Cryptocurrency scams are nothing new. In fact, they have practically been around since the industry was developed almost 15 years ago, but never before have they taken such drastic and varied forms. For example, among the most prominent forms of digital currency scams in recent times are romance scams, which aim to target those looking for love online.
Many cryptocurrency scammers will create fake or fake “love” profiles online. They get closer to their victims and build long-term relationships. They get to know them, make things very personal and clear, and before long (after gaining the trust and attention of their victims), they tell the other parties about new “fantastic” cryptocurrency investment opportunities and that it would be a foolishly avoid getting in on the action.
From there, victims feel compelled to put money into the platforms, and they do. At first, they finally see gains and start to get excited. In many cases, they invest more money when they see the numbers go up, but when they try to make withdrawals or withdraw money, problems arise. They often hear that they should invest more, and before long, they realize what happened.
The platforms were controlled by illicit actors and there is little to no chance of them getting their funds back. Steve Weisman, author of “Identity Theft Alert,” said in a statement:
The elderly are often the target of this and unfortunately they end up losing a lot of money. The cryptocurrency companies that own these ATMs don't want to work with criminals and put the warnings right there on the ATM, which is fine if someone you know is going to give that moment of hesitation.
How to talk to bank tellers
According to him, the fraud in question is carried out through bitcoin ATMs in convenience stores and grocery stores. However, victims are sometimes forced to withdraw money from their banks, and the scammers have given them a list of things to say in case bank tellers ask questions or appear suspicious in any way. Weismann said:
They will tell people not to respond to certain things. That 'No, I am aware that this is legitimate, this is a business transaction.' and it is often very difficult to deter them.
Ultimately, while the crypto space seems to be growing like never before, crime focused on its fringes is also expanding.
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Bitcoin is quoted with a prize in Argentina, with a bitcoin that costs $ 35,000 more than the global price due to the country’s rampant inflation and the strict capital controls. A bitcoin is $ 35,000 more expensive in Argentina than anywhere else in the world, according to the price data of two of Argentina’s largest cryptographic exchanges.
Ripio, which has 4.5 million users, says that the current purchase price of Bitcoin is 13,800,000 ARs. The selling price has a difference of one million ARs, or $ 5,000, with 12.8 million air.
Your nearby competitor, Buenbit, says you can buy a bitcoin for ARS13,738,800.00, or $ 62,000. Bitcoin’s current global price is $ 27,000.
This is the greatest cousin we saw in amounts of dollars; Therefore, to validate, we ask some Argentine Cryptonians who have confirmed that a bitcoin is currently quoted for about 14 million air.
This is because the official exchange rate between USD and ARS is not the market rate. On the other hand, it is only available to employees in the middle of the current market rate of 483.00 air per blue, as Argentines call the real exchange rate to USD.
The officer, Dollar Banco Nacional (Dollar BNA) is in 218, according to Ambitio, a financial newspaper in Argentina.
The tokenized dollar, such as USDT or USDC, is even more expensive than the market rate for 502 ARs per token, according to Buenbit.
The reason is presumably because you can transfer USDT or USDC much easier than money in cash or dollars.
Argentina has rigid capital controls with any individual capable of buying only $ 200 from USD and requires permission to transfer it out of the country. Similarly, companies must obtain authorization from the Central Bank of Argentina to access the exchange markets.
Bestselling personal finance author Rich Dad Poor Dad Robert Kiyosaki predicts a massive rush into Bitcoin (BTC) as he says more people are gearing up for the top crypto asset.
Kiyosaki tells his 2.4 million Twitter followers that Bitcoin will rise over 257% from its current value of $27,973.
He predicts that Bitcoin will eventually trade for $100,000, in part because he believes people will increasingly prefer the crypto king to the US dollar following a series of Federal Reserve interest rate hikes aimed at reducing inflation. .
He also says that Bitcoin is fundamentally sounder than traditional financial institutions like banks, which took government bailouts to stay afloat.
“WHY I USE BITCOIN: Years ago I saw BTC rise to $20,000 and then drop to $0. I thought BTC was over. I slowly watched BTC rise to $6,000 and bought a lot. WHY? Because people support BTC, not the FED or the government. BTC didn’t need the FED or government bailout because BTC people’s money. BTC to $100,000. Long live BTC.”
Bitcoin bull previously predicted that Bitcoin will eventually trade for over $100,000, predicting that the value of BTC will reach $500,000 by 2025.
He said BTC’s rally will largely be fueled by the Federal Reserve’s easing of monetary policy and the injection of liquidity into markets.
“A giant showdown is coming. Possible depression. The Fed was forced to print billions in counterfeit money. By 2025, gold at $5,000, silver at $500, and Bitcoin at $500,000. Why? Because faith in the US dollar, counterfeit money, will be destroyed. Money from the gods of gold and silver. Bitcoin [is] the people’s money. Be careful.”
Kiyosaki also said that of all crypto assets, Bitcoin is one of the most attractive, as US regulators are likely to view Bitcoin as a commodity like gold, silver and oil.
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Investments are important because in today’s world, just earning money is not enough. You work hard for the money you earn. But that may not be adequate for you to lead a comfortable lifestyle or fulfill your dreams and goals. To do that, you need to make your money work hard for you as well. This is why you invest. Money lying idle in your bank account is an opportunity lost. You should invest that money smartly to get good returns out of it. Moreover, when you participate in Multiply BTC’ financial opportunities, you join a diverse and revolutionary global community that has a passion for innovation and growth.
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