How do I identify a fraudulent bitcoin scheme?

1 answers

• May 02, 2022 · 3 years ago
  Identifying a fraudulent bitcoin scheme can be challenging, but there are some warning signs to watch out for. One red flag is if the scheme promises guaranteed profits without any risk. Legitimate investments always come with a certain level of risk, and anyone claiming otherwise is likely trying to scam you. Another warning sign is if the scheme pressures you to invest a large sum of money upfront or if it requires you to recruit others to join. Legitimate investments allow you to start small and grow at your own pace. Lastly, trust your instincts. If something feels off or too good to be true, it's better to be safe than sorry. Take the time to research and verify the legitimacy of the scheme before making any investment decisions.
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