There are many tricks in the cryptocurrency circle, so you need to keep your eyes open.
If culture is a melting pot, then the current blockchain industry is a big puddle. Currently, the blockchain industry is a mixed bag, with all kinds of people and all kinds of deceptive routines. These information cannot be sent one by one to distinguish whether they are true or false.
In this tweet, I have listed 13 out of 1,000 scams for your reference. I hope that you can pay less IQ tax and happily spend the bear market.
1Over-the-counter transactions
In the industry, whether it is an old hand or a newbie, everyone knows about over-the-counter trading, also known as "OTC". Some time ago, a young man named Wang, born in 1999, made millions of coins, but we won't talk about it today.
Many people claim to have cheaper Ethereum and Bitcoin under the banner of OTC trading, and those who are greedy for small profits are often fooled. When you transfer money, pay, and wait for the coin to be sent, you will find that the ETH you received looks like this:
△Screenshot of the fake ETH transfer
Well, congratulations, you have been scammed. There are already quite a few fake ETH tokens on the market, which often add a space or a small emoticon after the ETH symbol to confuse it with the genuine Ethereum. So keep your eyes open and don't be greedy for small bargains. There are cheaper coins, so how can you get it?
2Various fee groups
In the past two years, people have become more and more aware of knowledge and copyright, and various communities such as paid groups, knowledge planets, and mustard circles are very popular. But you must find the right source and don't just look at the surface.
Because there is no threshold for this kind of group, anyone can open one. For example, to join a blockchain group called "Someday No Sleep" you have to pay a three-digit fee, and to join a WeChat group for proxy investment you have to pay a 20 yuan red envelope, which is quite professional.
We really can't get into the circle of big names, everyone. Even if there is, it's not our turn, so don't be fooled by various fee-charging circles. When you are really cheated, there is no one to cry and complain, so don't pay taxes for your IQ anymore.
3. Fake Satoshi
Because the real Satoshi Nakamoto has never appeared, people come out from time to time to pretend to be Satoshi Nakamoto and cheat Bitcoin. If you think about it carefully, the people who are deceived are also cute! Satoshi Nakamoto... lacks Bitcoin?
4. Fake White Paper
A large number of ghostwriting agencies are "disrupting" the market on Taobao. A business plan white paper of about 20 pages is already less than 1,000 yuan. There is also a one-stop service, from white paper, to coin issuance, to publicity, community building, and finally listing on the exchange to start harvesting.
5 Air Coins
Space fake currency: For example, fake ETH is just adding a space in front, (space) ETH, then you can add a space in front + all mainstream virtual currencies.
Fake candy: Many virtual currencies listed on exchanges will give out candy, but most of the candy is 24K pure air coins and is not worth a cent.
Some projects airdropped candies before they went online, under the beautiful name of "giving back to the community", but the water content is unknown. Holding a bunch of air and sighing bitterly, the project side did not spend a penny to attract traffic and attention, preparing for the subsequent market value (la) (pan) management (ge) (ren).
6. Fake investment
The industry has spawned many professions, such as investment agents. Investment agents usually have their own small groups, provide the group with quotas for high-quality projects, and earn dividends from them.
There are all kinds of birds in the forest. Scammers in the market have set their sights on this profession, often accepting Ethereum or Bitcoin from users in the name of agency investment, claiming that they can invest in the best overseas projects. As a result, the scammers often get the raised coins and run away directly.
7 Blockchain MLM
Pyramid schemes also keep up with the progress of the times. The success of Bitcoin has provided the best case for the spread of MLM organizations. They started with brainwashing Bitcoin, and then continued with Ethereum, NEO, and last year's 100-fold coins. At the end of the brainwashing, they throw out a sentence: "You look down on me today, and I will make you out of reach tomorrow."
8. Fake Media
Unscrupulous self-media receive money (virtual currency) for market public relations, release fake news and fake information, cooperate with the currency party to issue air coins with good news, and cooperate with the banker to cut leeks with bad news. There is a reason why countless financial media have emerged in the past six months.
"If there is a 10% profit, it is guaranteed to be used everywhere; if there is a 20% profit, it will become active; if there is a 50% profit, it will take risks; for the sake of 100% profit, it will dare to trample on all human laws; if there is a 300% profit, it will dare to commit any crime, even the risk of being hanged."
9. Fake experts and teachers
There is a popular Ponzi scheme in the industry, where people call everyone "teacher" and "teacher". As a result, there are always a series of teachers and experts at blockchain summits.
Some experts are just well packaged and speculate on coins in the circle. There are countless people who claim to be early Bitcoin investors and evangelists, and then frequently attend various conferences to expose themselves.
When a newbie sees this, he or she will feel an inexplicable sense of admiration. The so-called "experts" or "teachers" will slowly conquer your psychological defenses and eventually become meat on the dish.
10. Fake endorsements
In this industry, endorsement and support are a hurdle that cannot be avoided. Many big names in the industry have supported the platform, and some projects are also miserable, with the IPO price falling below the issue price and the leeks being cut. Even when there is a quarrel in the circle, some dark history will be brought up.
This is a common practice of many "fraudulent blockchains". Because they do not have much strength, they can only rely on celebrities to support the scene.
A big name in the circle was supported, and the big name came out to deny it.
A big shot supports the project, and after the project has made enough money, the big shot comes out to deny it.
11. Fake training
Cheap version: Don't pay 9998, don't pay 998, just 98, and then you'll get a compressed file with a bunch of PDF files in it, so you can study slowly! There are also books in it, and there are also books, several books!! You'll want to die after reading it.
Deluxe version: very auspicious, an X-day study class from 8888-88888, and I dare not write the teacher’s name, all of them are classes run by people from the previous success studies or professional fraud companies.
Lecturer training: The deluxe lecturers upstairs are those trained in the blockchain lecturer class. They first train a batch of blockchain lecturers in one week to one month and issue certificates. Then they package those with high quality and directly start the deluxe version of the course to reap the leeks who have no knowledge of blockchain at all.
12 Fake Wallets
For example: imToken. The copycat version of imTokem immediately fooled a group of newbies. Scammers are not to be feared. The most frightening thing is that you are deceived and don’t even know it.
13 Unlimited issuance
When issuing tokens, the project owner suddenly increased the ratio tenfold, issuing ten times more tokens. For example, the WAX event, which dropped below 99% after it went online, leaving only 1%. There is also the Ether. The Ultimate Ledger created by Zhu, Chen, and Yang some time ago, also follows the same path.
There are many tricks in the circle, so keep your eyes open and let us happily enjoy the bear market.
Creation is not easy, a little like will make you rich!
