In the world of cryptocurrency investment, it is quite possible to make a bucket of gold in one month and lose it in days. The story of the three of us was deceived because of temporary greed. When there is a scam, always remember that when you want to make money in a first-time circle, the loser, especially money, before learning how to make money, You have to make money first and not lose money.
This will be based on the order of some of the most common cases of scam circles and the need to understand my investment risks in currency circle scams. That's a real type of terrorist attack, something that makes us feel less alert in the future from time to time.
Common scam 1: Fake investment platforms/fake exchanges This type of fraud is nothing more than taking a name very similar to a normal exchange, copying an interface that is very similar to a normal exchange (so it is also called fake exchange fraud), and then using dating software, anonymous currency circle communities, and web advertisements Wait for the pipeline to tell you that you can trade here, earn fast, etc.
Even though the reasons they use may be different, the meaning is similar: "You have to transfer money in before you can transfer money out." When the customer service tells you this, I'm sorry, 99.99% of them are scams. No matter what the reason is for a legitimate exchange, even if it needs to freeze your funds, it is impossible for you to pay extra margin. After all, what does a security deposit prove? This is purely a scam to extort you for the last minute before you leave. Legitimate exchanges may suspend withdrawals on special occasions, but anything that asks you to pay to withdraw is a scam.
Many unscrupulous elements take advantage of the public's unfamiliarity with the currency circle investment, and cleverly claim that they can help you invest. From the simplest way to help you buy bitcoin, to convince you to join an investment team, or let a well-known investment teacher teach you how to operate. This kind of fraud mode is not limited to appear in the currency circle, but many are related. These "teachers" and "investment consultants" will come up with a lot of fancy currency investment terms, such as "ICO, cloud mining, smart contract arbitrage", etc. The seven-sentence model and three-sentence fake model make you confused ; If coupled with the story that "a middle school teacher of a certain middle school earns 60,000 passive income from bitcoin investment", which seems to be very close to your story, it will make our novice Xiaobai be tempted and hand over the money in a daze. As everyone knows, the money you give to the "teacher" is the "tuition fee" you spend on your investment journey.
There is an old saying in the currency circle, "If you don't know where he got APY, chances are you are the APY." (Annual Percentage Yield, annual percentage rate of return) refers to if you don't know a high-paying investment opportunity What is the operating mechanism behind it, it is very likely that their profit comes from your principal. Therefore, don't take chances, and you must always understand the use of each investment fund you spend before you can transfer the money.