Bitcoin Forum

There are a lot of Filipino Facebook groups that scam newbies. I got wary of this issue because one of my friend got scammed because he joined a "pool" but after a lot of promises the one that "pooled" their coins just vanished in an instant.

Please my Filipino friends, beware of FB groups because most of the posts there will just make you lose money.

I've been joining a lot of cyptocurrency Facebook groups and have found most of them to be filled with scams- it's really sad to see how many people fall for them to, usually double your money or MLM scams :(

I just feel bad on those who got scammed because most of them are newbies. They might get the wrong idea that bitcoin is a scam.

yes, that's right. I joined also to that Facebook group and they advertise that if I will invest it makes double, but sad to say. no return. I tried to message that person who appears in the address but he disappear. so guys be aware and do not be fooled by scammers. scammers are everywhere who wants easy money without doesn't care to their fellowship.

Another common scam that I see is people selling Ledger Nano S wallets. PLEASE buy only from the official site, never from resellers from online groups as you might lose your coins this way.

i heard one news that that some scammers even go to HongKong to scam oversees filipino workers there. First, they pose as investment specialists and provides training for them, even "certifying" them with a license to act as "crytocurrency experts" or something like that. They ask you to pay with a certain amount and they say it's investing with a kind of new coin. :( It makes me angry listening to that.

So beware not just in facebook but with these kind of schemes.

Scams are every where not just on your country it is well spread around the world so if you are not wise enough then you will be fall on that trap. Better not to depend on any group, start learning by your own it is more safe than any other be careful next time.

Thanks for the heads up...

Im going to say good luck to scammers.  It will get trace.  Keep the BTC address and give it to the exchanges.  It can slow them down.  Its not perfect but this would catch the stupid scammers.

What would help greatly if they give a fake name.

Always pressure them to ID themselves with selfie picture,  written date and QR code (BTC address your sending btc to) next to them.   When join the groups.   It will always stick to them forever.

Dont join if they cant do this.  

i have joined a lot of them but i have been very care and mindful  of the activities around the group at the end you only found out that they are all scammers

Sad to hear that kind of essue. That's one reason why other people discourage bitcoin, other say that bitcoin is not real and you will get hack. It just not happen in the Philippines but also in other countries. It's better to learn about what's the basic and step by step understanding of bitcoin before investing.

This is very sad news, many people are riding Bitcoin’s popularity and taking advantage of orther people, I have seen many of these groups and I think we who understand Bitcoin should take action to combat those scams through information campaigns for people to know the truth. If these scams continues, it will affect Bitcoin’s reputation as newbies will associate the coin with scams.

These people are actually thise detroying the good image of Bitcoin. People would think bitcoin is really a scam because of their experience in this thing. I feel very bad because there are people doing this. For thise newbies, beware of thise kinds of promises especially when they promise you a big return or profit instantly.

I think we have to warn people about these groups and maybe report them to make them disappear.

one of the meaning is trust to earn here in crypto because we can't see all of the works here and listen only for others promises to earn some money so better to risk in already trusted like in different exchanger here

if your here in crypto better to listen here in forum because we have veterans users here so it's good to listen to them

It's true with the group that is not clear in Facebook that they do a post that seems to be melayu invite the depth of the site is not clear, we better carefully before doing action to avoid something bad.

I join a lot of Filipino Facebook Group not to scam because my purpose of joining them is to learn some information that can help me about crypto. Don't trust too much because not only filipino can scam it maybe your friends or someone you know. We are educated people so we must avoid people that you think a scammer.

That’s right. Actually, I heared some issues and news regarding this kind of topic. Some people say that they are now getting high profits and salaries and they will tell you to invest in their site or to send them some bitcoins in order for you to be helped by them. But some instances, there are people that are not scammers, and they are legitimate. Hence, try to legit check the person and check out his or her accounts if he or she is legitimate or not.

Just like that most of the cases of scamsare targeting the newbies because they don't have enough knowledge yet on how to check if a transaction is fake or if the person is trusted  through the documents he had presented.  For us not to get scammed, we should teach the basics for the newbies in order for them to secure themselves from getting scammed. And don't click links because most of the time these links will lead you to phising sites and will ask you for your personal informations so think before you click if you still value your money.

           It sad to hear that there are so many scammers arounds specially on facebook. They act like a sheep but at the end they are a hungry lion. We need to be more careful enough not to fall on their hole.

Yes, I'm quite aware of that. There are group of people creating FB group to scam innocent people thinking they might get a chance to earn profit. I encounter it sometimes, they pretend that you will double or more your bitcoin by sending small/large amount just by 7 days or less. They also intend to post a certain payout photos so that more people will get hook as if its paying.

