A trap of how newbies get scammed

[sujonali1819]

Today I will introduce you a common way/trap how newbies get scammed by some dishonest people. So I will share about a site that I got in the social media.

First, see a screenshot of how the site is promoted in the social media

How greedy the offer is! Free 0.06 BTC. How unrealistic the offer is! So anyone who is newbie and searching for earning ways in the internet can belive this and try to register to get the free money. I have also registered to see and reporting here.

This is the dashboard



It's showing 0.06 BTC in my wallet but it has no value   Let's see what happen when I try to withdraw..



It's showing you have to make deposit to join their bounty program before withdraw any fund. Now let's see how works the bounty event.



I have not anything to say here really. Maybe you can not see this reward plan in night dream. Even they will sent the bonus amount directly to you bitcoin address. So atlast you can see,

1. No value of 0.06 welcome bonus
2. You will be forced to make a deposit to withdraw the fund.
3. You can not withdraw it
4. You can not get any bonus when you make a deposit
5. You can not withdraw your deposit fund.
6. You will lose your invested money and your valuable times.

Some suggestions regarding these cases

1. Don't believe these type of offers even if your friend try to introduce
2. Don't think internet is a money maker machine

Then the question is why people are promoting this? You get the answer when you go the affiliate page where they said people will get 50% commission. So if your referral deposits 10 dollars you will get 5 dollars. But the reality is you and your referral both will be scammed. So don't try to promote these sites also.

[20kevin20]

Deposit 0.001 BTC and earn from 1 to 10 BTC in return .. whoever falls for this is silly tbh, if this one was legit they would've probably needed all the existing BTC and still not have enough to cover the participants' earnings

[jackg]

Also if you find a site that pays you to recruit more people and it isn't like a small commission based thing - just don't bother... You'll most likely both get scammed.

[Coyster]

Then the question is why people are promoting this? You get the answer when you go the affiliate page where they said people will get 50% commission. So if your referral deposits 10 dollars you will get 5 dollars. But the reality is you and your referral both will be scammed. So don't try to promote these sites also.

50% commission of whatever who you referred deposits is too good to be true, that's if your referral deposits 1000 dollars, you get 500 dollars, lol, could making money be any easier . The people still referring their friends to this, could it be they haven't tried withdrawing and found out its not possible, or is it just different members of the scam team that's still promoting this scam on social media platforms?

[Charles-Tim]

1. No value of 0.06 welcome bonus
2. You will be forced to make a deposit to withdraw the fund.
3. You can not withdraw it
4. You can not get any bonus when you make a deposit
5. You can not withdraw you deposit fund.
6. You will lose you invested money and your valuable times.

I saw an airdrop, it was through a channel on telegram, I joined and promised to pay $45 freely, out of $45, I collected $25. When I wanted to withdraw the coin that worth $25, I was unable to, they said only vip that pay certain amount in ether that worth $5 would get the the coin for now that the free trade will be 2 weeks after. I have noticed it was a scam airdrop but waited the 2 weeks, no coin receive, it was actually fake and scam and those that pay the vip fee lost their ether for sure.

[JeromeTash]

Then the question is why people are promoting this? You get the answer when you go the affiliate page where they said people will get 50% commission. So if your referral deposits 10 dollars you will get 5 dollars. But the reality is you and your referral both will be scammed. So don't try to promote these sites also.

It all comes to ignorance and greed. You will be surprised by how many people still think one can make money on the internet without investing on anything. Those Facebook bitcoin and Telegram groups meant to discuss bitcoin and cryptocurrencies are these days only  filled with referral scam and spam

[Harlot]

Bottomline is if anyone is offering up "FREE" cryptocurrencies but it requires you to make some kind of deposit before you receive that amount for "verification" purposes or for any reason this is most likely a scam. Why? Because there advertisement of "free" already is fake as it requires you to do some kind of risk in depositing your own money so that you can receive it but don't be fooled you won't receive anything and all there after is just your money. Investments like this really don't exist and no sane company will be giving up free money just for you registering/joining their service.

[BitMaxz]

Recently I have two friends asking about different investment sites; the one is the same as this, and the one is likely the same as a pyramid scheme(I think they both Pyramid scheme). All of them need to invite someone in order to earn and to withdraw. If you are lucky, you can withdraw, but in the end, you will still lose without withdrawing the amount you deposit.

Since the bitcoin price jump a few hours ago expects to many scam investment/pyramid scheme coming and I believe soon many scammers will pop up because of this price jump. It is likely the same as before that there are many investments and scammer pop up everywhere during the longterm bitcoin price bubble. So I think it can happen again if the price bubble continues.

[Rengga Jati]

Many more scams are coming these days using new ways or even old ways to get more new victims. Well, we have been so popular with this kind of scam. But for the newbies or people who do not know about this kind of scam and they are greedy? they will be trapped very very very easily with this shit scam.
Well, Actually, we can see their pattern of scam.

This kind of scam is really usual where:
1. the reward is very high and it is very tempting. for greedy people or for newbies, they will be traped so easily because they think by doing this, they can be rich so easily. This is how this scam really works on newbies or greedy people without analyzing the case.
2. We must deposit first to be able to withdraw the coins. We must really avoid this kind of scam. If it happens, it is really a scam and we should not send a single cent of money to them, whatever they influence. They are absolutely scammer.

