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Bitcoin - Trap Or Trend-Forming Breakout?1. Fake ICOs. A fake initial coin offering (ICO) has all the trappings of a legitimate ICO but with none of the supporting technology or infrastructure. What are common cryptocurrency scams? � Ponzi schemes � Pump-and-dump schemes � Fake ICOs (initial coin offerings) � Fake crypto exchanges � Fake. Cryptocurrency scams are financial frauds that steal from victims using digital currency. These scams take advantage of the anonymity and decentralized nature.
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