Bitcoin Rising, Scams Rising

[teddyelwyn]

Did you ever see the ciphertrace quarterly report? Crazy times but at least we are getting better at finding these issues before they happen https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

[Sithara007]

1.2 million pounds is a very large amount    

many cases of fraud that occur starting from our wrong decisions, whether it's because we are tempted by big profits, we are too trivial or because we believe too much, the price of Bitcoin that current bull must also give us a lesson to be more careful, because this is the best moment for scammers to commit fraud.

I am afraid that the amount is much larger. Due to the pseudo-anonymous nature of Bitcoins, many of the scams may not be reported to the authorities. Another factor that can discourage the victims to report the crime is the lack of clarity of the legal status of cryptocurrency. In case the victim is not sure whether he will be charged for possessing and trading in cryptocurrency without a permit, then he is less likely to go to the cops and report an incident of scamming or hacking.

[Astvile]

Scammers always comes out whenever the bull run is occuring,people/investors are looking for fast way to grow they  bitcoin amount.People easily fall for people who are promoting something to gain profit easy and fast because they are becoming greedy about bitcoin.Same case also happen last bullrun tons of scam reports

[swordling143]

Bitcoin pumps will definitely attract newbies which could be easy targets for scammers. That is why we need to check for red flags before investing our money. Investment frauds usually come with promises of return that are too good to be true. People should be more responsible with their investments and conduct a thorough research first before diving in.

[XCANA]

Bitcoin pumps will definitely attract newbies which could be easy targets for scammers. ~~~

This was exactly what happened in 2017 when the bull run lingers for a long time, many scammers woke up their high accounts on the forum to scam majorly Newbies because of their greediness. The recent rise or surge in the price of Bitcoin will definitely call for scammers, so, those involve newly should be caution concerning the possibility of be scam. 

[Genamant]

Bitcoin pumps will definitely attract newbies which could be easy targets for scammers. That is why we need to check for red flags before investing our money. Investment frauds usually come with promises of return that are too good to be true. People should be more responsible with their investments and conduct a thorough research first before diving in.

Thats true newbies are really the target of this scammers,  some of the new investors getting into crypto lack of proper knowledge

[okala]

Bitcoin pumps will definitely attract newbies which could be easy targets for scammers. That is why we need to check for red flags before investing our money. Investment frauds usually come with promises of return that are too good to be true. People should be more responsible with their investments and conduct a thorough research first before diving in.

Is it only newbies that are targeted by scammers because no matter what your level of knowledge is if you are too greedy scammers will always get at you, the market have been on bull run in this recent days and scammers always look out for such opportunity to scam people of there hard earn money.

[kingpin4321]

Guess the trend would change now the bitcoin rising drama looks to be coming to an end.
The market has started plummeting and fast at that now the new trend might be bitcoin is falling. well thats the cryptocurrency market for you

[Pamadar]

Bitcoin pumps will definitely attract newbies which could be easy targets for scammers. That is why we need to check for red flags before investing our money. Investment frauds usually come with promises of return that are too good to be true. People should be more responsible with their investments and conduct a thorough research first before diving in.

Thats true newbies are really the target of this scammers,  some of the new investors getting into crypto lack of proper knowledge

With those roller coaster ride with destiny needs to be well understood, scammers are working hard to wait for another prey, they are really making attractive offers things that can't be declined by a investors who didn't pay attention with their security, it's easy for scammers to process more new ways of scamming offers best to deal with it with good knowledge to avoid being victimized.

[Sithara007]

With those roller coaster ride with destiny needs to be well understood, scammers are working hard to wait for another prey, they are really making attractive offers things that can't be declined by a investors who didn't pay attention with their security, it's easy for scammers to process more new ways of scamming offers best to deal with it with good knowledge to avoid being victimized.

It is up to us, to remain vigilant. Never be complacent with your coins. And before investing your heard earned coins in to any new project, study about it thoroughly and go through the posts here in Bitcointalk. Reviews from other websites can be faked. But here in Bitcointalk, the admins make sure that only the honest feedback is allowed to post. Before you invest in any crypto-stock, ICO or any other venture, please go through the thread regarding it here in this forum. If it is a scam, then you will come to know from the responses.

[Msworld83]

When I see all these fraud of a thing attaching thselves to bitcoin I keep wondering why they can't just use little of their time to learn on trading of even start with bounty to.move high in near future as the technology is still very low to what it will become in near future .

But all they think about is getting rid of people with their hard earn money which I think is the worst thing seeing attached to bitcoin and blockchain technology and some that don't know much will never believe bitcoin has nothing to do with it but the bad guys are just using it as a means to get rid of the person.

[michellee]

Scams will always be there with or without we want. They will try everything to get people's money, and they will always trick them, and sometimes they are spreading fake news to the public. As long as we can stay calm to know what is going on in around us and we can always check the news from many sources, I think we can prevent from getting scam by them. We need to be careful in any situations, and we need not to panic if we saw something bad is happening so we can think about the way out and save ourselves.

[BitBustah]

Scams are depressing but these people are usually in really bad poverty and have no other way out.  Its unfortunate but maybe we should trying to tackle the root cause of the problem first.  There is no need to have thousands of billionaires around the world when people continue to starve.

[MiguelCryptoss]

Basically outside the forum, the recent upgrade on the cleaning process on the forum would suggest to one that, the forum in this process has won a battle of active scam around the forum becasue many accounts that are fond of dubious activities like plagiarism, account hack and unquestionable activities within the forum. Those scammer who where waiting for the bull run to come back their illicit activities will be disappointed. Bitcoin will rise and here will be free from scam(minimally).   

[indrakusumaindra]

This is not something new, since bitcoin was created it had been a way for some scammers to get people's hard earned money. Cryptocurrency is their best resort due to it's decentralization and anonymity. With it, they can easily steal and escape without even getting their real identity disclosed. As long as you know how to secure your funds and what to avoid in crypto for you not to be scammed, there's not much to worry. Just stay safe everytime.

Yes many people use this good market condition for their own good and i do think as a smart investors we should analyze every aspect and also there is much regulations that could prevent the fraud and scam in crypto world. So i do think there is no problem and just be aware and be smart when it comes to investing.

[sumangs]

Criminals especially scammers always take advantage on the bitcoin's price and lures gullible people on it. New people holding bitcoin for the first time should know how really bitcoin investment works. If you have non-millennial friend or relative please inform them since it is hard to earn money and then lose it through fraud cryptocurrency investments.

[apkt]

I agree with you, besides increasing bitcoin, scammers also improve. Especially hackers become more active after suddenly pumping bitcoin. Maybe greed is one of the main factors why many people are scammed. For that we must be vigilant and not fall into their trap so that we don't give them satisfaction to continue doing it.

[ghost424]

With the continuing trend of an upward Bitcoin price, we should be expecting more and more incentives for scammers, hackers, phishers and similar people to be trying their best luring people out of their hard-earned money by promising them returns of investment with sky-is-the-limit proportions. And with new people coming in to the world of cryptocurrency, there can be many who can easily fall victims to different schemes leaving participants with empty bags later and some blaming Bitcoin for their predicaments. Newbies and even veterans alike should be careful at all times and always remember that if something is too good to be true then most probably it is...

It is sad that for people in the media any scam that uses Bitcoin as the medium of exchange or currency is labeled as Bitcoin scam but when a scam is using the fiat money it is not in anyway called as the Dollar scam.

Have you been a victim of an elaborate cryptocurrency-related scam that cost you some money? Please share some details here so we can all learn from each other's mistakes...

This is a sad news for new investors because some of them are already giving a large amount of their money into something they do not know how it works. It is hard to earn money but for scammers, all it takes are orchestrated set of lies to make someone believe on what their investing on is true. We should just stay vigilant and learn to work alone unless we meet them personally. We cannot remove these threats in the system because they are also users like us and it is hard to be differentiated from them because they are also anonymous users.

[d1ceplayer]

Actually with the growing price of bitcoins such number of growing scams can too be expected. Peoples are getting wise and their heads are filling up with the scammy or shaddy ideas. More and more advanced means of scamming are been invented to rip people's money apart. Reading this news, I feel upset and also a bit afraid. The funds which we store in bitcoins might not be safe reading these kind of news but keeping the money safe depends on each of the individual.

We have a lot of varieties and options to store our bitcoins into which can be safest and impossible to hack into. Also, the government as well as the media is always in search of "BITCOIN SCAM" and not "DOLLAR SCAM" only because of bitcoins being decentralized.

[Fredomago]

That why peoples need to educate them self first before putting their life saving in the line. When they got scam who will be blame. Better to learn first before invest.

It's all your obligations to prevent being scammed, this investment currency always have a big risk as scammers and hackers are monitoring
every movements they are targeting newbies and if found any possibilities, they will sucked the wallet right away and ended up to hack
and run with your hard earned money.