>mom just told me my uncle lost his life savings in a crypto ponzi scheme >he's in his mid 40's and has a wife and three daughters >he's never going to retire >he just told me he's going to start forex trading with a (((mentor))) to earn it back How do I help him? Why do people fall for these scams?

File: 162 KB, 593x635, 8A9C6338-73E6-49B5-8466-79425B784DD4.png [View same] [iqdb] [saucenao] [google]

Anonymous Sat Oct 17 20:37:04 2020 No.23342279 [Reply] [Original]

>mom just told me my uncle lost his life savings in a crypto ponzi scheme
>he's in his mid 40's and has a wife and three daughters
>he's never going to retire
>he just told me he's going to start forex trading with a (((mentor))) to earn it back

How do I help him? Why do people fall for these scams?

>>	Anonymous Sat Oct 17 20:39:31 2020 No.23342323 >>23342279 Hey pal, don't worry about me, I'll be fine! Tell your mother I said hi.

>>	Anonymous Sat Oct 17 20:42:03 2020 No.23342370 >>23342279 >he's never going to retire for one reason or another, this is just part of being a normie it is in their nature to fuck up financially. maybe buy him some crytpo for christmas. otherwise, dont fight other peoples battles

Anonymous Sat Oct 17 20:45:09 2020 No.23342424

>having responsibilities and obligations
>gambling away money you can't afford to lose

I'm a poorfag with 70k in illiquid assets and like $2000 in the bank. My defi gambling money was $1000 originally and is 6 eth from a few wins. Why the fuck do people throw away their actual money?

>>	Anonymous Sat Oct 17 20:46:14 2020 No.23342442 >>23342279 What did he buy?

>>	Anonymous Sat Oct 17 20:46:43 2020 No.23342445 just give him a new scam like puffcore or any other shit

>>	Anonymous Sat Oct 17 20:47:30 2020 No.23342458 >>23342279 Next it’ll be “don’t worry I’ve got a lawyer mr sadeep from telegram who’s helping me get it all back for the modest fee of 10k”

Anonymous Sat Oct 17 20:50:02 2020 No.23342497

>>23342424
I honestly dont know what the fuck is wrong with him. He's not a dumb guy at all and works extremely hard. He immigrated and became a manager at a some engineering firm in 5 years. He built himself a good life in America and threw it all down the shitter. Now he's doing it again with (((forex trading))) and some pyramid scheme construction company. I know that some people can't be rationed with but fuck I feel bad for him.

>>	Anonymous Sat Oct 17 20:53:33 2020 No.23342549 >>23342279 >start forex trading with a (((mentor))) to earn it back LOL right there

Anonymous Sat Oct 17 20:59:29 2020 No.23342634

My mums partner (they are both about 80 now) had a stroke recently. I had to help her go through his financials to pay for nursing home care, I found out hes spunked about $220,000 away over a year.

He basically started trading with this Forex platform which is literally blacklisted by the FCA in the UK, and UK banks won't let you send money to them. They were obviously on the phone with him, and he managed to find ways around it via sending money through 3rd party money transfer services. He bought a lot of bitcoin via a fake looking exchange, I doubt he ever owned any or if he did, its all gone.

The company seems to have reeled him in promising him he was getting insane ROI from trades they were doing for him on his account. At one point they had him believing he was up £450,000. Then it literally went to near 0 from 2 "bad trades", but instead of trying to bail, he kept trying to fomo in even harder to "make it back". He kept liquidating assets and sending the money in, only for it to disappear down the drain. He almost released another $300,000 from shares he owned, but due to the bank losing the certificate and having to re-issue, he wasn't able to and the stroke ironically saved him from complete financial ruin.

>How do I help him? Why do people fall for these scams?

Google the name of this Forex trader, go to trustpilot, point out the hundreds of one star reviews from people screaming its a scam and they had their money stolen. Its plain as day, but people still fucking fall for it.

Anonymous Sat Oct 17 21:02:25 2020 No.23342688

>>23342549
He said the guy was teaching him how to make (((1% a day returns))). I tried to explain to him that trading institutions pay people billions of dollars to make 6% a year. I tried to explain to him how the guy is a fraud. I tried explaining how 1% a day isn't possible. I tried everything and he told me his mentor is different because he has a Lamborghini.

He listens to (((trading gurus))) on youtube 24/7 and is thinking about quitting his job to trade full time even though he's losing money. He thinks that if he has more time to research trades he'll make a profit.

