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Author Topic: For those of you that like trading bitcoin physically, learn the usual lesson  (Read 543 times)
pawanjain
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September 13, 2024, 04:49:29 PM
 #61

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

Mothership reports that the teenager, known only as ‘ZK,’ was attacked by the men after meeting the crypto seller in a car park on August 29.

As the deal was going down, ZK claimed that the men, looking like “regular pedestrians,” passed by before one of them punched him across his left cheek.

Afraid that the men were trying to steal his cash, ZK says he bolted to the nearest mall and shouted for help. They allegedly chased after him, but ZK says he managed to outrun them and report the incident to police.

Offline USDT sale abandoned after buyer gets punched in face

Trading P2P should be avoided at all costs especially when the other person is a stranger.
I would never like to meet a strangre in person for a P2P transaction.
If at all there comes a need to make a P2P transaction, I would rather do it with someone I already know.

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Orpichukwu
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September 13, 2024, 10:39:01 PM
 #62

Most persons likes to learn the hard way, negligence and ignorant can actually lead to some one's death this should actually serve as learn to others, undoubtedly the Internet is not a friendly ground where you could trust anyone, a lot are really happening hence one should be able to conscious of our decisions and actions while attempting to transact business with someone you meet on the Internet,
Some people just don't take lessons from the experience of others. I have always been against this particular partner of selling, which is referred to as the F2F form of trade, because you never can really tell what's on the mind of the next person; it could be the seller who even has bad intentions or the buyer. It's just safer to sell online and get your cash transferred to you to whichever account you agree upon with the buyer. Just imagine trying to protect privacy and ending up getting yourself attacked.

.
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September 14, 2024, 10:13:09 PM
 #63

Most persons likes to learn the hard way, negligence and ignorant can actually lead to some one's death this should actually serve as learn to others, undoubtedly the Internet is not a friendly ground where you could trust anyone, a lot are really happening hence one should be able to conscious of our decisions and actions while attempting to transact business with someone you meet on the Internet,
Some people just don't take lessons from the experience of others. I have always been against this particular partner of selling, which is referred to as the F2F form of trade, because you never can really tell what's on the mind of the next person; it could be the seller who even has bad intentions or the buyer. It's just safer to sell online and get your cash transferred to you to whichever account you agree upon with the buyer. Just imagine trying to protect privacy and ending up getting yourself attacked.

On this particular issue of physical trading, I think the majority of the victims are mostly those who understands the implications of what they are doing but they choose to take risks just to prove what only them can explain, aside the lost of life that may occur as a result of the transaction some people end up not getting paid after the trade which is one of the things you can never get online if you make use of p2p because you must receive your pay before releasing your coins to the buyer. People should understand the value that is attached to privacy it saves a lot of inner stress and drama and it should be taking seriously to avoid casualties like we have heard and seen happen.

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September 15, 2024, 10:39:25 PM
 #64

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

Mothership reports that the teenager, known only as ‘ZK,’ was attacked by the men after meeting the crypto seller in a car park on August 29.

As the deal was going down, ZK claimed that the men, looking like “regular pedestrians,” passed by before one of them punched him across his left cheek.

Afraid that the men were trying to steal his cash, ZK says he bolted to the nearest mall and shouted for help. They allegedly chased after him, but ZK says he managed to outrun them and report the incident to police.

Offline USDT sale abandoned after buyer gets punched in face

I don't see myself ever trying such . I prefer to sell my coin most time via exchanges with the use of p2p , because meeting a stranger through social media, Inthe name of exchanging or trading is very risky . And is not advisable at all , it can put both ones live and assets in danger .

If you can't sell through exchanges one can also sell their coin through Dex account, though haven't learn more about it though ( how to use Dex account to trade coin for fiat). The guy was really lucky that he was able to escape , if not we would have been hearing another story instead, that may have been way worst than this .

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September 15, 2024, 11:47:14 PM
 #65

Most persons likes to learn the hard way, negligence and ignorant can actually lead to some one's death this should actually serve as learn to others, undoubtedly the Internet is not a friendly ground where you could trust anyone, a lot are really happening hence one should be able to conscious of our decisions and actions while attempting to transact business with someone you meet on the Internet,
Some people just don't take lessons from the experience of others. I have always been against this particular partner of selling, which is referred to as the F2F form of trade, because you never can really tell what's on the mind of the next person; it could be the seller who even has bad intentions or the buyer. It's just safer to sell online and get your cash transferred to you to whichever account you agree upon with the buyer. Just imagine trying to protect privacy and ending up getting yourself attacked.
Everything that has a good side does also have a bad side attached and it's left for us to weigh the magnitude of  potential risks associated in the negative. I think F2F trading was supposed to be a great way of hiding concealing out privacy against using CEX for transactions but with how wicked the world has become using the online available means of trading like the p2p becomes necessary to avoid physical aatacks of this nature either from the buyer or seller. We should only agree to do a F2F trading when we are familiar with the next person and never with total strangers.

