How to know if a bitcoin trading is worth trusting

Updated on January 24, 2020 in Cryptocurrency News
7 on January 24, 2020

Hello all,

I am new to this whole bitcoin thing and know very little about it.

A few days ago I got added to a Telegram group which is run by a bitcoin & binary trader.

I am being proposed 100% ROI, with the trader claiming 95%+ success rate.

If I invest $500, I will get back $5000 within 5 days.

So, my question is – how do I know if this is legit or not before investing?

Their fees would be 15%.

Thanks

 
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0 on January 24, 2020
I’m certain that’s a scam. Report the group and leave. The offer just doesn’t make any sense. If anyone could 10x their investment why would they ask for your money? Besides, trading is not that easy. You just can’t make your balance 10x in 5 days.
 
 
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0 on January 24, 2020

A rule of thumb would be to use your common sense. Why would someone who is able to double his money in just a few days spend his time looking for people’s money? It is an obvious scam and you should acknowledge the fact that 99.99% of this kind of offers are scams. Think about it: the biggest hedge funds in the world are very happy and exalted with a 15-20% annual return and they have many experienced traders working for them and scooping the markets for opportunities.

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0 on January 24, 2020
Rule of Thumb in any trading. Never do greed
If they can give you 5000$ for 500$, why they are doing on Telegram group. They must be billionaire and enjoying life.
No need to DYOR on this project. Just leave it, its defiantly a scam or ponzi.
 
 
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0 on January 24, 2020

There is no investment that guarantees your profit 100% in 5 days. except just wanting to fool you. and 100% profit only exists in trading with the lucky coin you choose. don’t believe in such things.
there are several paid trading signals. but accurate returns are only 2-5% per day. if there is more than 50%, believe me. it’s just a trick to take your money

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1 on January 24, 2020
No one in the world could possibly earn around 500 to 5000 dollars in just 5 days, or else you would invest in the time frame from 2017 of november and cash out from december 20… Though, with other platforms of investment without you having the private keys, I don’t think you should entertain them, because this forum will open and enable yourself to learn how to avoid scams and frauds, if you wouldn’t mind, I suggest you to visit beginners thread and visit your local board too.
 
on January 24, 2020
in crypto it is not a get rich quick scheme, here the average income grows and it is not easy to get fast profits except when the market is growing. and although in an improved market condition we also cannot always get quick profits and in crypto must have the ability to trade or invest in markets that have high risk.
 
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0 on January 24, 2020

seriously the return was 5k usd for 5 days  ? wow i think that was a lot for a small capital and for a limited amount of time only  but thier fees 15 percent was i think also high  .  but by the way , are the fees paid first right after you start thier program or itll be paid later once you already succesfully get the profit for your capital   ?  if it paid first then ill think twice and do a background check first because the offered income was too promising already and not normal for a legit investment program .

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