Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Findingnemo on April 16, 2024, 09:11:54 AM
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
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I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
It's not only Cryptocurrency Ponzi but anything that has the model of the Ponzi Scheme whether in Crypto or fiat, nobody should invest in a Ponzi scheme it has been proven that in a Ponzi scheme, only the admin and the early birds are the ones to make money it's sustainability depends on the flow of money coming in.
Once there is no money coming in anymore the admin will run away with all the money, there is no business model for a Ponzi scheme so its better to stay on a platform that is similar to a Ponzi scheme.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
Most of the people being scammed allowed for such when they express their greediness towards an offer because of high pay involved, we cannot deceive ourself on what is not it and expect it to become it, anything that looks too real to be true should not take chance on us and we should as well avoid making haste decision without making research at first with gambling, this is how we should expect for such.
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It's not only Cryptocurrency Ponzi but anything that has the model of the Ponzi Scheme whether in Crypto or fiat, nobody should invest in a Ponzi scheme it has been proven that in a Ponzi scheme, only the admin and the early birds are the ones to make money it's sustainability depends on the flow of money coming in.
Even though it's very old method still the number of people falling for ponzi scams are quite high, if there is no scope for this scammers then why would they agressively promoting their ads in this time.
What surprises me is that some people who got scammed in a similar way is trusting again and again to invest their money. This is result of greediness for sure but how the government can let these scammers to operate with complete freedom in most part of the world.
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Unfortunately, too many people do not know what a Ponzi scheme is, and even fewer understand what cryptocurrencies actually are, which means that scammers have a very easy task. When we look at all the news about failed projects, fake exchanges, phishing and everything else that scammers use, it is clear that it is a very profitable business that succeeds precisely because there are a huge number of people who simply do not know what they are doing.
As long as such things are not taught in schools, unfortunately there will be no changes in society - and a successful scam always requires a scammer and a naive victim - when (if) there are no more such people, then neither scammers will be active anymore.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
The scam of bring one and collect two has been in existence for a very long time even outside the cryptocurrency industry. But I am surprised that people are still falling for such kind of well-known scam. Robbing Peter to pay Paul is the basics of Ponzi. But one funny thing is that some people will know that what they are into is Ponzi scheme, yet they would want to continue because they are early adopters and as they will say they will cash out before the system will crash. Ponzi is not a good system to adopt.
Now that bull run is by the corner, many Ponzi schemes will spring up to rob people their hard earned coins since bear market.
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I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
You just remind of the days I started crypto and when I know nothing about this crypto of a thing but I have been hearing of Bitcoin and some top 10 coins how people make money from them and because I personalize my Google information, they give me ads based on what I search, so I do see a lot of guys post about crypto and how they make money from crypto investment, you see them with flashy cars, expensive Bugatti and Ferrari and it obvious to me that these pictures and profits that are been posted is too good to be real. I later did my research and they are bunch of scammers. We have many of them pretending to be successful investors and crypto firms.
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During bull season many creators create their projects with the hope that bull season will move their projects to a higher level but most of the creators just want to earn money with the help of their scam projects.
Some people get trapped in scam projects due to hope of getting rich quickly. The better way to avoid these scams is during the bull season we have to invest only in top or previously proved successful projects and if we get involved in Ponzi scheme then it will be our big mistake which will lead to big loss.
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There are so many Ponzi schemes and there have been so many Ponzi schemes in crypto world. The amount of Ponzi schemes increase during the bull run because it's the bull run's time when everyone talks about crypto and gets interested in it.
Only awareness can save us from such Ponzi schemes because the ones who create such schemes only target those investors who aren't aware about such schemes and without proper awareness one can never spot that something is fishy.
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I think airdrops are much better in comparison to these kind of ponzi schemes though airdrops are not guaranteed profitable but atleast we don't waste our money. Sad to say there are still a lot of people who fell in this kind of investments nowadays, I just don't know why they are not getting the lessons from the past mistakes I think once is enough. 😅
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Stay away from crypto ponzis!
Exactly, watch out of this kind of ponzi scheme. Because of that, there will definitely be, and there will definitely be lots of them popping up wrapped in various concepts, both old and new, both with old and new trends. especially now, there is still a lot of popularity regarding meme coins and AI projects, it seems like maybe it won't be far from that. Unless there are other trends that emerging.
Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
I'm always thinking about new people getting involved in the crypto space. Usually, they are the ones who will become victims, indeed not all of them, but most of the victims are beginners. Moreover, those who are quite greedy, not alert, and who expect instant high profits, are very easily deceived by all these Ponzi schemes. However, from year to year, there will still be many people who become victims. Even though we are increasingly promoting education regarding the dangers of crypto ponzi, it seems meaningless.
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It is just for new altcoins got from new projects. If we don't want to join Ponzi, we just stay away from the new altcoins. Old top coins are the best choice if we want to avoid Ponzi, Ethereum is the most ideal altcoin besides Bitcoin. If we just focus on investing in BTC and ETH, there is no way to get Ponzi. Even, there are many people who only focus on Bitcoin investment because they don't believe in altcoins due to too many Ponzi cases.
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We have to be wary of very easy investment schemes, because we all know that getting money itself is not easy. Ponzi is still very popular today, and their targets are people with low knowledge so that it is easy for victims to do whatever the perpetrator of the Ponzi fraud says.
In essence, don't easily believe promises made by someone regarding the ease of getting money with little risk. It could be indicated as a scam.
As a form of cryptocurrency friendship with newbies and professionals, it's a good idea to remind everyone who is often the target of fraud. We help them with brief education so that they don't fall into the trap of fraudsters.
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We should always remember that when a program is offering skyrocketing ROI then it can possibly just be another scam. Right now, I am always reading many DMs in Twitter or X telling me to invest on this and that but I am already so sure they are just scams and once you got into their trap you will certainly be losing the money you supposedly invested, When something can be too good to be true then we should start to doubt. Scammers are working hard and double time these days when cryptocurrency is already being talked in the mainstream media and new people are coming in everyday. The big problem is really the lack of education so that newbies can be easily swayed in an appeal for their greed. Ponzi schemes have been here for so many years and yet there are still people who became willing victim and it is all because we are thinking of what we can get without realizing what we can lost. Aside from Ponzi type of scams, there are also many forms of frauds happening everyday in the market and one thing for sure these people can be so creative in their traps so we should be aware of them and should share them to our friends so they won't be victimized by these evil people.
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If you are greedy, no matter how smart and careful you are, scammers will find a way to deceive you, so stop being greedy and learn to research and ask before you invest.
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People fall for scams for two main reasons ignorance(naiveity) and greed. The funny thing is many victims have been pre warned about such but they chose either way because they saw fake evidence or a friend says it's legit without even doing their own research.
Ponzi is not limited just to crypto, it happens locally in various countries mine is an example.Forsage hype brought me to cryptocurrency.Though I didn't invest due to my paranoia but was almost tempted due to the testimonies but overcame it by buying and involuntarily keeping my ETH since I kinda misplaced the key. But it all turnout for good..
The essence is even with all this warning who would fall would still but I guess we can't stop trying.
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If you are greedy, no matter how smart and careful you are, scammers will find a way to deceive you, so stop being greedy and learn to research and ask before you invest.
Agreed, greed is one of the loopholes that can be exploited by fraudsters against potential victims. Keep in mind that fraudsters are usually smart people, but they abuse their skills to deceive and harm other people. They also definitely have a target who will be their victims, one of which is greedy people, beginners and many more.
We must always think logically, especially since the OP said that the profit that will be obtained is a very large amount which does not make sense.
For me, people who have been around for a long time and are experienced and also have knowledge about crypto, they will be able to avoid Ponzi schemes like that.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
Scammers have been using this method of defrauding people for a long time because they continue to profit from it. I am too a victim of this type of fraud, however I have discovered that this too good to be true project is a scam. Just think what their investment strategy is and why they give out 10% every day. Probably if they offer you this type of stuff, it's a fraud. First of all, once you invest your money in an online platform, the danger is already present, so you need carefully choose which platform is worth investing on. If you've learned crypto well, you won't fall for this again.
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For me, people who have been around for a long time and are experienced and also have knowledge about crypto, they will be able to avoid Ponzi schemes like that.
People who are in crypto and people who know can be two different people. As I said in my previous post people keep falling for Ponzi back to back also happening and this won't be possible if they acquired knowledge related to crypto investing.
There are only two real investments that we can trust to get crypto in return for investing our crypto. One is staking on exchanges which gives 5-8% returns per year and casino bankroll investments which gives returns based on the casino's profits.
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If you are greedy, no matter how smart and careful you are, scammers will find a way to deceive you, so stop being greedy and learn to research and ask before you invest.
Being greedy is the most harmful behavior which will create difficulties for you in the way of success, and a greedy person cannot get his desired profit because his wishes increase day by day due to which he misses to take his deserved profit too.
Your Knowledge will be hidden by your prominent greediness and your experience will not work for you therefore if you overcome your greed you can get what you want.
If someone learns so much but he has no control over his greediness then there is no use of such knowledge and all things will just be time wasting.
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Being greedy is the most harmful behavior which will create difficulties for you in the way of success, and a greedy person cannot get his desired profit because his wishes increase day by day due to which he misses to take his deserved profit too.
Your Knowledge will be hidden by your prominent greediness and your experience will not work for you therefore if you overcome your greed you can get what you want.
If someone learns so much but he has no control over his greediness then there is no use of such knowledge and all things will just be time wasting.
I believe that knowledge can help curb blind greed in this market. When investors understand staking rewards, they will not fall into traps related to staking with unreasonably high APRs. When they know that Tron has a TRX token, they will not buy scam tokens with the ticker TRONX. When they know that it is very difficult to invest and make a profit in this market, investors will not send 1 ETH hoping to receive 2 ETH...
The traps in the crypto market are becoming increasingly sophisticated, involving both browser malware and fake tokens on DEXs to steal users' assets. It is difficult for us to be wary of them, but Ponzi schemes are often easier to spot due to their unreasonable returns. Investors only need to do a little research or ask someone with a bit of experience in the crypto market to avoid these Ponzi schemes.
Interestingly, in many cases, even though they know it is a Ponzi scheme, many people still participate in the hope of making a quick profit and then withdrawing and pushing the risk onto latecomers!
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Most of the people being scammed allowed for such when they express their greediness towards an offer because of high pay involved, we cannot deceive ourself on what is not it and expect it to become it, anything that looks too real to be true should not take chance on us and we should as well avoid making haste decision without making research at first with gambling, this is how we should expect for such.
I have come to notice that Ponzi investment scams don't have specific targets. Different people are usually attracted to them due to the massive scam offers that come as profits. The major people who are easily attracted are newcomers who are new to the crypto space and would love to get rich overnight. Something funny about this is that newcomers tend to have a higher chance of coming across such scams than those who are already in the crypto game.
Scammers have been using this method of defrauding people for a long time because they continue to profit from it. I am too a victim of this type of fraud, however I have discovered that this too good to be true project is a scam. Just think what their investment strategy is and why they give out 10% every day. Probably if they offer you this type of stuff, it's a fraud. First of all, once you invest your money in an online platform, the danger is already present, so you need carefully choose which platform is worth investing on. If you've learned crypto well, you won't fall for this again.
I literally don't understand how people tend to believe stories that are too good to be true. Why on earth would a person offer a 10% investment reward daily? People have to learn that crypto Ponzi schemes are questionable, and proper research must be done whenever one comes across such schemes. Moreover, there are several coins to invest in rather than looking for a shortcut to success.
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Scammers have been using this method of defrauding people for a long time because they continue to profit from it. I am too a victim of this type of fraud, however I have discovered that this too good to be true project is a scam. Just think what their investment strategy is and why they give out 10% every day. Probably if they offer you this type of stuff, it's a fraud. First of all, once you invest your money in an online platform, the danger is already present, so you need carefully choose which platform is worth investing on. If you've learned crypto well, you won't fall for this again.
I literally don't understand how people tend to believe stories that are too good to be true. Why on earth would a person offer a 10% investment reward daily? People have to learn that crypto Ponzi schemes are questionable, and proper research must be done whenever one comes across such schemes. Moreover, there are several coins to invest in rather than looking for a shortcut to success.
One thing I've learned in crypto to avoid being scammed is to buy a token or a coin in a trusted exchange such as Binance. Even though they only list good coin but this doesn't mean that all coins are worth investing for a long time. Not all the time the investors will stay to them especially if they noticed that the project are only good at telling their plan. So we have to do a research to a coin we want to invest in to get a higher chance of making huge profit in the long run.
