little crypto guides

1001 kinds of scams

1001 kinds of scams

There are many scams. Just see the "visit" for new bitcoiners "on right, you can see the carlos matos meme, he looks like a good joke but he stole millions"

So, it is the beginning of this article about kinds of scams

 

1 - HYIP, classic model

We can't talk about scams without mentioning HYIPS

They always say the same thing "give 1 bitcoin and I will give you x% per day for a defined time"

examples : bitconnect, cloud-minings

 

Evolved version : Bitcoin doublers

Scams are like pokemons (nintendo, please dismiss that), it can evolve. Bitcoin doublers are just very sample versions of hyips. Why giving x% per days, wait for unlock... when we just have to say someone to give some coins and exit with his money

example : I don't have example, it will deprecate shortly (they exit very fast)

 

3 - Fake exchanges

I think that you understood the title of this part, fake exchanges are same as exchanges, but only deposit fully functional, withdrawal often has problems/restrictions

example : tradesatoshi

 

4 - Bitcoin generators

Have you already seen ads for bitcoin generators ?

They will let you think you can make many money, but, then, they will ask you to pay "tx fees", and never send "generated" coins

example : just search "bitcoin generator" on google

 

5 - Readers who doesn't tip

This part is a joke. But I spend some time for writing article and (trying to) making it interesting, and seeing very little tips is a bit demoralizing.

 

So, please tip and give me a thumbsup, I find that very rewarding

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yanis
yanis

I'm not afraid of the matrix, I AM THE MATRIX (pure code here)


little crypto guides
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