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Docbee
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June 05, 2019, 09:34:29 AM |
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Regulation is needed now than never, bad exchanges and scammers are taking advantage of lack of regulation in the space, there is no enforcement body to curtail the autocratic behaviour of exchanges, same as scammers with a lot of freedom to steal from people. |
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Moiyah
Member
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Activity: 630
Merit: 20
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June 05, 2019, 09:42:12 AM |
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Only the most stupid people in this market can believe in the free distribution of bitcoins. 4 years ago it was possible to earn some amount of bitcoins on cranes but not now
Oh well, you can't blame anyone who still falls for this kind of free faucets. I mean, who wouldn't like to earn free bitcoins? Honestly, If you are familiar with freebitco.in, it is still giving away free btc with minimum payouts. If you have a huge patience, you can really earn. Aside from that, I can't still know any websites that are really legit in giving away free btcs. Just always be vigilant giving away our personal infoa to some websites to avoid being scammed. |
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dizzy1996
Full Member
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Activity: 854
Merit: 102
MoonDeFi
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June 05, 2019, 09:48:32 AM |
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Unfortunately, there are a lot of fraudulent projects lately that offer you to earn cryptocurrency for free and when you earn a certain amount they ask you to make a deposit to activate the account and after that you should be banned so be careful.
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panjay
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June 05, 2019, 11:51:02 AM |
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I used to try a "free btc" from google play store, they give us some credits..and when the credits is due we can change it with btc. Almost finish the task they give me, that takes like 1 week, but it's all in vain when I check again about this app, it's all scam all along. So there's no "free" btc, you must earn it somehow.
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Ucy
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June 05, 2019, 09:12:55 PM |
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But do you think this scammers will reduce if there is regulation in cryptocurrency? It has nothing to do with regulation. There are lots of applications that are used to steal fiat currencies from people. Though the scam is localized, it happens very frequently and nothing much is done about it. Cryptocurrency gives us more freedom to prevent this kind of scam unlike fiat |
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SinisterBountyHunter
Copper Member
Newbie
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Activity: 92
Merit: 0
● ● ● CryptoMarketAds &#
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June 12, 2019, 04:26:07 PM |
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There are lot of modus right now roaming around the internet, just for the stealer to have some bite of your bitcoin. As a bitcoin holder, we are fully aware of this instances, I hope you do not expose your important credentials.
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bitstalker
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Activity: 383
Merit: 10
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June 12, 2019, 05:19:43 PM |
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if it is regulated it seems like the scammer will disappear, but other impacts appear to airdrop and micro earning that are similar, everything will be integrated kyc and that will make people leave it especially if the reward offered is very little.
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MbakNarti
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June 12, 2019, 06:04:59 PM |
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What kind of regulation do you think will reduce scammers !? Never mind, the most appropriate way to anticipate a scam is to avoid all the free ones to get coins. The right way to get coins easily and quickly is to buy them. I don't think for now to get free coins easily, because that will make everyone get rich quick.
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forexandcryptoauditor
Copper Member
Jr. Member
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Activity: 1190
Merit: 3
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June 12, 2019, 06:11:39 PM |
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Last year, I also encountered the same problem with fake eth mining mobile app. It was supposed to give a few points after watching adds on that app. After a certain threshold, the prize was 1 ETH. I have wasted much of time and found that its nothing but scam. The app owner just got benefited by showing the adds on the app.
Offcource, regulations will reduce or decrease the activities by scammers to a great extent. The only question is when the regulations will be applied to crypto market and what will be the negative impact from it.
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Nadziratel
Sr. Member
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Activity: 1568
Merit: 321
★777Coin.com★ Fun BTC Casino!
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June 12, 2019, 06:39:13 PM |
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Nobody, nobody, gives us the money for nothing. BTC and ETH can be converted into cash at any time easily. Especially those ones ...
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chocopapaya
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June 12, 2019, 06:46:07 PM |
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In my mind, people are always gonna be scammed and there will always be scammers.
No matter how much regulation you put up, its still gonna happen.
