No doubt Bitcoin and cryptocurrency is future and millions of people across the world working on it for the benefit of people and community. But scammers are also working to cheat people and loot their money. So we need to be extremely careful while doing any investment in coins. Don't do any investment just by saying someone to invest instead do a proper study about the project and future else you may loose your money.
Today one of founder of Indian scam coin known as Money Trade Coin (MTC) is arrested in Delhi. His name is Rohit Kumar who belongs from UP in India and he started his own cryptocurrency in the year 2017. He used to do seminars in reputed Hotels and assuring people that his coin will touch the value of 2500 USD.
Money Trade Coin (MTC) offerings-#
In the company’s initial announcements, MTC claimed that it will offer a trading platform for multiple cryptocurrencies. It would enable investors to trade in the established currencies of Bitcoin, Ethereum, Ripple, Litecoin and Monero etc. There was also a promise that its platform will provide support 1,088 listed coins. Money Trade Coin was also scheduled to go live on several other exchanges. There was also the promise of an highly secure digital wallet with AML KYC standards.
There are many scammers around but we need to invest wisely. My advice is that never ever invest on crypto on the words of anyone unless you have gone the technical details and market value of the coin and invest what you can afford to loose because you never know which direction market will go. Market is unpredictable.
Thank you.
Have a great time.
