The volatility of cryptocurrencies is derived from the global economic and political situation, which is substantially affected by any news of a positive or negative nature, and although substantial dividends can be obtained in short periods, there is also the option of losing our entire investment. $BTTC $FLOKI $PEPE .
But one situation is to play with the risk or uncertainty of volatility and another is to be involved in a scam.
There are countless scams in the investment world, but the number is even greater when it comes to cryptocurrencies, mainly due to the incipient regulation and supervision of them, since there is no regulatory body to complain to, but that is a virtue or vice of digital currencies.
The main scams are the following:
Impersonation of a trusted third party. The scammer pretends to be someone else.
Plishing. This is the same as the previous one but it also infects the victim's device or installs malicious software or harmful computer code.
Pyramid scams or Ponzi schemes involve paying previous investors with the money of more recent investors.
Pump-and-dump. A person with a certain social or communal influence acquires a certain cryptocurrency, talks about the benefits of the project, falsely inflating the price of the asset, when in reality it is not.
Fake exchanges or apps. The scammer creates a cryptocurrency exchange platform or other app to invest in digital asset projects, to fund himself, and when he considers that he is at high risk of being detected, he abandons the project, closes the website (network) and disappears with the funds.
These are the main scams in the world of cryptocurrencies, but there are countless other frauds.
Corollary.
We must be extremely cautious when deciding which platforms and intermediaries we will use for our cryptocurrency investments. Let's be careful. Good night.
