💻 Join The VIP Cryptocurrency Course and Discord Group: https://www.joeparys.com/yt/crypto-course - Is cryptocurrency the world’s greatest scam? Or is it potentially the opportunity of a life time?
In today’s video, I’m going to be sharing with you the good and the bad about cryptocurrency and how you can come out on top as a winner in this game because crypto is getting harder and harder, but if done correctly, you too can potentially become the next cryptocurrency millionaire.
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TIMESTAMPS:
00:00 Why everything in crypto is a scam!
00:40 What other Youtubers say
01:40 What are the scams?
02:04 How not to be scammed?
03:06 Every crypto investor needs to see this statistics immediately
03:38 Is everything in crypto really a scam?
05:11 A gigantic pump and dump
06:31 Beware of impersonation scams
07:16 Fake emails from exchanges
07:54 How not to fall for scam coins
09:25 What are rug pulls?
09:48 What can you learn from this?
10:11 Join the class & VIP group
10:47 How to be the smart money?
14:03 Join the class & VIP group
âś… What are the most popular crypto scams to watch for in 2023?
Scammers are incredibly creative when it comes to luring you into a trap or getting you to share your personal information. For that reason, many crypto scams involve some type of impersonation, along with a selection of carefully crafted lies that are often tailored based on the victim they're targeting.
Here are some of the most common types of crypto scams:
Blackmail and extortion scams: The Federal Trade Commission (FTC) says some scammers will claim they have embarrassing personal information, including your own photos or videos, to lure you into a trap.
"Business opportunity" scams: This scam can play out in a number of ways, but it typically takes place when someone contacts you with a business opportunity with the promise of helping you grow rich.
Giveaway scams: This type of scam promises you free money or another type of prize if you fall in line with whatever they want you to do.
Impersonation scams: The giveaway scam example we outlined above is also an impersonation scam, but there are many other impersonation scams to be aware of.
Investment scams: The FTC says that, in this scam, an "investment manager" you have never heard of reaches out to you with an incredible investment opportunity.
Phishing scams: A phishing scam takes place when someone pretends to be someone else, usually a company, in order to get you to willingly share private information.
Source: https://time.com/personal-finance/article/popular-crypto-scams/
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DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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