It is important for users of this currency to know the risks that exist around it in order to avoid being cheated.
If they offer fixed returns on investment
Promises such as:”We guarantee 5% weekly return, 150% monthly, and 300% for two months” are highly suspicious. Think of the saying,”If it is too good to be true, then it probably is”.
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If investors are paid for including more people in the business
This is a classic form of illegal fund-raising used in pyramid structures. It is not advisable to trust a business proposal if the inclusion of new participants is required as a condition for payment.
If no telephone number or address is available to contact the responsible party
People who engage in the illegal collection of money tend to remain anonymous, so they don’t usually give out contact information. If the physical address of the operation center is not clear, or they do not provide a telephone number, this is an alarm and should be looked into.
If you are forced to withhold money for a certain period of time
It is not normal if the person is told that in order to receive earnings he or she must withhold the money or disburse it on specific dates.
If the person is not told how the profitability of the’ business’ works
Every investor has the right to know clearly the profitability model of the business he or she is investing in, if the understanding of the business is confusing, entangled, or too perplexed to be understood, is a valid reason to suspect their legitimacy and avoid them before being scammed.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com