Beware of These Five Bitcoin Scams

[Master107]

Bitcoin’s meteoric rise in prices over the last year has awakened mainstream interest in the original cryptocurrency. With prices looking bullish once again, investing in bitcoin has never been as popular, but the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures. From ICO scandals to wallet theft and fraud, regular consumers can fall prey to crime easily.

It may seem as though it’s the wild west for investors, but it doesn't have to be. While there are certainly risks in the market, the opportunities may be irresistible for some. However, being cautious is always a must, and there are clear signs of scams that investors can look for. By avoiding these traps, users can better their chances for success and protect their investments. These are some of the most common scams, and how they can be avoided.

1. Hardware Wallet Theft
2. Exchange Scams
3. Fake ICOs
4. Cloud Mining Schemes
5. Multi-Level Marketing


Read more: https://www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

Guys be careful and be diligent. Take care

[Zed0X]

I see a lot of investment schemes all over facebook. Similar to a pyramid scheme but only uses bitcoin as payment. It is very unfortunate that there are still gullible, ignorant, and greedy people easily falling to these types of scams.

[ponin]

Bitcoin’s meteoric rise in prices over the last year has awakened mainstream interest in the original cryptocurrency. With prices looking bullish once again, investing in bitcoin has never been as popular, but the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures.

[Master107]

Bitcoin’s meteoric rise in prices over the last year has awakened mainstream interest in the original cryptocurrency. With prices looking bullish once again, investing in bitcoin has never been as popular, but the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures.

Consequence is part of our life whether we do good or bad it is present. It seems like consequence is the same concept to karma (positive karma and negative karma). In investment we must have advance opinion base to real issue and how it manage.

[Zed0X]

Bitcoin’s meteoric rise in prices over the last year has awakened mainstream interest in the original cryptocurrency. With prices looking bullish once again, investing in bitcoin has never been as popular, but the rise in interest has not been without consequences. One of the downsides of new investors entering the market is the increase in the number of scams, frauds, and stories of retail investors who lose their coins to shady ventures.

Consequence is part of our life whether we do good or bad it is present. It seems like consequence is the same concept to karma (positive karma and negative karma). In investment we must have advance opinion base to real issue and how it manage.

LOL. Did the guy just copied the first few paragraphs of your post?

[papar]

The malware, CryptoCurrency Clipboard Hijackers (which reportedly manages 2.3 million bitcoin addresses) switches addresses used to transfer cryptocoin with ones the malware controls - thus transferring the coins to the scammers instead.