How do we identify imposter of Bitcoin?

[Israelgogo]

I noticed that many sites has scammed a lots of people and some of this wallets introduced by this criminals most at times is forge from original btc chain wallet and they'll be able to convince you to fall victim, from instance someone I know was into yahoo but he pose to deal on btc trading and investment, like he will ask people to come learn trading or investment with him base on his Instagram evidence of Transactions and clients he keeps posting with clean receipts, many people fall victim go to him create wallets with him, or even train you on how to trade, master you on it, then he will give you all your information and details to go and establish yourself and start doing it yourself but afters some months or a year he will still be the one to stay in his office and wipe your wallet, he was into this frauds for 5 years but finally they caught him and seize everything from him.

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

[Ambatman]

Personally sharing receipt online to try to convince anyone is already a Red flag.
And no I don't easily trust others if I do I wouldn't be doing Bitcoin.
This occurs when people fail to perform basic research on what they investing in
If they did I see no reason they would fall to such an obvious scam.

[Emjay24]

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

If you even know a little in trading, it wouldn't take you time to know he is into shady practices since his posts would not be in real-time and you would know good platforms to create an account of which that he recommends isn't.
In fact, if you've common sense at least, you would know that those receipts are not evidence of successful trading, but a bait to catch preys based on when and the patterns it is released.

You can even check the apps he recommends to see the reviews of others, of which I'm sure his previous victims would be complaining bitterly of their experiences. There are lots of loop holes to always catch these scammers. Those who fall preys are always the very naïve, yet optimistic ones who trust easily without verifying the authenticity of their claims.

[Agbam]

I noticed that many sites has scammed a lots of people and some of this wallets introduced by this criminals most at times is forge from original btc chain wallet and they'll be able to convince you to fall victim, from instance someone I know was into yahoo but he pose to deal on btc trading and investment, like he will ask people to come learn trading or investment with him base on his Instagram evidence of Transactions and clients he keeps posting with clean receipts, many people fall victim go to him create wallets with him, or even train you on how to trade, master you on it, then he will give you all your information and details to go and establish yourself and start doing it yourself but afters some months or a year he will still be the one to stay in his office and wipe your wallet, he was into this frauds for 5 years but finally they caught him and seize everything from him.

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

This type of scams are still shocking to me when I hear about it but humans are very gullible and greed driven that it obscures the sense of better judgement and investigative research on who you’re dealing with.

I’ve seen and heard enough to know anyone proclaiming to be an expert online in order to get people to invest or follow them is actually a fraud and showing winning receipts or testimonies from many faceless people makes it the more obvious. This type of scam is not only with trading or investments, they do it with bets claiming to be experts in predicting correct outcomes.

Just fleee from anyone proclaiming to be experts!

[moneystery]

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

I think if the person were to show off more, such as their account balance, wealth, and proof of transactions with others, we would be suspicious because most of these traders are nothing more than scammers who sell an image rather than demonstrate consistent trading skills.
We need to be wary of what they offer and not easily believe every claim they make, especially when those claims seem too good to be true. Because it could be just a ploy they're creating to gain your trust and then scam you once you've already invested your money.
That's why it's important not to easily believe anything you find on the internet. Especially when it comes to Bitcoin, it's always better to do your own research and not trust anyone.

[Crypto Library]

I noticed that many sites has scammed a lots of people and some of this wallets introduced by this criminals most at times is forge from original btc chain wallet and they'll be able to convince you to fall victim, from instance someone I know was into yahoo but he pose to deal on btc trading and investment, like he will ask people to come learn trading or investment with him base on his Instagram evidence of Transactions and clients he keeps posting with clean receipts, many people fall victim go to him create wallets with him, or even train you on how to trade, master you on it, then he will give you all your information and details to go and establish yourself and start doing it yourself but afters some months or a year he will still be the one to stay in his office and wipe your wallet, he was into this frauds for 5 years but finally they caught him and seize everything from him.

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

Always remember that "Empty vessels make the most noise."

Whenever you see someone flexing their financial muscles, I mean if it's someone close to you, you know they have other intentions and that's definitely not good. One category of fraudsters uses this as a phishing tactic to lure people into reaching out to them and then extort money from them by talking about subscriptions or the other methods you've already mentioned in your topic.

Nowadays, when I go on social media, I mostly come across promotions where traders are showing off bags of money and are mentioning that if we use their platform, we can become the owner of a lot of money in a short time just by following their signals.

Finally, I will say one thing, if you want to trade or invest, in this case you must use official platforms such as Binance, Bybit in terms of centralization and Hyperliquid in terms of hybrid level and there are many other ways to continue investing.

And in this case too, if you are in doubt, then there is a Bitcoin Talk forum. Ask for suggestions from the users here and open a topic and you will definitely get help very quickly.

[Odogwu-Blockchain]

Fraudster's website usually uses wallet address that's not onchain, their address usually shows in a way that's not known and reflected on the blockchain explorer because they are fake, since these fraudsters are behind the site, they'll credit you fake Bitcoin and instruct you to deposit more for you to access your whole money. It's a bait.

For you to know that is by searching the address that holds the fake Bitcoin on the blockchain explorer, it won't reflect. Once you notice that, then those are scammers sites.

The person you are talking about only has a fake trading website where he inboxes users from social media and redirect them to the site to choose any investment plan, he will then accumulate them in a group where he will be dropping series of screenshots of successful transaction to trigger them into trying out by depositing to the Bitcoin address showing on the site which belongs to the fraudster.