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September 20, 2024, 08:24:45 AM
 #66

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

This is strange, I mean, this is the first time I've heard about this, but what on earth will make someone meet a buyer in person when the world is not safe? In some places, people don't want others to know that they trade coins to avoid being scammed or losing their lives. We learn every day that some people still go and believe a buyer from a Telegram that is full of scammers. I do not feel safe to hold any coin on the Telegram wallet, nor to trade it on Telegram. I don't know what's wrong with some people, he does not trust buyers on the internet and met the buyer physically to get scammed.

I believe the guy would have learned his lesson, that will serve as a lesson. In the crypto space, one should always understand that there is a risk involved, no pain, no gain. If he cannot risk his coin and trust the online buyers, I do not believe he should be holding any coin rather than risking his life to meet the buyer physically, some people have lost their lives, while others are falling victim to a trap set by a buyer. I can never trust anyone to trade coins in person unless they are close to me and I have known them in the crypto area for a long time.

R


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September 20, 2024, 09:25:22 AM
 #67

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

This is strange, I mean, this is the first time I've heard about this, but what on earth will make someone meet a buyer in person when the world is not safe? In some places, people don't want others to know that they trade coins to avoid being scammed or losing their lives. We learn every day that some people still go and believe a buyer from a Telegram that is full of scammers. I do not feel safe to hold any coin on the Telegram wallet, nor to trade it on Telegram. I don't know what's wrong with some people, he does not trust buyers on the internet and met the buyer physically to get scammed.

I believe the guy would have learned his lesson, that will serve as a lesson. In the crypto space, one should always understand that there is a risk involved, no pain, no gain. If he cannot risk his coin and trust the online buyers, I do not believe he should be holding any coin rather than risking his life to meet the buyer physically, some people have lost their lives, while others are falling victim to a trap set by a buyer. I can never trust anyone to trade coins in person unless they are close to me and I have known them in the crypto area for a long time.
I don't even support physical trading except the person I'm trading with is a family or close relatives but then of all places to trade physically he chose the car park a place that's mostly isolated and perfect spot for criminals to operate, apart from the first mistake of believing a radom person from Telegram I think the victim is to be blamed for choosing the car park. Also, when it comes to things that ìnvolves finance, you don't just trust a total stranger and he should pick a more secured area like a mall, cafe, an eatery etc. He decided to trade his safety for his business and has paid dearly for it, Even online, most exchanges would as their customers to confirm payment in their traditional banks before releasing the coin to vendors when doing P2P transactions it means they care about the safety of their customers so I wonder why that victim didn't consider his safety before making such decision, the person has learnt the hard way though.

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September 20, 2024, 02:12:20 PM
 #68

~Snip
So far, I personally very rarely trade Bitcoin, USDT or other cryptocurrencies directly (face to face). Because I personally think this is not very important, because crypto exchanges are provided for selling or buying crypto. So in my personal opinion there is no strong reason to buy or sell cryptocurrency directly (face to face). Because like the story you shared, carrying out crypto transactions directly has huge risks. So because of this, I personally avoid making direct transactions when I want to buy or sell cryptocurrencies like that. Apart from that, I personally also avoid making transactions or buying crypto via social media. Because quite a few people are also deceived by crypto sellers on social media. So in my personal opinion, to be safer when buying or selling cryptocurrency/bitcoin/USDT, I think it's better to buy it on a reputable crypto exchange. As is the case on Binance and on OKX. Because it is certain that the transaction security is much better than having to carry out direct transactions by meeting.

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October 09, 2024, 03:31:22 AM
 #69

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

Mothership reports that the teenager, known only as ‘ZK,’ was attacked by the men after meeting the crypto seller in a car park on August 29.

As the deal was going down, ZK claimed that the men, looking like “regular pedestrians,” passed by before one of them punched him across his left cheek.

Afraid that the men were trying to steal his cash, ZK says he bolted to the nearest mall and shouted for help. They allegedly chased after him, but ZK says he managed to outrun them and report the incident to police.

