Is this a scam? What to do next. - page 3.

Betwrong

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Quote from: LogitechMouse on October 10, 2019, 07:57:35 AM

A common investment scam and that happens all the time and those newbie investors are the ones who are falling into this kind of trap.

First of all, there is no guarantee in investment (my first rule). Even in other investments, there are no guarantees so if you saw the word guaranteed profit the best thing to do is to stay away from the investment because it will end up as a scam.

Some scammers' strategy is that they will put in your dashboard an amount which is twice the money you invested but in reality, you can't withdraw it because in order to withdraw it you must invest a certain amount. Best thing to do to prevent being scammed is either you learn how scammers scam people or just don't invest at all.

Scammers invent new schemes all the time. It's impossible to learn all of them. I think a good practice for the not experienced investors would be something like KYC, only in reverse. Being a customer, know the people you are dealing with. And when you know who are they exactly, read as much as possible about them on the Internet. Trusting your money to someone you don't know is a stupid act, so don't be surprised by the consequences.

karanggatak

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i think the app is made by cheater to fool your friend. you must tell them if he want to invest, he must have friend that know about investation, so the experienced guy can tell more about investation and guarantee that its not scam.
i have family and he have same experience like your friend. he invited by stranger and he do it because the profit is doesnt make sense. at the end he lost the money

Mike Mayor

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Quote from: jarhed on October 10, 2019, 12:18:34 PM

Quote from: Naughty Princess on October 10, 2019, 08:35:42 AM

Quote from: LogitechMouse on October 10, 2019, 07:57:35 AM

A common investment scam and that happens all the time and those newbie investors are the ones who are falling into this kind of trap.

First of all, there is no guarantee in investment (my first rule). Even in other investments, there are no guarantees so if you saw the word guaranteed profit the best thing to do is to stay away from the investment because it will end up as a scam.

Some scammers' strategy is that they will put in your dashboard an amount which is twice the money you invested but in reality, you can't withdraw it because in order to withdraw it you must invest a certain amount. Best thing to do to prevent being scammed is either you learn how scammers scam people or just don't invest at all.

I agree. That is just a bait. There is no investment that will double over night so go away from that and do not believe because if you do you gonna end up of losing than gaining from it. Very few can be trusted but other just copying the project with bad intentions. Beware where you are going to take your investments.

I can’t believe that there are so many people in the cryptocurrency space who believe in easy and quick money making in this market. We must understand that the rate of return on the cryptocurrency market also exists. I think that this rate of return is not more than 30% per year.

I was looking at some advertising sites the other night and unfortunately, sometimes HYIP and scams and the like go through the gaps. I came across a "bitcoin generator" 100x yout bitcoin in 24hours. I just laughed and laughed. HOnestly whoever sends anything to these websites deserves to lose everything they send. The fact that these websites exist means that there are people so stupid out there which is shocking and I wonder how these sort of people live their day to day lives if they believe everything they hear or read. Noone things ok so 0.001 is 0.1 then put 0.1 and get 10btc in 2 days for only 0.001 lol

It annoys me because this crypto should be going toward worthwhile projects to help fund them.

atjiat

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Activity: 1204

Merit: 104

As always, first of all, newcomers are deceived who do not have enough knowledge and experience. One cannot blindly believe in an eloquent promise and large numbers, which are usually created by scammers to attract attention. It is hard to imagine how much money the scammers stole from investors in recent years, because these funds could really improve the situation in the cryptocurrency market.

blckhawk

sr. member

Activity: 1554

Merit: 334

A general rule of thumb in investments, if the person or company promises you huge returns in a matter of short time, it's probably a scam. Not only applicable to bitcoins, but also to other investments offered to you by other people. Those scammers feed out of people's greed to earn money quick, and will do several supporting acts (like the application your friend has) to further fool the victim and get as much as possible before bailing out. It's bad to hear but we all learn from mistakes to make us more cautious.

jarhed

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Activity: 672

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Quote from: Naughty Princess on October 10, 2019, 08:35:42 AM

Quote from: LogitechMouse on October 10, 2019, 07:57:35 AM

A common investment scam and that happens all the time and those newbie investors are the ones who are falling into this kind of trap.

