5 Common Cryptocurrency Scams
1. Social Media Giveaway Scams
It’s amazing, nowadays, how everyone seems so generous on the likes of Twitter and Facebook. Check the replies to a tweet with high engagement, and you’ll no doubt see that one of your favorite crypto companies or influencers is doing a giveaway. If you send them just 1 BNB/BTC/ETH, they promise to send you back 10x that amount! It seems too good to be true, doesn’t it? Unfortunately, that’s because it is. That’s a pretty good rule of thumb to apply to many of these scams.
2. Pyramid and Ponzi schemes
Pyramid and Ponzi schemes are slightly different, but we’re placing them into the same category because of their similarities. In both cases, the scam relies on a participant bringing new members with the promise of incredible returns.
3. Fake Mobile Apps
It’s easy to overlook the warning signs on fake apps if you’re not careful. Typically, these scams will direct users to download malicious applications – some of which mimic popular ones.
Once the user installs a malicious app, everything might seem to work as intended. However, these apps are specifically designed to steal your cryptocurrencies. In the crypto space, there were many cases where users downloaded malicious apps whose developers masqueraded as a major crypto company.
4. Phishing
Even newcomers to the crypto space will undoubtedly be familiar with the practice of phishing. It typically involves the scammer impersonating a person or company to extract personal data from victims. It can take place across many mediums – telephone, email, fake websites or messaging apps. Messaging apps scams are particularly common in the cryptocurrency environment.
5. Vested Interests
When it comes to investing, you should never take someone’s word for granted on what cryptocurrencies or tokens to purchase. You never know their true motives. They may be paid to promote a particular ICO or have a large investment of their own. This goes for random strangers all the way to popular influencers and personalities. No project is guaranteed to succeed. In fact, many will fail.
1. Social Media Giveaway Scams
It’s amazing, nowadays, how everyone seems so generous on the likes of Twitter and Facebook. Check the replies to a tweet with high engagement, and you’ll no doubt see that one of your favorite crypto companies or influencers is doing a giveaway. If you send them just 1 BNB/BTC/ETH, they promise to send you back 10x that amount! It seems too good to be true, doesn’t it? Unfortunately, that’s because it is. That’s a pretty good rule of thumb to apply to many of these scams.
2. Pyramid and Ponzi schemes
Pyramid and Ponzi schemes are slightly different, but we’re placing them into the same category because of their similarities. In both cases, the scam relies on a participant bringing new members with the promise of incredible returns.
3. Fake Mobile Apps
It’s easy to overlook the warning signs on fake apps if you’re not careful. Typically, these scams will direct users to download malicious applications – some of which mimic popular ones.
Once the user installs a malicious app, everything might seem to work as intended. However, these apps are specifically designed to steal your cryptocurrencies. In the crypto space, there were many cases where users downloaded malicious apps whose developers masqueraded as a major crypto company.
4. Phishing
Even newcomers to the crypto space will undoubtedly be familiar with the practice of phishing. It typically involves the scammer impersonating a person or company to extract personal data from victims. It can take place across many mediums – telephone, email, fake websites or messaging apps. Messaging apps scams are particularly common in the cryptocurrency environment.
5. Vested Interests
When it comes to investing, you should never take someone’s word for granted on what cryptocurrencies or tokens to purchase. You never know their true motives. They may be paid to promote a particular ICO or have a large investment of their own. This goes for random strangers all the way to popular influencers and personalities. No project is guaranteed to succeed. In fact, many will fail.
Crypto Chart Alerts
MC/BTC Merit Circle is a decentralized autonomous organization (DAO) that focuses on developing the play-to-earn (P2E) economy. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from…
MC/BTC Reached 4541 SATs. more than 21% Quick profit in terms of BTC.
POLS/BTC
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2913-3345-3955-4455 satoshi
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2913-3345-3955-4455 satoshi
Crypto Chart Alerts
Bitcoin give a breakout above the resistance of $20,000 area. The next resistance is $21,000-$21,500 level and a close above $21,500 is bullish. Market is ranging between support and resistance. Wait for a breakout above the resistance for long positions.
Bitcoin is trying to break the trading range. A break above this will give strength to market. Wait for a breakout for taking new long positions. We might see a breakout by this weekend.
Educational Post:
What Are NFT Mystery Boxes and How Do They Work?
A mystery box is a box that contains a special random product. Buyers are willing to pay a fixed price without knowing the content until they open the box.
You might wonder why anyone would purchase such a product when they don’t know what they’re getting. Much like opening a gift, they are hoping to receive special or rare products at a relatively small price. The expectation and curiosity attract buyers of all ages.
You can also think of mystery boxes as an upgraded version of surprise chocolate eggs, a fun treat you’ve likely had in your childhood. Typically, these chocolate eggs contain a toy or another surprise in a plastic capsule. Before you crack it open, you have no idea what you will be getting. You may or may not like the toy, but it’s the element of surprise that makes us excited about it. Mystery boxes work in a similar way, except that you don’t get that yummy chocolate shell, and the quantity of the boxes is usually limited.
There are thousands of NFT collections in the market, and you can purchase them from different NFT marketplaces. With new NFT series releasing at full speed, the best way to find new mystery boxes is from the top NFT marketplaces, including the Binance NFT Marketplace, OpenSea, Rarible, and SuperRare.
With the NFT trading volume continuing to surge, NFT mystery boxes can be a great way to start getting involved with NFTs. The element of surprise, and the chance to get rare NFT artworks at a lower cost, are what keep the NFT mystery boxes hype going.
What Are NFT Mystery Boxes and How Do They Work?
A mystery box is a box that contains a special random product. Buyers are willing to pay a fixed price without knowing the content until they open the box.
