You are welcome to my article about bitcoin doubling scam that is everywhere today.
To avoid a long reading, please take my advice. It is all a scam. All those sites are scammers. There is nothing like such, it is a way to get you scammed of your Bitcoin.
Trust me, I already tried over ten websites just to try my luck and to satisfied my curiosity, none of them doubled my Bitcoin non return my investment.
All over the world people are being conned into believing that by taking part in doubling bitcoin schemes, they can make a killing in the currency market.
Nothing can be further from the truth as there is nothing like free money.
There are no free lunches anywhere in the world. The higher the amount of promised return by any scheme, the higher will be the risk associated with it.
Any kind of scheme that offers 100% or even 50% returns needs to be taken with a pinch of salt.
Think like a businessman, if you were to get funds from any agency that needed you to deliver cent percent returns so that the agency can reward its shareholders; would you take it?
No rational investor will ever fall into such traps ever and it is strongly recommended that even you do not fall into such, rather there are so many strategies and ways you can invest your money and resource that will yield far better profits.
The problem with Bitcoin is that when you part with your coin you can not get it back, it is gone forever and no one will have mercy on you.
To avoid losing your hard-earned money or Bitcoin, avoid the following messages online.
Run from such websites where you see the following phrases: Double your bitcoin in 10 hours, double your bitcoin in 24 hours, double your bitcoin in 100 hours, etc.
It is a pure scam, you will see a display of great graphics showing ways people are depositing their bitcoin, it is just a scheme to make you believe that people are doubling coins.
If you deposit your coins you will regret it. There are other great and proven ways to make more money with bitcoin than going for money doublers online.
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How Bitcoins Work?
Bitcoin is a borderless currency that is not subjected to any kind of capital controls that other currencies are subjected to.
It is distributed worldwide and is a form of decentralized digital money created to increase the velocity of business transactions in online marketplaces.
In the past five years, the overall acceptance of bitcoins has increased across the globe. And even e-commerce companies have started accepting bitcoins during the check-out process.
Since no government or central authority is in charge of bitcoins, it is exposed to far higher risks than any other kind of financial instrument.
The upside is that it is not affected by economic cycles or slowdown as compared to other kinds of currency.
Bitcoin is the Future of Money
Bitcoin has increased in value from less than a dollar in early 2010 to over $14,000 today (Though, this do fluctuate regularly); the popularity of bitcoin is due to the recent mass adoption of bitcoin and other cryptocurrencies.
This gradually increasing universal acceptance has led to people thinking of gaming the system to make gains through nefarious means.
And one such method is to float a doubling bitcoin scheme to which gullible investors fall far and end up losing all that they had.
Bitcoins help in transferring money between two people that decide to engage in any business transaction. Non-profits are using it to raise money for charitable causes.
And individuals are now more than eager to accept bitcoins when they are planning to transact business across the world.
Bitcoin has broken the third World limitation of difficulty in getting paid online, the implication is that anybody can now do business between them self across the continent.
YouTube Video of a Scam Site – Double Bitcoin
Is Bitcoin Doubling Worth It?
The most important step is to be able to identify what a scam is so as to be able to avoid it, the whole point of this article is to sincerely inform you that you can NOT get your Bitcoin doubled.
Rather, you will only get scammed and get your Bitcoin stolen, indeed this is an online scam.
There is nothing like getting any bitcoin doubled, you will see all this advert online they are everywhere online.
Instead of losing your bitcoin because of your creed, you can invest in buying and keeping top altcoins for long-term investment.
As soon as you release your bitcoin to them as a form of investment, you will never get it back. Every Bitcoin doubling schemes are fraudulent and they will forever be.
Since bitcoins are created through complex mathematical equations which create blocks that are then added to the public ledger. Blockchain technology helps in tracing the source of funds.
Trust levels in cryptocurrency are still low given the hacking attempts being made globally.