MicroBitcoin (MBC) price, marketcap, chart, and info

Micro btc scam

Micro btc scam

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JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Micro- is a scam: how i got scammed : Scams

MicroBtc is  not a legit bitcoin mining company ,  in the sense that there is no actual mining process going on. It is just a pool of people investing into a Ponzi scheme or rather a Pyramid scheme. You are to refer investors into the scheme for a referral bonus to keep it running. As soon as the amount of new investors drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Nobody knows when its going to collapse.  Deposits or withdrawal  can be made using bitcoins.

Micro Btc Reviews | Read Customer Service Reviews of micro

Bitcoin scams have been famously criminal and public in nature. With no bank as a middleman in exchange, things become more complicated so hackers and con men have had a heyday.

Micro Btc Review: is micro- Scam or Legit

Moreover, Micro-BTC also guarantees profits to all investors, which is impossible in the cryptocurrency ecosystem right now. Lifetime profits from cloud mining contracts can never be provided in a legitimate manner. Most mining contracts only run for a year or less, for obvious reasons. Any company claiming to offer an extended period of cloud mining is most likely a scam by default.

Micro BTC Review | Is Micro BTC a scam or legit?

The Summer is almost upon us and it appears the number of bitcoin cloud mining scams is increasing exponentially. Micro-BTC is another platform quite similar to Micro Mining that claims to provide cloud mining services to bitcoin investors. No one should invest their money in this platform by any means, as it offers no proof of its mining capacity whatsoever.

While this type of scam is certainly not relegated to just bitcoin (thank you for the education, The Wolf of Wall Street ), a pump-and-dump scam is especially dangerous in the internet space.

Bitcoin xA5 - the possible Pandora&apos s Box of the currency world - has never been short of controversy. Whether it be aiding the black market or scamming users out of millions, bitcoin is no stranger to the front page.

Among other things, the site fraudulently claimed that the coin was being actively traded on several platforms, and even mislead investors by claiming it was also partnered with MasterCard, according to the CFTC case.

Once again, this is a company providing no credible evidence of their cloud mining operations. There is also no public history of payouts made to users, although that is not all that uncommon. Offering bonus hashrate for customers and guaranteeing lifetime earnings is a clear sign of a Ponzi scheme, though. Additionally, there is an affiliate program in place, although none of this information is listed on the website, as it redirects to the homepage. It is evident the team has not put much effort into building a credible website for Micro-BTC whatsoever.

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