How to know if a bitcoin trading is worth trusting?

[bitprady]

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

[1714186335]

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[1714186335]

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[CodyAlfaridzi]

I'm certain that's a scam. Report the group and leave. The offer just doesn't make any sense. If anyone could 10x their investment why would they ask for your money? Besides, trading is not that easy. You just can't make your balance 10x in 5 days.

[Jawhead999]

Hello too
Welcome to bitcoin forum

The first i want to say, this topic should move to trading discussion not in bitcoin discussion

The second, it's to hard to trust the third person for our trading. They can take all of your bitcoin and go leave. I think the real trader instructor not asking the money first, but making the content and the way to trading. 

[ChrisPop]

A rule of thumb would be to use your common sense. Why would someone who is able to double his money in just a few days spend his time looking for people's money? It is an obvious scam and you should acknowledge the fact that 99.99% of this kind of offers are scams. Think about it: the biggest hedge funds in the world are very happy and exalted with a 15-20% annual return and they have many experienced traders working for them and scooping the markets for opportunities.

[msarro]

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

Rule of Thumb in any trading. Never do greed
If they can give you 5000$ for 500$, why they are doing on Telegram group. They must be billionaire and enjoying life.
No need to DYOR on this project. Just leave it, its defiantly a scam or ponzi.

[cabron]

Its too good to be true.

Its usually a scam when someone message you the first especially if its related to crypto investing. Its been proven and all the more because its binary. You can not trust any of those brokers that will actually allow you to withdraw your winnings. Binary trading isn't worth doing in crypto because there is not much coiners doing it and there is no platform trusted enough as far as I know.

[BitcoinHunt3r]

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

There are no 100% profit in investing for something like that, at the end they will only go with your money and you are end with nothing. If you want to make investment or new in bitcoin world, google really can be helpful if you want to learn about bitcoin and trading and strategies in it.

[kro55]

There are no 100% profit in investing for something like that, at the end they will only go with your money and you are end with nothing. If you want to make investment or new in bitcoin world, google really can be helpful if you want to learn about bitcoin and trading and strategies in it.

and no profit comes so easily to your doorstep. You have to work hard to earn it. Traders sit on there computers whole day taking buying and selling positions at different rates using historical data, market speculations and there own knowledge. In trading there is no free meal.

[bangjoe]

leave the group and start setting the telegram so that the op can no longer be added automatically to another scam group. legitimate or not doesn't need to be thought about, even though they provide a separate channel full of testimonials. promotions like this always look pretty, but then they will block accounts that start feeling suspicious and continue to complain.

[xZork]

100% that's a scam, no one can be sure of the interest rate in the cryptocurrency market. Scammers are trying to cheat new and inexperienced people in this market.
They sometimes show you a few profitable trades and try to make you believe that the investment is profitable.
As soon as you invest money for them I guess you will be removed from the group and lose that money.

[minersday]

OMG! do you think people would be crying if such offers were really true lol, then all crypto enthusiasts should be cruising jaguars and rolls royce at the moment. Mahn, never fall for those schemes, they are worthless and don't mean a anything, they are just interested in the little $500 that you have and they play on the greedy spirit of men to lure them into these scams. You are lucky you sought advice in here before venturing.

[acdc]

I wonder why that chat group can sell orders when they just need to use it to make a profit. If he can make a profit as advertised, his job is to think of ways to spend money instead of opening chat to trick new people.
Investing $ 500 and getting back $ 5,000 within 5 days, that's a 10-fold return that is impossible.
It's best to leave the group and warn people not to believe in such people.

[iamsheikhadil]

It's a full proof scam, it's pure like to burn your cash. Please don't invest a single penny on such scams, there is no way in the world to make $500 into $5000 without any effort and that too in such short days. Please do research and invest in legit business and trade wisely.

[Savemore]

100% that's a scam, no one can be sure of the interest rate in the cryptocurrency market. Scammers are trying to cheat new and inexperienced people in this market.
They sometimes show you a few profitable trades and try to make you believe that the investment is profitable.
As soon as you invest money for them I guess you will be removed from the group and lose that money.

