Two strong policies to save your being scam

[The Cryptovator]

For newbies,
As the title said, and already discussed many times on the forum how to prevent scams. Here is two strong policy that would prevent you being a scam.

1. Nothing is free in the world, so don't expect anything for free.

2. There is no such money-making machine that would multiply your assets within a day or month.

Hope you all get the point of what I want to say. Just keep in mind that two policies would save you from a lot of scams.

[Oshosondy]

1. Nothing is free in the world, so don't expect anything for free.

It will be like pay $100, you will get $200 in return, that is a scam.

2. There is no such money-making machine that would multiply your assets within a day or month.

It will be like invest $100, it will yield $10 daily or more, it is a scam.

High return are allows scam, I wonder where the people scammed think the scammers will get the money from, legit businesses can not be like that.

[vv181]

Besides the two points above, I'd like to point out one thing.

Don't give any seed keys and/or private keys to anyone. Pretend that the seed keys are your house or car key, you wouldn't give it to any stranger that passing by and they ask you to hand over those keys.

An exception could be made that if you want to inform your loved/trusted about your assets, so in case bad things happen your trusted one can have the possessions. The last thing is, you also need to have a spare key for it. Store it on any safest possibility method that exists.

[Zedpastin]

1. Nothing is free in the world, so don't expect anything for free.

It will be like pay $100, you will get $200 in return, that is a scam.

Anything that promises you that you will earn money on your investment is a scam. No one can promise you that you will earn on your investment otherwise the whole world would be doing it. There is no guarantees in life and the sooner that people realize that the sooner that they will be more secure handling their money. Bitcoin is an amazing technology which allows you to have complete control over your money but that is not always a good thing because a lot of people do not know basic security and have not got the experience of life to handle their money. I think banks are a good way of handling the money of these people who do not have the maturity to control their own money yet.

An exception could be made that if you want to inform your loved/trusted about your assets, so in case bad things happen your trusted one can have the possessions. The last thing is, you also need to have a spare key for it. Store it on any safest possibility method that exists.

As soon as you give away your seed or private key to a loved one you could be compromised. This is one of the issues with Bitcoin and there is no way of securely handing down your money to your family if anything was to happen without compromising the security of your Bitcoin by giving them your private key while you are still alive and using it.

[hatshepsut93]

The thing is, crypto ecosystem broke those rules for a lot of people and made them more likely to trust crypto scammers. People who used faucets or airdrops and viewed them as free money could then believe in those doubler scams, because they have already got something for free, and they ignore the crucial difference that the doubler scams require you to send your money first. Similarly, people who got lucky and invested in shitcoins during a pump are more likely to believe in "get rich quick" scams like cloud mining or trading groups.

[Upgrade00]

As soon as you give away your seed or private key to a loved one you could be compromised. This is one of the issues with Bitcoin and there is no way of securely handing down your money to your family if anything was to happen without compromising the security of your Bitcoin by giving them your private key while you are still alive and using it.

One way to do this without compromising on privacy or security would be to create a new address and send a time locked transaction to it, with a certain nLocktime, then give the person the private keys to the new address. The address is currently empty, and in an event where something happens to you, they would get the funds at the specified time, except someone gets hold of the spending address and makes the spending txs invalid.

Your private keys to your active address remains secure with you.

[Darker45]

2. There is no such money-making machine that would multiply your assets within a day or month.

It will be like invest $100, it will yield $10 daily or more, it is a scam.

High return are allows scam, I wonder where the people scammed think the scammers will get the money from, legit businesses can not be like that.

In my country, Bitcoin is used by scammers. Anybody who doubts the too-good-to-be-true offers could easily be brought to the charts and the historical prices of Bitcoin and some altcoins and somehow be enlightened. It is probably enough for the doubts of a lot of people to be resolved once and for all once they see that it is indeed possible. Truth be told, the reputation of crypto being a get-rich-quick scheme has some factual basis.

The traditional market and its legit businesses cannot offer what the wild wild west of crypto can. That is why it is hard to instill in the minds of some that crypto or Bitcoin is not a get-rich-quick scheme when in fact the data shows so.

