Facebook Bans Bitcoin Ads . . . Are They All Scams?



You’ve probably heard about it. Ads for cryptocurrencies like Bitcoin and some other financial services are being banned on Facebook and Instagram.

It’s a broad-ranging policy that is deliberately designed to keep scammers from placing misleading and deceptive advertising on these platforms. You can read Facebook’s blog post introducing the new policy here.

So does this mean that Facebook believes all people advertising investments in cryptocurrencies are scammers? Well, no.

Does it mean that there will never be cryptocurrency ads on Facebook and Instagram ever again? Probably not.

It’s the Wild West!

The world of cryptocurrency is like the Wild West right now. Facebook is putting a hold on these ads for the time being while trying to figure out how to detect who is operating in good faith and who is a scammer.

Honestly, it’s a hard-line but prudent approach, since lots of unsuspecting people have lost huge amounts of money to cryptocurrency scams. As the blog post says, “this policy is intentionally broad while we work to better detect deceptive and misleading advertising practices.”

So many people have gotten caught up in cryptocurrency fever and gotten ripped off that Facebook and Instagram’s position is completely understandable, since they want to maintain a safe environment. Facebook isn’t saying anything definite, but it will probably again allow legitimate cryptocurrency ads before too long. Time will tell.

Education is crucial

Regardless, Bitcoin, Litecoin, and other cryptos will be around for a while. I have no doubt they are going to become a bigger part of our lives soon. And for all of Facebook’s good intentions, we need to take it upon ourselves to get educated about cryptocurrencies. I’m not telling you whether you should invest in them. (I’m no expert, so please don’t ask me!) I’m just saying we can’t ignore them anymore.

Please keep in mind that I am not giving financial advice here, just my thoughts. I believe there is considerable potential with Bitcoin, but there is also considerable of risk. So be careful.  If you want to invest in Bitcoin, Litecoin, and other cryptocurrencies, don’t invest more than you can afford to lose! For Pete’s sake, don’t bet your kids’ college fund on it!!

Having said that, if you are interested in dipping your toe in the Bitcoin waters, you can set up a free account with Coinbase today by clicking here or clicking on the image at the bottom of this post. The good news is that if you buy or sell $100 worth of cryptocurrencies within 180 days of opening your account, you will get $10 in Bitcoin!

Full disclosure: I will get $10 in Bitcoin too, so we will both benefit. But let me be clear: I am not going to recommend something just to get the referral commission. I like Coinbase because it’s easy to understand and use, which is great for a Bitcoin amateur like me!

If Coinbase interests you, do your due diligence, read the terms and conditions, and make sure you understand what fees are involved in trading. If you decide it’s for you, just remember not to bet the farm on cryptocurrencies! (Seriously, I don’t want you to lose your shirt. That’s why I keep hammering on this.)

And if you decide it’s not your cup of tea, no problem. I get it completely. Thanks for reading this far.

If you have any comments, post them below and I’ll do my best to respond.

Get your anti-scam report by visiting the Joe Libby Seminars homepage.

Other gifts and free trainings are available for you at the resources page.



How to Create and Optimize Your Free About.me Page

If you need a web presence right away, an option to consider is a free about.me page. It’s worth having for business, marketing, or for personal use. It could serve as a stand-alone website, and in some instances, that would be perfectly appropriate. Or it could serve as a hub to all of the other places where you have an online presence. It’s easy to set up too, but there are some little tricks that can help optimize it for you.

I couldn’t find any video tutorials on about.me, so I went ahead and made one. I hope it’s useful to you. If you have any questions, post them below in the comments and I’ll answer them to the best of my ability.

You can also visit my resources and free trainings page for more valuable information.

Another place to find valuable info is at the Joe Libby Seminars Facebook page. Like and follow it to stay up to date!!

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Contact: Joe Libby
Phone: 210-772-6686
Email: [email protected]

Ten Tips to Avoid Getting Conned: Part 3

Here are the last few tips to keep in mind to help you avoid getting conned or scammed. Click here to read Part 1. Click here to read Part 2.

8. Those Street Games You See? Just Stay Away: Sometimes you might see someone on the street running a three-card monte or a similar gambling game. Stay away from them; they are a sure way for you to lose your money. The people running these games are experts at sleight of hand, misdirection, and whatever else it takes to relieve you of your cash. And if you’re thinking “Yeah, but there was a beautiful young woman winning just before I started playing,” reread the second tip of this article. She’s in on it.

9. You’re not too Smart to Get Conned: Many times, I’ll see or hear comments from people who say they are too smart to fall for a con game, a scam, or a swindle. I’m sorry, but that attitude is extremely arrogant. I study this topic, and I know I could still become a mark under the right circumstances. If you take the attitude that you’re too smart or that it will never happen to you, you are leaving yourself wide open to a con or a scam.

10. If You Fall for a Con, Tell Someone: It certainly can be very embarrassing if you become the victim of a con or a scam. You may feel like keeping it to yourself. but that doesn’t help anybody. Tell people what happened; make a police report. If it happens to you it can easily happen to a family member, a friend, or a colleague. It’s by talking about it and spreading the word that we start to put the scammers out of business.

For gifts and free trainings, visit Joe Libby’s website.

Ten Tips to Avoid Getting Conned: Part 2

Here are some more tips to keep in mind to help you avoid getting conned or scammed. Click here to read Part 1.

5. Don’t Let Greed Overcome Your Common Sense: Some cons involve the mark putting up money (maybe several thousand dollars) in return for a massive payoff. What’s amazing is that the some of these cons are so outlandish, you can’t believe people fall for them . . . but they do! I don’t have to tell you that “if it sounds too good to be true,” do I? Oh, and that new acquaintance of yours who tries to convince you that you should put your money in because it sounds like a great deal? Reread my second tip in this article.

