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  • FIRST POST
    • sherpley
    • By sherpley 30th Aug 17, 9:15 AM
    • 6Posts
    • 0Thanks
    sherpley
    digital currency...?
    • #1
    • 30th Aug 17, 9:15 AM
    digital currency...? 30th Aug 17 at 9:15 AM
    Hello world


    I had a phone call a few days ago( country of origin was Spain).


    The stranger on the other end was persuasive, confident, and totally incomprehensible, talking about virtual money, bit coins, and a form of artificial cash that doubles in value every ten days... what put my back up was his apparent surprise that I knew nothing about what he was talking about, my seeming lack of interest in investing in this 'new spectacularly powerful tool' and the fact that he did not want to waste his time on anyone who was not committed.


    I am familiar with 'scarcity selling,' and 'missing the boat' optioning, so I thanked him politely(if firmly) for wasting his time with me and put the phone down.


    I found out later he rang back within a few minutes, but don't know if this was a continuation of the same sell, or just a mistake. I get calls every week; energy suppliers, debt collectors, new furniture, people claiming to be county court sheriff officials, even the odd double glazing salesman, all determined to get me to pay them money, and emails galore in a similar vein.


    But I know nothing about digital currency. Have looked it up on the interlink but discovered I now know even less. Don't consider myself closed minded, just frequently ignorant.


    Is this some sort of gag or am I missing something here?
Page 1
    • Malthusian
    • By Malthusian 30th Aug 17, 9:20 AM
    • 4,498 Posts
    • 7,154 Thanks
    Malthusian
    • #2
    • 30th Aug 17, 9:20 AM
    • #2
    • 30th Aug 17, 9:20 AM
    Obvious scam.

    The phone call, not digital currency (although some would say the latter is up for debate - anyway, that is a subject for several other threads on this forum).

    Consider changing your phone number or buying a call blocker if you are frequently targeted by scammers.
    • Gadfium
    • By Gadfium 30th Aug 17, 10:31 AM
    • 639 Posts
    • 1,199 Thanks
    Gadfium
    • #3
    • 30th Aug 17, 10:31 AM
    • #3
    • 30th Aug 17, 10:31 AM
    I get calls every week; energy suppliers, debt collectors, new furniture, people claiming to be county court sheriff officials, even the odd double glazing salesman, all determined to get me to pay them money, and emails galore in a similar vein.


    Don't consider myself closed minded, just frequently ignorant.
    Originally posted by sherpley
    You're on a sucker's list.
    Change your phone number and, possibly, your habits.
    • sherpley
    • By sherpley 30th Aug 17, 5:27 PM
    • 6 Posts
    • 0 Thanks
    sherpley
    • #4
    • 30th Aug 17, 5:27 PM
    • #4
    • 30th Aug 17, 5:27 PM
    Point taken. I don't tend to buy into what I don't understand; there is always the wildcard chance that I am missing something, and I still don't understand what a bit coin actually is but at least I think that you are both correct in what you say, and thanks for the advice.
    • Reaper
    • By Reaper 31st Aug 17, 11:39 AM
    • 6,286 Posts
    • 4,545 Thanks
    Reaper
    • #5
    • 31st Aug 17, 11:39 AM
    • #5
    • 31st Aug 17, 11:39 AM
    Sign up to the Telephone Preference Service.
    http://www.tpsonline.org.uk/tps/index.html

    That says you don't want to receive any cold calls which prevents legitimate companies contacting you. Then you know everybody who continues to call you is a scam.
    • Shashy
    • By Shashy 31st Aug 17, 1:28 PM
    • 97 Posts
    • 119 Thanks
    Shashy
    • #6
    • 31st Aug 17, 1:28 PM
    • #6
    • 31st Aug 17, 1:28 PM
    I don't tend to buy into what I don't understand; there is always the wildcard chance that I am missing something.
    Originally posted by sherpley
    You're not missing anything. Get-rich-quick schemes don't exist.
    • Gambler101
    • By Gambler101 31st Aug 17, 3:07 PM
    • 526 Posts
    • 1,295 Thanks
    Gambler101
    • #7
    • 31st Aug 17, 3:07 PM
    • #7
    • 31st Aug 17, 3:07 PM
    No one ever cold calls for your benefit, it will always be either a rip-off or a scam 100% of the time.
    The instructions on the box said 'Requires Windows 7 or better'. So I installed LINUX
    • dividendhero
    • By dividendhero 31st Aug 17, 3:55 PM
    • 246 Posts
    • 265 Thanks
    dividendhero
    • #8
    • 31st Aug 17, 3:55 PM
    • #8
    • 31st Aug 17, 3:55 PM
    . Get-rich-quick schemes don't exist.
    Originally posted by Shashy
    If I knew of a sure fire get rich scheme, last thing I'd do is tell anyone else - why people who receive these calls don't simply ask "if it's that good why aren't you buying it?" is beyond me
    • Malthusian
    • By Malthusian 31st Aug 17, 5:15 PM
    • 4,498 Posts
    • 7,154 Thanks
    Malthusian
    • #9
    • 31st Aug 17, 5:15 PM
    • #9
    • 31st Aug 17, 5:15 PM
    If I knew of a sure fire get rich scheme, last thing I'd do is tell anyone else - why people who receive these calls don't simply ask "if it's that good why aren't you buying it?" is beyond me
    Originally posted by dividendhero
    Because the scammer will say "I am buying it, I've even got my dear old ma's money invested in it, it's that much of a sure thing". Half the time it's probably true.

