He Lost His Investment. See what Happened!

Chato1977

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Quote from: Wenbing on April 29, 2020, 12:52:23 AM

These prompt me to ask some questions:

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam or not?

You dont have to ask all of these if you will only trade by your self than letting 3rd party to do this for you , if they can trade then why not you?

this will only need time, effort and understanding .

never be too greedy and never rush , take your time and learn little by little , and with those? surely you will settle for good in the future.

24Kt

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Quote from: uneng on May 18, 2022, 07:32:40 PM

Quote from: Finestream on May 18, 2022, 06:58:47 PM

When things are just becoming too good to be true, then we should always be alert with that. All those telegrams are just scammers playground and that they will never stop from deceving people especially if they can see that you are just very easy to be manipulated. Learn on your own and gain all the experience, be it losses or gains. You will gain self- advantage in the end.

I've seen so many attempts of this kind in my country since the last bull run. 99% of people claiming to be professional traders, coaches and leaders are scammers. Probably these guys don't even trade anything. It's likely they just run ponzi schemes, using the funds of new investors to pay the oldest ones until the pyramid collapses, once new investments slow down.
It's funny how so called experts lure newbies to invest: they show themselves making hundreds of thousands of dollars daily at platforms like binary options, exhibit luxurious cars, apartments, clothes, accessories, lifestyles... Then they offer e-books for free that will make you rich, but you need to join their telegram group before and bring your friends as well. Sadly, these guys still have fan clubs. Tongue

Doubt if you think the offer is already out of normal context of things. We can't expect everyone to be honest especially if they are offering their services. They are always over exaggerating of things just to entice naive users that will send them their hard-earned savings. These scammers will try and try their best to fish gullible individuals who are hoping for high profits at a short period of time.

DoublerHunter

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Quote from: LUCKMCFLY on May 20, 2022, 05:57:21 PM

Quote from: lienfaye on May 10, 2022, 11:17:22 PM

Quote from: taufik123 on May 10, 2022, 11:13:47 AM

It's a big mistake to entrust your investment to someone else. even though they are professional traders, we don't know what they will do later if there are no recommendations from several people who have used their services.

Its not really advisable to ask other traders to do the work for you even you consider this particular person as trusted.

You dont know what they up to and if we're talking about money, many people are becoming greedy and tend to forget their responsibility or what they promise.

Its best to do it yourself, learn to be a trader using your own knowledge and experience. Because it feels good to earn if you know you gain it through your hardwork and not because of other people.

You are right, it is never good to do it, in fact I know several people who are unable to make trading decisions if it is not with a group of signals or with bots that advise them what movements they should make. Some traders learn and train, I know several who without studying is like a special talent that they have to see the movements and do them to win, it is very difficult for them to make mistakes, but in reality they do them very well, in my particular case yes I have read several books and I feel that there is still much to learn, for now the market is difficult for me to determine, therefore I do not dare to trade, because it would be like gambling.

^ For those who are in trading that did not know how to trade and rely upon a group to gain knowledge, they are jumping into trading because they heard about profit, not the knowledge. Human instincts are very trying hard, they will do in a different way just to earn money and probably they think trading is an easy way of making money which is the fact it is not.
We have several cases like this, but I hope more of them have learned the mistake that is a part of our life and in trading, there must a mistakes to be learned.

LUCKMCFLY

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Quote from: lienfaye on May 10, 2022, 11:17:22 PM

Quote from: taufik123 on May 10, 2022, 11:13:47 AM

It's a big mistake to entrust your investment to someone else. even though they are professional traders, we don't know what they will do later if there are no recommendations from several people who have used their services.

Its not really advisable to ask other traders to do the work for you even you consider this particular person as trusted.

You dont know what they up to and if we're talking about money, many people are becoming greedy and tend to forget their responsibility or what they promise.

Its best to do it yourself, learn to be a trader using your own knowledge and experience. Because it feels good to earn if you know you gain it through your hardwork and not because of other people.

You are right, it is never good to do it, in fact I know several people who are unable to make trading decisions if it is not with a group of signals or with bots that advise them what movements they should make. Some traders learn and train, I know several who without studying is like a special talent that they have to see the movements and do them to win, it is very difficult for them to make mistakes, but in reality they do them very well, in my particular case yes I have read several books and I feel that there is still much to learn, for now the market is difficult for me to determine, therefore I do not dare to trade, because it would be like gambling.

uneng

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Quote from: Finestream on May 18, 2022, 06:58:47 PM

When things are just becoming too good to be true, then we should always be alert with that. All those telegrams are just scammers playground and that they will never stop from deceving people especially if they can see that you are just very easy to be manipulated. Learn on your own and gain all the experience, be it losses or gains. You will gain self- advantage in the end.

