Print Page - NEVER BE IN A HURRY

earlier 2013 when I first heard about Bitcoin I found it interesting because I have a friend who have ideas and love to engage himself on anything about crypto so any time I any around him, he always talks about Bitcoin how he buy and sell online and also makes profit and I'm the kind of person that like anything that will fetch me money so I decided to give a try, he showed me some app to download where I can safe my coins and also told me what to avoid in other not to loss my coins, so I but some amount of Bitcoin from him. I continue making research, joining into crypto groups on social media such as telegram, Facebook and Instagram, after a week or so a message just pop up on my Instagram asking me if I have BTC for sell, what is my rate and how do I receive payment and I really yes I have BTC for sell and I receive payment through PayPal, but I can't trade with you because I don't trust, he replied and said he don't trust me either that there is a group in telegram where trading is safer with the use of Escrow, he sent me the link and his name on telegram and also request for my name too, I join the telegram group and we located each other on the group so he started asking how many BTC do I have for sell and that he is going to buy at good rate while he was busy asking questions I was busy going through the members in the group if I will see anyone I know but has God may do it I say a friend in the members group but he was not online but I called him on phone, I told him the reason of me calling him and he said never you try to do any transaction on the group they are all scammers that immediately I send my BTC to the escrow wallet address and it was confirmed Successful I will be automatically block and cleared from the group that he was once a victim but he use another number to join in other to safe person not to be a victim by chatting them privately and also finding prove on how to report the group.
That is how I escaped from being scammed.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

earlier 2013 when I first heard about Bitcoin I found it interesting because I have a friend who have ideas and love to engage himself on anything about crypto so any time I any around him, he always talks about Bitcoin how he buy and sells online and also makes profit and I'm the kind of person that like anything that will fetch me money so I decided to give a try, he showed me some app to download where I can safe my coins and also told me what to avoid in other not to lose my coins, so I but some amount of Bitcoin from him. I continue making research, joining into crypto groups on social media such as telegram, Facebook and Instagram, after a week or so a message just pop up on my Instagram asking me if I have BTC for sell, what is my rate and how do I receive payment and I really yes I have BTC for sell and I receive payment through PayPal, but I can't trade with you because I don't trust, he replied and said he don't trust me either that there is a group in telegram where trading is safer with the use of Escrow, he sent me the link and his name on telegram and also request for my name too, I join the telegram group and we located each other on the group so he started asking how many BTC do I have for sell and that he is going to buy at good rate while he was busy asking questions I was busy going through the members in the group if I will see anyone I know but has God may do it I say a friend in the members group but he was not online but I called him on phone, I told him the reason of me calling him and he said never you try to do any transaction on the group they are all scammers that immediately I send my BTC to the escrow wallet address and it was confirmed Successful I will be automatically block and cleared from the group that he was once a victim but he use another number to join in other to safe person not to be a victim by chatting them privately and also finding prove on how to report the group.
That is how I escaped from being scammed.

Your story is too long and it takes my time to read I don't know it's true or not but I think you are saved by the bell and one of your friends tells you that all of the members of that group are scammers.
And the lesson we learn is that we must not trust immediately on what we saw or encounter on the Internet cause nowadays many scammers want to ruin many lives.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

I continue making research, joining into crypto groups on social media such as telegram, Facebook and Instagram,

This has always been a terrible idea that leads to being scammed. And not just the scam you explained where they fool you into a bad trade where they rob you but I'm talking about misinformation and pump and dump groups. You join these groups to "learn" more, possibly involving how and what to trade and end up receiving a lot of wrong information that they are giving you to benefit themselves. For example they advertise a shitcoin that they want to dump because they want YOU to buy it from them.

One thing we all need to learn on the internet, and this is not limited to bitcoin, is to learn where to get our information from and whether that information is reliable. Social media is definitely not the right place for it.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

Did you by any chance have a triple espresso before writing this? There's a thing called periods and paragraphs.

As for what you say, you are partly right that one should not be in a hurry in investment matters, and, in fact, many scams get the sucker in a hurry by making him believe that he is going to lose a great opportunity.

Other than that, I agree with the others about staying away from social media platforms when it comes to crypto investments.

Op, you have to peruse and penetrate into a site before you start any transactions with them, because scammers have generate different means of getting client from social media, all this you narrated doesn't happen only in telegram, it also take place in Facebook social media.

