Topic: Don't trust social media - page 4. (Read 608 times)

It's hard to imagine anyone being fooled by such nonsense on social media. People who are deceived by letting other people make their wallets are the same as letting thieves take our things before our very eyes. I can't understand how someone could be so stupid as to tell someone else to create a wallet and fund it. I am sure that such a person will be frustrated and experience deep regret when he realizes that he has actually been deceived.

To believe in social media is everyone's right to privacy and indeed new users are always faced with limitations, yes. Everyone has a beginning and sometimes getting a reliable source is also difficult, so many beginners make mistakes at the same point and are very easily attracted if someone wants to help solve the problem. However, if they want to cultivate a habit of reading a lot and diligently, I think it is very easy to implement to invest properly and correctly in this crypto world.

Only gullible people are the ones who will fall into that kind of trap.
Gullible, desperate, and ignorant investors are the ones who will get scammed by this.

TBH, I both agree and disagree with your subject title. For me, it's just like you are telling us investors to stop trusting all social media platforms. I mean how is the adoption of Bitcoin increasing? How is cryptocurrency getting advertised? With the help of social media platforms. If you tell people to stop trusting whatever they see on social media, the adoption rate will not increase. Nevertheless, you can't stop people from trusting what they're seeing online especially when there's money involved. Sometimes, when they see an opportunity, they forget the fact that it might be a scam attempt on that person, and they focus on the fact that they can get money when they get involved in it.

At the end of the day, these social media platforms are just tools that are being used for good, and bad. People use it to spread information to other people, but at the same time, they're using it to scam these ignorant and newbie investors.

Nowadays as the world is progressing the number of fraudsters is increasing day by day so those who are new to crypto should always exercise caution. Not only this news but also many other types of social media where scammers make various positive comments about Bitcoin and attract people to deposit money on their platform. When those fraudsters are lured in various ways to make quick money a new user will pay them in various ways due to that greed and fall prey to scams. There are many fraudsters who advise people to invest in different places with personal messages from Telegram groups and there are high profits all these things fool people. When a news comes out, those scammers have a lot of people who comment that it's really good, then a new user sees and invests in it, and then how much they lose. Many times the keys of the wallet are mistakenly hacked by a newbie and later he suffers a lot of pain when money is lost from his wallet. So it is most important for a new user to be very careful about these things so that he does not make such mistakes and suffer pain in future.

You can ignore them, block them and even can report them if you believe they are scammers, impersonators, spreading phishing links.

On some social media platforms, turn off a feature for strangers to add you to their groups that usually are scam groups.

Turn off feature of automatic download files like on Telegram.

How to disable auto media download on Telegram

Thanks for that warning, but I'm just curious what social media it is and can you at least drop the name so that it's easy to avoid once someone encounters this?  Is this a vlogger or an influencer?  If so, sometimes it depends on the reputation to which people easily entrust their funds and avail their offer.

There are too many strangers on social media, I even received a bunch of messages on my social media regarding crypto trading and creating an account, offering help for free but usually I ignored them especially if I didn't know who I was talking with.

Cases like this should always put in our mind that we should always be knowledgeable first in crypto before putting our funds.

The phrase, Ignorance is bliss should be changed to ignorance is hell especially relating to finance, sad truth that there would still be individuals who would fall for this scam but I guess they would be totally ashamed after this, since they fail to realise that wallet is similar to their bank account and so how many of them would allow a total stranger to create a bank account for them or at least send their account balance to a stranger.

This scam is actually dangerous, since after sending a screenshot of the wallets to the scammer even if the person then understands that he/she is about to be scammed and end contact with the scammer, if the amount of coins in the wallet is enticing to the scammer, they scammer may find a way of Robbing such individual offline since its social media, getting details of such individual will be easier. The best is to totally avoid it.

Sad truth but the hype of getting the next Meme coins/tokens like Shiba Inu, Pepe, Baby doge and their likes has made alot broke rather rich if only they could avoid the hype from all these social media and invest in bitcoin.

 This is literally true and I don't think any scam in this category will succeed without having team of such doing this kind of background and that's why not all reviews especially on social media are to be trusted, we have to be really cautious of were we get reviews or financial advice.

I have noticed this pattern by scammers in the past few years I have been involved in bitcoin. Newbies fall for the testimonials, not knowing that the scammers are the ones in control of the accounts. Sometimes a newbie who comes across such posts on social media would go through the comments to see what people are saying about the investment.

Some people are easily convinced by the positive comments from “different” people, they also make the mistake of engaging these individuals in dms to get more information about their experience investing with such and such. This is very risky because now the scammers know who you’re and will do all they can to convince you to invest.

Let's wait on how is going to label this or there's already one for this, we've got the pig butchering scam already and I think that it can be associated with this since it's building you trust and not the conventional type of relationship as love scam so, it may be classified as that. Because you've just met that guy and that promises some gains or anything in assurance that you're going to make money if you believe and trust him with some instructions given on what you must do next.

How will you meet a random person on social media, and they will request to help you create a wallet and fund it? It’s just too obvious that the person is just trying to scam you. How will someone fund your wallet when you don’t even do anything for them and they don’t even know anything about you? It’s better we just stop looking for free money in the crypto space because scammers are always making use of the opportunity. When you are on social media, just think everyone you meet is a scammer, so when chatting with anyone, do it with care.

