A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Good evening everyone, Before the story commences, I am unsure if posting it on this subreddit will be of any help, but I do have a certain faith in the overall Reddit community. About two weeks ago my mother informed me about a conversation she was having with a real friend of hers. They were talking about investing money in something (it was quite vague and unspecified). So naturally I asked some questions; 'What are you investing in? What is the company name?'. It turned out to be a investment in Bitcoin through a company by the name of MTI. Mirror Trading International. Then of course I did some digging, made myself more familiar with how cryptocurrency works and what the processes behind it entail. The search results of MTI show multiple links to news articles disputing the legitimacy of MTI. My mother joined a Zoom call with the friend from before and some others that already partook in this movement. There they asked questions and answered questions about MTI and how it works. MTI claims this: " You too can start to benefit from this marvellous opportunity. Remember, your trading pool balance will fluctuate with the changing Bitcoin price, but your Bitcoin WILL be growing, and when the price of Bitcoin rises, you will be perfectly placed to take full advantage thereof. " Seemingly you invest money in bitcoins and the money of all the investors is gathered in a forex trading pool. Every day investors are able to see the trades in the pool (made my an AI trading bot). Without doing anything you can passively build or grow your balance. I honestly think the revenue that comes back to investors are the funds provided by new members (like in a Ponzi scheme). The returns they promise are way too optimistic to be genuine. The CEO of the company has participated in other fraudulent activities like the Kipi scam. Somehow I tried talking to the people from the Zoom call my mother attended, explaining why I do not trust the company and its intentions. Sadly, all falls on deaf ears and they are unconditionally sure about the legitimacy of MTI. My question: What are your regards on this topic and on MTI? How should I convince those involved that this is not a risk worth taking. It makes me worry more than I want to. Thank you for your time in advance!
Is the JimBrowningOffical subreddit the right place to post anything about suspicions towards a Bitcoin forex trading company running a large ponzi scheme? If not, what subreddit would this best be directed to? I'm waiting for an answer before I write the story, but in short it's about a family member wanting to invest in Bitcoin through said company and some of his/her real friends that live around town are already investing. Through some digging it became quite certain that the company is not as legal as they claim to be, but the investors in their web are totally led to believe the legitimacy of the company. It makes me quite worried. Any suggestions? Thanks in advance!
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I have a family member who recently got into this Bitcoin / forex "investment" scheme that I'm pretty sure is a scam. He uses this generic photo stock image, and has a bunch of what I'm pretty sure are dummy accounts like jasper_ophelia1 and Santos_Pablos1 to name two posting those generic scam things like "every other person that said they could do this similar thing is a scam.... But, thanks to this magic forex trader I made $50,000 in 3 months it's real!...etc." all over other random Instagram photos filled with a plethora of other people _fx that have given a 500% return etc. I personally know it's a scam, however I can't prove it since the person has so little actual information. I was just wondering if anybody knew any information about this scam, or specifically the person in question doing this scam. Edit: after a dip down the rabbit hole I've come to find sites related to this all even more scammy than the last. The First One has a domin owned by a guy in Texas that lives on a road that doesn't exist with a phone number one number too short. After baiting him, he sent This One That you can only deposit money by sending a support ticket to This One and they're "owned" by this site they seem to thing cryptorealprofit is a legit site, and can't understand how it couldn't be. This is difficult. But hopefully finding this guy can help someone I'm the future not be scammed by this same scumbag.
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Bitcoin (sometimes, acronymized as BTC) is already used by many Forex companies. It offers a very convenient deposit and withdrawal option for traders. Additionally, the cryptocurrency itself can be used as a counterpart in a currency pair — e.g. BTC/USD (Bitcoin vs. US dollar), BTC/EUR (Bitcoin vs. euro), etc. — and traded in the Forex market. Bitcoin war die erste digitale Währung oder Kryptowährung und ist immer noch die beliebteste und am weitesten verbreitete. Obwohl es heute Tausende von "Kryptos" gibt, argumentieren Experten und Insider, dass es nur wenige mit einem echten "Use-case" gibt und Bitcoin eines Tages zu einem sicheren Hafen, ähnlich zu Gold heute, für Investoren werden könnte. Bitcoin Trading Versus Forex . There are few differences between forex trading and bitcoin trading. In both situations, the prices of both paper and digital currencies are based on global supply ... However, had the bitcoin to U.S. dollar exchange rate changed to 1 bitcoin = $7,000, you would realize a profit from both the forex trade and the bitcoin exchange. You would have received ($16,666 ... Both Forex and Bitcoin have been labeled as scams as vessels to steer clear from. However, the market analysis shows us that the 5.3 trillion dollars that are traded daily is by no means a scam. Now with the inclusion of Bitcoin in the arena, we hear the same prejudices that were so popular with Forex. Many people claim that Bitcoin is a fluke and the same criticisms that were said about Forex ...
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