Wow, that's a long litany probably consisting of a very familiar narrative. Well, it's too long; I didn't read. A very long OP written almost in a single paragraph won't attract readers.
Anyway, I suppose the bottom line is that don't trust anybody, more especially strangers, and most especially strangers online. Don't trust anybody, more especially with your fiat, and most especially with your Bitcoin.
Moreover, don't trust individuals on Youtube, Telegram, Twitter, Facebook, and all others regarding signals. And don't trust them regarding investment opportunities either.
Topic: How youtube bitcoin professional traders are scamming (Read 323 times)
The content of your post is a must to read but please make it shorter and straightforward the next time you post something like this.
It is really true that Youtube is one of the most used platforms when it comes to advertising scams besides Twitter.
Also always check for a certain company before you make an action and also consider legitimacy before you deposit or send bitcoin.
Making transactions in a suspicious company is really not a good idea and never aim for an easy money or double money because that will obviously make you lose your money.
It is really true that Youtube is one of the most used platforms when it comes to advertising scams besides Twitter.
Also always check for a certain company before you make an action and also consider legitimacy before you deposit or send bitcoin.
Making transactions in a suspicious company is really not a good idea and never aim for an easy money or double money because that will obviously make you lose your money.
The idea to rely on Youtubers for your trades or investments is rotten at the beginning.
Youtubers need traffics and subscribers on their channels. What they try to do is attract as much people as possible that will help them to earn money.
On big youtube channels, you will see many fake youtube accounts try to impersonate the real youtubers. They are scammers and you will lose your money if you follow their request. Real owners of big youtube channels are not likely to scam you with $500 or $1000 as they can earn more from their works in the long time.
Be careful at most with fake youtube accounts.
Youtubers need traffics and subscribers on their channels. What they try to do is attract as much people as possible that will help them to earn money.
On big youtube channels, you will see many fake youtube accounts try to impersonate the real youtubers. They are scammers and you will lose your money if you follow their request. Real owners of big youtube channels are not likely to scam you with $500 or $1000 as they can earn more from their works in the long time.
Be careful at most with fake youtube accounts.
He said he will introduce me to another broker where his signals works with 98% accuracy and he introduced me to traderadvance.com,
This was your mistake to deposit fund in a unknown site. There are many scams trading platform and exchanges who will never return your money.
PM'd you.
He said he will introduce me to another broker where his signals works with 98% accuracy and he introduced me to traderadvance.com,
This was your mistake to deposit fund in a unknown site. There are many scams trading platform and exchanges who will never return your money.
You could have only get the signals from that person (if you are not experienced in trading) but you should have traded on a platform such a binance.
Bruh, always avoid all these cheap exchanges that comes out of nowhere, you have to be very careful no matter how much anyone tries to convince. Scammers are always ready to pay some desperate freelancers a few bucks to drop a lot of positive comments on their website, I have seen things like this happen, so don’t believe everything you see.
Always make use of the big websites that are already verified and trusted and have been around for years, we have Binance and Coinbase and Hitbtc, if his signals doesn’t work with any of the big exchanges, then why some useless small exchange ? Lol. And stop looking for signals, learn to trade by yourself. You just learnt a lesson and that made you wiser now.
Always make use of the big websites that are already verified and trusted and have been around for years, we have Binance and Coinbase and Hitbtc, if his signals doesn’t work with any of the big exchanges, then why some useless small exchange ? Lol. And stop looking for signals, learn to trade by yourself. You just learnt a lesson and that made you wiser now.
but being a lone wolf will only get you so far.
This was my thought that made me decide to give the professional a trial, like i said earlier, my job wouldn't allow me to sit with my system and watching the market but i thought with him i wont be able to spend more than 15-30 minutes online in a day which is perfect for me. I never subscribed because of any high gain it promises because i know that any system that promotes such gain is likely to be scam.Some people get attracted by those high gains promise and eventually get burnt when they come in contact with reality, this guys are professional marketers trying to catch the attention of gullible investors who are seeking for easy way out, but in your own case, you already recognize that such high gains are not real,
Not all this so called signal providers actually knows it, in fact i would say that %99 of them are doing guess work, good you shared your experience here for others who seem to be hunting for signal group to learn a thing or two.
First of all, please put proper indentions so that we'll be able to read this long story of yours better.
