A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
I have a family member who recently got into this Bitcoin / forex "investment" scheme that I'm pretty sure is a scam. He uses this generic photo stock image, and has a bunch of what I'm pretty sure are dummy accounts like jasper_ophelia1 and Santos_Pablos1 to name two posting those generic scam things like "every other person that said they could do this similar thing is a scam.... But, thanks to this magic forex trader I made $50,000 in 3 months it's real!...etc." all over other random Instagram photos filled with a plethora of other people _fx that have given a 500% return etc. I personally know it's a scam, however I can't prove it since the person has so little actual information. I was just wondering if anybody knew any information about this scam, or specifically the person in question doing this scam. Edit: after a dip down the rabbit hole I've come to find sites related to this all even more scammy than the last. The First One has a domin owned by a guy in Texas that lives on a road that doesn't exist with a phone number one number too short. After baiting him, he sent This One That you can only deposit money by sending a support ticket to This One and they're "owned" by this site they seem to thing cryptorealprofit is a legit site, and can't understand how it couldn't be. This is difficult. But hopefully finding this guy can help someone I'm the future not be scammed by this same scumbag.
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After all, a lot of Bitcoin traders forget this one important point: Bitcoin is priced in US dollars, at least the most common forms of it, and therefore becomes a Forex pair. I do not care what it is you think Bitcoin does, the reality is you are measuring relative value. That is what all markets are. However, had the bitcoin to U.S. dollar exchange rate changed to 1 bitcoin = $7,000, you would realize a profit from both the forex trade and the bitcoin exchange. Bitcoin value is linked to the fundamentals of the cryptocurrency ecosystem, while forex matters are tied to the economic decisions and conditions of an individual nation and its currency. Trade Bitcoin, the popular cryptocurrency, with fixed spreads, low margin, competitive financing and reliable trade executions at FOREX.com. Bitcoin trading is currently not available at FOREX.com. Trade Bitcoin Futures through our affiliate, FuturesOnline
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