Global financial markets evolve in cycles that span decades. With the current volatility in the world, many pundits are openly saying they are nearing the end of the next growth cycle and many assets will be able to weather a spectacular decline. Bitcoin’s price is still highly correlated with the stock market, and a stock market crash would have a negative impact on major cryptocurrencies as well. Fortunately, investors have the opportunity to grow their capital in cloud mining. However, there are a lot of scammers in this area and for newbie’s they can lose all their investment. Look for these 10 signs to avoid falling into the temptation of fake projects.
INFORMATION ABOUT THE COMPANY
A reason to think before investing is that websites currently lack complete information about the company. Scammers can post fake addresses, contacts, and registration locations. Most mining platforms that are not transparent (no videos or photos of facilities with equipment and no hash rate data) are likely scammers. Scammers may post other people’s photos on their own girlfriend’s website or steal needed photo stock. If at least one fact of deception is confirmed, we strongly discourage the use of such platforms.
NUMBER OF WAYS TO REP;LENISH THE ACCOUNT
If the cloud mining platform website does not offer you various ways to deposit money into your account, you may have scammers in front of you. In practice, when making a bank transfer, both parties to the transaction must disclose personal information about themselves to the bank, which of course the scammers cannot do. In rogue mining platforms, she is often the only acquirer. Meanwhile, cybercriminals freely accept investments in cryptocurrencies. Mining scam recovery is possible by gathering the past files and contacts.
COMMENT FROM BOTS
The fifth sign of cloud mining scams can be different. On the one hand, there are numerous positive reviews on various sites, most of which have been repeated by other authors. To identify such comments, type part of them into the Google search box. Search engines return results with the same rating. Comments and reviews on scam platforms, on the other hand, can be left by real people. There can be both negative and positive reviews from users, and we can understand customer satisfaction with the services provided.
HISTORY OF THE PROJECT
Everything is simple here. The younger the company, the less reliable it is. Admittedly, it can be very difficult to determine the actual age of a project. In this case, the first thing to do is check social media posts on behalf of the platform. Also look for mentions by date and hash tag (the latter being related to his Twitter). If the mining company’s first reports appeared months ago, they could be scammers, despite management claiming they have “great experience in the business.” . You should also check the cloud mining platform website yourself. Use Cutest at or Similar web. Here you can see the domain registration time, number of unique his users per day, server location, etc. the formula is the same. Recent domain registrations with questionable statistics point to possible fraud.
GUARANTED HIGH RETURN
The crypto market has attracted a lot of people with the rapid growth of Bitcoin and Altcoins. However, contrary to popular belief, making money here is not so easy. The first signs of fraud are 100% income guarantees, exact amounts, or excessive interest rates. Sometimes the situation reaches the point of absurdity. Scammers offer huge payouts that should pay off within almost a few weeks regardless of the size of the client’s investment. Advertisements that appear to guarantee short-term absolute profits, or unreasonably high and attractive referral fees.
The above signs will help you decide if cloud mining is real or a scam. Therefore, if the platform does not have accurate contact information, management information or a photo of the mining centre, we recommend avoiding such projects. . Please note that the competition for Bitcoin mining is increasing day by day. Companies and investors with “big pockets” are interested and committed to Bitcoin. Also, don’t forget to look for ratings and reviews about the site. they help a lot. Luckily for the readers of this article, we’ve simplified the selection process as much as possible. Finally all the victims approach to the authorities please reclaim my losses .