Am I Being Scammed By A Prominent YouTuber?

[raflesia]

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.

[Hyphen(-)]

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.

[jeraldskie11]

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.

[JoanMyers]

Hi. Thanks after reading this topic I found some useful information)

[SmartGold01]

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.

[Agbe]

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

[Findingnemo]

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.

[Aanuoluwatofunmi]

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.

[taufik123]

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.

[vegasus]

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.

[Baofeng]

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.

[TomPluz]

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.

[Crypto Library]

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.

[Lucius]

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

[Findingnemo]

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.