Bitcoin scams and new Bitcoin users

[makolz26]

That's why don't you ever ever trust easily in bitcoin. You should know more first before engaging with cryptocurrency. Having a lot of knowledge and experience is important for you to know the do's and dont's in cryptocurrency.

Scammers are professionals in fooling people and take their money without even being caught by the internet society. They are expert in taking your money instantly and it is because of your cooperation. So in the first place, try not to have a transaction with a people with least personal information.

Although Bittcoin is stable and the King of cryptocurrency still we should be careful on it, make sure that we are updated all the time, we should always check the news, how market and whales behave as we really don't know what's on their mind. But of course don't too much worry when it is happen, be calm and study the market well.

[AjithBtc]

Whatever the prevailing scenario of the market, it always stands with the people who love taking risk. The market will change in no time, by the time people easily fall for the crash. This panic move from the user will be made use of the large scale investors who are real risk takers in the crypto market. Only users who have the mind to risk and the people with luck are the bitcoin millionaires.

[Polar91]

That is really the greatest risk today. Its overwhelming and proud to think of how much bitcoin had been this far. However, there are people who take advantage of it. There's no really perfect in this world. But those imperfections are sometimes done by opportunists who are always planning to destroy good things and take it to there advantage. Hopefully the security and risks management teams of crypto will look solutions to these cases.

Well, they could be considered toxic to the cryptocurrency space. I do believe that we are already been widely accepted even with the government if in the first place those people respected cryptocurrency. They've just made the crypto's reputation bad at all. Now, believe it or not but sometimes when I ask someone if they know bitcoin, they sometimes told me about it is a scam currency which in fact not at all. This 2020, I am really aiming at promoting good and positive feed back atleast to have positive impressions of people to bitcoin by telling them how to properly utilize it.

[Bim abk]

Whatever the prevailing scenario of the market, it always stands with the people who love taking risk. The market will change in no time, by the time people easily fall for the crash. This panic move from the user will be made use of the large scale investors who are real risk takers in the crypto market. Only users who have the mind to risk and the people with luck are the bitcoin millionaires.

but people who dare to take big risks maybe if they can handle it then they will be able to benefit in it but if not then they will lose their funds. we must be professional if we want to take place with a large risk and certainly ability. maybe if they only have courage they only bet on luck

[Murat]

When you are going to invest in this platform then you must be careful what do you want and which platform you are choosing for your investment, I think it's a common scenario in this bitcointalk forum that many of us know very clearly that cloud mining is not a good segment in order to invest because lots of people have lost their money in here, So you should be aware of this segment for the future perspective, Following my perception, Holding and Trading are both profitable and secure, So you may follow this way.

[dimox]

Whatever the prevailing scenario of the market, it always stands with the people who love taking risk. The market will change in no time, by the time people easily fall for the crash. This panic move from the user will be made use of the large scale investors who are real risk takers in the crypto market. Only users who have the mind to risk and the people with luck are the bitcoin millionaires.

but people who dare to take big risks maybe if they can handle it then they will be able to benefit in it but if not then they will lose their funds. we must be professional if we want to take place with a large risk and certainly ability. maybe if they only have courage they only bet on luck

crypto risk is on user, when they can control theirs, im sure they have all it. basic knowledge and experience is the best for passing it.
luck will come to who want to hard work, to people that die for that purpose.

[imutlinda]

That is really the greatest risk today. Its overwhelming and proud to think of how much bitcoin had been this far. However, there are people who take advantage of it. There's no really perfect in this world. But those imperfections are sometimes done by opportunists who are always planning to destroy good things and take it to there advantage. Hopefully the security and risks management teams of crypto will look solutions to these cases.

Well, they could be considered toxic to the cryptocurrency space. I do believe that we are already been widely accepted even with the government if in the first place those people respected cryptocurrency. They've just made the crypto's reputation bad at all. Now, believe it or not but sometimes when I ask someone if they know bitcoin, they sometimes told me about it is a scam currency which in fact not at all. This 2020, I am really aiming at promoting good and positive feed back atleast to have positive impressions of people to bitcoin by telling them how to properly utilize it.

reputation is important here, if crypto is good then I'm sure people will use it. but if the bad reputation of people will be hard to believe, and especially for crypto regulation by the government there must be studies that support to get regulation from a country

[johant123]

That's why don't you ever ever trust easily in bitcoin. You should know more first before engaging with cryptocurrency. Having a lot of knowledge and experience is important for you to know the do's and dont's in cryptocurrency.

