Bitcoin Forum

Recently, I have seen various messages on social networks such as WhatsApp and Instagram that promise you a short-term profit of 400% bitcoin.
400% short-term profit and all these things are theft and be careful.

http://s17.picofile.com/file/8412558926/30561_357_compressor.jpg

And they sell you multi-dollar packages that you can swing professionally, but all of that is a lie and a scam.
By selling these packages, these people sell very little and beginner information to newcomers to the digital world and promise them to become millionaires.

Do not trust these people and pay attention to analysis and fluctuations in the digital world.


These people want to sell you a dream.

You know we're about to enter a full blown bull market when the Ponzi schemes are back in full force.

Ponzis make you believe you're making heaps of money, then one day it all collapses and the original person or group who started the scheme, profits big.

Aviod 'Bitcoin Investments', just hodl and self-custody your coins. Don't enter your private key anywhere.

The general rule: if it sounds too go to be true, it probably is.

Many scams will want your Bitcoin.

Many alts will want your Bitcoin.

Stay safe out there.

I think barto123 nailed it.  If an deal looks too good to be true, it probably is.  Use your common sense - It prevails.

This is not a new trick in crypto space, this has been already happening around. Easy money? Quick return? Instant rich? People got reck if they will put their money to them. It is too much to hear that scheme, people should have to realize that these things haven't existed nor to think about doubling your money because it is out of reality.

We don't need to let them have a way to scam us. If we are a smart person, aware of the situation, I don't think that we can still be a victim of this. And besides, this is also common sense for everyone how to know if that is a scam or not, but seeing a doubling money scheme is was pretty obvious that was a BIG LIE.

I just end up playing with all those scammers until they can't deal anymore with me and block me :D:D

I have a good time messing with scammers and I waste their time hehe

Perhaps the OP hasn't visited the Scam Accusations (https://bitcointalk.org/index.php?board=83.0). I will advise you to go to that board and see it for yourself have many scam attempts similar to this one has been exposed by a lot of members. So yes, this is not new, just recycle methods to target noobs who will see this as an opportunity to earn easy money, but it is not.

It definitely should be there, and OP can get some merits in there too. This kinds of schemes are getting traction in my country with more people needing money. Good thing that most of my relatives, friends and acquaintances did not fall to this scheme. Hopefully, they should never know of this or participate because that just sucks.

This news is not new in the crypto world, it always happens in the virtual world because scammers are always there, if you are already many experiences in cryptocurrency then for sure you won't be a victim of this. After all, only beginners will believe this kind of scam, I got scammed before from a fake website with the offer of 100% in return way back when I was a beginner and this sucks, thankfully I joined this forum and become informed about those scams.

There is no legit website that will offer a high return with the short period, that is a full scam, never trust someone or a website like that because you will end up losing your money, better to do research first before anything else.

Haha this is not a new scheme to me. Thieves have been using this way steal people money for many years. They always disguise their ponzi schemes into a blockchain based project such as tokens, bitcoin, etc. Its funny that there are many people believe in these high yield investment programs and as the results, they lose a lot of money. I guess that the dream of being wealthy makes their mind program purblind.

The bad news is the more people being deceived, the more notorious bitcoin is. In my country, people who do not have knowledge of bitcoin or cryptocurrency will claim that bitcoin is a scam and sooner or later, it will be destroyed. And if you are caught using bitcoin, being arrested can be a consequence. Because of those frauds, the government has decided to stop any business related to bitcoin and cryptocurrency. And they would not resolve any issue with losing money while investing crypto. This is totally unknowledgeable and we could not do anything at all to amend the current states

Not really anything new. These sort of schemes have existed even before bitcoin existed. Just instead of being a purely fiat-powered investment scheme, they just plaster things like "bitcoin", "blockchain", "crypto", "decentralized", etc and they use websites with great looking UIs to hopefully trick the newbies.

This is not new. This modus is very old, most probably older than Bitcoin itself.

All kinds of exclusive and premium packages have been sold online and offline. There's a package for someone who wishes to excel in forex trading. There's another one for someone who wishes to make a lot of money in trading stocks. There's also packages for those who want to earn more in the advertisement industry. Not so recently, there were also lots of tutorial packages offered to those who want to get well informed on how to make money in dropshipping. The list could go on and on.

Well, ditch them all!

Indeed. People are too dumb to realize the truth behind these sort of schemes. Greed has consumed their mind and they cant think of anything else but the money. In my country, deceivers dont even need a good website to put people in their scam project. Only some soaring speeches and promising a high return are needed to lure thousands of dollar in just one night ???

Education is really important. People should add those schemes in study programs so as to rise people awareness so as not to easily lose money in a imbecilic way

Even if that is an old trick, it could work to trick or scam new people in the crypto world because they will not think much about the scam. They only think that the profit is big, so that makes them join with those programs. If they can search for another info, they will found that there is no biggest profit in the short term, and they will know that it is just a part of the scam that will happen in the crypto world. The first thing that we should consider is a scam or not is the profit they offer, and if the profit looks too good to be true, that will be a scam. I hope that people can learn more about every investment offer they got, and they can search for more to find if that is a scam or it is true.

The gullible ones will likely fall for it, such a mouth watering and appealing high return profits to the tune of 400% is obviously an illusion that can never be real.
Last time it was YouTube where some scammers also used similar trick to scam some viewers fortunately YouTube brought down the video, I believe we will begin to see an upsurge in the activities of these scammers based on the bullish market cryptos is experiencing now don't fall for it.

