You're entirely correct that victims of these scams may suffer greatly. The reason it's commonly referred to as a "romance scam" is that the con artist usually pretends to be in a romantic connection with the victim for several months or even years before requesting money. They might even pose as someone else totally or use a fictitious profile photo. It's a terrible scenario, and because the con artists are frequently very skilled at what they do, it may be very challenging to identify these scams.
That's right but not using cryptos and using fiat instead won't prevent people against this kind of scam. Once the romantic scammer get the money from the transfer you've made to him through paypal, a bank transfer or an international money transfer service such as Western Union, MoneyGram or TransferWise for example, he will withdraw it as quickly as he can and you won't be able to get back your funds exactly in the same way as if you had used cryptocurrencies for that instead. 
Topic: Preventive measures not to lose your btc - page 2. (Read 852 times)
That deep conversation and sweet talks and words are likely a romance scam which is popular to the oldies but goodies. They're easy to trust people and even if a random stranger comes to them, they are not going to ignore them if they find some interesting words that they say. One attracting words they'll use is about making easy money and even if we've been reminding a lot of people to avoid such, there will always be those gullible people that will fall for these scams. An experience is what they need but sadly, even some of them have experienced these scams and fake investments, they never their lesson. I've read how many times with these stories that they've fallen to a stranger online that have asked them to invest on specific platform that's not even known, and obviously those fake platforms have been made specifically for their victims.
You're entirely correct that victims of these scams may suffer greatly. The reason it's commonly referred to as a "romance scam" is that the con artist usually pretends to be in a romantic connection with the victim for several months or even years before requesting money. They might even pose as someone else totally or use a fictitious profile photo. It's a terrible scenario, and because the con artists are frequently very skilled at what they do, it may be very challenging to identify these scams.
Social media is the most crowded place in the internet. Scammers target where they will get so many victims on a single launch and social media is the best place to achieve this.
Secondly, no matter how often people are scammed on social media, many people will keep trooping in and get scammed. Apart from twitter, telegram is another place of scam and scams. I deactivated my telegram for a reason and I don't know when last I used my twitter account. Those place that doesn't add to my finance but rather take away my time and resources, I tend to avoid them. But then social media is just unavailable.
I agree that social media is the most crowded place where scammers use it to scam people off of their money but most of us know that it's not just social media that is being used to scam people but also a communication tool for sending messages like google mail, yahoo and other platforms like this. We can still use social media as we want to but it's better if we avoid someone offering a chance to earn profit or something like that. Secondly, no matter how often people are scammed on social media, many people will keep trooping in and get scammed. Apart from twitter, telegram is another place of scam and scams. I deactivated my telegram for a reason and I don't know when last I used my twitter account. Those place that doesn't add to my finance but rather take away my time and resources, I tend to avoid them. But then social media is just unavailable.
One aspect many of you are ignoring is investing in shitcoins, coins that promises unrealistic return on investment... this is similar to ponzi schemes because they always end up as scam. The founders will collect your precious Bitcoin and hand over to you a bag of shitcoins that if not sold immediately you see in the market, they will turn to worthless bag of shit. I think this should be the most convincing and diplomatic way of losing ones BTC. They leverage on the greed in humans to get their victims. It is important to note that BTC is enough for anyone looking for a genuine investment that will give good profits.
You made a very big point here because I nearly became a victim to scammers, of receiving shiltcoin in replacement for my valuable altcoin. Many helpful preventive measure have been listed out in comment section here I appreciate, would not border to repeat, but what I want to add mostly for newbie is to avoid quick rich when ever it involves the Bitcoin and crypto related because it has turn a big strategy for scammers, buying shiltcoin during presale and airdrop that offer bonuses.
Actually you know newbies are always carried away by hypes and offers of huge bonuses without knowing that those are the strategies for scammers because without them listing those offers they know that people won't be interested snd just as you have stated, most newbies believes in get rich quick like as soon as they see an altcoin that's pumping heavily, they would assume that it would continue pumping without knowing that if scammers doesn't use such strategies then they can't convince the newbies so it would be good to stay away from any get rich quick adverts or schemes.
