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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 some amount of gains in the near future. We assessed FCA and FTC to find out, if this firm is regulated. Unfortunately, we did not find any information about them, which is a massive concern. .
Moreover, this firm also refuses to discuss any license particulars on their website. They're operating from the shadows intentionally. The only contact information they feature is an email address.
This stage says that, they have 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 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 since they state, even if it was true, then why can they tell it to the public instead of making money for themselves
Earning gains without getting exposed to danger is impossible. However, the only thing you can do is to diversify them so that you have greater probability of success.
They offer 4 Kinds of investment plans. Gains of 1000% daily is certainly every investors fantasy, 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 site has been around for more than a year, there isnt enough information to trace their traffic sources. For additional information relating to this site, see Scamadviser.com.
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Majority of the investment solution uphold transparency. This company operates in this type of unethical way that they are almost unidentifiable. Moreover, considering the potential risks and the apparent fake return claims, we strongly advise everyone to stay away from them.
This platform showcase couple testimonials. All the comments are extremely flattering. The alleged early users speak about, the way this program helped them earn a lot of money.
But Do click not get carried away by these fake comments from bogus user profiles. In case, if you were wondering that there isnt any way to track down those users.
Bitcoin Multiply Times is probably a ponzi scheme. They might procedure a few refunds every once in a while, but It Is Going to finally end in a dreadful way. Whenever an opportunity too good to be true arises, do not make any decision, whatever the kind of convincing narration these fraudsters come up with. .
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Recently, I have been carefully watching the bitcoin scam websites on TOR network offering dual or 100x bitcoins towards your initial investment and after having many bad attempts, I learnt that these people are really smart at luring innocent users and ultimately scamming them.For instance, have a look at this site that I found on shadowy web.
There is no way these men are generating that amount of Bitcoins from nowhere.You may ask me, how can you be so sure that those are just scams Since, the answer can be found in the open-source Bitcoin code!According to the Bitcoin code, each transaction made is validated by at least two nodes and then coded into block-chains.
Each transaction made will be confirmed by a few nodes and only the valid ones can enter into a block-chain. So fraudulent transactions can be easily identified by checking the different block-chains. The longest block-chain always wins.Transaction proofs to entice additional investorsThey may have made some genuine transactions to entice additional investors.
If possible ask your friend to escape it, before he loses everything. One day there and next day gone. This stands for both the fraudulent site and the invested Bitcoins.Sadly any Coins dropped to all those frauds are lost forever and cannot be followed like cash. So before doing any investment, do the following checks always: Assess their credentials.
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They may be fooled by the initial high returns.Especially be careful of specifications that require you to introduce new members to this scheme.Also See: Hacking Bitcoins How its done1. Exchanging the regional currency for bitcoinsBitcoins are on a rising trend gaining recognition and traction since online money that transcends borders and traditional valuing of currency.