This kind of scam is old tactic and really common for every business we have so we really need to be more careful when we are just starting a business or investment because if we dont, even if the business has a good potential you won't reach it and will get disappointed early. We can also have a mentor that you well known so that you can trust him just like me, my mentor guides me for every act i am doing and now i am a successful bitcoin investor and trader.

thats new . i havent heard whatsapp and instagram being invaded by scammers but its the twitter , facebook and telegram are the ones that are always on the headlines however the lines that 400 percent return even not in a short period of time will always be sketchy and better if we not trust it to avoid getting in trouble . on the next part you said they are selling packages ? if they sell something and you can recieve the package on hand then that was not scam but it was a different scheme . they can use examples and promising words to encourage thier costumers but its up to the costumers if how can they sell thier product .

Just because the price of bitcoins is increasing and at the same time media is covering it in many parts in weird ways like " people became millionaires with this simple trick and such " my local news covers Bitcoins as something that would make you rich overnight. People who know nothing about it tends to believe and these scammers uses this to pry on the uneducated people.
-it's too good to be true
-why should you contact someone when everyone is capable of handling their funds themselves.
-it's impossible within a short period see the charts.

This is a pretty scam that has been around for a long time, most people who are victims of such scams are greedy people who don't think twice about the consequences of throwing money into thin air all in the name of investing in businesses that it's RIO is higher than the average legitimate businesses. But scammers are always wiser to deviate from one field to another. Thank you for updating us about this.

Where is the source of messages? Would you mind sharing them, please.

400% short-term profit is very high and I only see the profit claim from PONZI. If anyone invite me to join group with profit claim at 10 to 20 % each month, I can consider to participate. 400%, no I don't look at it.

It is good to remind beginners on this forum that money does not grow on trees. However, it is pretty common knowledge to not join this kind of programs unless you are ready to lose all your invested money in a blink of an eye. Ponzis are a form of gambling to be honest. The problem with a lot of them is that they deceive people. They mention things like guaranteed profits, huge ROIs in a short timeframe, etc. just to attract the inner greed of humans.

The Ponzi scheme is not a new product, it has been around for a long time, it's just that the scammers took advantage of Bitcoin this time to launch their action.  During this "PANDEMIC" period, many people started to become interested in cryptocurrencies, especially Bitcoin.  I'm not worried about the members in this forum because it sure won't be easy to get into their trap, what I'm worried about are those out there, who are greedy and easily incited with "big profits and quick profits"..

That's not cheating in my opinion. That's a pure scam. I think there's no way you would be able to gain 100% in a short term, many of us here already know this kind of scheme.
I'm surprised there's still some scammers who are still using trick to deceive other crypto investors.

ya.ya.yo!

When you visit youtube and read random comments about people having success with a Bitcoin "guru" who teaches people how to trade - that's your scammer right there. For all the great technical analysis that can be done on BTC nobody has shown consistent earnings other than whales moving the market themselves.

The scam listed in the OP is as old as time, all they did was add BTC and cypto buzzwords to attract younger naive people.

Thanks for the warning. For experienced bitcoin people, we know this trick and it won't work for us. But good for newbies that are reading this, you've been warned. You buy bitcoin in exchanges and you don't need to invest it elsewhere.

Holding it is already a form of investing and you wait until the price goes up. Don't believe with those false high percentage profits, you're about to lose money if you believe them.

Thank you so much for the warning there have been similar scams through Bitcoin before. The register scheme is really very deadly investors are at a disadvantage. That's why we need to review the sites well before trading in Bitcoin greed always brings harm many traders fall prey to this kind of scam after greed. Therefore, without greed you have to start with a small amount of capital and try to know the updated information of the market.

I guess that most of us are pretty aware that there is no way to earn 400% instantly from bitcoin... believe that some one or just a legit service can give for free an immediate profit of 400% it's a clear scam.
People that trust this opportunities normally are pretty aware of scam and other fake investments but they want try their luck (or just advertise the service to other people in order to gain referral %).
Another group of people that fall in these traps are totally naive. They don't know how bitcoin work and are easily deceived to "invest" in such type of scam program.

As the market is turning to be bullish people are getting into cryptocurrency for the purpose of investment and trading needs. Even the people who are into stock market trading moving towards cryptocurrency. This might've made more cheaters, scammers to keep track of the people and scam them easily. People try different ways to cheat people, and with cryptocurrency if we aren't active and responsible in taking care of our holdings then it'll be under risk.

It is not surprising at all that scammers sometimes change their target audience. Twitter, Facebook, and Telegram have been used in the cryptocurrency community for years, literally since the inception of bitcoin. Most of the people there are already familiar with the common schemes scammers have employed to take away a piece of hard-earned money from inexperienced and careless newcomers. Whatsapp and Instagram, on the other hand, are rarely used to deceive people, especially when it comes to shady Ponzi-like cryptocurrency schemes. People on given platforms have no idea what bitcoin and crypto is, and how they work, they are thinking of them as magic money, that is why promises of high returns seem real for them. They fall victim because of a lack of understanding.

Nah, that isn't a new way to cheat with Bitcoin, this is a very old scam method. It has been a long time since this type of scam happening and peoples are spamming via personal messages from various social media. Obviously, those send such as message they are too much greedy and they just need financial gain, doesn't matter if other people lose funds.

