Bitcoin Forum

Scammers have passed their peak. They're literally everywhere, especially on social media. If you check some bitcoin profiles on instagram, there are so many bots in the comments that will make you puke. Here's an example (https://www.instagram.com/p/CGc2wYqoBu4/).

I can't imagine that there are people that lose hundreds or even thousands of dollars from those. Thus, I started a conversation with a scammer trying to understand their "technique" that finally came out to be so stupid. Because of that, I'm angry with those that believe them as well. These scam incidents is a major reason why not all people should buy bitcoin. This is the part where the middleman is required for these fools.

Anyway, screenshots' time!


Then I checked their website (https://247tradingcapital.com/).


Can't stop laughing  :D

Wait, there's more, on about-us (https://247tradingcapital.com/about.php) you have to see the team!
I googled the first image, woops! Another scam site(s)!


Conclusion, don't deal with people that are not on bitcointalk. (and have not high reputation)

Those scammers are on different platforms.

If you are active in discussions on those social media platforms, they're looking for people like you that are interested in the topic. They will approach like that but always check the profile, they are posers.

They claim that they are an expert in trading but if they do, they wouldn't be looking for someone to PM and then teach trading. Because they will focus on their trades and making money.

It's not something the crypto community should be proud of but the scammers are in every single field where you can make money.
But far too many people are falling for it in crypto because some.people don't have an idea of the implications of sharing private key or they don't know what a private key is.

Also people who are desperate for a quick buck just transfer the money without doing die diligence and then regret later.

The easiest scam to avoid are of this type, I remember some months ago when a scammer also introduced me to metatrader, but it was on telegram, there was one that wanted me to send him bitcoin while we are chatting on facebook messenger, there have been many scams like this on twitter too and all other social media. I do not know why people should be scammed this way because how can they pay strangers money after they did not know him, this is wrong and uncalled for, only greedy and foolish people should be scammed this way, people that are not patient and that are not thinking twice but ones. It is nice that op knows about this and avoided it.

I think that just people living in a cave could trust or have interest in this type of offer.
Image used is fake, the profile is totally fake, I mean just some one that has 0 familiarity with internet can be hooked on these huge scam!

I am using the same trick when I get a contact by a scammer ;) but up today I haven't received a dollar by them :(

@OP Maybe you can move this discussion/thread to scam accusation board, since it seems more applicable on that section:
https://bitcointalk.org/index.php?board=83.0

While it reduces the risk of getting scammed, this is still not guaranteed to save you. I still remember the case of kenzawak who is kind of known in the community. His account was hacked but the hacker didn't change the account password to avoid any suspicion. The hacker had been sending PMs to unsuspecting members without the real owner knowing until he received complaints. Here's the full story https://bitcointalk.org/index.php?topic=5150479.0

and here's another hacker using the same previously compromised account applying for a loan https://bitcointalk.org/index.php?topic=5165924.0

[credits to o_e_l_e_o]

Which goes to show how easily these scammers engage on their schemes over multiple social accounts and web domains, with no fear of being caught, rinsing and repeating their scheme at the expense of the inexperienced (and, I must add, gullible).

500$ entry level is pretty steep for many, which hopefully deters quite a few potentials from approaching them, but there does seem to be no end to these types of schemes …

The fact that the scammer mentioned that their project is 100% legit and legal is suffice enough to conclude that such is indeed, a scam ponzi scheme.
I checked the website for their resources and I find it funny that under their testimonials, they posted stock photos with fake identities of members claiming that said project is legit.

Man, the lengths that these scammers would go just to take advantage of a person. Imagine the number of people they already scammed and took advantage off...


https://i.postimg.cc/FzV57M7S/Screen-Shot-2020-10-21-at-4-01-37-PM.png

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https://i.postimg.cc/hPDN23XC/Screen-Shot-2020-10-21-at-4-04-37-PM.png

These particular types of scam can easily be spotted and avoided, there are enough these kinds here in Nigeria hiding under the umbrella of doubling whatever you invest in 2 hours to ×100. How ridiculous, people still fall for them apparently. It is to sanitise everyone in the Crypto sphere to cut greed off in order not to fall victim of such cheap scam.

Thye are systematic, they have a set of words that can entice people to have a flow of conversation and these are very tempting, if you are not aware of this, you can become a victim.

I also have a conversation with one scammer and he even told me that I can thank him later for changing my life once I invest on the platform that he is promoting.

The best thing to do the moment he mention somethng about binary and investment block them immediately, it's a waste of time chatting with these people.

