The media coverage of Bitcoin was loudest at two points. When its price reached $20,000 in 2017 and then collapsed sharply, and later when $1 BTC had to be paid for $40,000 in January 2021. Cryptocurrencies led by Bitcoin represent innovative technology and remarkable prospects for the future of economics. This future most often does not tempt with its foundations-decentralization, openness, privacy. Much more often attention is attracted by promises of huge profits in a relatively short period of time. BTC price change in dollars, 2013-2021, source: Coinmarketcap.com Bitcoin scammers A plethora of educational campaigns, newspaper articles and media programs have been written about cryptocurrencies as highly volatile assets. For the most part, these materials warn against investing your entire savings in assets that no one directly controls. Ultimately, everyone has the right to make the decision to invest in Bitcoin on their own. The rise in popularity of cryptocurrencies and the myth that Bitcoin can "make good money in a short period of time", in addition to investors, also attracts another group - scammers, who under the guise of investing in Bitcoin, will try at all costs to extort money from people blinded by the desire to profit. Scams come in many different forms. Sometimes it's threatening emails, "customs" messages, letters asking you to send funds to a particular BTC address, invoking celebrities who make money from cryptocurrencies, or even - direct phone calls from scammers pretending to be employees of a company trading YOUR bitcoin. On Bitcoin.co.uk we have been describing the patterns of the most popular cryptocurrency scams and scams. In this article you will learn how do online and telephone liars who want to get rich at your expense. In the last part we will tell you how you can verify if a given platform [...] [...] [...] [...] [...]
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