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RE: Scam Coin - The Billion Coin
ALERT ALERT ALERT
Another scam in crypto world is CryptoClone. I wrote a story about it:
https://steemit.com/scam/@cryptogirl1/warning-scam-cryptoclone-people-lost-their-money
Thanks for sharing your post. It's critically important that people are made aware of scams before their money is at risk.
As you can see in article, some people have already lost their money, but we have to do our best to inform potential investors about this scheme. If you have some free resources it is better to put it aside and wait for good investment opportunity than to throw it away. And you can always give it to charity.
Yes absolutely, my concern is that these people do not realise it's a scam until far too late. They often see fake, engineered gains on the scammers platforms and are then encouraged to invest additional sums.
I suppose a lot of it has to do with the coverage of the legitimate coins that many have made such rapid gains with when the market has picked up, but they often fail to mention the complete timescale that they had held the investment for.
I see from your profile that you value the free market. In what, if any, circumstance do you think that regulation could be beneficial?