Man these scammers all spout the same line. Not even a legitimate one of this does not yield that much profit. Plus the amount that the scammer is asking for is enough for a month or two of spending my country and that says a lot about their audacity to ask for the minimum said amount. Hopefully, no one will fall for this and even if a legitimate one appears, be skeptical because you can't chase someone in the Internet if they chose to run away with your money.

Interesting, I see tons of them on Telegram daily but didn't know they are that active on Instagram as well, I believe the main reason as to why they are using Instagram instead of Telegram here is the fact that the people that use Instagram can be less educated and less familiar with more recent technologies and changes(binary options trading in this case) hence they are an easier target for such scams.

Also Instagram is a bit more personal social platform and people share more information about themselves on there and because of that people might feel more comfortable with some random person that just messaged them so it is more likely that scammers can get something valuable out of people on there comparing to Telegram, also more importantly it's way easier to make multiple fake Instagram accounts since it only needs your email address while telegram needs phone number for verification and also you can buy followers on Instagram and the fact that you have followers can make a normal (maybe not so familiar with technology) person think you got some reputation on there and you're not lying or not trying to scam.

Are you not going to use the word and you generalize all the people that's using Instagram I don't think I have a lot of friends that's using Instagram and they are Cryptocurrency investors not all of those using Instagram are ignorant about Crypto, maybe they are not big in numbers but they are people who are into Cryptocurrency.

LOL. The message'' Are you an investor?'' is a common message basically when we join in any new telegram group. And I have faced this for several times. But as soon as I see these type of message from an stranger in telegram just click on block the account. And this is pre planned. Some scammers always wait for the new members in the targeted telegram group and choose them to make fool. If 1% people fall into these trap they are OKay with that and succesful.  ;D So be careful.

There is no need to send a message first because the scamer always comes by himself without being invited too: D Lol, but remember we should not be too stupid in responding to this because the ponzi scheme they offer is spread all over social media so that many are trapped in this trick.
Often times I find this kind of thing but the scam always clicks on the block so I can't communicate anymore because in the end if you continue with the chat they only offer benefits like a ponzi scheme.
Never mind this kind of trick like a child who just found out about crypto.
It remains for beginners to stay away.

what's weird is that there are still people who still fall into the scam'trap

Take a look at the bold part, when you are using "can be" in a sentence it means you're not generalizing and you are referring to some, apart from that it's a comparison to Telegram and it does not mean that people that are using telegram can not be uneducated about crypto, investment or any other thing and make mistakes that can lead them to lose funds just because some random person DMed them and ask them for their private key or something and they did so.

Nothing new, it's a very old method. Often I have been receiving such a message on the telegram and just reporting them. They have been trying to make us fool by a greedy offer. And sadly many innocent greedy peoples falling in their trap who have been trying to become quick rich. We can prevent them simply by just avoiding greedy behavior. Scammers are just getting advantage of our stupidity.

Difficult conclusion. A scam is always a scam either it is on the forum. If someone advertises such as sites on the forum means you have to ignore that user either he is with high reputation or not. You have to use your common sense always everywhere if you really want to keep safe your funds from scammers.

I’ve wasted the time of a scammer or 10 while bored, lol.. Troll them a bit sometimes..
I am astounded as to how incredibly stupid many of them are.. Many don’t know a lick about crypto at all..

Once I saw a guy scam a scammer.. Not sure about the morality of it but it was pretty funny..
Their was a usual “doubler” scam on Twitter, guy checked the recent transactions to the doubler address and found a recent one for 0.01 BTC..
Sent the scammer a message saying something like “I just sent you 0.01BTC TXID but I meant to send 0.1, could you send the 0.01 back to xxxxxaddy so I can fix it and send the 0.1?”
And the idiot scammer actually sent the 0.01, which ofcourse he just lold and kept..

I'm impressed with the creativity of some scammers and even more with the people that are fooled from them.

https://i.imgur.com/CKmIFoo.jpg

Lolz, private key is a ticket used to transfer your crypto? LMAO.

Great find, OP. I'm literally fed up of such schemes that these suckers put in front of me. TBH, these people visit us through various groups we may be involved in (like either bounty groups, crypto related groups or this forum itself). I believe that we need to keep our eyes, ears and especially our mind open in order to save our back. And binary options are a joke to me, so whenever anyone visits me asking to invest in their shit platform, I quickly block them. After all, when you're not expecting a PM from someone (especially something investment related), why should you even entertain them? Right?