Scammers are increasing

[Little Mouse]

With the recent price increase of BTC, the number of scammers are also increasing. Yesterday I saw a few people posted bitcoin doubler scam link on one of my facebook group. Since the price is increasing, such scam method will also increase. Do not trust any lucrative offer you get, please check on google before putting your money.

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[CryptopreneurBrainboss]

Price increase attracts new Investors, which attract scammers wanting to take advantage of their lack of information. The best decision any investor can take during this positive price increase times is, not to be greedy and just hold until your bitcoins. Resist the temptation of wanting to double your bitcoins by either investing in this doublers out there which are just obvious ponzi scheme that are likely to scam you the moment they feel like doing so. Also be cautious of the altcoin popping up as they too can be scam traps.

If you're not skilled enough, don't go trying to outsmart the market by wanting to advantage of the current high volatility of the market. You can easily get trapped as bitcoin can increase rapidly without any prior signs. If you observe it rose over $1200+ in 24hrs meaning investors (wanna be traders) that sold before the rise are likely going to FOMO back and some would had bought within the $9000 - $9400+ price range before the corrections. Just hold unto you coins and don't get pressured into trying to do what you have no idea about (trading).

[Jawhead999]

Yup it was expected by me, just take a look when many fake/scam fundraising or corona shitcoin during this pandemic.

With many journalism, blog, and news predicting bitcoin price will increase after halving (like 1st and 2nd halving) then it will attract people to invest in bitcoin. I think most of them didn't know what is bitcoin and didn't learn about bitcoin first, they just don't want to miss the FOMO

The problem is we couldn't warn all people before invest in bitcoin, but we still can warn people in this forum, bitcoin enthusiasts in social media/group, and our friends. I already warn them before invest in bitcoin, because bitcoin is not an easy thing to predict and the safest at all.

[Darker45]

It is best to dismiss and report it right away as scam. Bitcoin and other cryptocurrency double-your-money offers are scams through and through. No need to check and verify them through Google. Google might only mislead you in the end. Google is not the right place to verify whether a scam is indeed a scam. It is itself guilty of posting scam ads and apps.

[pealr12]

With the recent price increase of BTC, the number of scammers are also increasing. Yesterday I saw a few people posted bitcoin doubler scam link on one of my facebook group. Since the price is increasing, such scam method will also increase. Do not trust any lucrative offer you get, please check on google before putting your money.

we all know that any kind of doubler are scam and with bitcoin ,which is suddenly increasing its price again we will expect huge rise of scammers these days.  Hopefully some newbies in crypto are already educated about this bitcoin doubler scams.

[mk4]

Let's be realistic here. As bitcoin gains adoption and increases in the long term, there will be more and more scammers and hackers. They've existed since forever, and now that they found another industry to take advantage of, especially knowing that they could easily easily get away with the money without a trace, scammers and hackers in the crypto industry is a nothing to be shocked of. The Crypto industry will be A LOT of people's first internet security lesson.

[KrisAlex18]

As the value of cryptocurrency increases, the investors and traders increase as well and the hackers will see this thing good for them because they will have more victims for what they are thinking to do, which is to hack or to gain access on the accounts of some people. Hackers are everywhere they have so much knowledge about technology so they can do something just to gain access to your account.

Always make sure that your account is secured enough to protect it from hackers and carefully visiting some websites will also increase security because there are many fake websites that will get your information for some purposes.

It is best to dismiss and report it right away as scam. Bitcoin and other cryptocurrency double-your-money offers are scams through and through. No need to check and verify them through Google. Google might only mislead you in the end. Google is not the right place to verify whether a scam is indeed a scam. It is itself guilty of posting scam ads and apps.

Yes, it's true, those things that offers good result for short period of time are commonly the scam. Some says that the money you invest will double for only 24 hours but after 24 hours nothing happens, you just had lost the money you had invest.

[thekrakennnm]

There are a few translations going on daily on YouTube pretending to be giveaways hosted by famous people like Elon Musk etc.
Don't fall to it as well and be careful double-checking everything you see relative to Bitcoin.

[cryptoaddictchie]

These scammers will never stop. We already know that even from the start of this industry weve seen how these scmers grows in numbers. As innovation improve their way of using different type of methods increases too.

Too sad right? There is a topic before I read here about bitcoin being decentralized, but Im just sadden by the fact that illegal activity using cryptocurrency is inevitable. I am a believer as well but too much negativity has been observed and will be seen on the future. It always depend on you how you will evade those tries to take advantage of you.

[UserU]

There are a few translations going on daily on YouTube pretending to be giveaways hosted by famous people like Elon Musk etc.
Don't fall to it as well and be careful double-checking everything you see relative to Bitcoin.

That's been ongoing since late 2017, actually.

[janggernaut]

With the recent price increase of BTC, the number of scammers are also increasing. Yesterday I saw a few people posted bitcoin doubler scam link on one of my facebook group. Since the price is increasing, such scam method will also increase. Do not trust any lucrative offer you get, please check on google before putting your money.

we all know that any kind of doubler are scam and with bitcoin ,which is suddenly increasing its price again we will expect huge rise of scammers these days.  Hopefully some newbies in crypto are already educated about this bitcoin doubler scams.