Now, let me give my opinion to your story. Udemy is a good online academy that offers a lot of courses which you could use in Trading, but, what you did wrong is that you carelessly trade on a platform on which you didn't fully verify if they are legit or not. In YouTube videos, just go with the platforms that are being promoted by a channel that has a lot of subscribers and google it, see if many people are using it to confirm that it is safe to engage.
Now, let me give my opinion to your story. Udemy is a good online academy that offers a lot of courses which you could use in Trading, but, what you did wrong is that you carelessly trade on a platform on which you didn't fully verify if they are legit or not. In YouTube videos, just go with the platforms that are being promoted by a channel that has a lot of subscribers and google it, see if many people are using it to confirm that it is safe to engage.
Oh for Christ's sake, I just read all that bull shit the scammer wrote ,give us a break . No one is falling for such a bunch of lies.
I have a hang over and it's bothering me more ,now I went through reading such drivel.
I have a hang over and it's bothering me more ,now I went through reading such drivel.
This kind of scam is common. It looks more like a modified ponzi scheme. I keep telling people that money doesn't come easy. You have to sweat in order to earn it. You can't just send someone money and then go to sleep and expect it to multiply just like that.
Such deals end up with you getting scammed... and please, they are not professional traders but rather scammers.
Yes, you are really right, but every day hundreds of thousands of people learn about making money on the Internet, namely in trading, all scammers live at the expense of such people, in order to avoid this, children need to be taught financial literacy at school and institute. Such deals end up with you getting scammed... and please, they are not professional traders but rather scammers.
but being a lone wolf will only get you so far.
This was my thought that made me decide to give the professional a trial, like i said earlier, my job wouldn't allow me to sit with my system and watching the market but i thought with him i wont be able to spend more than 15-30 minutes online in a day which is perfect for me. I never subscribed because of any high gain it promises because i know that any system that promotes such gain is likely to be scam. 
Your story is a very cautionary. And it is a good example of some key things in finance, trading and cryptocurrency - learn in deep by your own the direction you are going to work in, do not trust another people the future of your assets and profit, and be ready that the technical analysis does not always works in predictions for crypto trading. Everyone should make decisions by his own, it will be the best choice.
No, this is not a case that will make learning with a mentor a bad thing. OP just got scammed by comment spammer that has a lot of bots to provide fake testimonies. I have seen this kind of scam in a Facebook group that I am in, a lot of bot accounts preaching the same testimony about trading. Of course there is nothing wrong with learning by yourself but being a lone wolf will only get you so far. Signal providers are a textbook case of trading scammers, no one knows what happens in the market, and if they say that they have an insider information about a rise, why would they give it to someone for a profit. If I know when the prices go up and down, I would not share it to anyone even for a profit. This kind of scam is common. It looks more like a modified ponzi scheme. I keep telling people that money doesn't come easy. You have to sweat in order to earn it. You can't just send someone money and then go to sleep and expect it to multiply just like that.
Such deals end up with you getting scammed... and please, they are not professional traders but rather scammers.
Really i was not enticed by the high yield profits he promised because we didn't start our discussion based on that, it was in the middle of trading that i realized he was making a lot of profits for me with his very accurate signals, in fact it was the quick profit that made me start to doubt the whole thing more. I was only looking for a signal provider and this is because my job wouldn't allow me for market analysis. Such deals end up with you getting scammed... and please, they are not professional traders but rather scammers.
This kind of scam is common. It looks more like a modified ponzi scheme. I keep telling people that money doesn't come easy. You have to sweat in order to earn it. You can't just send someone money and then go to sleep and expect it to multiply just like that.
Such deals end up with you getting scammed... and please, they are not professional traders but rather scammers.
Such deals end up with you getting scammed... and please, they are not professional traders but rather scammers.
You are right boss, as at the time i started with them there were many who rated them high but weeks after i have already fell to their scam i started reading very few bad reviews about them, in fact that is what really confirmed my initial feeling that they are scam and that is why i decided to place a withdrawal to confirm. One more thing is that for every 1 bad review they get, they will have 5,6,7 or more favorable reviews that will make you think the bad reviews are minimal, they have continued doing that every day till this moment. I believe they use multiple accounts as syndicate to review themself.
They can make hundreds of these fake reviews a day. There are companies that specialize in this kind of work, especially in the Philippines, India, Pakistan...
