Is Bitcoin a Scam?

Bitcoin is not but you should be careful with bitcoin transactions. Just like you cannot say Naira or US Dollar is a scam because it was used in a transaction to scam you, so also you cannot say Bitcoin is a scam.

Here are the 4 common bitcoin scam tricks you need to spot and avoid:

1. Bitcoin Doublers: These are the one that will tell you "Buy $100 and get $1000 in 2days". Nothing like this exists in the cryptocurrency market.

2. Deposit Bonus: These ones will tell you to deposit a certain amount of Bitcoin to receive a reward. A lot of people fall for this scam because it always looks so real.

3. Giveaways: They will ask you to drop your bitcoin wallet to receive the giveaway. On social media especially on Twitter, some Imposter twitter account will comment "hurray! I have received my reward, click here to get the same". Do not fall for this.

4. Casinos: They ask you to play to win. This scheme makes you think you just won a big amount on the casino and to make a withdrawal, they ask for a deposit.

Do not click on just any site because of a giveaway.
Do not drop your wallet address on every comment for fake bitcoin.
Stay safe!

Author: Ojelabi Dolapo R. from Naijacrypto

Someone encouraged me to start Bitcoin business.he has opened account for me.Do you think it's not risky investing now the world economy is shrinking?

Samfloxin:
Someone encouraged me to start Bitcoin business.he has opened account for me.Do you think it's not risky investing now the world economy is shrinking?

You need to ask him the following questions
1. What website did he open account on for you
2. Ask him what he is planning to do with your money
3. Ask him what he means by "Bitcoin business"
4. Tell him to teach you how to trade rather than help you trade.

You need to know that there is nothing like "Starting Bitcoin business.
In my experience, this is 90% scam.

Plz, op, can an individual who dons't kno any thing about bitcoin just go and open accnt or u need an agent, wat i mean is that i will log into the site fill d infor and get my wallet, or just lik forex trade, they said u must open an acct thro an agent lik, hi marker,fmx etc, u cant trade drect, please clearify me tanx.

rolly44:
Plz, op, can an individual who dons't kno any thing about bitcoin just go and open accnt or u need an agent, wat i mean is that i will log into the site fill d infor and get my wallet, or just lik forex trade, they said u must open an acct thro an agent lik, hi marker,fmx etc, u cant trade drect, please clearify me tanx.

You do not need an agent to trade any cryptocurrency. the first thing you need to do is learn about cryptocurrency and trading them. You cannot know everything at ones, there are a lot of articles and videos on youtube that can help you.
There are also a lot of conferences being organised in Nigeria every month to educate people.

As a beginner, I would advise you to start by using a Nigeria exchange that will be easy to understand then from there, you can progress.
Naijacrypto Exchange is good for beginners like you because they do not charge any fee for trading, you can check them out.

Ok tanx, is it thesame in forex trade?

rolly44:
Ok tanx, is it thesame in forex trade?

No, it is not. in Forex trading you have to pick a broker.

Ok. Tanx, pls, if u kno litle about forex trade please can u explain little for me, not how to trade but the step to start including the broker u just mention, sorry 4 d inconvnece.

rolly44:
Ok. Tanx, pls, if u kno litle about forex trade please can u explain little for me, not how to trade but the step to start including the broker u just mention, sorry 4 d inconvnece.

No problem. You can read this article it is well detailed https://www.benzinga.com/money/forex-trading-in-nigeria/

Interesting, tanx alot.

Ruth12:

Is Bitcoin a Scam?

Bitcoin is not but you should be careful with bitcoin transactions. Just like you cannot say Naira or US Dollar is a scam because it was used in a transaction to scam you, so also you cannot say Bitcoin is a scam.

Here are the 4 common bitcoin scam tricks you need to spot and avoid:

1. Bitcoin Doublers: These are the one that will tell you "Buy $100 and get $1000 in 2days". Nothing like this exists in the cryptocurrency market.

2. Deposit Bonus: These ones will tell you to deposit a certain amount of Bitcoin to receive a reward. A lot of people fall for this scam because it always looks so real.

3. Giveaways: They will ask you to drop your bitcoin wallet to receive the giveaway. On social media especially on Twitter, some Imposter twitter account will comment "hurray! I have received my reward, click here to get the same". Do not fall for this.

4. Casinos: They ask you to play to win. This scheme makes you think you just won a big amount on the casino and to make a withdrawal, they ask for a deposit.

Do not click on just any site because of a giveaway.
Do not drop your wallet address on every comment for fake bitcoin.
Stay safe!

Author: Ojelabi Dolapo R. from Naijacrypto

Good Evening to you Bro... Thank you for this insightful and informative piece. I am interested in learning about trading in the bitcoin or forex realm, please if you' don't mind rendering a training service. I would be so delightful. My email is chrizzyace@gmail.com I hope to hear from you soon.

Chris

chrizzyace:


Good Evening to you Bro... Thank you for this insightful and informative piece. I am interested in learning about trading in the bitcoin or forex realm, please if you' don't mind rendering a training service. I would be so delightful. My email is chrizzyace@gmail.com I hope to hear from you soon.

Chris

I focus more on cryptocurrency than forex.
Are you in Lagos?
We have a conference coming up soon and it is free.

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Ruth12:


I focus more on cryptocurrency than forex.
Are you in Lagos?
We have a conference coming up soon and it is free.

Register

Yes I’m in Lagos

chrizzyace:


Yes I’m in Lagos

Alright click HERE to register