While I have never joined any of those groups it is not something that surprises me, in the forum we have mods and active users actively fighting against scammers but in Facebook you are not going to get any of that and since no one calls them on their scam new users get convinced they can make a lot of money really fast and we know what happens next, they lose their money and most of the time they will blame bitcoin for their mistakes.

Most of newbies always want an instant profit so they easily dragged on that kind of promise. Honestly even with warnings, they will disregard it as long as they see a nice reward out from that shady investment. And the result? Being wrecked.

Im not saying it's good that they experienced scam because of unawareness but I see without such experienced like that, they will never learned.

Please put this also in Filipino local section in the forum. Lots of newbies lurking on that section rather than here in Bitcoin Discussion.
May I know the name of the group so we can put some list on PH locals.

There's a trending news on one of the crypto groups I am in, just saw it last night. I think we must be very vigilant on these MLM scheme investments that will only take our money instead of having a profit. Hope your friend learned his lesson although its the hard way. Thanks for the heads up OP.

yeah so many scammers are either on facebook or telegram. But somehow you can spot a scammer and if you do a proper research the scammer reveals itself. But unfortunately so many people fall for scam cuz sometimes they can be very professional

Post those groups so that newbies here can stay away from it and they are warned.
Okay there's the keyword why your friend got scammed, "promise"..
Don't be greedy, scammers are everywhere regardless of the nationality if they are scammers they don't care on who are they scamming. If you buy with their sweet talks and you are greedy, you'll fall to their trap.

We must be very vigilant in whatever group we are joining, specially in Facebook because nowadays many people are scamming people. They just want to make easy money and not work hard for it. Whatever group it is or even people directly messaging you and says you will earn more money by this or doing that, most probably it is a scam. Do not reply and just ignore those messages if you got one.

Can you give some detail on how they scam users?

Do they try to steal your wallets or do they try to ask you to send money?

Scammers usually shows that they earned 0.XXX worth of bitcoin beside is the current value in Philippine Peso through a picture. (Of course, newbies will usually fall for it because there is a proof) but then again, after asking the newbies to send their btc to a specific address they will suddenly vanish.

We just have to be aware in some bitcoin groups in facebook that we are joining because nowadays many people are scammers.So that we have to be careful in trusting some people.Don't trust people immediately and before you join in some tradings,you have to assure that it is a legit and not a scam.

That's the other reason why other Filipino investors afraid to investing in crypto because of these scammers, Their making crypto reputations bad to filipinos i've joined in crpto groups in Philippines and i've read alot of feedbacks to bitcoin that their money has gone because of HYIP scams, Mining scams and other investment scams and now they are scared to invest.

There are too many cryptocurrency scam/advertising groups, especially on Facebook. They add me to the various groups without my permission. I'm tired of wiping these people off my friend list. I wont add any crypto-related friend on facebook, no more!

can you give an example, what kind of group do you mean that?
so we can all be more vigilant in friends on facebook
and what techniques do these actors use to cheat?

scammers are way to creative that's why we have to keep from believing too good to be true offers because mostly its scam. i've known many people that were scammed and that's bad news.

Yes, there are too many group with scamming purpose and we need to do anything to spot and pusnish them.

Yes no  for me i didn't join any facebook group to those who are strangers

Not only to filipino but as well to other nation. There are a lot of people now are using bitcoin and other altcoin to scam people. If their target is not aware of their doings he might get invest to them without knowing that people are only good in saying good words. If i get friend request and asking that they have a strategy to earn 0.01 to 1 BTC, i will delete them on my friend list then block them.

That's the problem on the Philippines Fellow countrymen are taking advantage of each other that's why Philippines economy isn't getting better. Just to take advantage of anyone they don't care what KARMA they will get.

Thank you for warning your Filipino Friends on Facebook even not a Filipino we have to be careful on what we are joining. Now a days many people tried to scam us and it is hard to identify wethernit is legit or scam, also because of their sweet promises we trusted them.

Thanks for the fair warning, however this is not new, and I do hope that your Filipino friends learn it the hard way. There are so many scammers are out who really targets newbies with a promise of huge returns. Moral lesson is not to be greedy. And those scammers will just create a new Facebook group and will try to scam again and again. That's why Mark Z is really clamping down on everything crypto related because of this example. I myself was a victim when I was a newbie, that's why I stay away from HYIP and other Ponzi schemes. So just be careful guys, and just remember this, "If it's too good to be true, it probably is." .

