Scammers always hunt for the greedy ones

[hatshepsut93]

Greed is not the main problem here, after all, there's nothing wrong with wanting to make money. So many people come to crypto to make money fast, and with good timing it is indeed possible - people who bought Bitcoin half a year ago are not in x6 profit, while those outside of crypto say that Bitcoin is a bubble and a scam.

The key here is to think logically, carefully examine if this is a legitimate opportunity to make money, if the profit is real, or if it's just a scam. In your example with P2P trading it's clear that there's no good reason for buying coins at x3 market value, so it must be a scam. But Bitcoin is growing at unprecedent rate because of real demand.

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[Pokapoka124]

Such scam should be easy to spot on. Nobody is that gullible...even though the crypto space is new and might be challenging to grab on quickly, there's no excuse for losing your money to such scams.
I'd you're selling bitcoin through p2p its best you use Escrow to make the transaction. That way both parties are safe from such difficulties for the both parties. Needless to say for newbies the crypto space can feel like "Alice in wonderland" but it will all come together with time. Ask questions if you are confused or not sure what to do. I believe that's what this section was created for. You can't be a mbee of this forum and still fall victim to scammers. No need to be ashamed if you have been scammed. It has happened to the best of us.

[libert19]

Scam methods are developing rapidly, and a person needs to be informed of all news daily and not to send money only when you are 100% certainty that you are safe. Otherwise, trade with popular platforms that will not scam you because they will lose their reputation.

Scam methods will not stop at Binance but many altcoins are not safe and you need to wait for a long time, such as 10 or 20 confirmations, to be safe.

Binance P2P is not a way to buy/sell Bitcoin as all things can be done with Bitcoin mainnet instead of using that platform.
One of the aspects that make people prefer the Binance is the low fees. saving a few dollars in tx fees may lead you to lose your money.

This is just good old method of taking advantage of one's greed. There is nothing new about it. Plus, I don't think this is binance's fault either, when you do p2p you are on your own.

[robelneo]

who dares pay you 300$ for coins that worth 100$??? Like seriously I don't blame these scammers but the greedy sellers who want to make 2x gain without any work just like that

Don't hesitate to check buyers feedback, some are well rated as they have no dubious attempts in mind

Also do not release coins unless you receive deposit in your bank accounts and also find fair buyers that buys at normal rate, nothing is for free in this world, if something is too good to be true it's 99% certain that it is a scam.

I don't see the logic of paying $300 for coins that worth $100, it's either the seller is drunk or made a huge mistake, if he made a huge mistake then it's a costly mistake, but be still be very careful if you are trading to someone who has this offer then show honesty and confirm if he really wants to trade, and check his feedback, there are people who trap people because of their greed, and if you are not analyzing properly you are likely to fall.

[iamsheikhadil]

It reminds me of a scam that had happened with me, I don't exactly remember the exact amount, the person was offering Bitcoins through localbitcoins at really very cheap price but I was an idiot back then, can't really blame myself either, I was immature and a kid, so the person was selling bitcoin through "offline" as in face to face and in localbitcoins (idk the recent rules) if you purchase face to face, the escrow system is optional and that person sent me a screenshot (fake one) that escrow is on and I can pay, and silly me, I paid and he blocked me instantly. Later, I came to know about it and found on Google he was a big scammer and has done it with many people. He was later arrested as well I guess, and that time bitcoin was like really low in price so my around $50 worth of coins would have been so much now lessons really learnt in hard way and really as you said, greed is lethal and can lead to even death if not controlled in time.

[taufik123]

That's where the trend is happening, for sure the scamers will stand up to trap us all, with currently many new coins appearing and that is ammunition for scamers to create gaps where they can be victims with that greed, I think it's not just you there are still many victims. and fraud that often occurs every day, indeed here we have to raise awareness where when there is something suspicious it should be avoided especially with unreasonable benefits.

Some people try to avoid it and some people ignore it too, unaware of the scammer trap.

The characteristics of a scammer always provide an unnatural and different advantage in general. Looks very easy but gets a lot of results. I learned from the experience that I had, that doing analysis on a project is very important, so that I know the background and type of the project. Always be aware of new methods of scammers, we must also think 1 step ahead of scammers.

[Eureka_07]

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Some people try to avoid it and some people ignore it too, unaware of the scammer trap.

The characteristics of a scammer always provide an unnatural and different advantage in general. Looks very easy but gets a lot of results. I learned from the experience that I had, that doing analysis on a project is very important, so that I know the background and type of the project. Always be aware of new methods of scammers, we must also think 1 step ahead of scammers.

