Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Ananya Bushra on August 19, 2023, 09:51:55 PM
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Here's my speculation on why all the crypto-savvy individuals knew that MTFE was not worth considering.
• They guaranteed profits to the users without any validation of investment.
• The users no longer had authority over their funds.
• It was not regulated by any financial authority.
• They didn't have transparency.
• It has been the subject of regulatory warnings.
Taking a comprehensive look at this project, it was clear right away that it was a scam, particularly a Ponzi scheme. The way they operated wasn't anything like AI-powered trading or standard trading. Comparing it to copy trading wouldn't work either. Their approach simply didn't add up. Among the people I'm acquainted with, those who are well-versed in the crypto industry never got deceived by the MTFE scam. On the other hand, those who acted out of greed, without proper understanding or thorough research, ended up getting trapped in it.
There are several well established platforms now offering AI power trading, bot trading, copy trading, and more, but they never assure guaranteed profits because that's not how trading works.
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Many dont understand that transparency matters a lot in trading or financial services. Also, trading with a platform that guarantees profit always is very risky. I wouldn't mind using an AI trading tool or use copy trading inasmuch as it's on a transparent platform.
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wow awesome information!