Social media is a breeding ground for scamers, be intelligent while you explore

[pooya87]

There are different types of social media, forums like bitcointalk are also one of the types.

Basically any form of social media where the communication is mostly one sided (eg. twitter, telegram, instagram, etc.) becomes the perfect "breeding ground for scammers" because it is harder to debunk their advertisements. For example you can't go on a private telegram group and tell people they're running a scam because they will ban you.

But forums are different. The communication is a lot more bidirectional in comparison. So for example if someone starts a scam topic on this forum, there are countless members who would start warning about that scam even in the same topic.

So people have to learn who they trust and where they get their information from. Majority of social media platforms are only good for "cat pics" and must not be used for anything else.

[LogitechMouse]

Full topic: Social media is a breeding ground for scamers, be intelligent while you explore the crypto market.
~
The social apps is unsafe to be a place where a newbie can get good knowledge about cryptocurrency. It is good to recommend people to learn from the Bitcoin talk communit or any other Bitcoin educational material that is legit.

When there's people, there are scammers lurking especially online.
Social media in general helped us in different ways. From spreading information, to advertise projects, to increase the adoption of cryptocurrency, etc. On the other hand, it's also the home of the scammers who are constantly looking for victims out there.

Right now, misinformation is at it's peak and at the same time, phishing attack has been very rampant especially on Twitter (X). Having knowledge, and being vigilant are the best things to do in order for us not to get scammed. I don't want to say this, but in my 5+ years of being involved in crypto, I never experienced getting scammed, and it's because I learned everything how scammers are scamming people first, and learned how to avoid it as well.

Overall, social media platforms can be used in either good or bad way, and for us investors who are into social media every day, let's be intelligent enough to avoid getting scammed. How? Learn, learn, and learn.:

[Yamifoud]

Social media can't be full of nonsense things but yes, this is a medium for many scams and false information. This is why we don't just read and believe it but also we need to verify through searching from other sites. Before, social media platforms seemed to be great tools for learning but now, it was breading tools for scammers as they know that they can easily fake information and ads.

This time, we need to be cautious especially when having online transactions as it was hard to trust strangers.
They are smart and keeping aware is the only way not to fall into the hands of scammers.

[un_rank]

But forums are different. The communication is a lot more bidirectional in comparison. So for example if someone starts a scam topic on this forum, there are countless members who would start warning about that scam even in the same topic.

What is better is the forum does not have an algorithm that determines how posts show up. A newbie and a legendary member posting would averagely have the same visibility, what would affect that is how much people interact with either posts to keep it at the first page of the board.

With other mainstream social platforms influencers get to a much larger audience due to their higher number of followers. If they are promoting a scam, a not so influential member does not have the reach to warn enough members about it.
Replies are even arranged based on interactions, so if you reply to a tweet warning that it is a scam, except others interact with it, it drops to the bottom of the page, or the poster just hides it, whichever happens first.

Telegram is way worse cause conversations happen in closed boxes and you cannot even prove it, cause screenshots can be faked easily.

- Jay -

[Taskford]

One thing been said is, never trust the information giving to you on social media or just anywhere. The internet is still new in people’s minds and the scammer are trying more and more technics daily to help them attack people. One thing I will say is most people that fall to this scams aren’t just gullible alone but rather also greedy to rip out money and that’s where they fall victim. Cryptocurrency scam will definitely be around till any time but we can limit the rate at which we fall victim or allow our people to fall victim by making them understand that one’s an offer is juicy then it is not real

I agree that we should not trust information we find on social media or the internet. Scammers are always finding new ways to scam people so we need to be careful and not believe everything we see.
I also agree that people who get scammed are not just easily fooled but they are often too greedy. Scammers take advantage of people who want to make money quickly or want to become rich in a single night and this greed that makes them fall into the scammers traps. So we should always be careful about these kinds ko scammers.

To many schemes offered on social media and usually those scams offer a lot of profit return to their prospects. So its important for us to know that nothing like that exist especially they offer unrealistic gain for just doing nothing we should be suspicious all thing they have done especially if they don't have any clear source on how they can make the investment amount grow while the funds is in their possession.

