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Mumo
@Mumo
Education content creator obsessed with Bitcoin. I am a trainer on @satoshifyme where I teach about Bitcoin to complete beginners.
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A deceptive tactic that often occurs is the overpayment scam.
So the scammer initiates a transaction by sending you a payment that exceeds the agreed-upon amount. They request you to return the difference back to them. Say you're selling an item for $100 and utilizing #Binance P2P payment, they send you $150 worth of #bitcoin or #ETH and ask for a $50 refund.
At first, it might seem like a win-win situation. However, the scammer has a clever ploy up their sleeve. After you comply and return the excess money, they quickly reverse the initial payment, effectively nullifying it. This leaves you with nothing, having lost the refund you sent them.
The audacity and ingenuity behind their maneuver are quite remarkable, right? To shield oneself from falling prey to this scheme, I've learned never to accept overpayments from anyone.
So the scammer initiates a transaction by sending you a payment that exceeds the agreed-upon amount. They request you to return the difference back to them. Say you're selling an item for $100 and utilizing #Binance P2P payment, they send you $150 worth of #bitcoin or #ETH and ask for a $50 refund.
At first, it might seem like a win-win situation. However, the scammer has a clever ploy up their sleeve. After you comply and return the excess money, they quickly reverse the initial payment, effectively nullifying it. This leaves you with nothing, having lost the refund you sent them.
The audacity and ingenuity behind their maneuver are quite remarkable, right? To shield oneself from falling prey to this scheme, I've learned never to accept overpayments from anyone.
Concentrate on building your #Bitcoin stack, no matter the prices you see today.
Caroline and the Scammer That Almost Stole all her money
Caroline, an enthusiastic trader, ventured into the world of P2P transactions with high hopes. But one of her initial experiences almost led to a significant loss of $250. It all began with a sell ad she posted for her #Bitcoin
The other user appeared to be interested and promptly booked all the crypto she had for sale. Moments later, he marked the payment as completed. Initially, Caroline saw no reason to worry, but as time passed, she grew concerned when she received no bank message even aft
The other user appeared to be interested and promptly booked all the crypto she had for sale. Moments later, he marked the payment as completed. Initially, Caroline saw no reason to worry, but as time passed, she grew concerned when she received no bank message even aft
Caroline, a new P2P trader, nearly lost $250 in a sell ad transaction. The buyer claimed to have paid, but she received no bank message after waiting for half an hour. Despite his insistence, she asked for proof of payment and filed an appeal when no evidence was provided. After a tense 48-hour wait, Caroline successfully reclaimed her #BTC. This experience taught her the importance of staying calm even when a small percentage of transactions go awry in the world of P2P trading.
Cryptography and Security
Introduction
Welcome to the fascinating world of cryptography and security! In an age where our digital lives are intertwined with technology, it is crucial to understand the basics of keeping our information safe from prying eyes. In this beginner's guide, we will explore the fundamentals of cryptography, uncover some captivating anecdotes, and empower you with the knowledge to navigate the realm of digital security confidently. So grab your virtual detective hat, and let's embark on this exci
Welcome to the fascinating world of cryptography and security! In an age where our digital lives are intertwined with technology, it is crucial to understand the basics of keeping our information safe from prying eyes. In this beginner's guide, we will explore the fundamentals of cryptography, uncover some captivating anecdotes, and empower you with the knowledge to navigate the realm of digital security confidently. So grab your virtual detective hat, and let's embark on this exci
Bitcoin Wallets: A Beginner's Guide
Introduction
So, you've decided to venture into the world of Bitcoin – congratulations! But before you can start buying, selling, or trading this digital currency, you'll need a safe and secure place to store your funds. That's where Bitcoin wallets come into play. In this article, we'll explore the different types of wallets available, their pros and cons, and how to choose the right one for your needs. Plus, we'll share some interesting anecdotes to keep you entertained along the way. So, let
So, you've decided to venture into the world of Bitcoin – congratulations! But before you can start buying, selling, or trading this digital currency, you'll need a safe and secure place to store your funds. That's where Bitcoin wallets come into play. In this article, we'll explore the different types of wallets available, their pros and cons, and how to choose the right one for your needs. Plus, we'll share some interesting anecdotes to keep you entertained along the way. So, let
Bitcoin Basics: A Comprehensive Guide for Newbies
Introduction
Welcome to the fascinating world of Bitcoin! If you're a newbie looking to explore this revolutionary digital currency, you've come to the right place. In this article, we'll dive into the fundamentals of Bitcoin, its history, and how it works. We'll also share some interesting anecdotes to keep you engaged and entertained. So, sit back, relax, and let's embark on this exciting journey together.
