Cryptocurrency
Is there such a thing as a safe cryptocurrency investment?
I’ve been investing in cryptocurrency for around 8 years.
I’ve been scammed more times than I can remember.
Literally.
I’ve lost count.
I’ve come across almost every time of scam there is, which I believe has given me the knowledge to recognize the difference between legitimate and fake.
I lost on Rostex Global, the Rolls Royce of scams in my opinion.
You can read more about them in the link above or here.
There were always red flags associated with CashfX which always looked questionable as they claimed they made their money from Forex trading when in hindsight this was never possible.
Because I cashed out my investments with Cashfx whilst they were still paying, I actually made money out of Cashfx unlike most members and this is something I’ll say more about later as it’s the key to all cryptocurrency investing.
HyperVerse looked highly credible.
They had (allegedly) their own digital asset (Molecular Future) and also claimed to own one of the largest BITCOIN mines in the world, they even featured in an Amazon Prime series on cyrptocurrency but as soon as they stopped paying, the writing was on the wall and the perpetrators behind HyperVerse (Sam Lee and others) have been arrested.
By far and away the most common scam are “plan scams” (see below) and the scams that “invest” your money then expect YOU to send THEM money to the company to access your profit.
I’ve lost and I’ve won where cryptocurrency is concerned so I believe I know what I’m talking about.
I HAVE NEVER INVESTED LARGE SUMS WITH ANY CRYPTOCURRENCY OPPORTUNITY.
And I have limited sympathy with anyone who has.
NEVER invest large sums of money on ANY cryptocurrency opportunity unless you have large sums of money and you don’t care about losing it.
Investing in all cryptocurrrency opportunities is GAMBLING so if you woudn’t put $5000 on a horse then don’t send people you don’t know $5000 and trust them not to keep it.
So the question is “are ANY cryptocurrency investments safe”.
And the short answer to that is no.
Cryptocurrency is unlicensed and unregulated and any cryptocurrency opportunity that “guarantees” lasting, permanent returns needs to be treated with extreme caution.
An obvious red flag are those companies that claim THEY ARE regulated or licensed.
The entire industry isn’t regulated so to claim they are is an obvious lie although Fidocap which I’ll come on to later are registered with Companies House, which is a first as far as I know.
It comes down to RISK, which is what this website is all about.
There are low risk cryptocurrency opportunities like the Ultron Foundation (here).
And there are high risk cryptocurrency that are 100% scams BUT THAT DOESN’T MEAN YOU SHOULD AVOID THEM – IN FACT THE OPPOSITE IS TRUE – IF YOU WANT TO TAKE THE RISK YOU CAN USE THESE COMPANIES AND MAKE A LOT OF MONEY.
Ultra high risk
The internet is awash with “plan scams”.
Most people have seen them.
They promise a 2% or 5% or 10% or 20% or 100% return after 1 day or 7 days or 14 days or whatever it is.
The one above promises 10% after 48 hours so that’s 5% a day.
THEY ARE ALL SCAMS.
EVERY SINGLE ONE.
THERE ARE NO EXCEPTIONS.
And they are scams for many many reasons but overwhelmingly because the returns they offer are impossible to achieve.
Its IMPOSSIBLE to guarantee even 1% a day every day.
The worlds greatest investor – Warren Buffet and his Berkshire Hathaway Fund has averaged around 22% a year over the last 30 years.
That’s more than impressive.
It’s phenomenal.
So ask yourself this question.
Could an internet company that no-one has heard of run by people no-one has heard of, generate a return of 365% a year when the greatest investor in history averages 22%?
And that’s just by a company offering a 1% a day plan.
At 5%, that would be 1,825% a year!!!
Another way to look at this is to ask yourself this question.
If ANYONE had a way of GUARANTEEING even just 1% return in a day – why share it?
If I could generate 1% a day returns why would I want to share that with other people?
Why would I go to the trouble of setting up a website and invite people to send me money to invest on their behalf?
Why not simply borrow £1m from a bank and churn out $10,000 a day profit for themselves which is what these companies claim to generate.
They could make $300,000 a month and pay the service charge on their bank loan of around $36,000 a month and have a fortune left to spend.
Why they DON’T do this is blindingly obvious.
THEY CAN’T!!! BECAUSE IT’S A PONZI SCHEME!!
Every single cent or penny of their funds comes from investors and not one cent or penny is ever invested.
To ANYONE with ANY intelligence, all this is obvious and its insulting to anyone with intelligence that these scammers expect you to believe them but that’s why these scams make money – they target 2 types of people.
a). the greedy
b). the gullible.
People who ACTUALLY think you can get something for nothing in this world without any risk.
Well……you can’t.
There was a time when I used to post YouTube videos exposng these companies but a chance conversation with a contact changed my opinion of them. He said to me – “don’t expose them – use them”.
He told me he’d been using this type of company for a couple of years.
His approach was to invest in a new start-up for no longer then 3 months then get out.
He told me how much he’d made doing this and believe me, is was a great deal and now he’s playing with house money so he cannot lose.
If you understand that this type of opportunity is a scam, then you will be in a position to take advantage of them.
But you MUST follow certain rules.
a). The first and MOST IMPORTANT rule is ONLY INVEST MONEY YOU DON’T MIND LOSING!!!!.
So don’t send them $25,000+ (unless you’re a millionaire or you have more monry than sense).
b). look on plan based investments as a gamble but a gamble worth taking if the opportunity is new.
c). Plan scams need investors and therefore they are safe(ish) when new.
d). After 4 months STOP using them and look for a new startup.
e). Try to build up a fund of winnings so you’re playing with house money.
f). Look at the website and platform dashboard.
If the website looks professional without spelling mistakes, ridiculous claims (like investing in real estate or cannabis production or something else equally ridiculous) and if the company have spent money on setting up the operation with promotional videos, webinars, a YouTube channel and MOST IMPORTANTLY, a REASONABLE rate of return that’s sustainable then why not take advantage of some free money?
But you must ALWAYS remember – IT’S A SCAM and not a legacy company like the Ultron Foundation which you can read about here.
The most recent company I know offering plan returns is Fidocap.
And just to spell this out again – Fidocap is a Ponzi scheme AND not genuine investment company.
You can read about them following the link above or go here.