Scammers are professionals in fooling people and take their money without even being caught by the internet society. They are expert in taking your money instantly and it is because of your cooperation. So in the first place, try not to have a transaction with a people with least personal information.

A big issue, I think, is that people all over the world are exposed to the internet (and everything that comes with it) at such speed that they cannot grasp it. Isn't it understandable that they are gullible? Yesterday they could not even talk to people 100 miles away, and suddenly people all over the world promise them free money.

I don't have a solution, and they will have to go through a hard learning phase, but I think I understand why people fall for the tricks of scammers. It happens here (northern europe) as well with older people who are easily overwhelmed. Not saying that all older people are like that(!) but they are easier victims than those who grew up with new technology.

[Latviand]

That's why don't you ever ever trust easily in bitcoin. You should know more first before engaging with cryptocurrency. Having a lot of knowledge and experience is important for you to know the do's and dont's in cryptocurrency.

Scammers are professionals in fooling people and take their money without even being caught by the internet society. They are expert in taking your money instantly and it is because of your cooperation. So in the first place, try not to have a transaction with a people with least personal information.

A big issue, I think, is that people all over the world are exposed to the internet (and everything that comes with it) at such speed that they cannot grasp it. Isn't it understandable that they are gullible? Yesterday they could not even talk to people 100 miles away, and suddenly people all over the world promise them free money.

I don't have a solution, and they will have to go through a hard learning phase, but I think I understand why people fall for the tricks of scammers. It happens here (northern europe) as well with older people who are easily overwhelmed. Not saying that all older people are like that(!) but they are easier victims than those who grew up with new technology.

I notice that some or many people also think that crypto, bitcoin is a big scam well maybe because they experienced it or they have someone they know that experienced it or got a news from others experienced it but when I ask that person why do you get scammed and got broke I don't see a valid reason why they gone through that why? Because they don't totally know what they are doing, what they are entering, and who they are transaction with, and what they are clicking. This was the common problems of the beginners, as a 5-year-old in crypto world or in this industry I know a lot of things and how this world works but after I've heard what they said i synthesized that they don't have a deep learning in what they are doing without a guide or an expert guide they do things out of greed to earn money or anything so the problem is not to blame in those peoples that are scammers or what, the one to blame are those beginners, unexperienced that do things without an in-depth knowledge. Yes there are a lot of scammers, site that are scams there's a lot of them, but not all of them are not like that so it is very important to know where, what, when to engage and who they trust and they can classify it if they have the required knowledge, in short, the key to becoming successful in bitcoin or crypto world is to become knowledgeable about it.

[Savemore]

That is really the greatest risk today. Its overwhelming and proud to think of how much bitcoin had been this far. However, there are people who take advantage of it. There's no really perfect in this world. But those imperfections are sometimes done by opportunists who are always planning to destroy good things and take it to there advantage. Hopefully the security and risks management teams of crypto will look solutions to these cases.

Well, they could be considered toxic to the cryptocurrency space. I do believe that we are already been widely accepted even with the government if in the first place those people respected cryptocurrency. They've just made the crypto's reputation bad at all. Now, believe it or not but sometimes when I ask someone if they know bitcoin, they sometimes told me about it is a scam currency which in fact not at all. This 2020, I am really aiming at promoting good and positive feed back atleast to have positive impressions of people to bitcoin by telling them how to properly utilize it.

reputation is important here, if crypto is good then I'm sure people will use it. but if the bad reputation of people will be hard to believe, and especially for crypto regulation by the government there must be studies that support to get regulation from a country

The reputation of the bitcoin and cryptocurrency in my country is bad, it is all because of the scammers who tarnished the image of the cryptocurrency market. They are always thought that bitcoin is bad and it can use in illegal activities, they are not aware on its important function of bitcoin in our economy. I respected the other opinions because it is the wrong knowledge that they gained from wrong information. We should not just hear the half side of the story, what I mean is we should really understand the cryptocurrency market in order to know what it is and how does it work.

[d3nz]

Investing on cryptocurrencies is really at high risk if you don't know on what you are doing and spending it without knowledge on how market works will definitely put your funds in waste.

And that's why you need to lesrn first how does it works and we all know that a lot of people are taking advantage those new investors and scamming them which is really putting the crypto world in risk and many people may not trust this new technology.

[cryp24x]

Most people want easy money and they fall into the scammers ' pit. And I know it's happening all the time and most people lack awareness about how this investment actually works and that's why they're taking advantage of it and exploiting it as well. So even you have a lot of post about this scheme, people are still entertaining so making an investment even you know there's a huge risk of losing their money.

