Is cryptocurrency a scam or an interesting way of earning money? - ProProfs Discuss
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Is cryptocurrency a scam or an interesting way of earning money?

Asked by R.Roanre, Last updated: Apr 16, 2024

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Anika Nicole

Anika Nicole

Content Writer, Teacher

Anika Nicole
Anika Nicole, Wordsmith, PG In Journalism, New York

Answered Apr 23, 2018

Well, it’s a challenging question and I think, different people have different answers to this question. My personal experience says that Cryptocurrency is nothing but a scam.

In the month of January and February this year, there were about total 22 scams with theft of $400, 000. This only happened as there is neither a central governing system nor can you see your money physically. All USA citizens are well aware of this fact, but they are still fond of playing Android games with the only motive of earning Cryptocurrencies or doing business transactions with unreputed sellers. I got scammed by one of these games of almost a $100.

There are many games available online which claim to earn money via bitcoin money. Even experts like Warren Buffett warn against cryptocurrency. If you are eager to get involved in the scam called cryptocurrency, let me tell you one thing, there will not be any higher authority that will let you sue them for money laundering. So, be careful!

If you are playing the cryptocurrency mining only for fun, then the chances of getting stuck in the scam are very less in comparison to financial incentives mottos. Hence, the decision rests on you.

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