Bitcoin has, for example, tripled its price in 3 months. So if a scammer tells you that he's offering a double-your-money investment opportunity for half a year because he is a Bitcoin trader, there is actually data which shows that is very possible. This is probably the reason why it is hard to combat these scammers.

[tranthidung]

• Beware of "Pay original fine" - a scam method
• Sometimes, it is hilarious if after you make a deposit, you did not see it in your account balance. Then when you create a support ticket, you get a response that you need to make a second deposit to make the first one be credited into your account. It's scam definitely.
• Else, if your account is restricted (for any reason), and you are asked to send fee to lift the restriction, believe me, it's scam too

[gagux123]

For newbies,
As the title said, and already discussed many times on the forum how to prevent scams. Here is two strong policy that would prevent you being a scam.

1. Nothing is free in the world, so don't expect anything for free.

2. There is no such money-making machine that would multiply your assets within a day or month.

Hope you all get the point of what I want to say. Just keep in mind that two policies would save you from a lot of scams.

There are some relevant points that weren't mentioned above, and I'd like to share with you!

• There is no fixed income on cryptocurrencies, it is almost impossible for you to promise a fixed return on extremely volatile assets.

If you are offered, "Deposit 1 BTC and in 1 month you will have received 50% interest plus your Bitcoin, be wary of it, because there are high chances this type of "enterprise"" is some kind of pyramid or Ponzi scheme.

• An example that fits what I said above is, do not trust advertisements/publications by famous people (Vitalik, Bill Gates, Elon Musk and others), if you are offered the following condition, deposit 1 BTC at this address and in a week you will receive double the BTC, this is suspect!

Be aware guys!


Source

Edit: This example has the "modus operandi" that i mentioned above.
Fonte: theblockcrypto.com

Here is the tweet from @Cobra who is the site/domain controller

http://Bitcoin.org has been compromised. Currently looking into how the hackers put up the scam modal on the site. May be down for a few days.

I would like to share this point, because this informations was taken from the local board that I participate.

[cryptoaddictchie]

Point number 2 could sometime invalidated by some of our traders or expert in defi. I am active on Twitter and lately seeing some achievement of their high gains within certain period of time. Well cant believe it right away, but if this is true then there are some could do it in such fashion. I dont know if this applicable for everbody but there are really exception with that policy.

[robelneo]

For newbies,
As the title said, and already discussed many times on the forum how to prevent scams. Here is two strong policy that would prevent you being a scam.

1. Nothing is free in the world, so don't expect anything for free.

2. There is no such money-making machine that would multiply your assets within a day or month.

Hope you all get the point of what I want to say. Just keep in mind that two policies would save you from a lot of scams.

I would like to add moderate your greed and always do your own research, there are a lot of projects that look great on the surface but will end up a dead coin in the long run, don't go for the hype and check if the developers have armies of shills to make the project in a hype.
always check what the project is bringing to the community and what is the reaction of the community on the project.

[YOSHIE]

1. Nothing is free in the world, so don't expect anything for free.

It makes sense, of course, to just go to a public restroom, of course have to spend a few cents.
What else says free up to tens of dollars.

2. There is no such money-making machine that would multiply your assets within a day or month.

If it exists, it's clearly a scam.

Effort, sacrifice, perseverance, thorough, diligent, knowledge, courage, that's a real machine to make money, rich and successful people take years to achieve success and start from the bottom, not a week or a month, if someone says to multiply money in a matter of minutes, it's called tuyul aka the devil.

[witcher_sense]

1. Nothing is free in the world, so don't expect anything for free.

This one is an important point, but there are sometimes exceptions to this rule. For example, when there is a need in spreading awareness about a project, it may well be justified to give away the coins for free. I am not talking about thousands of useless airdrops, where the only point is to enrich their creators, but take bitcoin as an example: in the past, it was possible to obtain a lot of bitcoin for free via bitcoin faucets. Another example is scammers themselves: they are free to join cryptocurrency space, they are free to create their own coin with unique features, they are free to profit off of it. The question of whether it is legal or morally justified doesn't seem to bother them, but given the nature of the ecosystem, you can't effectively prevent them from doing bad things.