Offline USDT sale abandoned after buyer gets punched in face

Trading P2P should be avoided at all costs especially when the other person is a stranger.
I would never like to meet a strangre in person for a P2P transaction.
If at all there comes a need to make a P2P transaction, I would rather do it with someone I already know.
You will have to make it clearer on what you mean by p2p trading because we have p2p trading in centralized exchanges where the users do not have to know each other and the CEX serve as a mediator should there be a breach to the procedure or terms of service. Does your advice of avoiding P2P trading also cover this one? I guess not and that is the reason I requested for your clarifications. Generally, most people will agree with the fact that trading bitcoin physically with strangers is a big risk that must be avoided.

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October 09, 2024, 09:50:43 AM
 #70

Trading P2P should be avoided at all costs especially when the other person is a stranger.
I would never like to meet a strangre in person for a P2P transaction.
If at all there comes a need to make a P2P transaction, I would rather do it with someone I already know.
You will have to make it clearer on what you mean by p2p trading because we have p2p trading in centralized exchanges where the users do not have to know each other and the CEX serve as a mediator should there be a breach to the procedure or terms of service. Does your advice of avoiding P2P trading also cover this one? I guess not and that is the reason I requested for your clarifications. Generally, most people will agree with the fact that trading bitcoin physically with strangers is a big risk that must be avoided.
You should not let that confused you too much. According to what he posted, it is clear that he is talking about trading bitcoin or other crypto physically not to be a good idea. He is not referring to P2P trading on exchange. Also you should not be confused because this thread is basically about trading bitcoin and other crypto physically having disadvantages and big risks.

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October 09, 2024, 11:43:31 AM
 #71

Trading P2P should be avoided at all costs especially when the other person is a stranger.
I would never like to meet a strangre in person for a P2P transaction.
If at all there comes a need to make a P2P transaction, I would rather do it with someone I already know.
We all are strangers, even I have a friend that already with me for 10 years, I still consider him as a stranger because human is very dynamic creature. Today he's your best friend, tomorrow he could be your worst nightmare, because we all are change, there's no guarantee your friend mindset and character will be same in the future.

Doing F2F (face to face) trade is really risky, I'd say the risk is more higher than the reward you get.

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October 09, 2024, 04:37:42 PM
 #72

Trading P2P should be avoided at all costs especially when the other person is a stranger.
I would never like to meet a strangre in person for a P2P transaction.
If at all there comes a need to make a P2P transaction, I would rather do it with someone I already know.
We all are strangers, even I have a friend that already with me for 10 years, I still consider him as a stranger because human is very dynamic creature. Today he's your best friend, tomorrow he could be your worst nightmare, because we all are change, there's no guarantee your friend mindset and character will be same in the future.

Doing F2F (face to face) trade is really risky, I'd say the risk is more higher than the reward you get.

If you go from that perspective then we should not be trusting anybody in this world because anyone can change at any time.
But that's not how things revolve around us all the time. We do make friends and we do enjoy our time with them.
I would rather get betrayed by a known person than from a stranger, if you know what I mean.

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October 09, 2024, 05:06:07 PM
 #73

We all are strangers, even I have a friend that already with me for 10 years, I still consider him as a stranger because human is very dynamic creature. Today he's your best friend, tomorrow he could be your worst nightmare, because we all are change, there's no guarantee your friend mindset and character will be same in the future.

Doing F2F (face to face) trade is really risky, I'd say the risk is more higher than the reward you get.

It happens everywhere, we have seen people on this forum been the most trusted feedbacks and then one day they change and you see reactions on reputation board because people are surprised how such person will pull such thing, it happen even outside the forum but I build trust with who I want to if after many times of going through things together, I can't say because the world is cruel everyone are the same, there are people that will not change for you regardless of anything, their trust is 100% till they die.

The guy that did face to face trade is not street wise and not smart but could be intelligent and I am sure he has learn his lesson but if I want to go his route and do the same thing, I will have my trade done without any comprises unless the trader wouldn't show up. There are level to things you will have seen and experienced to fall for any cheap scams unless things I don't know which can me malware and they don't exist in physical forms. Grin

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October 10, 2024, 03:43:17 PM
 #74

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.
And driving a car can lead to accidents, injuries, and death. Do you also suggest that no one drives cars anymore? Meeting unknown people in weird locations can be dangerous, of course. That's why you have to be careful about who you deal with. Stick to popular platforms where such deals are struck where you can see if anyone else who is trusted has dealt with that person. Talk with them before agreeing on a meeting to see what vibes you get from speaking with them. And above all, use common sense. Don't make deals in dark alleys, car parks, or go on a car ride where you will be alone.

I have dealt with several people face to face and sold them crypto. Luckily, I have never had any problems. I have also been approached by scammers and maybe thieves but never given them any space or time.