Anonymous Sat Oct 17 21:06:06 2020 No.23342746

>>23342688
you can’t save them, my uncles In his mid 60s and in the last year he’s down over 100k and he’s just dumped his business for $ to get into it full time. He thinks now with more time and money to throw into it he’ll be successful, he has a “mentor” he pays 1k a month also

>>	Anonymous Sat Oct 17 21:10:00 2020 No.23342795 gambling addiction is a terrible thing anon

Anonymous Sat Oct 17 21:10:07 2020 No.23342798

>>23342746
Funny, I'm going to make $30k this year with my shitty part time business and I'm too poor to scale.

>>23342688
Anon even if you can't help him, it's normal to feel bad for him. Not sure how you wake up someone who's already down a ton of money though without forcing them to hit the bottom early.

Anonymous Sat Oct 17 21:23:24 2020 No.23342952

>>23342798
Yeah he’ll be down to 0 within 2 years from here, dunno why these newfags believe trading is some kindve sure thing and not gambling that only 1% of people can master and manage the risk required to stay profitable over the long term and that somehow in his 60s and using retirement money hes emotionally tied to and can’t afford to lose he’ll pick it all up

Anonymous Sat Oct 17 21:27:11 2020 No.23342989
File: 84 KB, 1200x630, 161019-world-northkorea-smoking-chimp-light-0909_606cd1939bcfe55be681782d4fe20b3c.nbcnews-fp-1200-630.jpg [View same] [iqdb] [saucenao] [google]

>>23342279
>How do I help him? Why do people fall for these scams?
The only way out is to take the monkeypill
https://www.youtube.com/watch?v=8pLU6bUFoKY
do what you must

>>	Anonymous Sat Oct 17 21:35:10 2020 No.23343078 >>23342688 oof, sorry bro but some gamblers just can't be saved prep yourself for the inevitable divorce

Anonymous Sat Oct 17 21:36:55 2020 No.23343100
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>>23342279
He is a gen xer, they are used to losing lots of money in sudden crashes. Worry for more your millennial/zoomer self, since your generation(s) exist in a state of never making any meaningful money to lose in the first place.

Anonymous Sat Oct 17 21:39:16 2020 No.23343130
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>>23342424
>21k in liquid
>8k coming to me
>26k in illiquid

My defi investment was 2150 and I've turned that into 1400 or 2250, depending on time of day and whether my coinz are pumping or dumping.

Anonymous Sat Oct 17 21:39:51 2020 No.23343137

the stock market and the crypto market are designed to make people think that they’re smarter than they really are. the only thing that matters is speed and information asymmetry. that’s why Wall Street brokers have a giant laser to make their trades faster than yours, and “insider trading” is illegal

>>	Anonymous Sat Oct 17 21:40:22 2020 No.23343147 File: 42 KB, 473x473, E61B18BB-4565-40D9-9C64-4212AAF7372B.jpg [View same] [iqdb] [saucenao] [google] Terrible

>>	Anonymous Sat Oct 17 21:40:42 2020 No.23343153 >>23342688 >LAMBO WHEN unironically Your uncle sounds like a fun guy.

>>	Anonymous Sat Oct 17 21:41:44 2020 No.23343166 File: 7 KB, 250x250, 1601446560740.jpg [View same] [iqdb] [saucenao] [google] >>23342952 >1% can master The people who master it are the ones that own it in the first place. If you are the house, you will never lose to the house.

>>	Anonymous Sat Oct 17 21:44:29 2020 No.23343201 >>23342279 Let me guess he bought lazarus

>>	Anonymous Sat Oct 17 21:48:56 2020 No.23343259 >>23342688 You can make 2% per month just providing liquidity to pools with two different stablecoins

>>	Anonymous Sat Oct 17 21:52:41 2020 No.23343301 >>23342989 I need more monkepills

>>	Anonymous Sat Oct 17 22:01:26 2020 No.23343394 >>23342279 >>23342497 >>23342688 Scam him before someone else does and put the money somewhere in safekeeping for his family. Consider it a whitehat hack

Anonymous Sat Oct 17 22:14:09 2020 No.23343524

>>23342279
>>23342497
Sounds like he has a gambling addiction. Get him help.

Get him to think rationally. Let's say he starts with $1 and he gets 1% per day. (1.01)^3650 is 5.92 quadrillion. Ask him if it's reasonable that his mentor has a way to trade from 1 dollar to the entire world's wealth in 10 years. Tell him to make a paper trading account and show him how bad he actually is at trading. Tell him he should not play with real money until he consistently makes a profit with paper trading.

If that doesn't work ask your family to intervene. There is no way your family will let him piss all his money away.