The general rule in such cases is: if something looks too good to be true it usually is. If they claim they can double your money in 1 month it's a scam. If they were able to do it they wouldn't need your money at lousy 10% fee. They'd take a loan, quadruple the profit in 1 year and pay it back to the bank, leaving themselves about 380% of pure profit.
Quote
The second day i received a call from a man who claimed to be their legal consultant. (...) The following day i received another call from another person who claimed to be for my mentoring (...)
-Hello this is John, company's legal consultant, I'm calling to ask why you haven't deposited 50 thousand American Dollars.
-I'm waiting for my withdrawal to arrive first and then I'll deposit.
- Your withdrawal is handled by our accounting department, Sir. Please deposit money right away and you will be assigned a personal mentor.
/pokes the guy next to him/
-your turn, call him!
-Hello this is Mark, professional trader, I was assigned to work with you Sir. Have you deposited 50 thousand American Dollars?
You got it perfectly as if you were the man
. I never knew i could be scammed because i have always been careful dealing with strangers online when it comes to money transaction. 
You are right boss, as at the time i started with them there were many who rated them high but weeks after i have already fell to their scam i started reading very few bad reviews about them, in fact that is what really confirmed my initial feeling that they are scam and that is why i decided to place a withdrawal to confirm. One more thing is that for every 1 bad review they get, they will have 5,6,7 or more favorable reviews that will make you think the bad reviews are minimal, they have continued doing that every day till this moment. I believe they use multiple accounts as syndicate to review themself.
They can make hundreds of these fake reviews a day. There are companies that specialize in this kind of work, especially in the Philippines, India, Pakistan...
The general rule in such cases is: if something looks too good to be true it usually is. If they claim they can double your money in 1 month it's a scam. If they were able to do it they wouldn't need your money at lousy 10% fee. They'd take a loan, quadruple the profit in 1 year and pay it back to the bank, leaving themselves about 380% of pure profit.
Quote
The second day i received a call from a man who claimed to be their legal consultant. (...) The following day i received another call from another person who claimed to be for my mentoring (...)
-Hello this is John, company's legal consultant, I'm calling to ask why you haven't deposited 50 thousand American Dollars.
-I'm waiting for my withdrawal to arrive first and then I'll deposit.
- Your withdrawal is handled by our accounting department, Sir. Please deposit money right away and you will be assigned a personal mentor.
/pokes the guy next to him/
-your turn, call him!
-Hello this is Mark, professional trader, I was assigned to work with you Sir. Have you deposited 50 thousand American Dollars?
Your story is a very cautionary. And it is a good example of some key things in finance, trading and cryptocurrency - learn in deep by your own the direction you are going to work in, do not trust another people the future of your assets and profit, and be ready that the technical analysis does not always works in predictions for crypto trading. Everyone should make decisions by his own, it will be the best choice.
Quote
He asked how much i want to start with, i said $500 and he said $500 is too small that i should make it $1000.
Because if you made say 20% on your 500 and were to give him 10% of the profit, he'd earn a whopping 10 bucks in 2 months. He wanted you to invest more not because it allows you to make money and $500 not. It allowed him to make more money and you were to take all the risk. I'm fairly sure he asks everybody to double their investment. You started low (500), but if you said 10k, he'd ask you to invest 20.
Quote
many people scored the company above 4.5/5, i came here to search for name whether it will be mentioned in any scam but i didnt get any negative information about them,
Not these people...
Fake reviews are cheap.
You are right boss, as at the time i started with them there were many who rated them high but weeks after i have already fell to their scam i started reading very few bad reviews about them, in fact that is what really confirmed my initial feeling that they are scam and that is why i decided to place a withdrawal to confirm. One more thing is that for every 1 bad review they get, they will have 5,6,7 or more favorable reviews that will make you think the bad reviews are minimal, they have continued doing that every day till this moment. I believe they use multiple accounts as syndicate to review themself.
Quote
He asked how much i want to start with, i said $500 and he said $500 is too small that i should make it $1000.
Because if you made say 20% on your 500 and were to give him 10% of the profit, he'd earn a whopping 10 bucks in 2 months. He wanted you to invest more not because it allows you to make money and $500 not. It allowed him to make more money and you were to take all the risk. I'm fairly sure he asks everybody to double their investment. You started low (500), but if you said 10k, he'd ask you to invest 20.
Quote
many people scored the company above 4.5/5, i came here to search for name whether it will be mentioned in any scam but i didnt get any negative information about them,
Not these people...
Fake reviews are cheap.
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