Over the last few months, many people have contacted me to say they've joined various companies trading in various Crypto Currencies, and they've lost every penny.
One minute the currency rises, the next minute, its gone. Traded away.
And were not talking peanuts here, were talking thousands of pounds.
No Refund. No Chargeback. No Legal protection. GONE.
The Ad Pack Scams that sprung up over the last few years are quickly being replaced with Crypto Currency Scams instead.
And be in no doubt - they are all SCAMS.
Whether they're trading in Crypto Currencies or selling you a 'new' Crypto currency,
the outcome is the same:
A tiny proportion of people will make money, but most people will eventually lose it.
Each one will have a variation of these terms:
'All trading involves risk.
Only risk capital you're prepared to lose.
Past performance does not guarantee future results...'
...which is basically a scammers 'get out of jail' free card.
If it seems too good to be true - it IS too good to be true.