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Topic: How to know if a bitcoin trading is worth trusting? (Read 830 times)

brand new
Activity: 0
Merit: 0
We are happy that more people are interested in trading with automated cryptocurrency platforms. We have witnessed an increase in the number of comments and inquiries online regarding finding the best trading robots to invest. It is not surprising that more people need to trade Bitcoins and other options. It is a tough world out there, and an option to make money on the side sounds great.

Good enough, the cryptocurrency market is very vast and can accommodate everyone interested in trading. Even better, with auto trading robots such as Bitcoin Trader, investors don’t need to lift a finger before they can make a daily profit.

We are supporting this effort to invest and make money from the cryptocurrency market by testing and vetting the best automated trading platforms for cryptocurrency. In this review, we will be discussing our experience while testing Bitcoin Trader.
hero member
Activity: 1904
Merit: 510
thank you to successful people who have given me experience about bitcoi, As time goes by, and more and more people are interested in bitcoin, and making bitcoin their place of investment, the more investors will become victims of bitcoin investment, bitcoin price movements are difficult in predictions so that if there is the lure of high returns from bitcoin investment then we must strictly avoid it,
sr. member
Activity: 798
Merit: 253
I can bet with you that 99.9% of them are not true. This is very common on telegram. You get added to a signal providing group and you will be promised of making good return on investment from the signal they will be giving out. The truth of the matter is that many of these groups are working in coordinate with aim of pumping a particular coin and using somebody like you as leverage. They will have many of the similar groups so, in all the groups, they will drop a signal about a particular coin so when you rush to go and buy, you will just discover that the price you are buying might be the highest price the coin will ever reach before it starts to fall back and before you know it you will end up losing your money. This has happened to me in the past. be careful.
People who get caught by the scammer’s techniques are those who do not have enough knowledge of the market and its working. Only few people get the knowledge of the market before starting investments. This is also one of the biggest reasons behind increasing crimes in crypto market. When people don’t understand the strategies they don’t realize that they are moving toward the wrong way.
full member
Activity: 1498
Merit: 129
I can bet with you that 99.9% of them are not true. This is very common on telegram. You get added to a signal providing group and you will be promised of making good return on investment from the signal they will be giving out. The truth of the matter is that many of these groups are working in coordinate with aim of pumping a particular coin and using somebody like you as leverage. They will have many of the similar groups so, in all the groups, they will drop a signal about a particular coin so when you rush to go and buy, you will just discover that the price you are buying might be the highest price the coin will ever reach before it starts to fall back and before you know it you will end up losing your money. This has happened to me in the past. be careful.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
If you depend on some else to determine the direction flow of your capital, then you are welcome to the losing club. That telegram group should be reported and it is a professional scam to deceive newbie like you of what is not obtainable.
full member
Activity: 1736
Merit: 116
Be careful of group trading on telegrams that offer rewards or profits to good to be true, because such a thing is
characteristic of scams. If that kind of thing, there is nothing in trading to get 10x profit within 5 days. As offered
the group is very instant, investing $ 500 and will get back $ 5,000 makes no sense to me. Things like that are very
clearly the actions of scammers.
full member
Activity: 602
Merit: 100
Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

