Common scams to avoid in Nigeria's, crypto community.

[Mpamaegbu]

Types of crypto currency scams.

Double your Bitcoin scams
No legit platform will multiply your Bitcoin for you, there are allot of platforms especially online who promises people about doubling their crypto currency such as Bitcoin.

Me too fall for dis scam as a noob. In fact, na greed make we fall victim bc d first wan wey I do, dem actually doubled it within 48hrs according to dem rule. Na so I increase my stake and send again. Fiam! The Bitcoin wey I send vanish onto thin air. I learned d hard way.

Fake investment managers
Anyone asking you to send BTC to trade for you is likely a scammer don't listen to such people.

Gbam! 100%. Nor even overthink am bc na wetin e bi be dat.
 

Giveaway scams...

We go rememba last year na with all d tap tap airdrops dem. Funny how those idiots dem play as like guitar and nothing happened to dem.

We should be very careful the type of Links that we click either on social media platforms, wassup groups and even while browsing.

If e dey possible, nor even click on links. I nor dey like try am, except I dey use device wey I nor get much on in case anything gas there. Dem nor dey tell adult sey make e comot for sun.

[Promocodeudo]

There are so many scams that many of us are not even aware of, but despite not having knowledge about these scams, it doesn't mean we will fall for them. If you really understand what a scam is all about, it will be difficult for scammers to lure you in.

The reason why people easily fall for scams is that they do not understand how scams work. There are the same reasons why people fall for scams, no matter how new they are; understanding is the only reason why people shouldn't be victims of scams.

You're right but sometimes you might still fall for them even when you have a clue about scam as you  highlighted, learning doest stop, scammers keep upgrading, they continue to come up with different strategy and it takes someone who's careful and pays attention to learning new things to identify possible scam thays the reason why I encourage people who has come across scammers to always share their experiences, it help people to know what to expect when they see one, scammers have different ways they operate, the try different ways until they get a victim, they do not give up, anyone can fall for scam but because of things we have learned in this forum and the experience people have shared we keep learning their antics that will help us not to be victims.

[HajiBagi]

All these things wey you just lost so are those things that is making people to fall for scam and if we are not smart enough those things can draw our attention and make us fall for those scammers, all those methods are not new for many investors except the newbies because they are the ones that will be eager to know everything about bitcoin and want to become like those who have been investing for a long time, the best way to avoid not being scam is not be greedy.

Greediness is one thing that make us fall for the scammer because they know that some people are very selfish and greedy and if they lie to them and tell them they will get rich in time they will have people who will believe them, when it comes to cryptocurrency and online stuff do not believe anyone including your friends or family because when you have something valuable with you some people will always want to get close to and hurt you.

[Cryptoprincess101]

Types of crypto currency scams.

Double your Bitcoin scams
No legit platform will multiply your Bitcoin for you, there are allot of platforms especially online who promises people about doubling their crypto currency such as Bitcoin.

Me too fall for dis scam as a noob. In fact, na greed make we fall victim bc d first wan wey I do, dem actually doubled it within 48hrs according to dem rule. Na so I increase my stake and send again. Fiam! The Bitcoin wey I send vanish onto thin air. I learned d hard way.

Lol, senior man you really make me laf wit your pidgin o, no be small fiam. Many of us done fall for scams for dis crypto space sha o but sometimes e good make person fall for small scam so dat e go come give you idea not to fall for bigger scam. Anywhere wey i hear say dem go double my money the first question i dey ask be say where the money wey dem wan take double for me go come from, because nobody wan do something wey e go lose money and nobody be fada Christmas wey go just dash out money freely without it being say you work something wey dem come pay you for the work wey you do.

[Mpamaegbu]

~

Lol, senior man you really make me laf wit your pidgin o, no be small fiam.

I go lie for u 😁. I suspect sey na d sound wey e make be dat.

Many of us done fall for scams for dis crypto space sha o but sometimes e good make person fall for small scam so dat e go come give you idea not to fall for bigger scam.

Honestly, I dey tell u! Na im be dat experience wey we dey talk about na. We nor fit buy am for market. E must happen to u to understand am. Though we dey feel sad wen dat small wan happen to us and we fall mugu, we suppose learn something from am. For me, first mistake na just mistake e be and lesson to be learnt. Na since dat 2017 wen e happen to me I don begin dodge anything doubling or cloud mining as dem dey advertise den. Mehn! See how things dey change. So, today nobodi talks about clouding mining anymore? It used to be a thing dat 2017/2018 era. Na wa.

Anywhere wey i hear say dem go double my money the first question i dey ask be say where the money wey dem wan take double for me go come from...

Talk true, shey u nor do MMM or icharity or Ultimate Cycler?