How to detect this; No investment platform has a social media group where the admin is only showing proof of successful transaction, you can never DM your fellow group members to ask them questions, members of the group do not post comments, only admin does that. These are the signs, stare off.

[Israelgogo]

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

I think if the person were to show off more, such as their account balance, wealth, and proof of transactions with others, we would be suspicious because most of these traders are nothing more than scammers who sell an image rather than demonstrate consistent trading skills.
We need to be wary of what they offer and not easily believe every claim they make, especially when those claims seem too good to be true. Because it could be just a ploy they're creating to gain your trust and then scam you once you've already invested your money.
That's why it's important not to easily believe anything you find on the internet. Especially when it comes to Bitcoin, it's always better to do your own research and not trust anyone.

On a serious note, I agree with you we need to remove the mentality of looking things to be too good and jump into it all because you feel someone is expert, personally I have learnt my lesson to trust someone wholeheartedly all because you're my mentor or instructor, imagine after putting all you hard

[letteredhub]

I noticed that many sites has scammed a lots of people and some of this wallets introduced by this criminals most at times is forge from original btc chain wallet and they'll be able to convince you to fall victim, from instance someone I know was into yahoo but he pose to deal on btc trading and investment, like he will ask people to come learn trading or investment with him base on his Instagram evidence of Transactions and clients he keeps posting with clean receipts, many people fall victim go to him create wallets with him, or even train you on how to trade, master you on it, then he will give you all your information and details to go and establish yourself and start doing it yourself but afters some months or a year he will still be the one to stay in his office and wipe your wallet, he was into this frauds for 5 years but finally they caught him and seize everything from him.

Did you know why he the scammer who pretend as teaching you bitcoin was able to wipe off the bitcoins in the wallets of those gullible people he teaches about cryptocurrency as also bitcoin? He was the one who helped them create the bitcoin wallet so it possible he has access to the bitcoin wallet keys.

Reason why the famous statement, not your key not your wallet, it's because, anything that makes a third party have knowledge of your keys the coins in the wallet doesn't belong solely to you alone. He/she can wipe it at any time with access to the wallet keys.

[Questat]

With bitcoin, not your keys, not your coins. Now if someone demands your private seed phrase because for this or that reason, do not hesitate to call him an impostor, a fake, trusted friend. No one deserves to know our own private keys but only our own selves, so if he breaks that, obviously he's into something, to steal what you have in your wallet.

Some even promise guaranteed high returns, that's very unlikely with bitcoin. Bitcoin is too volatile and unpredictable, you can't even tell when you are going to make your first profits due to bitcoin's volatile issues.

[BitMaxz]

You shouldn't trust anyone online; even if it is your friend for a long time, they can still deceive you to run all of your funds.

Pretty bad. I do not know how that guy has access to other people's wallets. If you are using an unknown wallet or exchange, then you have already fallen victim to a phishing site. You are the one who should do deep research to confirm that you are not using any of these sites and that guy might be using some deepfake to edit screenshots of his receipts. Unlike seeing them physically, you can confirm if it's legit or not.

For me, I don't trust anyone easily unless they already have a reputation here on the forum. I don't trust anyone outside of this forum unless we meet.

[As-Soon-As]

So how do we identify someone you trusted to be close or far who's into Bitcoin trading and investment yet is a fake person?

No matter who it is, you should not trust anyone blindly, because cryptocurrency matters and transactions are the most confidential. So you should not share your personal matters with anyone, as your money will be at risk as you said. The person who taught them eventually embezzled all their money, (although he was eventually caught) but the lesson to be learned from this is that no matter who you learn about investing or trading from, you should keep your wallet secret.
Then the chances of such a dangerous incident happening are very low, there are many mistakes in the initial research, due to which people face danger.

[jcojci]

Don't trust 100% on online because we don't know their real intention to us. They can talk about their success but you should not too curious and pretend you can't be like them. You should be careful in online world because they can tricks you easily even without you realize. The important is you don't gives your money to them even they offers you an easy way to make money. Trust me, no easy money can be earned if you don't hard work.

[Asuspawer09]

It was for sure going to be difficult to tell if you have no actual knowledge on it, I mean someone could easily trick you into investment but if you doesn't know a lot about crypto he could say that the seed phrase or the private key wasn't really an important thing something like that and with just that small details it was going to be really easy to truck someone or drain there wallet when you were already on the point of trusting someone.

I always tell and recommend to people that is just getting started on cryptocurrency or Bitcoin is just to don't let anyone invest for you, if you want to invest on Bitcoin you should be the one that is going to do it, you should be willing to do the research, willing to put on the time, if not then Bitcoin was just something that you should'nt put money on or maybe your just not ready for it. I mean if you stick to that, you could avoid a lot of red flags and avoid being scammed or tricked by someone. Knowledge was just the most important, for sure, for someone who is just a beginner if you are aware and know how things work, it is almost impossible for anyone to trick you or drain your wallet.

[Ojima-ojo]

Whatever you are doing that involves investment or trading, never hand out your money to anyone to trade or invest for you no matter the level of evidence they are posting online.


Those investors and traders who are actually making profits are not active online on social media, because they already make money and are not ready to teach anyone the skills either for a fee or for free., first red flag is showing off of success online is all fake.