It is true that there are really a lot of Filipinos who gets involved with scamming.  Since there are no proper education, Filipinos usually believes on what they hear rather than searching for it or understanding first the platform. Therefore, some of them are taking advantage. I personally have left all the group that I've joined before because of this.

i saw a lot of people or groups in facebook trying to scam other people. promising a good profit and there are still many that are being fooled. it is sad that bitcoin will get negative image with this. scammer are creative and knowledgeable today and they just want easy money from other people.

Scammers are everywhere my friend, not just in the Filipino community. I might be wise if you post something on this local board : https://bitcointalk.org/index.php?board=219.0 where most of the Philippines are hanging out.

On this forum, you will find that there are thousands of scammers hanging around, to see if they can scam people. This is not just limited to this forum, you can get scammed on the streets!

Absolutely, scammers are everywhere. This kind of people wants an easy way to earn an income. They will use or make you believe that they are legit. As an advise, make it sure or do a research for that group if that a legit or not before joining.

This is the most common mistakes of those newbies in any thing related to money not just with cryptocurrency, there are people that can be easily convinced because of the promise of high returns that those fake investment say. But the truth is we can't just trust our money to those people that we only met online because there is no guarantee that they will give your money back or your profit. If you know any groups that do this you can edit your thread and post it here so those beginners will not get victimized by this scams. The truth is no one will ever give you a huge profit without doing anything and every investment is a risk, so even they offer a legit investment program there is still a chance that you will lose your money. If you are a newbie you should just stick to holding Bitcoin because it is an investment itself.

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Why join a group to double your money? Bitcoin doubles on its own and all you have to do is hodl.

There's a lot of people everywhere that are scamming, I'd be the first one to say that I think most of the bitcoin groups on Facebook are attempting to scam people and are probably doing a wonderful job at giving crypto a horrible name through this. I mean it's not new, scammers are going to target people on sites where they think the newbies are going to come from (Facebook ads, Instagram ads, etc)

Gives us all a bad rap here in crypto, would hope for people to change but I know the scammers won't.

Thats always the target of scammers, those newbie who doesnt have enough knowledge in crypto. Greedy people will never be fair, so its a must to be careful at all times especially when dealing online. Avoid joining MLM company investment , HYIP website and ponzi scheme because almost all of them are scam.

There's so many scammers in this world not only filipinos. We can avoid them, just be wise. Don't fall to their promising words. Review their account or project first before lending/investing your money.

Pool, how long your friend was in this group?

Yeah,  many Filipino Facebook groups that are interested to scammed many bitcoin users but if you notice you can get easily rid of it if that facebook group is scammed. They usually getting their attention of the Filipinos and then they will get some information about their bitcoin, then instruct them about doing some things like put your php wallet then you will get some money but actually not. So for my fellow Filipino users,  beware with that scammers.

Yah that's right.
I already heard and read one of facebook  bitcoin group in my news feed and the promises they have made
Are sounds good but i do deep research about that posts and i discovered that it was a scam.

Scammers are scattered around the world so everyone should be very careful and do not trust to much to avoid being scammed put in mind that you should manage your personal investments and do not join any group that promise a bigger profit by investing your capital to their group. We need to evaluate and observe every transactions that we are going to do to avoid scams.

Oh yeah ofcourse we need to beware of those scammers or crypto users that many steal our hard working strategey just to have that enough money that we get from bitcoin you have to be wise and becareful whom you trust for.

Every where we go we can find scammers. Beware of joining groups specially if who don't know anybody in that group. Nowadays it is very hard to trust someone specially that we don't see them. Many became victims of the promises of easy money so if a person would mail you saying to invest in this thing because it will double your money in just weeks, then it is 100% scam. Try to avoid that one.

I don't understand why you would join a Facebook group to learn about crypto. The information is all overmthe internet and wiki. Also this forum, although it's harder to find info here.

Th Philippines is a nation where people are starving with $1/hr wages. They are desperate for a way out, and so are the scammers. They'll scam the desperate.

Everyone must be aware of things from now on specially to those who new to cryptocurrencies,scammers are scattered all over the internet and not just in facebook.If op's friend is well oriented and have more knowledge the he/she might not be scammed.

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Scammers are everywhere, on FB, Twitter, forums...
Any newbie can be one of their victims and any one investing his money should be careful and don't trust someone he does not know.
If you give your money to someone you knew through a FB page you will loose it and it will be impossible to get it back.

Evil doers and cheaters are very rampant nowadays. People tend to scam others in order to earn. They do it for a living. They do not pity their victims. To some of their victims it was hard earned money. Why they cannot play fair? Because they are lazy and their heart are full of evil.

Yes, that’s true. Many facebook pages having advertisements about different refferals or link that able you to be scammed. They say that you will gain money but this is not true! There are also dummy accounts that has no real information that will chat you and persuade you so you must not trust these kind of people.