We already knew that back in 2017. I remember that infamous TBC ot the billion coin from nigeria that all those unaware victims trying to defend it. This will not stop if people will just not try to be rational when investing in something. I am not wishing this but I am expecting a larger scale of scam when btc approaches $100k.
Topic: Bitcoin Rising, Scams Rising - page 11. (Read 2639 times)
That is a huge sum of money buddy, though I have been scammed before now but not as huge as the one you quoted in your write up above. One cannot denying the fact that as Bitcoin value increases, the level of scam activities will increase as well.
Actually Scammers have existed since bitcoin was born, when people see something that can give them for or profit then surely there will be a SCAMMER that justifies any means to gain profit by cheating or other scam. so we must be careful about scammers don't trust people that you don't know and suspicious websites
It could be easy for them to scam people cause they'll know that a lot of people around have that potential and can be easily to trap with.Those persons that thinking easy money, instant profit will surely be the first to become their victims.
I hope it will change the mindset of people and never think for it, instead they should work hard in order to get of what they've looking for.
Actually Scammers have existed since bitcoin was born, when people see something that can give them for or profit then surely there will be a SCAMMER that justifies any means to gain profit by cheating or other scam. so we must be careful about scammers don't trust people that you don't know and suspicious websites
It cannot be denied that when the price of bitcoin rises, the number of frauds will also increase. crime is not only lurking among the newcomers but it is for all those who are careless. Personally I have never experienced or been involved in a fraud that is harmful, and hopefully never will.
For me this is not a scam.instead this will be considered as stupidity and greediness
Imagine being promised by 15 folds,?yet he believes that promise?damn he deserved What happened because of his own negligence
Hope there is no other person here to buy the idea of gaining bigger or too good to be true
Imagine being promised by 15 folds,?yet he believes that promise?damn he deserved What happened because of his own negligence
Hope there is no other person here to buy the idea of gaining bigger or too good to be true
This kind of situations happen everywhere, in every domain where we are talking about big money. When there is big money to be made, scammers will always show up and try to steal money from people because they know they have a better chance there. Scams are rising and unfortunately there is not much we can do about that other than be careful and don't fall into their trap so that we don't give them satisfaction to continue doing it.
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With the continuing trend of an upward Bitcoin price, we should be expecting more and more incentives for scammers, hackers, phishers and similar people to be trying their best luring people out of their hard-earned money by promising them returns of investment with sky-is-the-limit proportions. And with new people coming in to the world of cryptocurrency, there can be many who can easily fall victims to different schemes leaving participants with empty bags later and some blaming Bitcoin for their predicaments. Newbies and even veterans alike should be careful at all times and always remember that if something is too good to be true then most probably it is...
It is sad that for people in the media any scam that uses Bitcoin as the medium of exchange or currency is labeled as Bitcoin scam but when a scam is using the fiat money it is not in anyway called as the Dollar scam.
Have you been a victim of an elaborate cryptocurrency-related scam that cost you some money? Please share some details here so we can all learn from each other's mistakes...
I don't like to get something instant like a big profit investment in a flash and some kind of phishing, that's why I was spared in scammers. Scammers will roam a lot when the market is bullish so be careful.
As the technology is advancing, scammers are also becoming smarter into formulating techniques and strategies on how to have their victims get trapped. They are great at mimicking, so don’t believe everything you see. Don’t be pressured to act immediately, scammers typically try to make you think something in a limited time offer. Make safety and security as the topmost priority, with the appropriate knowledge and skills, you can avoid most scams and help protect yourself and your family. 
Fraud often happens and always targets a beginner, like I used to when I was new to crypto. I was also a victim of a scam at the time, it was worth around $ 400, that was pretty much for me.
But that's where I started learning, how to be a safe bitcoiner.
Maybe what you say is true, when bitcoin grows up, there will be more interest in crypto criminals for scamming.
But that's where I started learning, how to be a safe bitcoiner.
Maybe what you say is true, when bitcoin grows up, there will be more interest in crypto criminals for scamming.