First of all, there is no guarantee in investment (my first rule). Even in other investments, there are no guarantees so if you saw the word guaranteed profit the best thing to do is to stay away from the investment because it will end up as a scam.

Some scammers' strategy is that they will put in your dashboard an amount which is twice the money you invested but in reality, you can't withdraw it because in order to withdraw it you must invest a certain amount. Best thing to do to prevent being scammed is either you learn how scammers scam people or just don't invest at all.

I agree. That is just a bait. There is no investment that will double over night so go away from that and do not believe because if you do you gonna end up of losing than gaining from it. Very few can be trusted but other just copying the project with bad intentions. Beware where you are going to take your investments.

I can’t believe that there are so many people in the cryptocurrency space who believe in easy and quick money making in this market. We must understand that the rate of return on the cryptocurrency market also exists. I think that this rate of return is not more than 30% per year.

Naughty Princess

full member

Activity: 952

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Quote from: LogitechMouse on October 10, 2019, 07:57:35 AM

A common investment scam and that happens all the time and those newbie investors are the ones who are falling into this kind of trap.

First of all, there is no guarantee in investment (my first rule). Even in other investments, there are no guarantees so if you saw the word guaranteed profit the best thing to do is to stay away from the investment because it will end up as a scam.

Some scammers' strategy is that they will put in your dashboard an amount which is twice the money you invested but in reality, you can't withdraw it because in order to withdraw it you must invest a certain amount. Best thing to do to prevent being scammed is either you learn how scammers scam people or just don't invest at all.

I agree. That is just a bait. There is no investment that will double over night so go away from that and do not believe because if you do you gonna end up of losing than gaining from it. Very few can be trusted but other just copying the project with bad intentions. Beware where you are going to take your investments.

LogitechMouse

legendary

Activity: 2576

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Need A Campaign Manager? | Contact Little_Mouse

A common investment scam and that happens all the time and those newbie investors are the ones who are falling into this kind of trap.

First of all, there is no guarantee in investment (my first rule). Even in other investments, there are no guarantees so if you saw the word guaranteed profit the best thing to do is to stay away from the investment because it will end up as a scam.

Some scammers' strategy is that they will put in your dashboard an amount which is twice the money you invested but in reality, you can't withdraw it because in order to withdraw it you must invest a certain amount. Best thing to do to prevent being scammed is either you learn how scammers scam people or just don't invest at all.

abel1337

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: DabsPoorVersion on October 10, 2019, 05:15:27 AM

Quote from: Astvile on October 10, 2019, 02:40:12 AM

Quote from: cryptoblazter on October 08, 2019, 04:59:00 AM

Quote from: Lapatai on September 18, 2019, 02:20:55 AM

~snip

Well that's what newbie who doesn't know to ask before they go into something gets, Sam simply got swayed by the scammer thinking that it would be good if he invest there and he ask no opinion about it and keep sending and sending money without even being able to withdraw some of his "profit",

Most of the time, newbies become the victim of scam, they were targeted by the scammers since the limit of their knowledge about cryptocurrency is limited. They can be an easy target as long as they were promise a big return, they will blinding an individual with having a huge profit in a short period of time which is actually impossible, there is no such investment as that.

Thats right! These cases happen a lot. We are here in this forum to help others specially newbies to avoid these kind of cases. Newbie easily fall from sweet talks, We can help them about the investment that they are doing and the things they do that involves money and crypto.

DabsPoorVersion

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www.Artemis.co

Quote from: Astvile on October 10, 2019, 02:40:12 AM

Quote from: cryptoblazter on October 08, 2019, 04:59:00 AM

Quote from: Lapatai on September 18, 2019, 02:20:55 AM

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Yes, Sam was became a victim of scammer. Didn't Sam ask why the stranger need him to invest again? That was a bib amount of money dude, your friend became neglectful about the moment He talked to the scammer. But I guess after the incident happened He learn from his lesson now.