There is nothing that anyone can tell me, social media is one of the easiest place to lose your crypto assets because it's been bombard with lots of fake links and fake giveaways, Twitter is the first one on my list, this is the most targetted social media by scammers and for scammers, sorry to say this Elon, your ass isn't doing anything to prevent it.
Social media is the most crowded place in the internet. Scammers target where they will get so many victims on a single launch and social media is the best place to achieve this. Secondly, no matter how often people are scammed on social media, many people will keep trooping in and get scammed. Apart from twitter, telegram is another place of scam and scams. I deactivated my telegram for a reason and I don't know when last I used my twitter account. Those place that doesn't add to my finance but rather take away my time and resources, I tend to avoid them. But then social media is just unavailable.
I have read lot of stories about recent ways hackers are wilding themselves to steal people's funds.
I will have to list few preventive measures to avoid being scammed maybe you could help add yours here to enable newbies learned and hold their bitcoin tight.
1. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.
2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.
4. Do not be carried away with signup and referral bonuses, there are some people who are always thrilled with that in fact they hunt for that and sometimes they go meet the wrong site where they site would asked them to deposit some specific amount. Please newbie be warned do not be desperate to own some units of useless tokens whereby risking yourself.
5. Do not connect your wallet directly to any site you are not sure of otherwise you could be piped. The best advise is to always make a new wallet and send few gas fee to that wallet and keep your real wallet secure and safe from alteration.
6. Do not create account in any website with the same password you used in another website that is so important to you, lets for example bitcointalk and other forum do not use same password you never can tell what would happened since you don't control the platform by yourself. It's important to always use separate passwords.
7. Do not tell anyone how much is your investment or what year have you started holding bitcoin, such types of discussion often exposes' you to hackers, they don't mind using any forms of techniques to scam you since they have gain little information about you through discussion that is why it's advisable to avoid some sensitive discussions about oneself. Keep in mind that you don't have to involve yourself with any discussion about when you join bitcointalk or when and how long have you hold bitcoin probably what year. What I noticed is that most people often use this answers as secrete question / answer whereby you won't know when you are giving them this vital information from then your account could be hacked.
8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.
Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.
Evwrythi6yiu have listed here is accurate for us to safe our wallet from hackers or scammers. I will have to list few preventive measures to avoid being scammed maybe you could help add yours here to enable newbies learned and hold their bitcoin tight.
1. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.
2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.
4. Do not be carried away with signup and referral bonuses, there are some people who are always thrilled with that in fact they hunt for that and sometimes they go meet the wrong site where they site would asked them to deposit some specific amount. Please newbie be warned do not be desperate to own some units of useless tokens whereby risking yourself.
5. Do not connect your wallet directly to any site you are not sure of otherwise you could be piped. The best advise is to always make a new wallet and send few gas fee to that wallet and keep your real wallet secure and safe from alteration.
6. Do not create account in any website with the same password you used in another website that is so important to you, lets for example bitcointalk and other forum do not use same password you never can tell what would happened since you don't control the platform by yourself. It's important to always use separate passwords.
7. Do not tell anyone how much is your investment or what year have you started holding bitcoin, such types of discussion often exposes' you to hackers, they don't mind using any forms of techniques to scam you since they have gain little information about you through discussion that is why it's advisable to avoid some sensitive discussions about oneself. Keep in mind that you don't have to involve yourself with any discussion about when you join bitcointalk or when and how long have you hold bitcoin probably what year. What I noticed is that most people often use this answers as secrete question / answer whereby you won't know when you are giving them this vital information from then your account could be hacked.
8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.
Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.
The newbie's need to keep reading this post everytim6theu come across it because has good information to protect anyone that do not have good understanding about stay safe as crypto investor. Keeping our seed phrase safe is one of the problems many newbies are facin6and they might not know how to ask the question. It is always advised not to keep our seed phrase electronically because it could be easily accessible if it is hacked or compromised.
It's quite nice the love you guys are giving to us newbies teaching us how to protect our holdings from scammers, but I'll like to emphasis on our greed cause I know this is one of the major reasons people fall for scams just like you said, we newbies need to understand that most offer that seem to outrageous like offering 200% return of investment under 3 days or even a week is impossible, scammers often try to take advantage of our greed and try to manipulate us into believing in their schemes with fake testimonials that they generate themselves. Self control is the only way for us to safe ourselves and we should stop putting our hopes in ponzi scheme to get us rich.