The only thing i should let you understand is that, it's preferable and encourageable to hold a coin for long time duration than investing on puzzi scheme platform that is made of scammers, secondly if you want sell to your coins, go directly to a pronounced exchange like binance to sell your coins than selling to a group that you don't know their taproot of exchanges, i think you have to be curious and smart before you adventure into hands of scammers.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

Firstly, someone you don't know sent you a message and you reply without asking how he got to have your contact or blocking such user, am just happy for you that the scammer get bursted first before he gets you hunted, next time you have to be careful of spamming related chats as they are part of the route to hacking account, lucky you.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

A great lesson was taught by your experience. There is no need to ever be in a hurry. There is a popular saying "No hurry in life" which should always guide our actions in life. We all need to be patient with growing and making profit in bitcoin coz the journey of a thousand miles do and always start with a step. We also need to be careful with any transaction that is done on via internet since we don't have concrete information about the information of people we meet their. I think we should vigilant and thread with caution.

Honestly, the telegram group is having a huge number of scammers, talking to anyone from the group is not good, especially when talking about trading and money. And that if someone unknown person sends a message for you with that as the intention is obviously to scam.

It was needed for us to be more vigilant about what we are doing and those people we talk to. We can escape from being scammed if we are too careful as well and certainly, not to easily trust people online unless you both have a history of successful transactions. It is a need for us to widen our awareness and we only have to use legit exchanges if possible.

Quote from: isaac_clarke22 on February 24, 2022, 03:48:45 AM

so that they can "tothemoon"x my money.

What's the meaning of that in quote. It's my first seeing or learning of that. Would you mind explaining? I tried Google but couldn't find the meaning.

Quote

@OP, I always steer clear of social media platforms when it comes to crypto.

That would be a wrong profiling of social media platforms. Don't get me wrong, scams abound online but we still have nice and honest platforms. I've come across both parts – honest ones and scam ones. We all just have to be extremely careful, anyway. Spend sometime being in the background and monitor activities in the platform before making comments. That way, you would've garnered something to fall back on and then make your informed decision based on that.

Quote from: uchegod-21 on February 24, 2022, 07:25:49 PM

Your story is true, I was a victim of this. What they do is to create a telegram group and all the scammers will be very active, showing false testimonies and prove of transactions.

Most times these scammers get their victims because of greed or the victims are in a hurry to cross-check stuff. Someone once told me he had sent me the Bitcoin I paid for ($300 worth) but it didn't reflect in my wallet at the time he said he sent it. I told him to wait for me to confirm. A few minutes later he sent me a screenshot of the transaction with it showing over 9 confirmations. I wasn't moved. I told him to send me the TX id (that's very important before you release cash).

He grindingly sent it. But it was a completely different TX id. My wallet address wasn't in it. Dude insisted that it was there by showing it on the screenshot. 😆. I refused to listen to him. Finally, I discovered that the screenshot was doctored as the scammer later owned up that he never sent anything at all.

Note to OP: find a way of using paragraphing so your write-ups don't becoming boring and tiring to read.

Basically, based on the story from the OP, we shouldn't be easy to believe and be tempted by attractive offers that people give because it could be an indication of a scam. We are that responsible for the assets that we have so we must be careful especially when it comes to transactions because scammers are now smarter and more sophisticated so we must be vigilant, search and research first whether it is safe or not if indeed we are going to do trading or something else because whatever we do will have an impact on the assets that we have.

Quote from: uchegod-21 on February 24, 2022, 07:25:49 PM

Your story is true, I was a victim of this. What they do is to create a telegram group and all the scammers will be very active, showing false testimonies and prove of transactions. Even if you go pm, you will likely meet them there. The best thing is to avoid them totally.
They fake it to be so real that you will believe that they are real. Though I think that scam tactics is outdated. If you want to trade, trade with only people you know and trust, otherwise use reputable exchanges.

These telegram scams are not new and they will make some big promises to you in hope of finding some victims from that group and you are right on the part that best is to ignore them or don't even join them to avoid getting scammed from them.There are many people who will also shows you some proof of the transactions and later on it's all scam so be prepared for it.

Quote from: Mpamaegbu on February 27, 2022, 05:44:04 PM

Quote from: isaac_clarke22 on February 24, 2022, 03:48:45 AM

so that they can "tothemoon"x my money.

What's the meaning of that in quote. It's my first seeing or learning of that. Would you mind explaining? I tried Google but couldn't find the meaning.

"to the moon" is like a bullish slang used to express a bullish sentiment. "Doge to the moon" that sort of thing signifies that the price of doge is increasing rapidly and the only way its going is up (the moon is in the sky) reaching for the moon.