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Scammers have been using this method of defrauding people for a long time because they continue to profit from it. I am too a victim of this type of fraud, however I have discovered that this too good to be true project is a scam. Just think what their investment strategy is and why they give out 10% every day. Probably if they offer you this type of stuff, it's a fraud. First of all, once you invest your money in an online platform, the danger is already present, so you need carefully choose which platform is worth investing on. If you've learned crypto well, you won't fall for this again.
I literally don't understand how people tend to believe stories that are too good to be true. Why on earth would a person offer a 10% investment reward daily? People have to learn that crypto Ponzi schemes are questionable, and proper research must be done whenever one comes across such schemes. Moreover, there are several coins to invest in rather than looking for a shortcut to success.
One thing I've learned in crypto to avoid being scammed is to buy a token or a coin in a trusted exchange such as Binance. Even though they only list good coin but this doesn't mean that all coins are worth investing for a long time. Not all the time the investors will stay to them especially if they noticed that the project are only good at telling their plan. So we have to do a research to a coin we want to invest in to get a higher chance of making huge profit in the long run.
Yeah since it is a trusted exchange then it offers reliable and trusted coins as well. Though it is still risky due to the fact that crypto is volatile it is still up on us whether we buy with the hype or you have your own strategy. Scam actually occur on presales, dexes or other early launch platforms which investors should watch out as rug pull is quite common in there.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
This cases ever happening with some Youtube or social media account exchange got hacked and they are giving offer investment with return around 10% depend on amount investing.
I think all cryptocurrency current understood well about cryptocurrency ponzis investment, they will not interested yet with this model of investing. Maybe the beginner or new comer in cryptocurrency will easy to participant because they don't know well with investment ponzis working.
Its seems old investment of ponzi and not relate if scammer make this way to get investor deposit or donate their fund, all people smart right now and know which one trust or not.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
I appreciate the thoughtfulness in this post. Indeed scams and ponzis have been on the rise lately. Now, more than ever, its necessary to remain cautious when dealing with anything crypto-related.
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While many people in the cryptocurrency community are aware of these scams, newcomers can be particularly vulnerable because they might not be familiar with how Ponzi schemes operate. It's true that many people are becoming more knowledgeable and cautious about where to trust their money, but scammers continue to find ways to deceive users. It's always important to be vigilant, do thorough research, and never invest in something that promises guaranteed returns with little to no risk.
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Its seems old investment of ponzi and not relate if scammer make this way to get investor deposit or donate their fund, all people smart right now and know which one trust or not.
People are interested in making money than ever before it doesn't mean they know what they are doing. GenZ kids may not even have deep understanding of what is investment model but most of them have been a part of social media influence which teaches them wrong information. Indeed it's important to know who to trust and now, majority don't really chose the right ones.
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Its seems old investment of ponzi and not relate if scammer make this way to get investor deposit or donate their fund, all people smart right now and know which one trust or not.
People are interested in making money than ever before it doesn't mean they know what they are doing. GenZ kids may not even have deep understanding of what is investment model but most of them have been a part of social media influence which teaches them wrong information. Indeed it's important to know who to trust and now, majority don't really chose the right ones.
You could actually be able to save up your ass if you are really just that mindful on making up some research first before you would really be taking any step forward or making out some decisions because the main mistake of those newbies is that they do make themselves that become impulsive and this is why they do really end up on making out some investment
without even trying to look at when it comes to the risks involved. Just bare in mind that everything which is really that too good to be true is 100% a scam.
Nothing on this world such as easy money and this is something you should put up in mind.
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Scammers have been using this method of defrauding people for a long time because they continue to profit from it. I am too a victim of this type of fraud, however I have discovered that this too good to be true project is a scam. Just think what their investment strategy is and why they give out 10% every day. Probably if they offer you this type of stuff, it's a fraud. First of all, once you invest your money in an online platform, the danger is already present, so you need carefully choose which platform is worth investing on. If you've learned crypto well, you won't fall for this again.
I literally don't understand how people tend to believe stories that are too good to be true. Why on earth would a person offer a 10% investment reward daily? People have to learn that crypto Ponzi schemes are questionable, and proper research must be done whenever one comes across such schemes. Moreover, there are several coins to invest in rather than looking for a shortcut to success.
One thing I've learned in crypto to avoid being scammed is to buy a token or a coin in a trusted exchange such as Binance. Even though they only list good coin but this doesn't mean that all coins are worth investing for a long time. Not all the time the investors will stay to them especially if they noticed that the project are only good at telling their plan. So we have to do a research to a coin we want to invest in to get a higher chance of making huge profit in the long run.
Yeah since it is a trusted exchange then it offers reliable and trusted coins as well. Though it is still risky due to the fact that crypto is volatile it is still up on us whether we buy with the hype or you have your own strategy. Scam actually occur on presales, dexes or other early launch platforms which investors should watch out as rug pull is quite common in there.
In the first place we see a coin newly listed in Binance to be a reliable and trusted coin but when times go by, when the bearish market is starting, the real coin will stay. Binance cares their users that's why they are going to delist all the coins who lose their volume, but this doesn't mean they are scam. This only means that some coins that are formerly listed in Binance are dead coins, meaning investing in them won't make you profit anymore. So it's not literally scamming you but you feel like you are being scam because there's no improvement in the price.
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I agree with this, I just saw maybe like half a dozen scam meme projects for example, they built basically nothing, a token that you can create within 5 minutes with just copy pasting, and you know what they did? Just made some graphics, and put a "fun" name to it. Making the same exact thing would take me about 15 minutes max, the website, the logo, the token, all would take 15 minutes, and they were looking for millions in funding. Thats why it makes sense to say that there are many type of scams and there are many different ways that they are going to try to take your money, so be careful.
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10% everyday? Double your money? Anything new way to scam people?
I mean these ways that they are using is pretty common already but surprisingly, these are still working even though they've been using this for a very long time already.
I want to see a new way of scamming people. There's nothing new. Well, it's working so why change something that's not broken or in this case, why change something that's working. As much as I said that this is a very common way of scamming people, there will still be newbies that will fall for this because they're gullible enough to fall for these scams.
OP said to stay away from scammers. What I will say is to be ignorant and vigilant enough because you don't know what's coming. If it's too good to be true, it's not true.
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The crypto space provides lots of earning opportunities and profitability but a lot of people take advantage of these advantages to defraud naive enthusiasts who are either ignorant or negligent. It's only ignorance and negligence that can make someone fall for such fraudulent promises, although sometimes, greed can also make you fall victim to these common scams.
I mean how can someone you don't even know just fill your head with jargon and promise to give you a 100% profit in 24 hrs, who falls for such cheap lies. Although there are projects that offers even more higher profits but you can never be so sure
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I want to see a new way of scamming people. There's nothing new. Well, it's working so why change something that's not broken or in this case, why change something that's working. As much as I said that this is a very common way of scamming people, there will still be newbies that will fall for this because they're gullible enough to fall for these scams.
The basic plot of every scam is same, steal our money by using our greediness against us.
There are tons of new ways are out there but most of them used by the hackers because we always find a solution to fix the technical loopholes while scammers keep using the century year old method because we didn't learn from our mistakes and tend to keep repeating it again and again until it hit us so hard. :D
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
One might not believe verbal statements even if they are new to all this, but it becomes extremely dangerous when they create websites with such claims which makes a lot of newbies believe in them because they show fake proofs and screenshots, they would even create fake feedback and reviews on their websites only to make people believe in them and make investments with them, and ironically, some people do fall for them and waste their money in such scams.
The biggest reason why people mostly fall for such scams is a lack of knowledge about cryptocurrencies. Some people think that cryptocurrencies are get-rich-quick schemes which is why when they see such websites, they believe they are right and one can earn that much money in such a short time.
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I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
You are 100% right when the market is bullish we see more scams and phishing offers. And the amazing thing is even after advising people to not fall for such scams, they still fell and lose their funds. Actually, it's not their fault because the phishing offers are so accurate and convincing that the victims think he/she should give it a try. And when they make up there minds to give it a try, then they also think why not give this offer a try with more money. And when they give money they cry.
We should report such offers ASAP because newbies and old users both fall prey to these phishing scams, and in order to avoid them we should get knowledge first, because knowledge is what keeps us motivated on the right path as with knowledge we get to know that there is no such scheme that can make us that much money that the phishing offer is offering us.
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We should report such offers ASAP because newbies and old users both fall prey to these phishing scams, and in order to avoid them we should get knowledge first, because knowledge is what keeps us motivated on the right path as with knowledge we get to know that there is no such scheme that can make us that much money that the phishing offer is offering us.
