Bitcoin scams and new Bitcoin users

[kaya11]

They are taking this lightly, and they should be taking it more seriously. This is an example to all of the new incoming investors, they should not rush and learn for themselves, not just listen to some here say or advertisements on the internet. The problem with us is we regret what is already happening and not thinking too far ahead of us.

[TimeTeller]

Dig in a little deeper though and you'll realize that these scammers are the same type of scammers who existed before Bitcoin. They'll simply pick up a new tech and twist the scam around.

Remember napster back in the day? People were giving out free files to infect you. Or paypal free money, or free money for surfing here and there. Pay to watch ads. Now Bitcoin is getting named, but it's nothing to do with bitcoin:)

They are just merely using the name of bitcoin to lure naive people.
They will not stop so long they are still getting money from their scams.
We can't prevent them from doing such unfavorable acts but we can stop ourselves from being scammed.
We need to be alert on what we are doing online and know that every sign up or info that we share online is safe and secure.

[Wintersoldier]

Dig in a little deeper though and you'll realize that these scammers are the same type of scammers who existed before Bitcoin. They'll simply pick up a new tech and twist the scam around.

Remember napster back in the day? People were giving out free files to infect you. Or paypal free money, or free money for surfing here and there. Pay to watch ads. Now Bitcoin is getting named, but it's nothing to do with bitcoin:)

Meaning to say that no matter how new and safe a platform is, there are still people with huge self-interest meant to scam will fool people using that platform. So, if we are to think about getting safe in cryptocurrency, it is the same way as we think of getting safe and secured with our funds, same and same people will do their best to destroy our privacy, and might eventually lead to accessing our funds. Remember, crypto transactions are very easy, so we need to increase our security in terms of personal responsibility.

[wack slacker]

Of course, these are familiar forms but there are still some other forms such as raising funds through unlicensed ICOs or creating sophisticated documents to trap investors.  Not only are new entrants into the market but also long-term market participants.

[barabarian1]

criminals are always on fiat money or cryptocurrency. and always the targets of fraud are those who are new to crypto investment. therefore especially for a beginner should always do research before deciding to join or invest in a project. and for beginners I always advise that bitcoin and cryptocurrency are not the way to become rich overnight.
to succeed in the crypto market we must study a lot and work hard. if we have knowledge, we can avoid fraud.

[peter0425]

It is nice to see this post here and thanks for sharing this to us. Here you will get more about Amu Student Login details to use.

shut up ,stop hijacking others thread stupid.

Of course, these are familiar forms but there are still some other forms such as raising funds through unlicensed ICOs or creating sophisticated documents to trap investors.  Not only are new entrants into the market but also long-term market participants.

sadly?but true because these people are great in such field and victimizing is their expertise so what can we ask for?

but being aware is our weapon to keep being safe from all the tricks offered here in forum.

[bitvalak]

After the boom of bitcoin in end of 2017 it caught eyes of general audience and many people who thought it as a great investment opportunity bought bitcoins and this is now continuing more and more people with little technical knowledge joining the bitcoin community it was essential to happen this for bringing bitcoin in mainstream but with that this made this era paradise for scammers every day many scams come into existing now their number are growing faster and they target people with less technical knowledge of bitcoin they are likely easy to get scammed some of common scams the scammer pulls are :

1. Cloud mining scam where they make users to invest in their cloud mining and give them a very small % of their amount daily and also encourage them to bring more members so they can get extra rewarded after a time when deposit amount starts to slow down and withdrawal amount starts to increase then their threshold they simply vanished.
2. Multi level marketing scam this work as from oldest days just invest an amount bring two more make your own tree and earn rewards starting ones in this scams who are able to get many other people always get profited and 99% of members who are in down ranks get scammed they do the same when incoming amounts slow down and outgoing amount reach a certain threshold they simply vanish.
3. The seed hack scammers are approaching people saying we will teach you how to make 100$ in one hour and you need to give it to us most common people don't know about seed and put their btc in online wallet such as coinbase or blockchain so scammer get their screen shared and make them transfer their btc in a wallet such as electrum and got their seeds screenshots open their wallet in their own computer and transfer the amount people had no idea what struck them .
4. Investment scams deposit x amount and get x amount this is the most common type of scams getting all over the internet it is a small amount scam usually people don't mind to fell in it by giving 5-50$ of amount to these scammers .

These are some examples of classic scams affiliated with bitcoin and cryptocurrencies as bitcoin community is in main stream these types of things confuse people by saying bitcoin is a scam and what ever they try to do with it they ended up in the scam. With their less knowledge about bitcoin it is nearly impossible to make them understand that they are victim of classic scams and it is nothing to do with btc but for these scams they cant go any where or report it they feel vulnerable in using cryptos many individuals trys to point out some scams which get into main stream but this thing need to be done as a collective effort. I propose to have a plat form for normal people teaching them basics of bitcoin as a 9 year could understand all this. because community platform like bitcoin talk have a way to much advance topics which confuse or scare the new non technical people .

Ponzi schemes on a cryptocurrency basis are still in great demand by new users, the reason being that the refund is more than 100% in less than 1 year.
This is often a problem why new users feel a little traumatized by the online business world such as BTC and others.

[MURONDI]

yes, it makes people think bitcoin is a fraud especially for beginners who don't understand the actual bitcoin, even though such fraud had existed long before Bitcoin was made, some people might consider bitcoin a kind of a ponzi scheme, hyip and the like.

