How To Spot A Bitcoin Scam

[DoublerHunter]

It is easy to spot a bitcoin scam. If the site that offering bitcoin is too good to be true then it is clear that it is a scam because there is no site that will offer a huge return in just a short period of time. I believe that it is better to earn bitcoin in a slowly but surely process rather than betting and risking to those kind of scam sites.

[eternalgloom]

You can usually already spot a scam by looking at their website.
If it's just a generic template with some generic info, I would already be very wary.

Especially if they make big promises of profit on their website, it's usually too good to be true.

[uraharasan]

You can usually already spot a scam by looking at their website.
If it's just a generic template with some generic info, I would already be very wary.

Especially if they make big promises of profit on their website, it's usually too good to be true.

how do you recognize a scam just like that? You can be mistaken, because now many scammers are making good websites but they are scamming people. the most effective way to recognize a project or website is a scam or not is to look at the team's track record, if necessary you search on google.

[imyashir]

Any ideas on how to spot a bitcoin scam?

I just avoid hyip and mlm just scams you do not have that profit but you're the bitcoin. so the bitcoin chops the background because of their schemes. if you do not want to scam you trade or gamble you lucky man go to be a millionaire. you just know that you will be dealing with bitcoins with different schemes if you have known that a long bitcoin holder will first check or check on badbitcoinaddress.com if you just search google.

[Koadharber]

Any ideas on how to spot a bitcoin scam?

Just even on common sense you would able to identify which is legit and which is not but when we are still a newbie chances of getting scammed is high since we do still lack on knowledge into things around us but as early as we can we should really be knowledgeable already and good for you that you did ask that question into this community which you can really able to listen or read on whats the community been advicing here and as being said if all things are too good to be true then most likely of them are scam.Dont get blinded by good offers on a short period of time.

[nkarm1]

About investments, usually all HYIPS always turns out being scam. At first they will give what they promise and after collecting funds, they will run. Since I started on back at 2015, all those MLM schemes(example is MMM global), HYIPS(that promises a lifetime 3% profits per day), and even mining sites that runs for years like hashOcean (that o tried, luckily i got my ROI and earned some profits in it before they vanished) runs! Now not a single site among them is left. So always put them aside when you are planning to invest guys. Instead, put your btc on ICO's that are really prepared and never rushes their goals and trade on established altcoins.

[alyssa85]

There is one extremely straightforward rule - if it looks too good to be true then it is.

On top of that always google site:bitcointalk.org 'subject' and see if anything comes up. If nothing at all comes then that's not an encouraging sign.

Risk free returns are impossible. If there was a legitimate interest paying Bitcoin option I can guarantee you every single Bitcoin on Earth would pile into it instantly as they're all sat doing nothing. There is literally not one on the entire planet.

Lending on well known exchanges has enough risk, let alone all these bullshit ponzis. Have you been offered a specific 'opportunity'?

Also google 'coin name scam'. If other people are having problems with that coin, they will have written about it and it should come up when you google.

[player514]

There is one extremely straightforward rule - if it looks too good to be true then it is.

On top of that always google site:bitcointalk.org 'subject' and see if anything comes up. If nothing at all comes then that's not an encouraging sign.

Risk free returns are impossible. If there was a legitimate interest paying Bitcoin option I can guarantee you every single Bitcoin on Earth would pile into it instantly as they're all sat doing nothing. There is literally not one on the entire planet.

Lending on well known exchanges has enough risk, let alone all these bullshit ponzis. Have you been offered a specific 'opportunity'?

Also google 'coin name scam'. If other people are having problems with that coin, they will have written about it and it should come up when you google.

This is surprisingly simple but also a good piece of advice. Google is a very powerful tool if you know how to use it correctly. Also, for the most part, coins are scams when they seem too good to be true or when they're fudging numbers. Always use your intuition to see whether or not a deal seems too good to be true.

[n0ne]

Scams related to bitcoin can be easily identified, because majority of the scams promote services providing profits in multiples in a days time or two for the investment amount. If you make a research about the availability of the list of scams, you could find lots in the name of investment and cloud mining.

[Kocret02]

Scams related to bitcoin can be easily identified, because majority of the scams promote services providing profits in multiples in a days time or two for the investment amount. If you make a research about the availability of the list of scams, you could find lots in the name of investment and cloud mining.

sometimes also do very easy actions to influence the investors and also interested parties to join and use bitcoin as capital, but the fact is a lie or scam.

[Fappanu]

It's easy to find out that this is a scam or not. First give a big return on our investments just after a few days. It is called Ponzi, Hyip (High Yield Investment Program).

Even companies that are in the industry can also make a fool. Because nothing lasts for bitcoins invest in the end it will still steal our hard earned money.
this is my advice. Avoid those investments.

[deddod]

Any ideas on how to spot a bitcoin scam?

along with the famous bitcoin around the world because of its fantastic price, now there is a lot of fraud against bitcoin users.
among them using fake investment sites or fake mining services or how to double bitcoin quickly. I find so many scams spread across social media.

[CarnagexD]

There is one extremely straightforward rule - if it looks too good to be true then it is.

This is literally the best piece of advice out there, not just specific to a Bitcoin scam but scams in general. Ask yourself what would they get out of giving you a crazy deal and why would they not just manipulate the deal for themselves? Why do they need you? etc.

There is no real a technical way for us to know if some offers about Bitcoin is a scam or not. It is just a matter of our decision and knowledge. And it is true that we always need to be suspicious on the program or project that could probably a scam and could be a result for our loss in terms of bitcoin.

[laris2]

1) Do a background check
2) If something says you its too good to be true, most likely it is
3) Are you feeling the hype?
4) Are huge profits guaranteed?

[waru96]

fully of bad news and they are trying to fomo us very much and as ico they are not having any http links ..i think there us lot ways to spot and you may google it can find it also

[Sileni]

Same as any other scam;

If you find yourself with a potential for huge profit but the underlying scheme is opaque, you're about to be scammed.

[valucash]

One good reason, China had to block ICO's, it's a fertile ground for scams.

[Blamsud]

One good reason, China had to block ICO's, it's a fertile ground for scams.

Chinese investors will not let themselves out for the trendy way now how to have bunch of money. Maybe when they find out how to detect a scam ICO, they might back in business real soon.

[sheamus10]

1) Do a background check
2) If something says you its too good to be true, most likely it is
3) Are you feeling the hype?
4) Are huge profits guaranteed?

I want to ask sir?
what is meant by the hype whether this is also one indication of scam in bitcoin world, I am very curious about this discussion.
because the scam is really very harm us all.

[energycom]

There is one extremely straightforward rule - if it looks too good to be true then it is.

On top of that always google site:bitcointalk.org 'subject' and see if anything comes up. If nothing at all comes then that's not an encouraging sign.

Risk free returns are impossible. If there was a legitimate interest paying Bitcoin option I can guarantee you every single Bitcoin on Earth would pile into it instantly as they're all sat doing nothing. There is literally not one on the entire planet.

Lending on well known exchanges has enough risk, let alone all these bullshit ponzis. Have you been offered a specific 'opportunity'?

Also google 'coin name scam'. If other people are having problems with that coin, they will have written about it and it should come up when you google.

This is surprisingly simple but also a good piece of advice. Google is a very powerful tool if you know how to use it correctly. Also, for the most part, coins are scams when they seem too good to be true or when they're fudging numbers. Always use your intuition to see whether or not a deal seems too good to be true.

Google doesn't tell you if a project is scam. You need to first make sure the team members have real linkedin profiles known publicly. So that you can trust them. And you need to investigate their background.

And white paper is also vital. It should be original without plagiarism.