Reply to post: Yup should have been suspicious

Yup should have been suspicious

Yup they should have been suspicious being promised 10% daily returns (as first poster and many have said.)

Cryptocurrencies are highly volatile, higher volatility means high and fast potential gains, but also faster potential losses (and the potential to make 0 if the money is sitting but not being actively traded.) Indeed if these people were promised any particular level of profit they should have run straight away.

Also, you'd hope some of these people would do due diligence to realize they do not have to take their money to some magic startup to roll the dice on cryptocurrency, there are forex traders who got bored with the relative stability of currency trading and have applied their techniques to crypto trading. If you want to invest in crypto without watching over it yourself, you do not have to take your money to some magic crypto startup, there are conventional investors who are happy to professionally* invest your money in crypto.

*Crypto in general, due to the high volatility, is really above the risk levels professionals typically take. But they will apply their hard-earned professional techniques and experience they use to eek out profits from some 1% price difference in forex, to try to make and hold profits in crypto, so they're likely to be better at it than a lot of randos who just go on and trade some currencies around.