Mar 30, · Fox Van Allen. The current bitcoin market can only be described as a dumpster fire. And I’m definitely feeling that pain. Like many of you, I bought into bitcoin for the first time back in Author: Fox Van Allen. Between riding prices down and reinvesting in the dips, most of the people who made money on the way up will give it all back on the way down. That’s the way every bubble ends and this one will be. Yes, it is possible to lose money trading BTC and crypto. It is, at the same time, one of the prettiest ways to be rich or poor. First of all, trading cryptocurrencies is not an easy task – .
Lost money trading bitcoin20% of All BTC is Lost, Unrecoverable, Study Shows
Click here to get the latest Bitcoin rates and start trading. Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium.
The most insightful comments on all subjects will be published daily in dedicated articles. You can also choose to be emailed when someone replies to your comment. The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Please continue to respect all commenters and create constructive debates.
Please be respectful when making a comment and adhere to our Community Guidelines. You can find our Community Guidelines in full here. There are no Independent Premium comments yet - be the first to add your thoughts. There are no comments yet - be the first to add your thoughts. Want to bookmark your favourite articles and stories to read or reference later?
Start your Independent Premium subscription today. Please enter your email address Please enter a valid email address Please enter a valid email address. Thanks for signing up to the News newsletter.
The Independent would like to keep you informed about offers, events and updates by email, please tick the box if you would like to be contacted Read our full mailing list consent terms here. Show 0 comments. Comments Share your thoughts and debate the big issues. Contact the Fraudulent Crypto Investment Platform: You will have to contact the trading platform that scammed you and stole your bitcoin cryptocurrency. Make them know that if they do not return your money, you will report them to the relevant financial authorities.
This doesnt necessarily guarantee that they will give you your money back, but it is definitely a step in the right direction.
Because when followed by action, your efforts could pay off. Report to Relevant Financial Authorities: Either you suspect you may be, or you know are a victim of trading fraud and you are doing everything you can to get justice.
Perhaps you have already opened a case with a scam recovery company like ours but you want to make sure that other traders do not make the same mistake. When you file your complaint, make sure to provide as much information as possible. Get Help Online: If youre keen on getting your money back, you may ask yourself the following questions; have I exhausted all options in getting my money back?
Would I just give up if it were to be a million dollars? Try to publicize your story and seek help online in any way you can. For example, post the name of the broker on Reddit, Quora or Facebook or social media to see if there are others who have information on this company or any clues as to how you could get your money back. This may also help prevent others from digging a whole in their bank account or credit card. Inform Your Crypto Wallet Provider: Contact your bitcoin wallet or crypto wallet and notify them that the company you paid is a scam and is refusing to give your money back.
This will raise awareness and ultimately jeopardize any scams relationship with the crypto wallet which may also help prevent others from being scammed. Hire Bitcoin Recovery Expert to Recover Scammed Bitcoin The other option will be to hire a bitcoin recovery expert to recover scammed bitcoin.
A bitcoin recovery expert is able to track bitcoin transactions and also investigate and apply all necessary technical processes needed to recover funds lost to bitcoin investment scam and other high level digital currency scams. Before now, there was no end-to-end effective solution in the public market for pursuing the rights of victims of cryptocurrency-related frauds.
The early stage, cross-border character, scale, and new technological complexity of blockchain has hindered efforts of victims and law enforcement.
A bitcoin recovery expert is able to use the combination of fit for purpose technology, operational processes, experience and capabilities to effectively recover scammed or stolen bitcoin and other misappropriated virtual assets.
Did you lose lose access to your account by losing your bitcoin private key or, did you lose money to fake bitcoin miners? You can get all your lost funds back by hiring one of the best bitcoin recovery experts out there. After a lot of thorough examination and scrutiny, we present to you the 2 best bitcoin recovery experts;. It is time to recover the money you lost with Binary Options! Once you know how scammers work and all their tricks, then it is almost certain you will get your money back.
This networks knows how to follow and recover your money, making sure it is refunded.