Using a trader from my portfolio

[Kouyoku]

Hi all,

Could really use some advice.
I recently discovered Bitcoin / cryptos. As you imagine my mind was blown and I got my hand on a few different coins.

I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500,  $2000 yields $6000 weekly and so on.

It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.

 
Are these guys all scammers, or can you actually get a good trader to grow your account for their own benefit as well as yours? So far he proposed to open an account on Coinmama and go from there.


I would greatly appreciate any advice, thanks in advance!

Kouyoku

[wajik-tempe]

Becareful for anything that promosing a beyond logic return more than 100% in a short time, most of them are scam and if you really get the profits, it must be a ponzi scheme that always wanted for a new victim everytime, first thing you have to do is to learn from this forum and you can learn trading at tradingview. Jump to the market only when you ready with decent skills and capital

[mk4]

Well, you're right. "If it's too good to be true, it probably is". What you're describing sounds like the typical bitcoin investment scam that's just usually masquerade into different stuff like cloud mining, trading bots, "bitcoin investing", etc. Nothing new to see here.

Think about it. If this trader is so good, why is he looking for money from different people? Personally, If I was a trading genius, I'd most definitely stay in the shadows.

[rijaljun]

Imagine the life would be that easy, no need to have a high knowledge just give someone money and get the high investment returns.

Unfortunately, none of those traders is real and in your case, he is obviously a scammer.

[LouVandetta]

Just don't even try using his service. He is mostly a scammer. Why would you give your money to some random guy from internet that promising a good return of your investment? Smh

Wherever you look at it, it smells fishy enough for you to avoid such thing. You should learn how to trade by yourself. Try looking here and there through this forum, you'll find everything you need to know about trading and all. In here we have tons of threads regarding a beginners trading.

[Wexnident]

Bro, youtube exists. Google exists. This forum exists. Just research and ask questions here, its free, its safe, and most of all, its confusing as hell since theres a lot of answers. Kidding aside though, stop believing these kinds of services, since 90% of them are most probably scams. Only a scant amount are actually legit, and heck, they don't even teach anything that different from what you can learn in Youtubes and discussions in forums.

[GreatArkansas]

Just what they said above, it's probably a scam.
It's likely you are giving your money from other person without guarantees, especially you do it online.
You can't also even sure if their profile is legit or maybe a poser only.
But the good thing here is you ask here before trusting those profiles, it means you smell something fishy right?
Good job. You need more to learn those kind of action, especially if crypto is involve.

[beerlover]

I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500,  $2000 yields $6000 weekly and so on.

It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.

 
Are these guys all scammers, or can you actually get a good trader to grow your account for their own benefit as well as yours? So far he proposed to open an account on Coinmama and go from there.

If I am able to make $500 with the investment of $1500, I might have been busy in making of my $500 and definitely I will not bother about talking with you to convince yourself to invest in my venture. Already I'm able to make 33% of my capital within a week still why should they need to convince you to take part of my venture?

Just think about in this perspective then you will understand why people are working hard to make you richer. You must understand that no one will work for your benefits in the case of everything that they are promising will be true. Trading is not that easier to perform consistently up to the level of 33% per week.

You did not mention about who is going to do the actual trade. Because, there are people they will provide tips and you need to do the trade. That should be fine in most cases. But, some people will ask you to invest into their trading account and then they will disappear because they get your money in the name of trading for you. Bitcoin market is providing very simple way of trading for all of us which must be simply buying and holding bitcoins for years. This will definitely get you big return for your capital. Do not believe into such offers from Internet strangers.

[panganib999]

Just learn learn learn. No need to let those so called traders manage your account for you. The best person to hold and invest your money is you yourself. That way, when sht goes wrong, you have no one to blame right? Close to a 100% chance that its a scammer, and even if there was a 1% chance of him not being one, I still wouldn't risk it. It's honestly both a waste of money and time. I'd rather watch YT and study from there honestly. Easier, and I can adjust it to my time frame as well.

[Theb]

A good rule of thumb for spotting a scam is if they are giving you fixed returns for your money. Like what you have said 500$ will give you 1,500$ and 2,000$ will give you 6,000$ and by the looks of it the scammer is offering you a 300% return a week for such a volatile market which is impossible to do so. The return itself being offered weekly should be a red flag itself since returns that big on a short period don't exist at all even in the most elite form of trading. Don't even think that they are trustworthy just because you come across each other in LinkedIn as scammers are now lurking everywhere even with that kind of site, fake ICO projects also have fake LinkedIn profiles for there non-existent members to make them look like legit. So really you cannot trust everything you see in this industry.

