Bitcoin, the world's most popular digital coin, has just broken through the $ 7,500 resistance level, once again returning to the bull market. These developments have left many people wondering how to invest in the Bitcoin market.
If you are one of the people considering this then you need to learn how to invest safely in this market. This is because thousands of Bitcoin investors around the world are overwhelming. Scammers use old and new tactic to defraud their target, which is carried out through a Bitcoin-based project traded through online books called blockchains.
Is there an unconditional investment expert who wants you to invest in the Bitcoin market without an expert analysis of the Bitcoin market? This unconditional investment expert may ask you to invest without proving your success.
Have you ever received an email about your Bitcoin investment and it promises it will benefit your investment in the near future? Have you ever been asked to provide your personal Bitcoin wallet login information?
If you answered 'yes' to any of the above questions, you might want to be very careful. Bitcoin scammers use the following strategies:
Aggressive marketing
Bitcoin criminals often use abusive marketing tactics to fund their plans without conducting adequate scrutiny, such as ensuring that services within their jurisdiction are regulated.
If you don't carefully monitor the companies or funds you invest in, be careful, they may recommend that you invest quickly via email, Instagram, Twitter or Facebook. In the end, you may lose your capital.
A hacker recently played a video telling Bill Gates about investing in funds in cryptocurrency It threatened multiple YouTube accounts for more detailed information, it turned out that the hackers took an excerpt from the original speech and classified it in the details of a Ponzi scheme to trick the public into investing in the plan.
Unrealistic returns
One of the most peculiar aspects of financial fraud is the guarantee of inflated returns. An investment company that promises a 100% return immediately after an investment is a Ponzi scheme.
They use a number of good tactics to lure victims into the Ponzi scheme network. These financial criminals promise investors that their investors will receive unprecedented returns in the Bitcoin market (e.g in 2017).
Identity theft
Recently, a Bitcoin exchange called Bisq discovered that hackers used a bug found in trading software to steal money directly from users. These crypto theft occurs when an attacker threatens a user's account without the user's knowledge.
It is recommended to use a cold wallet or a dedicated smartphone. These tools are specifically designed to prevent Bitcoin from falling into the hands of hackers on the Internet.
Next time you consider investing in a Bitcoin fund or company, consider the expected return on the performance of the cryptocurrency market. Funds cannot guarantee 100% returns, when Bitcoin only increases by 9% weekly.
