Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: David92506 on June 25, 2023, 07:52:15 PM
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I'm A Newbie: How To Tell If I'm Being Scammed.
ADVICE
I joined a popular professional crypto YouTube channel and began one-on-one mentoring through Discord.
He trades on webulltradingbot.com, and he wants me to join that site so he can guide me.
In my research, webulltradingbot.com seems legit. But it's been operating for just one year.
I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.
Now he is pressuring me to put more money into the account so I can make more money.
There is another site called webull.com and I mistakenly sent them an email asking a question. They replied back and said they are not webulltradingbot.com. They claim that webulltradingbot.com is a fake site.
I told my Mentor this and he said it's a legit site.
Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
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It's possible that this person is legitimate and simply wants to earn a higher commission from you. However, there is also a chance that they could be a scammer. The important thing to consider here is that by starting with a large amount, you may be seen as an attractive target for further investment. To protect yourself, it's advisable to begin with a smaller amount and avoid disclosing the actual amount of funds you have to anyone. Your safety is paramount, so it's wise to withdraw your funds and only invest a small amount on that particular site. Take care and make smart decisions.
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I am uncertain whether the website you are using is fake or if your mentor is the one scamming you. However, the way your so-called mentor addresses you and harasses you by requesting more money for the purpose of making more money seems suspicious to me. I advise you to stop giving him money and try to learn trading on your own. There are numerous courses available that you can apply for, or you can watch YouTube tutorial videos to gain knowledge. Don't let anyone take your money.
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(https://www.talkimg.com/images/2024/01/05/s6g78.jpeg) i believe this says it all. I don't usually trust my funds in another to help me invest and give me returns because i believe if they that good they wont be needing my capital.
Even if a pro is at coinbase doesn't guarantee they are legit. KYC in place might help only if the transaction was via the CEX. I doubt they would.
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OP he probably won't read anything here, but I believe there are great chances that he will return the money that was stolen. It's a wire transfer, not crypto, there must be real people behind everything. Also, Youtube influencer is not inaccessible to the competent authorities.
i believe this says it all. I don't usually trust my funds in another to help me invest and give me returns because i believe if they that good they wont be needing my capital.
First, no legal platform will ask you for additional money to enable you to withdraw. That's a big red flag.
By the way, who the hell invests $10,000 or anything at all based on the advice of a YouTuber?
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I don't usually trust my funds in another to help me invest and give me returns because i believe if they that good they wont be needing my capital.
When it comes to investing huge funds the principle has always been Do Your Own Research
do not trust your hard-earned money to anyone or you will be burned just like what happened to the guy in your picture, there are so many deceptive people in the industry not because a Youtube channel has thousands of followers and reviews you can trust this people, figures, and numbers can be manipulated they can buy views, followers, and reviews because scamming is a huge business.
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Unfortunately, there is a lot of fraud in crypto, and there is no escape from it. Sometimes scammers disguise themselves so well that it is difficult to recognize the truth. In your case, I would try with a small amount, and check everything carefully, and by the way, your remark is justified, why not trade with such a blogger on Coinbase. This casts doubt on all this. I would check everything again and think ten times whether you need to transfer that amount to unknown sites.
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I'm A Newbie: How To Tell If I'm Being Scammed.
ADVICE
I joined a popular professional crypto YouTube channel and began one-on-one mentoring through Discord.
He trades on webulltradingbot.com, and he wants me to join that site so he can guide me.
In my research, webulltradingbot.com seems legit. But it's been operating for just one year.
I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.
Now he is pressuring me to put more money into the account so I can make more money.
There is another site called webull.com and I mistakenly sent them an email asking a question. They replied back and said they are not webulltradingbot.com. They claim that webulltradingbot.com is a fake site.
I told my Mentor this and he said it's a legit site.
Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
To prevent such situations, as a newcomer to the system, it's advisable to inquire promptly about any challenges you encounter.
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This kind of promotion by YouTubers is a kind of fraud. I have seen many YouTubers who promote various scam schemes and praise the scam scheme to all the subscribers and followers they have and say that they have invested in the scam scheme themselves. Watching his followers invest huge amounts of money without a second thought, but when the project disappears from the market and ordinary investors get cheated, the YouTuber misleads his followers. YouTubers have a reason to do this, that's why Bad Project makes his videos so that investors with his referral code invest and he gets a referral commission. He takes referral commission from investors but if the project is scam he doesn't want to take it again and again, it will not be wrong to call them direct fraud.
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"Cryptocurrency and blockchain expert", "famous Youtuber", it's all the same... All those experts have a lot of advice to sell to others, but they don't take advantage of them, why?. The answer is very simple, they just want to sell smoke, ideas that have no kind of background and get visits and money. No one, I repeat, no one should invest their funds in something that someone has told them. The only thing that has value is our own analysis and search, on that we can base our profits or losses, not on what someone says. DYOR.
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Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
@David92506, more than 70% of the crypto trading investment schemes or video tutorials you see on YouTube, Facebook, Twitter, Telegram, or any other platform on the internet are likely scams, so be mindful of where you are investing your money.
If you actually have such a huge amount of money to invest, don't be in a rush to make an investment in every platform yoy come across, they may offer you a huge percent of quick profit but don't be fooled; rather, you can purchase some fractions of Bitcoin and hold them in your personal wallet, and when the bull market comes, you will surely make profit.
Just take, for instance, the fact that you said you transferred $10k to him, which was in the month of June 2023, and back then, Bitcoin was still in the range of $30k. Take a look at the Bitcoin price today. If you had use that $10k to buy Bitcoin, you basically would have made some profit by now, and it will still be more profitable by the time Bitcoin spikes to $100k either this year or next.
Don't just trust anyone you see on the internet; there are a lot of scams there. Do a proper review of the information you get before taking any further steps.
I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.
Well, if you sent the person that money through a bank wire transfer, then I think you can actually track that account to the real owner. This will require you to report the case to the criminal departments in your country that are responsible for handling cases like this.
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Personally, I don't recommend investing based on the advice of those who run cryptocurrencies. It is known that coin developers specifically pay them a lot of money to advertise their coins. But there is no guarantee that these coins are not fraudulent
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The best advice for you, at things point, is to back off and disconnect your self from what ever business or mentorship you have with that person. From what you have said, he is obviously trying to scam you and making you think that he's legit. You should be smart enough not to trust just anyone you meet on the internet no matter how close they might play to be. Ones they get your money, it's over they cut all contact with you and your money will be gone. You should be smart and security cautious. Social media is one of the highest means fr scamming people theses days so please be careful and stay away from mentorship traders who claims to be experts and wants you to learn by investing in them.
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Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
You have enough evidence to stay negative on that site but if you still choose to go on then consider it at your risk.
The "Add more funds" is an enough reason to sense that there's is something fishy going on, I don't know how much you trust this person but know thispeoplecan change. So I will advice you not trusting anyone especially when it comes to funds :D
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I told my Mentor this and he said it's a legit site.
Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
OP, as far as crypto is concerned don't allow anyone to pressure you to take a step you would later regret to take in the first place. In crypto, you don't invest or trade because someone you know asked you to because whatever losses you experience out of crypto, you will be the one it will hit on the most than the person who asked you to invest or trade with huge money.
Someone being your mentor, doesn't actually mean that you should lose your senses by trusting them completely without you having your own say in what is not acceptable by you to do freely when it comes to spending or trading more than you can't afford to lose.
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I don't really know about the site you provided because I've never touched it but one thing for sure in this case that I still hold as a guideline for myself is not to trust influencers too much because in the end they are also doing it for their own benefit.
The word coercion I think it is not justified by anyone and it is very reasonable if it is suspicious because after all when someone tells you to deposit more with the excuse of getting more benefits because it could be that this is their way to get bigger profits from you. I think you need to be more careful about things like this.
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Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
This is almost 100% SCAM; such posts have been going into circulation for a long time, and many bitcoin experts have warned about this particular site because many people were scammed in the same way you claimed to have been scammed.
Following influencers blindly without having your personal knowledge can lead you to financial breakdown; always learn before you invest in any platform or website.