Quote from: Mpamaegbu on February 27, 2022, 05:44:04 PM

I steer away from accounts on social media platforms that masquerade themselves as crypto traders, analysts or financial advisors. They are all scams in my book. There might be a few real in the ocean, not every trader on social media is a scammer. Looking for the right fish in the pond could have you swimming in the mud. e

Quote from: Ripe_berry on February 24, 2022, 06:30:14 PM

A great lesson was taught by your experience. There is no need to ever be in a hurry.

It sounds to me that OP was just lucky. He found a familiar name among the group members, decided to contact him/her and ask about their experience with the group, and he received the needed information and warning. Had he not found his friend there, my guess is that he would have been scammed and we would be reading a different title in his thread.

OP you did many things wrong.
First of all, you don't reply to people contacting you over Telegram or other social media asking about investment and having crypto-related inquiries. You don't go around joining investment groups you know nothing about because they are scamming groups in search for easy prey. Bitcoin is a sought after digital asset. You can sell it anytime you want through normal routes without talking with self-proclaimed "trading experts" over various social media.

Quote from: Magicalking on February 28, 2022, 07:30:31 AM

Quote from: isaac_clarke22 on February 24, 2022, 03:48:45 AM

so that they can "tothemoon"x my money.

"to the moon" is like a bullish slang used to express a bullish sentiment.

But of course, I knew that expression. I was thinking that the way you used it, "tothemoon"x with all the letter together and an "x" added had a different application. In 2017-2018, the popular one then was "when lambo". It's the same thing as trying to find out when a token would moon so that people would cash out and buy a Lamborghini.

Quote from: Pmalek on February 28, 2022, 08:06:15 AM

OP you did many things wrong.
First of all, you don't reply to people contacting you over Telegram or other social media asking about investment and having crypto-related inquiries.

For me, I don't take chances. I blocked them instantly on telegram. I did that to every account that contacted me first until they in retaliation reported me and then telegram restricted me from sending anyone pm or posting on certain telegram groups. I don't know what flimsy excuses they made available to telegram. Telegram is a funny place, honestly. This day, I don't report anyone again. I simply ignore or delete their chat.

Quote from: JangoUnchained on February 28, 2022, 05:22:20 AM

Quote from: Stalker22 on February 27, 2022, 06:00:03 PM

TLDR;

Somehow I find it hard to believe that you knew about bitcoin (even owned it) back in 2013 and you only discovered this forum a few days ago.
I am not saying it is not possible, just that I find it hard to believe.

Its not impossible, I knew Bitcoin through a Ponzi scheme called MMM we were ask to buy bitcoin and deposit it on the platform and it took me 4 years to know that this forum existed.

Oh, I see. Well, it is good you found us.

For me, this forum is my go-to place when I'm looking for information about, well, everything crypto related. There is no other online community that I would trust more than this one as the people posting here have years of experience preventing frauds and scams. This forum has been around for years and is still going strong, and that is a testament to the quality and character of the people who post on here.

Beware of ponzi schemes and take care!

Quote from: Mpamaegbu on February 27, 2022, 05:44:04 PM

My bad for not getting back into your reply that fast. I guess I might need to get a notif bot for users quoting me.
About that, maybe you had more experience than me but that could be just in my end that I always avoid crypto stuffs in social media platforms as mostly I see a lot of spam comment from fake profile or "clone" of whatever crypto page that is claiming that they're doing a giveaway that's just purely BS as they wanted you to send them 1-2 ETH for "cOnfIrmation". I appreciate the advice, by the way. Thank you for the correction. :)

That ""tothemoon"x is just my expression on how many scams claim that they're going to multiply your money.

Without even using OP's story for a case study, one has got to know that it's not always good to be in a rush over anything. Mistakes are bound to happen and even accidents too. Life ain't no formula1, even in formula1 cars and bikes gets burnt (such a scary sight).

In context of what is being discussed, setting you on a pace is one strategy scammers tends to develop on. Once your there, you hardly think of anything else other than how fast you can make your investment and start getting profits off it. Once you make your first commitment, you seem bounded by it and the next you know, your loses keep piling up.

These accounts for why you should always DYOR before making any commitment and always incest what your ready to loose.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

--snip--

This is a worthy experience, for you and also for everybody.
Scams will be always watching us, every time we are careless, we can become victims of these scammers very easily. especially if we are tempted by the various promises he promises and it's easy to believe without any crosschecks first. From the past until now, Telegram groups and various social media are very easy to be used as places of fraud. Therefore, we must be more vigilant, especially when it comes to escrow, if we don't know the escrow, it would be better if we avoid it.

