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321  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🔴[BOUNTY DETECTIVE]🔴CLIPX - 800,000 CXC (~€138,000) REWARD POOL [4 WEEKS] on: August 12, 2020, 06:44:36 PM
#PROOF OF REGISTRATION
Forum Username: Timmzzy
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1014729
Telegram Username: @Timmzzy
Participated Campaigns: Article, Twitter & Facebook
ETH Wallet Address: 0xFAa5f114A90df6C623bA74f576aB54aAC6c60668
322  Economy / Trading Discussion / How to LINK or CONNECT your Binance account to tabtrader trading App on: August 12, 2020, 11:57:31 AM
Greetings to mostly the newbies coming into the Crypto world (Crypto market) as a means to make some money while at home or in another way round no job's, people are been fired (sack off) from their current job due to the pandemic crisis in the world at large. God is in control over life. Amen 🙏

I don't know if this topic has been treated on Bitcointalk but I will still take this Medium or let's say an opportunity to bring it again.

Now for newbies who don't have a Binance account, you can possibly get one for your self by clicking HERE
Once your account is set and everything is complete as in you have set your GOOGLE AUTHENTICATOR (2AF) which is very necessary and you have you SECRET KEY and security question kept safe (everything that has to do with your login) This is for you not to regret later on in future for not keeping them safe and secured. To cut the long talking short Crypto has really changed the lives of many so get hold of it now.

Once all I said above is done proceed by getting your tabtrader on Google Play store let's continue Open any Browser you want to make use of.

Now am going to use images more than plenty of talking so as to quickly understand what am talking about while looking at the images.

1. Input your email and password which you used to open Binance Exchange Account and Click login




2. Once you have logged in your BINANCE Exchange Account with Any BROWSER the view of your account will be like the image below depending on the device you used to login for me am using my Smartphone device. Now Click on the Profile ICON just like you see it on the image circled on Green.



3. Once you click on the ICON A dialogue box Will appear by the right-hand side on the page.



Now click on API MANAGEMENT as circled on the image.

4. It will take you to a new page. Now on this page, you will see at the top CREATE API and below you will see API LIST.
The API list states down already created API that you might have a link on another sort of trading app.



Now on the image at the Red circle indicated click in the box and input the NAME of what you want to name your API don't mind me am breaking down the ENGLISH: enter key label for a better understanding that's why instead I just say NAME once you have inputted the name click on CREATE

5. Once you click on CREATE it will pop up a dialogue box where you will see SECURITY VERIFICATION on the first box where it's written e-mail verification code just click on SEND CODE which I circled on Red colour



Now in a few seconds or so you will receive an email in your inbox quickly get down there and copy the code as you see the image below



Once you have gotten the code from your email get back to your Binance account still on the security verification page and paste the code and also go to your 2AF APP and copy the code you set on your Binance trading Exchange Account and paste it at was it indicates Google verification code
Then you click on SUBMIT



6. Once you have clicked submit it will load up a New page. Which means Your API creation was successful now look below the API LIST you will see the newly created API with two kinds of strange codes written down in BOLD BLACK I crossed on RED color.



One is API KEY and the second is SECRET KEY. Those are the two keys we need to proceed with TABTRADER. Now open up your tabtrader app. On tabtrader you need a profile it's just a simple task creating a profile you just create a profile using your EMAIL.



It's on your choice to set a 2AF on your tabtrader or probably you just leave it. Now you created your profile let's proceed by adding the account to our tabtrader. Follow the image below. Click on the +  Account



7. To add an account, just like what you see in the image have already added my BINANCE EXCHANGE account already.
Now clicking on it, it will take you to the ADD ACCOUNT page where you will different types of Exchange platform to me am familiar with binance and bittrex Exchange but I believe every other Exchange is the same process linking them to tabtrader App.



8. Once you have selected BINANCE EXCHANGE among the list of others. A page will pop up, on the page is where you will paste the CODE. Yes, am talking about the API & THE SECRET KEY CODE. Paste it according to its name please don't mix it up it will not work.

Note: And please for security reasons DON'T SHARE YOUR SECRET KEY CODE to anyone or show it to anyone.



Now once you have pasted the CODES just click on the ticking ✔️ I circled on the image above.

