Amid worldwide crisis and stock market turmoil, a growing number of investment schemes advertise a way to speedily double your bitcoins. Moon Bitcoin Live, for example, claims to be a licensed bitcoin doubler, promising that investors can double their bitcoins within 24 hours, with guaranteed payouts. However, there are many red flags about this type of investment scheme.
Moon Bitcoin Live
Plunging stock markets and the coronavirus scare have crippled many industries and driven many people to seek an alternative way to make money. Unfortunately, many scams are capitalizing on people’s monetary desperation, some of which have been around before Covid-19 while others only recently popped up.
Among them is Moon Bitcoin Live, a bitcoin doubler scheme that promises to double your bitcoins within 24 hours. Its website contains many bold, unsubstantiated claims, displaying the message “Moon Bitcoin Live Awesome Investment” right front and center. “Moon Bitcoin Live gives you a real platform to multiply your bitcoins instantly,” the website states, claiming that it is the “first trusted bitcoin doubler” and payouts are guaranteed. This investment scheme is very similar to a few others, including Bitcoin Doubler Club.
Red Flags, Guarantees, Bitcoin x2 in 24 Hours
Like many scams, Moon Bitcoin Live has some obvious red flags. Investment fraudsters always hit their targets with an array of persuasion techniques, counting on them not to do research before investing. Besides promises that are too good to be true, such as “double your bitcoin in just 24 hours,” “100% secure,” and “instant payouts after 24 hours,” Moon Bitcoin Live…