Bitcoin investors at risk from rise of cryptocurrency scams, fraud


>>MARIA: WELCOME BACK. MORE BITCOIN BUZZ. BIG NAMES DESCENDING ON NEW YORK CITY THIS WEEK FOR THE CONSENSUS CONFERENCE TO TOUT THE BENEFITS OF CRYPTOCURRENCY AND BLOCK CHAIN. IT’S CALLED BLOCK CHAIN WEEK. THE SECURITIES AND EXCHANGE COMISSION LAUNCHING A FAKE WEBSITE ABOUT INITIAL COIN OFFERINGS TO WARN INVESTORS ABOUT THE RISK. JOINING ME RIGHT NOW IS DAN MOREHEAD. THANK YOU FOR JOINING US YOU’VE BEEN AMONG THE FIRST BELIEVERS IN BLOCK CHAIN AND BITCOIN, YOUR DIGITAL ASSET FUND OUTPERFORMED BITCOIN IN APRIL. TELL US ABOUT THE FUND.>>THE FUND IS BUYING BITCOIN AND ALL THE LIQUID CURRENCIES. THERE’S ABOUT 60. IT GOES LONG AND OCCASIONALLY SHORT BASED ON THEIR VALUE.>>MARIA: HOW’S IT GOING?>>SINCE DECEMBER 1st BITCOIN IS DOWN AND THE FUND IS UP 45%.>>IS THAT BECAUSE SOME OF THE OTHER COMPONENTS OF INDEX ARE UP? OR IS IT JUST YOUR HEDGING STRATEGY?>>IT’S NOT JUST BITCOIN. WHEN YOU BUY THEM RELATIVELY CHEAP AND SELL THEM WHEN THEY’RE UP, YOU CAN MAKE MONEY.>>WHAT COMPANIES SHOULD WE BE LOOKING AT OR WHAT CURRENCIES?>>YOU SET UP A HUGE PORTFOLIO, IT’S LIKE THE I.P.O. BOOM IN THE ’90S, THERE’S A LOT OF INTERESTING THINGS. YOU SHOULD OWN SOME CRYPTOCURRENCIES THEMSELVES, LIKE BITCOIN, INVESTING IN A BIG BASKET OF ICOs IS PROBABLY SMART AND VENTURE COMPANIES THAT ARE USING BLOCK CHAIN TO HELP CLIENTS DO SOMETHING BETTER, FASTER, CHEAPER.>>DAGEN: I>>DAGEN: THE FRONT PAGE STORY IN THE WALL STREET JOURNAL, THEY DID THIS VAST RESEARCH PROJECT, LOOKING AT DIGITAL COIN OFFERINGS. THEY LOOKED AT 1450 DIGITAL COIN OFFERINGS AND FOUND 271 THAT SEEMED TO SUGGEST THEY’RE FRAUDULENT. THEY FOUND RAMPANT PLAGIARISM OF THE OFFERING DOCUMENTS, IDENTITY THEFT, PROMISINGS THEFT, PROMISENGS THEFT, PROMISESGS THEFT, PROMISES OF IMPROBABLE RETURNS AND FAKE EXECUTIVE TEAMS AND OF THOSE WHERE THERE WERE PROBLEMS, THERE’S $1 BILLION INVESTED IN THOSE COIN OFFERINGS. THERE’S DANGER THAT THERE’S MAN I’LL — MANIPULATION AND FRAUD. PEOPLE POURING MONEY INTO THEM DON’T KNOW THE DIFFERENCE.>>THERE’S FRAUGHTED IN>>THERE’S FRAUDHTED IN>>THERE’S FRAUD IED IN>>THERE’S FRAUD IND IN>>THERE’S FRAUD IN EVERY TYPE OF INDUSTRY. THE S.E.C. HAS CRACKED DOWN IN A FEW OF THEM ALREADY. A LOT OF PEOPLE SAY THE ICO THING IS LIKE THE IPO THING IN THE ’90s. THE HUGE DIFFERENCE IS THEY’RE TECHNICALLY COMPLICATED. BED FOOD ON THE INTERNET, I KIND OF UNDERSTOOD WHAT THAT WAS AND BOOKS ON THE INTERNET, CHECK, FIGURED THAT OUT. BUT HERE THESE THINGS ARE VERY TECHNICALLY COMPLICATED. UNLESS YOU HAVE A STRONG TECHNICAL BACKGROUND AND YOU HAVE A LOT OF TIME YOU WANT TO DEVOTE TO THIS, IT’S SAFER TO BUY BITCOIN, XRP AND KEEP IT TO THE BIG BLOCK CHAINS.>>MARIA: PEOPLE ARE WANTING TO FIND OUT, YOU’RE IN NEW YORK THIS WEEK BECAUSE OF A BLOCK CHAIN CONFERENCE, SAME CONFERENCE LAST YEAR WAS 3,000 PEOPLE AND THIS YEAR?>>IT’S 9,000 PEOPLE THIS YEAR. IF YOU DIAL IT BACK, IN 2013 THERE WAS LIKE 200 PEOPLE IN A

11 thoughts on “Bitcoin investors at risk from rise of cryptocurrency scams, fraud”

  1. To surmise crypto are fast becoming a highly traded commodity and cryptocurrency trading is very volatile. Gone are the days in which a person could buy Bitcoin for under $20 per coin but there is still money to be made. Learning to day trade Crypto can still turn a tidy profit if one follows trends and becomes well versed in the specifics of each coin. So, go out, be patient and diligent, and make money! I've been trading cryptocurrencies for 2 years now and I can say that over $200 billion dollars was made worldwide and has made millions of traders rich. I trade LTmC, BTC, ETH, BCH, BCC etc. I can guide and assist you with any informative
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  3. INVESTEER EN KRIJG WAT JE NU WILT
    OMDAT VOOR HET EINDE VAN DIT JAAR BITCOIN NU 40.000 dollar kon verdienen, INVESTEREN.
    MET HET GEBRUIK VAN DE BITCOIN MIJNBOUWSOFTWARE (BFG MINER $ CG MINER). U ZEKER ZIJN VAN 98% WINSTEN EN U KUNT EVENEENS PERFECT VOOR ZELFSTANDIG HANDELEN, ZONDER ENIGE STEUN. ALS JE ERNSTIG GEÏNTERESSEERD BENT, MAIL ME @ [email protected] EN IK ZAL JE LATEN ZIEN EN BITCOIN ZONDER STRESS BEHALEN.

  4. Check this infographic on How to Spot Cryptocurrency Scam – https://noahcoin.org/blog/how-to-spot-fake-cryptocurrency-infographic/

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  6. i also lost about $175.000 to an IQ option broker and 2 fake binary option website as well but i am sharing my experience here so as to enlighten and educate everyone that is loosing money or has lost money to a scam including binary option,dating scams and fake ICOs.
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