Those fall into such a scam they are greedy as well. We always try to become quick rich which isn't possible really. We should remember there is no money-making machine that can multiply your assets. Just use your sense and save your assets.

I'm much aware about this and mostly I see them up on big social media pages where they can possibly target newbies who's not aware about this and have an idea regarding on forex trading's but doesn't know how to deal with it by themselves. But unfortunately many still get fooled since they think that they can earn with it without doing nothing. Sometimes I blame the saying about let your money work for you since sometimes this mindset came out from the minds of newbies and think about those Ponzi schemes as solution to earn decent money for just waiting their pay outs.

From the sweet words of immediate profit of 400% there you can already doubt why is that such a big profit offer. From here you can come up on your mind that this might be a scam, that this might be a way of a scammer to attract its victim to fall on their trap. We should be responsible on everything that we do especially if it would cost you. Scammers were scattered out there, just waiting for a victim to trap.

This summer I got phone calls from abroad numbers (but people spoke on my native language) with an offer to buy bitcoin mining powers.
That is perhaps a new way to cheat as cheaters went beyond the Internet. Anyone got calls like that?

I did not spoke for a long with them, as I got tired hearing all that numbers of profit and calculations. But now would gladly hear what kind of payment methods they will accept :) Will they just send me an address via message for deposit or ask for my email?

Obviously not a new way.
Even newbies in bitcoin community should aware of this kind of fraud, it's not a matter of newbie or not but how people think rationally.
if something is too good to be true and people have to pay something upfront with the lure of multiple returns, then it's more likely a scam.
Many people fall for another way of fraudulent, such as a scammer impersonate as someone or a website, people who don't check it carefully will be deceived.

these HYIP scams are rampant this days on Facebook's comment sections. I even got messaged by three of them saying the same thing. the sad part about it(other than knowing in my country there are still falling for this and even encouraging their relatives to do the same) is that Facebook seems to be slow when dealing with this kind of scam messages on the comment section. I've reported a bunch of them but I still keep seeing them on the same comment section.

What's worst about this scheme is that, an investment agent use this to take advantage of people who are not educated about this activity. This kind of investment scheme is now so rampant in our community, and a large amount of money is being taken from them. For sure, it will come into an end. By the way, this scheme is now running for 3 months by now and still not busted.

Let this be a warning to all of us to not get easily swayed by too good to be true investment.
https://i.imgur.com/cyLWzAk.jpg

What I'm worried about is that new people find out about crypto, they will be easily swayed when there is a big gift that makes get rich quick from messages sent, they don't realize it's a scam, surely they will be attracted when there is a 400% profit in Bitcoin, but for people who have known about crypto for a long time, everyone thinks this is nothing new.

Old methods that target something relatively new such as cryptocurrencies, and completely shift the whole thing into the digital age - which just means that anyone can be a target, whether using a PC, smartphone or smart TV. I just don't see any effective way to fight it except to learn about such things already in primary school as part of mastering basic information skills.

The human mind is pretty naive, because if you ask a person who has been deceived in this way why they agreed to something like that, the answer will mostly be in the sense of something like "the thing seemed legal because it was on the internet", which as a tool is very powerful, but also very dangerous, and unfortunately is taken for granted by most so it becomes a paradise for the whole army of people who have no scruples and who are ready to deceive anyone, even if it was one who will be left without everything he has.

That their big regrets for sure.
What OP had said isn't new to us, people are aware of this kind of scheme, however, many were still remain ignorant because of money. That is really disappointing to see that still be scammed despite the awareness we brought to the community. if we could see a 400% profit, that is really enticing but wondering what will be the outcomes.

As the number of scammers keeps growing, we should be careful in dealing with someone, especially to strangers. It is a need to make thorough research before investing.

No and even as a newbie if you would think about it thoroughly you would know that it is a scam,
400% profit in just a short term? How would that even be possible and how would they pull it off?
Just thinking about it is insane already would you believe in such promise ?
The only reason why people fall for it is due to their greediness and lack of knowledge.

it is an old scam trick, but unfortunately, it works very well and a lot of people are being deceived. the first time I got into bitcoin was because of that promotion, but thank goodness I didn't join them.

Many people are still falling victim to fake promise that is coming from fake people on social media.many of them don't have any idea on bitcoin but they will send you some fake message that they can make you a billion within a month. If only you can forward your personal address.
Many people have open eye now which is very easy for them to identify scammer or know when and where they are about to operate. Research has really helped so many people to be very careful with some of the Bitcoin cheater in the forum.

The good thing is awareness are spreading and those who first failed to follow those fakes giveaways and promises are now learning the proper ways inside crypto/bitcoin. It's good since there are many people now that also concern with others, sharing information and guides in order to avoid being victimized by scammers and hackers.

Scammers and cheaters are everywhere when mobile phone was introduced people didn't get used to it, when gradually many of them started to use it at that time some fraudsters use to send messages like congratulations you have won 100000$ to claim this reward kindly send you so and so address and account number. The same technique is been used here that's it, My point here is as technology gets wider fake people too expand their skills, it's we who always need to be careful.

Scammers are everywhere and they are just waiting for naive individual to take their bait.
But would appreciate if the OP will give the links that he encountered offering such terms.
So we can report it to google and let google take it down to avoid other people from falling the trap.
There is no free money nowadays and too-good-to-be true ROIs. Ask yourself, where will they get the money to pay you?

