There are basically two kinds of people in the crypto world today: scammers and their marks. Not a scammer? Well, then, you’re a mark.
If you haven’t already fallen for one of the multitude of crypto scams out there, here’s a quick guide to identifying a scammer. If you hear somebody saying any of the following things, run – don’t walk – in the other direction.
Buy Bitcoin (or any other crypto) and hold (or hodl) it. The only reason crypto has a market value beyond its use for criminal transactions is for speculation. And how do scammers make money speculating on something that is inherently worthless? Convince other people to buy it and not sell it – until sometime after the scammer sells their own stake, of course.
Read the entire article at https://dailyiconews.com/crypto-skepticism-of-the-week/things-crypto-scammers-say/jason-bloomberg/2019/05/16/.
Jason Bloomberg neither owns, nor plans to own, any cryptocurrency or other cryptotoken, either long or short.
