Topic: Don't trust social media - page 3. (Read 612 times)

Knowing how to secure your wallet is the most important aspect of cryptocurrency investment. Of what use will it be if you invest a huge sum of money, watch it grow and then boom! Everything vanishes into the thin air because you were careless with your private details? The first thing every beginner should be eager to know is how to create his own wallet by himself.

 Many would feel they are smart enough not to fall victim,  but funny enough,  there are hundreds of people and even more that will fall for scams like this. Most time, it is not all about desperation, it is the lack of knowledge and ignorance that makes them to seek for help at the wrong places. These scammers know that people like this exist, so they target them with juicy offers and devour their victims thereafter. Equip yourself with all the information you need before investing.

Op after reading his content, everyone that have knowledge about cryptocurrencies will see that all he's saying is a lie to deceive people, he's still requesting money in order to assist them with creating Binance. Is this because they are going to charge him upon opening the account? No matter, many people will fall into his trap, they will still do so because they want to make quick money online doing things they don't understand. If we are knowledgeable and always act smart, we can never believe anyof  these scammers. I think a lot of beginners will believe him and won't investigate further, regardless of whether it's a scam or not, they will just pay him.

We see this every day from people who fall victim to scams on social media, but some people continue to believe these fraudsters. I don't believe any of the stuff we see on social media is real, instead, it's just scammers looking for people to scam. Some people will lose the money they have been saving for a long time with these scammers, and they don't care about that. We should be careful on social media and protect the money we have.

The scammer told people who already have wallets to screenshot their wallets that contained the coins and send them to him. Doing this might be harmless but the main scam was when he asked people who do not know much about Bitcoin to send money to him and he would create a wallet for them and make a purchase on their behalf. You will be surprised that many people will fall for this scam and they will end up thinking that the entire Bitcoin space is fraudulent.     

The world is now driven by materialism and the unquenchable desire to get rich. People don't care about the harm they will cause to victims of this scam. They don't care if people will lose life savings and even borrow funds to invest in this scam project. All they want is to steal from people to enable them to live a lavished life. 

Their are some people all they know about Bitcoin is that it is valuable and to make one to be rich quick, they do not even know anything about the wallet,  how to handle the wallet proper, or know if the wallet can be shared with some other person or not. This kind of people can be very desperate and can be manipulated to invest bitcoin. For someone who does not have much understanding about  bitcoin and have knowledge of how scam works it is very easy for them to fall victim of scammers .

I don't really blame people when scammers succeeds in getting them because it is as a result of desperation and lack of understanding, that is important for beginners to take research asa tool that needs not to be taking for granted. As far as bitcoin is valuable scammers will always try their best to scam beginners which they may likely fall for it.

You are not sure about those people that pretending to be interested in this service are legit or just His own account to make the offer appealing ?
we have seen people around this forum shilling for their own thread , even in Online selling there are pretenders about reviews and also in many review sites that there are fake reviews .so this offers are like them and I don't think there will be even one that will fall from this scam , social media is a place where fools and noobs are the target so be aware if you are new then never engage , study and learn well first  and don't hesitate to ask the community .

The scam offer you mentioned by one of the scammers is one of the simplest offers a beginner could fall in love with due to its apparent allure. Other offers are more tempting and deceptive. Any person on social media can claim he is an expert and rich and post a false image containing thousands and millions of dollars in his wallet or on his CEX account. Obtaining the blue verification badge and providing followers with positive comments on his posts and tweets can appear legitimate to many. Afterward, he promotes his scam post. Most beginners with minimal knowledge and experience, whose primary goal is to earn money without conducting research or being aware of similar fraud cases, will undoubtedly become victims of the scam. Social media is a double-edged sword, and scams have recently increased significantly. A person should not trust everything published there and should be more discerning, experienced, and vigilant in recognizing standard protection methods in the crypto field.