There are still many of these kind of scheme, if we're easy to deceive we will think they are really real and might have chance to steal, scam and even our information. It's good to be reminded every now and then that are many who thinks  crypto is easy to steal so we will took care and keep it safe. It's for newbies as well those who want a easy money that will keep on joining in projects or programs that said to provide a good return.

We should be very careful of any form of scam around, most of those scam look sweet like bait to cart away your investment, let's not for no reason reveal our private key to any one for the sake of earnings, there are many investors that have made this cryptocurrency as a Ponzi scheme,let's beware, they will definitely not want to lose for you to gain, therefore if it's not favouring them, they will rather cart away all funds.

As long as there are victims of scam, this thing would seem to be unending. There are already many cases in that board proving there are different schemes resulting to scam. Scammers are taking advantage of the lack of knowledge of the "new" ones. Offers will be tempting and to quite relate it to the situation at this moment, people are more likely fell for it due to frustrations. The best thing to do in order to not be a victim is to not be afraid to ask those which you think are knowledgeable with what you are pushing yourself with. People do choose not to because they are either shy or times which are greedy of not sharing the opportunity with other people.

Many people started to become interested in cryptocurrencies that is why the number of scammers also increased. They think of it as the best opportunity to victimize those people who are starting to get interested in bitcoin. Scammers can't only be found on social media but also some of them created a networking business platform that has the name of a cryptocurrency to attract more people when it comes to investing on their site. I'm also concern with those people who doesn't have enough knowledge to find out if it is a scam or not.

The pandemic urge people to find a source of income for them to survive on the current crisis and this one grabbed by those scammers since there are so many newbies are been much hyped to the possible profit what Bitcoin can give to them that's why we see so many forex trader/Bitcoin trade front use to fool newbies. I see so many scam victims by this scheme and maybe it's best for the other to learn a valuable lesson to those people who got victimized by online schemes.

As our whole lives are heading towards online world it's kind of natural that scamers have found their new niche and opportunities to scam people in even bigger range than before.
Pandemic is also very convenient where people fall for different fake news or false medicine or vaccine. It's ideal time for scamers and as the only way I see to protect people is education and raising awareness of dangers in virtual world.

Scammer discover ways in scamming people and we need everyone to share their tactics about that so we are aware and we can share to other people and the priority is the newbie because their is primary target is them because the knowldge is not enough and easy for them to trust because they did not know all the happenings here in crypto or the online world so we need to be careful.

Avoid investing your bitcoin in such kind of unbelievable investment return. Don't be greedy so that you will not fall on their magnetic strategy. Much better to do trading or hold your bitcoin for safety of your funds. 

Many people are easily affected by investments that provide substantial returns in a very short time, for example investment plans with a return of 400% in one or two months. Logically, the benefits offered do not make any sense, but why our people looks easy for believing with scammer planning. When have been scam really how their investment is not logically with profitable giving, every time I see on television many people got scam with investment by giving higher reward profit return. Now we have stop with some one try to promote project like this and give much way for new investor to know which one good investment or not.

This isnt something new yet this market had been flooded out by lots of it in the past or even up to this present where there are still websites and schemes that do really exist
for the purpose of getting someones funds by scamming them or running away.Thing here is that there are still people whom do continue on feeding up these fools and thats
why they are really that motivated to continue because they do know that theres someone who would really stash out some money. Everything beyond those too good
to be true interest or profit offers into those levels then its better to start out to doubt that you are dealing with some scam so that you would able to avoid it.

This might belong better in the scam accusations thread ( or posting a link to this thread there might be a good idea as well). With that said..thank you for sharing with us.  There's so many scams out there praying on the uninformed, it's really sad.  I've come across these scams before as well. It's crazy how simple and obvious many of them seem, but a lot of people fall for them so it's important to expose them.

The common mistakes that people do always commit is believing that there are such ways of acquiring easy money and there is a fast money return for an investment made with a large possibility of gaining big interest which is totally a very impossible thing to exist that is very clear to be a scam scheme making people be fooled around being lured with such promises that will never make happen for how come it will be possible to pull out such great interest rate just by spending a handful of money and turn it into a big one? Even businesses won't make that possible.

There are really lots of ways on how other people can cheat on Bitcoin and those are really wise people taking advantage of other people's weakness and turn those into their favor so better do learn that easy and quick money return is impossible. Better know and classify what is real and what is fantasy to avoid being caught into scam schemes.

How the fuck is this 'new'. This is just cheating people who are too dumb to protect their own money, an act that has been around for probably 10,000 years.

In crypto, I am always careful.  Do not provide personal information, remember! Bitcoin has no physical, read every information, stay away from ponzi schemes, stay away from phishing.  there are ways to avoid the scams that I did.  and I also have a bitcoin community, and we always share information about the development of the crypto world.

This is not a new way to scam people, this has been done even before. Scammers always promise to give you more than what you expect where it is really impossible. They promise to make your money grow after a few days or week. But there are still more people falling under this trick even after sending them a lot of reminders.

This Proves that BullMarket is near to come because scammers and hackers are now at large again.

They will do anything to go with the flow as people starts being greedy at this point when they are looking for another tons of profit like what 2017 brings.

and this is How this scammers manipulate our mind and starts Singing with Best melody to lure us.