[Crakryptvest]

Types of crypto currency scams.

Double your Bitcoin scams
No legit platform will multiply your Bitcoin for you, there are allot of platforms especially online who promises people about doubling their crypto currency such as Bitcoin.

Me too fall for dis scam as a noob. In fact, na greed make we fall victim bc d first wan wey I do, dem actually doubled it within 48hrs according to dem rule. Na so I increase my stake and send again. Fiam! The Bitcoin wey I send vanish onto thin air. I learned d hard way.

This na to tell us say anyone fit be victim, my oga e get wetin me I like wey you the do wey the sweet me when I the read wetin you the talk for we local board here, from the few post we you drop wey me I come across, you have always made mentioned of your experience, this will help other people that knows nothing about what you're talking about to learn, however, this type of scam is laughable but since you didn't know anything like that and how unrealistic it is, fall for it and because you don't want any other prison to make the same mistake you gladly pen it down here for people to see.

[Mpamaegbu]

~

...you have always made mentioned of your experience, this will help other people that knows nothing about what you're talking about to learn...

My dear, as I nor fit share money give una; na my experience be d needed thing to share so una too nor go fall to wetin happened to me. Again, na make una too observe sey e nor dey abnormal to fall victim to anything new wey persin dey get into; except sey d persin get mentor from d beginning wey go hodl dem hand and lead dem on. In my own case, I stumbled on dis industry. Nobodi carry me join bodi.

...however, this type of scam is laughable but since you didn't know anything like that and how unrealistic it is, fall for it and because you don't want any other prison to make the same mistake you gladly pen it down here for people to see.

Yes na. Awa people sey to miss road na to mark d road for next time. No wahala to fall first time to scam wey u nor get idea of as a newbie but na to repeat dat mistake nor good. I nor fit eva fall for something like dat now.

[Sammye3]

Many people make the mistake of not verifying a particular project before investing, maybe out of ignorance or they just lack the knowledge of how these scams work. Nothing in this world is free so whatever project promises free money is a big red flag and should be on the lookout.

Make research and know more about how scams work, don't just sit there waiting to be scammed. Education is key and knowledge is power, you can never go wrong with these two values. Scams have similar patterns but just a diferent approach, you don't need to be scammed to have an experience; read articles and stay safe.

[JoyceBTC]

The buttom line is if you are looking to double your money or make quick or unrealistic profit online chances of you getting scammed is at its peak. Most scams are built on one of either trust or greed. Most people want to make profit doing nothing and eventually gets scammed.

Some on the other hand trust people very easily and sacrifice too much on it and in the end get scammed too but the thing is the latter is actually more rampant than that of sudden trust these days mostly because of greed.

Ponzi scheme is one way most people get scammed in Nigeria. A lot of crypto scam has been been around for a long time now some big celebrities in the country has promoted such scams because they believe that despite the level of poverty in the country there are some gullible greedy people willing to sacrifice the little they have in the name of doubling it within a short period of time.

Those who keep believing in the crypto scams do not just trust the investment rather you see them trusting the people who are behind the scams all on the name of love for them, they let greed take over them and when they lose money in one you see them crying out but they will still rush to invest in another scam project that is why you do not need to pity them.

Those who invest due to trust are just blinded by their selfish interest and greed, if there is a good sense of judgement you don't see a normal person expecting to double money within 24 hours when they know that no one can make such profit in a real business. Investors in scam projects are too greedy plus they do everything they do because they are too lazy to start a god business.

[gabbie2010]

Doubling Bitcoin scams and Fake investment managers are two of the most common scams that have been noticed recently. They create fake websites, show fake transactions as proof. Many people believe them. They use Telegram for communication. In many cases, they also open groups. This is how they cheat people. Fake Managers work in a similar way. After gaining trust, once people give them money, they lose it all.

Truly people always fall all those fake investment because they wants to make quick money, of course at the initial stage they tend to pay first set of investors just to gain some trust for upcoming investors unfortunately when gained more investors they disappeared and shut down completely after scamming investors hard earned money, of course people would never learn a lesson due to greediness and bids to earn quick money because if new fake MMM is launched today  investors would still invest their money that is how bad the situation in the country.

[knowngunman]

Double your Bitcoin scams
No legit platform will multiply your Bitcoin for you, there are allot of platforms especially online who promises people about doubling their crypto currency such as Bitcoin. You invest one thousand Naira and get five thousand Naira the next day. Such things don't exist in crypto currency. When ever you see these types of situations just know that that is a scam in disguise especially in the net and social media platforms.