Scams usually goes on social media so much better for investor that they should never look at that place if they are seeking for investment since for sure the one will come to them are those frauds and trying to lure them then they will end up getting scam just like what we usually see online.

[Mayor of ogba]

Online is filled with scammers, not only on X, formally known as Twitter, but that is also why in Telegram you will be told admin will never DM you first, so that you will be guided when a scammer creates a fake account with admin details to DM you. Social media sites like X, formally known as Twitter or Facebook, allow scammers to reach out to people they can scam. Some project teams have the intent of saying that the formal CEO of Binance CZ tweets about their project, and they will run a Photoshop where the formal Binance CEO CZ tweets about them and uses it to make a post on their X account, formally known as Twitter, just to gain more followers and trust to scam people of their hard-earned money. Before believing anything on social media, try and carry out your research to know if the information someone passed to you is legit before you act on it.

[ImThour]

The more you indulge in making more profits, the closer you are to getting scammed. I have seen many cases and most of the people were on DeFi trying to find the next 100x or joining launchpads where these shitcoins are launched with 20x on the first trading day. Do not invest in these sort of stuff. I bet trading real coins is way better than that shit. Believe me.

[lovesmayfamilis]

Social media nowadays can only be observed without much attention or value. Anyone who can understand that this or that news is not valid and can determine where it comes from and for what purposes it is intended can be safe. But for beginners who are just trying to study crypto, in this case, it is better to completely refuse to visit such networks since they will certainly fall into the hands of scammers, tempted by the beautiful promised profits.
In confirmation of the OP’s post, you can add recent news from zasad@.
https://bitcointalk.org/index.php?topic=5483904.msg63602025#msg63602025

[uchegod-21]

Scammers take advantage of unsuspecting individuals, especially newcomers just starting their crypto journey. I witnessed fake airdrops, impersonations, and fraudulent investment schemes there. Unfortunately, these scams often appear authentic, making it challenging for newcomers to distinguish between genuine opportunities and fraudulent activities. I have warned them and advising not to follow information on social media blindly and they should turn to reputable sources like here in this forum for education instead. This forum filters out misinformation and provides a safer learning and discussion space.

The scammers often target innocent newbies and after the newbies fall prey of their scam, it will give the newbies wrong mindset which is the reason they always say that Bitcoin is a scam. Since there's no promotion by Bitcoin itself, those scam projects and Ponzi schemeers use the name of bitcoin to decieve and scam newbies.

On the side of the newbies, they don't seem to listen to advice until they are victim of the scam. When you are advising them, it will look as if you want to prevent them from becoming overnight millionaires.

[Findingnemo]

I would go further and say not just social media, the whole internet is filled with scams and if you see an article or blog that is praising a project particularly then it can be a paid ad just created to generate traffic and this is done by most preferred news platforms too in the crypto market. When you want to trust your money then you need to do it on your own which needs necessary knowledge which comes from doing the research on our own.

I agree that's simply the best way one can actually help their self because if you are to follow the rating and praises from any social media website on a particular project then you might probably just get yourself posted in a really tight corner that you might find it really difficult to come out from. An example of such places would be the ratings from trust pilot, I know for sure to an extent that most reviews and ratings on that site are all planned and rigged.

Trust ratings can be bought too and it can be written by real people but those feedbacks can be noticed and can be differentiated from the legit feedback because usually the bought feedback will be written in a word or two while the actual use may explain the experience of using it. But even though someone thinks it's legit it doesn't mean you have to trust them just as I said it is our responsibility to find them on our own.

[Issa56]

I got inspired to draft this topic after seeing so many scam airdrops that was promoted on  X formally known as Twitter, so many fake telegram group that are impersonating the original telegram group of other successful project, and  many fake investment groups on Facebook. Some of these groups or fake ads looks very real to the extent that  real newbies who have zero experiences about crypto can fall victim unless they are guided by experienced investors.

Seriously social media is basically Where scam projects are promoted right now, whenever you see any advertisement or any link on any social media most especially Telegram and X, just avoid them because I can say 90 percent of them are scam, when you are making use of telegram and you discover any telegram group, make sure you don’t just join it, if their their is any project telegram group that you want to join, make sure you visit the project website, and get their official telegram group from the website, and don’t trust anyone that PM you in any social media, no matter what they do to earn your trust, you have to be very careful, most of them will want you to trust them first before scamming you.

