As interest in digital currencies increases such as Bitcoin, more and more Bitcoin scams promise high returns. Unrealistic lure is clearly a mere cover, and usually ends with the loss of clients' funds. Fraud often spreads in social circles based on trusted relationships. Therefore, we must be aware that there are cunning fraudsters who can actively seek ways to deceive with absurd tricks and offers.

How to avoid bitcoin scams :

1. Know What You Are Facing

You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.

2. Avoid Unrealistic Offerings

Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.

How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.

3. Beware of Phising Web Pages

Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,

4. Beware of Fake Digital Wallets

Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.

MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.

5. Beware of Bitcoin Thief Malware

Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.

In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.

Yes. Not only newbies but also the older member can be dangerous. As long as they will not use Bitcoin in proper way it can be threat in our community. All of us here needs to be aware in what we are doing here. We need to expand our knowledge when it comes to Bitcoin and other cryptocurrency. Being aware of don'ts and do's in Cryptocurrency can avoid us in a serious matter.

Then what happens if we turn out to buy Crypto assets with the highest prices and prices as you know continue to experience a very deep decline, can capital patience make our lives better in a short time? because all I know is that patience is only done for those who have plans to hold coins for several years and they already have a lot of capital, so for those of us who are only paid hunters can only be patient without taking actions that can generate income. Because life needs will continue.

If you have this amount and you are not sure about which coin you should invest, i would recommend you to not invest in a coin. Sounds weird, but i can explain to you. It is a very popular and as this is the moment it is a very small amount. I hope its price will be growing again.

This may be because bitcoin prices are falling and panicked investors are rushing to sell their tokens at cheap prices.
But maybe this is the best time to invest and hold a coin until the end of the year, and sell it when the price is high.

I would say it depends on your budget / financial stability. please do not invest all your life savings into crypto. There is still a posibility that it may crash. Soo just allocate a small percent of money to be invested in crypto. Only invest what you are willing to lose. Dont put your money all in one basket. Proper financial planning is important in every investment we make.

Keep everything in the long term, well, or at least until the market comes to the same state. The main thing is not to sell your coins, be patient.

The cryptocurrency market is gradually recovering from the downward movement it has been experiencing for the past few months now so I will advice for you to hold onto your coin for sometime so as to fully reap the benefit of the market.

12000 $ to invest in LTC!? R U kidding me? Hope your question was only in theory as a kind of joke...

My perspective is still bitcoin , bitcoin is decentrelized coin and by the marketplace demand it determined the price of bitcoin that is why bitcoin is stable , and on the Ethereum , eth is one of the best alt coins despite the price of it , eth is absolutely on the second place. And if you have a money to invest make sure to invest the half of it in eth and the half of it in the btc , its more worth it though.

From my monitoring, the market still needs time to recover the price and also stabilize its situation. Crypto is still vulnerable to sudden drops. To be able to ensure crypto is fully recovered, we must wait for a stable crypto with its enhancement.

Talking about trust and Crypto project I choose ETH as a trusted project which I see it's future more brighter in 5-10 years to come with big increase so I can highly recommend it for long term.

i think you are right, but i also think that this is not a good thing if we want that people start to use btc as currency.

The future of bitcoin is very clear, as bitcoin users are getting more and more and investors are increasingly investing bitcoin, there are already some transactions that can use bitcoin and the level of public confidence in bitcoin is very high.

Great news. Hopefully, this will not be only up to news. They should do more research and test applications of the blockchain technology to realize how far it can take us from here, to discover more potential in improving the economy and every industry where it can be implemented.

I believe in HODLing, because buying and holding has proven to be an exceptionally successful strategy. I doubt most people who bought bitcoin at pennies or a few bucks apiece are millionaires today precisely because they sold. For me, bitcoin is digital gold.

It appears bitcoin is one of the slowest crypto foreign money. Ephyrium works an awful lot quicker and could paintings even faster after vital updates.soon will appear meinnet at EOS and i could be fascinated to see its pace, talk that it'll exceed the load of expectation

I know Bitcoin is going down but that does not make me lose faith in Bitcoin. I knew Bitcoin for the introduction of a friend, and then I found out that Bitcoin had a very clear potential. So my belief in Bitcoin is great and I will continue to keep it because I find it has great growth potential.

Of course bitcoin has a good future and so with us who never fails to believe with it.  Bitcoin has a good qualities that every investors love like being decentralized.  Someday we will be enjoying the things that we achieve from crypto.