I've seen so many attempts of this kind in my country since the last bull run. 99% of people claiming to be professional traders, coaches and leaders are scammers. Probably these guys don't even trade anything. It's likely they just run ponzi schemes, using the funds of new investors to pay the oldest ones until the pyramid collapses, once new investments slow down.
It's funny how so called experts lure newbies to invest: they show themselves making hundreds of thousands of dollars daily at platforms like binary options, exhibit luxurious cars, apartments, clothes, accessories, lifestyles... Then they offer e-books for free that will make you rich, but you need to join their telegram group before and bring your friends as well. Sadly, these guys still have fan clubs. Tongue

Finestream

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Quote from: goldkingcoiner on May 13, 2022, 06:30:19 AM

Quote from: avikz on April 29, 2020, 01:48:39 AM

Quote

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

All of them are scams! If some professional trader has the capability to trade and earn a good amount of money every single day/month, why he would need other people's money? This is the first thing to understand. The behavior is very similar to ponzi schemes and must be avoided by all means.

Quote

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam or not?

Same answer is applicable here as well. If someone has the capability to predict the market, he will use his own money to become rich. Why he would sell it to the public for a little fees?

I am not sure about telegram escrow system. Do you mean it is an official feature of telegram? I haven't seen anything as such!

THIS!

Do not ever trust your money to anyone or anything other than yourself. All those telegram/youtube/tiktok/whatever traders are all scammers. They rent lambos to take pictures in order to dupe people into believing that they somehow made a lot of money trading when in reality, they are just scamming people out of their money. Do not listen to them and do not buy their courses or any subscriptions to trading groups.

I really do not understand how people keep falling for those scammers.

When things are just becoming too good to be true, then we should always be alert with that. All those telegrams are just scammers playground and that they will never stop from deceving people especially if they can see that you are just very easy to be manipulated. Learn on your own and gain all the experience, be it losses or gains. You will gain self- advantage in the end.

nurilham

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Activity: 1498

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Quote from: Wenbing on April 29, 2020, 12:52:23 AM

The professional trader promised to pay profit monthly which is supposed to be a fixed ROI.

It happened that the traders was actually faithful to the promised payment for a certain period.

Is there an agreement between the two regarding this? Mainly the money is used for other investments, not according to the agreement? If so, doesn't this mean misuse of investment and can be punished?
But if there is no agreement, of course, this cannot be proven and money will be lost in vain.

Quote from: Wenbing on April 29, 2020, 12:52:23 AM

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

I will not beleive others to do the investment and will not use the services although that is my family memeber. Because I am aware that money is very senstive. I will better use certain exchange, buy the coin,and save the coin on walletor even do staking while holding in tursted exchange only.

Kasabus

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Quote from: lienfaye on May 10, 2022, 11:17:22 PM

Quote from: taufik123 on May 10, 2022, 11:13:47 AM

It's a big mistake to entrust your investment to someone else. even though they are professional traders, we don't know what they will do later if there are no recommendations from several people who have used their services.

Its not really advisable to ask other traders to do the work for you even you consider this particular person as trusted.

You dont know what they up to and if we're talking about money, many people are becoming greedy and tend to forget their responsibility or what they promise.

Its best to do it yourself, learn to be a trader using your own knowledge and experience. Because it feels good to earn if you know you gain it through your hardwork and not because of other people.

Learn to trade on yourself and accept mistakes and losses from your initial trades. That way, you will learn from all your mistakes. Creating shortcuts by entrusting your trades to some professional traders will not hone you to be a good trader, you are only giving yourself less chances to learn and earn. And yes, no matter how you deeply trusted that person, the fact that there is big money at stake, people will always resort into being greedy and fulfill his own selfish desires.

TheClownSong

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Quote from: Ararbermas on May 17, 2022, 01:12:43 AM

Well for me for sure its a scam mate, especially if that trader came from telegram because mostly users are frauds, and to be honest with you I've never seen a traders that asking a money from other people to trade and promised something in return. What is that an investment? Lol nope it doesn't exist when it comes trading. So better to stay away and leason learned!

total scammer this account, good trader never ask money from anyone he will use his trading skill to growth their money and also it will enough for them. scammer will use anyway to lie and take our money. we could learn by ourself without any guided by joining premium signal group,alot resources we find online in youtube or any site.

Leebabe

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You can make a research on them.When you do, you'd find that in most cases it is usually a scam. Do not give your money to anyone to trade for you,walk away whenever you see them.

