When I was very young, my father taught me a very important life lesson. If something looks too good to be true, it probably is. The amazing legitimate gains by crypto investors in 2017 have unfortunately brought forth an ever-increasing number of scams. These scams are designed to prey upon people’s desires to improve their financial situation, to make a better life for themselves and/or their families, and just plain greed.
One of the worst offenders is Bitcoin Doubler. The premise is quite simple. You send them between .02 and 10 BTC and they will send you back twice your original investment in 10 hours. Let’s look at some very simple math: If you took .02 BTC and doubled it just once per day (technically, this site gives you the chance to do so 2.4 times per day) at the end of 30 days you would have 10,737,418.20 BTC. In US dollar terms that’s taking $127.53 to $68,514,357,040.60. In a month. If anyone could actually create wealth of that magnitude on a safe, predictable basis they would win the Nobel Prizes for both Economics and Peace – because they would have solved most of the world’s problems.
If you see Bitcoin Doubler or ANY site that offers to double your money in a specific time without risk they are attempting to scam you. There is plenty of legitimate profit to make here in the early days of the crypto revolution. Do your homework, learn the basics of investing, be patient and you will be rewarded.
Happy to answer any questions that I can about safe and sane investing, evaluating your research sources, how to spot scams, etc. Please share your own experiences with any crypto scam sites. I know this is painful, but the best way to help others is to share your experiences.
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DISCLAIMER: These are my opinions and not to be construed as investment advice. All investments in crypto carry substantial risk and should only be undertaken with money that you can absolutely afford to lose. Consult your investment adviser and/or significant other before making any investment in anything.