>>23342989
based

Anonymous Sat Oct 17 22:17:25 2020 No.23343568

>>23342279
My dad gets involved in so many of these get rich quick schemes, he's a fucking moron. I try to reason with him, I try to get him to just save and invest money into a Vanguard index fund or something like that because this is clearly all he can manage, but he always finds a way to fuck things up. He lost £30k on a shitcoin. He has gone £50k in debt because of a retarded internet business ideas.He lost £4k doing highly leveraged forex trading. He also follows these fucking gurus who scam desperate failures and retards going through midlife crises. Sometimes I fantasize about smashing in the head of these scammers. He also does tons of shit-tier courses which he never uses and most of the contents of these several thousand pound courses is really basic stuff that anyone who does 2 minutes of research on the internet would know. I would never say it to him, but I'm kind of ashamed to be related to someone that fucking stupid and pathetic. He works part time as a taxi driver and runs a shitty middleman business the rest of the time. The best investment he has ever made is the house we live in, that is literally the only appreciating asset he owns yet he keeps harassing my mother, who works full time as a carer because she had to get a job after he divorced her, about trying to sell the house, probably to waste all of it in another scam, I hate him, but hes also my dad.

>>	Anonymous Sat Oct 17 22:36:46 2020 No.23343785 >>23342279 it's an impulse. let him lose it, you can't get in the way of nature

>>	Anonymous Sat Oct 17 22:55:56 2020 No.23343992 >>23342279 Let me guess, the ponzi was CORE right?

>>	Anonymous Sat Oct 17 23:28:06 2020 No.23344396 >>23343568 sounds like he’s at least trying to better himself anon

>>	Anonymous Sat Oct 17 23:30:45 2020 No.23344421 >>23342279 >uncle Sure, anon. We believe you

>>	Anonymous Sun Oct 18 00:15:14 2020 No.23344916 >>23342279 >Daughters Of course, a man who is so cucked with money could never produce sons.

Anonymous Sun Oct 18 00:36:03 2020 No.23345097

I turned 800 dollars into 8k in a month with shitcoins, if I hadn't screwed up yesterday it would have been nearly 20k, and I'm still just a kid. What happened yesterday hit me hard, how could I screw up that much money so quickly, I guess sheer idiocy?

Anonymous Sun Oct 18 01:03:08 2020 No.23345329
File: 3.39 MB, 4032x3024, 8BDA5A5F-0C02-48FF-8708-4E1F43DFE845.jpg [View same] [iqdb] [saucenao] [google]

>>23342279
Dam this thread is Lit. Kek I’m trading options right now and getting reked. Crypto is like a walk in the park compared to seeing my trading account getting liquidated weekly. I promised myself if I cannot make profit or come on top in Q4..I have to accept reality.

Anonymous Sun Oct 18 03:25:11 2020 No.23346539

>>23342279
> Have colleague at work who's in his 50's.
>Keeps asking me about crypto.
>Explained him the basics
>Next day in the office
>"I bought some bitcoin on Revolut"
> Doesn't have the private key, can only send fake BTC to other revolut accounts.

Some people deserve to lose it all. Crypto is like animal porn. It's not for everyone.

>>	Anonymous Sun Oct 18 03:31:07 2020 No.23346584 >>23342688 >I tried everything and he told me his mentor is different because he has a Lamborghini. You can't help him, your uncle is literally impaired.

>>	Anonymous Sun Oct 18 03:34:26 2020 No.23346605 >>23342279 if you have some btc/eth you'll be able to help him in like 10 years most likely, just don't sell too early my man.

>>	Anonymous Sun Oct 18 03:37:15 2020 No.23346624 >>23342279 I know its not a time to ask about it, but any idea what was the name of that Ponzi?

Anonymous Sun Oct 18 03:40:45 2020 No.23346660

>>23342279
Also, on a site note, FX is a risky market, you willl rekt your account at least 5 times (and thats with risk management and good strategies) before you start making actual money. With forex you need hell lot of experience and very strict rules, high capital and most importantly no emotions. Paper trading isn't the way to go, you won't learn to trade with fake money, because you there is no emotions attached and no sense of loosing money.

>>	Anonymous Sun Oct 18 03:43:45 2020 No.23346683 >>23342497 He's a pajeet and so are you, and it's in your genes to either scam or be scammed.

