Bitcoin: 3 Things To Know About Cryptocurrency Investing | Fortune
Bitcoin has been luring some investors with potentially huge rewardsand scaring others away with equally big risks. Should it be on your investment shopping list on Black Friday? The cryptocurrency can certainly be volatile. Earlier this month, for example, it plummeted 25% over five days after concerns grew that a new currency called Bitcoin Cash, which promises to speed up transactions, would make Bitcoin itself a less attractive payment option. That fear didnt last long. Over a subsequent two-day span, investor sentiment reversed and the price jumped up 18% from its lows; by Thanksgiving, Bitcoin had soared to new highs . Not many investments engender the differences in opinion that Bitcoin and other cryptocurrencies create. Its that volatility, and uncertainty about the technologys long-term viability, that breeds whirlwind days. The currency has turned evangelists and hackers into paper millionaires overnight, while others see it as a fad, doomed to fade as countries add regulations onto whats currently a stateless, bankless Wild West of payment tools. Still, its hard to argue with the short-term results. On New Years Day, a single Bitcoin was worth $964; by Black Friday morning its value had passed $8,200, a gain of nearly 800%. Taken together, the market capitalizations of all the worlds cryptocurrencies, including other prominent players like Ethereum and Ripple, have risen even faster this year. This growth has pushed mainstream institutions to take notice and capitalize. CME Group, the worlds largest options and futures exchange owner, announced it would offer Bitcoin futures by the end of the year. That move would give Bitcoin a level of credibility that established currencies have, and also provide an infrastructure for developing exchange-traded funds (ETF Continue reading >>
The Biggest Cryptocurrency Scam In The World
The biggest cryptocurrency scam in the world Cryptocurrencies are mostly unregulated at the moment, with vaporware projects competing against revolutionary technologies like Bitcoin and Ethereum for investment. This is evident in the case ofBitConnect which is the25th biggest cryptocurrency in the world and has a market capitalisation of over $2 billion. The cryptocurrency was found to be engaging in fraud and thecompany behind the currency has been served a Cease and Desist order by the Texas State Securities Board. The emergency cease and desist order was issued on 4 January and states that BitConnect is engaging in fraud and misleading investors. The term high-yield investment programme is defined as an investment scam that promises unsustainably highreturn on investmentby paying previous investors with the money invested by new investors. With its lending programmes and focus on earning large returns as quickly as possible, BitConnect fits into this definition. The securities board found that BitConnect was committing fraud within numerous areas, including its lending and staking programmes. With regards to the staking programme, the board noted that: Respondent BitConnect is intentionally failing to disclose financial information about the obligation to pay investors who stake BitConnect Coins in the BitConnect-QT wallet, including, but not limited to, the source of funds that will be used to pay investors interest at a rate of up to 120% per year. The intentional failure to disclose this information constitutes the intentional failure to disclose material facts. Its market capitalisation and adoption paired with its classification as a fraudulent investment scheme makes BitConnect one of the largest cryptocurrency scams on the market. The price of BitConnect over Continue reading >>
Wci - World Cryptocurrency International Company