9. Bravo, you have successfully Linked your Binance Exchange Account to TABTRADER APP.

10. Once everything is done just swap down to WATCHLIST and you will see some already tick pairs on the watchlist see image below.





11. Mind you, not all coin pairs will appear, but let me go further by sharing the steps on how to add them. Follow the image above for you to understand how to add a coin to WATCHLIST. On number 10 second image you will see I circled + Ticker click on it and follow the next image below

12. On the image below you will see a SERACH BOX and LIST OF EXCHANGE PLATFORM below in the search box it's either you search the name of the coin and it will bring out the pairing name Example if you search on ADA it will bring out its pairs e.g
ADA/ETH, ADA/BTC, ADA/BNB, ADA/USDT etc. Or you just click on the Exchanger platform that you linked on TABTRADER and go through the list of coins that the Exchanger has and each of



Then you tick on the pair you are using to trade either BTC, ETH, BNB or USDT see the image below.



When you are done you use the back button on your phone or you click on the BACK ARROW⬅️ on your left at the top of the screen Closed to the search box Congratulations you can now trade using TABTRADER APP

Quote
As Time permits me we will share and have more ideas regarding Tabtrader and other Exchange's.. enjoy trading!
323  Alternate cryptocurrencies / Bounties (Altcoins) / Re: 🔴[BOUNTY DETECTIVE]🔴Candela Coin - 4,000,000 CLA (~$120,000) REWARD POOL 🔴 on: August 07, 2020, 09:30:31 PM
#PROOF OF REGISTRATION
Forum Username: Timmzzy
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1014729
Telegram Username: @timmzzy
Participated Campaigns: Twitter & Facebook
ETH Wallet Address: 0xFAa5f114A90df6C623bA74f576aB54aAC6c60668
324  Other / Beginners & Help / INTRODUCTION TO CHART FOR NEWBIES on: August 04, 2020, 11:36:41 PM
Greetings everyone and hope you had a pleasant day. I will be sharing the little knowledge I have on introduction to charts, types of charts for newbies who are picking up into the Crypto world gradually.

And a few frequently occurring chart patterns I’m sure most of us have some form of encounter with charts but I will start with the basics first for those of us new to trading.

Like the word says charts simply give a visual representation of the market movements in currencies. Some form of summary I would say. Let’s take Bittrex platform for example. When you look at the page you see the figures changing constantly. This is the same data that gets represented on the charts. There are three types of popular charts:

1. Candle stick
2. bar and
3. line.



These are the ones used in the currency markets.
Personally I use the candle stick and it works for me. I believe this is preference for most traders as well and i will show you why?
The candlestick chart sometimes called the Japanese candlestick has two parts and four points. All of these are important when determining when to enter or exit.



The two parts are the body and shadow,
the four points are:

  • the open
  • the close
  • the high
  • the low

Although the colors differ based on the platform you are using. Most platforms use green for increasing and red for price decreasing as you can see these are the points on the candle stick.
So this is just a summary of all those figures presented in an artistic way. Have a look on the image, as i continuing. Let me explain the four candlestick points before going into types of candlesticks

FOUR CANDLESTICK POINTS



➡️The open is the opening price of the currency for that time frame.
➡️The high is the highest point the price of the currency reached for that particular time frame.
➡️The low is the lowest point and
➡️The close is the price at which the candle stick closes for that time frame.
Let me explain the term "TIME FRAME".
Candlesticks represent time frames. E.g. one candle
can represent 1 day, 4 hours, 1 hour etc.
Let’s take one (1) hour time frame for example since we are mostly day traders here. These four points would show the activity for a particular hour for that coin.

CANDLESTICK PATTERNS

So there are candlestick patterns and there are chart patterns. Multiple number of candlesticks come together and form chart patterns and these are strong tools in predicting movements ahead of the markets. They show what can be said as the "Body language" of the markets.



Bullish candle signal that the price is going higher and Bearish candles signal that the price is going lower Please look at the image carefully, these candle are called a HAMMER The bearish one is an inverted hammer for the bullish hammer.
You look for it when prices are coming down. For the bearish hammer you look for it when prices are going up When prices are going up the hammer gets upside down. Don’t worry when i explain trends this will be a piece of cake. Just know how they look for now Don’t worry about the terms bullish and bearish So here is another image



These are more patterns and I will explain each one in detail
No need to memorised them. You can keep it in your gallery and be looking at them as you view the charts. One important thing to note is that all of these candlesticks give an important piece of information at the right points on the chart.