This is nice preventive measures and I will also like to add some security to it if the person is using Electrum, he or she can use Authentication Key or in a simple way the person can create security pin in the Electrum by clicking on the green button by the left side and click on preferences then click pin protection payments and with that whenever you want to transfer bitcoin from the wallet, you have to put the six digit pin and that pin must be a secret pin. So even you lost your seed phrase and someone wants to used the lost key to transfer your coins, it wouldn't because of the pin. So using the pin to secure or prevent your coins is also good.
You forgot to add a point about phishing links which is one of the most common ways scammers use to steal funds from people by stealing their account credentials first and then using those to log into the platforms the victim uses and steal whatever they have in it. People often make such mistakes, newbies do it more often than experienced users because they lack knowledge about these things which is why they easily believe in what the scammers tell them.
Scammers often use some sort of luring technique like a bonus or something about the platform the victim is using so that the victim thinks that it's legit and they might get some bonus if they click on the link and log in using their credentials unaware of the fact that their credentials are being stolen.
Scammers often use some sort of luring technique like a bonus or something about the platform the victim is using so that the victim thinks that it's legit and they might get some bonus if they click on the link and log in using their credentials unaware of the fact that their credentials are being stolen.
One aspect many of you are ignoring is investing in shitcoins, coins that promises unrealistic return on investment... this is similar to ponzi schemes because they always end up as scam. The founders will collect your precious Bitcoin and hand over to you a bag of shitcoins that if not sold immediately you see in the market, they will turn to worthless bag of shit. I think this should be the most convincing and diplomatic way of losing ones BTC. They leverage on the greed in humans to get their victims. It is important to note that BTC is enough for anyone looking for a genuine investment that will give good profits.
You made a very big point here because I nearly became a victim to scammers, of receiving shiltcoin in replacement for my valuable altcoin. Many helpful preventive measure have been listed out in comment section here I appreciate, would not border to repeat, but what I want to add mostly for newbie is to avoid quick rich when ever it involves the Bitcoin and crypto related because it has turn a big strategy for scammers, buying shiltcoin during presale and airdrop that offer bonuses.
You did well OP, your findings Possibilities on how hackers could invades once privacies is one of the common errors most investors makes but wouldn't admit to it because of their ignorants.
In addition, lost of funds preventive means could also be ascertained by thorough researches towards the kind of wallets you uses. There could be related wallet apps in the system wherein you fails to detect which one is the legit one.
Being Concious in logging in your wallet account with different devices is also a good one because some persons are careless and inpatient in requesting a third party for their device to login their wallet account at when they can get reached to their phones.
Nomatter how urgent or emergency such situations would might bring you, just be careful because some devices retains informationd such as passwords even after you logged out so, don't feel so protected and easily trusted a closed one at when dealing about your coins.
In addition, lost of funds preventive means could also be ascertained by thorough researches towards the kind of wallets you uses. There could be related wallet apps in the system wherein you fails to detect which one is the legit one.
Being Concious in logging in your wallet account with different devices is also a good one because some persons are careless and inpatient in requesting a third party for their device to login their wallet account at when they can get reached to their phones.
Nomatter how urgent or emergency such situations would might bring you, just be careful because some devices retains informationd such as passwords even after you logged out so, don't feel so protected and easily trusted a closed one at when dealing about your coins.
Just hodl
Avoid ads
Avoid fake wallets
Avoid fake exchanges
Avoid airdrops, or at least learn how to know the fake ones. I avoided airdrops.
Avoid phishing or attacks, through email, message or call.
Anywhere you see pay 2 to get 4, it is a scam
Use cold storage for huge amount
I prefer to use passphrase, against offline attacks
Avoid clipboard malware and malware generally
Avoid sending to attacker's address in address poisoning
These last ones are shocking:
Avoid trading. Use the amount of money that you can afford to lose for trading.
Also the same to gambling.
You've said it all, every possible things I have in mind to share, but I think it's unavoidable because every newbies have no experience as a beginner until they are thought the hard ways, by making mistakes, unless the newbies decide to say yes no research before anything else or they say no to crypto.Avoid ads
Avoid fake wallets
Avoid fake exchanges
Avoid airdrops, or at least learn how to know the fake ones. I avoided airdrops.
