Bitcoin scams and new Bitcoin users

[White Christmas]

If you think you will make money without any trouble, you are wrong. People want to make money right away, but this is not generally possible. Scams will reach you. They can reach you via Telegram. Start with small amounts of investment.

People will always think on how they will earn money on the very fastest and easiest way so what it is? Then probably this is to cheat other people just to earn a good amount of money in the near future, cheating and scamming people to earn a lot of money is the one that the bad guys are doing just to be them earn in a fastest way. It is very hard to earn money that no one is around you and it is really imposible because as long as the people know that you are earning a good profit from your investment then they will target you to invest on a bad and scamming projects so that they will be able to get what you have earning.

[tbterryboy]

There are lots of cryptocurrency scammers on Twitter and I’m stupid because I almost fell for it, lol.
Well, I almost fell for it because it looked real, they used a handle that was a bit similar to a popular business man and I thought it was his real account. That was a long story. Most people here are not making use of this kind of discussion but learning only after experiencing such incident in real time; that is must be really bad thing and this helps scammers to exist.

People really have to be careful and avoid these scammers as much as they could. This time around I’m not really looking at any other opportunities there are, I just focus on trading and investment. And as for signature campaigns, I do through research before making my choice.

[Shasha80]

It is true that the peak price of bitcoin in 2017 is used as an opportunity for scammers to look for victims, which new bitcoin users
having low knowledge eventually become victims of scammers. And they blame bitcoin in the end. Therefore I am strongly agree
cryptocurrency should be learned from an early age, if it can be included in school subjects. So it can reduce the number of fraud
victims in the cryptocurrency world.

[South Park]

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.

And it is because of this people keep falling in the many scams there are in the market, people want easy money, they do not want to work hard for it and they do not want to come up with their own ideas about how to make money in the markets, they think they deserve to get more money and that somehow the world owes them that money and when they find a scammer they are not suspicious of him they just think this is the opportunity they have been waiting for and then they lose everything they have.

[bitzizzix]

Bitcoin is associated with risky investment or trading and these risky words make it easier for fraudsters to commit fraud and especially the target is beginners, because they think bitcoin is an easy way to get money quickly without based on deeper knowledge and risks that will be faced especially fraud cases which often happens lately.
and besides that even though there are many other digital currencies especially altcoin but everyone only knows it's bitcoin, and from the few coins involved with fraud and making the name bitcoin worse and can affect people who don't understand bitcoin feel afraid to get involved and come back again on very important knowledge.

[angrynerd88]

Newbies should careful from the scams,Most of scam victims are newbies.Bitcoin demand is rising and crypto awareness also increasing but scam projects in crypto also increasing.People switch to Bitcoin to get rich quickly but do not know how to invest or manage Bitcoin wisely and if see ad of any scam project and without knowing it or proper research invest in it and lose all money.All newbies learn about the crypto then select the real platform and invest it will help to safe from the scam projects.

[Webetcoins]

Bitcoin is associated with risky investment or trading and these risky words make it easier for fraudsters to commit fraud and especially the target is beginners, because they think bitcoin is an easy way to get money quickly without based on deeper knowledge and risks that will be faced especially fraud cases which often happens lately.
and besides that even though there are many other digital currencies especially altcoin but everyone only knows it's bitcoin, and from the few coins involved with fraud and making the name bitcoin worse and can affect people who don't understand bitcoin feel afraid to get involved and come back again on very important knowledge.

That is why, we should help those people who wants to learn bitcoin and all its stuff so that they will be aware and they could avoid scam ICO/IEO and projects. We should help each other, if bitcoin continues to pump its price expect that the number of scammers will rise too, and many people will be a victim as well, we should research everything first before making a move.

Not only beginners, even successful traders can get caught by the net of scammers. The difference only lies in the experience both have of the market. Successors have more experience, more knowledge and more awareness so there are less chances of them caught by any such scammers. If I talk about the research, everyone should continue learning in every phase because it never wastes. Do not be afraid of risks because it adds into your knowledge.