Well, I find most of your statement a very truthful one. I definitely agree that no matter how we remind every newbies or investors if they really wanted an easy money, then they will choose the easy way which has greater risk from scammers.

[Kambal2000]

Most people want easy money and they fall into the scammers ' pit. And I know it's happening all the time and most people lack awareness about how this investment actually works and that's why they're taking advantage of it and exploiting it as well. So even you have a lot of post about this scheme, people are still entertaining so making an investment even you know there's a huge risk of losing their money.

Well, I find most of your statement a very truthful one. I definitely agree that no matter how we remind every newbies or investors if they really wanted an easy money, then they will choose the easy way which has greater risk from scammers.

That's really what happened if you are too greedy enough with money, you cannot think well, what's on your mind and head is the potential money that you will earn from it, you are no longer thinking about other way, as you are already hoping and praying for it and you already believed in everything what they said although they are missing deadlines, no development etc.

[Asuspawer09]

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 .

Already try a lot of this in the past years invested in the cloud mining and hoping to get a big profit in this in the past years, I did my research about this and it was not really profitable it was not a scam but there are a lot of websites that make this kind of method a scam and that why this things already have a bad image in the community. Also, there are also a lot of sites that you could easily get a profit may be up to 3 weeks they are going to circular the money from the investors and then just going to disappear.

[Maotezi]

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 .

I would like to point out that it would be desirable to introduce that Brand New Members cannot open new Topics,
in most cases they happen to be looking for a loan or some money, or they are seeking material profit on this site.
I agree with what you have stated, and I wish this was not a site for scamer that wants money without work.

[Bitcoinislife09]

Most people want easy money and they fall into the scammers ' pit. And I know it's happening all the time and most people lack awareness about how this investment actually works and that's why they're taking advantage of it and exploiting it as well. So even you have a lot of post about this scheme, people are still entertaining so making an investment even you know there's a huge risk of losing their money.

There are so many scam website online with just circulating the money and making a great payout at the start,
and going to end up and delete their website so that no one could already access the websites, they really pay and made the payout for maybe to gather users and also to influence them to reinvest their payout because it could make their payout bigger in the next payout. I think this is the classic type of scam.

[atjiat]

Already try a lot of this in the past years invested in the cloud mining and hoping to get a big profit in this in the past years, I did my research about this and it was not really profitable it was not a scam but there are a lot of websites that make this kind of method a scam and that why this things already have a bad image in the community. Also, there are also a lot of sites that you could easily get a profit may be up to 3 weeks they are going to circular the money from the investors and then just going to disappear.

To date, the price of Bitcoin is really in the level that Bitcoin miners can really earn very good money, while taking into account the payment of bills for electricity spent.  In addition, given the fact that you will not be engaged in cloud mining, but will make investments in your own bitcoin mining mine, then your income will increase several times.  Due to the great popularity of cryptocurrency among cloud mining companies, there are a lot of scammers.  Well, if we talk about the prospects of Bitcoin in the future, we must first take into account the fact that the cryptocurrency market is just beginning to develop, and Bitcoin today is primarily of interest to investors because of its volatility, and not as a means of payment or as an investment for the long term  .

[SummerBliss]

The stage where bitcoin needs a trust factor among the traditional investors to boost adoption, these scams are increasing at double the rate year after year. This isnt good for the cryptocurrency ecosystem overall. Not only it will create a hindrance to new traders or investors but will also make already existing traders and investors lose interest or trust. Volume is already struggling and in such a scenario these crime rates are not helping.
More emphasis should be given to educate people about the whole ecosystem and make them technically effecient so that they can bypass such hacks and scams.

[n0ne]

Someone who has just entered the market can come into contact with fraudsters in some way. People think that bitcoin is a means to make themselves rich. Scammers can deceive people with these promises. Research is needed first.

Research is much required with anything crypto associated. Bitcoin once served to be a way to get rich, but as the demand kept growing more and more people started to get into the cryptocurrency market. This is the reason why more scammers easily find crypto market a way to scam people. Even after hard research people will get caught into trap.

[Hypnosis00]

New users should be prepared for the fact that everyone wants to deceive them. There are many tips. But new users should get their own personal experience.

I know that was sad looking at newbies been a victim to this devil act but I also think that it better for them to experience that way in order for them to learn and how scammers catch their prey. Scammers are smart but most noobs also smarter and take advantage of a certain offer that scammers give to them. If these new Bitcoiners/users would have time to think before they'll take action, it absolutely they could find out how it goes like that.