Is Bitboy $4k Indicator A Scam?
Blockchain enthusiast and detective ZachXBT calls out crypto influencer Bitboy for selling indicator. He is selling the indicator for $3,999 and then giving access to a paid group named High IQ. The indicated is claimed to be a leading indicator with a proven strategy.
ZachXBT raised the question about this. If he was profitable in trading with the help of the leading indicator with a proven strategy, he was supposed to make a lot of money. Then why did he ask for donations and claim to have nothing?
Since he is selling the indicator, that is supposed to be effective in making money. What stops him from making a lot of money in trading with the magical touch of his indicator? He did not have to ask for donations then.
Crypto influencers are popular and people follow them. When Ben asked for a donation, he received $59K. Now some people might buy the indicator from him believing what he claimed. Some so-called crypto influencers are so popular because a lot of people follow them.
Influencers can sell anything but what you will buy, it is up to you. Bad actors take advantage of others' lack of knowledge and push their agenda. People end up losing their money falling into their traps. Some experts and influencers in the crypto community share their knowledge and experience. I love and respect them.
You can learn from other people. It will help to make the right decision, and you may not fall for obvious scams. If you want to do trading, you need to learn and practice that first. Then you apply it and see the result. In case you see trading is not for you, you can do many other things in crypto to make money.
If you do well in crypto trading, that's great, go for it. What we have seen in crypto so far, that's just the beginning. Let's explore and move forward.
People are broke and are impassioned by anything that could bring a lot of money. Then got scammed and lost their money.