cryptocurrency Trading Risks
Knowing the risks of investing in cryptocurrency
The entire virtual currency market reached a capitalization of nearly $2 trillion dollars in just 12 years. By the end of 2017, the price of a single bitcoin was $13,889.99. The suit accused the individuals who ran them of fraud, misrepresentation, and misappropriation of bitcoin.
Is cryptocurrency high-risk? Yes, it can be. Criminals eye digital currency because it promises instant profit. Law enforcement authorities in every major country are constantly on the alert for crypto scams in general and bitcoin scams in particular. They are the most dangerous cryptocurrency trading risks.
Bitcoin Scams Are Inventive
Quite literally, operators of bitcoin scams think of everything. Want to commit suicide? There are Facebook pages advertising poison pills you can order by paying in bitcoin. Apart from the brashness and ghoulishness of it, the pills are fake. The bitcoin scam wasn’t. It was real. And the bitcoin that was paid (and lost) was also real.
Since 2015, moreover, cryptocurrency has become the payment of choice for kidnappers. Since then, bitcoin ransom has been demanded by kidnappers in at least 12 countries as the price for freeing their hostages.
find out How Our Scam Detection Services Can Help You
We begin with consulting thoroughly with clients and getting an idea what happened in their case. We ask for documents and details about the case so we can get started with crypto investigation. We apply advanced technology, including software usually available only to law enforcement, bitcoin forensics and a thorough database for scam detection.
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How You Can Get Started on the Bitcoin Recovery Process
Is bitcoin recovery possible? Yes. Is there any government-run bitcoin recovery service? No. Can Globaltradeassets assist with bitcoin recovery? In most cases, yes.
Can Globaltraceassets assist me to recover my funds from a bitcoin scam? In most cases, yes. Is there such a thing as cryptocurrency chargeback in general or bitcoin chargeback specifically? No, at least not yet, although under certain exceptional circumstances you can obtain a chargeback if the crypto you thought you bought using a credit or debit card was never supplied.