This short post will explain to you how to avoid Bitcoin scams once and for all. It is a short 3 minute read that will educate you enough in the subject so you can feel comfortable moving forward in your cryptocurrency investing journey.
The topic is very hot right now, and will (most likely) continue to be in the coming months and years. And it is also the industry that is absolutely most flooded with scams so I feel this post is an important read.
Ok, let´s get started!
Now you see them, now you don´t
Trust me on this one, most of the coins you see today won´t exist in a couple of years. Most people cannot see this. The other week in my local grocery store, the guy who works there told me he had invested in a new great coin. He even wanted me to invest in them, buying from him or “under him” as he called it. I knew at that exact moment (when he said under me) that he had been scammed into a so-called Ponzi scheme (pyramid scam).
This stuff is everywhere and just waiting for someone to fall into the trap that they in reality are. Unfortunately, most people cannot see through those traps. This is also the reason why I write this post today. I am really really tired to see people getting scammed over and over again. Good people, even friends and people I know and like (like the grocery store guy for example).
Here is a general rule of thumb you want to stick to before even considering investing in a new coin: