How To Spot And Avoid Bitcoin Scams?

What is Bitcoin?

Bitcoin is a digital currency that has gained massive popularity in recent years. As with any popular investment opportunity, Bitcoin has attracted scammers looking to take advantage of people's eagerness to make a quick profit. Bitcoin scams can take many forms, ranging from fake exchanges to Ponzi schemes. Here are some ways to spot and avoid Bitcoin scams.

Tips To Spot And Avoid Bitcoin Scams

1. Be wary of unsolicited offers: Scammers may send unsolicited messages, emails or social media posts offering you the opportunity to invest in Bitcoin. If the offer seems too good to be true or comes from someone you don't know, it's likely a scam. Be cautious of anyone who tries to pressure you into investing in Bitcoin.
2. Research the company or individual offering the investment: Always research the company or individual offering the investment opportunity. Look for reviews and feedback from other investors. If the company or individual has a poor reputation or no online presence, it's best to avoid the investment altogether.
3. Watch out for fake exchanges: Fake exchanges are a common scam in the Bitcoin world. Scammers set up websites that look like legitimate Bitcoin exchanges, but they're actually fake. They'll ask you to deposit Bitcoin into their wallet, but you'll never see that Bitcoin ATM again. Always make sure you're using a legitimate Bitcoin exchange and never give out your private keys or seed phrases.
4. Don't fall for Ponzi schemes: Ponzi schemes promise high returns on your investment, but they're unsustainable and will eventually collapse. The early investors may see a return on their investment, but the later investors will lose their money. If an investment opportunity promises high returns with little to no risk, it's likely a Ponzi scheme.
5. Keep your Bitcoin secure: Always keep your Bitcoin in a secure wallet that you control. Don't leave your Bitcoin on an exchange or in a wallet that's controlled by someone else. Use a hardware wallet for maximum security.
6. Educate yourself: The best way to avoid Bitcoin scams is to educate yourself about the cryptocurrency and the different scams that exist. Stay up to date with the latest news and developments in the Bitcoin world, and never invest more than you can afford to lose.

Conclusion:

Bitcoin scams are prevalent, and scammers are always finding new ways to steal people's money. By following these tips and doing your due diligence, you can avoid falling victim to these scams and enjoy the benefits of investing in Bitcoin safely. Remember, if an investment opportunity seems too good to be true, it probably is. If you have any issue related to bitcoin scams you can contact our bitcoin atm customer support number. Our support advisor will help to avoid your bitcoin scams.

Content Source: https://bitcoinatmsupportus.org/how-to-spot-and-avoid-bitcoin-scams/
 

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Buddha Community

Online Scams: Types, Mechanisms, Victim Profiles, and Protection

Online scams start from a similar piece of financial discernment. At the point when it’s conceivable to communicate to a huge number of individuals, it’s inescapable that somebody, some place, will chomp. In any case, not all scams are made equivalent. While the Nigerian Banker may not trick you, other progressively unpretentious scam could very well. This is what you have to know.

What Is an Online Scam?

Online scams are a sort of misrepresentation. While they can take numerous structures, they generally fill one need—to isolate you from your own data or your cash. Most online scams can be categorized as one of three general classifications.

THE EMAIL MONEY SCAM

Supposed Nigerian Banker tricks make numerous individuals snicker, with the phony custom and the odd language. Varieties of the Nigerian Banker email trick utilize this methodology, as well. The test with this sort of trick is that the ridiculous sentences go about as a screener for the spammer. On the off chance that regardless of all the warnings, you despite everything development, at that point you’re self-choosing yourself into a little, naïve pool of individuals.

THE FRIEND IN NEED

Ever get a pressing Facebook Messenger note from a far off companion or colleague communicating a type of crisis? For instance, they lost a wallet while on an excursion in an outside nation and they critically need you to send cash by PayPal, Venmo, or Western Union to help with documentation?

Hacked online networking accounts offer a vector for misleading on the grounds that you’re prepared to believe the individual you believe is on the opposite side of the screen.

THE LEGIT-SOUNDING PROBLEM

An issue particularly for seniors and individuals subject to delinquent payment assortments, a few con artists utilize individual data about you or your family to endeavor to pressure a quick installment for a supposed obligation or to address a family crisis.

