I met a young and beautiful Asian woman on a dating site. She is 27 years younger than me.
She belongs to a professional cryptocurrency organization that provides multi-millionaires with when and what coin to trade. About 3 - 4 trades a week.
The reason she belongs to the group is because her Uncle runs it.
She said she will give me the trades for free.
We have done several video chats so she is real.
I used to trade FOREX heavily so I thought Cryptocurrency would be similar.
I open a Coinbase account.
She tells me to Buy Bitcoin and keep it for 60 seconds and then sell it.
I don't know how to work Coinbase but I do see Bitcoin go up and up.
So now I'm trying to learn how to trade on Coinbase.
She gives me another trade, with the same instructions, Buy and hold on for 60 seconds and then sell. But I don't know how to do that. Bitcoin goes up and up.
I'm amazed at how this professional group is able to do this.
She said that I can't trade on Coinbase because it doesn't offer the features that her platform does. On her platform, she can Buy and hold on to it and Sell it in 60 seconds. You can't do that with Coinbase.
So she wants me to transfer all of my Coinbase money into the platform she uses, which is:
BitContractPro
She has $100,000 in her account. She averages $10,000 a month.
She will teach me how to trade on that platform.
While the tale of meeting a young, beautiful woman who promises to share insider cryptocurrency trading tips may sound appealing, it's crucial to remember the old saying: If it sounds too good to be true, it probably is.
There are numerous red flags in this scenario:
- No Free Lunches in Trading: Professional cryptocurrency organizations that have insider information about the perfect moment to trade don't just share this information for free, especially not through a third party on a dating site.
- Incredible Profits: The claim of average earnings of $10,000 per month is an enormous amount, even for seasoned traders. Beware of unrealistic profit promises.
- Specific Platform Usage: Urging you to move all your money from a well-established platform like Coinbase to an obscure one like BitContractPro is a classic technique used in many scams. Always perform thorough due diligence before transferring funds.
- Quick Buy-Sell Strategy: Real trading doesn't usually work with a 'buy and hold for 60 seconds then sell' strategy. It requires careful analysis, an understanding of market trends, and patience. This 'quick-profit' strategy sounds very much like a gamble rather than trading.
This story is a textbook example of online scams, designed to lure inexperienced traders into parting with their hard-earned money. Always remember legitimate trading requires knowledge, practice, and disciplined risk management. And above all, never invest money you can't afford to lose.
As we traverse the crypto world together, let's do so with caution and diligence, avoiding such traps and helping each other stay informed and safe.
Happy and safe trading to all!