Don't get involved in get rich quick venture,  it will definitely swallow your investment.  If profit making is that easy, they will keep the secresecret to themselves.
Don't even give it a second thought,  its definitely a shame. People can only Mentor you on how to become an independent trader, and not money doubling through such means.
full member
Activity: 1100
Merit: 169
I'm certain that's a scam. Report the group and leave. The offer just doesn't make any sense. If anyone could 10x their investment why would they ask for your money? Besides, trading is not that easy. You just can't make your balance 10x in 5 days.
You are right about that because the one who can make such profits will not wast his time in such things because ×10 in 5 days is enough
sr. member
Activity: 1148
Merit: 251
Don’t be a victim of these kind of group, there is a bunch of people already get scam in telegram channel. Offering of double profit when you let invest to trade your money. If you know in trading the market is volatile and it cannot gives you a sure profit a 100% ROI. Study the market and let you learn more guide in trading.
hero member
Activity: 1540
Merit: 508
Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks
I am sure 100% that this is a scam, they are scammers not traders like they said. 100% ROI and 95% success rate are impossible with trading, if that's true why do they need to offer you to invest?
jr. member
Activity: 175
Merit: 1
as everybody said there before - it's a scam. just leave this topic. I recommend you to use one of the well-known, reliable websites which allow you to trade... check for example kraken, kucoin or coindeal. the last one has probably the best offer nowadays, because it has great fees and free deposits in some currencies
sr. member
Activity: 910
Merit: 254
Don't trust any such offer!
None is legit.
There are many such channels on telegram and Twitter. They all are scam. One more thing you should care about is the signal groups. Those are just pump and dump and in the hope getting profits don't follow their signals as well.
You must have read the news that how the crime rate in crypto has increased many folds. Since it is decentralized you have the responsibility of safe guarding your funds. Thus make sensible choices!
sr. member
Activity: 626
Merit: 250
Better not trust easily this kind of offer a 100% of ROI. There’s no such guaranteed return of profit when investing and trading in crypto in just a short period of time. Actually there are many offer in telegram group so don't trust easily once you give your money it may scam you. $5000 within 5 days is a hell joke, best if you could learn to trade on your own, it will give you knowledge in trading and if you are willing to learn it will make it happen.
unfortunately there are still people who believe in such investments, and those who offer such projects may be part of the referral seeker, and they only look for people without investing in them. it would be better to keep the project away like that, they can leave at any time and certainly if we don't play fast in the hype then the funds will be lost.
hero member
Activity: 1582
Merit: 523
Better not trust easily this kind of offer a 100% of ROI. There’s no such guaranteed return of profit when investing and trading in crypto in just a short period of time. Actually there are many offer in telegram group so don't trust easily once you give your money it may scam you. $5000 within 5 days is a hell joke, best if you could learn to trade on your own, it will give you knowledge in trading and if you are willing to learn it will make it happen.
sr. member
Activity: 1330
Merit: 326
100% ROI within days is absurd for me. I am a trader so I know that it is not really sure to get back 100% ROI that fast. And refrain from joining those telegram groups that are requiring you to invest, they are usually scam.
Never ever trust anyone.

You can earn in trading slowly and do not fall for those high returns. You can actually gain profits in trading without the help of any groups. Start off as a long term trader first, this moment is the proper time to buy coins. Or there are also still tg groups who offer free signals without requiring you pay before joining.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
Please and I ask you not to fall this one cause this is truly a scam.
If I invest $500, I will get back $5000 within 5 days? How you could imagine that? In that short period of time frame, you can't be able to achieve that amount if you run legally.
This totally a fake and possible broken promises that soon you will realize that you already been a victim of a scam.
sr. member
Activity: 906
Merit: 263
Don't you think if someone had a 95% success rate they would do this themselves?? 10x in 5 days? The excuse is what? They don't have the money? They have a gambling or drug problem? What excuse did they use?
If Invest $1 and make $10 after 5 days that means I can make $1000 in 15 days?? With $1?? in a month I will make over a million??? With 1$???

You just need to have gone to school to see that this is a scam. If you fall for this you can only blame yourself.
sr. member
Activity: 1274
Merit: 278
It is definitely not a legit one. No one can offer a sure 100% ROI with a definite time. Imagine you are just one of the hundred persons that he/she have made an offer. Then it would be very difficult for them to be certain in giving the ROI on a definite time. Be careful with dealing with this kind of offers in Crypto.

As far as I can remember, you can only have 100 percent ROI for a long time frame in crypto, mostly, before with the new projects in ICO's there are many projects that starts their tokens at lower value and get's higher and higher though, I don't think people really do get the 100 percent profits, but still, these coins achieve a high value in the market now. Try to look at the Coin market cap. There, you can see other cryptocurrency and you can inspect and see histories of this coins if you wish.
full member
Activity: 1330
Merit: 147
Good to see you here and you have made good decision as well to make this thread. As many users says above that is definitely scam way and there are many thread already which discussed about this issue. And yeah, the target this scam is newbies who haven't knew much about crypto, more than that with many issue which have been spread that bitcoin is a place to get money fastly with one reason its price is really volatile.

But you have to know, although its price is volatile that is not guarantee to make you get rich fastly. Maybe there is way to get that but you have to spend a lot of money as your capital to be traded or to be invested. Take a look with the price movement at 2017 ago, how many percent bitcoin price increased? That is a looot. You may need one year to increase almost 1000x profit when you buy it in the early of 2017 and you can sell it at the end of 2017.

So, be carefull with this thing because there will be many offer although with different way. Clearly, you have to know the legit place (investment) will never ask you profit with a definite amount.
sr. member
Activity: 1190
Merit: 253
It is definitely not a legit one. No one can offer a sure 100% ROI with a definite time. Imagine you are just one of the hundred persons that he/she have made an offer. Then it would be very difficult for them to be certain in giving the ROI on a definite time. Be careful with dealing with this kind of offers in Crypto.
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