I will take the most common ones let’s start with Doji.
The doji should not be used alone to make a decision. It should be used together with other candlestick patterns.

It shows that there is indecision in the market. It is neither closing up nor down and it can go in any direction as you can see it is neither green nor red. The same goes for its other variants as well.



The next one is the bullish engulfing. This shows you that those pushing prices up are winning the battle against those pulling it down. In lay man’s terms, this is a good indication that prices will go up or at least halt momentarily when seen at strong support levels.



This one on the other hand is the bearish engulfing. Shows those pushing prices down are winning the battle.I hope someone is getting the knowledge bit by bit don't rush reading it. I will not treat all candles but the common ones that i have seen to be more reliable. The next one is the morning star.



This also shows prices will likely go up or halt momentarily like the bullish engulfing. When seen at strong support levels it also signals a move up.



we have the evening star which when seen at strong resistance levels signals a move down. As you can see in both the morning and evening stars i put RT there which means Railway tracks.
A lot of times they appear without the small candle between them and appear like railway tracks which makes them easier to identify. Hammer, inverted hammer, doijs, bearish and bullish engulfing, morning and evening stars Next I will show you some charts where they appeared and were useful.



If you zoom into the image you will see an inverted hammer after the move up.



This is btc/usdt
You can all look at it in your respective tabtraders App
All the patterns are appearing where the chart makes a turn around. It is important to note, they will not be there every time all the time. But when you see the ones you know to be reliable you know there is an opportunity, these are candlestick patterns. They are just one part of the puzzle you need to consider before placing a trade.

Quote
Keep learning the basics definitely you will get there as a pro trader. All the best
325  Other / Meta / Re: [Tutorial] How to add image, resize image and make image clickable on: August 04, 2020, 08:25:58 PM
Apart from making use of imgur.com is there no other ways to upload images online and get the link and use it on bitcointalk.org. because seems Imgur is a little bit complicated trying to upload images one after the other.
326  Other / Beginners & Help / Re: Beware there is fake Trustwallet App circulating on Playstore! on: August 04, 2020, 06:50:37 PM
Wait a minute are we now in the atmosphere where by every where is not safe any more when it comes to Crypto and saving of funds in wallets we just need to be careful especially the newbies adapting newly into crypto-currency.
327  Other / Beginners & Help / Re: SCAMMING AS AN OPTION/ADVICE TO SCAMMERS on: August 04, 2020, 06:44:37 PM
Scamming may seem more like an option for frustrated persons but the real question is;
*Is it the right option?
*Is it an option your proud of and morally justified?
*Do you feel secured as a scammer?

I don't even think they feel safe at all, they just have this motives of quick money making sometimes I just seat to ask my self are this not humans whom God created and they just choose to do evil i mean is just so outrageous.
328  Other / Beginners & Help / Re: Protect Your Account on: August 03, 2020, 09:37:10 PM
I believe Newbies really need to see this. When I first noticed the hacking of Bitcointalk account activity some time ago. I just got this instinct of making use of that feature of hiding my email of from the forum which I believe they get into one's Account using that means of email. How wish 2af will be implemented on Bitcointalk.  
329  Other / Politics & Society / Re: Problems covid19 cause on: August 03, 2020, 09:32:36 PM
Covid19 is affecting countries till today does it mean corona virus don't have strong drugs that can eliminate the virus
This virus is causing damage to the world which also making people to feel uncomfortable in they home's,
Take look of  President's of country is not comfortable because of face mask.

Corona virus has caused numerous problem to humans.

* Educational problem

* football problem

* Shopping of eatable items

* Industrial problem

*Civil service challenge

* Home prison

*Embezzlement of country fund

* Downfall of some countries economy

* Death of people in different countries

Corona virus has changed my country academic calendar and students are frustrated in educational system because of covid19
World health organization (WHO) should look towards  corona virus properly.

