katepagava
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How To Spot A Bitcoin Scam

Tue Jun 27, 2017 2:33 pm

There are any number of ways fraud merchants can swindle you through Bitcoin transactions.How to avoid troubles?

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mjglqw
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Re: How To Spot A Bitcoin Scam

Tue Jun 27, 2017 2:58 pm

There are any number of ways fraud merchants can swindle you through Bitcoin transactions.How to avoid troubles?
You don't even need to go that deep to spot scams. Alot of "get rich fast" bitcoin doubler websites circulating on social media.

You just have to be smart enough to spot scams. The easy way is to just use trusted exchanges and nothing else when trading crypto. Also use purse.io for shopping with btc.

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Possum577
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Re: How To Spot A Bitcoin Scam

Tue Jun 27, 2017 5:56 pm

Don't trust just anyone. There's a saying "trust but verify".

If someone offers you an interesting investment proposal, consider the logic involved in the business plan - does it make sense? Are the returns being offered realistic? How will the business generate those returns for you? What's the character and expertise of the person offering the plan? Ask them questions, tough questions, and if they don't respond their plan isn't worth your valuable bitcoin.

Here's a great BTC Sessions video on avoiding scams >>> https://www.youtube.com/watch?v=mHFmp2e3luo
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SpaceMonkey
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Re: How To Spot A Bitcoin Scam

Tue Jun 27, 2017 7:36 pm

How To Spot A Bitcoin Scam?

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Denishayes89
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Re: How To Spot A Bitcoin Scam

Wed Jun 28, 2017 6:33 am

According to Wood, the fundamental principles of cryptocurrency includes decentralization, privacy, unlimited use, controlled supply, and transparency with a public ledger, called a Blockchain, and publicly disclosed source code for anyone to verify. Any entity that does not satisfy these requirements cannot pass for a genuine cryptocurrency.
The biggest culprit in this category, as noted by Wood, is Onecoin.

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