Do not believe any offers that sounds too good

[coinlary]

Alll the story bebinfld it means nothing, they are all made up to make some sense to their targets, all they want from you is the deposit. Once you deposit, they will ghost you immediately or nurture you for a while to see if their victim is dumber to male more deposit before finally ghosting you lol !

Now imagine they manage to convince  atleast 500 people to deposit $50 each, that's  $25k  .

I mostly blame the greedy nature of humans .

[Makus]

Money doubling is a scam and no matter how well people try to make it sound reasonable it is always going to remain a terrible decision anyone can make. Bitcoin should be there invested and not to be used to make quick money because that's no really what it's all about, Bitcoin is meant to be a gradual investment and not the one that gives quick profits. Anything that offers double of the amount you invested within a week or few days is a scam, I wonder why this is difficult for a lot of nigerians to realize.

[Byebyebtc]

As a Nigerian these are natural instinct already

Any thing that seems too good to be true is automatically and naturally avoided after the experience of MMM and the other scams we experienced, we should be wise enough by now to know these things. Infact at this point 100% no de sound normal for my ear again, as soon as I hear 100% and the settings get how e be I don commot body, wether crypto or not crypto.

[AVE5]

I actually do not want to use pidgin because I know we do have visitors here for them to also learn from this experience and remain alert whenever they come across such incidents.

You've talked so well by sharing that of your experience but I don't think the excuse of you about the pidgin language was that necessary. The main the that matters is a convenience means of communications for members.
Perhaps you've the interest of relating this post to other user's that're not from our locality, then you should better post it to the general board After all the information you're passing isn't a local news.
Same time, Ponzi networking schemes isn't a new one anymore and I trust the disappointment of the MMM should had thought everyone the lessons not to trust any golden promising with the influencing ease of becoming quick rich. Although like you've said, there's also need to keep spreading the likely scamming strategies for newbies to also stay informed and safe.

[ColdLava40]

I actually do not want to use pidgin because I know we do have visitors here for them to also learn from this experience and remain alert whenever they come across such incidents.

Legit people will never message you first to give you an offer to better your life. The don't really care about you and when a stranger starts to care it is a sign of threat to you.

Some people still fall victims, some are just too easy to prey on that is why these scammers still go on because they believe they can still get more people.

Only if people become really smart and avoid any offer that is just unbelievable to the normal ears.

[Jubilee58]

You really do well to share this post here, because if na person wey de new for cryptocurrency en for don fall finish, and na so dem de carry de scam people. Wetin me I de talk be sey, make people no de too eager to make money, we no sey to make money de very important but make e be for genue way. No where wey money de come free, so e dey good make you involve for genue investment. If you want invest for Bitcoin, invest, then hodl for some years, and your investment to make profit for you. Na to look for quick money de make some of us fall for these scammers, and by the time you don fall for dem, na two things de involve, one you go loose your money, and second thinking go enter your body wey fit even bring other health problem join. So make we dey very careful, and make we stay safe too.

[Nightwatchmare]

At first, when you make the deposit they will send your profit to make you believe that what they’re saying is true and as a result of that you will have to increase your next deposit so you can earn higher profits, and from there the whole system stopped working and your money is gone. Anyone that’s promising you a quick profit In bitcoin is trying to scam you, bitcoin investment does not guarantee quick profits. Many people who do not understand how bitcoin works easily fall for this kind of scam because they are not familiar with bitcoin. It is important for people to really get to understand bitcoin because if they truly do, they will hardly fall for this kind of scam.

From the way you talk, it seems you have been a victim of this kind of scam or your friend or loved one have had this experience because a friend of mine who fall for this kind of scam it was the same trick they used on him, and before he could detect it is a scam he has already made his second deposit which he did get ROI like he did in his first deposit. Even if Bitcoin investment guarantee quick profit, Bitcoin investment is not done the way Op explained, in Bitcoin investment you are fully in charge of your investment and you must hold your Bitcoin for at least 4 years before you can even start seeing good gains. Anyone asking to deposit Bitcoin in a place where only you do not have access to its private keys for you to receive ROI in giving period of time just know that it is a scam scheme, and you should block the person right away.

[Eldestyoung]

One thing people need to understand is that nobody is giving away free money in the crypto space, any platform promising guaranteed returns, huge bonuses or quick withdrawals just to convince you to deposit Bitcoin should be treated with suspicion.
Remember, if an offer sounds too good to be true, it probably is. Never let the desire to make quick money put your hard earned money at risk.

[Franklyn-wood]

This is the reason why it's not good to desperate in every thing that you are doing, just assumed you didn't take your time to understand how scammers works you could have been scammed by now but as someone who knows how they function it was very difficult for them to run you street on your funds, and do not be surprised that person who chatted with you on social media is the person that knows you very and understand that you are into Bitcoin or digital currency. This the reason why people must remain vigilant at every time because you may not know the style and pattern that they could usually tie enter to directly.