People can't feel among in entertainment industry any longer,
Know body is going to football viewing centre to view matches even stadium because of covid19.

Production of beverages in companies are weak because no enough raw materials for production,
And cause of a living is expensive now because of corona virus.

Buying of food is difficult now because every supermarkets are closed
Some open once in a why,
How can people coup .

Politicians has used corona virus as a source of income by diverting countries money for palliative for private used.
And many people has committed cybercrime due to diverting countries fund for palliative to personal used.

Corona virus has taken the life of many youths,life of prominent people in society,
A lot of lost covid19 brought to the world.

World health organization (WHO)
Should research more for effective drugs that can destroy this virus.




I believed we all saw the video of the woman at white house who came up openly to state about three drugs that cure. Even her social media was shot down in the process of saying all what we probably need to know.
330  Other / Beginners & Help / Re: [How to] Detect and recognize projects on: August 03, 2020, 09:29:30 PM


Here in this the article I'm going to explain about how do I detect and recognize scam projects in crypto market. However, the method they use is usually same, unless a few projects with more creativity.
Let's say by rising the value of the crypto currencies specially back in 2017, many fraudsters started to trap victims and mostly newbies. From beautiful shiny but fake ICO to tempting profits in short-term.

Domain Name
These websites will try to trick into thinking they are official websites of well-known brands (Facebook, Adidas, etc...). While, they have not any relation to the actual company. Also, make sure that the domain name is as it was expected, especially if you are clicking a on link. For example, when you are expecting to enter coinbase.com, you may they redirected into colnbase.com, with exactly the same skin. The only difference is colnbase.com will collect your username/password and for the abusers (Phishing method)

Apparently Flawless and Excellent
This usually happens when you are searching for good online in low prices. For example, when you are going to buy iPhone 11 for $300. 'No discount is unreasonable'. They will try to collect your payment information and maybe you will not even receive any goods at all. Also, I saw this method when a website was trying to sell Bitcoins for $3999 while the real price was more than $5000. If you need any huge and unreasonable discount you will need to double check everything and make sure. Also, the other example for being apparently excellent and tempting is to promising huge profits, try to understand and make sure about how they should provide you the profit.



Check the Documents (even if it's hard to read)
Some exchanges/casinos will put some conditions for the service. For example, you will need to do KYC before the withdraw the they maybe ban your country, or they maybe have a rule about using VPNs. Usually the list of user agreement is super huge with small font but if you re spending you money you need to read the agreement. 'Do not sign anything without reading' by registering the account you are actually signing the user agreement. Also, the other important document is the whitepaper, always read the whitepaper before you even think about investing. However, whitepaper can't guarantee anything because there are some writers doing the whitepapers for some money.

Trustmark
Trustmarks are a method for third-party verification for an online legit business. These licenses are usually for centralized business, if you see crypto related website with governmental trustmarks double check the license. For example, the license was published for 'Henry Investments', now the scammers can create a fake company with this name and abuse the trustmark, or they can easily change the name using Photoshop.

Check the Domain
Using the websites like https://who.is you can check the domain information about the website, domains registered for short periods of time are suspicious domains. Because the scammers will usually run the website for short periods of time with small amount of money.
Also, check the other websites registered on the server, usually the buy one server and run multiple scam websites on it.



Reviews
Never ever trust the comments and reviews on social media and trustrating websites. Many project will pay some small money to people in order to send some positive reviews for them, they even give them some payment proof screenshots to broadcast in public.

Team Members
This is a a very known method when scammers take some photo from random people from social media and put in their website. A simple image search can be useful here.

Thank you for your attention.

Even with all this analysis a project that will fail will fail a project that will do good will do good, have encountered many that with all hopes and fake promises as at when they are to start never come through. To be I just believe its with the grace of God that many get lucky.
331  Economy / Scam Accusations / Re: Similar method to twitter hacks! Now on Facebook? on: August 02, 2020, 04:42:35 PM
They are impersonators and they are everywhere same scheme that they used in different popular pages, trying to lure their potential victims by posting a fake promo via reply on the legit post of the page owners. Always remember that “too good to be true means not true”. Stay safe!