There are more scams of this kind, using phishing links or Ponzi schemes that provide considerable profits.
I even know enough to know by heart what projects can have an impact like this when viewed from the promos provided and some quite strange phishing links.
Early knowledge about various kinds of scams is certainly needed, so you must always be updated about what methods are used by scammers.
We must not lose updates to scammers,
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
These scammers will still have victims no matter how hard we try to prevent people from trying them out. The reason is that there will always be greedy people who their greed will never let them see these ridiculous offers and look away. These people fall victims, and then share their experience to others who mistake the information to mean that cryptocurrency in general is a scam. This is the genesis of why some people have not invested in cryptocurrency because of misinformation.
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Victims of these scammers are looking into these type of stuff themselves, that's the number one rule of scamming, because if you are looking to get scammed, then you will. When people see %5000 return yearly on some DEX type of stuff and invest, are they really the ones who are getting scammed? Or are they looking to scam others and getting scammed in return? I feel like the most important part here is that people who have absolutely no harm to anyone, will not get scammed anyway. Do not try to get rich quick suddenly, if that is what you are looking to find, then you will get scammed anyway.
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There is something we have to see, right now the trend is towards tokens that are memes and tokens that are AI, it is very likely that they are a big Ponzi scheme because they develop them so quickly and do so much in a white paper, which I think Sometimes all this is Followed by a Pattern to quickly get a project out of the way very easily, so this Kind of thing is what makes you wonder , how can they be developed so quickly? The real devs are so monstrous so of course when you start to see each number and each thing, well yes, you can say that they are Projects that come out from today to tomorrow, that there are people who know how to produce this type of projects in just hours They are fraudulent projects and What they do in the end is scam people , Something like what they did in 2021 with NFT games.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
if its good tobe true then that is scam , because no fool that will give us that big returns when they can offer that in their family members and friends .
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
You need to send money to random addresses?
lol that is the most stupid thing to believe knowing that even friends can turn into scammer when we talk about money.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
10% return daily? means you can double your money in 10 days? with that only fool and green will fall.
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Yes every scam is almost same but there strategy may be different. If an investor stays within a limit without being greedy, it is a little harder for them to be caught by scammers. Most of the scam attack invitations I received were investment schemes. Scammers create new sites offering investment advice. A scammers know how to trap an investor. For those who want to get rich quick through investments or looking for a passive income opportunity from an investment scheme, this is the easy way to fall in trap. Investors should avoid investing in any investment scheme until they get authentic information.
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There are more scams of this kind, using phishing links or Ponzi schemes that provide considerable profits.
I even know enough to know by heart what projects can have an impact like this when viewed from the promos provided and some quite strange phishing links.
You are right, and that's known as experience, I can say you have spent a lot of time in crypto or long enough to learn such skill to detect the nature of the project just by seeing there promos. That's awesome BTW. I will not lie but sometimes I judge wrong, as I also try to judge platforms from the nature of there UI, the promos, what and how they are offering people, and mostly I check if they have hired twitter affiliates to shell their project, I have seen many projects doing that and getting a lot of traffic as well. Even I test one acting as a project manger and learned that most of the project do that.
Early knowledge about various kinds of scams is certainly needed, so you must always be updated about what methods are used by scammers.
We must not lose updates to scammers,
Indeed, even if we don't have any kind of knowledge and we are totally new, then in such a situation we should acquire the same type of personality that we would/should acquire when we are left along in Forest just like bear grylls (but with team and water). We will be all alone with no knowledge and now support we will be doing everything with the most care and that's how we should do in this situation as well.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
Well, don't you think it would have been nice to share the Instagram post with us?
Anyways, it's a good warning, one I believe many of us are already aware of, but still, it's good to share this waning here again just incase there are some newbies who have to learning about this possibility and guide themselves not to fall victim.
Bull run is coming, and if it happens according to speculations, this will be one ot the biggest ever in the history of bitcoin and entire cryptocurrency, alot of scammers will try as much and as hard as possible to steal crypto from unsuspecting victims, we all must stay vigilant and avoid falling victim to any investment schemes with unrealistic profit potentials, whatever is too good to be true, is likely not true, we must always have this at the back of our minds.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
- The only people who will fall into such a trap are those who don't know about such schemes and those gullible people who are often just carried away by the hype or the words of trusted friends who, in real life, are not making money. just them
That kind of scheme has been a problem for a long time, and it still exists today because people who are easily fooled have not disappeared. It seems that some people are right when they say that no one will be fooled if no one is fooled.
