learn how to behave. Everyone else was helpfull and they explained everything nicely, your insults weren't necessary.

Thanks for the calculations though :P

First RED FLAG 🚩
 
Second RED FLAG 🚩

Third RED FLAG 🚩

Fourth RED FLAG 🚩
 
  Fifth RED FLAG (;D ;D ;D) 🚩

No if the scam just started.

Conclusion: This investment looks like the best way to lose this 0.05 BTC.

You asked for opinions and I gave you mine.  If you can't handle that don't ask. Read your post again and you will see you were actually entertaining the idea...
"At first this seemed like a good offer but I don't know"
 now you acting like you doing this to help other people.
Sorry but if you fall for this you deserve it for being greedy and stupid.

If posting here is what saved you then I don't even know what to do, the maths was a pleasure since you very clearly have little to no understanding of the basics. Anyone who even thinks of "investing" with something like that should not be handling money ever. I am not surprised scammers scam it must be so easy for them. If people stopped feeding them they would go away.

For future knowledge. You get 10% a YEAR!!! YEAR!!! not day or month. Anything over 22% a year you need to be suspicious of. Loans you can make 22% a year with. Good investments (I have one in fiat) I get a little less the 1% a month but after a year with compounding its basically 12% so 1% a month.

Proper investments don't actually promise you anything the investment I get 1% a month for is just an average and it is not promised. If someone says you get "x%" per whatever time it is then stay away. Unless they making a historical guess. Also proper investments do not pm you like that. Only scammers do that. Unless it is someone working on a referral system then it might be ok just follow your gut.

Like I said it takes 9months to break even at the very best of conditions. Realistically you looking at 11-12 months and then you only start making a profit until it basically costs more to for electricity then what you mine. Although you can use your miner as a heater then. You also need to maintain miners. They can break or stop working. If you could get 10% a day everyone would be rich.

Could you not do this Huh 1 month = 3x and 2 months = 9x and realize that 9x your money back in 2 months means there is something wrong? But yes at least you posted here.

And while we at it.... Now please listen... Do not fall for any site that says "get x%" every whatever amount of time. Those are called HYIP(high yield investment) programs. You can profit from them but it is like gambling.
You might be paid out for a little while but if you stay you will lose everything. It is a pyramid so some people end up getting other people stolen money.


If you looking to invest you should rather invest in masternodes or even POS coins. Yes many people will tell you they shitcoins and blah blah blah blah. Don't listen to those people.
A masternode means you control the privatekey and thus your money. Unlike "cloud mining" where you deposit the bitcoins into another persons wallet where they hold the privatekey.
Pos coins is similiar to masternodes but less complex as there is not setup other than the initial syncing which is automatic anyway.
The pos coins often offer crazy interest but its ok you need to make sure the amount of coins growings total value is increasing. So you may be getting 1% per day of coins but those coins could be dropping in value by 2% thus you lose 1% per day. So you need to keep an eye on the investment. If you lose some money don't give up this is how it works. If you could just invest in anything and always win then it would not work because some must lose for others to win.

Thanks for all that info Lauren. The thing with this is, even if it seemed impossible to me (10% a day), you have some hope, that you are one of the few who is going to take advantage. When you get contacted the first time with that kind of offer you think all but realistically. From now on I will of course know, but it's a totally different thing the first time.

I think the thing that saved me was the fact I already invested in Bitcoin and her offer was very suspicious, but I was hoping this was a new method and so on... You start dreaming but you shouldn't I know :)

Anyways this is a closed case, I hope others learn from it as well and thanks everyone for the help!

Always ask yourself, why just a random guy on internet will find you somehow and give you free money?
Same as the Nigerian prince... My cousins won a couple of millions from a lottery he never participated in, then those guys called him from Canada that they  need a his bank accont to transfer the prize but they needed some small amount to open a account. He just said, use the money from the reward to open it.. and guess what, they never called again.

All such offers are clearly a scam. Delete and stay away. Do never send any founds to those accounts as you will never got them back.

It is 100% loss and not 10% profit.

Better buy official coin from the exchange and do some staking. There are many coins out there that can provide you some nice passive income.

