Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

Bitadvisor

Newbie Member
LV
0
 
Joined
Jun 5, 2021
Messages
13
Reaction score
3
Points
10
Location
South Africa
BMF Points
$270
Rating - 0%
0   0   0
Once you send BTC to someone's wallet, that transaction cannot be reversed. Furthermore, it is very unlikely that you will ever uncover the identity of someone from only a wallet address. With this in mind, consider if it is a good idea to send BTC to someone you don't know with the promise that 2 x of that value will be returned to you.

These Double Your BTC and Double your ETH are all scams, and people are still falling for it. Why? Why do people fall for any scam that to another person seemed very obvious? This is my assessment:

1. People believe that the opportunity is legit.
People evaluate the value/worthiness/truthfulness/legitimacy/accuracy of any message or statement based on:
- the source of the message,
- the context of the message,
- the quality of the message.
Scammers use these parameters to sell their lies:
- ...by using the name of someone famous, wealthy or trusted, for example Elon Musk,
- ...by forging the setting of the scam in a respected, trusted, feared and/or authoritative environment, for example by playing a video of a legitimate cryptocurrency conference while selling their scam in a YouTube video,
- ... by faking their location to be a country where scams normally don't originate from, for example pretending to be a cloud mining site from Canada or a financial services company from UK,
- ...by pretending that their industry is normal, for example money flipping
- ...by registering a real company,
- ...by pretending to be regulated by some authoritative body,
- ...by using a pretty website.

2. People are desperate, and desperation clouds your judgement.
Scammers feed on your desperation using tactics such as:
- placing a count-down clock on the scam website to manipulate your sense of urgency,
- convincing the victim that the only way for them to recover their losses is to send even more money,
- requiring that the victim recruit other victims to recover their losses.

3. People don't like to admit to themselves that they were wrong, especially if they ran a loss.
If you bought a very expensive pair of ugly over-priced shoes and you start to realise the shoes are actually ugly, instead of admitting your mistake you'll convince yourself the shoes are good looking.
-
The bigger a loss from you being wrong, the more you convince yourself that you made a profit.
- Once a person has been scammed with cloud mining, they will seek out more cloud mining sites and convince themselves the loss wasn't because they were wrong about cloud mining.
- Whilst in the midst of being scammed and having a loss, instead of admitting the loss, they will input even more money just to confirm to themselves that they are not being scammed.

These are the FACTS:
- Famous people don't ask you for money.
- Wealthy people don't give away money.
- Trustworthy people don't expect from you to trust them.
- How money flipping works: you give the scammer money and he flips you off.
- ALL cloud mining websites are scams.
- Company registrars don't regulate companies, nor do they check the accuracy of information that they are provided, they just register companies.
- Scammers also register companies, it does not mean they are legit.
- The quality of a website's design has no correlation to it;s legitimacy.

STOP FALLING FOR SCAMS!
 
Most people falls for these as they are new to it and they just trust everything they see, i think it's sometimes important for them to get scam or learn it the hard way as they will learn much better that way
 
There is no free money anywhere. You are told to send an amount and receive double of it immediately, how? I wonder how people still get scammed with this method. But like you said, it is due to pure greed.
 
Most of the people who fall for scam aside from newbies are people who always wanted to take the risks despite knowing that it's a scam they still wanted to try
 
Great summary, even being active in this area, sometimes it's hard to see difference between legit and scam, therefore everyone should have a base set of rules to interact with sites, our crypto rules of engagement, there rule one, if they ask for monies, step back if they ask for trust and pointing to trustpilot, step back.
With some more you get a nicely framework that guides through the hell of scam to find the one legit site.
 
U also don't know why they fall to cryptocurrency scam. Or should we say that they are greedy to want to increase there cryptocurrency? How on Earth is it possible for someone to double a coin in just 24 hours while just trading? People should always ask themselves questions before the invest there coin anywhere.
 
