Topic: Resist trending attractions claiming potential of rewards in the BTC industry (Read 99 times)

You don't need to argue much about this when your left with the option to read their terms and condition of which many of us left unattended to and proceeds to using their platform and even making them referrals, so who is at fault in this kind of situation.


Anyone who chose to engage on such is doing that at his own risk, i don't see what information that will be of benefit will a newbie who is not being informed will influence on others when he has the same challenge of going through the learning process.

Pretty normal to see those platforms giving reward to referrer if they can bring a lot of investor on their platform so that they can do more better job and think about getting more but we need to be aware that scamming is rampant and its so wrong to drag people into scam platforms just for us to earn some bucks. That's why if we have clean conscience we should know better than any other people especially for newbie and don't promote any known scam since its not good to earn that way while there are newbies are in verge to lose their money because of those scam platforms.

People really need to know or realize that there's no easy way for them to earn bitcoins and they need to spend a lot of time before they can do it since spending while earnings without doing anything is not applicable here since commonly this is used by scammers so I hope you are aware about this and don't let scammers take your money or other newbie hard earned income.

You don't need these third parties to invest in Bitcoin. There are claims that there are some genuine centralised platforms but most of them end up becoming scam projects. For me, one of the indicators of an unreliable platform is when they promise rewards for referrals.

You can introduce and teach somebody about Bitcoin but the decision to invest should be the person's choice. And you should advise the person to do his research before having an interest in investing.

Social media and fake publications should be avoided when it comes to gathering information. Don't believe these so-called crypto experts who claim to be knowledgeable about the sector. That is why cybersecurity and wallet protection are a major course in the Bitcoin space.     

You obviously understand the concept of the original Bitcoin platform dynamics, basically apart from trading, Hodling and probably you been paid in Bitcoin by your employee and lastly mining I don't think there's another legitimacy with Bitcoin that rewards and ask you to bring someone to get such rewards, most of such scheme are scam as that which I stated above are the most legitimate way of owning or investing in Bitcoin, any thing short of that may be deceptive and scam prone, so let's be careful to making sure any thing you have doing with Bitcoin as a beginner falls within, buying, trading and hodling, mining or been gifted or paid or rewarded for a task in Bitcoin.

Referral scheme are mostly Ponzi that promise people to get rich quick and reward them for referring or bring people onto their scheme because to the best of my knowledge no exchange or platform where you can buy Bitcoin makes it exclusive that you get rewarded for bringing some to the platform thereby making it a criteria to grow your account. There could be occasionally promotional rewards but not attaching it to been a criterion to get your account grow.

It's not really bad to seek out ways to earn free cryptocurrency, but the high rate of scams has made it look bad because 90% of what is promoted as free ways to earn cryptocurrency is a major scam, and only 10% of that is real. In such a space, it becomes very difficult for newbies to differentiate between scams and legit offers. It's better to invest your own money and watch it grow rather than seek out ways to earn free coins until you fall victim to scammers.

There was a topic created some weeks ago, and the OP was actually advising newbies to always handle every piece of information they get from the internet as an undiluted lie unless it has been proven to be legit.

If you come across any give-away, always make sure to verify how legit the information is before you can continue with the activity that can help you earn the free crypto; otherwise,  you may just be wasting your time and can also get compromised.

I supposed this statement have been made over a million times that "Bitcoin is not a get rich quick scheme" So when people get convinced with such ponzi scheme scams it's solely due to lack of information (Bitcoin knowledge) and this forum is probably meant to enlighten such newbie or beginner on how to handle such issues never to fall victim of scams. Perhaps introducing people who are interested in crypto related things to this forum is absolutely not a bad idea or does not harm rather it profits them because they will get more knowledge as soon as possible. except you're probably talking about introducing people to trading which is probably or certainly a bad idea because whatever happens after such action will be blamed on the referral.

The more people starts realizing that they can't get rich over night the better. one question I usually ask ponzi scheme scammers is, if you have all this knowledge of making me this amount of profit over a period of 24hrs why didn't you make use of the opportunity and make your self more rich? this question scares them away as soon as possible because they don't have a good answer to it.

According to one of our mates " untill the prime suspect is cought everyone is a suspect" if this is also applied I guess the issues of get scammed will be reduced.

As much as I know, non of the legitimate Bitcoin trading and investment platforms have the provisions for rewarding any of its investors who brings in or referers individuals to come in onboard to the Bitcoin industry.
This is to let the beginners and the in need of help guides to understand clearly that it is better to concentrate on your individual affair in this Bitcoin industry so that you don't get activated on initiating uninterested people in the industry who may have you to be blamed if the market goes South as a nature of the currencies volatilities and also you don't get convinced and falls a victim by any form of scamming platforms that may claim that they have rewards for any newcomer or your endivoirs to bring other persons to the platform.
Mind you all... Due to the decentralization and self custodial system in this Bitcoin space, lot of Internet fraudsters tirelessly stressing on how to victimize any of the loose guarded Bitcoin holders. They are more of interested to hit the less knowledge investors in the industry so, you should take note so that you get enticed by the trends and attractive firms of these scammers.