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October 10, 2024, 09:31:01 PM
 #75

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

I can remember back then when I was new into crypto and never knew much about telegram scams, I must say I did fell for most of these types of scams, due to the fact they always promise to sell USDT lower than the usual exchange p2p prices, which I'm sure must have been the reason why many people fell for it, why trying to take advantage of it, and get rich quick, not knowing it were all scams. So in regards to this, I still think a lot of people still needs to be properly orientated about crypto and ways to spot a potential scams, just like this one, while secondly avoid any form of physical crypto trading, as you stand the chance of endangering both your life and asset.

 
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October 10, 2024, 10:04:57 PM
 #76

~Snip
So far, I personally very rarely trade Bitcoin, USDT or other cryptocurrencies directly (face to face). Because I personally think this is not very important, because crypto exchanges are provided for selling or buying crypto. So in my personal opinion there is no strong reason to buy or sell cryptocurrency directly (face to face). Because like the story you shared, carrying out crypto transactions directly has huge risks.

I don't understand why some cryptocurrency users would be so adamant that cryptocurrencies are as treasured as gold which is very attractive to scammers and thefts.
Satohi Nakamoto didn't only create bitcoin on the uniqueness of decentralizations but also for safety factors that's why bitcoin has stayed to be in digital financial technology with the convenience of executing transactions at our Privacies where we can stay out of thefts targets online when bank users must have to process their money physically.
So if the online convenience services is available, I don't find reasons of running physical trades. Even, online trading saves you lot of the resources demanded to meet face to face.

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October 11, 2024, 11:19:29 AM
 #77

Avoiding physical trading with strangers is a very wise decision. It helps mitigate risks associated with theft and fraud.

Online trading offers convenience and access to various platforms, simplifying asset management and allowing you to focus on long-term investments.

Keep yourself and your assets safe.
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October 12, 2024, 06:50:46 PM
 #78

Trading P2P should be avoided at all costs especially when the other person is a stranger.
I would never like to meet a strangre in person for a P2P transaction.
If at all there comes a need to make a P2P transaction, I would rather do it with someone I already know.
We all are strangers, even I have a friend that already with me for 10 years, I still consider him as a stranger because human is very dynamic creature. Today he's your best friend, tomorrow he could be your worst nightmare, because we all are change, there's no guarantee your friend mindset and character will be same in the future.

Doing F2F (face to face) trade is really risky, I'd say the risk is more higher than the reward you get.

If you go from that perspective then we should not be trusting anybody in this world because anyone can change at any time.
But that's not how things revolve around us all the time. We do make friends and we do enjoy our time with them.
I would rather get betrayed by a known person than from a stranger, if you know what I mean.

Surely the victim never played his part well in the negotiation, after the attacker changing the location to a quiet environment, that should have raised enough suspicion. He has been another subject to create awareness for others not to fall victim again and learn from his mistakes.

There is nothing wrong trusting a friend but it does goes to a certain level, no need giving in to everything, sometimes you change the rules and identify to what is suitable and safe for you. People change and some stick with you to the end but nothing stops to being smart and try to read things when it's going the wrong way.

I rather be betrayed by a stranger than a known person, considering how much time we spent together building quiet the friendship that should have lasted till God knows when, later on be back stabbed.

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October 15, 2024, 02:38:09 PM
 #79

This is not about bitcoin but USDT but it is a lesson for those people that like to trade their coins physically. Such people do not like themselves at all. It can lead to attack.

The guy met the USDT seller on Telegram. What!!! Telegram that is full of scammers. He said he had no choice because the guy was the only one that reached out to him. The plan was to meet at a public mall but the USDT seller changed the location and he accepted. The new location is a car park where he was attacked.

Mothership reports that the teenager, known only as ‘ZK,’ was attacked by the men after meeting the crypto seller in a car park on August 29.

As the deal was going down, ZK claimed that the men, looking like “regular pedestrians,” passed by before one of them punched him across his left cheek.

Afraid that the men were trying to steal his cash, ZK says he bolted to the nearest mall and shouted for help. They allegedly chased after him, but ZK says he managed to outrun them and report the incident to police.

Offline USDT sale abandoned after buyer gets punched in face
Who in his right senses will do this kind of thing? I will rather  transfer my USDT to another exchange and sell it through p2p than to sell it to a physical buyer that we don't know each other from anywhere. People can do things the way they want but we need to protect ourselves and what we have. Tha fact that the buyer changed his location to a car park is already suspicious. Maybe the seller (@ZK) was in a hurry to sell his USDT for fiat.

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