RE: The Scams Are Heating Up
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Well said Che, even the bitcoin scams are around. People think they are buying into bitcoin but it's a scam investor or something like that. I will check out those scam buster YT sites you suggested.
In my area on the Garden Route locals are involved in something called "Loom" or "Dreamweaving" which looks like a massive pyramid scheme, where you have to lure in two people to buy in below you. I am trying to get them to see the scam but they refuse to look at links calling it out. They are suckers for an easy quick buck.
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I heard there was this mirror trading people were mentioning and then someone told me about another thing I can't remember the name also "Bitcoin", but you get paid in Rands, which made no sense to me.
Obviously being in the space I can smell something fishy quicker than someone that isn't, but it really is a shame how they use the crypto name, scam people and then crypto takes the fall, oh it was a "Bitcoin scam" no, it wasn't you just fell for a scam and a con artist, Bitcoin didn't play a role in that.
I haven't heard of those scams yet, will check them out, I know 1crowd or something like that was also big here a while back. I've had friends and family fall for this stuff, there's no talking them out of it, you just have to let them get burned unfortunately
Yes it's unfortunate that bitcoin gets the bad reputation.
You just can't convince people that they are in a scam sometimes because they struggle to admit the y were fooled, and they struggle to admit because it means their money is gone, and they want to hang on to the hope that they will still profit. I have shown people evidence of the crime of a scam but they are either too far into it or actually malicious themselves.