Do you think people fall for scams , no they don't they are enticed and invited if you stop communicating with the fraudsters you won't loose your money and you'll be safe as most of the market adjusts to the things so it is always good to have a study on the proposed offer if it looks real or not ?
 
Nowadays, people prefer shortcuts to meet their goals. People Search for shortcuts in every field of life. Tips to earn money easily, Simple and easy way to lose fats, instant way to get fair and lits goes on and on. This shortcut makes us an easy target for the scammer. Scammers are always waiting for such people, who have fear of urgency and once we take their bait of shortcuts, we get trapped.
 
Nowadays, people prefer shortcuts to meet their goals. People Search for shortcuts in every field of life. Tips to earn money easily, Simple and easy way to lose fats, instant way to get fair and lits goes on and on. This shortcut makes us an easy target for the scammer. Scammers are always waiting for such people, who have fear of urgency and once we take their bait of shortcuts, we get trapped.
Spot on mate ! I just feel what our next generation would be like who have seen mobile phones , tablets and cars roaming around them , they actually are enticed even more easier than us by the scammers and that is why it is important to educate them by us , once they are educated they won't fall to such scams and about us we can always set an example by not opting for things that don't look good and we don't know the people running such things by face in my perspective view
 
Once you send BTC to someone's wallet, that transaction cannot be reversed. Furthermore, it is very unlikely that you will ever uncover the identity of someone from only a wallet address. With this in mind, consider if it is a good idea to send BTC to someone you don't know with the promise that 2 x of that value will be returned to you.

These Double Your BTC and Double your ETH are all scams, and people are still falling for it. Why? Why do people fall for any scam that to another person seemed very obvious? This is my assessment:

1. People believe that the opportunity is legit.
People evaluate the value/worthiness/truthfulness/legitimacy/accuracy of any message or statement based on:
- the source of the message,
- the context of the message,
- the quality of the message.
Scammers use these parameters to sell their lies:
- ...by using the name of someone famous, wealthy or trusted, for example Elon Musk,
- ...by forging the setting of the scam in a respected, trusted, feared and/or authoritative environment, for example by playing a video of a legitimate cryptocurrency conference while selling their scam in a YouTube video,
- ... by faking their location to be a country where scams normally don't originate from, for example pretending to be a cloud mining site from Canada or a financial services company from UK,
- ...by pretending that their industry is normal, for example money flipping
- ...by registering a real company,
- ...by pretending to be regulated by some authoritative body,
- ...by using a pretty website.

2. People are desperate, and desperation clouds your judgement.
Scammers feed on your desperation using tactics such as:
- placing a count-down clock on the scam website to manipulate your sense of urgency,
- convincing the victim that the only way for them to recover their losses is to send even more money,
- requiring that the victim recruit other victims to recover their losses.

3. People don't like to admit to themselves that they were wrong, especially if they ran a loss.
If you bought a very expensive pair of ugly over-priced shoes and you start to realise the shoes are actually ugly, instead of admitting your mistake you'll convince yourself the shoes are good looking.
-
The bigger a loss from you being wrong, the more you convince yourself that you made a profit.
- Once a person has been scammed with cloud mining, they will seek out more cloud mining sites and convince themselves the loss wasn't because they were wrong about cloud mining.
- Whilst in the midst of being scammed and having a loss, instead of admitting the loss, they will input even more money just to confirm to themselves that they are not being scammed.

These are the FACTS:
- Famous people don't ask you for money.
- Wealthy people don't give away money.
- Trustworthy people don't expect from you to trust them.
- How money flipping works: you give the scammer money and he flips you off.
- ALL cloud mining websites are scams.
- Company registrars don't regulate companies, nor do they check the accuracy of information that they are provided, they just register companies.
- Scammers also register companies, it does not mean they are legit.
- The quality of a website's design has no correlation to it;s legitimacy.

STOP FALLING FOR SCAMS!
Brilliant work here and lecture you have made here.This is a must read for anyone who would want to invest online.