    Every single question you can come up with, scammers will have an answer for. That's one of the advantages of living outside the realm of objective reality. (Or they will if they're any good. Their answer may be to put down the phone, but that's because you obviously aren't worth wasting time on.)
    • Reaper
    • By Reaper 31st Aug 17, 5:31 PM
    • 6,286 Posts
    • 4,545 Thanks
    Reaper
    As Malthusian says they will have answers. That's because all cold call sales people (scam and legitimate) have scripts with all the common objections and how to answer them. The answers will sound reasonable because a lot of time has been spent perfecting them.
    • ozaz
    • By ozaz 31st Aug 17, 7:21 PM
    • 150 Posts
    • 41 Thanks
    ozaz
    But I know nothing about digital currency. Have looked it up on the interlink but discovered I now know even less. Don't consider myself closed minded, just frequently ignorant.


    Is this some sort of gag or am I missing something here?
    Originally posted by sherpley
    The guy on the phone was obviously running a scam (probably assuming you would be excited at an opportunity to get in on the digital currency hype) but digital currencies are a big deal and worth learning about, even if just out of curiosity.

    I'd recommend this page to get a quick intro to Bitcoin (the most valuable and most well known digital currency, although there are hundreds of them now)
    https://www.coindesk.com/information/what-is-bitcoin/

    The big deal and whats fueling a lot of interest is arguably the technology behind Bitcoin rather than Bitcoin itself - Blockchain technology. Bitcoin was just the first application of it, but it can and is being applied to other digital currencies and much more than currency.
    https://www.coindesk.com/information/

    You can actually see 100% gains in obscure digital currencies in 10 days (actually in a matter of hours). You can also lose your investment in a flash. The markets are very volatile with a lot of pump-and-dump action.
    • AnotherJoe
    • By AnotherJoe 12th Apr 18, 11:10 AM
    • 10,189 Posts
    • 11,471 Thanks
    AnotherJoe
    Geoffrey, this thread was made in August 2017. Why wake it up?
    • msallen
    • By msallen 12th Apr 18, 11:36 AM
    • 865 Posts
    • 959 Thanks
    msallen
    Geoffrey, this thread was made in August 2017. Why wake it up?
    Originally posted by AnotherJoe
    Looking at his one other post, I'm sure he'll be suggesting a scam-free (honest guv) method of "investing" in crypto once he's got a few more posts under his belt
    • jimjames
    • By jimjames 13th Apr 18, 1:09 PM
    • 12,712 Posts
    • 11,409 Thanks
    jimjames
    Sign up to the Telephone Preference Service.
    http://www.tpsonline.org.uk/tps/index.html
    Originally posted by Reaper
    Good idea in theory. In practice scammers based abroad will pay no attention to the TPS.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • fwor
    • By fwor 13th Apr 18, 1:22 PM
    • 6,032 Posts
    • 4,090 Thanks
    fwor
    Looking at his one other post, I'm sure he'll be suggesting a scam-free (honest guv) method of "investing" in crypto once he's got a few more posts under his belt
    Originally posted by msallen
    If you look at his forum profile, you'll see that he's already spamming anyway. The whole point of his account is to make his forum profile visible to search engine crawlers. Whether it works as a viable form of spamming, I don't know.
    • Reaper
    • By Reaper 13th Apr 18, 3:14 PM
    • 6,286 Posts
    • 4,545 Thanks
    Reaper
    Good idea in theory. In practice scammers based abroad will pay no attention to the TPS.
    Originally posted by jimjames
    Ah but you missed out the second part of my post
    That says you don't want to receive any cold calls which prevents legitimate companies contacting you. Then you know everybody who continues to call you is a scam.
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