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Bitcoin Multiply Times represents an ICO.   They raise money demanded for their operations in the investors.   In return, the investors are entitled to some amount of profits 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 refuses to share any license particulars on their website.   They are operating from the shadows intentionally. The only contact details 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 scrape themselves a profit each time a transaction occurs.

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

Unfortunately, many people made the mistake of trusting them and dropped their funds.   There isnt any flaws in the blockchain as they state, even if it had been true, then why can they let it to the public instead of making money for themselves

Earning profits without getting exposed to risk is impossible.   On the other hand, the only thing you can do is to diversify them so that you have greater likelihood of success.

They offer 4 types of investment plans.   Gains of 1000% every day is certainly every investors fantasy, but sadly it will just remain unreal.   Cryptocurrency in general gets the most amount of volatility, but that 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 about this website, visit Scamadviser.com.

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Vast majority of the investment solution uphold transparency.   This company operates in such a shady way that they are almost unidentifiable.   Moreover, considering the potential risks and the obvious fake return claims, we strongly urge everyone to steer clear of them.

This stage showcase few testimonials.   All the comments are extremely flattering.   The alleged ancient users speak about, the way this software helped them earn a lot of money.

However, do not get carried away by those bogus comments from bogus user profiles.   In case, if you were wondering there isnt any way to track down those users.

Bitcoin Multiply Times is probably a ponzi scheme.   They May process some withdrawals every once in a while, but it will finally end in a dreadful way.   Whenever an opportunity too good to be true arises, do not make any decision, regardless of the kind of convincing narration these fraudsters produce. .

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Recently, I have been closely watching the bitcoin scam websites on TOR network that offer dual or 100x bitcoins towards your initial investment and after having many bad efforts, I learnt that these individuals are very smart at luring innocent customers and ultimately scamming them.For example, have a look at this website that I found on dark net.

There's no way these guys are generating that 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 to the Bitcoin code, each transaction made is supported by at least 2 nodes and then merged into block-chains.

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

Each transaction made will be validated by some nodes and only the valid ones can enter into a block-chain. So fraudulent transactions can be easily identified by checking the different block-chains. The longest block-chain consistently wins.Transaction proofs to entice more investorsThey may have made some genuine transactions to entice more 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 all those frauds are lost forever and cannot be traced like cash. So before doing any investment, do the following checks consistently: Assess their credentials.

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They may be tricked by the initial high returns.Especially be careful of specifications that require you to introduce new members to the scheme.Also See: Hacking Bitcoins The way its done1. Exchanging Recommended Reading the local currency for bitcoinsBitcoins are on a rising trend gaining recognition and traction since online money that transcends boundaries and traditional valuing of currency.