I don't think it's easy to make money easily by sending money to others. What you told us is most likely a scam. If he has such high profits, I think he will not come to you, an unknown person.

Greediness often prevent people from using their brains. 10% daily is crazy haha even 2% or 3%. No mining, trading, arbitrage robot can do this successfully and regularly. Newbies hear about high gains in the crypto market, and they really may happen, but there are also big losses every day. No continuous gain. There's no need to investigate much to say that some things are frauds.

Those kind of scammers targets newbie as they still dont know much about crypto and how it works specially mining, I've seen lots of people fell into this kind of scam, they think its just a wait and earn scheme

Let it be clear as crystal! There is no 10%/day sustainable/consistent return in this world! If something like this exists why would someone share it with others? Clearly it is not for money. Be very careful, as you maybe realized the internet is full of scams and conmen. Like our parents used to say when we were kids: don't trust strangers - so why would you trust someone you never met in real life & even then you need to be extra cautious.

In no case do not believe such spammers. With the advent of cryptocurrencies, spam can be said to have revived and it has become more on our mails and social networks, too. 10% per day is impossible, no one can guarantee you such income over a long distance.

That was a obvious scam you shouldn't fall for that one or else you will lose your money this kind of scam are very common in facebook groups that promotes bitcoin and twitter they will offer huge returns and he'll ask deposit to huge amount of money and that's it if you fell it say goodbye to your money and sometimes he'll keep on contact to you until the time for payout and he will block you so, i suggest that you shojld stay away from them

The offer is not that bad, but how sure are you if it's a genuine one,  there are lots of people who claimed to be blockchain expert,  Who are just out there to deceive lots of people,  I will advise you to do thorough research before investing in it

People like this are not stopped when you get their social media account blocked, they just open up a new account or they buy a new account. It would help if the social media companies could dig a little deeper and block their IP Address and/or mac address for the devices they are using, because this will force them to constantly spend more money to buy new devices and/or use new service providers.  :D 

The point is this, these people are unstoppable and social media platforms should release their personal information to law enforcement so that they can track them down and arrest them. They should do some jail time.  >:( >:( >:(

Not when you are the first one to get in  ;D.  Pyramid style ponzi scheme where the first wave get all the riches.  But scam is a scam and should be avoided without any hesitation.  Anything that promise a return of investments without proper documents from the authority especially the central bank ( I believe investment firm needs central bank approval to operate) should be reported to the authority, this way we can help minimize the possible victims of these fraudulent actitivities.

never trust this Ponzi scheme 10 percent every day or 3 percent daily....the past of such site 100 percent of them are scam
no one can give this big or dream money to their investor but the opposite , the owner of ponzi scheme have a chance for earn money because there is a investor who believe in this pyramid scam till this day .
All of these sites must be closed

This is another lie to convince people that if they invest fast enough there is a big chance for profit but the truth is that Ponzi Pyramid Schemes will only pay back at the start small and average amounts only to make advertising. Still, this will be a small percentage of the first movers who will be paid if not greedy and not invested too much because even if you are first but invest a lot you will never see this money back. I am talking from my own experience and I know this industry already 15 years. If something changes here then only for worse.

My #1 rule when investing into something or buying products is There is something fishy if it's too good to be true. I already realized that "certified" blockchain expert ::) was a fraudulent person the moment I read the 10% daily ROI. Imagine, you will regain your capital in just 10 days! Impossibl, right? Do not get deceived by such flowery words, it will lead you to misery.
You should not entrust your money to a person you haven't seen before. Yeah! He got so many followers but it doesn't mean he's already a credible person, social media is very deceiving. If you really want to invest into something then much better if you will do it here as much as possible because everyone here is helping each other to filter scams and legit ones.

Even real world investments in stocks, mutual funds, bonds, ETFs, precious metals ... none of them get more than 10% per year. ... Well, it depends if those are penny stocks or just had an IPO. But for the most part, the big stable companies don't just get that much higher.

10% per day is a rip off to whoever is borrowing at those rates. 10% profit is unlikely unless it is a literal ponzi or pyramid scheme where they take the money from the next guy to pay you. That will work for a very short time until the whole thing collapses.

Anyone offering 10% per day, use your feet. Run away. Even 10% per month is too high. 10% per year is more realistic, as you can get that on some other financial products.

Even high interest savings accounts and guaranteed income certificates only give you 2% to 3% per year. Think about that for a second.

What does your bank offer you on your account? Less than 1%. Per year.

Of course, he will not tell you some load of bull shits when he is offering something good rather he will sugar coat his story he will come up with something good. I remember attending a seminar of pyramid marketing everything the spokesperson says is quite real, every milestone every successful story will make you lose doubt if that investment is fake. If time allowed it you could invest all of your money on them. but all of his stories are not true.

Thankfully you asked the expert about it, everyone here has some experience about that fraud, they come to us one or another story to scam and get our money. so the conclusion of this posts is, don' engage on that kind of investment you will not gonna get a payout after you invest a big amount of money and there will be no turning back if you do so cause in bitcoin investment there is no called money-back guarantee.

I think this is just a scam. Nobody helps you when you don't know you, he doesn't even know who you are, why does he have to help you make money? Think about this.

Yeah it's ok. Sorry for being so rude. I just assumed you were another foolish greedy person. You did come here to ask before doing anything so good job on that.


Yes it amazes me how some people are. It is all just HYIP or ponzi and they all have a story about where their profits come from. Usually some sort of super-advanced bot or cloud mining or some crap.

Lol, I love how you explain it. "living in a world of fairy tales where everything is possible"  :P So it is really the victims' fault for believing whatever they hear and being gullible.

The last person you should listen to is the person trying to sell you something!!

10% per year is better. IF it is per day then you can get like?? 3/9/27/81  wow 81x your money back in only 4 months amazing. and it gets x3 each month.

Good investment often require of to start as a trial and you can increase it as time goes by, 10% daily interest means 300% returns on investment.
This is too high and there is 500% assurance that they will not pay you.
This is a pure scam.

300% one month >  unbelievable.  When I see 10% ROI it's a scam, Be very careful, I got myself in a system where it was 3% / day what to say about this miracle offer. Rank your money and invest no penny in a business offering you high rates, they sell the dream.

things like this always happen in telegrams. there will always be people who try to offer investments with unreasonable profits. in fact, almost every day I get messages from people like that. however, I have tips on this

• Don't trust strangers who give you messages and offer your for investing (this also happens in real life)
• Be careful in investing, make sure all those involved in it are real.
• Do not believe too quickly and be tempted by a large bonus.
• Check web reputation, and more on this forum (this forum provides reliable information on developing projects).
• If you really feel that it is a fraud, immediately report, return to your activities, and move on.

don't think that every big bonus is a profitable business. there is always a risk behind it.

10% is too high so indeed it is a scam. Even 1% per day is risky scheme for legal projects. Just imagine that you have tool which gives you 10% daily. Would you need to find somebody to make them invest?

People here will advise you including me not to fall into this, this is Ponzi scheme or he just wants to scam you, you can look further by asking to show you some pics and videos of the facility but 10% is very high for such an investment, they put 10% daily ROI to feed your greed for quick profit, if the guy is just telling you all about profit then you have something to worry about, because every investment has a risk attached to it.

And majority of the crowd is to crypto with "easy way to make month", when one is this greedy mindset then such scam get a way to earn. If your unaware and literate about the activity that your doing then this your stupidity. I am not saying that scammer is right I am just trying to say that if you know your actions then noone can scam you. It is your awareness which is required before getting into something. This is every industry if you are not aware then some can bluff you off.

I also received a lot of messages like this on my Facebook messager. And some of my friends also asked me it these are really or false. That was a year ago. But still some spammers are promoting it. And this is totally fake offers. Don't try this unless you want to loss everything of your hard working money. We should remember that earning money is not so easy. So wherever you see someone offering a lot of profit investment , there is a lot of confusion. Be safe and try to inpire others to be safe.

Anyone promising that sort of ROI is just waving reg flags!
Never fall for it! guard your BTC and Crypto.