I don't like to get something instant like a big profit investment in a flash and some kind of phishing, that's why I was spared in scammers. Scammers will roam a lot when the market is bullish so be careful.
Its really exactly happen, because there are people are interested to own money that they can get easy money that they dont work hard for it. Especially today, as they see that the price of bitcoin is already recover so there are scammers are prepare if what their next step to make scam. So the best thing to do, we need to be wise and just aware.
One of the thing that makes scammers flourish is greed and lack of right information. This applies to all aspect not limited to cryptocurrencies alone. Most of those who fall for these are those expecting huge returns. Except for hacks which can't really be seen or understood, all forms of scaling all have the same byline
I've been scammed before so I understand how it works and happens. Bitcoin rise doesn't really have effect on rise of scammers. Uts only those who want quick money that will fall. Let's be cautious too.
I've been scammed before so I understand how it works and happens. Bitcoin rise doesn't really have effect on rise of scammers. Uts only those who want quick money that will fall. Let's be cautious too.
Bitcoin rise and a lot of people are talking about it because they profit a lot on it. Greedy people on the other hand also wanted to profit without doing anything so they do all things to get bitcoin even without proper introductions. The scammers will take advantage of it then later on get a greedy victim.
I expect this to happen since the price of Bitcoin is increasing. If you can see, when the price of Bitcoin is at 3000 there are a few scam incidents happened. I will not surprised if the scam incident will increase now that the price of Bitcoin is increasing. Maybe the best way in order for us to prevent being scammed is do an in depth research on the particular coin or ICO or IEO before investing.
With the continuing trend of an upward Bitcoin price, we should be expecting more and more incentives for scammers, hackers, phishers and similar people to be trying their best luring people out of their hard-earned money by promising them returns of investment with sky-is-the-limit proportions. And with new people coming in to the world of cryptocurrency, there can be many who can easily fall victims to different schemes leaving participants with empty bags later and some blaming Bitcoin for their predicaments. Newbies and even veterans alike should be careful at all times and always remember that if something is too good to be true then most probably it is...
It is sad that for people in the media any scam that uses Bitcoin as the medium of exchange or currency is labeled as Bitcoin scam but when a scam is using the fiat money it is not in anyway called as the Dollar scam.
Have you been a victim of an elaborate cryptocurrency-related scam that cost you some money? Please share some details here so we can all learn from each other's mistakes...
Best way to avoiding scam when bitcoin is rising like this is holding the bitcoin itself.
But it from trustful exchanges and activate the 2FA login
Scammers were always present in the crypto market and for the foreseeable future also, we will have to deal with their presence. But if you carefully analyze the scams, then it can be seen that some 80% to 90% of the cases were a result from greed, incompetence, or a combination of both. For example, in this case the investor was foolish to trust complete strangers, and his greed (he was expecting 15x profits) made him ignore the risks involved.
what did you expect? when people willingly give their precious money or bitcoin to anybody who is copying code and changing name, then it is expected to see an increase in the number of scams. it is not just about bitcoin price rise but mainly about the fact that there is a an increase in number of gullible people!
take a look at 2017 and the sheer number of ICOs which were all scam without exceptions. take a look at all the bitcoin forkcoins that were all scams without exceptions... none of these would have ever existed if people weren't gullible and didn't gamble with their bitcoins.
take a look at 2017 and the sheer number of ICOs which were all scam without exceptions. take a look at all the bitcoin forkcoins that were all scams without exceptions... none of these would have ever existed if people weren't gullible and didn't gamble with their bitcoins.
Definitely true, this is a great opportunity to those ponzi scheme projects. We should create more threads about this because those scammers might target some beginner in the cryptocurrency. We should spread awareness on bitcoin community to avoid this non-stop scams. I'll just invest my money in a trusted project that is known by a lot of people and have a good assurance.
yes it is true that everyone must cooperate by providing the right information. when we get information about a scam, we can publish so that not many people will be affected. good and appropriate information development can reduce scammers in action. Jump to: