Existence of scams everywhere either online or real life. Cryptocurrency isn't regulated, does it mean scam not happening on the real worlds with fiat money? I don't think so, we aren't highlighting here about real worlds scam, just take look into your government then you will realize about real-life scams. Cryptocurrency scams highlighting because there is no tracking system on decentralized cryptocurrency. So it's quite impossible to identify real scammers.
Good to see that you saved your friends. I have to admit your friends wasn't much greedy, before send fund to the scammer he had asked you. If newbies share with seniors about such as scam attempts then they can save their valuable assets.
Topic: Why are scammers everywhere, it is obvious online - page 3. (Read 607 times)
Some people should try to investigate about a business or a website before investing anything on such websites, because of greed many people are scammed. I think of it that it is not possible for a website to double money in less than a day, this is not possible, it is just a scam. Some people are scammed because of greed, they do not want to be patient, they only believe in scam until they are scammed.
Scammers are everywhere because majority of people are into crypto because of profit, not because of idea and philosphy behind bitcoin. So naturally, greedy people are more prone to be scam victims, especially if they are ignorant, as many newbies are.
Is it because cryptocurrencies are not regulated the way it suppose to be?.
I guess that's it. With certain advantages comes also a disadvantage, what makes the advantage more balance is as to it's scaling in terms of balance. So long as the advantage out weighs the disadvantage then, it is allowed to persist.It's no doubt scammers have taken to exploiting this system to suit their purpose.
Its normal that, where ever there is a good thing, there is also going to be some element to plague the system. Your security always turns to you. It's always a necessity that you should verify platforms before making any transaction as what is done as per sending your Bitcoin to other wallets or platforms can not be undone.
But again, no matter the regulations put in place, scammers are always going to be out looking for loopholes to exploit for their selfish advantage.
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Actually, those are the people (your friend) who are searching by the scammers. And scammers always do this even it would be regulated. And that is happening in this earth. They always find a new technique to do a scam. So I think regulation will not stop them completely. but may help to lessen the scams.
The real issue here is not by being regulated, the main issue is the main idea of newbies in bitcoin. Newbies are the main target of the scheme because they know that it's too easy to earn in the bitcoin world. Newbie's first impression in bitcoin is too profitable, so if they see some chances like investing in some websites like this some of them will automatically join without thinking twice.
It will not stop until it's profitable to the owner of the website.
When encouraging someone to use bitcoin, please tell them to prevent investing in HYIP investment like this, or else they will become the next victim of these websites.
It will not stop until it's profitable to the owner of the website.
When encouraging someone to use bitcoin, please tell them to prevent investing in HYIP investment like this, or else they will become the next victim of these websites.
We can double your money = scam
We can tipple your money = scam
It looks like they are giving free money if they do this. Are you Elon Musk to do that? Lol.
Those platforms are absolutely scam no one will double their money by just investing a small amount. It's good to see that you are aware of this kind of scam to prevent your friend makes an investment and risk all of their money with this kind of platform.
Always beginners and greedy will fall on this scam. If there are still victim on this scam sure the scammer won't stop.
We can tipple your money = scam
It looks like they are giving free money if they do this. Are you Elon Musk to do that? Lol.
Those platforms are absolutely scam no one will double their money by just investing a small amount. It's good to see that you are aware of this kind of scam to prevent your friend makes an investment and risk all of their money with this kind of platform.
Always beginners and greedy will fall on this scam. If there are still victim on this scam sure the scammer won't stop.
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Minutes before you opened this topic:
Regulation has nothing to do, scams were happening with fiat, ponzi schemes are a hundred years old, the thing is not about the laws.
Most of the people that are coming to bitcoin are here for gains, they've heard stories about making x10 x100 profits so for the most of them an obvious ponzi scheme seems legit because they know from a trustable source that indeed it is possible to make profits in short time with cryptos. So they fall for all the tricks out there.
The other problem lies with the easy way scammers can get away, transactions are irreversible, there is no way of freezing those accounts, most victims won't press charges for 100-200$ because they know it will cost them 10x more to even take to court someone that resides across the globe and there you have it. The perfect combination.
BTC Help me. I have purchased mining software that doubles my bitcoins as Bitcoin Core on my Computer.
Is it because cryptocurrencies are not regulated the way it suppose to be or this is just how the world is?.
Regulation has nothing to do, scams were happening with fiat, ponzi schemes are a hundred years old, the thing is not about the laws.
Most of the people that are coming to bitcoin are here for gains, they've heard stories about making x10 x100 profits so for the most of them an obvious ponzi scheme seems legit because they know from a trustable source that indeed it is possible to make profits in short time with cryptos. So they fall for all the tricks out there.
The other problem lies with the easy way scammers can get away, transactions are irreversible, there is no way of freezing those accounts, most victims won't press charges for 100-200$ because they know it will cost them 10x more to even take to court someone that resides across the globe and there you have it. The perfect combination.
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It’s not a regulation related issue per se, but rather more the existence of ruthless people that can hide behind anonymity (for the most), in order to swindle gullible people. Crypto somehow seems to have an aurora around it, that somehow leads people to believe that getting rich is quick, easy and painless. Add to that inexperience, and messages that often prompt you to act swiftly before the offer runs out, and you get your call to action in motion. Someone’s bound to take the bait, so repeat and rinse the modus-operandi with slight changes in incentive and site appearance.Take a look at this:
It’s hard to conceive that someone will believe that you’ll make 120% after 24 hours, 140% after 2 days or 300% after 24 with a VIP plan. That can only be a straight-up scam. These types of sites are created/cloned frequently, and tend to copy their modus-operandi, structure and even the set of FAQs from one to another. Create one, scam a few, close it, repeat and rinse.
