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Double Breasted Suits


I am not entire familiar with these trading, does this look like a scam, anyone knows more about these strategies where to find reasonable explanation ?

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asked Jan 25 at 17:56 163 1 1 silver badge 5 5 bronze badges Comments have been moved to chat; please do not continue the discussion here . Before posting a comment below this one, please review the purposes of comments . Comments that do not request clarification or suggest improvements usually belong as an answer, on Personal Finance & Money Meta, or in Personal Finance & Money Chat Pocket Option Real Hai Ya Fek . Comments continuing discussion may be removed. Jan 26 at 19:42

I'll suggest that it would be an improvement if this question were closed, because it (and the OP's interactions in comments) look like it's part of a scam to direct readers to the various scam sites that it tells people to check out.

Jan 26 at 20:50

This question is not a scam! I wrote this message myself. If you have any concerns, please reach out to me directly. I fell victim to this, and perhaps many others will too. This is meant to raise awareness for others. Hopefully, it will help prevent others from falling into similar situations!

Jan 26 at 22:53 I have edited the question to provide more context Jan 26 at 23:03

Introduction Double Breasted Suits

All crypto is (subjectively) a scam, given that there is no external valuation metric, leaving the value purely based on 'future sales' ie: how long the hype train will last.

More to the point - anyone approaching you about 'novel' crypto ideas is (with 99.99+% probability) a scammer. The field is rife with them.

More specifically to the question you've raised here: if a random person tells you that they have a way for you to make money by sending them money, you must understand where they would profit. Are they providing advice for an up-front fee? Are they asking for a continual % of your future assets? Are they avoiding the subject, pretending that they are simply evangelists of the dawn of a new era?

I count MANY red flags in your question, all of which should be taken seriously, with the net result that this is, objectively, a scam. For example see the below 7 in no particular order:

  • It's a random person you appear to have no connection with;
  • There is no reason given to trust this person [eg. licensure with a governing body, or other direct confirmable association with credible entity];
  • The 'tech' is not yet online;
  • There is an appeal to how "everyone" is doing it [even the famously-trustable Donald Trump!];
  • There is an implication that it will be on "you" to perform the actions, leaving significant room for any loss to be blamed on you.
  • As mentioned - it revolves around crypto, shady at best, and filled with scammers at worst [just google "list of known crypto scams" or "crypto rug pulls" or "mt gox" or "ftx crypto" or "not your keys not your wallet"] to see some quick examples
  • They are offering returns of up to 50% - when even a 10% annual return would be questionable, and a 20% annual return would imply an insane level of risk. With 50% return, why do they need your money? They should enough money to do it themselves after just a few days! After all, starting with $1 and earning 50% per day would give them $600 Million dollars within 2 months!