The “cryptocurrency charlatan” is someone who, in bad faith, takes advantage of the enthusiasm and complexity of the cryptocurrency market to deceive investors. They promise quick returns and high gains, often without providing a solid basis or transparent information about the investment. This type of scammer usually offers “guaranteed profits”, something impossible in a volatile market like the crypto market, and uses pressure tactics to convince the victim to invest quickly, creating a false sense of urgency.
By avoiding details and clarity, the cryptocurrency charlatan tries to divert attention from possible warning signs, betting on the lack of regulation to protect himself. The best defense against these practices is in-depth research, verification of credentials and consultation with reliable sources before making any investment decision.
In short: Be suspicious of yourself; don’t even mention others!
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