A Brief History of Bitcoin
The story of Bitcoin began in 2008 when an individual or g
Welcome to the fascinating world of Bitcoin! If you're a newbie looking to explore this revolutionary digital currency, you've come to the right place. In this article, we'll dive into the fundamentals of Bitcoin, its history, and how it works. We'll also share some interesting anecdotes to keep you engaged and entertained. So, sit back, relax, and let's embark on this exciting journey together.
A Brief History of Bitcoin
The story of Bitcoin began in 2008 when an individual or g
The Dark Side of Cryptocurrency: A Dive into Scams and Fraud
Introduction
Cryptocurrency has been making headlines for the past few years and with good reason. The decentralized digital currency has the potential to revolutionize the financial industry and empower individuals across the globe. However, with great power comes great responsibility, and the rise of cryptocurrency has also given rise to an alarming number of scams and fraudulent schemes. In this article, we'll explore some of the most notorious scams in the world of cryptocurrency, and how y
Cryptocurrency has been making headlines for the past few years and with good reason. The decentralized digital currency has the potential to revolutionize the financial industry and empower individuals across the globe. However, with great power comes great responsibility, and the rise of cryptocurrency has also given rise to an alarming number of scams and fraudulent schemes. In this article, we'll explore some of the most notorious scams in the world of cryptocurrency, and how y
Diana: The Newbie Who Almost Lost Everything in Crypto
Diana, a newcomer to the world of cryptocurrencies, embarked on her journey with a mix of excitement and frustration. Like many beginners, she encountered a series of memorable missteps that left a lasting impression.
In her early days of Spot trading, Diana found herself placing sell orders without a clear understanding of the consequences. These hasty decisions often resulted in losses, serving as a valuable lesson about the importance of informed trading strategies.
She recalls the frust
In her early days of Spot trading, Diana found herself placing sell orders without a clear understanding of the consequences. These hasty decisions often resulted in losses, serving as a valuable lesson about the importance of informed trading strategies.
She recalls the frust
An introduction to Cryptocurrency - Day 1/30 with Binance
You can never time the top or the bottom. Just have a target to buy or sell regularly and stick to it. Remember that Rome was not built in a day.
#Bitcoin offers you an opportunity to own the best money in the history of mankind at an undervalued price.
You don’t need $1,000 but just start with what you have, even if it’s only $10 just buy some #Bitcoin
#Bitcoin offers you an opportunity to own the best money in the history of mankind at an undervalued price.
You don’t need $1,000 but just start with what you have, even if it’s only $10 just buy some #Bitcoin
Bitcoin Privacy: Myth vs. Reality
When it comes to the world of cryptocurrencies, there is no shortage of myths and misconceptions. One of the most persistent and controversial of these is the issue of privacy in relation to Bitcoin transactions. The popular belief is that Bitcoin offers complete anonymity and untraceability, making it the perfect tool for criminals and those wishing to operate outside the law. However, as with many myths, the reality is far more nuanced. In this article, we will delve into the world of Bitcoin
Oh, let me tell you about the incredible benefits of keeping your emotions in check when it comes to investing! Picture this: you're sitting there, watching the crypto market rollercoaster on your screen. Your heart is racing, your palms are sweaty, and you're ready to make some quick moves based on your gut feeling. But hold on a second!
By mastering the art of emotional control, you can save yourself from making impulsive decisions driven by fear or greed. It's like having a superpower! When you keep cool, you can make more rational and strategic choices, based on solid research and analysis.
Plus, you'll be able to weather the storm during market downturns without panicking, knowing that ups and downs are just part of the game. So, my friend, take a deep breath, control those emotions, and let your investing skills shine!
