We can question ourselves why investors or companies are reserved working with cryptocurrencies. Answer lies in a fact that there are many sites which want to earn on easy way and to school the newbie's that they have a lot of to learn. And the trick is there.
When you came into new area of interest, you are not aware of the predators. Most people are starting to see the pink advertisements and they hope to earn. But, other people also see that bright side of cryptocurrency path to success, and know how to use it to trick you and earn for them self's.
So, where to start. Coz there are a lot of tricks in there.
First of all after you set up an wallet, buy some coins and see them in your wallet, you say:
-Cool, now I need to send and receive coins, right?
And you get to the first search how to earn cryptocurrency. You will learn hard way, using faucets or micropayment and you say that is not worth it. And you go for more. That is the way to came to the first scammers that can double or triple cryptocurrency. So, you know how to send coins from your wallet and you sand easy. But, unfortunately you isn't going to receive any coins back. So, you have been tricked by those scammers. Even though many don't want to admit anyone falls on this at the beginning.
Next thing is to invest in a kind of cloud mining online sites, like xxxminer.io or something. And you invest in plan, see how your coin balance raise and you expect that you will return your coins, or double them. But, that is not going to happen, because you will get tired to understand how to make referrals or to increase your capability to be able to withdraw your coins. If you are consistent at least you may return some of the coins you spend, but mostly you don't win even though there are many payment proofs on their sites. This is scum scheme where your balance rise but you can't windrow coins or if you withdraw you have to do a lot.
Also problems are online scum wallets sites, that might vanish and you lost your coins if you don't have kind of a backup set. I have wrote on my previous post about this.
As a good crypto scum engineering are sites that provide cloud mining that is related to real hardware mining facilities (mining data centers), so you lease an equipment to mine coins for you. You choose a plan, expect that you will get back your coins after some time, but in a meantime there are changes in a coin price, there are changes in mining difficulty, even electricity costs and if you want to take your targeted goal you must buy better plan, so you spend more monthly and you are really stuck to that cloud mining provider for a time. If you have money you can handle, but if you want to use one plan, then there will be long period until you get even, so you have to be careful, because no one will teach you what you get into.
Final attempt to lose your money is playing with coin sites for investment. You can invest, but you might be disappointed if they told you that you lose your coins because of some reason. This is playing ground and is not for beginners, so you be aware of it.
Anyway, before you try to send coins to someone and expect more coins for return, check if that site is a scum, check forums about testimonials, check if you are able to see who is owner of that site, are you able to contact them and how you might contact them (avoid anything suspicions) etc. Anyone will say, I lost but that is not so high (even though there are examples of high loses) and you give up chasing who tricked you.
And finally, if you try to send coins somewhere for an reason to earn, hope that you isn't going to be fooled.
