You could lose your money

[TheNineClub]

You can easily lose your hard-earned money if you plan to invest on the following

1. Cloud mining

The bitter truth is none of these so called cloud mining are real, they have no proof that they own any mining farm or whatsoever and later they will exit scam on you while you least expected, what 99% of them do is running ponzi schemes, paying B with A invested money or coins

2. Gold backed tokens

They always claim they have reserve but there is nothing to show for it, also I believe it's almost too good to be true when a project promised that their tokens can be exchange for real gold, really? Just like that? Tokens are dirty cheap to build, so why change that for gold easily?

Do you know how many real gold companies that exists in the world today? No single one of them tokenized their company assets, it's just our wishes that they are true but mind you be careful what you wish for

So the bottom line is that it's not that Cloud mining and Gold backed tokens are the problem, but the fact that providers of these services flat out mislead and lie about how they operate and what they offer as a service. These types of scams are present everywhere, from crypto investments of any kind to online shopping. Maybe some of those options would become viable and legitimate in the future, who knows. But for every legitimate idea, there are 10 bullshit ones.

[Hilde Maa]

well there are so many risks it makes me sad and confused

[AakZaki]

cloud mining is very common and many scammers are hotbed. Many cloud miners run ponzi schemes and also require a deposit to withdraw their income. some do pay but some also commit fraud. Nowadays cloud mining is not that popular anymore. Currently all are switching staking platforms such as Ethereum and the Binance Smart Chain Platform.

[masulum]

...Currently all are switching staking platforms such as Ethereum and the Binance Smart Chain Platform.

This not really different, there are also scammy staking pool with ponzi scheme, since some people doesn't have a lot of coins/token to generate good income, they are join pool. They also need to remember if choosing the wrong service will make them lose their money. Yield Farming also have same issue. Better to choose well known service provider for staking pool than joining in unrealistic offer from new pool.

[Oceat]

well there are so many risks it makes me sad and confused

Doing some research is your first task if you are planning to invest your hard earned money or you can choose to avoid all investment offers that you see. No one is going to force you to invest into something that you don't want to especially if you have no idea what is it all about. Scams are everywhere and you can't avoid it but if you have some knowledge of how scammer people do their job then it's too easy to spot a single one.

The only thing that makes them easy to spot is if they offer a too good to be true results but that's just a lie because they were all good at talking but can't show any results if you ask them. So does a cloud mining too is not what you thought it was only few cloud mining that are legitimate in the past, I don't know if they were still operating today.