He Lost His Investment. See what Happened!

[pawanjain]

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

I don't think you should follow entities or individuals who trade for others. If they are so good at it then they won't require to trade for others.
So the ones who offer their trading services are probably fake.

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

It's quite simple. They are NOT good to do business with. Avoid all of them.

3. Is Telegram escrow system a scam  or not?

That depends on the identity of the person. For example there are people on this forum who offers to be an escrow on telegram.
So verify that the person is genuine by reviewing them on this forum and confirm the same on telegram and then proceed with the escrow.

[1714504685]

1714504685

[1714504685]

1714504685

[1714504685]

1714504685

[1714504685]

1714504685

[1714504685]

1714504685

[Inspiron14]

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam  or not?

1. Dont trust anyone, if they are profitable then they wont ask out other peoples money to be handled out.

2. Dont trust them because they are just shitting out newbies who do believe that these things are possible.

3. Most of the time, anything been showed of on TG are scams (not all but majority of them) So be careful!

in essence we must be able to think logically to see and assess it all. Don't be tempted by the promises that are made. they act as marketing, not pro traders, and of course their words are very sweet to hear, until finally they get customers who are in their grip. Don't let us realize it behind our backs to cause disappointment because of our own mistakes. learn so much from people's experiences that we don't need to do it

That I think is why knowledge is very important because so that we are not easily deceived by promises that have no basis,
on the other hand we really have to think logically which is good for filtering things like that

[Mr.right85]

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

There is no particular way to evaluate for legitimacy when it comes to trading and platforms, at least non that I know of. That's why it's always best that yiu trade for yourself.

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam  or not?

I think the question here is, what difference would it be between some self proclaimed professional on telegram, pasting proofs that are either unverifiable or perhaps some reposted content just to prove professionalism and the trader for which your friend invested and it went rogue.

At least, in your friends case, his got the trader to make case with but for telegram, you've got no where to turn. Once your blocked, it's case closed! Depending on people to trade or serve as escrow for you online could be damaging. You can seek out credible camapign managers on the forum and should exercise a lot of caution too.

[Fivestar4everMVP]

In reply to the Ops post...

This exactly has happened to me and a friend of mine, he claimed to be a professional trader and we both believed him and invested some amount of money with him, he payed us for the 1st month and asked if we want to invest more, we said we would love to but not at that very moment, that we would probably invest more after we get our second or third payment, that was how the idiot vanished with our money.

I learnt a great lesson from this, and the lesson is that, no real professional trader will go out seeking investors to trade for, this is the real fact, any body telling you he or she is a professional trader and that you should invest so that he or she will trade for you is a professional scammer, don't believe them, they will just take your money and run away.

It is actually far better to learn trading and trade for yourself than trust some scammers with your hard earned money in the name of trading for you, trust me, even if they pay, it will only be for some time, it won't last, the two times I tried this, I lost my money, I learnt my lesson the hard way.

[Smartvirus]

He told me how he invested some of his savings to a particular bitcoin trader in the place where he lives.

The professional trader promised to pay profit monthly which is supposed to be a fixed ROI.

It happened that the traders was actually faithful to the promised payment for a certain period.

But, the trader took the money invested with him and use it for other investment. It happened that he lost the whole money.

And you wonder why he failed?
At first, the trader seemed to have followed up on his promises and soon got to fail. This is because, most of these traders aren't as professional as they want yiu to believe. There are chances that the said trader must have operated a pyramidal scheme as its done in ponzi. More like, he gives you a portion of your money periodically based on agreed percent and also, might use someone else's money to fulfil his promises. Not like he wasn't doing some active trading, making success and failing as well but, he might not have been making enough success to meet up with his promises. This could push for a lot of pressure.

It's more easier to trade for one's self than trading for others as well. Your mounted with 2 kinds of pressure. The pressure of fulfilling your promises to your investors and that of being successful in most, if not all of your trades. Now, that seems like an impossible task but, its just what it is.