This fraud stars are very smart and vigilant, they come with different pattern to different people sounding differently. Imagine chatting with him on social media then coming as a different entity to steal is hard earned investment. Thank goodness he didn't fall prey to there tricks it would have been a painful experience. When greed is removed from the mind it makes it a little more safer with personal security consciousness dealing with scammer beill be easier.

[Obari]

I was pm few weeks past on my social handle telling me j can start to make specific amount from a site that I do not have any idea of, even to the extent of nearly saying for the first time deposit I will receive 100 percent bonus and when I also refer, I will be earning around 50 per anyone who happens to sign up through my link that I can make withdrawal within 48 hrs of my sign up. I was like, does this person really think that I am a novice on the run or in the cryptocurrency world? Then I told him to invite all his family members and help them out that is just the good thing he could help his family to achieve.

Like I do not understand, I should deposit at least 50$ to 100$ worth of Bitcoin to the site then I will receive back without doing anything. Like what the fuck should I send even a peanut to that site?

I have to share here for us to be very careful, especially those newbies that are looking for every possible way to at least earned something from the space can easily be lured into such offers without knowing that is fake.

I actually do not want to use pidgin because I know we do have visitors here for them to also learn from this experience and remain alert whenever they come across such incidents.

The moment a thing looks too real to be true, then just run else you might not be happy at the end.
The reason people would want to fall for things like this is simply because of greed and when offers like this is made to a greedy person, the options might not and would never be the same and in some cases, these greedy victims alway want to act smart like they want to clam they have made research and when in most cases, they notice that what they are about going into is not genuine but they always want to take the risk hoping to come out of it because it crashes.

I don't know how best to see explain what's in my head but just know that greed is one of the major reasons why a person would fall for these kind of scams in 2026 and always remember that, the moment a thing is too real to be true, please run from it .

[IjawMan]

Money doubling is a scam and no matter how well people try to make it sound reasonable it is always going to remain a terrible decision anyone can make. Bitcoin should be there invested and not to be used to make quick money because that's no really what it's all about, Bitcoin is meant to be a gradual investment and not the one that gives quick profits. Anything that offers double of the amount you invested within a week or few days is a scam, I wonder why this is difficult for a lot of nigerians to realize.

Who does not want to make money and more interestingly when it is promising to be quick and easy. But na for there the trap deh. Bitcoin no be like the ponzi scheme weh we the hear of for our country cos na that one people done really deh use to.

The virtue to dey patient and not to feel like them the waste their time na whetin plenty of them no get, and add to no knowledge about real time investment them just lose their sef to the wrong places and scams.

[samadam007]

As a Nigerian these are natural instinct already

Any thing that seems too good to be true is automatically and naturally avoided after the experience of MMM and the other scams we experienced, we should be wise enough by now to know these things. Infact at this point 100% no de sound normal for my ear again, as soon as I hear 100% and the settings get how e be I don commot body, wether crypto or not crypto.

These ponzi sites keep multiplying everyday because they’re getting a lot of victims. It won’t be rampant like this if people are not falling for it. They’re just taking advantage of the hardship in the country to lure people into believing they can make money. You’d be surprised it is not only ignorant people that fall for things like this, even some victims are aware it sounds too good to be true, but they still go ahead to see if they can milk from the platform.

[Gost ms]

As a Nigerian these are natural instinct already

Any thing that seems too good to be true is automatically and naturally avoided after the experience of MMM and the other scams we experienced, we should be wise enough by now to know these things. Infact at this point 100% no de sound normal for my ear again, as soon as I hear 100% and the settings get how e be I don commot body, wether crypto or not crypto.

These ponzi sites keep multiplying everyday because they’re getting a lot of victims. It won’t be rampant like this if people are not falling for it. They’re just taking advantage of the hardship in the country to lure people into believing they can make money. You’d be surprised it is not only ignorant people that fall for things like this, even some victims are aware it sounds too good to be true, but they still go ahead to see if they can milk from the platform.

We are victims of such situations because of our mistakes. If we have not made any mistakes, then we will never be victims of such situations. We do not have any desire to gain knowledge about the mistakes we make, we do not take any action on what we can do to protect ourselves from such situations. I have seen some people who pursue a subject but they never pay attention to safety, they think that we will never face danger, but it is not like that at all.

Every person needs to pay attention to safety in the beginning. If they can pay attention to safety, then they will definitely be able to protect themselves from such situations.

[Yorubasrm]

Every person needs to pay attention to safety in the beginning. If they can pay attention to safety, then they will definitely be able to protect themselves from such situations.

End of the day: being able to stay safe has become the most important thing in the present time. Even a small mistake can cause everything to be lost, which is why we have to put the maximum possible effort into security.

We have to be aware ourselves and we must take these kinds of steps that are necessary to keep everything of our own protected.

[Jerrycrypto2024]

This makes me always scared of joining crypto currency groups or airdrops groups on telegram ] because it looks like a farm that scammers go to to harvest potential victims who are greedy and needy to make quick cash.
It's still a pointer to remain vigilant mostly with the increased frequency in hacks ongoing and mostly during this ember period when all evil actors are doing so much to cash out big from unsuspecting victims.