Sadly there will be always victim from scam method like this. No matter how you warned them, they will still believe in themselves or their friend who succesfully got double from their investment on scam/hyip/doubler sites.  
But actually not about those sites too, there were lot of ICO/IEO scams since years until now, with current bitcoin price increasing, surely there could be more new ICO/IEOs appearing

[Coyster]

I made this thread: The halving Gusto two days ago, and I think it's something similar to the point you're trying to make, there will be more people making wrong decisions this period, it's this poorly thought out decisions that'll make them get scammed. I do not even believe scammers increase in numbers, they only get more victims when BTC price appreciates(and also when anticipated events like the halving gets traction), that then makes it look like more scammers were introduced to cryptocurrency, while actually it was people's greed and "get rich quick" ideas that caused it all.

[hatshepsut93]

If there's already an increase in scams, you can expect it to only get worse as the market becomes more and more bullish, after all we will very likely enter a new bull run similar to what happened in 2016, and more new people means more opportunities for scammers and hackers.

Let's be realistic here. As bitcoin gains adoption and increases in the long term, there will be more and more scammers and hackers. They've existed since forever, and now that they found another industry to take advantage of, especially knowing that they could easily easily get away with the money without a trace, scammers and hackers in the crypto industry is a nothing to be shocked of. The Crypto industry will be A LOT of people's first internet security lesson.

And this is really sad, because with crypto it's easy to lose all what you have, so many times I've seen users saying that they lost all their coins when they installed a fake wallet or their exchange got hacked.

[mk4]

It's even worse due to current pandemic which affect economy and many people are getting desperate where people either got scammed easier or become the scammer.

Exactly. Imagine if the economy implodes, and for example bitcoin rises in price like in the December 2017 levels. Assuming a decent number of people moves a good amount of their wealth to BTC, and some of them gets hacked, the damage will be tenfold. Families gets broken, people go homeless, people go hungry, and other very negative stuff. Don't get my wrong, I'd love a good bull run, but thinking of these stuff happening makes me sick to my stomach.

[Taskford]

With the recent price increase of BTC, the number of scammers are also increasing. Yesterday I saw a few people posted bitcoin doubler scam link on one of my facebook group. Since the price is increasing, such scam method will also increase. Do not trust any lucrative offer you get, please check on google before putting your money.

It's not surprise since even if there's no sudden changes to the price of bitcoins you can actually see those doubler and other hyip investments sites created since this schemes are business by scammers. But what the bad thing here is those scams are still promoted since there are still people who live's to earn from referral commissions on hyips and I see so many people doing this especially on social media pages.

[20kevin20]

Some Bitcoin doubler scams I found months ago are still up and running. Even if they were to be dropped, they would return with yet another try to scam us. A scammer will most likely continue their attempts unless someone takes a good care of them..

Anything digitally that gets adopted on a wider level or has its interest increased will become a target to more scams/hackers/malware. It's common sense that a hacker/scammer will want to push their attempts to a larger audience because this is how their chances to succeed increase as well.

[Upgrade00]

The lack of background knowledge on Bitcoin and how it works is one of the reasons people fall easily for scams such as this. Newbies to Bitcoin would be willing to accept any idea sold to them about it, especially if it has the potential to make high returns for them. If you invest in what you don't understand, you're more than likely going to get scammed.

Reporting scammers' websites and social accounts is one way to reduce the scourge.

[Darker45]

Check google sometimes isn't enough since scammer also abuse google ads and use SEO optimization to make their website is in first page.

Exactly! It is actually very possible that Google itself will be the one to lead you to a much more dreaded scenario.

Just hours ago, an article in line with this issue just popped up on my feed: https://cointelegraph.com/news/google-keeps-promoting-crypto-scams-despite-strict-crypto-policies

Anyway, everybody should just be safe rather than sorry. Be generally skeptical when it comes to online investment opportunities. You don't have to wrestle with either a yes or a no after a juicy ROI offer is made. You don't have to go that further. You might end up swayed. Just take note that anything which solicits money as investment online should be marked red immediately.

[BITCOIN4X]

The fraud attempt by the scammer will never end and this has been done for a long time. Various schemes have been carried out and this keeps us careful not to get caught in traps.

With the recent price increase of BTC, the number of scammers are also increasing.

Even they will still make scam attempts when the price of bitcoin dump or sideways.

Also be cautious of the altcoin popping up as they too can be scam traps.

Exactly, many cases have occurred before. Finally, I believe that this thread is very useful if we are bitcoin users. Dont trust anyone online if they are cant prove anything.

[mk4]

Well, these scammers are not choosing any season. They are there for all seasons, bears or bulls.

True, but it's quite evident that they are more active in bull markets as a good number of beginners are flooding into the markets in a bull market. The bull run of 2017 is the perfect example.