The first mistake you made was sending the money in the platform because you will hardly have access to withdraw your funds; they will ask you to put more money in to be able to withdraw your money.
The lesson you have learned from this is that we should do research before investing.
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Why is he pressuring me to add more funds?
Pressuring mentees to put more funds in their account is a sign that you've been scammed. Mentors understand that making money in trading is difficult since no method has a guaranteed 100% win rate.
Real mentors will probably not let you trade if you haven't backtested the strategy, and they don't want you to deposit a huge quantity of money in your account especially if you can't make profit in your small account.
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Hi. Thanks after reading this topic I found some useful information)
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Sorry to say you have ben scammed and do not add more funds otherwise he would keep playing and fooling you around, believe me or not you won't be able to restore your money from him because he would keep deceiving with sweet mouth that he would got all profit at when due. Okay ask when is he going to send your profits and again how could you be so carried away to send out sum of whooping $10k are this hard economy season. Sometimes you need to be very mindful with the kind of people you all interacts on internet because not everyone is real some of them are just there look for whom to scam at cost in a regular basis.
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I'm A Newbie: How To Tell If I'm Being Scammed.
ADVICE
I joined a popular professional crypto YouTube channel and began one-on-one mentoring through Discord.
He trades on webulltradingbot.com, and he wants me to join that site so he can guide me.
In my research, webulltradingbot.com seems legit. But it's been operating for just one year.
I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.
Now he is pressuring me to put more money into the account so I can make more money.
There is another site called webull.com and I mistakenly sent them an email asking a question. They replied back and said they are not webulltradingbot.com. They claim that webulltradingbot.com is a fake site.
I told my Mentor this and he said it's a legit site.
Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
People are getting scammed by popular YouTubers, crypto experts and forex experts, there's a high chance that they are been impersonated by fraudsters but it's also possible that these so called influencers or whatever they are use their platform to take advantage of newbies. Before you put your money into anything always make sure you do your own research. A lot of people have been scammed by Nigerian forex traders all in the name of buying courses and registering for a mentorship class
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You already deposited money right? Whether it's from a famous youtube or someone strange their actions tells us the truth and here it looks like he desperately convince you to deposit more money so he can run away with more money and reading the following thread it seems you are not the only one affected.
Fortunately there's bank involvement here unlike most crypto scams so contacting the authority and filing the legal complaint will help the scammer to be tracked down and if he has funds left in the banks that can be recovered.
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Is it not easier for us to sit down and take time in learning on how to trade than waiting for someone to teach us on how to trade and render us into vulnerability, come to think of it, if we are going to be get someone else attention, whereby that same person is also a busy trader, but willing to spare us his time, teach and guide till we get it right, without paying him a dime and he is not our relative, how true could this be real.
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Is it not easier for us to sit down and take time in learning on how to trade than waiting for someone to teach us on how to trade and render us into vulnerability, come to think of it, if we are going to be get someone else attention, whereby that same person is also a busy trader, but willing to spare us his time, teach and guide till we get it right, without paying him a dime and he is not our relative, how true could this be real.
Yes, trading on your own will be better than waiting for signals from others, learning technical analysis and fundamentals so that you don't have to rely on others.
People on youtube just want to benefit themselves, by spreading their referral links then they will make a profit or they become brand ambassadors to advertise supported trading platforms.
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First of all, so sorry to hear that. This is a very valuable lesson for anyone, both beginners and those who have been in the crypto world for a long time. That is, do not easily believe in the name of youtubers or crypto influencers. especially those who promise various promises related to very tempting results, whether it's investment or trading. Especially if they open paid trading signals, the price or cost of which is very high, it is also quite suspicious, because even VIP trading signals cannot work that optimally. So, it's better to just trust yourself and develop your trading skills by learning and learning by doing.
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That is already a red flag is this youtuber keeps on pressuring you to deposit money.
I'm seeing that maybe if you deposit and then win some on your trades because of this youtuber, he might ask for big money then. Or if you try to withdraw, they will say that you need to deposit more, so that is already a scam.
So it's better if you haven't deposited money yet, to ignore and learn to trade by yourself.
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People on YouTube just want to benefit themselves, by spreading their referral links then they will make a profit or they become brand ambassadors to advertise supported trading platforms.
While I believe that there also legitimate and really good traders making their content in YouTube, there are also many bad influencers on that platform whose intention is to make big money from anyone who believe and can follow the instruction to deposit money to this and that account. Newbies must be careful and must not believe on anyone even in YouTube as these people are not vetted and they can also be scammers out to victimize people out of their hard-earned money. Now, this can be true also in many social media platforms so we must always doubt on anyone trying to open up our wallets for money transfer. When I tried to open the webulltradingbot.com it is already dead and that certainly confirm this is just another big SCAM.
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Wouldn't it be better to clarify the matter that you trusted which prominent YouTuber and deposited such a large amount on a website? There is no doubt that this type of activity is more likely to be a scam no matter how big a celebrity is doing it.
I will tell you first if there is a chance to take any legal action against that YouTuber then you will take it first in withdrawing the money. And scam accusations should be spread against this YouTuber so that no other person gets scammed by such YouTubers like you.
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Sorry to say you have ben scammed and do not add more funds otherwise he would keep playing and fooling you around...
~snip~
You already deposited money right?
~snip~
First of all, so sorry to hear that.
~snip~
Last active ->
November 06, 2023, 11:55:25 PM
Do you think it makes sense to address someone who was last on the forum almost 1 year ago? Maybe @Jokers should start awarding that necro bumping badge for some who started bumping old threads for no meaningful reason...
No offense, but I think you can do better than this ;)
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Last active ->
November 06, 2023, 11:55:25 PM
Do you think it makes sense to address someone who was last on the forum almost 1 year ago?
No offense, but I think you can do better than this ;)
I guess, I didn't give much attention to the year of this thread, I just thought it was Jun 2024. My bad.
I am not sure necro bumping deserves a badge but they can be deleted followed by every replies after that to keep the forum clean. :)
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Sorry to say you have ben scammed and do not add more funds otherwise he would keep playing and fooling you around...
~snip~
You already deposited money right?
~snip~
First of all, so sorry to hear that.
~snip~
Last active ->
November 06, 2023, 11:55:25 PM
Do you think it makes sense to address someone who was last on the forum almost 1 year ago? Maybe @Jokers should start awarding that necro bumping badge for some who started bumping old threads for no meaningful reason...
No offense, but I think you can do better than this ;)
Thank you for the recall.. however I have decided to filter out some relevant topics to me than just paying attention to some old topics.
And again it's better for some of those old topic to be locked.
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Is it not easier for us to sit down and take time in learning on how to trade than waiting for someone to teach us on how to trade and render us into vulnerability, come to think of it, if we are going to be get someone else attention, whereby that same person is also a busy trader, but willing to spare us his time, teach and guide till we get it right, without paying him a dime and he is not our relative, how true could this be real.
Yes, trading on your own will be better than waiting for signals from others, learning technical analysis and fundamentals so that you don't have to rely on others.
People on youtube just want to benefit themselves, by spreading their referral links then they will make a profit or they become brand ambassadors to advertise supported trading platforms.
This kind of trend where Crypto Youtubers only want to benefit themselves through promoting anything as long as they're being paid has been on-going for a long time already. I've seen many YouTube influencers promoting this and that project and most of them are new. There are some who just want to make themselves rich through these referral links. TBH, I hate them, but it is what it is, and there will always be investors that will sign to their referral link.
As for trading, I agree with what you said that we must learn how to trade ourselves than relying on other people's signals. Learning TA would be a good start if you really want to start your journey with trading.
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I'm A Newbie: How To Tell If I'm Being Scammed.
ADVICE
I joined a popular professional crypto YouTube channel and began one-on-one mentoring through Discord.
He trades on webulltradingbot.com, and he wants me to join that site so he can guide me.
In my research, webulltradingbot.com seems legit. But it's been operating for just one year.
I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.
Now he is pressuring me to put more money into the account so I can make more money.
There is another site called webull.com and I mistakenly sent them an email asking a question. They replied back and said they are not webulltradingbot.com. They claim that webulltradingbot.com is a fake site.
I told my Mentor this and he said it's a legit site.
Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
You should mention the YouTuber’s name here for more accurate answers because if any member already knows about that YouTuber, you’ll get a quicker response. I searched and didn’t find any site called webulltradingbot.com, but I did find webull.com, which is a legit site with a good amount of traffic.
More traffic usually means the site is legit and offering something valuable to its users. It might be a scam, and now you don’t want to admit it because you’ve already sent a large sum—$10k—which was a mistake on your part too. You should’ve started with a few hundred dollars to see the results before moving such a big amount into their accounts. I hope you get your funds back if he turns out to be a scammer.
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-snip-
Now, this can be true also in many social media platforms so we must always doubt on anyone trying to open up our wallets for money transfer. When I tried to open the webulltradingbot.com it is already dead and that certainly confirm this is just another big SCAM.
Yes, now in almost all social media scammers exist and need to be careful, when someone offers trading services or any signal, beware, it's just a trap. Influencers with a lot of followers will also not support and they will only work according to the profits they will get and not think about others.
As you mentioned, it's a very risky tradingbot service and will certainly just disappear when they've made a lot of money from their victims.
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Sorry to say you have ben scammed and do not add more funds otherwise he would keep playing and fooling you around...
~snip~
You already deposited money right?
~snip~
First of all, so sorry to hear that.
~snip~
Last active ->
November 06, 2023, 11:55:25 PM
Do you think it makes sense to address someone who was last on the forum almost 1 year ago? Maybe @Jokers should start awarding that necro bumping badge for some who started bumping old threads for no meaningful reason...
No offense, but I think you can do better than this ;)
Thank you for the recall.. however I have decided to filter out some relevant topics to me than just paying attention to some old topics.
And again it's better for some of those old topic to be locked.
It will be better for mods to get the old topics locked than all this advice given, thinking that your advice is been heard by OP, not knowing that you are talking to yourself, not the OP.
OP, the last three posts are centered on questions about him being scammed by someone. No feedback was given on how he tackled it
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The right and good person to teach crypto is ourselves because we can get scammed by other people because we are not careful with every step we take. I first knew crypto only from a friend of mine, the rest I myself sought knowledge about crypto, until now I don't want to get scammed. So, I am currently more inclined to be careful in the crypto circle.
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I'm aware OP created this thread 2 months ago, but it's worth to mention that the scam website no longer can be accessed. So at least the scammer need to buy another domain.
I didn't see anyone mention "reverse" or "cancel", which is weird since theoretically it's possible to reverse or cancel wire transfer. I'm aware it's been 2 months since OP create this thread, but IMO with $10K loss, it's worth trying make a report to the bank and providing all evidence.
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I'm aware OP created this thread 2 months ago, but it's worth to mention that the scam website no longer can be accessed. So at least the scammer need to buy another domain.
I didn't see anyone mention "reverse" or "cancel", which is weird since theoretically it's possible to reverse or cancel wire transfer. I'm aware it's been 2 months since OP create this thread, but IMO with $10K loss, it's worth trying make a report to the bank and providing all evidence.
That's good advice but if that person has withdrawn all of his funds from the recipient then he is 100% a spammer I doubt how we come to trust these social media famous influencers I once followed an influencer on YouTube and I watched a lot of his crypto videos but when I applied for the content writing role on his site and was asked to write a full article by him and then he did not even replied to me I got the idea that they are not who they show themselves on the internet they are totally different in person.
I no longer trust one influencer and the ones I am following keep saying on their social media platforms that if you want to make money by trading then you guys don't have to send me the funds instead you just have to create your own accounts and follow me if you want, but with your own risk so this is what seems to be real.
Overall, feel sorry for the loss of the OP I hope he somehow will be able to get his funds back although it was made via wire so maybe a case can be opened against the scammer.
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Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?
