Bitcoin Money and Scams

close up of coins
Bitcoin 

I was doing some research for social media and came across an article of where a young student computer was not working properly and when he checked the back of the computer he burnt his fingers on the memory card, it was part of cyber attack to do with Bitcoin fraud.

So, what is Bitcoin? Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

On looking into this further I discover a lot of agencies coming up to support you with getting your hard-earnt money back from these fraudsters at a cost of course.

Some investors had made millions when they first got into the system of course like any investment there is a risk and with any investment there is the high and lows it is knowing when to get in and when to get out, what is your strategy?

A 19 year old student who is a millionaire revealed how he earns more than £40,000 every month working from home Akshay Ruparelia appeared on the This Morning Show, explaining about the Bitcoin Revolution and how simple the idea was with digital currency boom, he demonstrated by taking an initial deposit of £200 or more and the automated trading algorithm would go to work using a combination of data and machine learning , the algorithm would know the perfect time to buy digital assets low and sell high, maximising the users profit.

This was demonstrated by using Holly Willoughby deposit of £200.00 live on the show her funds increased to £323.18 within 3 minutes after 5 days the platform had traded up to a massive total of £630.00 making her a true believer.

Over time it had some negative trade although this outweighed the amount Holly had made, this is the reason the student could retire.

Now there is a lot getting onto the band wagon and cold calling scamming people out of a lot of money, so what is the key to knowing that what you are investing in actually will give you the high return with those that have made a lot of money are at high risk of being scammed out of their investments with the high technology of those scammers.

With cryptocurrency scams going on action fraud is warning the public about the growing problem of criminals using the reputation of prominent people.

Action Fraud is receiving over 21 reports with more than £34,000 to victims these fraudsters are active on social media platforms encouraging you to invest.

Do as much investigating as possible if it looks to good to be true, it probably is.

So, I wandered how are the police able to control this, with the criminals getting away with fraud and hiding in the web of internet.

Like most crimes as a victim they will get a little emotional sympathy and no return on your losses.

 

 

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