I don't like such kind of referral programs in the first place and find it hard to even read through the nonsense they write many of the times because all I see is just scam project.

You're right about that, because it surprises me the way people are being attack most times. There are people who are almost 100% sure that they didn't give up their contact not even their email or username to anyone on telegram then how come  did this scammers get to know Their username or what they are into? maybe they just search randomly. But I don't think so, those scammers doesn't launch attack without knowing the way about of a person. And yeah this telegram airdrop groups you mentioned really exposed people to getting scam and I won't deny the fact that it also help many people.

I will agree with you both that majority of the failed airdrop, which most time many have submitted their credentials request for KYC is just having hidden agenda of gathering people data which they are to used in future for this scam attack purposes, if one far checked it's hard to realize how all your credentials will be in the hand of scammers without a linkage any where it's beyond normal having person contact, I also perceived that they are social media guru that have some device in tracking number they captured in getting more details, but one thing is sure scammer always have their logic one one must always catch them if truly conscious enough not all Link message or award of wining forwarded to you is to be given attention knowing fully well you have not applied for such and no free food anywhere without a price.

[Cityhunter34]

I have to share here for us to be very careful, especially those newbies that are looking for every possible way to at least earned something from the space can easily be lured into such offers without knowing that is fake.

I actually do not want to use pidgin because I know we do have visitors here for them to also learn from this experience and remain alert whenever they come across such incidents.

It is not hard to identify something that is not genuine, but due to the fact that most people want to become rich overnight, that is what can actually make them fall into a scam. We don't need to bother ourselves about every offer, because it doesn't always end well.

It is absolutely advisable for us to always understand that good things don't come easily, which is why we need to do our own proper research before venturing into anything.

[Nasdel4]

Experience will make you understand that before putting your money into anything that multiplies it, there is need to understand the process of how the money gets multiplied and if the process isn't straightforward then it's obviously a scam. It's common for desperation to put a lot of persons in this line of fire where they get ripped of their resources due to their ignorance or reluctance to make further enquiries. As long as it involves money you have to get your facts right so you don't just lose it to some cheap scam.
If the site explained that it's an automated trading platform with bots that take trades on a timely basis and informed you that there is also a probability to lose then it's reasonable to understand not when all they promised is profit and incentives.

[Sticky Bomb]

Money doubling is a scam and no matter how well people try to make it sound reasonable it is always going to remain a terrible decision anyone can make. Bitcoin should be there invested and not to be used to make quick money because that's no really what it's all about, Bitcoin is meant to be a gradual investment and not the one that gives quick profits. Anything that offers double of the amount you invested within a week or few days is a scam, I wonder why this is difficult for a lot of nigerians to realize.

People obviously don't learn else no one would still be patronizing these cheap tactics. How can you believe a money doubling offer while there is no valid way they generate the ROI, neither are there valid documents that they use to operate?

Should I say the economy have left a lot of people desperate that they just put money into any offer without any verification of its originality? Scam offers are easy to spot but people are quick to trust them without doing the slightest due diligence. most people think they'll be lucky enough but in the end they get stuck because scammers are always a step ahead of them.

[NewRevelation]

Such stories are the beginning of Ponzi and a clear fraudulent activity. Who will multiply the money? How does it get to 100% within 48 hours of your deposit? And if it doesn't, who would you hold responsible.

I love the advice you gave to him, he should invite and help his family members.
At this present time, anyone who still losses money to this internet fraudsters in this manner is not serious at all and will have themselves to be blamed. From the conversation, it's obvious that it's a cheap way to get money out of your hands without repayment. People should always act with wisdom when they get such information, especially from unknown persons. Even though it is from someone you know, we should always apply wisdom and think well.

[SDS11]

I was pm few weeks past on my social handle telling me j can start to make specific amount from a site that I do not have any idea of, even to the extent of nearly saying for the first time deposit I will receive 100 percent bonus and when I also refer, I will be earning around 50 per anyone who happens to sign up through my link that I can make withdrawal within 48 hrs of my sign up. I was like, does this person really think that I am a novice on the run or in the cryptocurrency world? Then I told him to invite all his family members and help them out that is just the good thing he could help his family to achieve.

Like I do not understand, I should deposit at least 50$ to 100$ worth of Bitcoin to the site then I will receive back without doing anything. Like what the fuck should I send even a peanut to that site?

I have to share here for us to be very careful, especially those newbies that are looking for every possible way to at least earned something from the space can easily be lured into such offers without knowing that is fake.

I actually do not want to use pidgin because I know we do have visitors here for them to also learn from this experience and remain alert whenever they come across such incidents.

That is a scam format - 100% bonus, 50% referral, withdraw in 48hrs, deposit $50 to $100. Once you hear that kind of offer, just know it's a trap. No legit platform will double your money for doing nothing. They always target newbies who are desperate to earn, that's why we need to keep warning people. In crypto, if something sounds too good to be true, it is definitely a scam. And your reply to him was perfect if the site is that good let him invite his family members first and make them rich.
Thanks for bringing it here so others can learn. We really need to stay alert, nobody should send even 1$ to such sites.