So, he had to push for a more risky trade and maybe more frequently than supposed, not minding the risk before him and ended up in debts.

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam  or not?

There is a an American saying that goes, "walk through a locker room and your sure to find some d!ck"... lol...
I think that pretty much says it for those that hope for any positive investment package or to find a credible trader from Telegram

Best advice, learn to trade yourself.

[Nrcewker]

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

It's your hard earned money right ?
Then why giving other people to invest on behalf of yourself.
This simply proves that you are too greedy that you are not satisfied with little returns(which is way safer then risky investments).
To be very much specific, all professional trader who trades for other people are scammer.
If they were so much successful in trading , then why they again working for other people ?
Just simply use your brain and save your hard earned money.
Hope this helps you OP to understand the situation better.

[Peanutswar]

There's no trader willing to work with you, and they just got a small amount of the total profit come on. It's too good to be true mostly; they do just scams. Newbie traders would like to earn some profit. Another thing is why trusting them instead of make learning on your own there's a lot of information on the internet you can learn basic trading once you know to take a try to your self how hard to commit a decision every trade you want by that you can learn from your mistakes and can make a better version trader of yourself.

[Cling18]

Most scammers are using Telegram and Escrow platforms to look for their victims. They offer promotions that are good to be true and mostly their victims are newbies and beginners. As for me, beginners should focus on gaining knowledge at least about the basics of trading first so they will be able to determine legit over scam promotions. Also, we shouldn't trust people that we meet online and we must always be skeptical.

[Flexystar]

Telegram escrow service? Oh my, I am hearing that one for the first time. This never occurred to me at all and even by reading, it looks way fake to me. I can’t trust on telegram escrow at all because I can’t even trust with whose talking with me from another side of the telegram. Today, automization and privileges to change the telegram usernames, bios, dps etc has got it all screwed up. People are so fake on telegram (or other socials) they would be talking with same person from multiple IDs. I would be way scared to use the financial services using such platform.

[martyns]

Most scammers are using Telegram and Escrow platforms to look for their victims. They offer promotions that are good to be true and mostly their victims are newbies and beginners. As for me, beginners should focus on gaining knowledge at least about the basics of trading first so they will be able to determine legit over scam promotions. Also, we shouldn't trust people that we meet online and we must always be skeptical.

Telegram and Ponzi scheme are the most platforms used by scammers to lured and convinced traders especially newbies into investing with them. These platforms sometimes crashed when you have already invest with them. As for telegram, most scammers use the app to persuade newbies into investing in their fraudulent site. Newbies who are greedy always fall in the hands of scammers and they complained when been scammed. Newbies don't understand the basis of Crypto and they easily deposit coins in other to receive bulky returns from scammed site.

[dunfida]

Most scammers are using Telegram and Escrow platforms to look for their victims. They offer promotions that are good to be true and mostly their victims are newbies and beginners. As for me, beginners should focus on gaining knowledge at least about the basics of trading first so they will be able to determine legit over scam promotions. Also, we shouldn't trust people that we meet online and we must always be skeptical.

Telegram and Ponzi scheme are the most platforms used by scammers to lured and convinced traders especially newbies into investing with them. These platforms sometimes crashed when you have already invest with them. As for telegram, most scammers use the app to persuade newbies into investing in their fraudulent site. Newbies who are greedy always fall in the hands of scammers and they complained when been scammed. Newbies don't understand the basis of Crypto and they easily deposit coins in other to receive bulky returns from scammed site.

Messaging platforms not only limited to Telegram but also in discord as well and other similar places on where there are lots of scammers lurking around which if you are really that dumb then getting victimized would

likely to happen thats why you should really make yourself that aware on how scam works and able to point out on what are the potential things that is currently happening around or on the time you do able to
encounter yourself.

You would be losing investment if you do really make yourself believe on things which arent even realistic or cant be possible.Its impossible for someone not
able to notice that but well there are people who are really that dumb enough.