Well that's what newbie who doesn't know to ask before they go into something gets, Sam simply got swayed by the scammer thinking that it would be good if he invest there and he ask no opinion about it and keep sending and sending money without even being able to withdraw some of his "profit",

Most of the time, newbies become the victim of scam, they were targeted by the scammers since the limit of their knowledge about cryptocurrency is limited. They can be an easy target as long as they were promise a big return, they will blinding an individual with having a huge profit in a short period of time which is actually impossible, there is no such investment as that.

Astvile

sr. member

Activity: 1484

Merit: 276

Quote from: cryptoblazter on October 08, 2019, 04:59:00 AM

Quote from: Lapatai on September 18, 2019, 02:20:55 AM

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Yes, Sam was became a victim of scammer. Didn't Sam ask why the stranger need him to invest again? That was a bib amount of money dude, your friend became neglectful about the moment He talked to the scammer. But I guess after the incident happened He learn from his lesson now.

Well that's what newbie who doesn't know to ask before they go into something gets, Sam simply got swayed by the scammer thinking that it would be good if he invest there and he ask no opinion about it and keep sending and sending money without even being able to withdraw some of his "profit",

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: serjent05 on October 09, 2019, 02:42:25 PM

Quote from: Betwrong on October 08, 2019, 08:35:09 AM

This is a typical scam scheme:

1. They ask you to invest $1,000 promising that the money will be doubled in a week.

2. A week later you check your "balance", using the app downloaded from the scammers, and see that, indeed, your money has doubled.

3. You celebrate thinking that you've found a way of making easy money. Tell your friends to follow your example, and invest more in order to make more than $1,000 per week.

4. After some time you try to withdraw some of your earnings, but nothing happens. You contact the scammers, and they persuade you to wait a month more for whatever reasons ... then a week more, another week and so on.

Same scenario on the person I know. They were convinced to join an investment scheme where their money will increase exponentially, they tried to convince me to join them but I deny them saying it is a possible scam scheme. After sometime, they were so happy because they saw their money growing on their account (website account). After some months I ask them how is their investment going, they said they already profiting 3 folds, when I asked them if they were able to withdraw, they then say they have to wait for 1 year to be able to withdraw. Now when I asked them about it, they told me that the company is gone and they lost $40k on that investment. The quoted message fit in this scenario, so whenever we saw this kind of scheme, we should be warry about it and immediately stay away from it.

But the most interesting part here is were they able to withdraw at least something? OP is asking "What to do next?", and I think we can give some advices, based on our own experience or on the experiences of our friends.

Can you ask your friends, what part of their investment they were allowed to withdraw? Some scammers use more sophisticated schemes than those when you are asked to deposit more and more. They allow you to withdraw a part of your "profits" so that you could think they are legit and invest much more and convince your friends to invest as well. So, maybe, the friends of OP's have a chance of recovering some part of their investment.

serjent05

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Quote from: Betwrong on October 08, 2019, 08:35:09 AM

This is a typical scam scheme:

1. They ask you to invest $1,000 promising that the money will be doubled in a week.

2. A week later you check your "balance", using the app downloaded from the scammers, and see that, indeed, your money has doubled.

3. You celebrate thinking that you've found a way of making easy money. Tell your friends to follow your example, and invest more in order to make more than $1,000 per week.

4. After some time you try to withdraw some of your earnings, but nothing happens. You contact the scammers, and they persuade you to wait a month more for whatever reasons ... then a week more, another week and so on.

Same scenario on the person I know. They were convinced to join an investment scheme where their money will increase exponentially, they tried to convince me to join them but I deny them saying it is a possible scam scheme. After sometime, they were so happy because they saw their money growing on their account (website account). After some months I ask them how is their investment going, they said they already profiting 3 folds, when I asked them if they were able to withdraw, they then say they have to wait for 1 year to be able to withdraw. Now when I asked them about it, they told me that the company is gone and they lost $40k on that investment. The quoted message fit in this scenario, so whenever we saw this kind of scheme, we should be warry about it and immediately stay away from it.

