Bitcoin, being the forefront in the market, has been in the news for quite some time now for both its positives and pitfalls. First Option Recovery, a firm dealing with scams (primarily Bitcoin scams), has been in the business for over a decade with more than 3000+ cases handled and over $19 million recovered. The firm, headquartered in Albany, New York is at its forefront handling all the complex financial cases with ease and professionalism and with a 90% above success rate. Our unique methodology of dealing with frauds (primarily bitcoin scams), forex frauds and even chargeback frauds have made us the numero uno choice among all fund recovery programs across the globe.
There is an age-old debate as to whether bitcoin is scam or legit. A form of decentralized currency, without a proper administrator and no government regulations backing it, BTC was developed by Satoshi Nakamoto in 2009 who has remained anonymous till date. The term, when fragmented, makes two words Bit and Coin meaning Shorter Coin.
Transactions take place after being recorded in the blockchain mechanism, these have a set of network nodes that need to be verified to form the required blockchain. The transactions are encrypted and no third authority can know how much money was transacted, the prime reason why this currency is used for illicit activities and has been the forefront in the race of the bitcoin scam that exist.
Initially started with a base value of $1, today 1 BTC is approximately worth $7000. Price fluctuations being normal, it once reached a high of $16,000 in the wee hours of 2017. While First Option Recovery already predicted its upsurge way before, all thanks to its amazing team of advisors, we are constantly keeping in touch with the price fluctuations as well on a daily basis.
Storing Bitcoin is no longer an issue, with various e-wallets coming up nowadays. The e-wallet is encrypted with a password and one can easily store as much money as he wants. The other option is Hardware wallets, although their storage is limited.
Owing to its popularity, Bitcoins can be misused a lot and that exact thing is happening in this world. Bitcoin scams have skyrocketed in the past few months and true to its calling, new scams are being found out every day. First Option Recovery already has a vast portfolio of all the bitcoin scams that have been happening in this world and now, it now details you about the bitcoin scams list to you.