Ararbermas

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Well for me for sure its a scam mate, especially if that trader came from telegram because mostly users are frauds, and to be honest with you I've never seen a traders that asking a money from other people to trade and promised something in return. What is that an investment? Lol nope it doesn't exist when it comes trading. So better to stay away and leason learned!

rodskee

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Quote from: Vaculin on May 16, 2022, 06:26:01 PM

Quote from: joniboini on April 29, 2020, 01:57:28 AM

Instead of giving your full money, doing copy-trade is probably better. The problem is this kind of feature is limited and not supported by most exchanges. But at least you don't risk losing your entire funds.

Never use signal service or trading deals, most of the time they're fake and even if it's legit, it won't last long.

Never trade in the first place if you are not capable to trade. Because if you only rely for other people to do your trades, although you gained profits somehow, but it won't be forever like that. Worst is, those you trusted at first will scam you in the end. Although copy trading is quite better than that, but the fact that you only trade from some other trading strategies, that won't make you a good and reliable trader after all.

maybe it is OK to use that copy trading for a while but of course not forever , maybe give them at least 6 months? that is more enough to understand how trading goes and how trading is profitable but risky .

Quote from: sklopan on May 12, 2022, 08:34:00 AM

Of course, I understand everything, but I advise you to remember once and for all - in this industry you can only trust facts and agreements. I don't take any promises.

promises are made to be broken , so never buy promises but work it for yourself. remember that it is our money and not from others so we are the sole losers here.

Fatunad

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Quote from: Vaculin on May 16, 2022, 06:26:01 PM

Quote from: joniboini on April 29, 2020, 01:57:28 AM

Instead of giving your full money, doing copy-trade is probably better. The problem is this kind of feature is limited and not supported by most exchanges. But at least you don't risk losing your entire funds.

Never use signal service or trading deals, most of the time they're fake and even if it's legit, it won't last long.

Never trade in the first place if you are not capable to trade. Because if you only rely for other people to do your trades, although you gained profits somehow, but it won't be forever like that. Worst is, those you trusted at first will scam you in the end. Although copy trading is quite better than that, but the fact that you only trade from some other trading strategies, that won't make you a good and reliable trader after all.

You could indeed make money but on the time that those people you have copied with will stop then what would you do? Since you hadnt able to learn on your own then
you would really be seeing this to be a hard situation for you to cope up since you dont really have that skill since you are dependent since from the start
thats why its sensible to learn on your own rather than on depending for the rest of your life.

Vaculin

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Quote from: joniboini on April 29, 2020, 01:57:28 AM

Instead of giving your full money, doing copy-trade is probably better. The problem is this kind of feature is limited and not supported by most exchanges. But at least you don't risk losing your entire funds.

Never use signal service or trading deals, most of the time they're fake and even if it's legit, it won't last long.

Never trade in the first place if you are not capable to trade. Because if you only rely for other people to do your trades, although you gained profits somehow, but it won't be forever like that. Worst is, those you trusted at first will scam you in the end. Although copy trading is quite better than that, but the fact that you only trade from some other trading strategies, that won't make you a good and reliable trader after all.

LUCKMCFLY

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Quote from: Cling18 on May 06, 2022, 09:59:07 AM

Most scammers are using Telegram and Escrow platforms to look for their victims. They offer promotions that are good to be true and mostly their victims are newbies and beginners. As for me, beginners should focus on gaining knowledge at least about the basics of trading first so they will be able to determine legit over scam promotions. Also, we shouldn't trust people that we meet online and we must always be skeptical.

You are absolutely right, for me also the biggest scammers are on telegram, just pay attention to the things they say and that's it, it's very simple, for me also a novice cannot trade, I do not recommend the signals either because they are from harmful in some way because it does not let the person learn why they should choose a certain movement, I think that for a novice to be successful they should read books so that they learn to understand the market, also reading books gives a lot of support for many things, even gives the support to determine who tells you lies and who does not.

darewaller

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Quote from: goldkingcoiner on May 13, 2022, 06:30:19 AM

Do not ever trust your money to anyone or anything other than yourself. All those telegram/youtube/tiktok/whatever traders are all scammers. They rent lambos to take pictures in order to dupe people into believing that they somehow made a lot of money trading when in reality, they are just scamming people out of their money. Do not listen to them and do not buy their courses or any subscriptions to trading groups.

I really do not understand how people keep falling for those scammers.

