Bitcoin Forum

Hi all,

Could really use some advice.
I recently discovered Bitcoin / cryptos. As you imagine my mind was blown and I got my hand on a few different coins.

I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500,  $2000 yields $6000 weekly and so on.

It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.

 
Are these guys all scammers, or can you actually get a good trader to grow your account for their own benefit as well as yours? So far he proposed to open an account on Coinmama and go from there.


I would greatly appreciate any advice, thanks in advance!

Kouyoku

Becareful for anything that promosing a beyond logic return more than 100% in a short time, most of them are scam and if you really get the profits, it must be a ponzi scheme that always wanted for a new victim everytime, first thing you have to do is to learn from this forum and you can learn trading at tradingview. Jump to the market only when you ready with decent skills and capital

Well, you're right. "If it's too good to be true, it probably is". What you're describing sounds like the typical bitcoin investment scam that's just usually masquerade into different stuff like cloud mining, trading bots, "bitcoin investing", etc. Nothing new to see here.

Think about it. If this trader is so good, why is he looking for money from different people? Personally, If I was a trading genius, I'd most definitely stay in the shadows.

Imagine the life would be that easy, no need to have a high knowledge just give someone money and get the high investment returns.

Unfortunately, none of those traders is real and in your case, he is obviously a scammer.

Just don't even try using his service. He is mostly a scammer. Why would you give your money to some random guy from internet that promising a good return of your investment? Smh

Wherever you look at it, it smells fishy enough for you to avoid such thing. You should learn how to trade by yourself. Try looking here and there through this forum, you'll find everything you need to know about trading and all. In here we have tons of threads regarding a beginners trading.

Bro, youtube exists. Google exists. This forum exists. Just research and ask questions here, its free, its safe, and most of all, its confusing as hell since theres a lot of answers. Kidding aside though, stop believing these kinds of services, since 90% of them are most probably scams. Only a scant amount are actually legit, and heck, they don't even teach anything that different from what you can learn in Youtubes and discussions in forums.

Just what they said above, it's probably a scam.
It's likely you are giving your money from other person without guarantees, especially you do it online.
You can't also even sure if their profile is legit or maybe a poser only.
But the good thing here is you ask here before trusting those profiles, it means you smell something fishy right?
Good job. You need more to learn those kind of action, especially if crypto is involve.

If I am able to make $500 with the investment of $1500, I might have been busy in making of my $500 and definitely I will not bother about talking with you to convince yourself to invest in my venture. Already I'm able to make 33% of my capital within a week still why should they need to convince you to take part of my venture?

Just think about in this perspective then you will understand why people are working hard to make you richer. You must understand that no one will work for your benefits in the case of everything that they are promising will be true. Trading is not that easier to perform consistently up to the level of 33% per week.

You did not mention about who is going to do the actual trade. Because, there are people they will provide tips and you need to do the trade. That should be fine in most cases. But, some people will ask you to invest into their trading account and then they will disappear because they get your money in the name of trading for you. Bitcoin market is providing very simple way of trading for all of us which must be simply buying and holding bitcoins for years. This will definitely get you big return for your capital. Do not believe into such offers from Internet strangers.

Just learn learn learn. No need to let those so called traders manage your account for you. The best person to hold and invest your money is you yourself. That way, when sht goes wrong, you have no one to blame right? Close to a 100% chance that its a scammer, and even if there was a 1% chance of him not being one, I still wouldn't risk it. It's honestly both a waste of money and time. I'd rather watch YT and study from there honestly. Easier, and I can adjust it to my time frame as well.

A good rule of thumb for spotting a scam is if they are giving you fixed returns for your money. Like what you have said 500$ will give you 1,500$ and 2,000$ will give you 6,000$ and by the looks of it the scammer is offering you a 300% return a week for such a volatile market which is impossible to do so. The return itself being offered weekly should be a red flag itself since returns that big on a short period don't exist at all even in the most elite form of trading. Don't even think that they are trustworthy just because you come across each other in LinkedIn as scammers are now lurking everywhere even with that kind of site, fake ICO projects also have fake LinkedIn profiles for there non-existent members to make them look like legit. So really you cannot trust everything you see in this industry.

One rule here on crypto that you shouldnt forget:

"If things are too good to be true then its definitely a scam"
Its better to trade your own money/coins rather than entrusting them to other so-called pro traders because if they
were profitable in the first place, they wont bother on handling other peoples coins/account.

Think off sensibly and logically.Does someone who is capable on making that money will have the time to offer account handling?

Just like on what other members trying to say here.Its a scam so better stay away if you dont like to lost up some bucks.

Even if the person happened to be legitimate, past performance doesn't indicate future success and even a good trader can end up in losing streaks from time to time. There's just an extremely high risk that any account managers you can find online might be scamming you anyways that makes it really not worth the risk or effort to find a legitimate account manager in the first place that's actually got any good knowledge and real experience in the crypto markets anyways.

In short, you're much better off just learning how to trade yourself. It's very tempting to take shortcuts to earn money, but most of the time you end up either losing your money or get scammed.

SCAM SCAM SCAM

There is no such thing as someone who will make an effort guiding you from scratch without an attempt of taking advantage of you.

Too good to be true always lead into bad and negative results.

Don’t trust them, it can be a 100% scam and if they get the access on your portfolio expect the bad result. Linkedin is also full of fake people, they can easily edit their profile so don’t trust them. If you want to learn trading then do it on your own, instead of paying the fees use it to equip yourself you can go to trading seminars or buy books but never to trust someone to manage your money.

Real and professional traders are too busy managing their portfolios so I doubt they really have time on that account management service. And there is no trader, no matter how professional they are, can give you an assurance that they can give you a "guaranteed weekly payment" with that kind of numbers. Crypto is heavily volatile and always remember that.


Sounds that you are considering taking the bait since you have zero knowledge in trading. Always trust your ability to smell rubbish offers on the web.


Read this from Coinmama:

It mean they have control with your account, that's wrong my friend. The main player must be you, if you want to get advice to fix your problems that's fine but all decision and account must be you. Maybe they have good track record but that's not guarantee your portfolio safe. Do it by your self if get tired just rest tomorrow come back again, that's it. 

Most of the offers are fraudulent. Now there is another trend: they copy someone's big winning orders and then upload them on their profile. then they earn a lot of followers and they make a suggestion just like you are witnessing, then when they make enough money they will out and delete that profile. This has happened on a lot of social networking sites and never trust people you haven't met. If you do not have trading experience, learn and maybe you will become one of the best traders. No one knows the future, the effort will produce the most worthy results. wish the best to you

if you get a profitable trader, you go away from him because actually most of them only take your profit, sometimes what we see from the linkedin profile he is a reliable trader and a professional person turns out to be only unemployed, so my advice is better you learn yourself with see some video tutorials on how to trade crypto on YouTube and never give anyone the confidence to access your money

You already smelled the fishy scent so time to back off for a little. Pause it for a while and learn more.
Read all the replies in this thread of yours and then maybe someone could shed some light with all those questions that you are laid.

Mostly, they are scammers. That kind of amount cannot be made anywhere so it will be a freebie thanks to you.
They will throw sweet words but those are still lies.

Look, trading is not an easy work and you will find yourself at loss most of the time. If they can really profit from it then they are some lucky ones. Even technical analyst do have some losses. Careful with what you are trying to get into. Better DIY.

First question is how well do you know this people? Would you trust this guys your $500 hoping that it will return to you with profits? Lets think of this way, one day a random person knocks on your door claiming that he can turn your $500 to $5,000 in just 72 hours, would you give that random guy $500? If your answer is Yes then you are among the easy target of scammers. Better post that random trader here so we can see if this guy is legit or not.

In general, if all these methods of guaranteed ROI worked, they wouldn't be shared with others. Would you lead some random get rich quick noobs on the internet to your Gold vein? I'm pretty sure you would not share that vein with others but keep it to yourself.

PlusToken, such an obvious scheme paying people 10% a month, yet they managed to make a few billion in Bitcoin and Ether. This once again shows that Bitconnect type of schemes still work to steal people's money. Result is that it will lead to even more retail exodus because they don't want to be reminded of what made them lose all their money. :-\

Firstly, I will say welcome to crypto and I am glad that you discovered cryptos not too late. I am also aware of these sets of self-acclaimed account managers and their mouth-watering offers. I want you to understand that if this is so easy to generate such profit from managing crypto accounts, a lot of popular speculators with track records would be account managers today.
These self-acclaimed account managers are all over the internet prophesying huge profit when you entrust your crypto and portfolio with them.
Please, ignore such offers rather than buy Bitcoin and hold, and as well make personal research on Alts that will give you a good return. Stay woke and smart, the world that we are in is full of pleasure and pain.

Think it first before make action, Do not trust all those kind of good words because one of them its only a bait for you.
Make your own trading if have time, If not ask some question in this forum if you want to start actually it is free for anyone want to learn.
Read some rules to avoid those scammer you face always.

Be careful always don't waste your money, Just think it first if looks like something different or fishy that someone said in here.

Whether the trader is too good in trading or he has good skills in scamming is my doubt. Another thing among all the listed cryptocurrency it is quite hard to get $1500 out of $500 as investment in a weeks time. Continued buying and selling gets with a profit, but this doesn't look to be fair. When one can earn $1500 out of $500 whats the need of others money. This week he can earn $1000 as profit. Keep it aside. Next week he can make use of the $1000 and earn $2000. Further by the third week he can invest the $2000 and earn $6000 as stated by him.

If what they are presenting to you are too good to be true, that is already a red flag. Please watch out. That is a sign that there is something fishy going on inside their heads. If possible, avoid it altogether. There will be sweeter words to come from them. And what is coinmama? That is unheard of here. Don't open an account there. This is just a way for them to promote that site.

Yes, don't believe what they are saying, a good trader will not offer such offers, he will guide you in the right trading, not by making instant money every week.
So in my opinion it's just a trap so that many people are interested in it, but if you want to learn to trade then do it yourself and find the right information without having to spend money.

In addition, do not entertain them because they can cause destruction to your portfolio. Focus on yourself, gain knowledge and observe on your surroundings. Don't trust easily, use your critical thinking skills in terms of cryptocurrency.

Make yourself better and professional little by little. Improve yourself and don't depend on others. You yourself is the key for your investment to grow.

Its not possible for anyone to give 300% return in a week by doing crypto trading so just ignore any high return investment because its probably scam as you thought.

You can start doing trading on your own and aim for a return of 3-5% per month which is likely possible when you have enough patience to execute your trade orders.I would suggest binance for you over any trading platform as of now to begin with.

It is definitely a scam, if you transfer money to him, you will lose money. If he can make a profit as he told you, why doesn't he use his own money to do it, instead of using someone else's money. The rule is never give money to people you don't know.

In your case I am sure that you have met a crook. Once you hand over your account you will lose all your assets.
You just need to ask a question: if anyone could make such a big profit why would he have to be a broker?
If you love the cryptocurrency market and want to be a trader, you should study and make your own decisions. Do not trust the sellers of trading signals, brokers and trading bots.

I must agree on this one. Scamming has been the greatest enemy we have here in crypto space. A nature of scam is to make believe of its victim, and so obviously what's the primary tool of it is the compelling words, a well disguised words for scamming. Too good to be true returns is 90% a scam although there are legit stuffs like that but it is very rare to find. Another is do not be too easy to get with advertisements, it is one their tools to get people up on them.

They always have scammer any even if whatever you want to join or participate in any works in crypto. And yes scamming is the greatest enemy we have in crypto, So that we need to be careful always because of this scammer spreading anywhere.Advertisement are using for scammer sometimes as you said Ill think if one of us are take a bait for that maybe it was a bad luck for us, So we make sure and read more information or ask someone if this will be legit or not.

