Ninjastic
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Board Bitcoin Discussion
Re: How to Identify Cryptocurrency Scams
by
gabbie2010
on 15/03/2021, 04:22:09 UTC
Quote from: goldade on February 27, 2021, 05:34:10 PM
Quote from: bitc01ner on July 28, 2019, 07:29:28 AM
Hey, this recently published article on how to avoid risky investments and spot frauds mentions our forum  Cool

Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12

This is a great piece of news and it's especially useful for newbies who are usually prone to falling for scams like this
Most scams employ the tactic of promising huge amounts of money to unsuspecting victims only to require a certain of money that has to sent to a particular address before the withdrawal request can be processed
This is mostly done using Airdrops on Telegram. I was a victim of a scam like this back in 2017 when I just got started with bitcoin. I sent the required coin only to discover it's just a scam
Most of this scammers promised triple returns as a bait to  tricks newbies it unfortunate that a lot of them fall for the trick because they have been convinced by what they saw beyond any doubt that its real whereas they are fake until they get scammed before they gave up.
It is very common now that these scammers also deployed the use of YouTube videos to perpetuate their  fraudulent activities attimes the damage must have been done before those videos are taken down.