[dunfida]

One rule here on crypto that you shouldnt forget:

"If things are too good to be true then its definitely a scam"
Its better to trade your own money/coins rather than entrusting them to other so-called pro traders because if they
were profitable in the first place, they wont bother on handling other peoples coins/account.

[stomachgrowls]

Think off sensibly and logically.Does someone who is capable on making that money will have the time to offer account handling?

Just like on what other members trying to say here.Its a scam so better stay away if you dont like to lost up some bucks.

[leowonderful]

Even if the person happened to be legitimate, past performance doesn't indicate future success and even a good trader can end up in losing streaks from time to time. There's just an extremely high risk that any account managers you can find online might be scamming you anyways that makes it really not worth the risk or effort to find a legitimate account manager in the first place that's actually got any good knowledge and real experience in the crypto markets anyways.

In short, you're much better off just learning how to trade yourself. It's very tempting to take shortcuts to earn money, but most of the time you end up either losing your money or get scammed.

[goinmerry]

SCAM SCAM SCAM

There is no such thing as someone who will make an effort guiding you from scratch without an attempt of taking advantage of you.

Too good to be true always lead into bad and negative results.

[samcrypto]

Don’t trust them, it can be a 100% scam and if they get the access on your portfolio expect the bad result. Linkedin is also full of fake people, they can easily edit their profile so don’t trust them. If you want to learn trading then do it on your own, instead of paying the fees use it to equip yourself you can go to trading seminars or buy books but never to trust someone to manage your money.

[harizen]

I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500,  $2000 yields $6000 weekly and so on.

Real and professional traders are too busy managing their portfolios so I doubt they really have time on that account management service. And there is no trader, no matter how professional they are, can give you an assurance that they can give you a "guaranteed weekly payment" with that kind of numbers. Crypto is heavily volatile and always remember that.

It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.

Sounds that you are considering taking the bait since you have zero knowledge in trading. Always trust your ability to smell rubbish offers on the web.

So far he proposed to open an account on Coinmama and go from there.

Read this from Coinmama:

Common scams

New scams appear all the time, and nobody has the full list. Having said that, here are some of the more known scams that are currently terrorizing the cryptocurrency industry:

Account managers and brokers. Pretending to keep your interests at heart, these so-called account managers, investment bankers and brokers will obtain your details and, after a while, abuse it. Make sure you've done your research before letting someone manage your crypto assets for you.
Airbnb. If someone is asking you to pay an Airbnb rent or deposit in crypto, you're being scammed. Airbnb does not support crypto payments
Amazon. If you're trying to cancel your Amazon Prime or get a refund, know that Amazon will never ask for your card details over the phone, and also does not support crypto payments

[nicolas1979]

It mean they have control with your account, that's wrong my friend. The main player must be you, if you want to get advice to fix your problems that's fine but all decision and account must be you. Maybe they have good track record but that's not guarantee your portfolio safe. Do it by your self if get tired just rest tomorrow come back again, that's it. 

[Aaroenz0r]

Hi all,

Could really use some advice.
I recently discovered Bitcoin / cryptos. As you imagine my mind was blown and I got my hand on a few different coins.

I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500,  $2000 yields $6000 weekly and so on.

It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.

 
Are these guys all scammers, or can you actually get a good trader to grow your account for their own benefit as well as yours? So far he proposed to open an account on Coinmama and go from there.


I would greatly appreciate any advice, thanks in advance!

Kouyoku

Most of the offers are fraudulent. Now there is another trend: they copy someone's big winning orders and then upload them on their profile. then they earn a lot of followers and they make a suggestion just like you are witnessing, then when they make enough money they will out and delete that profile. This has happened on a lot of social networking sites and never trust people you haven't met. If you do not have trading experience, learn and maybe you will become one of the best traders. No one knows the future, the effort will produce the most worthy results. wish the best to you

[piebeyb]

if you get a profitable trader, you go away from him because actually most of them only take your profit, sometimes what we see from the linkedin profile he is a reliable trader and a professional person turns out to be only unemployed, so my advice is better you learn yourself with see some video tutorials on how to trade crypto on YouTube and never give anyone the confidence to access your money

[Reid]

You already smelled the fishy scent so time to back off for a little. Pause it for a while and learn more.
Read all the replies in this thread of yours and then maybe someone could shed some light with all those questions that you are laid.

Mostly, they are scammers. That kind of amount cannot be made anywhere so it will be a freebie thanks to you.
They will throw sweet words but those are still lies.

Look, trading is not an easy work and you will find yourself at loss most of the time. If they can really profit from it then they are some lucky ones. Even technical analyst do have some losses. Careful with what you are trying to get into. Better DIY.