A good trader will neither get money from you as investment nor they will charge you fees for trading tutorials and seminars. Both traders who ask money from other people as investments and sells tutorial lessons and seminar slots are bad traders. They are no good enough in their real field that they only try to bring their low quality knowledge elsewhere with the hope that they will be able to convince innocent yet interested individuals in crypto trading. Avoid them all.

It can be a scammers or high risky trading.

you can check open ROI stat for high risky trading - https://tradingchamp.io/traders/DnevnikPalycha  +227982.20% for 1.5 year  (~540% ROI per month) and -100% in the end.
So it can be true but with small chanse to earn on it.

I have made 300-400% for this year in BTC, but that guys promise you +300% per week guaranted.

ps my open stats:
https://tradingchamp.io/traders/Exupry   or
https://icryptofan.com/monitoring/88d84aff-3094-4dd7-99ca-4fec92e65392

This is surely a scam. The person who is committing such a high return in a short time why can't he trade his own money and become billionaire after 1-2 years with this rate of growth. Asking investment with some particular broker is another sign of scam. He could have simply trade your account and could have fixed a profit percentage of profit. Always beware of such scammers, you will only lose money with such people nothing else.

Looks scam to me and surely they will be gone in a few seconds after you deposit your money. Avoid this kind of scheme and they are just a bunch of scammer who are promoting a good profit and earning in just a few days which is very impossible if you just deposit $50p that will turn into $1500.

Avoiding this scheme will make less of them to scam people but they will surely make come up again a new style of scam. And also you can just do self-learning so you will know thr in and out of trading.

That was scam already Im just always encountered that kind of scheme but Im just ignore it even do they trying to force me.
They are to many in a telegram and it was unknown for us on why some of them PM on us that have no permission, As we look some rules some channel on there no Admin be PM first.

That kind of scheme ignore it early or banned them at your list so that you can avoid those kind of scammer.

I smell the same thing. Too good to be true.

Look, those are your funds. Do you really want someone else handling those? I mean, those came from your hard earned money before you could even buy it.
I cannot even imagine that.
I would rather be staking some of my token because I know those are still mine or rather I could trade it if there is no staking option.
It is difficult to trust someone this days when we are talking about money.

It really doesn't make sense in my logic but I learned from experience. not only trading even once I was like that, using it in gambling with multiplied profits, but in the end, it lost. if it's that easy they should be able to make lots of money. it's better to join a paid premium signal, you can earn what you want and you can still control it.

Obviously scam. Random account on LinkedIn usually broadcasting their offer to random people, some are trusted, some aren't, but most aren't, because trusted and professional people already know where the market is, not to random places.

It's better to do with your effort, even the result will become lose at the first time, but it's your lesson.



Trading is about how to manage your money, besides control yourself. Yes, at the first time losses will always be found, but everything that needs a process, well how do we go through this process so that later this process leads to the path of success.

As much as you can just do trading on your own. You can research and learn from many sites and experienced people. Having a trader other than yourself is somehow convenient for you but the risks is twice higher than doing it yourself. Nonetheless, that trader is whom you trusted the most. But as much as possible try not to depend you money to others. Its really risky and what will be your assurance from him? Its easy to say that amounts of return. Remember that crypto itself is a risk plus the market stability plus that of the person you hire to do your trading.

For me it is always better to have your money know how you can make it grow because just like what you're saying those it is good to be true is a feeling or gut feeling and its either you go with it or ignore it. Having no experience in trading is a good but it is great if you will try to learn than investing your money or letting other people trade for your money even how you know him.

Think about this: if he is a consistently successful trader would he waste time and take unnecessary responsability and stress trading other people's money? The answer is a radical now. The most successful traders I know only offer guidance/education, not signals or money management services. Of course that on the larger scale such as big hedge funds they do accept investors but they are regulated and all that. I hope you can understand now why he is most probably a scammer or he runs a ponzi scheme which is synonym to being a scammer.

Just thinking of this way would already give you the idea that you are already dealing with a scammer.No profitable trader
would consider on handling others money yet they can make money on their own.Just to think off sensibly then its an impossible
thing for others to offer such service.

