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Bitcoin Multiply Times represents an ICO. They raise money demanded for their operations from the investors. In return, the investors are entitled to a amount of gains in the near future. We checked FCA and FTC to find out, if this company is regulated. Unfortunately, we did not find any information about them, which is a huge concern. .
Moreover, this firm also refuses to share any license particulars on their website. They are operating in the shadows intentionally. The only contact information that they feature is an email address.
This stage says that, They've found some kind of bug in the blockchain. Apparently, that defect has enabled these men to scrape themselves a profit each time a transaction occurs.
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This narration will be absolutely absurd for all those of you, who know how cryptocurrencies work. They are trying to manipulate the newbie investors into thinking that, they know what they're talking about.
Unfortunately, many people made the mistake of trusting them and dropped their funds. There isnt any defects in the blockchain as they state, even if it was accurate, then why would they tell it to the public instead of making money for themselves
Earning gains without getting exposed to risk is impossible. However, the only thing you can do is to diversify them so that you have better likelihood of success.
They offer 4 types of investment plans. Profits of 1000% every day is certainly every investors dream, but sadly it will just remain unreal. Cryptocurrency in general gets the maximum amount of volatility, but it does not means these kind of gains are achievable.
The registrant contact details are untraceable. Though, this website has been around for more than a year, there isnt enough information to follow their traffic sources. For additional information about this site, see Scamadviser.com.
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Vast majority of the investment solution uphold transparency. This company operates in this type of unethical way That They're almost unidentifiable. Also, considering the potential risks and the obvious fake return asserts, we strongly advise everyone to steer clear of them.
This platform showcase few testimonials. All the comments are extremely flattering. The alleged early users speak about, how this program helped them earn a lot of money.
However, do not get carried away by these bogus comments from bogus user profiles. In the event, if you were wondering that there isnt any way to track down those consumers.
Bitcoin Multiply Times is probably a ponzi scheme. They May process some withdrawals every once in a while, but it will ultimately end in a dreadful way. official website Whenever an opportunity too good to be true arises, do not make any address decision, regardless of the kind of convincing narration these fraudsters produce. .
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Recently, I have been closely watching the bitcoin scam sites on TOR network that offer dual or 100x bitcoins towards your initial investment and after having many bad attempts, I learnt that these people are very smart at luring innocent customers and ultimately scamming them.For example, have a look at this site that I found on dark net.
There is no way these guys are generating this amount of Bitcoins from nowhere.You may ask me, how can you be sure that those are scams Since, the answer can be found in the open-source Bitcoin code!According to the Bitcoin code, each transaction made is supported by at least 2 nodes and then coded into block-chains.
So how can anyone mine unknown BitcoinsThat is why any site which claims to find some defect in the Bitcoin code is just another Ponzi scheme. Always.WhyThat is just logic.If anyone can multiply their single Bitcoin 2x or 100x, they will only do this quietly. They can simply take their one coin and multiply it till they attain the 21 million Bitcoin limitation determined by its founder.
Every transaction made will be confirmed by some nodes and only the valid ones can enter into a block-chain. So fraudulent transactions can be readily identified by checking the different block-chains. The longest block-chain always wins.Transaction proofs to entice additional investorsThey might have made some genuine transactions to entice additional investors.
If possible ask your friend to get out of it, before he loses everything. One day there and next day gone. This stands for both the fraudulent site and all the invested Bitcoins.Sadly any Coins dropped to all those frauds are lost forever and cannot be followed for example money. So before doing any investment, do the following checks consistently: Check their credentials.
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They might be tricked by the initial high returns.Especially be careful of specifications that require you to introduce new members into the scheme.Also Watch: Hacking Bitcoins The way its done1. Exchanging the regional currency for bitcoinsBitcoins are on a rising trend gaining recognition and traction as online money that transcends borders and traditional valuing of currency.