Now this is the new way to really get money from people intentionally without minding. Such is not life I sometimes seat to reason why will people of my same Flesh and blood will have a heart so wicked to do evil I mean it's so devastating.
332  Other / Beginners & Help / Re: Newbies are free to choose the journey they will go on: August 02, 2020, 04:39:19 PM
I used to be a newbie and my age is not too old on the forum. I registered the account on April 28, 2019 and my first forum-versary is 3 months ago.

You will not read if I write something too long as tl;dr so I will write it too short for you.

As a newbies, you have to choose the journey you want to go:
- Bounty hunters
- Spammers
- Scammers
- Good members.

There is nothing needed to say if you choose the first three. If you fortunately and bravely to choose the last one, and want to go as good members the next thing you have to do is choosing the area you have interests in. It is important because you will more easily spend more time for that, and you will feel more comfortable to do so. It is your interests so your works with it will bring lots of fun back to you.

I chose to focus my time on the forum with security and privacy and wallet's features and usages. You can see it in my first thread I created to ask about Brave browser - What's wrong with Brave browser?. Unfortunately, because of privacy problems I stopped using the browser months ago.

Bitcoin Core's prune node. Please help to use it safely.
Warning when transaction fee exceeds sent amount for bitcoin wallets?
Check links with Virustotal. False positive results, how much they are?
Good topics on security and privacy
Authentication: Types, Risks/ Attacks, Advice
Visiting official websites and download official apps, not fake ones.

There are some threads not belong to my main concerns.
A new group of scammers, make topics with phishing links. Please nuke them.
Find your managers
Overview on DeFi - a new hot trend in crypto

If you are newbies, now choose your journey and your interested areas you want to go with.

I think I fall into two specifications on the list of what to choose first am a hunter and secondly I am possibly helping people to understand Crypto and other things relevant to Crypto out of Bitcointalk forum as a whole. So to say as for the rest two I believe most members on this forum has their heart at the back of their mind. Enjoying hurting other humans intentionally.
333  Other / Beginners & Help / Re: Tutorial - How to create Table in the BitcoinTalk Forum on: August 01, 2020, 09:58:15 PM
Nice tutorial in my own perspectives I believe newbies will not get confused on the icons when using the reply box.
If ever you feel confused on what the icons are used for or hesitate to simply click it because you're afraid of what may happen (I felt the same thing when I was new here). Dude there's a simple solution for your problem Smiley.

> For example, you want to know what this icon is



> Just click and hold it then a window will pop up. Now you know that it was a Superscript. A feature usually used for typing math exponents.


This really explains better, but I see that it's on Google chrome browser you did that on which most users are not using it. Just hoping it's same on others.
334  Other / Beginners & Help / Re: paper wallet how to on: August 01, 2020, 06:32:15 PM
hello and thanks for helping a newbie.

i am wanting to use a paper wallet to buy and spend bitcoins.

i am having a hard time trying to find good guides for this.

please help

thanks much,
david

Don't go too far when it comes to wallet we have lots of them but my most recommended is imtoken which have been using for years Now. Also we have trust wallet and all of these can be gotten from Google Play store, just search on the names you will see them. I can still edit this post again with the links Below. ✌️
335  Economy / Trading Discussion / Re: How to transmit funds from an exchange to relatives on: August 01, 2020, 06:28:49 PM
Hi to all the community.
Recently i've got a problem with my trading account on binance, got it 2FA verified and 2FA was on my mobile phone which i've lost. So i've lost an access to my exchange as well, because i didn't save a code to 2FA.
So i've started again and wondering if there's something can happen not only with my equipment, but me as well,  how can my relatives receive my funds without getting an access to my binance account, email, 2FA, etc. Is there any service i can use that will be something like a backdoor which i or my relatives can use if something goes wrong?

When it comes to 2af I bet you don't joke with it at all not in any case, because you will be very stranded going through stress in getting your account back. My best advice is to make use of alternatives I think we have Twilio Authy you probably can get it on  Google Play store: https://play.google.com/store/apps/details?id=com.authy.authy

Thank me later
336  Economy / Reputation / Re: Is This What is Called Professional? on: July 27, 2020, 08:50:14 PM
Most people here surely know "BountyDetective" because he manages a lot of campaigns, when we register he will definitely be asked to fill in an Email: (in form)
"Email addresses will be hidden, and won't be used for any spam / promotional actions. Emails are to verify users when comparing data with projects own data."

