Topic: Bitcoin Rising, Scams Rising - page 3. (Read 2655 times)
Being popular, cryptocurrencies like bitcoin have been a target of those who wants to scam people that are believers and users of the virtual currencies. Scams usually on the rise when the prices of bitcoin and other cryptocurrencies are on the rise and many people are excited about it. Scammers are always looking for people that still uninformed and are believe in high return of investment. Social media is abound with scammers and many of them are try to victimized the people by inviting them in their make-believe investment offering. Awareness is always needed when dealing with them to avoid being victimized later.
This is true scammers are on the move and will do anything just to get some funds from anyone. Yesterday a stranger message me on telegram then told me that he will pay me some btc or ETH in exchange of getting out his funds on a website, when i open the website it is not secured and will surely hacked you when you open the account so let's be careful about those thieves.
I don't necessarily agree with Bunsomjelican with his post above. Scammers doesn't necessarily need to be proficient in cryptocurrencies. Like many of the crypto users, they are also attracted by the news of rising exchange rates. So when the prices increase, there will be a corresponding increase in scam attempts. The cryptocurrency users need to be extra-cautious, when the prices increase. They can no longer afford to ignore the basic safety precautions, such as email confirmation and 2FA.
I remember that scammers won't be in one place if there is no money, they are only after for the money.
In short, if bitcoin rising no wonder why scammers increasing, because is a huge amount of money.
In short, if bitcoin rising no wonder why scammers increasing, because is a huge amount of money.
It is a foolish comparison I believe. When op I want to invest on any altcoins, ICO or anything. He must be knowledgeable on those things then he can go towards it.
Scam was not only the crypto market first of all you need to understand that. If you make yourself secured, your funds will be secured. Nothing more than that you need to do.
Scam was not only the crypto market first of all you need to understand that. If you make yourself secured, your funds will be secured. Nothing more than that you need to do.
that is right, this is like automatic system concept.
when Bitcoin in top that mean so many people here interest again and new people will come with their money to invest in cryptocurrency.
that's is the point for scammers lauch their scam project to new and blind knowlage investor in here.
we must have to becareful because scame projects always out there.
when Bitcoin in top that mean so many people here interest again and new people will come with their money to invest in cryptocurrency.
that's is the point for scammers lauch their scam project to new and blind knowlage investor in here.
we must have to becareful because scame projects always out there.
That is because when the price of bitcoin rises so many people are interested in owning it and it is also done for those who have the attitude like crazy who always steal the bitcoin owned by others
It makes more sense that if transactions increase so do the possibility of scams. However, as technology gets better overtime as does technology to catch these sorts of scams. Ciphertrace is a great example of a leading cyber security company who can trace wallet transactions on blockchains
Fortunately, I didn't have to be a victim of scams. But I know that a lot of these cases. And unfortunately, with the growing popularity of bitcoin, the number of scams will also grow. Our task is to spread information about it as much as possible, so that beginners do not fall for scams.
It's the popularity of Bitcoin being a decentralized currency and anonymous that makes it a vehicle for people to scam guillible investors, and yes it's not the fault of Bitcoin but people with criminal minds who uses Bitcoin as a tool to scam people.
And we can't control people like that.
What we can do is just be careful and be conscious of these people. If you know what you really are doing, you know how these scammers scam people, then you can prevent yourself from being scammed and you can also spread this prevention to other people maybe by writing an article or posting it here in the forum. We can't stop people but we can educate them about it.
lessen the chances being victimized and help also those who are not familiar yet when you have the chance to share your own experiences.
Expect the unexpected! Bitcoin is becoming popular all over the world. And because of that, many scammers are taking it advantage in order to fool people. I believe that if these scammers will be prevented to penetrate in this industry, scamming will be lessen. At the same, we will expect a large number of investors who are confident with their investment.
the owner of bitconnect.com got arrested in India for $14 billion ponzi scheme using Bitcoins.
It's the popularity of Bitcoin being a decentralized currency and anonymous that makes it a vehicle for people to scam guillible investors, and yes it's not the fault of Bitcoin but people with criminal minds who uses Bitcoin as a tool to scam people.
