Hello Everyone and Good Morning!
I know too many people, who fell to a scam in their first experience with Crypto! For most of them, it was too much to overcome! They now have a bad experience and will not get back up on the bicycle to try again. Of course this is natural in the fact that financial loss affects ones very life, in a profound way!
In order to learn and to help others avoid scams, I often investigate offers and sites that appear tempting and may not be an obvious scam. Many times they are scams and I share this information with others. I especially want to help those who are new or unexperienced, in the Crypto world. After all, they are key to the continuation and growth of the Blockchain/crypto world!
Many scams depend on individuals to broaden their field of victims! They often use referrals as a means to do so. The more referrals that individuals share, the more victims that are exposed to the scam. To make their referral program the most tempting, they will offer high referral fees, and the snowball continues to build! That is, untill they decide to cast their net and run with the money! People often share these referrals and do not realize that they are caught up in a scam! On the other hand, members of the scam teams go out and actively recruit new victims with positive reviews and sales pitches with the refferal links emphasized!
Always remember, if it appears too good to be true then it is most likely some type of scam! In some of my previous post I have gone into detail about certain scams and what to look out for. I will continue to do so in the future! If you have not read my posts, in the past, addressing scams then please follow my blog and read them. Also it might behove you to follow and stay informed in the future!
Thank you for your time and interest!
Anthony