I didn't use this option trade. Because I know how much risk lies behind it. I traded binary option for a few years. And the experience I've had is so bad. option trading is like gambling. It's hard to win here. But if you have good knowledge about trading and money management then maybe you can take profit here. So it is for those who are experienced in trading and can control emotions.

lot of scammers are trying to scam using telegram names. I have already expose many fake telegram ico websites. It is a scammer group that runs this scamming mission together. There is currently no telegram ico and airdrop running. So newbies beware of like these websites.

Reduce supply and increase demand through token burning. However, this does not apply to all projects. There are huge quantities of coins / tokens, there are some serious projects that have the potential to increase the market price if token burn. And the rest of the useless projects want to create hype in the market by burning their unsold token.

Scammers always want to exploit opportunities. The current situation is that people in the world are scared and people want to help each other. And scammers are taking advantage of this opportunity to make money. If we think of the ico scam then we can understand how scammers are scamming innocent people. Now the days of ico are over so scammers are waiting for new opportunities.

How do they give 2% Daily Return? What is their earning source? If they return 2% Daily then annual return is 730%! Now you judge how this is possible. This is a ponzi. No large company can provide such returns. The legit company will never promise to give such a big return. They might pay 2% a year.

Maybe he's a scammer. He is using the threat of the Corona virus to scam people. This is an old scam technique. But he is currently trying to scam using the fear has in people. Since he is requesting money through BTC, he must be emailing to those who involved with the crypto.

Thanks for your quick response. I hope you take action against the scammers. In the future, scammers should not use your template to mislead people. If I find more websites like this, of course I will post on Bitcointalk. Keep eye on Scam accusations board for more fake website like this.

These fake exchanges do not have any trading terminal. If you click on the trading options of their website, they will bring back you home again. Only registration options work on their website. If you register on their website, you will get the deposit address. You have to give the address back to the scammer, he will transfer the fake funds to your account! 

By creating fake exchanges, scamming people is a known tactic of scammers. We have seen many fake websites before and now. It is actually that scammers use human greed. Where people see little profit, they jump there without any proper verification. They lost their money and realized that it was a scam website. I will try to discuss how these scam websites are promoted by scammers.



These websites often use Telegram to promote. If you are in the Telegram group of a major exchange, and are an active member on the group. So here is 90% chance you will get private message from scammer. Scammers will politely chat with you. He would say it as if you really believed he was in trouble. He will offer you a good amount of money, if you help him. This is a trap. He'll say you create an account on this exchange. I am transferring funds from my account. He will transfer some fake funds to your account. Whenever you go for withdraw, they will ask you to deposit 0.02 BTC for verification. If you asked the scammer about this deposit, he will tell you to deposit and verify, then I will give you more money if you success! If you deposit any fund will never get your money back.



Most fake exchanges use the template of CEX.io most of the time. This is one of their most used techniques. If you find a link to such a website, then it is 100% scam website (except CEX.io). I have already posted on Bitcointalk many time about such scam website.

You can check.
[SCAM Alert] Briefcrypt.com offer 0.8 BTC . Beware......

[SCAM Alert] Bitani.org scam exchange....

[SCAM Alert] Bitcomion.com scam exchange.

They are still active. They have been promoting this scam in various popular tweets. Where more and more people respond. Telegram has no official ico ongoing. So beware of such scams.

[SCAM Alert] Bitcomion.com scam exchange.
Description : Scammer have created fake exchange to scam people. 
Category : Fake Exchange.  
Section : Scam Accusations.

No coins are safe heaven. However, if you buy top coins, your losses will be slightly lower if the market goes bad. I would say it would be good to buy eth now. It is cheap now. When the market starts to recover, of course eth will recover also. I kept my BTC and eth hold. I think now Trading is risky.

People have learned from their past mistakes. This is because such influencer has been cheating investors by promoting various scam ICO's. Now people don't trust them anymore. Their words do not affect the market. So no one will listen to them anymore. People are smart enough now, they know where to invest.

What happened: Fake Exchange.
Website:







The scammer will give you this attractive offer by sending a message on your telegram. If you act according to his word. So when you try to withdraw, they ask 0.02 BTC for verification! This is a fake exchange if you send any kind of fund then that fund will never be get back. They send messages in innocent ways to scam people.

 

You provide your proofs here. Which will be easy for everyone to understand. How you became a scam victim on this exchange. Why they locked your account? If you have any conversation with them, please post a screenshot here. Without proof, no one will take action.

It's hard to say for sure now. You probably know how panic the market is now. Everyone around the world is worried about Corona. Corona has spread in many countries in a very bad way. They are now taking various steps to get rid of it. When panic has affected the world and all markets. Likewise, the crypto market has a huge affected by Corona.

Yes. The market will recover in the coming months. If we think about 2018 then we can understand how long it takes to recover the market. The dump of 2018 was larger than the previous market dump. So no need to be too panic here. From now on, the preparations for the next market up.

It's a great time to enter the crypto market. When everyone is panic selling whales buying more. But many do not understand what is happening in the market. Many people are trying to find the bottom, but they not able to find real bottom. Market  will go up again and they will buy again at the top. The market does not always offer opportunities. You have to use the right time opportunities.

I like long-term investments. Because I don't have good trading knowledge. Many times I lost my fund by Swing and day trade. Long-term investment will relieve you of a stressful life. Because swing and trade is very stressful work. All day you have to sit in front of the pc. I tried and did not get good results so now I am looking for long term investment.

It all depends on you, how do you feel safe. If you have good knowledge of trading you can convert. However, I prefer to HODL. Because now the market situation very confusing no one know how to react market in the coming days. So holding on at this time seems to be a good option.