CRYPTOCURRENCY SCAM WARNING! BEWARE OF IMPERSONATORS AND FRAUDSTERS!
Bitcoin is an investment that grows by itself without any effort like trading, selling or investing in other businesses. Just by holding on to your bitcoins patiently and selling it during the high market, you can make profit multiple times. Due to this unique feature many scammers will try to snatch away your bitcoins by luring you to scams like bitcoin binary options, trading mining cheap bitcoin, discount, promising to double your investment, give you financial freedom etc. Be aware. THEY ARE ALL SCAM
People who bash bitcoins as a scam that don’t make any profit are usually stupid victims of these scammers. So don’t be a FOOL and fall into SCAMS.
If you buy Bitcoins, the most important thing you can do is to protect your investment. But how do you do that? Start by reading our article on keeping your bitcoin investment safe. Always control your own cryptocurrency. That means creating your own wallet, not giving the private keys to anyone you don’t know, and not sending your coins to anyone else to invest on your behalf. If anyone is asking you to send coins to them, you should be on HIGH ALERT.
For example, If someone offers to invest your money for you and send you the profit, you can also be pretty sure IT’S A SCAM. As more people get interested in bitcoin, scammers are finding more ways to use it.
There are some things you need to understand before getting started with Bitcoin. Bitcoin transactions are irreversible. The Bitcoins you buy will be sent to your own bitcoin address provided. If you lose or delete your own bitcoin wallet, you will lose your Bitcoins in it and we can’t help you to restore them. Remember to backup and secure your wallet.
IF YOU DON’T HAVE THE PRIVATE KEYS OR BACKUP PHRASE OF YOUR BITCOIN WALLET THEN IT’S NOT CONSIDERED TO BE YOUR BITCOIN.
Bitcoin users need to keep in mind that no one can help you if you forget the password there is nothing called forgot password in bitcoin wallet.
After you launch your wallet for the first time, you are presented with a 12-24 word recovery backup phrase or private keys. Make sure you write down the words CORRECTLY and make multiple copies and keep it in a safe place where you can access after a long time even.
If somebody gains access to these words, he or she may be granted access to your funds. When you hold bitcoin with the backup key safety you become your own bank “It’s impossible to recover lost bitcoins. This is what the security of Bitcoin is actually based on. If you’ve lost your private key, the system is so secure that you may not be able to recover it.
CRYPTOCURRENCY IS A HIGH VOLATILE MARKET
The Bitcoin market is very volatile and prone to bubbles and rapid price swings. Buying or Selling in these crypto currencies may be considered a high risk activity. Proper and sound judgement should be used in evaluating the risks associated with these activities. The market price changes over time so your Bitcoins may be worth less in the future. In fact, they may even become completely worthless. Bitcoin is not backed by any entity.
We do not provide any investment advice in connection with the Service contemplated by these Terms of Use. While we may provide information on the value, range, news update volatility of Bitcoins, and events that may affect have affected the value of Bitcoins, this is not considered investment advice and should not be construed as such.
Dhicoins nor anyone else has an obligation to buy back your Bitcoins in the future. Dhicoins has never set or intended to fix market prices, our exchange rates have always been given by the law of supply and demand, as a free market without any imposition. The decision to trade crypto currencies rests entirely on the users own independent judgement. Dhicoins does not guarantee any profit from trading or any other activity associated with the site. Never invest money that you can’t afford to lose.
IN LIGHT OF THE RISKS ABOVE MENTIONED, WHICH IS NOT A COMPREHENSIVE LIST, YOU SHOULD CAREFULLY CONSIDER IF HOLDING DIGITAL CURRENCY IS SUITABLE FOR YOU DEPENDING ON YOUR FINANCIAL CIRCUMSTANCES.