That is right, it is pure scam after all. Why will you believe that you can easily double your money in just 5 days by paying them. Newbies are keep becoming victims of the group pf scammers in telegram, they can avoid it if they will ignore the scam groups. Scammers are so smart that they keep attracting many victims that will invest in their scam project, we should not easily believe to an investment that can guarantee our profit because all of the investment have risks and we should always remember that.

[BeManga]

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

it a pure scam there no such thing as sure profit in trading
I hope you don't believe that kind of things
it's better to stay away from that group and report it
if you ever try to invest on it im sure you will lose all your money.

[Rengga Jati]

I am new to this whole bitcoin thing and know very little about it.

Hi, nice to have you as a new member. Please be careful with scammers or fraudsters because there are many of them outside there. They have many ways to deceive people, including offering big profits with instant ways. They target all people, especially beginners or newcomers.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate. If I invest $500, I will get back $5000 within 5 days.

How can he/she guarantee for 100% ROI? And in what way the trader can guarantee to get profits $4,500 in 5 days only? These seem no sense for me. Even a professional/experienced trader shouldn't guarantee profits and surely no exact amount for profit, especially profits just in 5 days.

*I suggest quitting the Telegram group. The trader is likely a fraudster. Do not too easy to trust in instant profits!  

[shield132]

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

It's very funny when someone claims that they earn a lot of money and ask you for some money from you and then promise that they'll give you higher reward. In your case the most funny fact is that person promises you 10x profit in 5 day. Now logically that person have to be very experienced trader for years and if he can profit up to 10x of invested capital in 5 days, then calculate: 500$ becomes 5000$ in 5 days, then 50 000 on 10th day, 500 000 on 15th day, 5 million on 20th day. So, everything is pretty clear.
The reason why I posted this instead of just saying "scam of course" is that I want you to know how you can just easily understand why this may be scam and how to avoid scam offers in future, always do calculation at first.

[jossiel]

Welcome here.

You should already be curious how they could that. There's no such guarantee in trading, it's more of lose than winning especially if you're not the one who trades it. How can you come up with something like that. Don't believe them.

Start trading on your own and don't let strangers from a telegram group manipulate your mind that it's actually happening. Gain experience through your own trades but expect losses on your way but it's a valuable lesson to learn rather than believing with those false promises and wants 15% of fee from you.

[BitcoinHunt3r]

There are no 100% profit in investing for something like that, at the end they will only go with your money and you are end with nothing. If you want to make investment or new in bitcoin world, google really can be helpful if you want to learn about bitcoin and trading and strategies in it.

and no profit comes so easily to your doorstep. You have to work hard to earn it. Traders sit on there computers whole day taking buying and selling positions at different rates using historical data, market speculations and there own knowledge. In trading there is no free meal.

And the opposite of what you said is scammer's target. Because some people who although have capital but not want to work or do something to earn money is easier to be scammed. Because for people, who normally do trading or maybe work to earn income from bitcoin, will be like a lot of people in here who already know if that kind of investment is full of scammers.

[Baby Dragon]

100% that's a scam, no one can be sure of the interest rate in the cryptocurrency market. Scammers are trying to cheat new and inexperienced people in this market.
They sometimes show you a few profitable trades and try to make you believe that the investment is profitable.
As soon as you invest money for them I guess you will be removed from the group and lose that money.

Indeed, they are just trying to deceive you by their promises which is clearly quite difficult to fulfill. Once you have shown them that you are interested, they will take that opportunity to take advantage of you to get the benefits they wanted. Analyze things before making decision regarding your investment, try to learn how the market works and learn from other people's experience because it will guide you to avoid falling into scammers tricks. They usually victimized a person like you who doesn't have enough understanding about investing, it's an advantage for them because some of you doesn't know the things to consider before investing. Trading is speculative particularly these days because of scammers and that is the reason why you have to be cautious because a single mistake can have a huge impact on your investment.