You might wonder why anyone would purchase such a product when they don’t know what they’re getting. Much like opening a gift, they are hoping to receive special or rare products at a relatively small price. The expectation and curiosity attract buyers of all ages.
You can also think of mystery boxes as an upgraded version of surprise chocolate eggs, a fun treat you’ve likely had in your childhood. Typically, these chocolate eggs contain a toy or another surprise in a plastic capsule. Before you crack it open, you have no idea what you will be getting. You may or may not like the toy, but it’s the element of surprise that makes us excited about it. Mystery boxes work in a similar way, except that you don’t get that yummy chocolate shell, and the quantity of the boxes is usually limited.
There are thousands of NFT collections in the market, and you can purchase them from different NFT marketplaces. With new NFT series releasing at full speed, the best way to find new mystery boxes is from the top NFT marketplaces, including the Binance NFT Marketplace, OpenSea, Rarible, and SuperRare.
With the NFT trading volume continuing to surge, NFT mystery boxes can be a great way to start getting involved with NFTs. The element of surprise, and the chance to get rare NFT artworks at a lower cost, are what keep the NFT mystery boxes hype going.
Crypto Chart Alerts
SOL continue the dump as expected. The support is $31-$31.50 area and SOL is holding this support level. You can take small entries near support zone with tight stop loss. The resistance is $34.40-$35 area.
SOL bounced from the support level. SOL also broke the resistance of $35 and traded above it. The major resistance on the daily and weekly charts is the $42-$48 area. If you opened long positions then increase your stop loss and enjoy the profit. You can start booking profit near the $40 level.
Educational Post:
What Is a Keylogger?
In simple terms, a keylogger (KL) is a tool designed to capture all keystrokes of a computer, either through a software program or through a hardware device. This keyboard recording activity is also referred to as keylogging or keystroke logging.
Although keyloggers are not illegal, their use is often related to malicious operations.
As the name suggests, the purpose of a keylogger is to log each and every keystroke from the target computer, which is not necessarily a bad thing. Unfortunately, however, the most common use of keyloggers is related to malicious activity. KL programs are being widely used by cybercriminals as a way to steal sensitive information from the victims, such as credit card numbers, passwords, personal emails, banking credentials, driver’s license numbers, and so forth.
The easiest way to detect a software keylogger is to check what is running from the system processes. If there is something there that looks odd, you should search online and try to find out if it is from a legitimate program or a known keylogger. Moreover, also examining your outgoing traffic from your computer is a good idea as well.
Getting rid of a software keylogger is not easy but it can be done. You should first try to install an anti-keylogger program on your system and check if it can be removed. If your computer is still acting odd and you suspect that the anti-keylogger program was not able to solve the problem, you should probably format and reinstall your operating system completely.
What Is a Keylogger?
In simple terms, a keylogger (KL) is a tool designed to capture all keystrokes of a computer, either through a software program or through a hardware device. This keyboard recording activity is also referred to as keylogging or keystroke logging.
Although keyloggers are not illegal, their use is often related to malicious operations.
As the name suggests, the purpose of a keylogger is to log each and every keystroke from the target computer, which is not necessarily a bad thing. Unfortunately, however, the most common use of keyloggers is related to malicious activity. KL programs are being widely used by cybercriminals as a way to steal sensitive information from the victims, such as credit card numbers, passwords, personal emails, banking credentials, driver’s license numbers, and so forth.
The easiest way to detect a software keylogger is to check what is running from the system processes. If there is something there that looks odd, you should search online and try to find out if it is from a legitimate program or a known keylogger. Moreover, also examining your outgoing traffic from your computer is a good idea as well.
Getting rid of a software keylogger is not easy but it can be done. You should first try to install an anti-keylogger program on your system and check if it can be removed. If your computer is still acting odd and you suspect that the anti-keylogger program was not able to solve the problem, you should probably format and reinstall your operating system completely.
Crypto Chart Alerts
FOR/BTC ForTube, previously known as the Force Protocol, describes itself as a suite of distributed crypto-finance service protocols that runs on an open-source blockchain. Technically lying above strong support. RSI is in the oversold region. MACD is showing…
FOR BTC pair made a high of 97 sats. That is more than 18% profit from our entry. You can book some profit here and hold the rest with stop loss.
Crypto Chart Alerts
FOR/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here 😊🚀 Targets: $0.01977-0.02522-0.03085-0.03755 SL: $0.01522
FOR USDT pair missed first target just by few points. Increase stop loss or book some profit.
Crypto Chart Alerts
HIGH/BTC HIGH Token (Highstreet) is a native token of a decentralized commerce-centric play-to-earn metaverse built with virtual reality (VR) support. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum.…
HIGH is pumping now and made a high of 810 sats. So far more than 24% profit from our entry. Book some profit here from this trade.
Crypto Chart Alerts
HIGH/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $1.56-1.95-2.35-2.95 SL: $0.95
More than 21% profit in USDT pair also. We will continue to share daily market updates and best TA+FA signals. Pin our channel on top to never miss a signal and share it with your friends and family. Keep Earning😊
CLVBTC reversing from horizontal demand zone on daily time frame with MACD indicating bullish crossover on daily. Expecting a strong move very soon from here so get in with your positions before the massive pump for quick profit in short term 🚀😊
Targets : 535 -590 -680 -1120
Stop if 1D close below 404sats
Targets : 535 -590 -680 -1120
Stop if 1D close below 404sats
CLVUSDT lying above horizontal demand zone on daily time frame with falling wegde pattern formed and MACD indicating a strong bullish crossover. Expecting a strong move from here as breakout is confirmed so get in with your entries for quick profit in short term 🚀😊
Targets mentioned in the above chart
Stop if 1D close below $0.08300
Targets mentioned in the above chart
Stop if 1D close below $0.08300