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Author Topic: How to know if a bitcoin trading is worth trusting?  (Read 494 times)
HarmonyA
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January 23, 2020, 09:13:09 PM
 #81

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.


So, my question is - how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

Don't get involved in get rich quick venture,  it will definitely swallow your investment.  If profit making is that easy, they will keep the secresecret to themselves.
Don't even give it a second thought,  its definitely a shame. People can only Mentor you on how to become an independent trader, and not money doubling through such means.
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BuNga_cute
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January 23, 2020, 09:33:57 PM
 #82

Be careful of group trading on telegrams that offer rewards or profits to good to be true, because such a thing is
characteristic of scams. If that kind of thing, there is nothing in trading to get 10x profit within 5 days. As offered
the group is very instant, investing $ 500 and will get back $ 5,000 makes no sense to me. Things like that are very
clearly the actions of scammers.

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January 23, 2020, 11:51:38 PM
 #83

If you depend on some else to determine the direction flow of your capital, then you are welcome to the losing club. That telegram group should be reported and it is a professional scam to deceive newbie like you of what is not obtainable.

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thesmallgod
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January 24, 2020, 04:51:41 AM
 #84

I can bet with you that 99.9% of them are not true. This is very common on telegram. You get added to a signal providing group and you will be promised of making good return on investment from the signal they will be giving out. The truth of the matter is that many of these groups are working in coordinate with aim of pumping a particular coin and using somebody like you as leverage. They will have many of the similar groups so, in all the groups, they will drop a signal about a particular coin so when you rush to go and buy, you will just discover that the price you are buying might be the highest price the coin will ever reach before it starts to fall back and before you know it you will end up losing your money. This has happened to me in the past. be careful.

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January 24, 2020, 05:14:49 PM
 #85

I can bet with you that 99.9% of them are not true. This is very common on telegram. You get added to a signal providing group and you will be promised of making good return on investment from the signal they will be giving out. The truth of the matter is that many of these groups are working in coordinate with aim of pumping a particular coin and using somebody like you as leverage. They will have many of the similar groups so, in all the groups, they will drop a signal about a particular coin so when you rush to go and buy, you will just discover that the price you are buying might be the highest price the coin will ever reach before it starts to fall back and before you know it you will end up losing your money. This has happened to me in the past. be careful.
People who get caught by the scammer’s techniques are those who do not have enough knowledge of the market and its working. Only few people get the knowledge of the market before starting investments. This is also one of the biggest reasons behind increasing crimes in crypto market. When people don’t understand the strategies they don’t realize that they are moving toward the wrong way.

 
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