If you are looking for reputable information about bitcoin and its overall beginning, you may want to listen to what Jordan Lindsey is saying about this cryptocurrency. As the founder of one of the most notable bitcoin currencies called Bitcoin Growth Bot, he has a wealth of knowledge that he can share with those who have an interest.
Today, Jordan Lindsey is writing about a wide range of cryptocurrency topics, while also addressing why bitcoin and other cryptocurrencies are not going away anytime soon. However, before too many people jump on the boat to join this digital currency and its phenomenal growth, it is important that prospective investors know the differences between what is a scam and what is real. So, for those of you who want to know exactly what you should be looking for, here are some keys to identifying the bitcoin scams.
Pump and Dump
According to Jordan Lindsey, there are sites like Stack Exchange that provide potential investors with the parameters that identify these scams. In fact, they will provide information on bitcoin and their legitimate opportunities that make money via the use of stocking up digital currencies in a bitcoin wallet. Or, the site will also address how bitcoins can be mined. For instance, there are bitcoin scammers that have been characterized and grouped as pump and dump. So, these organizations are meant to take the digital currencies and run with financial gains.
Bitcoins Not Backed — Similar to the Backing of the Federal Reserve
Each dollar that is printed in the U.S. is backed by the Federal Reserve or the money is considered to be worthless. This is part of a legitimate money system that has been placed for many years now. When thinking about the scams with digital currency, the backing of this digital currency goes by the same principles and concepts. Therefore, if the company does not have the right kind of backing and it is lacking, its best to go on to search for another option that will render real gains in the crypto currency dollars.