Grifter
Home » Bitcoin Culture » BTC Glossary » Grifter

There are a lot of bad actors out in the world and the grifter has found their way in to the Bitcoin world too. These are basically con artists who manage to swindle people out of their money via fraud and lies as opposed to brute force.
Grifters can be seen operating on pretty much every aspect of Bitcoin Twitter but may take various forms.
The most obvious grifters are shitcoiners trying to swindle your Bitcoin for promises of higher gains with rug pull technology.
However, scam artists do exist in the Bitcoin world that try to coax you in to random Telegram or Discord groups or where they will “double your money” if you send them some Bitcoin first.
Just remember that if you send Bitcoin to a wallet that you don’t own the private keys to, it’s not yours anymore.
Once you have dived deep into Bitcoin and treasure every sat, you will be well prepared to avoid the anguish and tactics employed by the grifter.
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog

Bitcoin Hashrate Reaches 1 Zetahash
Despite the drama surrounding the release of Core 30 and the fact that Bitcoin continues to hover above $ 100,000, this latest bull cycle has

What Is A Blockstream Blind Oracle?
When it comes to Bitcoin self-custody, adding layers of security isn’t just good practice—it’s essential, as that stack soars in relative purchasing power, so does

What Is the Drama Surrounding Bitcoin Core 30?
The Bitcoin ecosystem is witnessing one of its most contentious debates in years, centred around Bitcoin Core version 30 and its controversial expansion of OP_RETURN