Scammers are always finding ways on how they'll be able to outwit their preys. So for us not to be able to become of of their victims, it is indeed a necessity to feed ourself with knowledge and wrap with security. Scammers always tend to take advantage on their prey's greediness. Be diciplined enough so we could avoid them.

[taufik123]

Scammers are always finding ways on how they'll be able to outwit their preys. So for us not to be able to become of of their victims, it is indeed a necessity to feed ourself with knowledge and wrap with security. Scammers always tend to take advantage on their prey's greediness. Be diciplined enough so we could avoid them.

Everyone has greed, but it depends on how well they control it. Scammers do take advantage of one's greed as well as unwillingness to profit by committing fraud using many methods. There will always be new ways and there will always be new methods, we also have to develop and don't get left behind.

As I said above, we have to be one step ahead of the scammer, it will save us from all kinds of traps.

[ScamViruS]

Everyone wants to take advantage of the opportunity, but you have to see how promising that opportunity is. People come to the crypto market to take advantage of some good opportunities to get something good back. Not everyone is greedy for this, if you get a good opportunity you can definitely use it to get good results. But you have to be smart enough and careful before making any kind of transaction. Because a lot of scammers will try to seduce you by showing you various tempting offers so that you fall into their trap. So you have to understand in advance which is the best offer and which is the offer made for the purpose of scam. If you are aware of scams in advance, you will be able to take advantage of many good opportunities without falling prey to any kind of scam.

[Smartvirus]

So, the trick is basically based on you to have released coins based on trust. That wasn't greed, that was out right stupidity on the side of the seller. A mean, why should you confer such trust on one you do not know and have never met! The success of your activities in the crypto space is basically on how private you keep your details and how you don't trust anyone.
These exchanges go as far as making the release payment or acknowledgement of payment a 2 step process to ensure that your sure to have received and not to have clicked by error means. So, its just some users being too selfless on there part.

[Pokapoka124]

Everyone wants to take advantage of the opportunity, but you have to see how promising that opportunity is. People come to the crypto market to take advantage of some good opportunities to get something good back.  any kind of scam.

Yes you may be right but OP almost became an opportunity to be taken advantaged of by scammers. The idea of a scam is to appeal to your greed. When you look at most scams critically, you will discover that the storyline wasn't that intelligent and difficult to see through but because of the greed of the victims they ignore all red flags and end up losing their money

[dimonstration]

The number of successful trades doesn't mean anything. They could be fake trades the scammer did with his friends/accomplices. Reviews can be faked the same way.
In fact, Binance p2p platform act as an escrow between you and the buyer so you don't have to trust each other. Just don't release the coins untill you receive your payment, as simple as that.

I don't rely also in history of trade when it comes in dealing transactions as it can be manipulated by just simply asking a friend to have a deal. It's good to use Binance p2p for a much safer transaction provided that amount will only be released with your confirmation that its really in your account. Though hassle might come after when they track something suspicious to the account you dealt with so always be careful to whom we deal with when it come is crypto.

[Mr.right85]

Scammers hunt for the greedy onces because they are always in a haste about opportunities especially when it comes cheap. This is just how your greed ends you in a mess you might not be able to recover from, thats if you recover at all in a long time.
Scammers have no definite idea of who the greedy once are and as such, they test everyone the same way until your spotted through your enthusiasm towards making quick money and not willing to follow due procedure. They've thrown this to people over the years, it worked and is still working to this day.

[iamsheikhadil]

So, the trick is basically based on you to have released coins based on trust. That wasn't greed, that was out right stupidity on the side of the seller. A mean, why should you confer such trust on one you do not know and have never met! The success of your activities in the crypto space is basically on how private you keep your details and how you don't trust anyone.
These exchanges go as far as making the release payment or acknowledgement of payment a 2 step process to ensure that your sure to have received and not to have clicked by error means. So, its just some users being too selfless on there part.

I agree so much, while it's so easy to blame scammers for the scamming part, we never actually blame our own stupidity for which we were bound to get scammed now or later, by that particular scammer or by someone else. The only fool will be who never learns even after getting scammed, it's humane to make mistakes and learning from it should be the goal, today we might get scammed for a very low amount, but if we learn our lessons right, we might be saved from getting scammed of our entire life savings later in life, which has happened to many older people who has lost their entire life/retirement savings because they never had experienced scams and hence trusting everyone.