But in fact they publish our emails in spreadsheet, is this what is called professional Huh We know that email is privacy and not for publication.
How do you think?

Good saying but in my own thoughts I will advice you using an alternate email and ETH wallet address to things you do online. I don't think I have a view of my email on the spreadsheet probably give us a picture to which spreadsheet your email appears on.

Like this: https://pasteboard.co/JjDOMoh.jpg
337  Other / Beginners & Help / Re: This forum consisting of learned and disciplined members on: July 27, 2020, 08:37:06 PM
I like this forum, and I have understood little about it, it makes use of merits and activities to rank members. I have checked few threads and I saw well written posts. The forum is a bit hard for me to start but I know the beginning could be hard but the later would be easy. I have also noticed few other things about this forum.

The forum to earn but quality contributions are prerequisites
Yes, this forum can be used to earn but I like it that only Full members and more ranked members earn better, I noticed the more the rank the more the possibilities of opportunities. But, before we can earn here, we need to be patient and contribute qualitatively.

Importance of the merits
Merits is a very good thing because it will makes this forum clean, making it full with quality threads, if the merit is not implemented, there will be more spammers and people that post uselessly will abuse the forum, I like the merit for this reason.

Low rank members are still ranking higher
I would have complained saying this forum is full of cheaters but with the profile of some members I checked, I noticed people are ranking higher, which means I just need to think of a way to post like them so to habe merits.

In conclusion, bitcointalk a good forum
It is hard for me to earn merit now, but I know I just have to contribute qualitatively before earning merits, and I will try my best towards that.


You are already doing well having over 39 merits so far I was a dummy back then, was more into social media bounty Campaign and in turn just increasing my post and activities with Bounty thread reports which wasn't cool and still working on getting ride of them.

Rephrase this:
Quote
which means I just need to think of a way to post like them so to habe merits.
to this Have Merits
338  Economy / Trading Discussion / Re: Binance exchange - blocks money withdrawal! on: July 27, 2020, 08:30:43 PM
The administration of the Binance exchange is doing arbitrariness in relation to its clients.
In particular, since July 11, 2020, I have been blocked from withdrawing funds from my account to a DASH wallet under the far-fetched pretext of "controlling the risk of withdrawing funds."

Quote
There is some abnormal activity with your withdrawals. We require you to verify your identity before we can re-enable your withdrawal functionality

The deposits and withdrawals was only in cryptocurrency, the account balance is now about 280 USDT.
I suspect that those who are more or less successfully trading in futures are blocked, the increase in the deposit is about 4x.

Now, they require full identification - send them your video with an identity document and a computer with a personal account.

No argumentation other than "we need it" is given. Naturally, a normal person will not trust such people with their personal data and personal videos, especially since there are no grounds, even formal ones.
I believe that the actions of the Binance exchange are simply the misappropriation of other people's funds in cryptocurrency, plus the extortion of personal data.

Draw conclusions whether you need to take risks with this "largest" kitchen exchange!

Mail exchange and proof:

--------------------------------------------------------------
1. Balance
https://i.ibb.co/KW4ZVD8/acc.png

2. Deposits
https://i.ibb.co/6mMSCxr/1.png

3. Withdrawals
https://i.ibb.co/WFw390f/2.png

4. Futures Trading History
https://i.ibb.co/4mJNLdW/4.png
---------------------------------------------------------------
Letters of happiness from Binance Grin

5. Final conclusion
https://i.ibb.co/YQ0d9XB/5.png
6.  
https://i.ibb.co/Svc2Q6m/6.png
7. Answer to ticket No. 3479316  
https://i.ibb.co/Dzr7SJJ/7.png
8. Binance answer in Russian
https://i.ibb.co/wKTymYP/8.png
https://i.ibb.co/02jr5bW/9.png
9. My answer
https://i.ibb.co/vJqZ5WB/10.png
https://i.ibb.co/jDk1TXK/11.png
10. The curtain
https://i.ibb.co/G2xdTwf/12.png

11. The continuation of the ballet, it seems that the bot is unsubscribing:
https://i.ibb.co/hsL10vX/13.png
and the answer: https://i.ibb.co/v18x3Lb/14.png


In this thread, I suggest everyone to publish similar cases of blocking Binance accounts for collective appeal to the relevant authorities and informing the community of traders.