6. Don’t Pay Up just because Someone Tells You to: Some scammers use different ploys to try to pressure you into paying large sums of money by threatening lawsuits or arrests. Don’t pay them a penny just because they tell you that you have to! These are scams designed to scare you into paying them off. Sometimes they do this with authentic-looking letters, e-mails, or phone calls, which brings me to my next tip.

7. Anything Can Be Faked . . . Anything: Thanks to the advances in digital technology, it is possible to create a really convincing fake of nearly anything you can think of. So the next time you see an online offer that includes a Paypal screenshot with dozens of deposits for $97, remember that it could be legitimate, but it could be fake. Do your due diligence before responding to an offer. The recent IRS phone scams were rather crude, but people fell for them and paid the scammers because they were convinced they would go to jail otherwise. A fake does not have to be perfect to work on a mark.

For gifts and free trainings, visit Joe Libby’s website at http:JoeLibbySeminars.com

There are a few more tips to come. To be continued . . .

Ten Tips to Avoid Getting Conned: Part 1

Before you dive into the article, listen to this short audio message:

Unfortunately, most people don’t think about all the ways they could become a mark and get scammed out of their money or property. We can’t afford to go through life without keeping our guard up at all times. This list is not intended to be comprehensive, but keep these things in
mind so that you start being a little more aware of what’s going on around you. You are the best person to take care of yourself.

1. Real Con Men Aren’t Going to Advertise: You might imagine a con man as looking like Bud Abbott or someone from GUYS AND DOLLS: a slick, fast-talking guy in a pinstripe suit, with a snap-brim fedora and a pencil mustache. Nothing could be further from the truth. A con man
might look like a successful professional person, he might look like a representative from a utilities company, or he might be so nondescript that you would have a hard time describing him later. Con man don’t want to do anything to attract unnecessary attention to themselves.

2. Con Men and Scammers Rarely Work Alone: If you have ever made change at a cash register, and somebody in line starts getting impatient and demands that things be moved along, consider this: the impatient customer might be a confederate of the guy you are making change for. His act is designed to put pressure on you to act quickly and end up short-changing yourself.

3. Stay Alert. Don’t be Distracted: In the scenario above, as you are trying to make change, the person you are making change for might make small talk, asking lots of questions, etc. If he’s a con man, that’s to keep your mind off the money you are counting so that, ultimately, you end up giving him too much. Even if he isn’t a con man and is just very talkative, keep your mind on counting out the correct change so you don’t make a mistake!!

4. Sex Sells: Some of the most effective scams are pulled on men by attractive young women. No, I’m not being sexist; it’s true! Ladies, it can work the same way with you being scammed by good-looking men. The point is to keep your wits about you; Don’t let an attractive person lure
you into a Honey Trap because you’re not using your brain!

To Be Continued . . .

Click here to go to Part 2.

For your gifts and free trainings, visit Joe Libby’s website: http://JoeLibbySeminars.com

Ethically “Scam” Your Friends?

Here is a fun product you might want to consider if you are interested in pulling some harmless cons on friends and family. Please remember, this is for entertainment purposes ONLY! Please don’t really try to scam someone! 🙂

Notice: We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

Don’t Feed the (Copyright) Trolls


The chances are getting better and better that at some point you’ll be threatened by a copyright troll, especially if you have a website or do any kind of advertising. I’ve had to deal with these guys, and I’ve made it my mission to educate others on all kinds of cons and scams. You can find out more by visiting https://joelibbyseminars.com/noscamzone/.

What is a copyright troll? That is a person or company that obtains a copyright on some intellectual property (or sometimes just claims to hold a copyright) simply for the purpose of scamming people Into paying them large sums of money to avoid legal action. Make no mistake: they may be operating within the law, but they are slimy, unethical scammers.

Frequently, the scammer will send a letter full of confusing and threatening language to try to scare you into sending them money. Here is how I recommend you deal with that:

1. Don’t panic. This accomplishes nothing. Remember, just because somebody says you are in violation of their copyright doesn’t necessarily mean that you are. They may well insist that the accusations laid out in their letter are evidence that you have violated the law. This is ridiculous. I’m no lawyer, and I know letters like that won’t hold up as evidence in court.

2. If you have any doubts at all, remove the image in question from your website or ad. Even if you can verify that you have full permission to use it, you might want to remove it anyway for the time being.

3. Send a letter by certified mail to the copyright troll saying you have removed the image and you consider the matter closed. Don’t accept blame for their claims; Remember, they haven’t proven anything.

4. In all likelihood, the trolls won’t consider the matter closed because they hasn’t squeezed any money out of you. Don’t respond to any additional letters they send you. Just read the letters and have a good laugh at their pathetic attempts to intimidate you. They can tell you all they want that they are going to sue you but unless they are claiming hundreds of thousands of dollars in damages, it’s not going to be worth their time. That’s why they resort to threatening letters.

5. You may want to have your attorney handle this matter for you. I can’t say I blame you for that although I really don’t think it’s necessary in most cases. But whatever you do, I would recommend you stick to your guns and not give the scammer one red cent.

6. Educate yourself. Do an online search for “copyright trolls” and the company or person that is threatening you and you can probably learn a lot that will put your mind at ease.

If you have any questions, let me know in the comments below. I’m happy to help any way I can.

Joe Libby is a speaker and entertainer who focuses on exposing scams and swindles. Visit his website to find out about his entertaining public seminars on scams.