How Do Online Scams Work?

Online tricks work since they go after common human tendencies to look for pick up and stay away from misfortune. A whole scholastic field, called conduct financial aspects, diagrams the intuitive decisions we make, for example,

**Dread of Missing Out: **You can get a major prize, yet just in the event that you demonstration now!

Misfortune Aversion: If you don’t act now, you’ll face considerably greater misfortunes later!

Reference Dependence: The expense is only a limited quantity of your rewards!

How Do Online Scammers Find Victims?

Online con artists discover casualties in an assortment of ways:

Email Phishing: Probably the most widely recognized online trick, phishing is when fraudsters convey counterfeit messages to fool you into signing into an as far as anyone knows confided in site, similar to your bank, web based life record, or most loved shopping stage. Nigerian Banker and Nigerian Prince tricks are a sort of phishing also.

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Most EXPLOSIVE Bitcoin Opportunity 2021 (In Depth Bitcoin Mining Analysis). (HOT NEWS!!)

Volcanoes! No, this isn’t a flashback to your eighth-grade science project. President of El Salvador, Nayib Bukele, is proposing harnessing the geothermal power of volcanoes to mine Bitcoin in his country.

Believe it or not, this idea isn’t just to make the news of El Salvador using Bitcoin as legal tender even more explosive than it already has been. It’s a truly sustainable energy source that El Salvador already uses, and it may be the key to unlocking a green future for mining Bitcoin.

0:00 Intro
0:52 El Salvador, Crypto, Geothermal Energy
3:07 Why Geothermal?
4:52 How much energy mining needs
6:35 Closing thoughts
📺 The video in this post was made by BitBoy Crypto
The origin of the article: https://www.youtube.com/watch?v=NXEGZB5RbDc
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Savage Bitcoiners Volume 1: Interview with Psychedelic Bart

Originally published on Citadel21.com April, 21 2020

Name: Psychedelic Bart a.k.a. Psycho Bart

Country: United States

**How long have you been into Bitcoin and what got you interested? **

I’ve been into Bitcoin since 2013. I was initially drawn to BTC because I was a volatility junkie and I saw an opportunity to make more fiat. Over the years, I started to look into it more, take it seriously, and accumulate. Once you’ve figured out that Bitcoin is unstoppable, you’re deep in the rabbit hole.

How did you come up with your alias and why don’t you use your real name?

I came up with “Psychedelic Bart” because I grew up loving The Simpsons, Bart’s alter-ego El Barto, and Rob “Killer Acid” Corradetti’s artwork. I don’t use my real name because I value privacy.

Best Bitcoin experience and worst Bitcoin experience?

Best Bitcoin experience – befriending intelligent Bitcoiners over the years. It’s the best when you find people that are on the same wavelength as you. Worst Bitcoin experience – losing Bitcoin to trading shitcoins and leverage. I’ve learned my lesson.

What is the biggest fail you have ever seen in the Bitcoin world?

Mt. Gox. I didn’t get Goxxed but too many Bitcoiners got rekt from the shitty exchange. Learn from this and HODL YOUR OWN BTC.

What do you think about the Bitcoin markets volatility this last year?

Meh. You have to get used to the volatility because Bitcoin is still a new asset or else you’ll never make it out alive.

What are your thoughts on the upcoming halving and how will it affect price?

Not priced in! Most people still have no clue what Bitcoin is and the power it has. Bitcoin will moon again – it was designed to.

What is the biggest threat of COVID to the economy?

Government overreach destroyed Main St. and many small businesses.

What are your thoughts about the US Federal Reserve injecting so much money into the economy because of COVID?

Bbrrrrrrrrrrr.

How do you think this affects Bitcoin?

Anyone with a clue knows that the Fed is addicted to printing money and they’re not going to stop. More people are beginning to learn that Bitcoin is the best hedge.

Why do you think some people, especially noobs gravitate to shitcoins?

False advertising and unit bias. Shitcoiners lie and most people (even the really smart ones) are turned off from Bitcoin’s price.

What do you think most shitcoiners miss about Bitcoin?