[Hamphser]

Scammers are everywhere even if you say that it attracts a lot of attention to them but most scammers were bitcoin users or traders who just happened to want more because of their greediness. And most of their targets were people who doesn't have a single clue about of this innovative technology. Bitcoin has been widely affected by the negative effect of scammers that the government who also happens to no idea about of the bitcoin.

[tracey77]

The more popular bitcoin is, the more scammers there will be, these things accompany each other.

unfortunately, so maybe some regulations are needed... it will help so much. I know that's very time-consuming process but I hope it would happen over time.

[xvids]

Yes people should be aware of this kind of scams in the crypto industry,
Specially those new in crypto they could easily fall for those sweet words they should also learn to do some background check before they invest on anything.
I also think that this is the reason why other people say that cryptois a scam because it is being used as a tool to scam .

[Meowth05]

That worthless scumbag makes Bitcoin untrustworthy to the general public. In my country, Many people know bitcoin as scam because many investment in facebook are using bitcoin as mode of payment.
Many innocent people fall for that and most of them are those people leaving in the province and not fully aware on the risk of ponzi investment. Until now, Many still think bitcoin is scam and
they are afraid to buy. This scumbags legacy is really hard to erased. 

The use of Bitcoin in a harmful scheme such as Ponzi is inevitably to happen due this currency anonymity so it cannot be tracked down easily. In our country as well when some folks heard Bitcoin they have negative annotation regards with this technology because of our local media. Moreover, most of the newcomers in this industry fall out in this kind of scheme that is why we should notify them regards with these activities so that we could make a slight difference about Bitcoin's image.

[Ayiranorea]

I've fallen for the multiplier scam earlier, and that was my fate to loss. Accidently came across an YouTube video describing about the multiplier software where the funds were deposited and received in multiples after short time when the software keeps running some programs. Later I was very sure not to try with any such schemes, and further my focus is on studying more about different cryptocurrencies for a better future profiting.

[jets567]

Scam is happening in real-life and in crypto-space, scammers won't stop until they get caught and put behind bars. It just happen that Bitcoin is new and most of the people on earth have a very limited knowledge about it but for scammers this is an opportunity to get easy money.

I propose to have a plat form for normal people teaching them basics of bitcoin as a 9 year could understand all this.

I absolutely agree with you but for me it is everyone's responsibility to research first before entering into anything that is new to them.

[airdnasxela]

Scams are everywhere here and we cannot remove it, what we can do is to escape and prevent ourselves from it. Beginners are the one who are more likely to be scammed since they're still lacking knowledge and they are still exploring the world of crypto. That's why they still need someone who will guide them. Being aware of these kind of scams are a good factor to prevent yourself from those scammers...
I believe that asking here in forum will help a lot of beginners to learn various information. And this forum is a good place to ask advices.

[panganib999]

Bitcoin had a meteoric rise making it on the mainstream and capture interests of the masses including scammers. As bitcoin rises, the population of scam victims also rose together with it leaving most of us wonder why do people still get theirselves into such mess despite of the huge and loud call of awareness against them especially here in the forum. All kinds of people saw bitcoin's value bringing out both good and bad in human nature, and with the bad it showed up with scammers also wanting to profit out of bitcoin amd they mostly target innocent and gullible crypto users making them lose their coins, then include theirselves with the increasing list of victims.

[Dilladupak]

if for me, actually bitcoin is not a new user fraud, I think new users before putting money into crypto, it's better to understand the procedure for making money from crypto, so you also don't think that bitcoin is a fraud.

[DreamStage]

The one that mostly abuses these type of scams are double coiners.
One is incentivated into investing from their own pocket into some pronzi and waits for a double return of his investment.
User starts to feel confidence in achieving such profit due to first withdrawls but later on realizes he will losing everything he invested into.

Just read all sorts of information on the internet and feedback specially from bitcointalk.
Search always for topics like:

- https://bitcointalk.org/index.php?topic=5130480.0
- https://bitcointalk.org/index.php?topic=1205533.0
- https://bitcointalk.org/index.php?board=83.0

[ice098]

Scams are everywhere here and we cannot remove it, what we can do is to escape and prevent ourselves from it. Beginners are the one who are more likely to be scammed since they're still lacking knowledge and they are still exploring the world of crypto. That's why they still need someone who will guide them. Being aware of these kind of scams are a good factor to prevent yourself from those scammers...
I believe that asking here in forum will help a lot of beginners to learn various information. And this forum is a good place to ask advices.

We can now avoid it because we experienced that already. That is the good thing experiencing something so that we will never regret the things that happen year ago. There will be a lot of scam in this era , but the thing is dont become a fool again so that we will not suffer too much. We should learn from our mistakes and never do it again.

[finaleshot2016]

Scams are everywhere here and we cannot remove it, what we can do is to escape and prevent ourselves from it. Beginners are the one who are more likely to be scammed since they're still lacking knowledge and they are still exploring the world of crypto. That's why they still need someone who will guide them. Being aware of these kind of scams are a good factor to prevent yourself from those scammers...
I believe that asking here in forum will help a lot of beginners to learn various information. And this forum is a good place to ask advices.

We can now avoid it because we experienced that already. That is the good thing experiencing something so that we will never regret the things that happen year ago. There will be a lot of scam in this era , but the thing is dont become a fool again so that we will not suffer too much. We should learn from our mistakes and never do it again.

If there are precautionary measures then we can prevent scam and be safe from it. It is true that scam is everywhere but if you have the learnings not to be a fool again and be an observant user then your safe. In the bitcoin community, there's a lot of scammers here and their targets are those beginners. So if you are a concerned user of this community, try to create a thread that will distinguish scam and legit.