Crypo trading a scam?

[Iddz]

Hi guys,

See many people boasting about Crypo trading / Tradex and all that crap everyday on social media specially on instagram where they boast about making thousands a week and posting luxury items etc on their page, they even offer to train you up and send you signals etc..

Is this real? has anyone tried it? Is it a scam? Do they get paid for recruiting new people etc?

Thanks

[jonm01]

Yes. The same idiots that would be involved in the binary trading scams of recent years..

[daemon]

Iddz said:

Hi guys,

See many people boasting about Crypo trading / Tradex and all that crap everyday on social media specially on instagram where they boast about making thousands a week and posting luxury items etc on their page, they even offer to train you up and send you signals etc..

Is this real? has anyone tried it? Is it a scam? Do they get paid for recruiting new people etc?

Thanks

There was a long running thread on this forum about some bloke whos 20 you chav son drove a Lamborghini and was one of these Tradex traders and all over facebook with flash pictures and stuff.

Will try to find the link

Yes, its a scam - they take your money.

Edited by daemon on Friday 6th April 16:24

[bigandclever]

Crypto.

[crinkleshoes]

Crypto trading is definitely not a scam... I have made very good money from it.

But I did it myself... I used the principles I've learned from FOREX trading, they've done me well.

There is a lot of money to be made in Crypto... don't shrug the whole thing off as a scam, that would be doing yourself a disfavour.



With regard to the adverts you see on facebook... these are mostly, if not all, scams.

Like someone else said - they are the same as the binary options things that have been floating around and you will lose your money.

Don't risk it...

If you want to trade... use a proper broker or exchange, one that is fully regulated. But you will be trading yourself, the robots are generally useless. Signal groups are often used to pump up their buys and sells, rather than trickle down to you.

[bitchstewie]

I've never understood if you'd found a way to make vast sums of money why you'd sell that info rather than simply shutting the fk up and carrying on making vast sums of money

[DonkeyApple]

Iddz said:

Hi guys,

See many people boasting about Crypo trading / Tradex and all that crap everyday on social media specially on instagram where they boast about making thousands a week and posting luxury items etc on their page, they even offer to train you up and send you signals etc..

Is this real? has anyone tried it? Is it a scam? Do they get paid for recruiting new people etc?

Thanks

It’s a scam. Any ‘trading system’ on an unregulated market that is being offered by an unregulated entity is a scam.

Marketing on Instagram using images of chattels is to hook in the thickos who are desperate to have some crappy watch or car to validate their existence but will only ever live on benefits as any money they ever get will be instantly given away to anyone offering to make them millionaires without doing any graft.

And, I’m sorry to say, if someone actually has to ask if this stuff is a scam or kosher then they need to hand their mobile devices back to their carer or guardian and get back to school.

Can you make money from cryptos? Yes. There are two main ways. 1: Trade it yourself using your own hard graft. 2: Make up some rubbish, give it some flashing lights and sell it to idiots via Instagram or whatever social media still permits you to scam morons using pictures of cars, watches and slags.