“Knowledge is a never a waste” and “laziness leads to destruction” many people who fall victims of such scam tends to fall under the category of laziness, being able to acquire various knowledge eg learning about bitcoin, many might think it’s a waste but it’s not and I believe that awareness about scammers has been made so everyone should think twice and pounder a lot before making a decision about funds especially online deals because every one wants to make money either by hook or by crook.

When it involves money and creating account why would you trust a stranger with your password… obviously password would be involved in any account creation and the use of the password is to protect the user’s account, so throwing open your password is not exactly the best thing to do in your scheme of trying to find an easy way out… it should be a common knowledge.

Educate yourself because ignorance is mostly why people fall for scams… internet has been made available almost if not worldwide, so make research, ask questions, enlighten yourself and be aware of any investment or contract that has to do with money because we are in a world of survival and if there are no bad there also can’t be a good.

As for the scammer it’s so disheartening that one would intentionally harm his fellow being.

I think the scammer is really dumb and it's only rookies that'll fall for this kind of scam. Telling people to buy Bitcoin or other coins and send to him, as what? I want to believe he has other fellow scammers who would be shilling in the comment section probably with screenshots that they sent their coins to the address he provided and he also got instructions from him on what to do, which they followed and they ended up doubling their investment.

Scammers always present themselves as helpful to people, so they will do whatever it takes to dupe you in order to accomplish their goals. The only way to protect yourself from scammers is to always conduct thorough research on where, how, and when to invest.


The majority of people on the comments section are part of the scammers and that is why we need to be careful with the kind of wallet we download nowadays.
using Telegram is getting more and more uncomfortable Because there are scammers everywhere and also social media influencers are misguiding people all the time.
We should research and learnn. No knowledge is a waste.

That's how greed can manipulate a person's right thinking and turns into doing something stupid like entrusting its own wallet to someone that he really doesn't know that much. Remember that securing privacy will prevent our wallet from hacking, but with one's greed, that will be set aside already.

And you're right there, scammers have also their multiple roles to play so that their acting becomes more authentic that will easily deceive those innocent newbies in the market.

It is very disheartening for someone to do this. This is exactly what people have been talking about scammers and how to steal fund from people. Ignorant is the reason behind why most people fall for a cheap scam. How can someone you dont know before, will open a bitcoin wallet for people they bearly know on social media. And the secret pass phrase will be with him. meaning the account will no longer be safe, and possibly a hack attempt. This was exactly what one of them did to me on telegram, that do I know about cryptocurrency ?and I said yes and he became sceptical because the way I answered his questions correctly, he knew this was not the type of clients he needed. At a point he refused to reply me again because i confronted him of his atrocious deeds the next thing was to block me. So we really need to be careful. But my problem is that many people will still fall for such cheap scam, all because of ignorance.

Who are experienced may not get scammed in this style. But it's hard to protect the newbies especially who have no idea but start believing someone just by seeing an online add. It is natural for beginners to seek help from others to gain knowledge. But if he does so by relying on others for his wallet, he will become a victim of scammers. The first thing that a newbie must do is to be very knowledgeable about financial matters before doing online transactions.

Personal safety matters are to be kept safe from family members in many cases, if you get any such invitation, you must abandon it. Offers that are always tempting should be avoided through proper observation. Now that everything related to information is available online, awareness is the only option to avoid such scams.

They are masters of it and that's why if you're not aware that they're the one that's making you dance on their hands, you're going to be their poor subject and victim.

Don't believe everything that you see on the social media especially with people that are showy with their money and investments. It's very easy to understand the logic on it, are the real rich people do flaunt with their investments, assets and especially money on their socmed accounts? No, they don't. Just ignore when somebody approaches you randomly and want to talk abou some certain investments and invites to some links or groups, you're doing it right of ignoring them.

We can always see that since as expected once they see that there are so many potential victims around they came out and try to find those innocent victim that may fall on the words they posted on social media pages or channels.

Also we can always see this kind of post or comment on every popular crypto pages.