The money you’ve invested into this is very big and I don’t know why you’d give in to invest such a big amount in something like this. You should have started small and seeing how well it goes for you, then you can add more funds and invest more. I am not that familiar with stuffs like this but there’s some probability that he may be getting at something, why will he ask for more funds when the initial one is yet to be released or concluded the task it’s been used on? To me, I see a red flag but it’s still possibilities because I’m not sure too.
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Unfortunately I can't access the webbulltradingbot link via my PC, whether it's blocked due to location or maybe the website is down... I don't know for sure...
What is certain is that if there is coercion, it usually raises a lot of suspicion... because a good mentor should also think about his student's finances... something that is even forced seems like a way that is quite suspicious. I might agree with the people here who agree that for trading for a beginner, the right place is on a professional website like coinbase, or Binance. Its reputation is better, so it is safer to store your money as a newbie who wants to learn trading.
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Now he is pressuring me to put more money into the account so I can make more money.
You should not be pressured or be under pressure to invest your money. Investment should be done willfully and if for any reason you feel under pressure and then the gut feeling to stop, stop investing. You should only invest in what you understand, and when you invest in what you understand, you would not need to be doing it under any form of pressure. I am not saying this person is a scammer, but just so you know, you can be scammed by a prominent YouTuber, a CEO, an influencer, a mentor or by any other person with a title.
You should develop trust for individuals based on who they are, not based on the title that they carry.
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I am not saying this person is a scammer, but just so you know, you can be scammed by a prominent YouTuber, a CEO, an influencer, a mentor or by any other person with a title.
But I'm sure it's a scam, and I'd rather suggest avoiding someone who is too pressurizing to make a deposit... it's true, to start an investment, we usually have to deposit initial money first... but the amount should not be determined by someone, because the money is still our own responsibility...
Instead of focusing too much on the advice of the youtuber, you can discuss here to get advice from friends here. You can start from zero and I think the advice from friends here is good enough to respond to a beginner too.
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But I'm sure it's a scam, and I'd rather suggest avoiding someone who is too pressurizing to make a deposit... it's true, to start an investment, we usually have to deposit initial money first... but the amount should not be determined by someone, because the money is still our own responsibility...
Indeed, it is necessary to be suspicious and we must remain vigilant when there are some irregularities. especially if it is related to deposits, especially with a fairly large nominal. If it is a deposit for a transfer fee, then it is quite reasonable, but if other deposits with a certain nominal as a condition, then we must question it. when in doubt, just leave it, because once we get scammed, our money will really be lost.
It is better to focus on finding other projects or more on top coins for investment. too much trust in influencers or YouTubers is not always good, because some of them are only oriented towards money, because of promotions and others, some are even involved in the scam.
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I am not saying this person is a scammer, but just so you know, you can be scammed by a prominent YouTuber, a CEO, an influencer, a mentor or by any other person with a title.
But I'm sure it's a scam, and I'd rather suggest avoiding someone who is too pressurizing to make a deposit... it's true, to start an investment, we usually have to deposit initial money first... but the amount should not be determined by someone, because the money is still our own responsibility...
Instead of focusing too much on the advice of the youtuber, you can discuss here to get advice from friends here. You can start from zero and I think the advice from friends here is good enough to respond to a beginner too.
The sound of $10,000 for a mentorship class is already discouraging. To me op was just carried away by the idea of learning crypto trading because he wouldn't have been so fast in sending such amount without proper thinking. The the second stands is that he is been asked to wire even more before the mentorship class will begin. More evidence of a scam. I know this post has been old and the op probably or already forgotten this, but then it would still be better for anyone thinking of any social media class, to be careful with whom they deal with online. There are lots of scammers whom creates channels claiming to be a trader just so they can scam others.
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Not only youtube, there are many scammers can use different social channels like fb, tw, ins to cheat you. But you should always be aware because you will risk money on the word of someone you don't know. You will get always be helped in this forum and all topics including crypto ideas are presented here. Moreover youtube will make any video to get referral and commission because he himself is a fraud. To survive in crypto hold your funds tight and do your own research on everything from your investments. For this you should practice a lot so that you quickly become a smart crypto user.