Doubling your money or crypto is purely a Ponzi scheme and all Ponzi schemes are scam. No matter how well organised it looks, as long as na Ponzi, e go collapse sooner or later. But on the other hand, this does not completely rule out the incentive that crypto offers just like traditional financial institutions even though their own is near exploitation. Crypto offers reward for staking in trusted platforms but this reward is nothing close to doubling your initial capital within a short time as mostly promised by scammers. The reward is based on percentage depending on the amount of asset you stake and of course how long you're willing to locked your asset. However, if someone is trying by all means to persuade you, it's probably a scam and if the reward is too good to ignore, it's definitely a scam.

Giveaway scams
Give away scams especially on social media platforms are one way through which scammers pull up their scams on unsuspecting members of the public, any give away that will require you to pay a certain amount of money before collecting it is likely a scam that is been staged by a couple of person's.

It baffles me how gullible some people can be. Who in their right sense will pay money to qualify for giveaway? If you really need to pay money to qualify for giveaway, it's not longer a giveaway but gambling.

[Webutxo]

Truly people always fall all those fake investment because they wants to make quick money, of course at the initial stage they tend to pay first set of investors just to gain some trust for upcoming investors unfortunately when gained more investors they disappeared and shut down completely after scamming investors hard earned money, of course people would never learn a lesson due to greediness and bids to earn quick money because if new fake MMM is launched today  investors would still invest their money that is how bad the situation in the country.

Just so you know, there are many upgraded version of MMM that is currently going on in this country but you know wetin? Many Nigerians dy do am, them dy put their money inside because say them wan make quick money. Na the problem wey we Nigerians get be that, even though we dy see say this thing wey dy put front na fire, we go still put body say we know fear and na wetin dy kill us be that, we need to wake and he self aware that you can't be rich trying to do quick investment.

This is the same reason why many of us are victim of this meme coins. I have many friends that use their money to buy meme coins and all of those coins are not doing well anymore. Some of them has been forgotten and if you buy them, you will have to move on with your loss. Some of this things are obvious but our greed and love for money is what is Killing many of us.

[Makus]

The problem with a lot of Nigerians is that they chase quick money thinking that it is possible to make money from the crypto market like it is a ponzi scheme, I guess most people that do this have been used to making money from Ponzi schemes so they bring that same mindset into Bitcoin investment. I know a lot of people that lost their Bitcoin to lots of these investment schemes back then. This is the reason thy it is very important to learn about Bitcoin before you invest in it. Being on the forum is an advantage if you are still new to Bitcoin.

[Yeesha]

You're right, but before one can be able to conquered such offer or senero it's a must you first defeat greed in you, because greed is one of the major reason we do fall for scammers most times, we also want to grab every single opportunity given not knowing the source or how reliable it is. Perhaps, people are mostly moved by big offer that will evenually end them up in trouble. However, in as much as we can't be 100 percent careful, it's important we do the little we can by getting rid of greed, I believe this will go a long way in keeping us safe From scammers.

Greed is what is leading people to fall into scam.if not for greed why would someone accept it worth the risk to double his bitcoin stash by 100% in a short time. People would continue to fall into this kind of scam if they don't shun greed and quick profits. If someone try to convince you that they can double or triple the your bitcoin,it's a scam. Yes they may come up with convincing evidence that it is legit but don't fall for it. Bitcoin is not a ponzi, they is no shortcut to quick wealth in bitcoin.

You are extremely right, greediness is what makes some people to make the greatest mistake of their life, as a crypto investor or trader you must be extremely careful who you trust and the kind of sites you are involves yourself in. If there is anything like double your crypto, I believe most people will be billionaires by now. Nothing comes free of charge, it is either you work hard for it or someone (your parents) have gone through the process for you. There is no way you could just sit and your bitcoin will double with ease, and I believe all most everyone knows about it, but what caused them to fall a victim is greediness and lack of contentment and lack of emotional control.

[Agbamoni]

Many people make the mistake of not verifying a particular project before investing, maybe out of ignorance or they just lack the knowledge of how these scams work. Nothing in this world is free so whatever project promises free money is a big red flag and should be on the lookout.

Make research and know more about how scams work, don't just sit there waiting to be scammed. Education is key and knowledge is power, you can never go wrong with these two values. Scams have similar patterns but just a diferent approach, you don't need to be scammed to have an experience; read articles and stay safe.

Quick profit will remain the biggest temptation to most people. I dont think it is because of ignorance, lack of knowledge, that tempts them into not verifying a project before investing. The reason is that when they see the promises of making a quick profit, they lose their minds. Crypto scams are not a new thing anymore. It is taught in seminars, and most importantly, in a family, at least one person has a clue about how the scammers operate. I believe by now, many Nigerians should be aware of the crypto scam.