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Bitcoin Multiply Times represents an ICO.   They raise money required for their operations in the investors.   In return, the investors are entitled to a amount of gains in the near future.   We checked FCA and FTC to find out, if this firm is regulated. Unfortunately, we did not find any details about them, which is a huge concern. .

Moreover, this firm also Won't discuss any license details on their website.   They are operating from the shadows intentionally. The only contact information that they feature is an email address.

This stage says that, They've found some kind of bug in the blockchain.   Apparently, that flaw has enabled these guys to scratch themselves a profit every time a transaction occurs.

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This narration will be absolutely absurd for those of you, who know how cryptocurrencies work.   They're trying to manipulate the newbie investors into thinking that, they know what they're talking about.

Unfortunately, many individuals made the mistake of trusting them and lost their funds.   There isnt any defects in the blockchain since they state, even though it had been true, then why can they let it to the public instead of making money for themselves

Earning gains without getting exposed to danger is hopeless.   On the other hand, the only thing that you can do is to diversify them that you have better probability of success.

They offer 4 types of investment plans.   Profits of 1000% daily is certainly every investors fantasy, but sadly it will just remain unreal.   Cryptocurrency in general has the most amount of volatility, but it does not means these kind of profits are achievable.

The registrant contact details are untraceable.   Though, this site has been around for more than a year, there isnt enough data to trace their traffic sources. For more details relating to this site, see Scamadviser.com.

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Vast majority of the investment solution uphold transparency.   This firm operates in such a shady way That They're almost unidentifiable.   Also, considering the potential risks and the apparent fake return claims, we strongly urge everyone to steer clear of them.

This stage showcase few testimonials.   All of websites the comments are extremely flattering.   The alleged ancient users talk about, how this program helped them earn a good deal of money.

However, do not get carried off by those fake comments from bogus consumer profiles.   In case, if you're wondering that there isnt any way to track down those consumers.

Bitcoin Multiply Times is most probably a ponzi scheme.   They May procedure a few refunds every once in a while, but it will ultimately end in a horrible way.   Whenever an opportunity too good to be true arises, do not impulsively make any decision, regardless of the kind of convincing narration these fraudsters come up with. .

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Recently, I have been carefully watching the bitcoin scam sites on TOR network offering double or 100x bitcoins towards your initial investment and after having many bad attempts, I learnt that these individuals are really smart at luring innocent customers and ultimately scamming them.For example, take a look at this site that I found on shadowy net.

There's no way these men are generating this amount of Bitcoins from nowhere.You may ask me, how can you be so sure that those are just scams Because, the answer can be found in the open-source Bitcoin code!According into the Bitcoin code, each transaction made is validated by at least two nodes and then coded into block-chains.

Just how can anyone mine unknown BitcoinsThat is why any site that claims to find some defect in the Bitcoin code is merely another Ponzi scheme. Always.WhyThat is just logic.If anyone can multiply their single Bitcoin 2x or 100x, they'll just do this quietly. They can just take their one coin and multiply it till they attain the 21 million Bitcoin limitation set by its founder.

Every transaction made will be validated by a few nodes and only the valid ones can enter into a block-chain. So fraudulent transactions can be readily identified by checking the different block-chains. The longest block-chain always wins.Transaction proofs to entice additional investorsThey may have made some genuine transactions to entice additional investors.

If possible ask your friend to get out of it, before he loses everything. One day there and next day gone. This stands for both the fraudulent site and all the invested Bitcoins.Sadly any Coins lost to those frauds are lost forever and cannot be traced like money. Before doing any investment, do the following checks always: Check their credentials.

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They might be tricked by the initial high returns.Especially be careful of specifications that require you to introduce new members into this scheme.Also Watch: Hacking Bitcoins How its done1. Exchanging the local currency for bitcoinsBitcoins are on a rising trend gaining recognition and traction as online money that transcends boundaries and traditional valuing of currency.