4 Bitcoin cons to watch out for... - page 3.

Kprawn

legendary

Activity: 1904

Merit: 1074

Most of us are attracted to options promising us higher profits on our investments than what we are getting currently in our country of origin. Most people believe these opportunities are legitimate and

not some sort of HYIP or Ponzi Scheme. If you do some research, you will eventually see.... interest rates on most investments are way below these rates offered by these services and it is highly

unlikely that it is legal. So the old saying goes... If it looks to good to be true.. it probably is. Go to http://www.badbitcoin.org/ to see most of the scams out there currently. Angry

Amph

legendary

Activity: 3248

Merit: 1072

i prefer to invest in some good altcoin, than those blatant ponzi, some alt can be a really good investment like it was for ethereum or decred, recently

there is basically a 99% guarantee, with some of them, to make big money

pooya87

legendary

Activity: 3472

Merit: 10611

this is a good article for the beginners and help section for our new friends to watch out for.

i don't see anything new here, it has always been like this. scammers trying to use bitcoin anonymity to their advantage and steal people's money by calling it investment.

btcltccoins

full member

Activity: 154

Merit: 100

Quote from: nydiacaskey01 on March 24, 2016, 07:01:12 PM

Here is what that article is saying
1. Bitcoin investment program
2. Bitcoin mining scams
3. Bitcoin wallet scams
4. Bitcoin exchage scams

#1 & #2 is for ponzis and yes it obvious we should never fall into tha trap. #4 we should always remember that those paypal, skrill, payza are reversible and #3 always go with the one with good reviews, never try a new one and act like a crash test dummy.

For the investment schemes, most of them are ponzi ones. They just collect your coins and never give you back.
I have heard Papyal is reversible, but never heard Payza is also reversible ?

hasiramasenju

legendary

Activity: 980

Merit: 1000

it's true most of them are scam and many people has victims from mining sites and investment sites and i think these article are good for references

YoonYeonghwa

sr. member

Activity: 242

Merit: 250

No, but it was informational to say the least. Good thread, marked for future reference Grin

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xuan87

legendary

Activity: 1666

Merit: 1001

like in the article says most of the investment and mining are scam, even some of the faucet is a scam

bitcoin exchanger is also one of the scam scheme made by scammer, the amount lost due to the scammer in exchanger is very high

overall, be careful in every situation, dont click any unknown link, bitcoin is a favourite target for scammer

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Here is what that article is saying
1. Bitcoin investment program
2. Bitcoin mining scams
3. Bitcoin wallet scams
4. Bitcoin exchage scams

#1 & #2 is for ponzis and yes it obvious we should never fall into tha trap. #4 we should always remember that those paypal, skrill, payza are reversible and #3 always go with the one with good reviews, never try a new one and act like a crash test dummy.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

I once tried a scam "investment" site for fun, knowing that they are not going to last long and operate like a Ponzi scheme. Daily interest was about 3.6%. I figured out, using the "rule of 72", that if the site survived for more than 20 days I will have my ROI.

I was luck to join early and the site did survived for more than 20 days, and I withdrew everything. So I doubled the little investment of 0.01BTC to about 0.02+BTC. About a month later, the site closed down and many investors lost their BTC.

In short, almost all BTC investment at the moment are scams- please correct me by letting me know if there is any valid investment site....

spendabit

member

Activity: 93

Merit: 10

Spendabit is a search engine for Bitcoin

http://cointelegraph.com/news/beware-4-typical-bitcoin-scams-in-mining-investment-wallets-exchange

Has anyone had this happen to them?

Topic: 4 Bitcoin cons to watch out for... - page 3. (Read 2149 times)