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Author Topic: Be careful of the coin you invest on.  (Read 3866 times)

Offline bayu7adi

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Re: Be careful of the coin you invest on.
« Reply #75 on: May 28, 2024, 09:50:10 AM »
Exactly as cryptocurrencies are gaining more recognition, that's how the numbers of scams that relate to this space are increasing too. So those of us we have to work our ass off before earning, should be careful of the way we invest those hard earned funds.  Because alot of scammers are at there , that are finding all means to get one hard earn money.

Like a friend of mine he said he Invested on a certain project, hoping for something big but at the end the project run with alot of people money even his . So avoid that from happening to us we have to be cautious.
Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.

Education about the dangers of fraud should be understood by all potential investors, because we will never know where, when and where this danger comes from. Projects that are abandoned by their owners can be used as valuable lessons for all of us to understand how fraud itself works.

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Re: Be careful of the coin you invest on.
« Reply #75 on: May 28, 2024, 09:50:10 AM »

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Offline Dr.Bitcoin_Strange

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Re: Be careful of the coin you invest on.
« Reply #76 on: May 29, 2024, 05:37:37 AM »
Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.
This used to be the order of the day in the crypto world, especially when it has to do with buying and selling of crypto, naive investors were tricked into sending their bitcoin first before they can receive their money, or to send in their money first before they can receive their Bitcoin, and this has been used to defraud so many naive investors, and even those who have somewhat knowledge of Bitcoin and the crypto world, Hence the introduction of escrows and p2p services, but even im face of these services set to enhance the security of one's assets, people are still being manipulated and scammed of their hard earned money.

Offline albon

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Re: Be careful of the coin you invest on.
« Reply #77 on: May 31, 2024, 12:00:55 PM »
If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.

Offline Agbe

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Re: Be careful of the coin you invest on.
« Reply #78 on: May 31, 2024, 07:14:17 PM »
If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.
many people got disappointed in this year halving because they're miscalculation about the halving for them to invest. And after the halving it becomes difficult for people to know the time to invest. Because they thought before the halving the market would come down to $20k or below but it wasn't. And the altcoins became stagnant and some of them were having some challenges so to invest was the problem so most people who were interested to invest at that time forfeit the interest to invest. Cryptocurrency is unpredictable so when you make research before investing too. The best is always know when to buy and when not to buy.

 

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