If you have a desire to invest in digital currency, you should make sure that you are doing your research first. Even though there are many different types of crypto currency options springing up everywhere on the internet, there are some that have not been proven as financially stable, while others are just scams to take away the average individual’s investment money. To avoid these problems and situations, you can protect your investments by looking into what is real in this industry and what it is not. According to Ian King, in his article, ‘How to Beat the Crypto Scammer’, he is giving a lot of information that instructs you on how to protect yourself. From how to look for tangible ways to find credible resources to how to identify the digital coin wallets that are worthless, he provides invaluable information on this topic. In fact, here are 2 things that you review as you evaluate your potential to participate in the crypto currency industry. Read this article at ZeroHedge about Ian King
Look for Publications on why South Korea Threaten To Shut Down Digital Currencies in their Country
As of recent, there has been a lot of noise going on in the background about digital currencies and transacting them in these closely knit financial communities. Because these digital coins can be mined, stored and transacted, people are expected to make a lot of money as they increase astronomically. Though this is one of the main claims of fame to getting people into these financial exchanges, when the flow does not follow what is expected, people can lose a vast amount of money to scammers.
It’s the 800-pound crypto gorilla in the room: crypto scams exist. Here’s how to avoid them. #crypto #cryptocurrency #bitcoin #investing #cryptocurrencies #prodeum #WallSt #WallStreet #trading #BanyanHillhttps://t.co/PYOruwgNbF
— Ian King (@IanKingGuru) February 2, 2018
Due to these problems and the fact that some scammers were able to prey on the average consumer, South Korea’s initial response was to shut these digital currencies down. Instead, they established specific laws to protect the unsuspecting so that they would not lose their money. In these laws, you can also find the techniques and strategies used to prey on the newbie and the average consumer.
Look for How Scammers Fake Out their Predators
Because these scammers can get quite creative when they want to present themselves as the real deal, you will need to know how to navigate safely around them to avoid these pitfalls. For instance, according to Ian King, you should be wary of those digital currencies that cannot match the coins that they have in circulation with the amount that is in their reserves. Similar to the same concept as the federal reserve bank, U.S. banks must be able to financially back up the numbers that they have stored away.
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