[thesmallgod]

Crypto caught the attention of a lot of bad people in the HYIP and what I first realized during the period of crypto run was that many HYIP started using crypto as part of their payment options in addition to other ones such as perfect money, payza, solidtrustpay and others. This did not stop there as many scam schemes are being created with the names of the scheme relating to crypto (e.g Bitdonate, bitconnect etc) while the payment processors being used were purely cryptocurrencies. If you have experience with investing in HYIP before you will know that those behind the scheme are very smart. Today I believe they are the same set of people creating many crypto-related project and throwing IEO on some platforms such as Latoken, exmarket, Crex24 etc. with the major aim of defrauding investors as usual.

[South Park]

Crypto caught the attention of a lot of bad people in the HYIP and what I first realized during the period of crypto run was that many HYIP started using crypto as part of their payment options in addition to other ones such as perfect money, payza, solidtrustpay and others. This did not stop there as many scam schemes are being created with the names of the scheme relating to crypto (e.g Bitdonate, bitconnect etc) while the payment processors being used were purely cryptocurrencies. If you have experience with investing in HYIP before you will know that those behind the scheme are very smart. Today I believe they are the same set of people creating many crypto-related project and throwing IEO on some platforms such as Latoken, exmarket, Crex24 etc. with the major aim of defrauding investors as usual.

Scammers love cryptocurrencies because as we know once you send your coins to another address and you get a confirmation then your money is lost, we need to teach people that a bank is not there to protect them just like what happens with fiat, they are supposed to be their own bank and they need to be responsible about their money or they will lose their coins, most people do not want to take this responsibility and prefer the delegate on banks but soon enough they will realize the mistake they have made to trust in banks.

[Ashong Salonga]

Well, it is true and really indeniable that right after the biggest bull run that have happened in the history of Bitcoin's existence which is way back the year 2017, many people have been driven by the trend to get into buying cryptocurrency specially Bitcoin for the belief that they can get instantly rich on getting engage into crypto community even without that prior knowledge and understanding on how things work on this industry. That scenario turns out to be an opportunity for other people known as scammers to took advantage of the innocence of those new people in the crypto community in which they showcase seem to be reliable projects and related schemes that looks really promising but turns out to be not true resulting to scamming of other people. With that scenario, new users have been victimized and have took advantage with their weakness. So it is really in need that before putting yourself into something you are new about or doesn't know anything yet, better took research to make yourself knowledgeable to avoid being scammed.

[shield132]

this is one of the reasons why majority of the population still think that bitcoin is a big scam.newbies should learn how to research and study what they are up to...its not just a one day big time life event.and as i always say to my friends that shows interest entering crypto dont think that if you invest today tomorrow you will be rich,its a matter of time and patience.and there is no such thing as double your money instant.you need to work for it learn more about it and focus.long patience is a must here.

That isn't a main reason at all for people to call bitcoin scam. The reason why they mostly call it scam is it's price movement. Some people say: They make bitcoin's price growing in order to get people's attention and then suddenly price falls and they make a lot of money, so bitcoin is scam, pyramid, ponzi.
Sometimes they also call bitcoin scam because of that reason which you and OP posted and people say: Hey, I invested on one website that promised me 5% profit daily and it took all my money and went away, so bitcoin is scam, this coin helps scammers and benefits them, not me.

Crypto caught the attention of a lot of bad people in the HYIP and what I first realized during the period of crypto run was that many HYIP started using crypto as part of their payment options in addition to other ones such as perfect money, payza, solidtrustpay and others. This did not stop there as many scam schemes are being created with the names of the scheme relating to crypto (e.g Bitdonate, bitconnect etc) while the payment processors being used were purely cryptocurrencies. If you have experience with investing in HYIP before you will know that those behind the scheme are very smart. Today I believe they are the same set of people creating many crypto-related project and throwing IEO on some platforms such as Latoken, exmarket, Crex24 etc. with the major aim of defrauding investors as usual.

Scammers love cryptocurrencies because as we know once you send your coins to another address and you get a confirmation then your money is lost, we need to teach people that a bank is not there to protect them just like what happens with fiat, they are supposed to be their own bank and they need to be responsible about their money or they will lose their coins, most people do not want to take this responsibility and prefer the delegate on banks but soon enough they will realize the mistake they have made to trust in banks.

To be fair it's not like that nowadays, scammers are caught pretty easily and more frequently so not all crypto is good solution for them.
And if there are people who are looking for chargeback and similar services on bitcoin and really think it has bank's privileges, then they have to forget it. Bitcoin is everything that bank isn't. You have anonymity, fast and low fee transactions, you are your own bank and no 3rd party controls you.