Well seems like if there is a huge number of withdrawals on the network they probably use the KYC methods to slow some down.
Just like what you mentioned here: 👇
Quote
Now, they require full identification - send them your video with an identity document and a computer with a personal account.
339  Other / Beginners & Help / Re: SCAM OR NOT? on: July 26, 2020, 09:29:31 PM
Some one help. I bought /invested 500 in Bitcoin with someone I was told I would receive my return in 7 days after after which I was then told I had to a 1000 for profit withdrawal fee. This took 5 days to reflect in my coinbase wallet at which time I forwarded the funds. Now I'm asked to send another 1000 for a Crypto receiving allowance Fee before I receive my return. I have not sent it.

You are already in the lion's tent, just look for a narrow escape to make. This explanation alone from the first sentence shows that.
And please cross check your words before posting. There are lots of grammar errors on the post. Try to recheck
340  Other / Beginners & Help / Re: Ponzi Schemes for dummies on: July 25, 2020, 09:30:10 PM

Disclaimer: The information's contained in this explanation is the result of my understanding of Ponzi Schemes and may contain some errors. Search and confirm about it.


Table of contents

      1. Introduction
      2. What is a Ponzi scheme?
      3. How Does a Ponzi Scheme Work?
      4. How to Recognize crypto Ponzi Schemes?
      5. How to protect yourself?


Introduction

Most individuals who invest in cryptocurrencies want make some profits so the return on investment (ROI) is supposed to be one of the things to study before thinking about investing.
With the increase in projects and methods of investing in cryptocurrencies, the risks increased, and therefore risks must be redefined, the difference between them and Ponzi schemes.

What is a Ponzi scheme?


The name goes back to Charles Ponzi who became famous for his fraudulent system of earning money, as he managed to defraud hundreds of victims.
Ponzi schemes work by paying profits to former investors with funds from newer investors and therefore the belief comes that profits come from product sales and thus continue to invest and the promise of generating high-value returns with little or even no risk.
In the end, other investors discover that they are the source of the funds and therefore they will not receive returns and they may lose their money.



How Does a Ponzi Scheme Work?


The main point is that scammers never invest money that they redistribute investor money to believe that they are making profits, and therefore you need a steady flow of money to survive, otherwise they will run away with the money.

What makes this type of fraud appropriate in cryptocurrencies is the fact that scammers are more difficult to track and there is not enough regulatory framework to protect investors and thus may escape all investments without paying any returns.


How to Recognize crypto Ponzi Schemes?

It is not an easy task, but there are some indicators and red Flags which make more likely the project is to be Ponzi Scheme than as an investment:

  • Promises of high profits with zero risk: “The higher the risk, the higher the reward” When you hear that there are no risks, something is wrong.
  • Consistent returns, regardless of the market condition: The yield from investing varies according to the nature of the market, but when a project talks about double profits in a short period, regardless of the market.
  • Lack of transparency: how to get profits, the nature of the investment, who the investors are, information about them. They try to sell you dreams without providing detail about them.
  • Don’t offer real products or services: Often the investment is a dream, but there are no real services.
  • Increasing minimum investment: These projects need to grow rapidly, and therefore they need to increase their capital, which is higher than the minimum withdrawal amount.
  • It comes through someone with a shared affinity: Often these projects come from a well-known personality or someone you trust and thus reduce caution and search for them, sometimes they lie to developers or give false information.


How to protect yourself?

  • Be skeptical: Ask a lot, understand how you benefit from the investment, how the project works, read about them and ask people in this forum or who you trust.
  • Do not trust. Verify: Do not trust the opinions of experts, and do not listen to all details without checking them.Ask for registration information, legal papers and verify that they are correct.
  • Check out the seller, white paper, developers, their road map, and all the details: Scammers are always lazy so you will find some errors or misinformation.
  • Understand the investment: Do not invest in things you know nothing about.

When it comes to Ponzi scheme, my dear I don't even regard it as something I should be hearing or even talk about. Am glad this topic will help lots of dummies to understand how it works.
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