Over the years there have been a lot of bitcoin scams and ponzi schemes flying around the internet world. Some people have been lured into believing these ponzi schemes are legit thereby losing their hard earned money to scammers.
It doesn't take rocket science to figure this out, here are some obvious warning signs below
1. USER REVIEWS
This is the most common tactic to determine how legitimate a particular bitcoin company is. Very few people seem to do their due diligence when it comes to investment programs. Big ROI percentages can do strange things with the human mind.
This is the most common tactic to determine how legitimate a particular bitcoin company is. Very few people seem to do their due diligence when it comes to investment programs. Big ROI percentages can do strange things with the human mind.
2. BITCOINTALK FORUM
Go to this particular forum to do a search about the company. If there's no information or discussion about them, it would be best to avoid the service regardless of how new it may claim to be.
Go to this particular forum to do a search about the company. If there's no information or discussion about them, it would be best to avoid the service regardless of how new it may claim to be.
3. WHOIS DATABASE
This is an online repository of information associated with registered domain names. As a rule of thumb, any Bitcoin company offering investment or cloud mining services with privacy-protected WHOIS records is probably a scam.
This is an online repository of information associated with registered domain names. As a rule of thumb, any Bitcoin company offering investment or cloud mining services with privacy-protected WHOIS records is probably a scam.
Inasmuch as Bitcoin is the future of money, you need to be careful and smart with your money not to be scammed.
Who else is interested to discover a legitimate Bitcoin mining company? Get into the Bitcoin rush now.
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Written By Innocent Ogbeide