Avoid phishing or attacks, through email, message or call.
Anywhere you see pay 2 to get 4, it is a scam
Use cold storage for huge amount
I prefer to use passphrase, against offline attacks
Avoid clipboard malware and malware generally
Avoid sending to attacker's address in address poisoning
These last ones are shocking:
Avoid trading. Use the amount of money that you can afford to lose for trading.
Also the same to gambling.
Some people are still scared about crypto, not because of the rumours about been Ponzi but because of the many ways that they can lose their BTC and other digital currencies, they see the whole thing as too strong stressful and not worth it, honestly the biggest issue in crypto space is still safety of crypto wallet by the users.
But as time goes on maybe the perfection will be done about crypto wallets, even the former CEO of Binance said this same thing, the possible loss of assets is a big concern.
Just hodl
Avoid ads
Avoid fake wallets
Avoid fake exchanges
Avoid airdrops, or at least learn how to know the fake ones. I avoided airdrops.
Avoid phishing or attacks, through email, message or call.
Anywhere you see pay 2 to get 4, it is a scam
Use cold storage for huge amount
I prefer to use passphrase, against offline attacks
Avoid clipboard malware and malware generally
Avoid sending to attacker's address in address poisoning
These last ones are shocking:
Avoid trading. Use the amount of money that you can afford to lose for trading.
Also the same to gambling.
Avoid ads
Avoid fake wallets
Avoid fake exchanges
Avoid airdrops, or at least learn how to know the fake ones. I avoided airdrops.
Avoid phishing or attacks, through email, message or call.
Anywhere you see pay 2 to get 4, it is a scam
Use cold storage for huge amount
I prefer to use passphrase, against offline attacks
Avoid clipboard malware and malware generally
Avoid sending to attacker's address in address poisoning
These last ones are shocking:
Avoid trading. Use the amount of money that you can afford to lose for trading.
Also the same to gambling.
I do really agree with you best of all never spent your bitcoins as Satoshi Nakamoto will punish you for spending them lol
I have read lot of stories about recent ways hackers are wilding themselves to steal people's funds.
I will have to list few preventive measures to avoid being scammed maybe you could help add yours here to enable newbies learned and hold their bitcoin tight.
1. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.
2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.
4. Do not be carried away with signup and referral bonuses, there are some people who are always thrilled with that in fact they hunt for that and sometimes they go meet the wrong site where they site would asked them to deposit some specific amount. Please newbie be warned do not be desperate to own some units of useless tokens whereby risking yourself.
5. Do not connect your wallet directly to any site you are not sure of otherwise you could be piped. The best advise is to always make a new wallet and send few gas fee to that wallet and keep your real wallet secure and safe from alteration.
6. Do not create account in any website with the same password you used in another website that is so important to you, lets for example bitcointalk and other forum do not use same password you never can tell what would happened since you don't control the platform by yourself. It's important to always use separate passwords.
7. Do not tell anyone how much is your investment or what year have you started holding bitcoin, such types of discussion often exposes' you to hackers, they don't mind using any forms of techniques to scam you since they have gain little information about you through discussion that is why it's advisable to avoid some sensitive discussions about oneself. Keep in mind that you don't have to involve yourself with any discussion about when you join bitcointalk or when and how long have you hold bitcoin probably what year. What I noticed is that most people often use this answers as secrete question / answer whereby you won't know when you are giving them this vital information from then your account could be hacked.
8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.
Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.
I will have to list few preventive measures to avoid being scammed maybe you could help add yours here to enable newbies learned and hold their bitcoin tight.
1. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.
2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.
4. Do not be carried away with signup and referral bonuses, there are some people who are always thrilled with that in fact they hunt for that and sometimes they go meet the wrong site where they site would asked them to deposit some specific amount. Please newbie be warned do not be desperate to own some units of useless tokens whereby risking yourself.
5. Do not connect your wallet directly to any site you are not sure of otherwise you could be piped. The best advise is to always make a new wallet and send few gas fee to that wallet and keep your real wallet secure and safe from alteration.