[sheenshane]

We have seen different scams scenarios these days, it might because people were stayed at home and didn't have job to sustain their daily needs. So everyone looking and find ways even it is illegal. We must be vigilant at all times.

I'm allergic when it comes "investment", I know that this is prone to scam and probably it starts with a Ponzi scheme fraud. When someone offered doubled your fund in the easiest way, be cautious at all times because you will never know you have been trapped by scammers.

Imagine, as a promised of deposit small amount and you will get bigger amount of what you have deposited. Just a common sense to spot scammer's activity.

Anyway, thank you for your compliment against scam OP.

[Velkro]

Deposit 0.001 BTC and earn from 1 to 10 BTC in return .. whoever falls for this is silly tbh,

Yet it works somehow, heard too many stories about it already.
Why? Because people hate missing opportunities. This is their biggest fear, not loosing money but loosing opportunity.

Protecting yourself from that feeling, is first way to harden your Bitcoin security in this case.

[crwth]

I don't know if it completely the scammer's fault but the user themselves. Believing in something this ridiculous could either lose every bitcoin that you have or land in jail if the law enforcement in the users country is not allowing that. For example, the Ponzi schemes that appear everywhere, taking everybody's money foolish enough to have downlines, etc. I think the best approach to this is education towards people not to invest in this type of scheme.

[Little Mouse]

If something is too good to be true, than it can not be trusted at all. There are a lot of this kind of sites and a lot of newbies still promote this to scam them. The problem with newbie looking for making money is they want instant money and as a result they fall for it. They never think of verifying how can this be possible even.

[Lorence.xD]

I don't know if it completely the scammer's fault but the user themselves. Believing in something this ridiculous could either lose every bitcoin that you have or land in jail if the law enforcement in the users country is not allowing that. For example, the Ponzi schemes that appear everywhere, taking everybody's money foolish enough to have downlines, etc. I think the best approach to this is education towards people not to invest in this type of scheme.

I did a thread about the victim's accountability and I completely agree with what you are saying, maybe the first time is a slap on the wrist for victim but the second time or worse the third time, you have to be asking whether they really deserve some help or they are just all too gullible and greedy. Educating people is a taxing work to do, imagine yourself preaching different types of scams and what are the red flags and how to prevent from falling for it, and all you get is few listeners and yes you might get some audience but most will forget the lessons next day, it is very heartbreaking that some people just brush off this kind of stuff. In my opinion, the best thing that you can do as an individual is just to say no when the offer is too good to be true, most people fail at these because they either are too anxious to refuse someone or they are too kind.

[hd49728]

The hilarious thing is they charge fee to receive SMS, what the greedy scam. Send btc first and receive more later, that is a classic scam type. The fee to receive SMS is expensive too. And let see how they have option to get free SMS at Remove SMS fee  

I am more surprising to see people still get scammed and suffer financial losses from the scam type.

[libert19]

Idk why but most of these scamming schemes have broken English, it's biggest red flag one can have.

[Eureka_07]

5 BTC bounty for every participant is hilarious.
No one will give that massive amount for just promoting them. Unless we are back in the past when 5btc has low value
This was the real giveaway back then.

Do not fall into traps guys.
Be safe and do not lose your money because of fraud.

[aioc]

These scammers are feeding the greed of some of us and tempting people to go for it, but if you know how this people works I'm sure you will not give in and report it, I have not read or think that for you to join a bounty you will have to pay the project that's outrageous, out of this world paying money to promote a project, these people are insulting our intelligence.

[cryptoaddictchie]

Deposit 0.001 BTC and earn from 1 to 10 BTC in return .. whoever falls for this is silly tbh, if this one was legit they would've probably needed all the existing BTC and still not have enough to cover the participants' earnings

Wow thats huge gain dude Im very interested will send a lot of bitcoin and it will give me fortune( Of course Im kidding). Haha the rate is over 1000x^{nth times} supply of btc would be not enough if all would joined.

Idk why but most of these scamming schemes have broken English, it's biggest red flag one can have.

Probably this is a rush creation and doesnt give much proof reading before launching.

Nice find OP,  I found similar scam scheme before but only you need to input your address. Check this out

[Assface16678]

This is absolutely a scam why does a platform will allow you to make an earning almost 1 BTC above and then just pay for the transaction fee?. If you do this as the creator of a page you are a millionaire and want to spend all of your extra money for other people else you are just a scamming platform. As a person does not have too much knowledge into the world of bitcoin and just knows the word bitcoin and investment only absolutely you will fall on this trap immediately.

These scammers are feeding the greed of some of us and tempting people to go for it, but if you know how this people works I'm sure you will not give in and report it, I have not read or think that for you to join a bounty you will have to pay the project that's outrageous, out of this world paying money to promote a project, these people are insulting our intelligence.

Most of the time I found this kind of platform is on Facebook and telegram. On Facebook most of my friends are believing this platform I don't want to become a villain to their investment but still, I give a warning on them. In telegram most of the time there are a lot of invites even you didn't join.

5 BTC bounty for every participant is hilarious.
No one will give that massive amount for just promoting them. Unless we are back in the past when 5btc has low value
This was the real giveaway back then.

Do not fall into traps guys.
Be safe and do not lose your money because of fraud.

It's like you are a billionaire that you want to give your money to the people and pretending this not a scam with a banner of "secured" and "not a scam".