That Bitcoin is light years ahead of everything else. Most people fall for the shitcoins’ marketing gimmicks, but when you take the time and figure out what the truth is, you’ll go all into BTC.

What do you have to say to shitcoiners who claim Bitcoin will fail?

Shitcoiners talk out of their asses all the time. I love this legendary quote: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry” - Satoshi Nakamoto.

**Who is the biggest Bitcoin sell out that deserves to be put on blast? **

Trace Mayer. Imagine building your reputation for years, then ruining it in a span of weeks with Mimblewimble Coin and other nonsense.

**Who are some of the most hardcore Bitcoiners you know and why? **

The most hardcore Bitcoiners are the ones that build, code, and HODL. Nothing beats skin in the game. Big shoutout to the contributors who write and review code.

**What Bitcoin startups or companies are you most excited about? **

Too many LOL. Coinkite, BTCPay, Samourai, Wasabi, River Financial, Unchained Capital, Cash App, Swan Bitcoin, LN Strike, Lolli, Fold App, Blue Wallet, myNode, Casa, and much more.

**What are your goto Bitcoin storage options? **

Coldcard Wallet. I recommend using it with a long passphrase for most people, multisig for the advanced crowd.

Any tips you want to give to people new to Bitcoin?

HODL your own keys, get used to the volatility, and dollar cost average.

Name some of your favorite information sources and/or podcasts in the space.

Stephan Livera, Tales from the Crypt, John Vallis’s Rapid-Fire podcast, Fun with Bitcoin podcast, Bitcoin Pleb Talk podcast, bitcoin-only.com, and of course Bitcoin Twitter.

Any last words of wisdom?

Think for yourself and never give up your freedom.

For more Bitcoin Articles check out www.citadel21.com!

Pirate Beachbum_ has been into Bitcoin since 2014 and doesn’t consider himself anyone special. Over the years he has written dozens of articles about Bitcoin, and interviewed many of the top minds in the space. Most people know him from co-founding a rogue group of Bitcoiners, who call themselves the Bitcoin Taco Carnivore Plebs, with his good friend Hodlonaut._

#bitcoin #savage-bitcoiners #citadel21 #hackernoon-top-story #bitcoin-spotlight #bitcoin-maximalism #bitcoin-price #btc

How to Buy Bitcoins in 2021? (4 different methods reviewed). DO NOT MISS!!!

Here’s a quick guide for buying your first Bitcoin:
Step 1 – Get a Bitcoin wallet
Step 2 – Find your Bitcoin address
Step 3 – Go to Coinmama and choose the amount of Bitcoin to buy
Step 4 – Enter your Bitcoin address and payment information
That’s how to buy Bitcoins in a nutshell. For a detailed explanation watch the complete video, here’s what I’ll cover:

0:51 - Bitcoin wallets in a nutshell
1:47 - How many Bitcoins should you buy?
2:44 - Choosing a Bitcoin exchange
4:53 - Trading platforms vs. Brokers
6:20 - Registration + KYC
6:55 - Moving your Bitcoins from the exchange
7:44 - Bitcoin ATMs
8:31 - Buying from an individual
📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=tuUO-Q4_b5c
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #bitcoins #how to buy bitcoins in 2021 #buy bitcoins #how to buy bitcoins in 2021? (4 different methods reviewed)

11 Ways to Earn Bitcoins & Make Money with Bitcoin (2021 updated)

While there are many ways you can make money with Bitcoin in the end there are no free meals. Earning Bitcoins online take time and money and most methods promising free Bitcoins will not be worth the time wasted on them.

Here are the different methods I cover in this video:

0:18 - Intro
1:21- Micro earnings
2:25 - Owning a Bitcoin faucet
3:11 - Signature campaigns
4:18 - Bitcoin trading
5:16 - Bitcoin affiliate programs
6:32 - Gambling (very high risk)
7:20 - Crypto blogging
8:26 - Offering crypto services
8:46 - Bitcoin mining
10:20 - Bitcoin lending platforms
11:14 - Coin doublers and HYIPs (avoid)
12:22 - Conclusion + flowchart

📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=EoG482doRv0
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #earn bitcoins #make money with bitcoin #11 ways to earn bitcoins & make money with bitcoin (2021 updated)