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Are Bitcoin generating websites scams
October 19, 2020
If there's any claim by the website that it's actually generating Bitcoin then yes, it's a scam.
The only possible exception to this would be the website for a mining pool, where miners get instructions regarding how that pool works and how it handles payout if and when it wins a mining reward.
And so a person participating in a mining pool gets a small percentage of the mining reward, as opposed to mining entirely on their own where they're far more likely to receive nothing.But any websites claiming that they have any special way of generating Bitcoin profit that you can participate in, presumably for parting with some of your own Bitcoin up front, are either scams or close enough to scams that they exist solely for the purpose of separating fools from their money.
Bitcoin is actually much more like other speculative investments, such as stocks, commodities and real estate, than many people seem to realize.
If you invest for the long-term by simply buying and holding, chances are pretty good you will make money.
If you try any fancy short term investment strategies or schemes, attempting to beat the market without investing for the long-term, your chances of making money are an infinitesimally tiny fraction of your chances of losing money.
The only way to change these percentages in the direction you want is to get really really good at short-term trading strategies. And even the best short-term traders lose almost as much as they win, with the wins being just enough more than the losses to keep them going.
If you want to make money with Bitcoin the best way is simplicity itself:
Buy what you can afford to lose, either at once, or by buying a little bit over time, and then don't even think about selling any for a minimum of 3 to 5 years.
And store it securely on a hardware wallet in the meantime.
That's it.
That approach is far far more likely to help you to potentially make significant money from investing in Bitcoin than any allegedly get-rich-quick scheme, aka scam.
Bitcoin Generator Scam: Fools Victims in to Parting With 0.8 BTC
October 19, 2020
Although Bitcoin and other cryptocurrency scams are nothing new, it remains to be seen how scam artists are still able to successfully extort funds from unsuspecting victims in the most obvious of manners. In the latest scheme to be doing the rounds, a newly created ‘Bitcoin Generator’ has thus far managed to scam people out of the Bitcoin equivalent of $2,700, or 0.8 BTC.
The Scam, which is located at the website domain ‘bitcoin-generator-2018.bid’, was recently tested by cryptocurrency news platform CCN, to ensure that their suspicions were factual. The platform explains that those behind the scam claim that they have created a protocol that allows their system to effectively hack the Bitcoin blockchain. In doing so, they are able to obtain quantities of free Bitcoin, which they can then forward on to the user.
If it’s too Good to be True, Then it Probably is
First and foremost, it must be noted that in order to access the aforementioned illicit platform, users must approach search engines with specific terms such as ‘Bitcoin Generator’ or ‘Free Bitcoin’. In this sense, it could be argued that the mindset of the user is to obtain Bitcoin(s) without having to pay for them, or rece
Fake Java Script Generation all Part of the Ploy
Once the user clicks on the confirm button, a well-designed Java Script appears on screen, with the platform advising the user that the technology is currently engaging with the Bitcoin network, in order to generate their free coins.
After a few seconds of the fake generation process, a new box appears, telling the user that the “Exploitation was successful and the coins will be sent to you shortly“. However, as would be expected from such a scam, prior to funds being forwarded on to the previously supplied Bitcoin address, the user is asked to pay a ‘Transaction Fee’.
In terms of justification, the fake Bitcoin generator explains that in order for new blocks to be generated on to the blockchain, a small fee must be paid to miners in return for their efforts. As a result, once the small fee is paid to the provided Bitcoin address, the platform states that the generated Bitcoin will then be forwarded to the victim.
As per the covert exercise employed by the team at CCN, for a request of 0.1 BTC (which is the minimum that the fake generator permits), the stated fee is 0.002 BTC. Therefore, should an unsuspecting user fall victim to this particular example, the scam artist would have walked away with 0.002 BTC.
Well Known Bitcoin Faucet Might be Behind the Scam
Further research in to the scam, according to CCN, indicates that popular Bitcoin Faucet provider ‘Moon Bit’ may have had some involvement. The reason for this is that one of the requested Bitcoin addresses, which the scam provides to the user for the fictitious transaction fee, is associated with Moon Bit.
In total, the associated Bitcoin address, 15nLNJc9rfRhqgQMU6F9y85t3hSMG6AYwa, has managed to receive just over 0.8 BTC in payments. Although such scams are nothing new, if anything, it does indicate that the underlying characteristics of the blockchain protocol offers an element of transparency, not least because reporters at CCN were able to effectively link the Bitcoin generator address to that of Moon Bit.ive significantly more than they outlay.
Once the ‘bitcoin-generator-2018.bid’ domain is accessed, the user is then asked to enter the personal Bitcoin address that they want the generated coins to be sent to. Next, the user is then afforded the fictitious luxury to enter the amount of BTC they want to receive.
Is Binomo a legitimate/safe binary options broker?