Alot of parameters are not applied here and sort of like puts one in a delusion and forgets the key areas that will make any investment safe and secure.
 
I fell for a scam recently and to be honest, it leaves a bitter taste in the mouth. In retrospect, I shouldn't have trusted the individual despite being a long time mentor although online. I had attended some of his courses and followed his channel for a while but he still ended up scamming me.
My final conclusion is that anything online that has to do with funds, be it fiat or crypto should be done with caution.
 
Your writer up is well explained, some people think that with the economic situation in the world that they can make money by investing in an online business. Would I say is ignorance or greedy, but I think both plays a role in someone decisions. My advice is whenever you want to invest in online business, try and run some background check and also invest small, no matter how promising the investment is.
 
The best thing is to always check for the latest reviews about the project you are willing to invest in , once you find out that the project rating is low enough , then you should wait or you can consult any person you think that in your circle is well versed with such things and can give you a fair and diligent advice still checking yourself about the reviews on the common scam analyzing websites can give you a fairer idea on whether you should invest in the project or not
 
i feel most people fall for scam due to greed ,they are just so interested in earning more and at the end they get caught up bu the scammers , before investing on any platform you should actually make proper research so you are actually not scammed ,and you miss out earning more money
 
I fell for a scam recently and to be honest, it leaves a bitter taste in the mouth. In retrospect, I shouldn't have trusted the individual despite being a long time mentor although online. I had attended some of his courses and followed his channel for a while but he still ended up scamming me.
My final conclusion is that anything online that has to do with funds, be it fiat or crypto should be done with caution.

Even I also fell for a scam in the past. I would admit that I actually believed that the hyip website is legit and it would remain legit for a really long time, but I was wrong. There were times when I was hopelessly seeking for many opportunities to make money and i had to make the decision of investing money in the hyip site. This happened during the pandemic time. @Wisdom01 @Potuse
 
I think scammers have some knowledge about the subject of the scam and use it on people with little financial knowledge or on the subject to scam them have tried it with me in many places like social networks or certain websites but I have always been very cautious and distrustful of people who come to sell me a magic solution to all financial problems if so good is what they sell because they desperately look for people who enter their "bussiness"
 
There are a few reasons why people fall for online scams. One reason is that many people are not careful when they are online. Another reason is that people are often trusting of people they know instead of being careful. Finally, some people are just gullible and believe anything that they are told online.
 
Even I also fell for a scam in the past. I would admit that I actually believed that the hyip website is legit and it would remain legit for a really long time, but I was wrong. There were times when I was hopelessly seeking for many opportunities to make money and i had to make the decision of investing money in the hyip site. This happened during the pandemic time. @Wisdom01 @Potuse
I actually think that many people who ventured into online earning must have had a scam experience at one time or the other. Mine happened in my quest for knowledge and some others had theirs due to greed or ignorance. All in all, scam happens everywhere, it is just relatively prominent online these days.
 
I actually think that many people who ventured into online earning must have had a scam experience at one time or the other. Mine happened in my quest for knowledge and some others had theirs due to greed or ignorance. All in all, scam happens everywhere, it is just relatively prominent online these days.
as you say scams are everywhere almost there is not a day that I do not find one since doing online work I find ads of potential scams on social networks on youtube about all channels on financial issues and investments in phone calls and spam in phishing attempts by email is overwhelming the number of scam attempts circulating everywhere
 
Even I also fell for a scam in the past. I would admit that I actually believed that the hyip website is legit and it would remain legit for a really long time, but I was wrong. There were times when I was hopelessly seeking for many opportunities to make money and i had to make the decision of investing money in the hyip site. This happened during the pandemic time. @Wisdom01 @Potuse
It's a lesson for us when we are new into this investment online thing.. it's easy to believe them because there's lots of people that claims it legit so it's only natural we want to try it to because that was easy and fast money as they say.. learned that the hard way but atleast now we can avoid investing in such schemes. That experience made me question and see if a platform or program is legitimate
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.