That's we need to be more aware especially those newbies that any offer made on social media and they say they are expert bitcoin or Fx trader or a miner then offer investment schemes with huge return then we should think immediately that this is scam.

As long as money exists, there will always be scammers and simpletons who easily part with money. If you don’t want to be scammed (not only with cryptocurrencies), ignore all such similar information, as in the picture in OP’s post. Perform all actions related to money and cryptocurrencies yourself without the fraudulent assistance of such scammers. Despite the initial fear of crypto-beginners, creating wallets and interacting with cryptocurrencies is not at all difficult, you just need to practice and protect yourself from possible mistakes during the learning process, because you are dealing with financial assets.

Don't trust social media scammers

This is a normal culture on facebook and you know why? Its because Facebook love lies, sometimes when I see how some people love to watch pranks and comedy to think they are real cracks me up, these kind of stuff looks real to them more reasons why you see this type of posts saturated everywhere especially if you visit crypto groups and pages, it is full of spams and the facebook moderations don't take care of these posts.

I think only a person who has never heard of crypto will believe this typical scams and Binance tricks or any person that has not use an exchange before but to me, this is one of the most simple scam any literate person can sight from far because they too obviouis. Beside even if you want to help teach them about crypto, they don't want to listen but when they hear about free money making through crypto, they are quick to go after them and fall for the same scams they want to warn them about but wouldn't listen because of greed and illiteracy.

Scammers will wickedly capitalize on their victims emotions by making them feel regret of not trusting them, by that the victims will not listen to the reasoning voice inside them that is doubting the scammers. I have learnt one thing repeatedly on this forum that most investments opportunities on social media are scams, also that we should carry out research about them to know if they are scammers because that is what most of them are. I see many of them on my telegram and due to my knowledge I always ignore them, I don't even click any link that I'm not sure of the source because they can lead to phishing sites, unfortunately social media has become a business place for scammers, everybody must beware.

Mind you that bounties are also very risky and more often than not they do not pay participants who work for them, i'm not trying to discourage you if you think participating in bounties is the right thing to do, but i am just stating the fact. The days when bounties were profitable are already long gone, and these days 99% of bounty campaigns are run by scam projects that are only created to enrich their creators.

I've learned to be cautious about unverified sources, especially on social media and Telegram. I've steered clear of falling for airdrops promising easy money; now, I focus on bounties. Currently, I'm an admin for a project I find trustworthy (at least based on my analysis). Airdrops are too risky with low chances of success. I rely on forums for information because it's a place where others can verify and cross-check details. It feels more reliable, knowing that information is open for scrutiny and discussion. Forums offer a more secure space for gathering insights and making informed decisions in the unpredictable world of crypto.

I don’t believe how people fall for this kind of tricks like it’s so dumb and i feel the scammer is also a beginner at his scamming work because no one will fall for such tricks except those who are ignorant and desperate to invest in cryptocurrency. No matter how simple and suspicious a scam may look there will still be those who will still fall it probably due to ignorance or desperation thats why it is always important to learn about what you intend to do first before you begin with it. I think people who are privileged to be part of this forum are one of the few lucky ones that is knowledgeable about crypto and the scams associated with it and understand the ways of the crypto industry. Going outside the forum made me realize the benefits of the forum we are enjoying and how a lot of people outside the forum lack in depth knowledge about crypto and why it is easy for scammers to deceive them.

I was shocked to see the questions individuals were asking in a particular online Facebook group. These questions that might easily turn them into a target and leave them open to scams. We must exercise extreme caution in our social media claims and interactions with others in the business, as the crypto space is full with scammers and fraudulent activity. Social media can be highly helpful and misleading at the same time. However, scammers utilise the information individuals find on social media to trick people by spreading false information.


The best way to start your crypto journey is to educate yourself so that you know everything there is to know and are aware of the risks associated with it. For beginners, managing cryptocurrency wallets can be difficult. Even the smallest error can result in asset loss or deception if one lacks the necessary knowledge.