2y ago

is masscoin.vip a scam?

Hey there.

All my scam-alarmbells are ringing, but I'd like to have a little perspective because I never got into trading with crypto at all.

A friend of mine apparently put about $70k in different crypto into masscoin.vip Then there seem to have been some hijinx with mistyped adresses, and talks with support later, masscoin.vip representatives tell my friend, that they need to fork over another 10% of their holdings, so another $7k, to validate their account or something.

This has to be a scam, right? The Money is gone, and since it was put in via crypto there is no way to recover it?

11 comments

Without even checking:
YES. YES IT IS.
Edit: any time you see a crypto project:
prioritizes funding before they even have a plan
have no working or novel technology/ideas
is simply an ERC-20 or Binance token
doesn’t have a GitHub page
THEY ARE 99.99999999% of the time A SCAM.
- I mean from my glancing it seemed that masscoins exist and there was technological foundation behind that bit.
  I just thought that that broker was a scam, because of, extremely weird business practices
  
  I looked them up just now. Red flags EVERYWHERE. Trust me: It is a scam.

I have been involved with crypto for years and the only cryptos i will even touch are Monero, Bitcoin, Litecoin, Ethereum, USDC, DAI, and Matic. Assume 99% of crypto is a scam and you will be fine. I feel confident in the list above after being into crypto since 2013. The big thing is how you approach it. DO NOT approach it as an investment. IT IS MONEY, buy coffee with it, pay your phone bill with it, paint a house for it, repair a computer for it. IT IS MONEY. Use it the same way you would use dollars or euros or pounds. Real crypto people seriously dislike "number go up moonboys"

11 comments

YES. YES IT IS.