The easy to spot
If you look at the picture you will see an article from CNN tech where they are claiming that satoshi nakamoto the creator of Bitcoin is launching a new software that will destruct US dollar and the euro and at the bottom you will see a breaking news the creator of Bitcoin finally revealed. So let's start taking this article apart and let me show you how to spot this scam, lets look at what they got right:
Screenshot_20171203-180229.png
CNN tech’s logo is the right one
CNN tech Actually got something called “startups”
And the format looks almost right
And what they got so wrong
Let's look at the review of Satoshi Nakamoto is that were true you would actually have heard of it in mainstream media and YouTube would be on the other end with videos about ho Satoshi Nakamoto really is.
The picture Have the face of the so called satoshi nakamoto covered with a bitcoin logo in an article I have never seen CNN cover the face of the person they want to show.
Nothing at the top you will see just below the subject line a web address saying: theawesomepets.com Taking this address apart does not resemble CNN Tech’s web address Which actually is: http://money.cnn.com/technology/
And as you might have noticed it is some of the big things that they have got wrong, And the easiest way to spot some of the wrong things about an article is to look at the web address and if it doesn't match what you would expect if in doubt then make a Google search for the media outlet and see what web address comes up with.
When the alarm bell needs to ring
The more difficult scams to spot is the one looking like genuine sites and market themselves as a new site, i have used https://bitcoindoubler.expert/ not saying it is a scam but it gets my alarm bell to ring. First of all they catch your eyes with a phrase of doubling your bitcoin in 10 hours, clicking in on their ad shows me a site where the first thing they state is
200% investment return with our 10 hours investment plan, Fully automated payouts, Only 0.01 BTC minimum and 10 BTC maximum investment limits
The reason why this phrase set off my alarm bill is that if it were that easy to make that many bitcoins in such a short amount of time three things as I se it would destroy the system first of all everyone would be using the system to double that bitcoin and that leads to the secondary problem, the system would undermine itself and therefore collapse when everyone can make that many much money in that amount of time, and the third problem why not use it yourself to gain massive earnings, why let other people in and potentially ruin their money machine, by driving prices down.
Looking at the side it's not clear who is behind the side unless you click support once you have take the support button you will be given an address and a company called BITCOIN FINANCE LTD Which is registered in the UK this is meant as being Issue of legitimacy, But if you google the address that they give you “78 Canterbury Rd, Sunderland, United Kingdom” You'll get up the map and the exit to look at street view I'm looking at Google Street View you'll see and empty that we are there officers should be and setting up a company in the UK it's not that difficult and does not necessarily mean you are liable for any misconduct, and LTD Means that the company may have a limited guarantee, And at that the members Not liable for more than they have invested in the company. So unless you in a court of law can prove that it is a Ponzi scheme you don't stand a chance to get your money back if they liquidate the company. On the other hand it could actually be a companies that are pretty good investing have no money to start up they will borrow your money for 10 hours triple there earnings and thereby able to pay you back the double amount of what they borrow, Normally when you invest in other people's investment they will pay you back ,2%, 3% maybe even 4% in interest not 100%
It is to good to be true
Remember to do a proper research before investing into anything and if it sounds too good to be true it most likely is investing directly into currency is one of the few ways to a More than double the profit but most of the time not within 10 hours and as we have seen with bitcoin it has Gone up over 1000 percent in one year.
Remember to invest smart into products you know and subscribe to our mailing list at www.cryptoms.net so you can get even more information and even more knowledge to help you navigate cryptocurrecies