Quote from: pooya87 on February 24, 2022, 04:15:55 AM

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

I continue making research, joining into crypto groups on social media such as telegram, Facebook and Instagram,

A very good point here, When the source of your information is legit, you will not fall victim to a scam.
I was once told by my mentor that anything that involves buying and selling online, do not be in a hurry to buy and do not be in a hurry to sell because it will help you to identify someone that wants to scam you.
Right now we have so many bitcoin platforms but you need the rightful information to know where you ought to invest in.

Quote from: isaac_clarke22 on March 09, 2022, 04:33:14 PM

My bad for not getting back into your reply that fast. I guess I might need to get a notif bot for users quoting me.

Well, better late than never or better sorry than never. Choose the appropriate one like we were told in high school. On a more serious note, I think you should get the forum bot notifier done by a member of this forum. I can't remember who now. Here it's in case you need it @BTTSuperNotifier_bot. Just copy and search it on your telegram, and then run it.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

I continue making research, joining into crypto groups on social media such as telegram, Facebook and Instagram, after a week or so a message just pop up on my Instagram asking me if I have BTC for sell,

Where do you get the idea to join some crypto groups in social media for the research? There are too many scammers in social media, it is too risky doing research in such place, especially you don't really understand how the scammers work. I don't say it is forbidden to join crypto groups, but don't join random crypto groups. Only join trusted crypto groups that you know well if they have a good reputation.

Regarding a message on social media accounts, kindly ignore all of the non-sense messages because most of them are just scammers. Especially the messages that contain too sweet offers about crypto, we simply can suspect them the scam messages.

Quote from: GowithMi_GMAT on February 28, 2022, 01:20:55 AM

It is important to know that social media is a storehouse of fraud. since the cryptoqurrency boom especially the value of bitcoin which has increased drastically most scamers launch their actions there and everywhere, including in this forum as well. it is important for you and everyone to be careful and don't trust easily "If someone asks about your assets in a message that looks suspicious"

Social media is only way of making scamming to easier, cryptocurrency also make other transaction related to easier enough using bitcoin, i found that fraudulent activities can not stop because of people are targeting to earn high everyday, so with the desperation of getting rich fast is making fraud not to die off, i believe that social media is what is increasing the advertisement of fraudulent activities more, for the online investor's some of them know when fraudster come to their way and they will ignore them but newbies don't know and they find it difficult to notice scam investment platforms

Quote from: dataispower on March 11, 2022, 05:41:33 AM

Quote from: GowithMi_GMAT on February 28, 2022, 01:20:55 AM

That is why we should not be too quick to believe what we read from social media and that is also my reason for using social media less.
Getting rich is just a matter of time for us depending on what we do so don't give up and keep trying and enjoy the process.
Many people want to get rich quickly by using various methods but they do not think that all the methods they use do not necessarily help them become rich.
But if we continue to focus on doing what we started while patiently trying other ways, we will get what we want later and the process won't lie to us.

Quote from: Rich222 on February 23, 2022, 01:24:37 PM

When engaging to new environment or ideology always remember to DO YOUR OWN RESEARCH, and never base your first knowledge in hearsay. Always go by the book and never go by the gossip. Your experience is the best example to always DYOR, if you haven't trust your gut you might end up like your friend. Especially in today's time, scammers are spreading fast here in the crypto community, so always be on the watch and read the whitepaper and investigate the team of your prospect project where you will invest in.

Well, what could we do when it happens in the past I myself have no idea either but for someone who wants to invest it's always a good choice to learn everything first or do some research before investing because investment is not just putting a money to grow it takes some knowledge and skills to make some profit about it.

Fear of missing out might be one of the reason why you choose a poor decision when it comes to investment. Never be in a hurry if you don't know what you are doing or you don't have a knowledge about of what you are about to invest.

Quote from: dataispower on March 11, 2022, 05:41:33 AM

Quote from: GowithMi_GMAT on February 28, 2022, 01:20:55 AM

.
It's very easy to scam people on Social media because it is on Social media scammers shows what they are good at, they are so smart to convince someone who is not careful. Like in some scam trading platform their are scammers there who act like members of the platform to promote the platform by saying good things about it. A new genuine member who just joined such platform can be easy to get by seeing how the platform is been promoted.

Bitcoin Forum

Other => Beginners & Help => Topic started by: Rich222 on February 23, 2022, 01:24:37 PM