Post
Topic
Board Beginners & Help
Re: Beware of ponzi schemes bearing names relating to bitcoin on social media
by
JohnBitCo
on 19/10/2019, 16:39:37 UTC
I will want to draw attention of newbies towards this scam on social media, the wide popularity of bitcoin is an advantage for criminals.
I got a message from an anonymous person on whatsapp offering me an opportunity to invest in bitcoin and earn twice your investment in no time, this guys confuses you with fake chat of others claiming to have been paid from the investment, which I knew where altered and I did the rightful thing by blocking the person.
I would like to call on newbies not to fall victim on social media in the name of investing in bitcoin
If you willing to invest in bitcoin you can get bitcoin wallet and go to an exchange where you can buy bitcoin and keep in your wallet, very easy.
Planning to double your money in a day through bitcoin on social media is at your own risk there is hardly such type of investment being genuine

I have been victim of such scam around two years back when I invested in a bank pool named Newage Bank. I got information from many youtubers that it is not a scam and is doubling the bitcoins in 10 days. I invest and got my money doubled. I then invested more money and then the site scammed and my money was lost.

So even if those people show screen shots that they are being paid or paying people, it will be only for limited time to gain trust and then they scam big.