The reason for making this post is to alert those innocent newbies who are just new and still starting their journey into crypto for the first time.

This post is really important because scammers are always targeting newbies, they believe they are the ones who have little or no knowledge about all this scam strategy, so newbies are the ones that are going to be easily scammed, so your advice is really nice.

[nakamura12]

Social media platforms are becoming a breeding ground of scammers and many of the scam projects have social media campaigns like twitter, facebook, youtube and more. If I were you, I would never trust anyone who PM me in any social media platforms and so when you see projects being promoted in social media. You should also be careful on telegram as it is also full of scammers although there are some legit and paying projects but it isn't easy to find nowadays.

[Dr.Bitcoin_Strange]

Lol, but I think those two word "breeding-ground, is really well used to classify social media because definitely the numbers of scammers there are on a high rate. I fear social media to even take any information very serious, unless I have to make a proper research by my self. 

In the early month of last year, there was a fake casino that was greatly promoted by some social media influencers. They will convince you to deposit your money to that casino and start to gamble, assuring people they will win and become successful for playing some games in that casino. Most people fell victim to those Influencers, and they lost their money big time. That was when they realized, it was fake and those Influencers were criticized for their deceitful promotion.

Even if a Scam is being promoted on Social Media, the Social-Media-Management doesn't delete those Posts. So, it's a red flag. 

I remember, some years ago, when I also seeked help in a Telegram-Group, someone sent me a DM and was pretending to be a Customer Support for the Project I was asking about. I almost fell victim to his plots, but I realized quickly and restrained. 

[Asiska02]

The reason for making this post is to alert those innocent newbies who are just new and still starting their journey into crypto for the first time. I don't recommend you guys to follow every information you catch on social media.  Social media is so polluted with scams and too much wrong information. The rate of scam on social media is not regulated and that's why people will keep being misleaded and scammed if they follow every information they get from the social apps.

Social media has become one of the easiest path for scammers to get to their victims easily. Social media is a social gathering that has no strict rule to guide and filter house scammers. You won’t be thought on how to deal with issues like that until you learn it the hard way, or after a lesson (falling a victim of scam), or learned from someone that was there before you. Before now and till date, telegram is mostly used by scammers because that’s where most of this projects dish out full informations about their project, so hence scammers get direct contact to their victims easily. Today, it has now become more viral and other social media apps are used by scammers to leverage on when wanting to scam their victims. It is better to be careful while using social media platforms generally.

As this forum is concerned, there are different good people who will never allow scammers  to mislead others, that is why wrong information are always filtered out here and users are immediately cautioned  when they drop wrong information.

The social apps is unsafe to be a place where a newbie can get good knowledge about cryptocurrency. It is good to recommend people to learn from the Bitcoin talk communit or any other Bitcoin educational material that is legit.

The forum wouldn’t have existed or stand on its existing protocols if anything is altered that will accommodate scammers in the forum. The forum is very large and has a lot of important people coming to get informations and solutions to their problems in the crypto space. The moment the trust is loss, they won’t be much visitors here again and the forum activity will reduce drastically since scammers are allowed to nest here like others. Bitcointalk forum is a school that is dependable on to get full information on the crypto industry.

[Mrbluntzy]

For example you can't go on a private telegram group and tell people they're running a scam because they will ban you.

I have been kicked out many times from telegram groups and the reason is because I just keep asking a consistent question which non of their admin was ignoring. Such attitude is even what can make people to believe that the project is a scam. Every good project will always want to be transparent.

[Marvelman]

For example you can't go on a private telegram group and tell people they're running a scam because they will ban you.

I have been kicked out many times from telegram groups and the reason is because I just keep asking a consistent question which non of their admin was ignoring. Such attitude is even what can make people to believe that the project is a scam. Every good project will always want to be transparent.

I feel you, getting booted for asking questions totally sucks.   Telegram groups can get hectic, and admins might miss or ignore questions sometimes, especially if they're not phrased clearly.  Still, kicking someone for asking stuff ain't right and  groups should be transparent and not punish curiosity.  If they shut you down hard for asking normal stuff, seems sketch and can definitely raise red flags.

[moneystery]

Full topic: Social media is a breeding ground for scamers, be intelligent while you explore the crypto market.

I got inspired to draft this topic after seeing so many scam airdrops that was promoted on  X formally known as Twitter, so many fake telegram group that are impersonating the original telegram group of other successful project, and  many fake investment groups on Facebook. Some of these groups or fake ads looks very real to the extent that  real newbies who have zero experiences about crypto can fall victim unless they are guided by experienced investors.

The reason for making this post is to alert those innocent newbies who are just new and still starting their journey into crypto for the first time. I don't recommend you guys to follow every information you catch on social media.  Social media is so polluted with scams and too much wrong information. The rate of scam on social media is not regulated and that's why people will keep being misleaded and scammed if they follow every information they get from the social apps.

As this forum is concerned, there are different good people who will never allow scammers  to mislead others, that is why wrong information are always filtered out here and users are immediately cautioned  when they drop wrong information.

The social apps is unsafe to be a place where a newbie can get good knowledge about cryptocurrency. It is good to recommend people to learn from the Bitcoin talk communit or any other Bitcoin educational material that is legit.

nowadays, social media, especially the x platform, is easily accessed by anyone, so fraudsters are free to roam around using it, i have an active twitter account and often get messages from scammers promoting new nfts or tokens, if i don't equip myself with good experience and knowledge in cryptocurrencies then i will definitely be scammed.

[Adbitco]

You don't have to blame those that are being misled over there because everyone are looking for easy money without doing their thorough investigation before putting their money over there, I have also come to a conclusion that anyone who got scammed from social media is as a results of rushing to utilized the fake opportunity they have offered them on social media making them to invest without the need to do proper research on the platform they are sinking their money.

People of nowadays are too lazy and weak to make research on themselves due to how they are tasty to be called an investor or early adopter of a particular project and coin often leads them to be scammed.

Just of the other week I came across a post made by someone over here who followed a youtuber on his channel to go trade, and he was given a site to sign up after which he was asked to fund that broker or exchange something like that, some days interval he was asked again to make additional deposit without him receiving any previous profits for the one he has deposited in the site. Well to cut the whole story shorts he was scammed and he ran down here to come raise alarm about the scam.

[CryptopreneurBrainboss]

I got inspired to draft this topic after seeing so many scam airdrops that was promoted on  X formally known as Twitter, so many fake telegram group that are impersonating the original telegram group of other successful project, and  many fake investment groups on Facebook. Some of these groups or fake ads looks very real to the extent that  real newbies who have zero experiences about crypto can fall victim unless they are guided by experienced investors.

Ignorance isn't an excuse, you're a newbie doesn't mean the scammers will spare you, you're their targeted audience. They keep bringing the same tricks often because they know that new members are coming in the industry often and they won't be informed. As a newbie, get to know the in and out of the industry, read and learn so you don't wish you did exactly that when you have been scammed. This is an unregulated industry, anything is possible here and the culprits go unpunished often because the industry isn't regulated.

Social media is the breading ground for all scams both those relating to cryptocurrency and other monetary business. We don't have to believe everything we see on the web and only join the official groups through the website of the project and not relying on social media handles as they're also getting hacked quite often this days.

[Bushdark]

For example you can't go on a private telegram group and tell people they're running a scam because they will ban you.

I have been kicked out many times from telegram groups and the reason is because I just keep asking a consistent question which non of their admin was ignoring. Such attitude is even what can make people to believe that the project is a scam. Every good project will always want to be transparent.

I feel you, getting booted for asking questions totally sucks.   Telegram groups can get hectic, and admins might miss or ignore questions sometimes, especially if they're not phrased clearly.  Still, kicking someone for asking stuff ain't right and  groups should be transparent and not punish curiosity.  If they shut you down hard for asking normal stuff, seems sketch and can definitely raise red flags.

Social Media had always been a tool to scam people and not only that but also of a good deed.
We don't need to agitate more on the negatives we get exposed to on social media but also the good we can get to know due to the influence of social media. It is important for us to keep paying a close attention to what we do so that we don't allow scammers to use opportunity to defraud us because of our ignorance of the social media potentials.