You are right, sometimes when scammers are operating, they are always doing that in groups, so everyone one of them is always playing a role, and after they successfully scam someone, the money will be shared among them, so the testimonies that they are making are still in their plans. With good testimonies, people will be able to fall into their trap easily, so no matter the testimonies you see on social media, don’t trust them.

I was just shaking my head the other day when I saw a post from some scammer trying to make people feel bad for not trusting him right off the bat.  He was going on about how folks oughta send him money first before even thinking for themselves and  as if! It reminded me that with social media these days, you always gotta keep your eyes peeled for shady stuff like that, especially if youre new to cryptos and dont know the ropes yet. 

Anyway bottom line is trust your gut, guys and gals! Dont let anyone pressure you into parting with your hard-earned coins without doing your homework first.  We all started clueless once upon a time.  Stay smart and dont feel bad for applying common sense!

I'm just wondering what the guy want to share like why asking for a screenshot before teaching them what to do and if i may ask teach them what?, people replying to offers like this don't even know the system and they don't know how things works, that's why it's best to learn about crypto or bitcoin in a safe place like this forum, where you get your first knowledge matters alot and people interested in this kind of offer need to learn about bitcoin and after learning no one will even tell them to secure their coins but they already know what to do.
I often see people like this claiming to know but they have a very bad motive and unknowingly to people they want more money, I don't think anyone with the knowledge of bitcoin will fall for this and if you check his page carefully you will find out he's into crypto scam and his trick sounds so stupid.

Absolutely, mate. Those social media influencers are leading many young investors in the crypto space astray. Just recently, I came across a post by an op who said that his fund which he had received on his wallet was wiped out.this might just be as a result of similar case of this YouTuber. Helping others create wallets is like taking over access to their money. Unfortunately, many people, especially newcomers, don't realize the risks involved in sharing such sensitive information.

 I often advise newbies and people I meet online to steer clear of so called cryptocurrency experts on social media who promise to help with funds. These individuals are often scams, criminals, or promoters of questionable coins flooding the market. We should all be cautious and avoid losing money in the pursuit of potential gains.




This goes to everyone mate not just the newbies. We should try to be realistic most time as not only the newbies falls victims of such scam activities. Most times, other people may fall victim out of ignorance and lust for profits

This is for newbies: if you think being learned by taking on self research and reading important contents that can build you knowledge is too difficult a process then give ignorance a try and watch out how scammers will prey on you with same knowledge you fail to gain. By mere reading every details of the scammer in the Op one doesn't need a magician to ring it in  yea head that this is a scammer and should be ignored.

Who knows what the person who posted might have posted earlier before this one, which he was referring to, and what made others pick interest in the thing? It could also be that it was just some random fake screenshot that was shared on Facebook among his followers, which attracts people to his page.
 
Almost all the time we talk and teach about how people can avoid being scammed by these scammers and how they can lower their greed and get it in the back of their minds that there is no free money anywhere on the internet and crypto-currency investment can't just turn you wealthy over night.
 
Most of these newbies will still flood around posts like that and make the mistake of entrusting their funds to someone else, who will later add that to their wealth, and at the end of the day, those who entrust him with money will be left with nothing.

It's all a process scam and he starts off preying on the weak and naive at first and then maybe he will move to another stage of them showing their balance making it look simple and plain but as they go deeper he takes advantage and moves to a more sensitive part since the person is already cooperative, he will focus on that till he gets to where he's supposed to land. This type of thing only affect those that know their way around the crypto space because you won't tell someone who has been here and has been tutored and have read so many documentary here about scams project will still fall for such naive and silly scam.

There should be a name for this where the scammers try to convince the individual do do what they want as fast as possible so that before they'll realize and come to their senses of what is happening, the scam will already have taken place and the victims funds lost. There should be a name for this first few moments.

It's a complete scam to those who already know what this person is trying to do especially when the post stated that they should send him the crypto after purchasing and also about helping them creating their own wallet which already means that the wallet that the other person that will get is already compromised. As satoprincess stated that there is a chance that the people who are in the comments that are interested might/could be a part of it. There might be a victim of this especially those who didn't really know about crypto but for others won't be fooled by this person.

If you looking for a quick way to makeoney you should also be ready to lose, because it's crazy to believe that someone will help you create a wallet and funding it, this is the most stupid thing I have hard on the internet, many of those low life scammers have nothing to offer and at that will employ such cheap means to get their target, andnifnobe is greedy or gullible, the chances to fall for such is high and should be avoided.
As a newbie, the most important thing to learn is security and how to get the freedom that you deserve and with high privacy as possible, and for such believing any third party to help create a wallet is a foolish and vunorable position for anyone.

Yeah you actually right the people in the comments section might also be part of this,  Facebook, (X which formerly known as Twitter) telegrams are like the home of scammers even Instagram also. But this is pretty obvious that is an scam act. But some people that have no concerning bitcoin and their mindset is that bitcoin is a get rich quick scheme will fall as victims to such act. That is always go to take your time research and learn.

And you can see that base on its post that is trying all means to persuade them,  and even go further that he will creat wallet for them sake wallet I'm going to put my asset. Is like putting the faith of my coins in someone else hands. Because there no way you won't tell me he won't keep their security seed phrase.