October 19, 2020
NO Binomo is a scam and fraud app. I hope my answer will save some people’s hard earned money. I’ll share my experience with Binomo. Before installing this app I browsed online but didn't find any negative reviews. I also read this quora as you see that this guy has given positive answer below. After that I installed Binomo app to earn quick money. Still I was not able to blindly trust the app so I decided to try demo account first. I traded with demo account for 30days and set up my trading strategies. After 30 days I was very confident with my trading strategy. I was at 65% winning ratio and I was successful in converting the Rs.65000 demo money to Rs.190000 demo money in 30 days. Then I deposited Rs. 7000 and got bonus and my account was credited for Rs.9000. I was very happy that I have found a new source of income. I started Real trading with my real account and the first day itself my winning percentage was very low and got got loss of Rs.5000. I had rs.4000 remaining. I traded second day with some hope and still same thing happened. I sufferered loss again. My entire Rs.9000 was lost in just 2 days. Please dont get lured by these fraud apps and paid fraud reviews on YouTube and don't ever install this fraud app. Please dont promote this app for some money. You are also doing a fraud for promoting fraud. Did you know Binary options trading is one of the most speculative and risky endeavors in the financial market. Therefore, it’s really important to find a broker that offers the best conditions and is focused on its customers.
While the internet is full of binary options brokers, the majority of them are outright scammers. So, it can be difficult to find a legit broker. While Binomo has several flaws that might be concerning to many, there are some areas where the broker shines, figuratively speaking.
Is Binomo a scam? GENUNE REVIEWS
October 19, 2020
With several online trading sites available out there, specific attention should be given to the one investing in. When discussing Binomo it is an online broker and trading platform where you can make money by trading, providing a relatively long track offering binary options on increase or fall in currency exchange rates, stock prices and indices, commodities, and other assets. However, one of the concerns is regarding the withdrawal conditions that the brokers offer.
When I saw an online site providing free trading contests daily, I signed up immediately.
Even though it is legal to invest money in online trading sites like Binomo, the results that I got were very disheartening after putting in so much effort. After working hard for days, I was finally able to win real prize money. However, they refused to allow me to withdraw the money until I deposited my funds first. After learning more about the scam, I found out that they had some terms and conditions even on depositing the money. This didn’t allow me to gain trust on the site.
In my opinion, Binomo is a scam. The site is false, talking, and fake promising people to invest in their site and not return what they promised. Even after following strategies like being systematic, maintaining a high account balance, limiting the losses, and keeping up with the market, all my time and effort were vain. Like any other human, after I made the benefit, I wanted to withdraw the money. But what was the point of investing money and time and having a broker if the money I earned cannot be withdrawn?
After the bitter experience, I became very cautious about investing my money on online platforms. Finally, after a lot of research, I found out about the online betting platform Parimatch India. It provides a safe environment to invest your money and time. Parimatch India has many games like live casinos, video poker, online live betting, esports, and many more exciting opportunities for making money.
Yes trading is 99 percent risk, but binomo trading is 100 risk they are scammers for depositing the money instantly it happens but for withdrawal they drag like anything by telling you have to wait 3 business days for your payment..after 3 business days we should contact binomo there you will get a huge shock , y because they will tell that your funds are transfered to your account but still you would have not received funds then they will share wrong account number ,there I got shocked and scratched my heads and taught I have wrongly updated account number,, but this time I was sure and confident I had saved the screenshots of my account number shared to binomo gave withdrawal same thing happened wrong account number they showed, I forwarded all my screenshot images of account number shared to binomo to support@binomo.com there got a reply telling wait for 3 business working days again finally got cheated no reply nothing.Dear friends please don't invest in binomo please see my evidence photo one is there wrong account number messages and another is bank account updated in binomo app
Make money by Watching Ads - Star clicks legit websites
October 19, 2020
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I send money through pay u but money was not transferred to beneficiary how to lodge a complaint
October 13, 2020
You don't have to call your bank, you bank has nothing to with it. You just have to call the concerned UPI providers customer care, they will ask you the transaction number and some other details related to the transaction.After this you will receive you amount back within 72 hours or else 7 days max
You should also check you account by going to you branch or if you have internet banking you can use that because some time the amount gets credited within few hours.
No need to worry! Your money is safe. Request you to do the following checks:
1. Verify your beneficiary account details like Bank Name, Account number IFSC code etc.
2. Check if the same transaction amount has been reversed into your account in the last 24 to 48 Hours.
3. Please make a note of the below time for the transaction to reflect for each type of Fund transfer:
Kotak to Kotak/IMPS/UPI — Instant,
RTGS — 4 hours or by the End of the Day,
NEFT — Within one working day from the transaction date
4. Below are the service availability timings for various fund transfers:
IMPS / UPI - Anytime (24x7)
NEFT – 12:30 AM to 11:30 PM (Available on all days)
RTGS - Till 4pm (Mon to Sat - except second & fourth Saturday & bank holidays)
Any transaction done after cut off time will be sent for clearing on next working day.
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