There are too many gullible people who end up trusting their money to others, or invest according to what others are saying as well. We talk about people who invest by giving it to others and we do not talk about the situation at hand all that much, reality is that most of the people who lose money in crypto are not the people who just give their money to others, but also people who end up investing themselves but to things others have said.

If you are doing that then you are going to end up losing money most of the time as well. Just invest into long term good projects that you trust that will go on for a long time, otherwise it makes no sense.

xSkylarx

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Quote from: LouVandetta on May 13, 2022, 09:46:55 AM

Quote from: taufik123 on May 12, 2022, 11:14:29 AM

Quote from: nur rochid on May 12, 2022, 07:18:20 AM

If you want to do it yourself, it's hard at first, of course you will feel uncomfortable feelings, but that's how you have to go through to become a true trader and investor. maybe at the beginning we will lose some money because of loss, but we can think of it as a school, and it costs money, therefore with the spirit that must be increased it will be able to make us to collect the money we crave

But as much as possible to minimize these losses, learn from the mistakes of others or the experiences of others and apply them to the trading we do. Losses will still happen to get an experience. We can learn a lot in this forum, there is a lot of knowledge about how to invest well and profitably and losses due to investment can be prevented.

Mistakes are your best teacher. Well at least to those that can actually admit their mistakes and learn from 'em. You'll only know how much the risks of cryptocurrency investment after you experience the sweet and bitter journey of it. Every type of investement is not all rainbows and sunshine. Only trust yourself tho, make your own judgement and research. Do not trust the so called experts and so on.

Yeah, I really agree with this because when I was still learning the basics of bitcoin, I did have a mentor on it to which he just guides me on what should be the next step of my learning. Also, he shares his own strategy, but it is not working for me. So after learning the basics, I started to learn strategies on it to know what is most suitable for me. At first, in demo, I was losing a lot, but later on I got my own strategy and decided to try with real money, but still there are mistakes that I have made and I have learnt from it. Experience is also a big factor in it because you can somehow predict it.

LouVandetta

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Quote from: taufik123 on May 12, 2022, 11:14:29 AM

Quote from: nur rochid on May 12, 2022, 07:18:20 AM

If you want to do it yourself, it's hard at first, of course you will feel uncomfortable feelings, but that's how you have to go through to become a true trader and investor. maybe at the beginning we will lose some money because of loss, but we can think of it as a school, and it costs money, therefore with the spirit that must be increased it will be able to make us to collect the money we crave

But as much as possible to minimize these losses, learn from the mistakes of others or the experiences of others and apply them to the trading we do. Losses will still happen to get an experience. We can learn a lot in this forum, there is a lot of knowledge about how to invest well and profitably and losses due to investment can be prevented.

Mistakes are your best teacher. Well at least to those that can actually admit their mistakes and learn from 'em. You'll only know how much the risks of cryptocurrency investment after you experience the sweet and bitter journey of it. Every type of investement is not all rainbows and sunshine. Only trust yourself tho, make your own judgement and research. Do not trust the so called experts and so on.

goldkingcoiner

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Quote from: avikz on April 29, 2020, 01:48:39 AM

Quote

1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

All of them are scams! If some professional trader has the capability to trade and earn a good amount of money every single day/month, why he would need other people's money? This is the first thing to understand. The behavior is very similar to ponzi schemes and must be avoided by all means.

Quote

2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam or not?

Same answer is applicable here as well. If someone has the capability to predict the market, he will use his own money to become rich. Why he would sell it to the public for a little fees?

I am not sure about telegram escrow system. Do you mean it is an official feature of telegram? I haven't seen anything as such!

THIS!

Do not ever trust your money to anyone or anything other than yourself. All those telegram/youtube/tiktok/whatever traders are all scammers. They rent lambos to take pictures in order to dupe people into believing that they somehow made a lot of money trading when in reality, they are just scamming people out of their money. Do not listen to them and do not buy their courses or any subscriptions to trading groups.

I really do not understand how people keep falling for those scammers.

taufik123

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Quote from: nur rochid on May 12, 2022, 07:18:20 AM

If you want to do it yourself, it's hard at first, of course you will feel uncomfortable feelings, but that's how you have to go through to become a true trader and investor. maybe at the beginning we will lose some money because of loss, but we can think of it as a school, and it costs money, therefore with the spirit that must be increased it will be able to make us to collect the money we crave

But as much as possible to minimize these losses, learn from the mistakes of others or the experiences of others and apply them to the trading we do. Losses will still happen to get an experience. We can learn a lot in this forum, there is a lot of knowledge about how to invest well and profitably and losses due to investment can be prevented.

Topic: He Lost His Investment. See what Happened! (Read 986 times)