---

But only fool will believe in that 400% income lol,Unless you are Noob and knows nothing about crypto but to make easy money.

Well, this scheme is not new to me though. I've seen a lot of the same cases even the time I was new to everything, and fortunately I never been fall into it. Perhaps, through the help of my friends who have more experience and knowledge always advise me to avoid this kind of scheme. Besides, sometimes you can tell if the service was a scam or not through their promises just like what OPs mentioned. It's kinda suspicious to get a 400% amount of profit within the short term. No one will probably fall into this scheme I hope, but I worrying for those individuals who are about to enter this industry though.

All investment offers that offer unrealistic profits are immediately avoided, as this is likely to be a scams. For me 400% short-term
profit is so unrealistic, this method is most often used by scammers. Because many people want to get profit in the short term,
so scammers only take advantage of these people's greed. Be careful not to easily trust your Bitcoin to other people. If you want to
profit from investing in Bitcoin, can do your own analysis, it's much safer to do.

Not a new way to scam people. Taking advantage of peoples greed has been one of the prime way to scam people. I still don't get it. How come people still fall for scams like this? How do they expect that they will get "400% return" within a short period of time? I know there are people who knows it is a scam but still gives it a shot in order to see if they get lucky (which they shouldn't since all they are doing is giving scammers a hope), but then there are people who actually thinks it is real. They deserve to get scammed for their stupidity. Being a bit harsh over here, but at least they will learn a lesson and be more careful next time!

How would you believe anyone that’s promising you 400% within a short term? Even bigger investment platforms that has been running for years can’t pay that much, so how will someone else or a random platform that’s not well known promise you a 400% return and you believe them? Without being told, I will already know that it’s a scam.

Meehn, it’s not today that they started spreading. No matter how much awareness is being spread, people will still be falling for scam. It’s not everyone that’s a geek or good at all these things, so when they are still new and don’t know what’s happening, they will be falling for all these things.

Those kinds of promotion have a goal which is to deceive those people who are not financially literate. Of course there are many people who do not have financial education and they will easily become interested on this kind of project especially if they have a mindset of quick rich where they want their money to double or even triple in just short period of time. I think it can easily avoided through gaining knowledge and experiences, a right mindset can also be the key for us to not believe and have a good decision. Scammers are becoming smart in these past years and sadly, there are a lot of people who are being scammed. But I think they have also a fault because they did not invested to their knowledge first before putting their money on that kind of investment.

Have someone to learn but too sad that they will need to suffer such a thing before they realized how stupid they thinking about quick-rich investment. May this is somewhat in common but the problem is that people are still naive to listen to what others have said. Either believe me but we can't deny and surely scamming is a way to be normal and therefore, we consider this as a part of our life. Saving ourselves is so easy but that different to save others especially when they live in greediness.

This is not new in this crypto industry. that is what they called HYIP, wherein they promise for a short period of time your investment might be triple,  there are a lot of people in this world that are not aware what is the real trading in cryptocurrency is, so they are being fall into wrong places, and they will share it to other people and it will. result to stereotyping, the moment they will hear that someone talks about bitcoin and other stuffs they will think that oh this one is fake don't believe it.

I think crypto investors need to be extra careful because scammers are devising new ways to prey on unsuspecting people. I nearly fell for one myself to a scam mining platform called  "Cryptomining",  many people ended up losing their hard earned funds but i was lucky i had already gained from investment before they ran.

it doesn't matter whether this is a new trick or not, the important thing is we have to remind each other...
Fraudsters using Ponzi scheme tricks will never stop even if they are under police custody. it is their character and their work. we have to be always tell about the possibility of new tricks they use because maybe many don't know the concept of that scammers.

I really agreed with you because people get people through scam based on personal needs or want, while many people are trapped into scam, it's because them really wants to multiply their coins which pushed people into investment platform's that leads them to lost their coins, scammers use want we are interested to get us, so therefore we have to observe carefully before adventuring into investment because scammers investment platform are multiple, most especially beginners have to take an adequate care for bitcoin investment.

It is a ponzi scheme for sure and there are plenty of victims here in our country to this kind of scheme as most of the people
here in our country are very greedy, they like to generate some huge amount of money without doing anything that is why they are
risking their money to this kind of scheme that promises a good amount of profit in monthly basis.

And now, they are crying as their hard earned money can't be find already as the founder are now in other country evading the multiple
cases that were filled to them. If you are a wise investors, don't be greedy and be fooled to this kind of promises.

I agree that this is not new at all, I get offers like that all the time, what we need to know is that such thing is impossible, a scammer can lie all what he wants about the profits that are possible in order to try to attract people to their scam and unfortunately even if most members of the forum can see through this enough people fall on these kind of scams to justify scammers keep doing this over and over again and as we know once people fall for this there is no way to get their coins back due to the nature of cryptocurrencies.

Most people are not careful enough because when you lose your money with fiat in this way there is always a chance to recover it but this is not possible with cryptocurrencies which is why we should be even more careful about who we trust and not give our money away to random people on the Internet just because they ask nicely for it.

 I agree, raising awareness is the key to avoid being scammed. You wouldn't want all your coins to just disappear in an instance, lets all be observant and speculate first what these scammers are using to lure us.