[CPTHREE]

1. Nothing is free in the world, so don't expect anything for free. And not all efforts are rewarded.
2. There is no such money-making machine that would multiply your assets within a day or month. Unless it is luck, the money earned by luck will sooner or later be lost because of strength.

[GeorgeJohn]

Actually from my perspective i will would say that the only reason while people get ride into scam is because of much inquisitive to acquire or to secure a larger profit, secondly most times people like easy access to get ride to something without much stress, but base on my understanding i capture that anything that is not difficult to get leads into  a negative impact which will definitely come back with a remorse, any business transaction which the profit is three times higher than the capital during negotiation is absolutely scam from my personal taught.

[Issa56]

Seriously lot's of people have been scammed just because they fall for this trick which people use to scam. And I believe those scammers are always after newbies, people that are just entering cryptocurrency and most of them don't really know about cryptocurrency and some are just hearing people saying cryptocurrency and they also want to feel amount and someone can just message them and use any of the listed Format for them and they will also send the person money and get scammed.

[Coyster]

High return are allows scam, I wonder where the people scammed think the scammers will get the money from, legit businesses can not be like that.

The thing is, this kind of victims are guilty of falling for the "crypto experts" scam, and it's particular with newbies, cause they are prolly new they believe there are crypto experts that can make quite an insane ROI in little or no time. That's basically why I do not like using the word "experts" around newbies, they tend to get the wrong message and it could cause them to make a mistake. Another area this problem stems from is "success stories", people hear one success story or the other, without even confirming the legitimacy and immediately wish to replicate it, but instead go on to lose their funds; new crypto users need to be more careful, less greedy and more hungry for knowledge, that's the only way they can avoid most of this scams.

[sheenshane]

This is a very strong policy for me (Common Sense).

Because there could be a free that is legit and not a scam, even though here in our community, there are some of them offering free giveaways or contests in Games and Round sections, so that is literally free or a website that has a legit running faucet.

But if you have common sense, you can simply sense if there is something want to scam you.  Bitcoin doubling is the most common scam and even now has been existed.  Always be careful dealing with unknown people on the internet sometimes can avoid you from getting hack.  On the other hand, hackers and scammers now are getting smarter, we should be careful with them use our common sense over greed.

[aysg76]

For newbies,
As the title said, and already discussed many times on the forum how to prevent scams. Here is two strong policy that would prevent you being a scam.

1. Nothing is free in the world, so don't expect anything for free.

Exactly, how could anyone believe that someone whom they didn't recognise or even know from long time will be sending them coins or will provide them funds without anything? There is nothing that comes free as said by you as it has some hidden cost associated with it which is likely to be hacking your personal details or scam you of funds.People usually lost because of the greed like get your free money ads make them attract towards scammers and then they regret it.Free money is available but only for hackers if you look on opposite side.So be aware of such malicious website and ads.They provide free giveaways and when you click on the link the virus hacks all the wallet.dat files on your computer giving them access to your funds also.Be safe.

2. There is no such money-making machine that would multiply your assets within a day or month.

The hackers usually display links like deposit your money and double or triple or even more within few days.This is purely scam and for these tricks they use twitter and social media accounts of some companies or renowned persons.Like in two cases which i remember was of Clown Musk where hackers portray themselves on the timeline and ask for coin deposit to double them which caused million of fund loss.The second one was redmi official page hacked and offering similar doublers which was scam.But the main thing is how the hell people believe that someone will double their funds so easily?

But yes your funds need to be managed and be safe by you avoiding any such types of scam.You will not get money but will also loose what you have.

[clorasteinberg]

Never store your cryptocurrencies in any place where you don't control the private keys, such as:
A cryptocurrency exchange.
Any online wallet, including online wallets in an exchange.
Any wallet on a web browser.
Any multi-signature wallet on a web browser.
Any paper wallet.
Any cryptocurrency ATM.