[BITCOIN4X]

The only fool will be who never learns even after getting scammed, it's humane to make mistakes and learning from it should be the goal,

Have you ever heard that someone around you is being scammed twice at about the same time for the same case and problem?
It was an experience my friend will hardly forget when he lost his car. Often someone who is a victim of a scam does careless thing when asking others for help. Their unstable emotion make it easy enough for them to trust someone who want to help them and it has become an opportunity for another scammers to make him a victim for the second time.

In the crypto world, almost all scam case stem from user carelessness. We are responsible for having assets in our wallet at this time, and our carelessness was the culprit when a scammer managed to acquire those asset. Greed often create problem that we don't want, it is very easy for someone to get attracted to ponzi scheme when we are they are very greedy.

[TheMimic1]

who dares pay you 300$ for coins that worth 100$??? Like seriously I don't blame these scammers but the greedy sellers who want to make 2x gain without any work just like that

Don't hesitate to check buyers feedback, some are well rated as they have no dubious attempts in mind

Also do not release coins unless you receive deposit in your bank accounts and also find fair buyers that buys at normal rate, nothing is for free in this world, if something is too good to be true it's 99% certain that it is a scam.

I don't see the logic of paying $300 for coins that worth $100, it's either the seller is drunk or made a huge mistake, if he made a huge mistake then it's a costly mistake, but be still be very careful if you are trading to someone who has this offer then show honesty and confirm if he really wants to trade, and check his feedback, there are people who trap people because of their greed, and if you are not analyzing properly you are likely to fall.

I confirmed it today when I was trying to sell USDT for naira on binance exchange, there are insanely eye popping offers available on binance P2P but it's easy to know that they are scam because few of these offers have a note that sellers must release coins first before they can send them their money which is against binance P2P trade rules, too many people are still in haste when trading that's why they fall for such, if they take some minutes to look very well they will detect that such trades are not safe

[Zilon]

Greed is one of the looter of public and personal funds. Get rich schemes has made many bankrupt and is still Keeping a handfull in debt. You can't be expecting to have a huge return from a little capital. Some scammers go as far as promising their victims 50-100% return on each invesent made which is literally impossible. I would suggest a campaign against scammers should be launched so as to sensitize crypto investors on what to expect and how to apply cautions to their investments

[Coyster]

...I would suggest a campaign against scammers should be launched so as to sensitize crypto investors on what to expect and how to apply cautions to their investments

There have been many such similar suggestions to somewhat protect people, newcomers most especially, but a culmination of the whole matter is that it's impossible to protect everyone in the cryptocurrency ecosystem, no matter what is done or amount of effort made, people's follies will still give them away to scammers.

I suggest people to be well-grounded in the network before investing, by well-grounded, I mean learning security protocols and other whatnots that have to do with protecting their funds, if you choose to be your own bank, you're by extension your own security and no one else can do that job for you.

[batang_bitcoin]

It reminds me of a scam that had happened with me, I don't exactly remember the exact amount, the person was offering Bitcoins through localbitcoins at really very cheap price but I was an idiot back then, can't really blame myself either, I was immature and a kid, so the person was selling bitcoin through "offline" as in face to face and in localbitcoins (idk the recent rules) if you purchase face to face, the escrow system is optional and that person sent me a screenshot (fake one) that escrow is on and I can pay, and silly me, I paid and he blocked me instantly. Later, I came to know about it and found on Google he was a big scammer and has done it with many people. He was later arrested as well I guess, and that time bitcoin was like really low in price so my around $50 worth of coins would have been so much now lessons really learnt in hard way and really as you said, greed is lethal and can lead to even death if not controlled in time.

That's hell of an experience but I'm more concerned if you are still holding a lot by this time. Those offers that we see on P2P exchanges needs to be taken seriously if you're mostly doing trades there. As for me, I don't have to worry about it because I only trade on spot exchanges. Sometimes you'll really going to be tempted doing the trade if you find it beneficial and higher than the others but you shouldn't go in an instant if it's too good and deceiving.

[Oceat]

I wonder if someone has a hunch before making a trade if they think the offer is too good to be true. I guess this comes from an experience but if this is his first trade then the greedy one didn't bother to follow the instructions since he's filled with emotions already. And the scammer is a smart one although compromising their reputation just for a few dollars.

I don't think someone has to fall for that level if they were a reputable P2P traders but if the money included is too big then it's expected that they were ready to go for it compared to what they will receive when trading.

Well, one way or another either one of them might make a move to scam and it's inevitable since greed is involved.