Even if someone is not careful but I think that such scam mode would be very easy to ignore. When someone doesn't understand what bitcoin is, then why expect to be rich from bitcoin so that social network scams targeting random users are at least easy to avoid. Indeed, with someone's ignorance or innocence such a scam is still worrying, but if asked to buy several packages at a high price, I will once again say what someone is buying for a package that is not even clearly understood its purpose.

Scammers are wise and they can evolved from time to time, they are just around and waiting for another blast, investors needs to
be more careful and not allow themselves without proper knowledge, keep yourself updated and not to stop studying how you can
always prevent any possible attempt of every scammers.

400% short term profit! Who will believe that? ( even newbies should be skeptical about such offer) i just think anyone who believe in such offer is either too greedy regardless of if they are newbies or not, it is no longer news scammers uses this method and many more other ways to conquer their prey,
Anyone too desperate to make huge profit in a short possible time and fall in the grips of scammers like this will only have themselves to blame, I hope everyone stay alert and watch out for unusual offers.

Are there still any people really fall for this kind of cheap tricks? It is obvious that it is scam. There is no way you can guarantee such thing with Bitcoin or any currency in such short time or any time. I hope there won't be any people who believe these frauds.

too good to be true.
400% profit in a short period of time, in the middle of a market that is moving slowly and full of surprises, that looks like a sweet promise. Ordinary people who just know about bitcoin can be hooked, especially those who want instant profit.
We have to educate that all things related to crypto have a high risk, anything can happen, so don't just rely on luck and other people's suggestions.
we must be aware and understand what we are investing in.

If somehow they found 3X-4X-10X methods for earnings, nobody shares it. It shows they are scammers. Because free cheese would be in the mousetrap.

Yes, there are. People who doesn't have experience with this most likely will fall into this trap hole. I have seen a scam channel on Twitch which exactly does the same thing like what OP mentioned and the scammer took away $2.4K in just a hour from poor people. This is so sad actually.

Well, most of the inexperienced people probably don't even know what that is without enlightening them.

Nowadays Scammers are wise which this is not a new thing. They can evolved from time to time, they are just around every corner waiting for innocent people to victimized. Thats why investors needs to be more careful and do not allow yourselves to take action with what you saw without proper knowledge to avoid being scammed.

This similar scammers often comes to my DM on Telegram, they fake thier display picture, name and countries, i do block them as soon as i noticed.

I hope everyone will be smart in dealing with crypto investment.

The golden rule is, never invest in a project that offers an instant and big return as 99% they are scams.
Regardless of the name of the project, the people behind it, as long as they offer a too good to be true return, better stay away with it.

The first time investors will always be the one falls for those promising investment since many will think about how good the platform is since they can get paid until the promised time frame unto them. I believe this one will never end since there are so many newbies joining the scene and that's the target of the scammers.

Wow. 400% seem to be impossible even in other kinds of investment. Who will be bait by this scam? It is obviouslynwants us to fall in their hands and grab our wallet. It is quite fool for people that will invest to them, only ignorants and greeds will fall to their modus. As of now, we must be careful when we trust someone specially in online world, there are many people here that only utter flowering words but they just get your trust and grab the opportunity to steal your funds.

Scammers are very talented and so many ideas and techniques on how to cheat. Not only fiat but also bitcoin and other digital currency is very attractive to them and cheat people. Yeah, we need to be careful.

the first or the early investors are also going to earn if their invested asset or program are going to start paying at first and if these investors are not greedy and they only want to earn sufficient income , they can get out on time and avoid being scammed while the late joiners are going to be the offering or the sacrifice for the early investors luck . first time time joiners can also gave a warning to others that are not yet part of the program  . first or early joiners do also have a purpose and they dont only get the benefit all of the time .

Anything promising over 400% for a very short period of time is just a gambling and you can lose your holding within a short period of time. I have engaged in this in the past and I regretted it.

When talking to bitcoin, many people will believe how bitcoin can provide a sizeable profit, this basis provides an opening for fraudsters how to use bitcoin as their investment, even though it is clear that bitcoin has never promised a profit of up to 100%. Many people believe when scammer using bitcoin as payment currency for their investment but do not know how the scammer project is working, by giving promise profit more than 30% from their money they will trust and keep investing there without check how bitcoin could give them profit just holding, I found many message try to give me profit with higher percent if invest on their project but I never trust any more because know how is bitcoin working and get profit.

I guess what they are trying to do is create a fixed way of how people earn money at first but will cheat them at the end since gaining money from nowhere really seems like impossible. Money within the Cryptocurrency Industry is not created instantly and things take time. If what they are doing is scrutinize, people will see what is happening wrong since it will be most likely a scam and people should think twice before considering it.

These are the most common ways that pyramiding scams are doing to get money from people. Of course, a scam will not work if they don't have any proof of payment so people will believe them. But as long as we spot these patterns of earning money through invites, or through people putting their own money for your sake, leave the scam behind and report it. Another thing is when they are promising big gains that are too good to be true, that's a red flag already.

On the other hand, it is also true that money in crypto could be easily earned, but there are no legit projects that front the phrase "You will earn big here" or anything related to that. They are backed with actions not by these words so be careful.

Telegram is really the best opportunity for the scammers to scam someone because they can fake their account and still use it after they scam someone. In facebook, they cannot easily use it because it can have a cookie and get linked into their real facebook account and even if it doesn't get linked, they can get banned with a mass report. Facebook is really a secured site so we can rely on it but the other that has no security can use by the scammers as a scam tool.

