What is Spot Bitcoin Trading (Unveiling Bitcoin Trading Scams)
Spot Bitcoin trading, according to Coindesk, is considered a relatively good in
Spot Bitcoin trading, according to Coindesk, is considered a relatively good investment option after the recent surge in Bitcoin prices. However, as the market becomes increasingly popular, the trading volume also rises. Due to the high price volatility of Bitcoin, there is a growing demand for Bitcoin futures and options among investors.
It is mentioned that “buying put contracts” is a method of purchasing Bitcoin at a low price at a specific time, which is considered the “safest investment”. High returns can be achieved by leveraging the advantages of spot trading.
Unveiling Bitcoin Trading Scams
According to the China Business Report, a new type of scam called the “Bitcoin trading scam” has recently been exposed by the media. The platform claims that as long as users purchase a certain type of virtual currency on the website, they can obtain a fixed amount and monetary investment return. If the buyer does not believe, they can sell the held digital currency at any time. Several investors have already been deceived, including one individual referred to as “Li Xiaojia” (pseudonym for Liu Changyong), who transferred 1 million RMB (calculated at the current price) to an investor and promised to bring in 10 million RMB in returns. Later, the funds were transferred to their own account to gain high profits.
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