Published by:

Binary Trading Meaning

I am not entire familiar with these trading, does this look like a scam, anyone knows more about these strategies where to find reasonable explanation ?

1

asked Jan 25 at 17:56 163 1 1 silver badge 5 5 bronze badges Comments have been moved to chat; please do not continue the discussion here . Before posting a comment below this one, please review the purposes of comments . Comments that do not request clarification or suggest improvements usually belong as an answer, on Personal Finance & Money Meta, or in Personal Finance & Money Chat trusted binary options websites . Comments continuing discussion may be removed. Jan 26 at 19:42

I'll suggest that it would be an improvement if this question were closed, because it (and the OP's interactions in comments) look like it's part of a scam to direct readers to the various scam sites that it tells people to check out.

Jan 26 at 20:50 This question is not a scam ! I wrote this message myself . If you have any concerns, please reach out to me directly . I fell victim to this, and perhaps many others will too binary options support and resistance strategy . This is meant to raise awareness for others . Hopefully, it will help prevent others from falling into similar situations! Jan 26 at 22:53 I have edited the question to provide more context Jan 26 at 23:03

Introduction Binary Trading Meaning

All crypto is (subjectively) a scam, given that there is no external valuation metric, leaving the value purely based on 'future sales' ie: how long the hype train will last.

More to the point - anyone approaching you about 'novel' crypto ideas is (with 99.99+% probability) a scammer. The field is rife with them.

More specifically to the question you've raised here: if a random person tells you that they have a way for you to make money by sending them money, you must understand where they would profit. Are they providing advice for an up-front fee? Are they asking for a continual % of your future assets? Are they avoiding the subject, pretending that they are simply evangelists of the dawn of a new era?

I count MANY red flags in your question, all of which should be taken seriously, with the net result that this is, objectively, a scam. For example see the below 7 in no particular order:

  • It's a random person you appear to have no connection with;
  • There is no reason given to trust this person [eg. licensure with a governing body, or other direct confirmable association with credible entity];
  • The 'tech' is not yet online;
  • There is an appeal to how "everyone" is doing it [even the famously-trustable Donald Trump!];
  • There is an implication that it will be on "you" to perform the actions, leaving significant room for any loss to be blamed on you.
  • As mentioned - it revolves around crypto, shady at best, and filled with scammers at worst [just google "list of known crypto scams" or "crypto rug pulls" or "mt gox" or "ftx crypto" or "not your keys not your wallet"] to see some quick examples
  • They are offering returns of up to 50% - when even a 10% annual return would be questionable, and a 20% annual return would imply an insane level of risk. With 50% return, why do they need your money? They should enough money to do it themselves after just a few days! After all, starting with $1 and earning 50% per day would give them $600 Million dollars within 2 months!