Topic: Beware of social media crypto influencers (Read 697 times)

Elon musk has to be blamed for making it easy for scammers to use the blue tick verification to scam people. Some people are yet to understand when an account is verified doesn't mean that they can be trusted.

The verification are being bought through subscriptions therefore anybody can have a verified account. Atleast before it wasn't this easy and they had to hack accounts to try to get you to invest into their scams but not anymore.

Sorry for you loss but good you had this experience now because you won't be falling for this scam again. There are people falling victim with thousands of dollars with this same trick. Scammers aren't innovative, they just use old tricks on new targets then hope they get one that'll be their victim. I don't believe any PM that I get on social media about any investment and it has saved me alot.

I said it many times already: don't trust these twitter influencers the algo puts on your timeline. If you want to use Twitter, please create lists of reliable accounts which you really want to follow. Don't add random accounts to these lists and remove accounts fast, if they turn out not reliable.

In addition to that, create lists for certain topics so you get some experts on every niche you're interested in.

If you follow these basic guidelines X is one of the best tools for research and news imho.

And ofc: You don't trust random PnL screenshots shared on the timeline.

Nowadays social media is used to deceive people by creating accounts that look like the accounts of famous people. Especially on Twitter and Telegram, the influence of such influencers is more visible. They ask to invest in various projects with personal messages. They cheat with the lure of high profits. These accounts should never be invested without verification. I encountered one such fraudulent situation where I was asked to invest by knocking messages from a blue ticked Twitter account. I agreed to such a fraudulent offer without doing any investigation and lost probably $100 worth of bitcoins. Anyway I got scammed for 100$ amount of Bitcoin but I have learned a lot from such experience in my real life and now I am not willing to face any more scam situations.

Because of high reach to individual who are interested towards, those social sites can track the data of a user as a result both gets benefits from it, as the way they promote any crypto project no wonder this happens you can't blame people for falling for those scammers but are good at social media marketing or a saddest part is they will ban real account "violating community rules" but won't look twice at scam/spam accounts and all these influencers who cares so much for their followers have been caught out trying to fleece them despite their wealth just greedy ass wipes who should have been shut down but remains rich and annyoing as ever and sadly just as famous. Unfortunately i only trust bitcoin and few faith on etherum too but never gat distracted who tryann send easy money scheme over Instagram, i generally avoid it.

The thing is, different scammers use different methods for their scamming activities, which means that information and knowledge about certain scamming patterns might get outdated over time. The only thing that can save a person from getting scammed is being smart enough to pick up things quickly and evaluate situations in a matter of minutes which is how you can realize that you are getting scammed. If you are unable to do that, I'm afraid no knowledge and information can save you because scammers are pretty smart, not gonna lie.

I was once working with an agency that used to manage and moderate official chats in Telegram. We were a team of about 5 to 6 people, along with our supervisor. I don't know how the scammer found out about everything, the supervisor wasn't even active in the main chat. The scammer approached me in private, impersonating the supervisor with having the same display picture and name. He asked me for money that he would return later. At first, I thought maybe it was him, so I was communicating normally with him, but then I realized that I already had some conversations with him in the past, so how come this chat started from scratch? That rang a bell, and I immediately checked and found that he was an impersonator trying to scam me.

The moral of the story is, that you need to be sharp, evaluate the situation when something usual is happening, and make sure that you are on top of the situation instead of letting someone get in your head.

The community has enough information to enlighten everyone about the scam that's going on on the internet today, but the thing is most of the users only come to know about the forum when they have already been scammed outside this forum.

While sometimes some might be a member of the forum but will not be aware of the information that's being shared here as they are more focused on other areas of the forum than learning about things that matter, so it's still possible to be a member here and get scammed outside and inside here.

The situation have be a big one for even the government to get rid of because does guys are always looking for news ways and new stories, the whole system is already compromised, and taking advantage of people that have worked hard, and in every sector their are scams and that is why the management of assets is important and lecture on the subject matter is always given, but people will always fall victim and people need to be more careful  their is one discovery that is now on board thay telegram is even used for money laundering and since it is loved by developers.

People love comparison and that is why a lot of people are alway wanting to make quick money and they don't want to even do leveraging in their business again and that why people are looking for a way out, because they don't even have a projection. And that is when you know those that know exactly what they are doing and they won't fall in the net of influencers.

Influencers are used by people to also steal from people I know of a scheme that was used to steal from people and it was projected by an influencers and people fell for it, and a lot of people lost their money some even borrowed money just to see that they are doing something.

It's both, greed and a lack of knowledge, that makes newbies fall for such repetitive scams. Even if some of the victims of such scams aren't greedy, they don't know that they are getting scammed because they don't know much about the cryptocurrency industry as a whole. Many newbies think making a lot of money is a thing in cryptocurrencies, and people are becoming millionaires because of this and they are probably missing out and want a share of it. So when they are given unrealistic offers by these scammers, they don't realize that what they are being offered is too good to be true, they go for it.

I wouldn't lie, when I was a newbie, I had similar thoughts as well. In our time, back in the day, we used to have Bitcoin Doubler scams, we call them HYIP (High Yield Investment Program). I remember so many people losing money in those scams, some also used to get profit because what those websites used to do was that they paid the initial investors double the amount they deposited to gain their trust. Those who were smart didn't make a second deposit, but those who were fools used to deposit more the next time out of greed and never received anything back.

So, knowledge is important, and one can only gain knowledge over time. You can't save everyone from these scams, the scammers will always find their victims somehow.

We have seen such scams time and time again and the shocking fact is that people still fall for such scams due to greed.
Pump and dump is something that only benefits the initial investors and that too if they sell at the right time.
Yet, newbies think it's a quick way to make money and only learn their lesson by losing their money.

Like the way people are going about telling lies just to get views and followers since some of this social apps has been monetized is really uncalled for and it's really very sad to know that no one cares about reputation again as what most people are only concerned is how they can earn from the information they give to others without minding it's authenticity and reliability anymore. Twitter has really became a hub for scammers and fake information and Elon Musk is just relaxed and not doing anything possible to make the app a friendly haven for all, it's very bad i must say.

You did perfectly well to have brought this up here, it would have been nice to see the handle but for the fact some people would still go after the handle would not be making any sense to allow it visible.

I was also wanting to pick interest in it but I had a second thought what if I get scammed or I loss funds in the course of joining the channel but thanks to OP for not allowing the handle be visible.

Twitter is the most dangerous place for influencers to promote fake projects, we are regularly seeing this type of post on Twitter, where they advise a large number of people to join and make quick money, perhaps they weren't going to come across anything like that. I wonder how many individuals continue to believe that there is a simple way to success. Most of these newbies fall victim because they are lazy and do not want to go through too much stress before making money.

However, a lot of people won't learn because the majority of these fake projects hire people to promote their projects in order to scam more people. This must be the point where newbies should realize that there won't be a simple way to succeed with these projects. Many people, in my opinion, will still regret fading it, they would have invested their money if they had known earlier. The project could do well from the start, but if they notice that more people are investing their money, they will scam them. We must be very careful whenever discovering new and promising projects on the internet.

That's absolutely true. I saw a meme coin built on the Solana blokchain being heavily promoted by several paid influencers with large followers. They claimed the coin had achieved a massive market value, but within a day, it collapsed dramatically, and all liquidity was withdrawn. When I checked back on their tweets,, I found they had deleted them and started sharing content on other topics as if nothing had happened.

We should not blindly trust the promotions of these marketers, as they don't care about the interests of their followers or educating them; they are only looking to siphon off their money through these fraudulent schemes. Therefore, we shouldnt rely on their recommendations when making investment decisions as they exploit the ignorance of beginners, pretending to be experts by providing educational content, tweets about airdrops , promising coins, and various technical analyses. In the end, it's the beginners who pay the price.

If more people join this community, am sure that the scam that many use to lure innocent and ignorant greedy people, will reduce, because the information here is enough to educate anyone on the best way to go about crypto currency investments and on the properties that every coin has.
Besides reading such stories on social media, I become more aware of what not to do or invest in and that makes my knowledge on the cryptocurrency matter straight and can detect when a newly launched coin is scam.

With that being said, I believe that most of those people who fall victim of scammers don't usually do proper research, and are being scammed out of ignorant. Without being told a person can easily identify scam without falling a victim, I know you would ask me how? When something is too good to be true its a sign of danger. Although most people usually know that nothing good come so easy and knows it might be a sign of scam or trap, but they are forced to fall victim due to greed. People often Chanel there aggression and delay of success to any given opportunity that appears too Good, and will eventually want to give it a trial which they later get drawn to it. We must really be careful expecially when something is too good to be true.

The fact is many influencers out there on these social media platforms actually claim to help people understand crypto better however a majority of them are actually misleading people giving them the wrong idea that crypto is a get rich quick scheme and the problem is some people still fall for scams like this. One thing I've come to understand is that majority of people out there that take crypto as a scam are usually those that have previously been scammed like this.

The idea of making huge amounts in crypto from shilling or pump and dump is actually very possible, however it doesn't work the way the user in this particular image was trying to say. The most I've seen that are real wins in pump and dump is usually 10x or 15x .

One of the reasons why people get scammed easily is because they feel so desperate to make money, and they don't even take their time to think or do research how true it can to make this money. That's why when people give this scammers a little attention, they are so quick trying to manipulate victim because they understand any delay can spoil the plans.

People get scammed due to ignorance and the desperation of making quick money. I'm glad people are getting wiser now and they understand there is not like quick money in bitcoin, and they are beginning to understand the difference between bitcoin and cryptocurrency,  even if people still deal with cryptocurrency they understand the risk they are into. The only problem is that some newbies will still fall for this scammers because of desperation of making quick money and not being patience to make research to get a better knowledge.

If people just have critical thinking for sure they can easily understand the main point of those influencer promoting projects that promise to good to be true returns.

Maybe good for potential investor to avoid participating on what has been promoted by influencers since provably that there's nothing to get there. For sure the obvious reason on why they promote those is to get a profit with it. And its not all about the betterment of their followers, so we need to take note on this and be more careful dealing with our investment, especially that trust no one online since lots of deceiving things we could see here.

You can have many reasons to blame these low valued influencers but let become more selective with what X users you want to follow and read their posts. X can use its algorithms to suggest possible contents based on your favorite reading, keywords in your search but at the end, you can decide to read those posts or ignore them.

If you are unable to be wisely selective, you will read such news on X or other platforms and will be scammed. It's not only responsibility of X and you as a user can report any scammer you see.

There is this new pattern I have seen on X platform. Since Elon monetize X for users to earn from the micro blogging platform, some of these useless influencers has gone rogue and senseless just to have a couple of dollars from interactions and get more money from views, they are good at lying just to go controversial, they will say anything for engagement and doesn't care if they are passing the right information or not as long they are getting paid.

They are number king of meme shilling and hypes, some of them are broke ever since Defi stop giving them money, they have change to hyping meme coins and these are not one or two, they spread different one and rugged their followers and it's a pity that these followers don't even know how to avoid them, even the platform is not helping, they don't scrutinize and filter wrong information but that is what Elon Musk want anyways.