6. Do not create account in any website with the same password you used in another website that is so important to you, lets for example bitcointalk and other forum do not use same password you never can tell what would happened since you don't control the platform by yourself. It's important to always use separate passwords.
7. Do not tell anyone how much is your investment or what year have you started holding bitcoin, such types of discussion often exposes' you to hackers, they don't mind using any forms of techniques to scam you since they have gain little information about you through discussion that is why it's advisable to avoid some sensitive discussions about oneself. Keep in mind that you don't have to involve yourself with any discussion about when you join bitcointalk or when and how long have you hold bitcoin probably what year. What I noticed is that most people often use this answers as secrete question / answer whereby you won't know when you are giving them this vital information from then your account could be hacked.
8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.
Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.
It's a quick one,ill clearly say I learnt vigorously in this thread.
No.6 really got me shocked you know,have been a victim of using same password for different sites but I never knew it may result in something devastating later on.
But getting to know this now,I'll surely make amends inorder not to fall victim to scammers.
Over the time I have seen established and experienced members in cryptocurrency business advising the newbies on how to avoid scam. But in the end the number of newbies falling for scam keeps increasing as if they are deaf to advices. What happen is that the newbies think that the established members are preventing them from making money. In the end they get scammed and definitely learn from their mistakes. That is why if I advice and they don't take, I'll simply wait till they fall victim and learn from their mistake.
One aspect many of you are ignoring is investing in shitcoins, coins that promises unrealistic return on investment... this is similar to ponzi schemes because they always end up as scam. The founders will collect your precious Bitcoin and hand over to you a bag of shitcoins that if not sold immediately you see in the market, they will turn to worthless bag of shit. I think this should be the most convincing and diplomatic way of losing ones BTC. They leverage on the greed in humans to get their victims. It is important to note that BTC is enough for anyone looking for a genuine investment that will give good profits.
Many people do not actually know that this is scam. I have seen people create scam coins, make money from it and in the end they get glorified by the society that they are into bitcoin. While in the real sense they are scammers. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.
No. Don't even engage in conversation with strangers if it's not about business specifically on Telegram which is the paradise of online scammers. 2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
Yes, and this scam strategy comes in two ways we have the ROI, and we have the pyramid Ponzi scheme. They are all old scamming strategy and this is why I never have good feelings towards some memecoin.3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.
The best thing is to know how the scammer works because they always find a way to bypass that unless you don't join some crypto telegram discussion group.
Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.
Newbies that are lazy to learn and take necessary precautions to avoid been scammed should stick to holding bitcoin in an open source non custodial wallets, they should learn how to maintain and keep their seed phrases and private keys safe.
Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.
Nice one op. I just want to add that with the way things are going right now and in other to completely avoid the chances of getting scammed through phishing links. It's better to get an airgapped device and store your funds offline because scammers are really stepping up the games. They're now embedding malwares on ads shorteners, Google ads, and other places you may least expect. So having a large amount of your funds on a device that's connected to the Internet is not good.
One aspect many of you are ignoring is investing in shitcoins, coins that promises unrealistic return on investment... this is similar to ponzi schemes because they always end up as scam. The founders will collect your precious Bitcoin and hand over to you a bag of shitcoins that if not sold immediately you see in the market, they will turn to worthless bag of shit. I think this should be the most convincing and diplomatic way of losing ones BTC. They leverage on the greed in humans to get their victims. It is important to note that BTC is enough for anyone looking for a genuine investment that will give good profits.
2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
Scammers are being innovative but some are so desperate so you'd be able to tell by some moves they make. Most times the best thing to do before indulging in an investment you've not heard of before is to make your research.
When someone tells you that you can invest money in a project and within a very short period of time, like a few days, you'll get many times over your ROI, know then that it's a shining red flag and a sign for you to flee, so you must avoid it by all means. Common sense tells me that if an investment like that is possible, it'll be kept a secret as long as the profit keeps pouring in, because they'll keep reinvesting their money without anybody knowing, although the problem is that people that you trust can ignorantly sale the idea of investing in a scam investment, because they're told that it's legit. So the answer for me is to make research and have adequate knowledge of any investment before putting money into it, this includes buying Bitcoin and knowing how to secure your wallet.
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