Anonymous Sun Oct 18 03:47:36 2020 No.23346707 [DELETED]

File: 86 KB, 1000x1600, Cool Ape.jpg [View same] [iqdb] [saucenao] [google]

anon,ask your uncle to join APED,no ponzi or rugs allowed :)

-We only Aped legitimate ALPHAS after extensive research and due diligences,NO SCAM and NO RUGS allowed.
-This to ensures that everyone in this channel able to get in EARLY,contribute to private sales or even start mining on those DELICIOUS APY before anyone else.
-As always,this is not financial advise.There are no guarantee that the alphas/project will be fully legitimate like how nothing in life is guaranteed .Always DYOR

t.me/ApedUniswap

>>	Anonymous Sun Oct 18 04:03:22 2020 No.23346817 >>23343259 You can even do that on cuckbase Some folk just aren't good at listening, and then everyone else has to deal with the outcome

>>	Anonymous Sun Oct 18 04:04:25 2020 No.23346823 >>23342688 If I buy a lambo lawnmower can I set myself up as a financial guru too?

>>	Anonymous Sun Oct 18 04:19:45 2020 No.23346915 >>23342279 Tell him to go all in AMPL right fucking now. Its a risky play, but the upside is 10x your money and the downside is losing 30% and having to wait for the next pump.

>>	Anonymous Sun Oct 18 04:20:57 2020 No.23346925 >>23342688 >1% a day returns >He's not a dumb guy at all

>>	Anonymous Sun Oct 18 04:27:22 2020 No.23346973 >>23346915 You're an idiot, fair price of it is 1$, yet most of you paid 2-3$ lmao, go suck ass for that advice

>>	Anonymous Sun Oct 18 04:32:49 2020 No.23347011 >>23346973 You dont understand AMPL at all do you?

>>	Anonymous Sun Oct 18 04:38:55 2020 No.23347064 >>23347011 I believe that it is you that doesn't understand ampl sir

Anonymous Sun Oct 18 04:43:16 2020 No.23347095

>>23342634
Well, I was on tg with a person that ran forex scam. He created the most sketchy site you can imagine, made 50 fake 5 star reviews, fake screens of gains, he also had 10s of fake accounts posting screens of "withdrawals". He made around 200k$ in less than a year running this scam.

>>	Anonymous Sun Oct 18 04:44:36 2020 No.23347109 >>23347011 >>23347064 Stop pretending you're proud from that investment.

>>	Anonymous Sun Oct 18 04:47:46 2020 No.23347137 >>23347109 I am not pretending to be proud at all sir. (AMPL is Awesome yes I know, no pretending required) Do the needfull sir, buy AMPL sir.

Anonymous Sun Oct 18 04:48:19 2020 No.23347143

>>23342688
Tell him that the reason hes driving a Lambo is cuz pajeets like him are buying his worthless courses.
Most of those mentors explain what 200 EMA and what H&S pattern is and charge a person $1000 for it because its a "secret strategy". All of it you can find on internet and get better understanding of it for free and probably learn much faster.

>>	Anonymous Sun Oct 18 04:53:31 2020 No.23347198 >>23347064 >>23347011 https://www.coinbureau.com/review/ampleforth-ampl/ Read and learn. Maybe not $1 stable coin, but its meant to hover around 1$.

>>	Anonymous Sun Oct 18 05:14:04 2020 No.23347345 >>23347198 retard

>>	Anonymous Sun Oct 18 05:21:57 2020 No.23347387 >>23347345 Explain better. Hope calling me a retard boosted your ego and helped you feel better about your insecurities.

>>	Anonymous Sun Oct 18 05:31:34 2020 No.23347432 >>23347109 You missed who my reply was for. I certainly didn't buy any ample. Im high IQ

>>	Anonymous Sun Oct 18 05:54:49 2020 No.23347613 >>23342688 >I tried everything and he told me his mentor is different because he has a Lamborghini. Scamming dummies is really lucrative.

>>	Anonymous Sun Oct 18 05:55:08 2020 No.23347614 >>23347432 Shit, my bad. Haven't seen non-AMPL head in a long while

>>	Anonymous Sun Oct 18 05:57:48 2020 No.23347627 >>23343166 This.

>>	Anonymous Sun Oct 18 06:01:07 2020 No.23347643 >>23345097 Greed and low risk management anon, the same greed that makes those big gains can lose it Fast too

>>	Anonymous Sun Oct 18 06:07:17 2020 No.23347696 >>23342279 tell your uncle to suck niggerdicks for niggerprofits

>>	Anonymous Sun Oct 18 07:32:41 2020 No.23348406 >>23342497 unironically, this sounds like beginning of alzheimer.

>>	Anonymous Sun Oct 18 09:13:23 2020 No.23349420 >>23342279 three daughters, all 3 can start a sister onlyfans and earn that back in a month

>>	Anonymous Sun Oct 18 09:16:38 2020 No.23349460 >>23346539 >Some people deserve to lose it all. Crypto is like animal porn. It's not for everyone. Weird comparison. What's the "lose it all" in animal porn terms?

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