Their “scam” puts $27,500 in your pocket… Legally!

When you hear “cryptocurrency scam,” you’re probably thinking someone somewhere lost all of their money to shady people behind computer screens.

While you’re not wrong, there are tons of other ways cryptocurrency can be contorted to serve a scam artist’s interests.

One such scam comes from the very top…Bitcoin sweethearts don’t like when the competition comes snapping at their heels.

That’s why a Bitcoin analyst, amidst a flurry of lawsuits, labelled this crypto a “scam coin.”

Crypto politics aside, that scam coin can put $27,500 in your pocket.

Want to know how?

I try not to let the headlines dictate where I find my money makers…but sometimes the talking heads stumble into a gold mine and they don’t even know it.

That’s how I found out about this so-called “scam coin.”

I did a little digging, and turns out that’s just a ploy by their competitors (namely Bitcoin) to chase away buyers.

Digital coins are usually very similar to each other, and the scam coin allegation is based on a flimsy hunch.

A Bitcoin analyst said through Twitter that the Securities and Exchange Commission (SEC)—also known as the crypto police—would bring down “Thor’s Hammer.”

He says that the scam coin should never have existed because it’s accused of selling unregistered securities.

The company in question has a few months to file a response to those accusations, which they’ve faced before.

Clearly, it hasn’t impacted the movement of their coin, seeing as the profit I’m going to offer you was made scotch-free.

The “scam coin” I’m talking about is Ripple’s XRP.

It is currently the third-largest cryptocurrency on the market, preceded only by Bitcoin and Ethereum, and has a market capitalization of $11.4 billion.

They’ve been battling this lawsuit for some time, since an investor filed the first complaint last year.

But what company nowadays doesn’t have envious investors accusing them of something?

Think about it: Bitcoin just had its worst performance in a long time earlier this month. What would you do if you had all of your money in a sinking security?

You’d point fingers at the one threatening to take it down.

XRP is unlike Bitcoin in that its price is astoundingly low.

Normally we don’t pay attention to that here because a stock pick is good based on its chart, not its price.

But in this case, it works out in your favor.

Check out this chart.

In April of 2017, XRP sat at a jaw-dropping $0.03.

You could buy 10,000 XRP and only spend $300.

And that’s why this payout is even better than you thought.

See that spike in the center there?

When XRP jumped up to $2.78 in January of 2018, your $300 becomes $27,800.

That’s a profit of $27,500 for you!

So cryptocurrency politics aside, there’s no mistaking that this ‘scam coin’ can put some serious cash in your pocket.

Don’t let the talking heads deter you from profits like this, use your own judgement to sort the scam coins from the cash cows.