I mean think about it, there are still people falling for those scam emails from Africa.
If someone falls for these "get something free get rich!" type scams, I actually don't feel sorry for them.
They are either too stupid or too greedy to take care of themselves.
The reality is they are probably both.
As far as the free bitcoin apps go, just don't bother.
In fact, I would say don't bother with anything free in crypto, including bounties and airdrops.
Use your precious time to work, save money, and straight up buy and trade instead.
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MMA Rats
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June 12, 2019, 06:53:45 PM |
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Nobody, nobody, gives us the money for nothing. BTC and ETH can be converted into cash at any time easily. Especially those ones ...
I agree with you. the fact that it is free is already alarming and it feels like it's just another reason to lure ordinary people into a trap. |
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mattadc
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June 12, 2019, 07:13:20 PM |
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I know for sure that there is nothing free in this world and it will not be if it gives something for free and still requires something in return for whether it is your personal data whether it is your review or something else but it is definitely not free with forever requires some kind of information some kind of business in return is necessary and safeguarded
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adzino
Copper Member
Hero Member
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Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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June 12, 2019, 07:31:18 PM |
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What else do you expect from something that is giving away "free" coins. Ethereum and Bitcoin all costs money to buy them. Do you really think they were going to give you free coins? They just use the term "free" to grab the attention of the people. And you know people. When they hear "free", they just starts drooling all over. If people are this stupid to fall for those scam, then they deserve to get scammed. At least they will learn something. Fiat currency is regulated. But still a shit loads of scam are out there. The same case will be for crypto currencies. |
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abs350
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June 12, 2019, 07:35:13 PM |
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I as soon as I see that somewhere is written for free, I immediately alarming and looking for some kind of purpose in this kind of message and very often it turns out that the head of something free is a fraudster who wants to get everything you have
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Oceat
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June 12, 2019, 09:41:39 PM |
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I know some newbie will easily fall for this kind of scheme if they don't have any experience of scam before. If someone really wants to earn any cryptocurrency they should have to do their own research and understand the essence of cryptocurrency. No matter what regulations the government makes, a scammer will always find a new way to scam people. |
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Dreamchaser21
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June 12, 2019, 09:44:10 PM |
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If can be reduced by proper regulations, thanks for bringing this one out and it looks like they always have a new ways to scam people. We need to be careful always, always think ahead in terms of security and don’t believe easily. |
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Apes
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June 12, 2019, 11:27:30 PM |
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scammers are everywhere, they are in groups like an organized team, developing various ways to fool users. the scammer action should be stop and the steps taken are to provide clear regulations to narrowing down their space. but the problem is who made the regulation because so far cryptocurrencies are independent and open to broad any development. if a rule is made who will obey it and who will give sanctions. so regulation seems useless.
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MonsterV
Legendary
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Activity: 2212
Merit: 1008
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June 13, 2019, 02:13:46 AM |
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Regulation will help to reduce but they will not completely eliminate because they will find a way to scam people. If they are for scamming, it's already their bread of life and they can't leave it so there must be a way for them to scam people even there's a regulation.
The punishment for such activity should be heavier so that it will put fear to them who have been doing this for a long time. And in crypto world, if there's something that is for free, don't believe it much. There might be some give aways and free eth, btc or other coins but it won't be that much it's mostly a cents give away.
Indeed, regulation will not eliminate scammers maybe it will only reduce it. But the problem is if there are regulations and punishments, then how to find these scammers while crypto is anonymous, not even anyone can trace their whereabouts. And scammers who have pocketed millions of dollars from their victims are definitely not ordinary scammers, they must have understood what they have to do to eradicate the traces of crime, so many countries ban bitcoin because of a lot of money laundering from here, huh. |
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cryp24x
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June 13, 2019, 02:14:55 AM |
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Oh is this really true? I have heard so much about some application that gives free Bitcoin but I am being careful especially when it includes KYC because many people took advantage of this for identity theft. Better safe than sorry. We should research first before we join. Beware guys.
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