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I will not lie but sometimes I judge wrong, as I also try to judge platforms from the nature of there UI, the promos, what and how they are offering people, and mostly I check if they have hired twitter affiliates to shell their project, I have seen many projects doing that and getting a lot of traffic as well. Even I test one acting as a project manger and learned that most of the project do that.
You are doing well, trying to check everything so you can know how the quality of the project is.
Detailed research like this will find all kinds of irregularities if the project is really used for fraudulent or ponzi purposes.
Now it is quite difficult, because projects that look suspicious sometimes use many affiliates to promote them and promotions that pay off as if official projects that provide profits.
But in the end it will only bring investors money with fantastic amounts.
Seeing how the promotion is done, also having to check who the partners behind the project are, it will be a pretty good guarantee.
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I will not lie but sometimes I judge wrong, as I also try to judge platforms from the nature of there UI, the promos, what and how they are offering people, and mostly I check if they have hired twitter affiliates to shell their project, I have seen many projects doing that and getting a lot of traffic as well. Even I test one acting as a project manger and learned that most of the project do that.
You are doing well, trying to check everything so you can know how the quality of the project is.
Detailed research like this will find all kinds of irregularities if the project is really used for fraudulent or ponzi purposes.
Now it is quite difficult, because projects that look suspicious sometimes use many affiliates to promote them and promotions that pay off as if official projects that provide profits.
But in the end it will only bring investors money with fantastic amounts.
Seeing how the promotion is done, also having to check who the partners behind the project are, it will be a pretty good guarantee.
10 years ago Ponzi schemes were very popular with many people, when the price of Bitcoin was still very cheap, many people participated in Ponzi, but now Ponzi is unhealthy, everything has the risk of ending in a scam. I have never followed a Ponzi again when the price of Bitcoin could reach this high price. The last time I followed a Ponzi was in 2014 and there were still many Ponzi schemes circulating that year.
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10 years ago Ponzi schemes were very popular with many people, when the price of Bitcoin was still very cheap, many people participated in Ponzi, but now Ponzi is unhealthy, everything has the risk of ending in a scam. I have never followed a Ponzi again when the price of Bitcoin could reach this high price. The last time I followed a Ponzi was in 2014 and there were still many Ponzi schemes circulating that year.
The old players certainly already know many ponzi projects, because ponzi projects at that time did develop quite rapidly.
Many even invest their money into obscure ponzi businesses and use crypto names as an attraction.
Take a look at this picture, if you are an old player, of course you know how the crypto ponzi project that disappeared and deceived many people.
(https://www.talkimg.com/images/2024/04/21/jiWeJ.jpeg)
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Talking about crypto ponzi, it's quite scary. Because, there are so many people who have become victims of crypto ponzi so far. In fact, the effect is quite bad for crypto in the eyes of the world, especially in the eyes of ordinary people, who sometimes associate crypto with Ponzi schemes, rug pulls, scams and all other forms of fraud. Society's perspective is sometimes still not very open to technological advances, including Bitcoin and crypto in general. And what's worse, there are still many people who are trapped or become victims of Ponzi, due to their ignorance and unwillingness to understand and analyze the project first. So they only think about instant big profits.
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Talking about crypto ponzi, it's quite scary. Because, there are so many people who have become victims of crypto ponzi so far. In fact, the effect is quite bad for crypto in the eyes of the world, especially in the eyes of ordinary people, who sometimes associate crypto with Ponzi schemes, rug pulls, scams and all other forms of fraud. Society's perspective is sometimes still not very open to technological advances, including Bitcoin and crypto in general. And what's worse, there are still many people who are trapped or become victims of Ponzi, due to their ignorance and unwillingness to understand and analyze the project first. So they only think about instant big profits.