[Desmong]

There's no trader willing to work with you, and they just got a small amount of the total profit come on. It's too good to be true mostly; they do just scams. Newbie traders would like to earn some profit. Another thing is why trusting them instead of make learning on your own there's a lot of information on the internet you can learn basic trading once you know to take a try to your self how hard to commit a decision every trade you want by that you can learn from your mistakes and can make a better version trader of yourself.

There are many things going on in the market that we need to be careful of. So many persons had lost there hard earned money because if lack of knowledge and selfishness. We need to read and ask questions so that we will not going to fall victim to the same mistake many investors had made. There are so many scammers in the market that are ready to scam people but we need to be careful and knowledgeable about what goes around in the market.

[Issa56]

How a close of mine lost his hard earned money to a bitcoin trader?

He told me how he invested some of his savings to a particular bitcoin trader in the place where he lives.

The professional trader promised to pay profit monthly which is supposed to be a fixed ROI.

It happened that the traders was actually faithful to the promised payment for a certain period.

But, the trader took the money invested with him and use it for other investment. It happened that he lost the whole money.

This became a big case between the traders and the individual investors. As it stands his money and other people's money with him had gone down the drain.

These prompt me to ask some questions:

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam  or not?

I think is high time we stop giving people our money to trade for us, if you dont know how to trade on your own then you learn it, if you dont want to learn then just forget about trading, dont allow anybody brainwash you must of them will scam you. Also dont trust any group giving signal most them of them are fake, if they are really making money from trading they wont ask you to pay first before they starting giving signal they will definitely do it for free and also dont trust all those telegram escrow service.

[24Kt]

There's no trader willing to work with you, and they just got a small amount of the total profit come on. It's too good to be true mostly; they do just scams. Newbie traders would like to earn some profit. Another thing is why trusting them instead of make learning on your own there's a lot of information on the internet you can learn basic trading once you know to take a try to your self how hard to commit a decision every trade you want by that you can learn from your mistakes and can make a better version trader of yourself.

There are many things going on in the market that we need to be careful of. So many persons had lost there hard earned money because if lack of knowledge and selfishness. We need to read and ask questions so that we will not going to fall victim to the same mistake many investors had made. There are so many scammers in the market that are ready to scam people but we need to be careful and knowledgeable about what goes around in the market.

In my experience, we can't guarantee that we will avoid scam projects even if we do our job of studying them and digging their background. I had some few investments before and bought during ICO. I thought I did my job of assessing them as the projects were even promoted by trusted bounty manager. And yet, it didn't stop from the projects to exit without the promised services along with their collected money. So from then on, I learned my lesson. Sometimes it is better to just do the trading instead of investing during their sale, or buy them after few months, and their price is cheaper than their initial price.

[Mahanton]

There's no trader willing to work with you, and they just got a small amount of the total profit come on. It's too good to be true mostly; they do just scams. Newbie traders would like to earn some profit. Another thing is why trusting them instead of make learning on your own there's a lot of information on the internet you can learn basic trading once you know to take a try to your self how hard to commit a decision every trade you want by that you can learn from your mistakes and can make a better version trader of yourself.

There are many things going on in the market that we need to be careful of. So many persons had lost there hard earned money because if lack of knowledge and selfishness. We need to read and ask questions so that we will not going to fall victim to the same mistake many investors had made. There are so many scammers in the market that are ready to scam people but we need to be careful and knowledgeable about what goes around in the market.

In my experience, we can't guarantee that we will avoid scam projects even if we do our job of studying them and digging their background. I had some few investments before and bought during ICO. I thought I did my job of assessing them as the projects were even promoted by trusted bounty manager. And yet, it didn't stop from the projects to exit without the promised services along with their collected money. So from then on, I learned my lesson. Sometimes it is better to just do the trading instead of investing during their sale, or buy them after few months, and their price is cheaper than their initial price.