I must say 2017 has been a very tough year. After the loss of a great mentor coach and friend Mr Edward Hartley , the vision became blurry but it was in January ...2018 that I met the newly appointed president and CEO of WCI Mr John Rock alongside top leader mr Cung Joseph Nguyen . That meeting had given me confidence and vision that I have never received in my career in network marketing. And so We have chosen to believe in WCI and make the decision that WCI IS THE VEHICLE THAT WILL CHANGE AND IMPACT MILLIONS OF LIVES. MASSIVE CONGRATULATIONS TO THESE RISING SUPERSTARS FOR HITTING THE RANK OF LEADERSHIP !!!!!! in Africa and the rest of the world leaving out Vietnam.. God couldnt give me a better gift for Christmas WCI is Heaven sent for me. Aft...er working Smartly Hard around Africa from one country to another with My Amazing Hard working Leaders at last we have Created the 1st WCI Diamond in Africa. This is not my Achievement Alone But our Achievement as a whole WCI African Family.. Am so Proud of My WCI Family and My Leaders here in Africa, And I couldnt be where I am right now if it werent for u Guys.. So even though Facebook has been filled with People congratulating me I now redirect those Congratulations back to you Guys.. Love u all so much and lets keep changing Peoples lives and Breaking Records,. Vegas is around the Corner,. See u Guys there Soon,. Big Dreams + Big Actions + Big Risks = Massive Success... Continue reading >>
Beware Of These Five Bitcoin Scams
By Dan Blystone | April 23, 2015 1:37 PM EDT As consumers'adoption of bitcoin continues to increase and a number of major retailers have decided to accept the virtual currency, alarming cases of fraud with bitcoins continue to emerge. Because bitcoin transactions are irreversible and not overseen by a central authority or bank, bitcoins are a popular vehicle for fraud and theft. Bitcoin scams are often initially promoted in online forums or chatrooms, with promoters creating an elaborate front to convince investors they are legitimate. The following are five of the most common scams involving bitcoin: 1. Bitcoin Ponzi Schemes and High-Yield Investment Programs. These scams lure people in with promises of high interest rates on deposits. As with other Ponzi schemes , early investors are paid out using investments from later investors. When new investors stop joining and payments cannot be made, the scheme collapses. These scams last often only a couple of months, but the organizers are prone to simply repeat the whole process again afterwards. 2. Bitcoin Mining Investment Scams. Bitcoin mining involves validating transactions and providing security for the public ledger, known as the blockchain . This process requires extremely powerful and expensive computer equipment. The mining scams typically involve orders for equipment that are paid for in advance and never delivered. (For an in-depth review of mining, see: What is Bitcoin Mining? ) 3. Bitcoin Wallet Scams. A bitcoin wallet is a software program used to store bitcoins. Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. 4. Bitcoin Exchange Scams. These exchanges attract users Continue reading >>
Worldwide Cryptocurrency Investment Review Good Opportunity Or Big Scam?
Home > Blog > Worldwide Cryptocurrency Investment Review Good Opportunity Or Big Scam? Worldwide Cryptocurrency Investment Review Good Opportunity Or Big Scam? Recently, this business has been getting a lot of attention. In fact, there is lots of hype and buzz going around including people pitching it left, right and centre. Ive noticed a lot of people pitching it on social media. Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor. I have all the facts about this business in my Worldwide Cryptocurrency Investment Review so you can learn the full truth about it! I explain in my Review of Worldwide Cryptocurrency Investment before you. We respect your email privacyEmail Marketing by AWeber If you want passive online leads delivered on autopilot, get this free guide to learn how to... If you want passive online leads delivered on autopilot, get this free guide to learn how to... Learn the "Newbie Friendly" 4 Step Process If you want passive online leads delivered on autopilot, get this free guide to learn how to... What The Heck Is Worldwide Cryptocurrency Investment? With Worldwide Cryptocurrency Investments website, you wont find any information in regards to who owns the company, where its being run out of, when it first launched, etc. The domain name for Worldwide Cryptocurrency Investments website ( my-wci.com ) was initially registered earlier this year on January 31, 2017, but the private nature of it means that theres no way of telling who owns it or where the registration took place. After conducting a bit more research, I was able to see that Edward Hartley is credited as being the co-founder of Worldwide Cryptocurrency Investment. This information was found via a promotional video for the company tha Continue reading >>
Cryptocurrency Traders Mistakes Review Top 5 Investment Tips To Use?