Quote from: jonval21 on October 09, 2019, 02:25:37 PM

is amazin how scam people use the same trick and people get scamed. people should first read and understand the white paper befoare use crypto. where the Byzantine Generals Problem is solved.

Greed cornered them for sure, no matter how knowledgeable we are and how we understand the whitepaper, if greed engulf us, there is no escaping on any scam attempt.

jonval21

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is amazin how scam people use the same trick and people get scamed. people should first read and understand the white paper befoare use crypto. where the Byzantine Generals Problem is solved.

ReiMomo

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Quote from: ropyu1978 on October 09, 2019, 12:48:25 AM

you can compare it after trying both methods, there must be calculations when mining, whether it can cover the costs incurred
certainly for trading can't be considered something simple, we must pay attention to many factors and the possibility of things happening

Both of them are good. Cloud mining and bitcoin buying as well. They have a different way to earn also they have different ways to lose your money. If you think cloud mining is better. Then, that's good for you but I would prefer bitcoin buying because it is profitable for long term investment and less hassle as well. On my own, I better to chose simply buying of bitcoin.

ReiMomo

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Absolutely, That's a scam, Well I think you can do nothing about it and all you need to do is to accept the fact that you've lost the money that you invested. I would highly suggest not to trust anybody especially when it comes to money. Also, you need to check first if it's a trusted site before you invest. Digging research is a must and spent time on it to study, sometimes our greediness will push on us into one of their victims.

Eugenar

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Quote from: Lapatai on September 18, 2019, 02:20:55 AM

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

What Sam and Bob should have is a wide knowledge on the platform that they are entering, as well as the product knowledge. Right now, it was clear that the investment wasn't true every time that the business is calling him to invest event more. No investment do that in reality. But if they will be aware of the systems, they might avoid that and saved the money they have to be invested on legit investment platforms.

teosanru

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Activity: 2114

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Quote from: Lapatai on September 18, 2019, 02:20:55 AM

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Assuming that you belong to somewhere in Europe because you are saying your friends paid EUR. I think you may go to the police this definitely is a scam no legit scheme would invite you to bring more money like this. If they could have been selling some service or bot or API to earn profits even then I would have tried to have second look on that app but this definitely is scam. Police might just help in tracking down those people(What if they are from your city only using proxy of Russia isn't difficult). But if they are really from Russia then I don't really think anything can help you just try customer support if this site does offer any and ask them for money back.

iMark

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Quote from: elda34b on September 18, 2019, 02:25:45 AM

That is a scam. I think the app itself is a fraud (balance changed by the developer or those who request Sam to deposit). The method similar to 'exchange withdraws' help where you need to deposit first before you can withdraw (if that's even possible).

Stop sending them more money. There is no way in hell legit business can double your investment overnight and not allow you to withdraw anything.

I don't know about the police, but you should report it anyway. The police might be able to help you as long as you have enough information about those who called Sam to invest more.

Honestly the police won't take the case that you are taking too seriously. they rarely solve scam investment problems in online, because they are difficult to track and their owners are anonymous. That's obviously a scam, because no legit investment site has personally contacted you to increase your capital to invest more. In an era like this, it should be easy to realize which investments are scam and legit. You have to be more selective dude

bhabygrim

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Best Bitcoin Casino www.coinsaga.com

Quote from: Lapatai on September 18, 2019, 02:20:55 AM

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

It is so easy to see that it is a scam .
There are so many ways for them to know about crypto if they really want to learn all they have to do is search the internet have so many information that they could use.
And of course the app that your friend is using is just a tool for scamming people.
I have seen something like that before someone from Telegram tried to scam me by asking for help and giving me the details of some unknown trading site and in the site it shows that I have a huge balance but I need to deposit first before I could make a withdrawal.

Topic: Is this a scam? What to do next. - page 3. (Read 2486 times)