We really have to be careful and don't be easily tempted, what I just found now is a fraud mode that claims to be a mining pool company, invites many people to invest, then within 5 days we will get 25% profit,
it doesn't make sense, isn't it ?
but they have proof of "a valid transaction.

If everyone on here comes across something like this then throw it out as I'm sure it's a ponzi scheme

This is really disgusting. Scammers will never stop doing their evil deeds. Few months ago, my cousin had been victimized by these bitcoin scammers. She is just new in Crypto world and didn't even tell anyone about the bitcoin investment that she wanted to try. She loses 500USD before she realized its a scam. I felt sorry for her that she easily believes those too good to be true offers. We really need to be careful and don't ever trust anyone so easily to avoid this scammers.

I can't imagine how people are cheated this way. You must be very inexperienced to believe in a possibility to get 400% profit in a short term. Bitcoin isn't so volatile.

I also faced such a deception.  But for a while I was spared huge losses.  It so happened that one day someone added me to a group.  And this group was Binans signal channel.  From there I was messaged whether I would be added to their VIP group.  They were showing me various alluring screenshots.  The screenshots were like 300℅ to 500℅ profit in a week.  And they said that every one of their signals would be successful.  And their VIP group entry fee was 6,000$.  I almost agreed too.  Suddenly I thought how could I catch them if they cheated on me.  With this in mind, I no longer fell into their trap.  So everyone beware of these fraudsters.

Is that so?  :o  :o  :o
I did not know. Please let me know if there is any new way. I don’t want to be involved in any cheating.

What do you mean in a new way? I don't find anything new here. Maybe you are scammed in a way that you can't tell us properly. In social media, it is easy to do anything. There are so many new people whom we meet every day on social media. So we need to be careful to use those platform.

Anything that promises huge return is a red flag. Scammers roam around social media sites and crypto communities trying to lure newbies by offering huge investment returns in a short period. Take note that any investment is risky and will take time before you can earn.  This is not even a new scheme in social media, this had been going on since crypto started. Always be informed and educate your self to avoid being a victim.

I hope that with every year there are less and less people who really believe in 400% profit

I would not trust people who are interested in my money at all! ;)
Especially if these people want to make me rich! ;D
Nobody will ever give away their secrets of success, and then suddenly someone wants to share it... This is at least strange, and makes you think about scam!

I understand that you may be new to this forum but please read the forum rules and guidelines:
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ (https://bitcointalk.org/index.php?topic=703657.0)

Just wondering if it's an upgrade of the recent Twitter hack. Like "send somebody 1BTC and get 4BTC in a week".

That ad promotion was not really true even if you target 100% it's impossible for you to get that.
Well I suggest that you should invest to something like this because it's really impossible to earn 100%+ in just a short term.
Unless the Bitcoin's price double or triple up in short term which has a very small chance to happen.

Any projects that promise huge interest rates in a short time are a pyramid scheme, fraud. Therefore, I recommend investing in top cryptocurrencies and just hold

It is  awful news is the more individuals being hoodwinked, the more infamous bitcoin is. In my nation, individuals who don't have information of bitcoin or cryptocurrency will claim that bitcoin may be a trick and sooner or afterward, it'll be crushed. And in the event that you're caught utilizing bitcoin, being captured can be a result. Since of those fakes, the government has chosen to halt any commerce related to bitcoin and cryptocurrency. And they would not resolve any issue with losing cash whereas contributing crypto. This can be completely unknowledgeable and we might not do anything at all to revise the market situation.

We should be careful now like todays because bitcoin rising they do a lot of ways to scam people so once we see their ways better to warn each other also the newbie is our priority for this because they are prone to scam because their knowledge is not enough to know what is legit or scam investment or the project.

Scammer always do new technique because their old ways is already not working so they doing that and I hope they failed of what they are doing.

That's a classic HYIP scheme, scammers are always looking for different ways to catch their bait.

I have not come across this new method you are talking about but I think one just need to be cautious about the site you enter into and where you enter your information because many scammer are on look out for dummies they can get rid off

I fell for many Ponzi schemes years ago, I was able to stand up again because the money I invested was very little then, I never had anyone to guide me through crypto world, I took all risks myself because I got no choice but to find a new way to make a living, now I can easily smell any Ponzi schemes far away, any project that promise you huge percentage of returns is scam, they will exit scam on you one day, that's a certainty

It isn't really new at all those kind of scam has been circulating for so long.
I think we could say that it is a HYIP or Pyramid scheme the best way to avoid being scammed is by checking it,
If the deal is too good to be true then it is a scam and you should be aware of it.

There are so many bitcoin scams similar to this one online on a lot of social media platforms and I think this scam is already common.

Here in my country, there are so many scammers that offer this kind of investment where you could invest your money or investment to them and then in the end they will disappear with your investment.

Especially at this moment where bitcoin is on hype since it surpasses the ATH, a lot of scammers is surely gonna be a lot more active, For your when doing investment everyone is just gonna suggest to do it on your own, invest by your self and do a lot of research before investing.

In the limitations of BTC,  scamming is one of the enormous limitations of BTC. Authority should take a more powerful step to stop this. But scammers are updating their approach to scamming. So people have to know about their work and they should take more security when they buy and sell BTC.