Entering the world of cryptocurrency can be like visiting the Land of Oz once you stepthrough that door, everything is different. If you're a crypto trading rookie , you'll learn all too soon that you're not in Kansas anymore, so here are ways to avoid the top 5 mistakes new traders often make. You might have been told never to put your eggs in one basket when it comes to your investment portfolio, but in the world of cryptocurrency trading, it's absolutely possible to have too much diversification, and much too soon. The reason you need to slow your roll in this circumstance is that the digital currency landscape right now is that it's kind of akin to the Wild West there are so many altcoins out there now that it's almost impossible to know which ones are legitimate and which ones aren't. The trick is to do your research and choose widely-distributed coins with high market capitalizations and trading volumes that have shown their longevity. Start with Bitcoin, of course, but then just choose one or two altcoins at first until you've got some experience under your belt. This sounds counterintuitive, but it's entirely possible to end up making less profit by constantly trading. New crypto traders can often become so passionate about the digital currency markets that they spend every waking moment watching price fluctuations and trying to find the perfect trade, but doing so can be utterly exhausting in a hurry. You need to temper that passion with wisdom. The crypto markets are so active that even if you miss what looks like one amazing opportunity to profit, they'll be five or ten more down the line just waiting for you.Trading while you're fatigued can lead to stupid mistakes because you're thinking emotionally instead of logically. The altcoin scene is incredibly vol Continue reading >>
Wci - World Cryptocurrency International
By Ssemakula George Solomon - Wed, 2017-10-25 18:29 In History WCI (World cryptocurrency international) has made it, WCI is transforming the crytocurrency History. Headquartered in USA and Licenced by the US financial authority, with it mining centre situated at Vietnam (due to Vietnam cheaper electricity). WCI not only mines and trades the top 100 cryptocurrencies. It has finally come with its own coin called WCX coin which is valued at $2 per coin right now. 31m WCX coins are projected to be mined and as U read this information right now 11m WCX coins are currently mined .... Know this today!!!! the Next generation of world millionaires are going to come from the cryptocurrency industry, this is why you need to invest now. WCX coin is predicted at $10-$20 before the end of the year. Then Do your math. The wcx coin is going to be the next big booom! In the digital world, WCi is already test running it beta (trial) version of wcx trading platform. Nothing like it before!! Apart from mining its own coin, it has a trading platform, it has an investment platform and affiliate or MLM programme. With WCI all categories of people makes money. ( Traders are people who buy and sell, investors are people who put in money when the price is low and sell in future, networkers are people who put in money and also inform others about the opportunity making them earn alot more via bonuses, it's a win- win for everyone in WCI. That's why WCI we say ..... "Together We Rise" Here are packages that one can purchase, get some WCX coins as he or she is getting daily dividends. This has made WCI a Ferrari in MLM and Cryptocurrency. Read through and choose for yourself. Remember 1 weeks back someone who invested $500 got 150 wcx coins, $1000 got 400 coins, $5000 got 2500 coins and $10000 got Continue reading >>
World Cryptocurrency Investment Review Lucrative Crypto Trading Strategies?
The digital currency known as Bitcoin has been on the rise for some time now. It seems like there are new companies springing up all over the place that are using this currency and mining the profits from the exchange rates. After all, the Bitcoin is near, if not more valuable than gold right now, so why not jump on the bandwagon and try to earn some money from this cryptocurrency? That is where World Cryptocurrency Investment, also known as WCI comes in. You see, WCI is an investment firm that can help you manage your Bitcoins and earn an ROI. According to Who.is, the site my-wci.com was registered on January 31, 2017. Unfortunately, the site is set to private. However, when you begin digging around you will find that Edward Hartley states in a video that he is the co-founder of World Cryptocurrency Investment. When looking into the background of Mr. Hartley, you will discover that he has had his hand in other companies before creating WCI. Before WCI, Hartley was dabbling in OneCoin along with Organo Gold. You will also find that Mr. Hartley once was the VP of Global Sales at Visi. Upon further investigation, WCI is marketed out of Vietnam since Alexa states that is where most of the traffic is originating from. World Cryptocurrency Investment does not offer any retail products. Nor will you find any services. A member does have the opportunity to promote the business model and membership but that is all one can do. World Cryptocurrency Investment Opportunity WCI members can earn money by investing in the company and earning a daily ROI. Depending on which membership level you sign up for determines how much you can make. For the basic level of Bronze, you do not qualify for the daily return on your investment. You have to sign up at the Silver level to begin earning Continue reading >>
World Cryptocurrency Investment Review Legit Company Or Huge Scam?
World Cryptocurrency Investment Review Legit Company or Huge Scam? Welcome to my World Cryptocurrency Investment Review! So, you have been looking for an online business that you can invest in that will give you a great ROI, and youve come across World Cryptocurrency Investment. You want to know if this company is legit, right? It means you are doing your due diligence! This review will provide you with everything you need to know about this company, their products and their compensation plan. World Cryptocurrency Investment Review The Company The World Cryptocurrency Investment company website doesnt provide any information in regards to who owns or operates the business. The World Cryptocurrency Investment website domain was registered privately as my-wci.com on the 31st of January, 2017. A company video from June 21st revealed that Edward Hartley lists himself as co-founder of the company. Hartley does not mention any other co-founder(s). Before World Cryptocurrency Investment, Hartley was promoting several other companies, including OneCoin andOrgano Gold. In early 2016, Hartley briefly served as Vice President of Global Sales at Visi. Online searches reveal that World Cryptocurrency Investment seems to be primarily marketed in Vietnam. World Cryptocurrency Investment Reviews The Products World Cryptocurrency Investment does not have any retail products or services. Affiliates who join World Cryptocurrency Investment are only able to market the affiliate membership. The World Cryptocurrency Investment Compensation Plan World Cryptocurrency Investment affiliates are required to invest funds for a promised daily ROI payout. Silver Invest $500 and receive $3 to $6 a day for 225 days Gold Invest $1000 and receive $6 to $12 a day for 300 days Platinum Invest $5000 and r Continue reading >>
Watch Out For These Cryptocurrency Scams
Click on the Add to next to any video to save to your queue. Click on the Add to next to any article to save to your queue. Click on the Add to next to any podcast episode to save to your queue. Click the Follow button on any author page to keep up with the latest content from your favorite authors. Before you take the plunge into buying Bitcoin or other cryptocurrencies, know the risks. Opinions expressed by Entrepreneur contributors are their own. Unless you've been living under a rock for the past few weeks, you've probably heard a little something about a digital currency called Bitcoin. The price of this and other cryptocurrencies has been soaring , and it's driving a tulip mania-style frenzy on Wall Street. Related: IPOs Are Boring But You Must Keep an Eye on These 9 Initial Coin Offerings There is so much hype about alt-coins lately that there are now reports of people even taking out second mortgages and home equity lines to buy them. The volatility is so great that the Chicago Board Options Exchange (CBOE) halted bitcoin trading twice on Dec. 10 and once again on Dec. 13 , and Coinbase halted litecoin and ethereum trading on Dec. 12. For years, financial analysts have warned people away from cryptocurrency by arguing that it was too volatile to be a safe investment. However, with prices going sky-high, it's hard for investors and entrepreneurs to sit on the sidelines while a major new asset class emerges. However, before people take the plunge, they need to understand the risks. The cryptocurrency markets aren't just volatile, they are also extremely murky and riddled with fraud. Since the launch of bitcoin in 2009, these markets have been plagued with cyber attacks and scams that have cost investors millions of dollars. To make matters worse, cryptocurrency i Continue reading >>
Ico Or Initial Coin Offerings Are An 'absolute Scam': Wikipedia's Jimmy Wales
Initial coin offerings (ICOs) one of the fastest-growing ways for cryptocurrency start-ups to raise money are "absolute scams," Wikipedia founder Jimmy Wales told CNBC. ICOs are a way for start-ups to raise money by issuing a new cryptocoin, while users pay them bitcoin or ethereum. It's similar to crowdfunding but with digital money. This year, start-ups have raised $2.4 billion from ICOs, according to data website Coindschedule.com Wales however cautioned investors from participating in ICOs calling them a scam. "I think blockchain is a super interesting technology but there are a lot of fads going on right now ... There are a lot of these initial coin offerings which are in my opinion are absolute scams and people should be very wary of things that are going on in that area," Wales told CNBC in an interview on Wednesday. ICOs are unregulated and do not provide protection to investors in case of fraud or loss. In September the People's Bank of China declared ICO's illegal and have banned them. South Korea have since joined the backlash against ICO's and has banned them as well . The U.S. Securities Exchange Commission recently charged two companies running ICO's with fraud and selling unregistered securities. However, Wales did say that blockchain will "be with us for some time to come." Blockchain is the technology that underpins bitcoin. It is a distributed ledger that records all of the transactions in bitcoin publicly. Many industries from finance to insurance have talked up the potential of blockchain technology in making some of the processes they do cheaper and more efficient. Digital currencies have gained a lot of prominence in the past year spurred by increases in investment. In August, the total market value of publicly traded cryptocurrencies reached a ne Continue reading >>
Worldwide Cryptocurrency Investment: Edward Hartley Goes Rogue
Worldwide Cryptocurrency Investment: Edward Hartley goes rogue World Cryptocurrency Investment provide no information on their website about who owns or runs the business. The World Cryptocurrency Investment website domain (my-wci.com) was privately registered on January 31st, 2017. Further research reveals Edward Hartley crediting himself as co-founder of the company, in a World Cryptocurrency Investment video dated June 21st. Hartley does not disclose who the other co-founder(s) of World Cryptocurrency Investment are. Before co-founding World Cryptocurrency Investment, Hartley was promoting the OneCoin Ponzi scheme. Prior to OneCoinHartley was an affiliate with Organo Gold . In early 2016 Hartley had a brief stint as Vice President of Global Sales at Visi . At the time of publication World Cryptocurrency Investment is primarily marketed in Vietnam. Alexa estimate that pretty much all traffic to the Wold Cryptocurrency Investment originates out of the country. Read on for a full review of the World Cryptocurrency Investment MLM opportunity. World Cryptocurrency Investment has no retailable products or services, with affiliates only able to market World Cryptocurrency Investment affiliate membership itself. The World Cryptocurrency Investment Compensation Plan World Cryptocurrency Investment affiliates invest on the promise of daily ROI payouts. Silver invest $500 and receive $3 to $6 a day for 225 days Gold invest $1000 and receive $6 to $12 a day for 300 days Platinum $5000 and receive $35 to $64 a day for 375 days VIP $10,000 and receive $85 to $150 a day for 450 days Every 75 days World Cryptocurrency Investment charges affiliates a 35% fee (35% of ROI payments over the past 35 days). World Cryptocurrency Investment affiliates receive a 10% to 25% referral commissi Continue reading >>
How To Spot A Bitcoin Scam
Opinions expressed by Forbes Contributors are their own. Whenever something gets hot, the only guarantee is that scamsters will lock onto it like a heat-seeking missile. The virtual currency bitcoin is no exception. For those living off the grid, bitcoin is a digital currency. Its value, not backed by any government or central bank, is determined by software that few people truly understand. Since few know how bitcoin really works, there have been endless opportunities for chicanery. Social media has provided fertile ground for numerous frauds. Naturally, those who want to speculate in bitcoin want to believe that the currency's value will do nothing but go up in value, but that hasn't been the case. The currency is very volatile and few understand why. According to a recent report by Zerofox , a digital risk monitoring company, there's a considerable dark side to bitcoin. Here are some ways to spot scams: -- Malware downloads. Bitcoin is often used as "bait" to get you to download some nasty software that will mess up your computer. According to Zerofox: "Fake bitcoin 'wallets' hiding malware downloads: Attracting users to click through URLs posted to social media is a technique that ZeroFOX has observed in a variety of attacks. This one uses the promise of bitcoin to lure the user into following a URL that subsequently attempts to download a malware-laden app. We also discovered that fake bitcoin surveys are often used to distribute malware, and we advise caution when encountering any social media URL that is either shortened or not secured with an HTTPS connection." -- Bitcoin phishing impersonators. "Impersonators run rampant on social media, and impersonating the bitcoin brand itself is a tactic that can be used to gain a victims trust and credibility. A phishing Continue reading >>
Cgi Limited Review: Crypto Cockfight Betting Through Coinsinos?
CGI Limited appear to be the parent company of Coinsinos, a self-contained MLM opportunity. The two companies have near-identical websites, so to keep things simple Im going to refer to the opportunity as Coinsinos. Coinsinos operate in the cryptocurrency and gaming MLM niches. The company does not provide a corporate address on their website. The Coinsinos website domain (coinsinos.com) was privately registered on November 11th, 2017. Listed as co-founders of the company on the Coinsinos website are Lorence Irvine (CEO) and Daniel Grenon (Chief Marketing Officer). Lorence Irvine (right) is based out of the Philippines. Prior to founding Coinsinos Irvine was Zija Internationals Country Director for the Philippines. Today Irvine cites himself on Facebook as a Company Advisor for Zija International. Daniel Grenon meanwhile was heavily involved in the OneCoin Ponzi scheme . Grenon was a top Canadian OneCoin investor but left the company following his reported arrest in Tanzania at a OneCoin eventin late 2016. After OneCoin Grenon launched Worldwide Cryptocurrency Investment with Edward Hartley. Following Hartleys death in July, 2017, Grenon renamed the company Worldwide Cryptocurrency International. Today the company is known as World Cryptocurrency International and markets itself as a program you can trust. The company still operates as a Ponzi scheme, however Daniel Grenon does not appear on World Cryptocurrency Internationals WCI-team website page. Grenon was still actively promoting WCI as late as December, 2017. Whether he is still involved in the company is unclear. Prior to getting involved in cryptocurrency Ponzi schemes, Grenon was a top affiliate of Organo Gold . Read on for a full review of the Coinsinos MLM opportunity. the vision of the company is to create Continue reading >>
Btc Global Review - Bitcoin High Yield Investment Program & Mlm System?
BTC Global is a binary trading platform that promises to give you unmatched returns and easy profits. Find out how it works today in our review.What is BTC Global? BTC Global describes itself as a unique investment platform where users can expect to enjoy unmatched returns through binary options trading. The platform has a multilevel marketing-style structure: you need a referral from an existing affiliate to join the platform. BTC Global claims that its exclusive for this reason although really, they allow anyone to join, and there arent a limited number of invite codes. BTC Global launched online on September 25, 2017. The company was launched by a man named Steven Twain, who claims to have become rich through binary options trading. Overall, BTC Global promises to pay you guaranteed 14% weekly returns in exchange for a $1,000 investment. If someone is paying you 14% returns every week, that means you can turn a $1,000 investment into no joke a whopping $910,000 within a year. Thats the power of compounding interest. It also tells us that BTC Global is 100% a scam. Heres what a guaranteed 14% weekly return means: if you give BTC Global $1,000 today, then theyll turn you into a millionaire in just over a year. Right away, this should tell you that BTC Global is a scam. However, lets take a closer look at how it works. BTC Global promises guaranteed weekly interest rates of 14%, daily earnings, automatic reinvesting, and complete transparency on investments. The worlds best hedge funds generate returns of about 20% per year. Theyre backed by the worlds best traders and the most advanced trading software , and they invest in assets all over the world. So how does BTC Global claim to beat every other investment company in the world? How can they guarantee returns of 2% p Continue reading >>