So i would say that this is 100% scam service.Dont easily believe on this one op.

it's quite risky to join them. there are only two things that cross my mind if these people are as serious as that. they might use your money for trading, or mining. Well, even if it's like that, it's all too risky. I suspect that the discussion will end by making you pay a few dollars to be taught tips and tricks or something that is already pretty much on YouTube, and on the internet.

Why would someone has to trust someone their own money just to for them to use it n trading? It's more likely a scam unless if it is someone that you trust the most. But that would seldom to happen in real life because most successful traders won't waste their time making some profit to other people just to let them just receive the money without doing something.

It would make no sense for anyone who can make that much money to give out money to others as well. It is not even a ponzi scheme level of profitable works, normally the ponzi scheme people offer around 20%-50% yearly so that it looks both realistic but also very profitable and when they fail they just pay with other peoples deposits to new withdrawals and hope that it will continue forever with more and more people depositing but they fail to realize that eventually people have a threshold of cashing out the profits so all ponzi schemes fail.

This is even worse than that, there is not enough people that could make this a possibility, you would give them money for just once and never recover which is a very very bad scam and not even a good quality one like ponzis.

Think before you do action dude because in cryptoworld you need to protect your fund from something fishy like this one, no one will give you a fast income or return its better to learn trading by your self rather than giving your account with fund to someone that no guaranty you will get a good return.

I am 100% sure that it is a crook trying to trick you. With such a huge profit, no one has to work as a hired employee, they just need to invest and receive money.
Phishing appears in many places and they have many ways to seduce new people. I guess as soon as you deposit, you will never be able to contact the LinkedIn trader again.
If you want to make money on the cryptocurrency market it is best to make your own decision, never trust the guys who talk about huge profits.

Once I watched a movie starring Leonardo DiCaprio, called "The Wolf of Wall Street."  This film really impressed me and revealed the essence of how strangers can manage other people's money.  I believe that it is better to study this activity yourself and find a good strategy for managing your portfolio, rather than hiring someone from the outside.

Yes i think so, there's no service for hiring a traders except a scammers. If they really good at tradings and could make sure profits from trading they will just trade with their own money and get rich quickly. This kind of services is not make sense for me.

It is a scam, obviously there are traders obtaining money in the market but they are a minority and most the time they already have all the necessary capital that they need in order to generate the profits that they want so they are not going to be on the Internet trying to get clients, because I can assure you any person that could generate those kind of profits in a short amount of time will have investors knocking at his door begging him to manage their money.

Its totally contrary because if we do think up well then theres no need for these people to handle out other money to make it profit
but instead they would surely trade on their own since they are making money out of it.We cant say that they are just
wanting for more profits but those are achievable on trading alone thats why i therefore conclude that fund handling are just total scams
and it is more better to trade on your own.

Instead of hiring a random trader online to help you in trading why not just trade on platform that has a leader board that you can copy the trades of the highest earner on that platform. I don't like getting service on any organization like signals and private guide on trading coz I think it is just giving them opportunity of manipulating the market in small scale but in scattered way.

So now they are using Linkedin to attract new clients. One thing I learned about offering services such as funds management, if your service is really that good, they dont need to offer their services anymore, clients will walk in and ask for their services. Their work will speak for them and they dont need to use flowery words to attract new clients. I your case, I will not trust that linkedin user, he is just another scammer looking for a new victim. 

To dumb to believe for those schemes that they will trade our money to gain and those words are used already by scammers so better not to get any involvement on those since might you are joining a ponzi schemes and not a real trading, and also we should think this always if they are really successful how come they will ask for our money to trade and distribute the profit since in reality they can just do it on their own and make richest out of it. So better think twice and be vigilant always since scams are everywhere and always use the trading as their front.

No one knows if he is a scammer or not until you try ;D

But I won't suggest you try his service because as you said, that is too good to be true. The profit is 2 times from the initial investment which is too suspicious. I suggest you learn trading by yourself so you don't have to depend on other people to make a profit from trading. All of us have started from zero, and we don't have knowledge about trading. But we have goals that we want to achieve in trading, so we spend time to learn to trade, and that is what you need to do.