(Martin Armstrong) There is a serious novel fraud centering to a greater extent than or less Cryptocurrencies. There take away hold been some trading platforms develop that are all of a abrupt changing the rules inward mid-game. People who take away hold tried to sell things similar Monaco Card etc. on these platforms take away hold discovered that their accounts are frozen because they produce non take away hold the money to pay people. The excuse is they involve to forthwith all of a abrupt PROVEwho they are to liquidate anything. The requirements are onerous as well as only a DELAY tactic. These platforms possibly a FRAUD as well as should endure reported to the SEC.
Source - Armstrong Economics
by Martin Armstrong, Oct 18th, 2017
There was a companionship IGBE (International Gold Bullion Exchange) dorsum inward the early on 1980s. They were offering selling gilt bullion coins at the spot, which was below cost, but the grab was 90-day deferred delivery. They were truly non booking the gilt as well as expected it to cash inward one's chips on to decline. When gilt rallied, they were non covered as well as could non deliver. They were taken off to jail as well as investors lost I believe $100 million+.
Cryptocurrencies are no unlike from whatever other investment product. It is a misrepresentation that they offering an choice to the dollar. No affair how much money 1 made on Bitcoin, they even as well as then take away hold to sell it to realize that net turn a profit as well as how are they criterion that profit? In dollars of course.
Beware of the fraud inward these trading platforms that are forthwith all of a abrupt freezing people’s accounts claiming safety to preclude people from selling especially the smaller novel cryptocurrencies.
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Source:
https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/cryptocurrencies-the-scam/
https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/cryptocurrencies-the-scam/
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