In this case, there should be good education for early users who want to get into crypto, the most important thing in education is not to mention too much big profits from Bitcoin, because if you only provide good information about BTC, new players will be tempted without a doubt. they know there are several risks that could result in losing their money if they don't enter the right coin
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Talking about crypto ponzi, it's quite scary. Because, there are so many people who have become victims of crypto ponzi so far. In fact, the effect is quite bad for crypto in the eyes of the world, especially in the eyes of ordinary people, who sometimes associate crypto with Ponzi schemes, rug pulls, scams and all other forms of fraud. Society's perspective is sometimes still not very open to technological advances, including Bitcoin and crypto in general. And what's worse, there are still many people who are trapped or become victims of Ponzi, due to their ignorance and unwillingness to understand and analyze the project first. So they only think about instant big profits.
In this case, there should be good education for early users who want to get into crypto, the most important thing in education is not to mention too much big profits from Bitcoin, because if you only provide good information about BTC, new players will be tempted without a doubt. they know there are several risks that could result in losing their money if they don't enter the right coin
Making up some research doesnt really cost you an arm and leg, it is really just that too delusional and greedy at the same time on which on the time that they've seen some good offering
then they would really be tending to dive in without having that actual research. As long they've seen someone who do make out some money then they would really be making out
some directly generalizations or conclusions that it is really that legit and since human beings are naturally born greedy then we would really be diving on it.
Ponzi offerings are really that too good to be true, but surprisingly or shockingly there are tons of people who do continue to deal up with and ending up on crying.
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No one should think of anything free, because that is how ponzi scheme is. They tell you that you will get a reward for for some activities that you are to carry out, and before you know it, a lot of people will fall for them, and when they are in great profit, they rug pull you. In cryptocurrency and fiat, they are the same. I have fell victim for a ponzi scheme due to greed. So let's not be greedy.
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Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.
Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.
I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.
These days those are the kind trading and investment platforms that existing. And the best way to avoid them is to stick to the one you have been using since. So that you won't fall their trap. And those those who want to become rich overnight are the people that fall the Ponzi Schemes. And those who have been in the cryptocurrency marketplace understand those scammers methods but the newbies are the ones fall for it. And all want you have to do is to popular exchanges like Binance, OKX, Kucoin for trading and Electrum for investment.
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That’s a wise approach. It’s important to be cautious and do thorough research before investing in any financial venture, especially in the cryptocurrency space where Ponzi schemes can be prevalent. These schemes promise high returns with little risk but rely on new investors’ funds to pay earlier investors, creating an unsustainable cycle that eventually collapses.
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Seeing how the promotion is done, also having to check who the partners behind the project are, it will be a pretty good guarantee.
Thanks for the words, I consider advertising a big factor in getting new investors. I have been following these people or influencers on Twitter reading their posts and checking their post frequency, what I don't get is, how much they might be earning just to share false news. It's not that all the influencers are of the same type. Some are promoting memes only and some are really good and making good posts on good projects that are worthy of giving time.
But still, when I see them hiring people just to get instant traffic I doubt them but it becomes more tricky when every new project is doing it, because as I aforementioned its a necessary task so every project do this and that's why becomes hard to differentiate between scam and legit project. Here comes other techniques to distinguish them, like talking with the project team on tg, if they are doing AMAs and sharing useful content there, if they are going to events to get more investments or not etc. etc.
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Seen another one today at Twitter, its really getting rampant these days, a lot of attention towards bitcoin these days so its easy to say what to like and what not to like. I feel like its quite obvious that we are going to have something that will benefit everyone. I think all of this profit making in the crypto world, or at least the possibility of it, made all the scammers come out of their hiding places again, so the yare trying to make it work one way or another. I think its clear that we are going to have a lot of people who will be scammed, either ponzis or some other method, its not really that great unfortunately.
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Seen another one today at Twitter, its really getting rampant these days, a lot of attention towards bitcoin these days so its easy to say what to like and what not to like. I feel like its quite obvious that we are going to have something that will benefit everyone. I think all of this profit making in the crypto world, or at least the possibility of it, made all the scammers come out of their hiding places again, so the yare trying to make it work one way or another. I think its clear that we are going to have a lot of people who will be scammed, either ponzis or some other method, its not really that great unfortunately.
I think this has been an ongoing battle for us crypto enthusiast to stay away or at least from our experience, not to be trap by this ponzi scheme. Around 2018-2019, lots of my friends are asking me about Bitcoin investment and the returns that was promised to them by someone from facebook. I said that was a scam and don't fall for it.
And it you look at facebook as one example of social media that has been taken advantage of the criminals, you will found out that there are a lot of groups or even some random and burner account messaging us and then trying to pull that scam.