This is to be expected considering bitcoin just reaching the 20k mark. A lot of scammers will try to take advantage of weak-minded people who wanna get in to the cryptocurrency market. Now these scammers are as anonymous aa can be, so we can't really know for sure which of them is which, so it is our obligation to ourselves to ensure that we don't get victimized by these scammers. It is too far to be an impacting limitation as it doesn't correlate to bitcoin that much. Authorities will do steps to apprehend these criminals if they can which they cannot by the way, and so we should take it upon ourselves to keep our investments safe.

There are just too many of them lately. On telegram, they send you a dm, start conversating like usual and then stories. If you really want to be cautious about these people, do not converse or believe total strangers you meet online, and always know that there is no easy way to make money!

When bitcoin price increases there are a lot of scammers are invented to this time. Most of the people never believed themselves and always follow other and want to rich without hard work. Some scammer takes this opportunity to give offer this type of people.So be carefully  take any decision  from your mind and want to know  anything post this forum hope you will be benefited

Well, in short advice -- never invest your bitcoin into the ^[HYIP]. Most commonly this kind of investment program will always end up as a scam, they promised people to double their profit in just a short period of time, but in the end, they will disappear like a bubble in the air after they will have a massive amount of money on their pocket. This is not new, even though in fiat there is a scam like this, and I did not surprise that also may happen to bitcoin since it is very easy to have a transaction on bitcoin. All we have to do is be careful and avoid such kind of investment.

Thank you for this information.
400% profit! Short tearm. You need to think how can it possible? If you tell me that you give me 100% profit i don't invest. I tell you are cheater.

Some of them trying to look like or acting that they do not have a bad intention asking questions about trading investing, as if you are an expert and they are newbies, then they end up recommending sites that they claimed paid them huge money, I have encounters a lot of this I lose count of them I just block all of them, just a waste of time talking to these people.

https://i.imgur.com/ubYu9Ja.jpg
This is what comes into my mind when they contact me, lol.
Anyways, we just have to be alert, and agile, And you won't fall for their scam.

Aside from being greedy, anyone who trades or know what's involved in trading won't even dare to invest or agree to this kind of offers. However these are simply offers to lure the greedy. You won't even get your capital back talkless of profit. Be careful.

I know people are very different but seriously who will even pay attention to such adverts let alone act upon them, there are some certain things that don't require to be told, just apply common sense,
Stay away from all messages that you have no contact with, it is that simple.

Thanks for letting us know, By the way, it's not a new thing.
Nowadays scammers are using multiple ways to steal your money and utilizing bitcoins is one of them.
We're entering the market where Ponzi schemes are ready to make us fool. You must be dynamic and brilliant enough to confront them.

I never include my asset to an obscure organization until I get some reviews.
On the off chance that somebody is offering a huge advantage in a low sum, it's surely a trick. Nothing is beneficial in this generation

Omg I can’t believe I’m still hearing these and it’s really annoying that people still fall for these old tricks. As bitcoin enthusiasts it’s important we continually read about Cryptocurrency in different websites in so doing we are going to be more exposed and aware about the activities of scammers and their formation. People as desperate go become rich over night and these has been used as a tool to lure them into fake Crypto platform.
And they are blame it on bitcoin.

The ponzi scheme will take the opportunity to enter fake investment mode at all costs to profit through fraud, and take the opportunity when the bitcoin price goes up.
and this is where intelligence really comes into play so that you are not easily fooled or tempted by big profits at very low fees, and cases like that often occur in the crypto world so you have to be careful and not easily believe.

If you stupid enough to believe that then you deserve to lose every single cent. I won't feel sorry for idiots. If they stopped falling for stuff then scammers would die out. People who fall for this are just as bad as the scammers themselves. It's unbelievable what some people will believe.

It is a pity, but the reality is so that where the opportunity to get profit the frauds appear always. The only monent that can prevent you from this is the experience, mindfulness and cold mind. And of course lots of newbies are the first who can be caught on such ponzi schemes because of the lack of experience. Good that you shared about it in your post. May be at least some part of potential victims will pay attention to this situation. And one more thing that can be the reason why such ponzi schemes work - the greed, very often people emotionally believe that they got a great chance to get rapidly such high profit, that they are mote lucky than others.

Definitely agree with this. I couldn't said it better my self.
Hype and FOMO makes people do stupid things and make rash decisions.
A fertile ground for scams

Why would need for some proofs or accurate informations? if you do know that they are scams in the first place?

If you do let yourself fall into those too good to be true offers and you do let yourself get controlled by your greed then expect with these kind of results where you do lost up money because of being scammed.

Everyday there is a new way of scamming that hadnt been known.Scammers becomes more wiser and intelligent when it comes on making new ways of scamming thats why its important
that you should put up in mind that everything do sounds to good to be true then its most likely a scam.

If you give someone your money who tells you they will make 4x it then it's difficult to feel sorry for you and you deserved it. There, is stupid.... and there, is stupid....
Not really worth making a post about this we all know. It would have been better if you found at least some scams that try to be "clever" and warn us of those.

Very true! Strangers from cyberspace are not giving you an opportunity but it is the other way around.
If they can rekt you, they will. Because they can't be held accountable because they are anonymous.
How can you track a faceless person? So if someone is offering you a too-good-to-be-true ROI, doubt about it.
But guess what? A lot are still falling from this obvious trap, because most of them are hoping to get rich quick.
Remember, there is no free money and you do need to work hard to get real profits.
Those misleading promises from scammers are always there because they want to catch more gullible people that they can extract money from.