How to Spot a Cryptocurrency Scam
Ignorance and greed have been described as the fuel that has powered the engine of most scams and financial malpractices. There is a growing trend within the cryptocurrency industry that portrays the characteristics of a time-bomb waiting to explode. Almost everywhere you turn, there is a certain coin to mine, a product to invest in, or a cryptocurrency based MLM that promises extraordinary payouts. The number of individuals who subscribe to these programs, on a daily basis, rises exponentially. Before this current wave of events, there have been similar cases where money making programs, that looked too good to be true, appeared and sucked people in, only to suddenly collapsed. Victims of such scams have always been left in pains and regrets, for those who lived through the disappointments. Why do scams persist? One question that remains to be answered is the reason why the public keeps falling for this age long trick, despite their own previous painful experiences or