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Alex Ferguson Becomes Part of Bitcoin Scam That Is Too Clever to Ignore

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  • Alex Dovbnya
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    Alex Ferguson unknowingly gets involved in an infamous Bitcoin scam that wants to turn you into a millionaire

Alex Ferguson Becomes Part of Bitcoin Scam That Is Too Clever to Ignore
Cover image via www.123rf.com
Contents

Former Manchester United coach Alex Ferguson became the latest celebrity who ended up promoting a blatant Bitcoin scam without knowing anything about it, Naked Security reports.

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New Bitcoin Scam Becomes Popular on Social Media, Making MFSA Issue Warning for Investors

Who wants to be a crypto millionaire?

Brand-stealing fraudsters spread the link to a bogus BBC website that features an article about Ferguson at a cryptocurrency conference out of all places. Below the photo, there is an article about how Ferguson made a crypto fortune. Of course, Ferguson hasn't been bitten by a Bitcoin bug just, and the picture was illegally photoshopped. 

BBC

However, some uninitiated users might think that the ripoff looks fairly legit given that it mimics the design of the real BBC website and it doesn't have any intrusive ads. 

The point of this article is to make you click an unsuspicious link below the photo that leads you right into the Bitcoin Revolution rabbit hole. 

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Bitcoin Investing Scam Gets in the Crosshairs of US Regulator

Bitcoin Investing Scam Gets in the Crosshairs of US Regulator

A Bitcoin scam epidemic

Bitcoin Revolution keeps plaguing gullible social media users and a bunch of celebrities whose reputation takes a hit due to numerous fake articles. 

Jeremy Clarkson, Elon Musk, Simon Cowell, and other A-listers have been targeted by the vicious Bitcoin scam. 

Hence, Naked Security warns its readers against trusting famous logos and images given that they can be easily faked. On top of that, it is never a good idea to invest you something that promises you guaranteed returns.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
    📰 News

    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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Peter Schiff Reacts to Sudden Bitcoin Price Drop: "Get Ready for the Dump!"

Peter Schiff Reacts to Sudden Bitcoin Price Drop:

"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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