Is BITCOIN Legit or SCAM?? Find out here!!!

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  • Ad ID: 9233

  • Added: March 19, 2018

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Did u know that bitcoin is a scam loading and will blow up..

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Below is evidences that bitcoin is just another scam.

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Hardware Wallet Theft..
If you are concerned with security and privacy, a hardware wallet Also known as physical device that stores their private keys—is an increasingly popular option. Usually as small as key-chain USB drives, these wallets offer an offline way to help crypto investors protect their bitcoin even further..





But there have been reports that some of them have built-in vulnerabilities which open them to hackers that could easily steal all a user’s holdings.. Make sure you secure your wallet.

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Read this carefully. According to Ofir Beigel, owner of 99Bitcoins.com, Say that one scam entails selling hardware wallets to users with a ‘pre-configured’ seed phrase hidden under a scratch card. The new user is told that he should scratch the card… and set up the wallet with the compromised seed.
This creates a back door that allows hackers to simply drain funds once a wallet is activated. These scams are becoming more common, but they can easily be avoided by only accepting wallets from trusted sources.. Understood?? Take it very seriously and protect your wallet.

 

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BITCOIN SI HARD TO CONTROL.
for example Exchange Scams
Despite their decentralized nature, most cryptocurrencies are still bought and sold at exchanges. While this makes it easier to find the coins investors desire, there is still NO regulatory body overseeing these exchanges in many countries. Thus, many investors have been left penniless when the exchanges they signed up for turn out to be traps. So sad.. You remember In December, several South Korean exchanges were exposedand hacked, leading to promises of stiffer regulations by the country’s authorities But no help so far.. Money gone is gone.





It’s true These scams are not hard to spot, but can be costly if not avoided…ok?
You should know that One of the biggest red flags is the promise of unrealistic prices, BEWARE of Exchanges that promise heavy discounts on bitcoin use this strategy to lure in unsuspecting victims. Additionally, users are advised to check exchanges’ URLs. Web addresses should always begin with HTTPS, a sign that traffic is encrypted. Just like my website www.chapchapmarket.co.ke is SECURE.
Visiting unsecured websites is a bad idea, but alert investors can avoid losing thousands by looking for the right signs.

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FAKE ICOs
This is one of the best results of the cryptocurrency boom has been the rise of the initial coin offering as a way for companies to raise capital.
With thousands of new blockchain-based companies entering the market with unique ideas and exciting projects, users can now back their favorite businesses easily. However, this massive explosion of ICO opportunities has inevitably raised the specter of fraud and be very careful.




Know that there are several ways scammers can separate investors from their bitcoin. Fore example one popular method involves creating fake websites that resemble ICOs’ and instructing users to deposit coins into a compromised wallet. And Other times, it’s the ICOs themselves at fault..
Recently Centra Tech, for example, a blockchain venture backed by several celebrities has been sued in the US. This company stands accused of portraying fake team members, misleading investors, and lying about their products. So best way to avoid these scams is close research that involves picking apart the white paper, reviewing the team behind the venture, and key board members or investors, before making any investment, it’s vital to learn as much about the company as possible to avoid any unpleasant surprises. Please take this seriously.

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CLOUD MINING SCHEMES
Do u know that Mining is the only way to extract new bitcoins without buying or exchanging them? but it has become an incredibly resource-intensive activity And due to the unique way new coins are mined, it takes massive amounts of processing power and electricity and thus money, to mine a single coin.
However, many companies now offer regular users the ability to rent some server space to mine coins for a set Good rate

For example some companies offer ‘lifetime contracts’, which keep costs the same and supposedly offer outstanding returns.
However, as the difficulty of mining increases, the same investment will return smaller amounts each time. Moreover, some companies make bold claims regarding their returns without being transparent about the true costs and diminishing returns.




Others simply operate Ponzi schemes that can lead to massive losses..

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Just be very careful

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