I'm 100% agree with your saying.Its not fault of bitcoin.Like a knife you can use it different purposes and you can even kill from that.User decide how to use that.You can cut vegetables,fruits or man.In the court do we blame the knife if someone killed using knife? Killer is not the knife.Killer is who who use knife to kill.Do we suspend all knifes? Think again.It same comes to bitcoin.Same theory.I wonder why most people don't understand this and blame the bitcoin.
It's the popularity of Bitcoin being a decentralized currency and anonymous that makes it a vehicle for people to scam guillible investors, and yes it's not the fault of Bitcoin but people with criminal minds who uses Bitcoin as a tool to scam people.
And we can't control people like that.
What we can do is just be careful and be conscious of these people. If you know what you really are doing, you know how these scammers scam people, then you can prevent yourself from being scammed and you can also spread this prevention to other people maybe by writing an article or posting it here in the forum. We can't stop people but we can educate them about it.
This is not new to me, we all know that bitcoin is very anonymous when it comes identity that is why many scammers are use it to cheat people for their own benefits. All we need to do is be careful and observant.
Scammers are in every angles to dupe people. Now it's really hard to differentiate them. If you notice what is happening now, investors are scared to invest until your project goes live. Nobody wants to loose or fall victim
The Bad actors in Crypto Space have tarnished the image of Bitcoin that was invented with good intention. Bitcoin was invented to set the World free from Central government tyranny but the image of this currency has been corrupted .New people in the industry always fall victim in these class of scam tricks. I have also been a victim of Bitcoin fraud when i first got into the Space but i got trained to be very smart and wise. Its a pity there is no how the activities of these bad scammers can be completely stopped and the newbies will be falling victim. I believe Cryptocurrency Media and News can be of great help by creating enlightenment program to educate the newbies and people in the system generally in other not to be falling victim of these bad actors.
Yes.That true.When the bitcoin rising,scams rising.Its not only for bitcoin.its common for everything that has value.Man's nature we can't change that.Their never ending greedy seduce them to have more and more.Once you cross the line you never fear to do that again.Only care about himself only.To avoid scams you must carefully watch their every report,plans,who they are and everything.If not you will be a victim.
“Earth provides enough to satisfy every man's needs, but not every man's greed.” -Mahatma Gandhi
“Earth provides enough to satisfy every man's needs, but not every man's greed.” -Mahatma Gandhi
It's funny because a lot of us complains because we're not rich, right?. But turns out that making mistakes while not rich ends up a lot more cheap.
I bet that it was still a fraction of his total assets though, like how it is with most people. With the difference that someone with financial education won't sacrifice his house for an investment normally if they understood the thing good enough.
I personally don't understand the love of money much. So i end up commuting to donate a percentage of all my income no matter what to a charity of my choosing. It's a nice mental trick that could be useful for someone who reads.
I bet that it was still a fraction of his total assets though, like how it is with most people. With the difference that someone with financial education won't sacrifice his house for an investment normally if they understood the thing good enough.
I personally don't understand the love of money much. So i end up commuting to donate a percentage of all my income no matter what to a charity of my choosing. It's a nice mental trick that could be useful for someone who reads.
It's the popularity of Bitcoin being a decentralized currency and anonymous that makes it a vehicle for people to scam guillible investors, and yes it's not the fault of Bitcoin but people with criminal minds who uses Bitcoin as a tool to scam people.
the article itself is pretty old as far as I know
and here we go again - the media hypes bitcoin and projects it as something that criminals use
if we look at the amount of bitcoin scams and money laundering vs fiat , it pales in comparison
but bitcoin is news so they continue to feed us this nonsense time after time
almost every more or less notable crime that involves cryptocurrencies , immediately is in the news
while the day after day banking schemes and fiat related crimes are too many and too often to cause any interest from the general public
and here we go again - the media hypes bitcoin and projects it as something that criminals use
if we look at the amount of bitcoin scams and money laundering vs fiat , it pales in comparison
but bitcoin is news so they continue to feed us this nonsense time after time
almost every more or less notable crime that involves cryptocurrencies , immediately is in the news
while the day after day banking schemes and fiat related crimes are too many and too often to cause any interest from the general public
Jump to: