Bitcoin investors can increase their odds for success by identifying common scams, such as Ponzi schemes, fake ICOs, and fraudulent exchanges. I am making this video hoping that non of my viewers/readers will fall victim to these scammers.
In this video I’m gonna be sharing with you my story on how I lost 6 Bitcoin, basically, I got scammed
6 #Bitcoin today is valued at $162 384,00 ( December 2020)
I was a bit hesitant on making this video but I believe it’s imperative that I talk about it now cause I realized there are so many scammers out there especially now that we on the bull run and bitcoin is at its all-time high
As more and more people get hyped about the skyrocketing price of bitcoin most of them will have FOMO the fear of missing out and that when you are most vulnerable to scammers
I mean in my channel I have seen comments after comments after comments after comments from scammers trying to scam you my audience
By the way, if we just meeting hey 👋 I’m #vusidesigner and in this channel, we make videos on personal finance and cryptocurrencies just like this one
So how did I get scammed? Well, it was through bitcoin mining website, I’m just gonna say this outright if someone says join a bitcoin mining company you should probably don’t!!!
So this is how it happened
The date was 20 August 2017 I send over 6 bitcoin to a company called bitclub network
From April 2014 through December 2019, #BitClubNetwork was a fraudulent scheme that solicited money from investors in exchange for shares of purported cryptocurrency mining pools and rewarded investors for recruiting new investors into the scheme.
I bought 5 GPU mining pools each costing 1.2 bitcoin and I just happened to still have proof of these transactions on my wallet
These mining contracts were supposed to be 5year contract to mine cryptocurrencies like Ethereum, Ethereum Classic, Monero, Zcash, and Dash I believe
As much as I lost money, it’s Important to note must that bitcoin mining is legit and that how new bitcoins are created but it is companies like these that are scamming people pretending to be offering a mining service then run away with your money
I mean it really looked legit and they were paying for the first year and they were even on the bitcoin mining pool explorer
Today when you look it up on the internet Oops
I am making this video cause some of you will be approached by someone asking you to join websites like these and I want you to do your self a favor and do not join
Instead, you can just buy and hold bitcoin I found this mentored to be less risky and more profitable for example this website is offering a bitcoin mining contract and you can see this one is just about $5000
Instead of buying this contract if you took this $5000 and bought bitcoin at the low of 4800 in May this year you would have made a $21 000 profit 7 months later
So in conclusion always be vigilant and for more tips on how to protect yourself check out this video I’m also gonna link it on the end screen
For more tips, tools, and strategies on your personal finance, trading cryptocurrencies, give this video a like and subscribe so you don’t miss any of our future uploads
I will see you on the next one goodbye.