Gone are the days to those ICO projects which are worth to invest or lets say the odds of hitting successful ones are much higher into those old days compared to now which does have or almost shit projects in the
market thats why no matter what you do then you do still have high chance on getting into shitty project which is really very normal or cant be avoided no matter how well you do make out some research but
somehow having that kind of effort is something better compared into those people who do make out investment without having any analysis or any efforts of research which is really just like on
throwing up your money in the air.

[Slow death]

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

ask yourself:

if they are so good at trading why do they need other people's money? they could borrow from a bank and trade, they wouldn't need other people's money, and also just make calculations that you realize that when they take other people's money they won't be able to constantly make people profit because the market doesn't always bring fixed profit so how could they promise fixed profit?

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

It's all fake, all lies, don't believe it, no one can predict the market with certainty. when they send you these signals the market has already changed and you have no way to follow the change. so the best option is to do the analysis on your own

3. Is Telegram escrow system a scam  or not?

I've never heard of this system. is this something official from telegram?

[Mpamaegbu]

The take home from what happened to OP's friend should be never to believe anyone promising you a fixed ROI. Trading doesn't work that way. Except the supposed trader who is allegedly trading for you is grossly under paying you on investment. For instance someone can drastically reduce the ROI to around 2% – 5%, we can understand that to be sustainable. Sadly, people don't get enticed into investing on such low ROI, though this is more likely to succeed than higher ROI. So, they find a way to promise anything around 30% and above which can't be sustained. Except they resort to ponzi. They get more interested investors in and pay the old ones from newcomers' cash. Repeat the pattern and on and on. This doesn't last as it will crash once there aren't new investors coming in. This is what makes ponzi schemes crash. Anyway, I guess both OP and their friend learnt their lessons and adjusted their perspectives on trading.

[Wexnident]

Never to believe anyone promising you a fixed ROI. Trading doesn't work that way.

This. It's either the trader is underpaying you or it's just a complete scam. There's no "guaranteed" way of profiting when it comes to trading, that's just part of the cycle. No trader has actually succeded by winning all of their trades, it's mostly about them knowing when to pull out or when to accept a loss.

3. Is Telegram escrow system a scam  or not?

I've never heard of this system. is this something official from telegram?

I don't think so no. Telegram is kind of like how messenger/discord works, it's just a way to contact/message other users on the platform. escrow there would still need the cooperation of a third party. There might be bots that act as an escrow that uses a third party though so I'm not sure, just that in the end it's still technically a third party and not telegram themselves afaik.

[Myleschetty]

How a close of mine lost his hard earned money to a bitcoin trader?

He told me how he invested some of his savings to a particular bitcoin trader in the place where he lives.

The professional trader promised to pay profit monthly which is supposed to be a fixed ROI.

This is the area your friend ought to know the trader is trying to scam him because there's no way a cryptocurrency trader no matter how good he was wont make a loss at some point.

It happened that the traders was actually faithful to the promised payment for a certain period.

They are always faithful at the beginning for the purpose of gaining your trust so they can scam with huge money instead of penny.

Is Telegram escrow system a scam  or not?

They are scams and if the escrow is done through this forum there's still hope but I am surprised your friend was greedy of making a profit through crypto and instead of him investing in the market for the long term he entrusted his fund to someone else.

[taufik123]

It's a big mistake to entrust your investment to someone else. even though they are professional traders, we don't know what they will do later if there are no recommendations from several people who have used their services. Always make a good initial deposit every profit you get, and then the investment funds are used for other investments.
Errors like this will be very detrimental, if you really want to use the services of other people, make sure the credibility of the trader is trusted and many people have used his services. making an agreement on a stamp duty is also important so that no harm happens.
For some of the trading services on Telegram, most of them are scams and lead to fraud, there are only a few that are truly trusted but very rare. It's better to learn trading knowledge and use it to trade yourself, it's better or invest in something other than crypto (because crypto will be a lot of risk for them who knows nothing).
 Don't trust the escrow system on telgram, it's a scam. do not risk your money for things that will harm you. Just use the service in general.