[elenag1242]

That is the rationale individuals need to know that they need to think about the undertakings before contributing, they need to grasp what they ought to know in each task, yet many are excessively insatiable and bitcoin been utilized by con artists, they might alright gives some confirmation that creates the new clients interest and needed to hitch since they provide some verification or altered evidence. Bitcoins simply utilized as medium and its difficult to wipe out individuals who just know is to trick others.

[alizarosa3123]

I've succumbed to the multiplier trick prior, which was my destiny to misfortune. Accidentally went over a YouTube video depicting about the multiplier programming where the assets were stored and gotten in products after brief time frame when the merchandise continues running a couple of projects. Later i used to be certain to not attempt with any such plans, and further my emphasis is on concentrating progressively about various digital sorts of money for a superior future benefiting.

[online73]

Hello everybody. It's no secret to anyone - the more profitable a certain area of ​​activity is - the more this area becomes a treat for scammers. Unfortunately, while this market has not been settled in any way, all that’s around is almost everything is a vast area for fraud. I think that until you become a victim of fraudsters at least once, you will not be seriously afraid of anything. For many years, warnings have been hanging on many sites, but newcomers, with a great desire for quick profit, become easy targets for scammers. Therefore, all of us only have to tell friends and acquaintances about the dangers of the cryptocurrency market. This is just a small projection of life as a whole - adults, people wise by experience, tell the young generation how to live. But until you feel it in your own skin, you will hardly be afraid.

[FanatMonet]

My co-worker easily fall for that cloud mining scam. She invested minimum amount with their package deal and promised to return daily 2% of her investment. Weeks has passed, they are giving the return 2% at first and then it suddenly shut down.

The point here is that she seeked advices from me and she didn't listened. What we should always do to make sure if the site is really paying or not are,

• feedback of the users,
• search for the team (some are bogus),
• their platform (how can they even pay in return without selling any products or without any trading actions?)

Even before, I always discouraged those obvious scam schemes, pyramid/networking or high pay returns. Be vigilant joining those. Awareness is always the key.

Cloud mining was generally an ideal option for various scammers who acted on the principle of an ordinary pyramid, when payments to earlier investors were made at the expense of those who were after them, and so on until they collected the amount that suited them.

[cjcampbe]

High All

Im new in the crypto world and have heard from a friend of an exchange site called Highbi. Has anyone heard of this crypto exchange site and also sells a new cryptocurrency called GISC is this legitimate or a scam and how can you tell if these websites are scams etc.

[nomenclatur]

yes, bitcoin is a place for scammers who try to deceive the newbies who do not yet understand bitcoin most severe Ponzi scheme, HYIP and cloud mining even ico is a place for the fraudsters to obtain easy money usually in the lure of profit in an instant, profit 2X make beginners believe that they want to make a deposit even the scammers promising the victim with the bonus of each deposit beginners do not know that they are targeted by fraudsters they'll realize when they have lost their deposits very sad when these events happen and beginners will be said bitcoin scam fool many people actually they are just victims of unscrupulous fraudsters who try to undermine the name bitcoin as a deposit the place for their fraud.

[rodskee]

High All

Im new in the crypto world and have heard from a friend of an exchange site called Highbi. Has anyone heard of this crypto exchange site and also sells a new cryptocurrency called GISC is this legitimate or a scam and how can you tell if these websites are scams etc.

Lol another Free adds for random Exchange and obviously this Exchange
will just going to start their trading platform
 meaning You are hiJacking this thread for your promotion,Be mature mate and use the proper way of advertising .
anyway i am sure no one will Believe in this exchange as their adds style is cheaper than others ,How can i trust this one?
And about OP?scammers are surrounding the forum now,if you dont wanna become a victim then learn to protect yourself
and stop being greed and lazy.

[pgbit]

Maybe we can say it is the price of bitcoin in today's world but it depends on the crypto market, so we can say that those who have bitcoin users will definitely make a post and you can earn it through trading by depositing through me. It may be increasing day by day but I think the value of bitcoin will be much higher in the next few years So I guess it can never be what it is, so those who use it can definitely use it in this market. Among those of us who started it was facebook, twitter and many types of marketing in bitcoin, but it's a lot. its totally wrong concept bitcoin scam.