1st, BITCOIN is NOT a company nor a platform. It is a digital currency.
2nd, Bitcoin is NEW kind of Money, started 2009. It is DECENTRALISED.
No one has the control to do it but you will be reprimanded if caught doing illegal business.
-Money can be used in fraudaulent activities to trap victims.
source
3rd, NEWS should be SENSATIONALIZED. If there is no unique subject, it won't be the talk of the town. Due to the popularity of BITCOIN, the said cryptocurrency can be the subject of wrong speculation and biased reporting.
It is a wrong way to use the word 'BITCOIN' in the alleged 'Bitcoin Scam'. Due to GREEDINESS of money, people got involved with the company involved for being promised to have their money doubled in two weeks. They didn't even care how that company could sustain its operation. People were blinded of the PROMISES, the high yield interest or return of investment in TWO WEEKS. In this case LACK OF CRYPTOCURRENCY EDUCATION is the missing link.
The "ALLEGED LOCAL COMPANY" collected money from the public without a legit business platform to generate profits. This is simply constant conception of what had happened from the previous firms. the sole distinction now could be they use the renowned digital currency that is bitcoin.
What do we need to do now? Let us Educate ourselves about the latest innovation in the financial world because if we keep on listening to negative news we might be left behind and miss the freedom that we always wanted to achieve.
Be keep to analyze a platform on how it could sustain its operation. If a certain platform promises to double your money in 2 days or more, stay away.
Be Informed... Be Educated...
DON'T BE AN IGNORANT.
Follow me I am follow back you.
nice post keep it up! ;O)
Thanks for sharing this article for bitcoin lovers.
thank you for comment @farhan.sidiqui
@cryptoinvestinfo @md-abed
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