By mastering the art of emotional control, you can save yourself from making impulsive decisions driven by fear or greed. It's like having a superpower! When you keep cool, you can make more rational and strategic choices, based on solid research and analysis.
Plus, you'll be able to weather the storm during market downturns without panicking, knowing that ups and downs are just part of the game. So, my friend, take a deep breath, control those emotions, and let your investing skills shine!
Bitcoin : The Future Revolution That’s Already Here
Hey, my friends! Today, let's dive into the awesome world of Bitcoin and how it's helping out those who've been left out of the traditional banking system. We're talking about the unbanked, the folks who don't have access to basic financial services.
So, imagine this: there are millions of people out there who can't open a bank account or get a loan because they lack the necessary documents or live in remote areas. It's a bummer, right? Well, here's where Bitcoin swoops in like a superhero, of
So, imagine this: there are millions of people out there who can't open a bank account or get a loan because they lack the necessary documents or live in remote areas. It's a bummer, right? Well, here's where Bitcoin swoops in like a superhero, of
While doing a training today, my student told me that her father wa seeing roped into one of those get rich quick schemes that promise 100% return in about 7 days.
So, one of the things that actually saved them was that I had shared so many tutorials on how to buy and trade on Binance and they had seen my content and stopped the process of sending USDT out of Binance to this scammy organization.
Education about what is right and what’s not in crypto, is something that should never ever be overlooked.
The more education we can be able to provide, the better.
Let’s learn on #BinanceAcademy and you can win some tokens as well.
So, one of the things that actually saved them was that I had shared so many tutorials on how to buy and trade on Binance and they had seen my content and stopped the process of sending USDT out of Binance to this scammy organization.
Education about what is right and what’s not in crypto, is something that should never ever be overlooked.
The more education we can be able to provide, the better.
Let’s learn on #BinanceAcademy and you can win some tokens as well.
How Newbies Lose Money in Crypto
Newbies in the crypto world can easily fall for scams and cons because they're new and don't know the ropes. Here are some ways they can get conned:
1. Watch out for fake exchanges or wallets. Scammers create ones that look legit, and if you're not careful, you'll deposit your money there only to find out it's all been stolen.
2. Be aware of phishing attacks. Scammers send emails or links that look real, but they're just trying to trick you into giving away your login details or private keys.
1. Watch out for fake exchanges or wallets. Scammers create ones that look legit, and if you're not careful, you'll deposit your money there only to find out it's all been stolen.
2. Be aware of phishing attacks. Scammers send emails or links that look real, but they're just trying to trick you into giving away your login details or private keys.
If you want to evade being scammed in the crypto space, come closer, listen up. Here is one of the ways newbies get scammed in crypto. It’s called Social Media Scams.
Scammers often leverage social media platforms to target newbies by impersonating influential individuals or projects.
They may create fake accounts, post enticing offers, or initiate private messages to convince users to send them money or provide access to their wallets.
So, the next time you see an account by “Vitalik” or “Elon Musk” or “CZ” following you on Twitter, just be sure it ain’t them.
Keep yourself safe, and remember this: Nobody can double your crypto when you send to them.
That’s not how it works.Happy #trading
Scammers often leverage social media platforms to target newbies by impersonating influential individuals or projects.
They may create fake accounts, post enticing offers, or initiate private messages to convince users to send them money or provide access to their wallets.
So, the next time you see an account by “Vitalik” or “Elon Musk” or “CZ” following you on Twitter, just be sure it ain’t them.
Keep yourself safe, and remember this: Nobody can double your crypto when you send to them.
That’s not how it works.Happy #trading
"Alice's Wild Crypto Ride: How She Dodged Pump and Dump Schemes and Made a Fortune!"
Once upon a time, in a world of digital currencies and endless opportunities, there lived a young woman named Alice. Alice was a curious soul, always eager to learn about new technologies and explore the vast realm of possibilities that the internet had to offer. One day, she stumbled upon a peculiar world called Cryptoland, where she discovered a treasure trove of digital currencies known as cryptocurrencies.
As Alice delved deeper into Cryptoland, she quickly realized that not all cryptocurre
As Alice delved deeper into Cryptoland, she quickly realized that not all cryptocurre
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