How exactly did you get to know of this site (further than "got in touch with a random on the internet that recommended me this site")?
This is often something that is not detailed when we see the aftermaths, and it’s just as important to get to know, since it creates awareness on the points of contact origin.
I’m also curious how this paced so quickly: The scammers domain was registered barely ten days ago (which does not mean the site has been up for so long).
By the way, performing a quick reverse image on the alleged CEO renders (without going into investigating them any further):
- A Mark Smith (now degraded to Investor) on a very similar look-alike site (https://www[dot]babylon[dot]co[dot]uk[dot]index.html)
- An Ed Machen who provides a testimony on a College consulting site
- A nameless guy at company that "builds innovative companies and disrupt markets" (he’s in the team of finance/investment).
- Yet another sibling of the scam family of sites described in the OP (https://btc-train[dot]uk), where our guy has now regained the title and name as in the OP (RUSS MEDLIN - CEO).
- And yet another one (https://cryptosheart[dot]com), where our CEO is now Antonio Conte, degraded to Marketing Head.
- And again (…) another site belonging to the scam saga, where our CEO is now Antonio Conte (again), Head of Trading.
Damn, how much is this guy making? ...
Ok, I’ve had my fun. The list goes on for pages and pages of google image search results ...
If you want to have some (careful) fun, skim through the search results that I pointed at in the above post: There are 11 pages of results with (nearly all) the same presumed CEO of a swindler website, being used for multiple scam sites, many of which have a similar look and feel. This shows how some of these sites are related, with changes in bait here and there. Now go and get some social engineering in motion to spread the links and wait for the bite ...How exactly did you get to know of this site (further than "got in touch with a random on the internet that recommended me this site")?
This is often something that is not detailed when we see the aftermaths, and it’s just as important to get to know, since it creates awareness on the points of contact origin.
I’m also curious how this paced so quickly: The scammers domain was registered barely ten days ago (which does not mean the site has been up for so long).
By the way, performing a quick reverse image on the alleged CEO renders (without going into investigating them any further):
- A Mark Smith (now degraded to Investor) on a very similar look-alike site (https://www[dot]babylon[dot]co[dot]uk[dot]index.html)
- An Ed Machen who provides a testimony on a College consulting site
- A nameless guy at company that "builds innovative companies and disrupt markets" (he’s in the team of finance/investment).
- Yet another sibling of the scam family of sites described in the OP (https://btc-train[dot]uk), where our guy has now regained the title and name as in the OP (RUSS MEDLIN - CEO).
- And yet another one (https://cryptosheart[dot]com), where our CEO is now Antonio Conte, degraded to Marketing Head.
- And again (…) another site belonging to the scam saga, where our CEO is now Antonio Conte (again), Head of Trading.
Damn, how much is this guy making? ...
Ok, I’ve had my fun. The list goes on for pages and pages of google image search results ...
Fraud has always been and will be in human history, this cannot be avoided.
Everything is even easier on the internet because it is much easier to hide the true identity and it is harder to discover and punish the culprit.
In addition, in times of crisis, people become desperate and are ready to try anything to get out of trouble.
You're a really good friend.
Maybe your friend has some knowledge and skills that he can offer here on the forum, like translating or programming, and earn something in a fair way.
Everything is even easier on the internet because it is much easier to hide the true identity and it is harder to discover and punish the culprit.
In addition, in times of crisis, people become desperate and are ready to try anything to get out of trouble.
You're a really good friend.
Maybe your friend has some knowledge and skills that he can offer here on the forum, like translating or programming, and earn something in a fair way.
To put it simply, it's quite easy to scam people(by taking advantage of the gullibility of a lot of people) and at the same time with the high likeliness of getting away scot-free. I mean, bitcoin and most cryptocurrencies are pseudonymous; that alone should be enough of a warning. And along with that, there are domain name services which doesn't require KYC, and you can even use bitcoin with some.
Some weeks ago, I told two of my friends about bitcoin and how to use it, I tried to devote my time for them. The two of them like bitcoin they were interested. I opened electrum wallet for them. After some weeks, it was even yesterday, a friend of mine contacted me using Whatsapp, he told me what he saw online, that it is even possible to double bitcoin online. He wanted to double his bitcoin, I told him that it can be a scam that he should send me the link.
The website want people to deposit a minimum amount of 0.002 bitcoin to a maximum of 10 bitcoin, that in 10 hours the bitcoin will double. I told him immediately not to do it that it is a scam. I would have blamed myself for telling my friends about bitcoin, but I was happy because he did not send his bitcoin but told me about it before doing anything. But why are scam very obvious now, some are even having domain and nothing done about it. Is it because cryptocurrencies are not regulated the way it suppose to be or this is just how the world is?.
Code:
https://bitcoindoubler.tech/
The website want people to deposit a minimum amount of 0.002 bitcoin to a maximum of 10 bitcoin, that in 10 hours the bitcoin will double. I told him immediately not to do it that it is a scam. I would have blamed myself for telling my friends about bitcoin, but I was happy because he did not send his bitcoin but told me about it before doing anything. But why are scam very obvious now, some are even having domain and nothing done about it. Is it because cryptocurrencies are not regulated the way it suppose to be or this is just how the world is?.
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