Bitcoin scam or easy money?

Are these bitcoin guys legit?? Like they say they can turn $25 into $250 in 7 days?

either betting or investing so its luck if you get your money back let alone profit

30-05-2018, 01:32 AM

baboo123 Wrote: Are these bitcoin guys legit?? Like they say they can turn $25 into $250 in 7 days?

Its not like that, its more like betting in luck, but in very complicated way, you buy now, and hope on the future the price will rise.
For "Legit" it depend on country you live in, in my country, bitcoin are in "gray" not white or black, not legal even illegal, just gray.

Seems like a scam. They'd turn $25 to $250 then you'll think "oh shit this is legit" and then you'd think "If I give him $1000 I wonder how much he can flip it to." Then after you sent it you won't see him again. Seen this type of scam done in many places.

30-05-2018, 09:30 AM

Starfola Wrote: Seems like a scam. They'd turn $25 to $250 then you'll think "oh shit this is legit" and then you'd think "If I give him $1000 I wonder how much he can flip it to." Then after you sent it you won't see him again. Seen this type of scam done in many places.

PogChamp, so you give them 25$ they turn it into 250$ and then you just go away.

ez money

Well, there's plenty of Bitcoin "HYIP" (high-yield investment program) sites... they're basically just ponzi schemes, but some do actually pay out (to the people who get in early enough, anyway)... the people who join later get fucked. As with anything, but especially with these sort of sites, don't put in more than you're willing to lose.

Most of those are ponzi schemes (Similar to BitConnect I'm assuming) and if you mean trading then that is entirely market pyschology and luck, there are no guarantees on whether the price will go up or down but if you know how to read the market and you consider the news you will be able to make educated guesses. Also, if you own most of the market share you can easily manipulate it in an endless cycle. If you own most of the market share and then sell, it causes the price to dump/"correct" itself due to demand and supply by increasing the supply in the market drastically, however the demand remains the same so the price decreases. This results in news outlets reporting that the price is going down or crashing etc. which results in unexperience traders selling due to them being scared, and whenever you think the price is low enough, you buy a lot more of that same currency to take it off the market which causes an increase in price and news outlets reporting it causing unexperienced traders to buy again. It's a vicious cycle that wealthy investors are able to enjoy. If you are able to read the charts or get information, you'll probably also be able to make money off it.

bitcoin is not a scam and he is not easy money you most learn about it if yuo want to make money .

They're not a scam but it's not that easy to make an income on with. You need to master and predict the market fluctuation of this currency. Not easy stuff.

This scam known as BTC Doubler, Ponzi Scheme, Pyramid, and etc but none of them actually legit, only fool would use their services.