Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: John Kammy on October 22, 2020, 11:43:43 AM
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What all scams can we experience in the field of Crypto trading? Are there any ways to get aware of this and stay away from the fraud?
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You just have to be careful of where you buy your coin from always buy from reliable source and never give out your private key to anybody!!!
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I believe that many have already read new news in the media about the decision of the us government, where new requirements will be put forward for all cryptocurrency exchanges, and these requirements will most likely be supported by all governments of different countries, where each trader will provide passport data if entering or withdrawal of funds will exceed a certain amount. For many traders this situation will be very difficult.
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I suggest new investos, traders and holders, before investing any new projects specially decentralized finance projects,you should be carefully researched and investigate. Because nowadays most of the decentralized finance projects are turning into scams and valueless projects.
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Don't trade in fake exchange and wallets. Don't invest in fake projects mate. I already faced several times scamming situations. Now I have enough knowledge about exchange and trading.
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I believe that many have already read new news in the media about the decision of the us government, where new requirements will be put forward for all cryptocurrency exchanges, and these requirements will most likely be supported by all governments of different countries, where each trader will provide passport data if entering or withdrawal of funds will exceed a certain amount. For many traders this situation will be very difficult.
Cryptocurrency transactions have been declared illegal in many countries around the world. Because with its help different drug traffickers perform different tasks like hacking. Cryptocurrency transactions do not involve any third party. Forgetting that it is completely secure as it is done between only two people, money is exchanged for many illegal activities.
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When we tread we should look at many things because day by day scammer are technically advanced . We never can say scammer not attack in any projects . A good and trusted bounty Manager also be scammed by scammer so be careful for the future to tread
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Investment is for risk takers normally but recently the rate at which scam is growing in the system is very high, we just have to investigate properly before jumping to any investment and keep personal info to yourself. Be alert to the fact that scam exist.
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You have to dig if you invest in any projects. You give your money or time and they are precious. If you make a good search you will be never scammed.
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If you want to trade, you must have an idea about the market. Many people make a living by trading. So trading is currently considered as a source of income. So I think it is important for everyone involved in the cryptocurrency market to have knowledge about trading.
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Must have a good idea about trade you just have to be more discriminating with the help you render toward other people try to analyze trading charts only then will you be able to set the price of the currency and trade will become easier. Don't think of the source of income No one can make a profit at once if there is a loss in the first place therefore we have to follow the trading rules and move forward.
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Trading is something that you must have a good idea or acquaintance to do. If you have no idea about trading then you can never make a profit.If you have a good idea about the signals of this training or about trading or if you have no knowledge about the signals of trading signals then you will never be able to profit by trading.So if you want to trade, you must consider different aspects of it, otherwise you will face huge losses.
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To become a real trader he or she should follow some rules those are : Trader Always Use a Trading Plan, treat Trading Like a Business. He or she should use Technology to his or her Advantage. Trader should Protect his Trading Capital, try to become a Student of the Markets. Finally to take risk only What You Can Afford to Lose.
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What all scams can we experience in the field of Crypto trading? Are there any ways to get aware of this and stay away from the fraud?
Something that is too good can be suspicious. So do not fall for the offer of a high reward in telegram. Most of the time it ends up being a scam. Before investing in any project do proper research and follow news so that you always will be updated. That is how you can avoid scam project.
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Before trading you must be very careful to your assets because scammer are trying to hack your assets form your wallet. Now a days many exchangers are fake they try to bring your assets form your wallet.
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Before trading in any exchange or wallet especially those are new in crypto currency market should avoid it. Scammers are thinking advance so we should be very careful using new exchanges or wallets.
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What all scams can we experience in the field of Crypto trading? Are there any ways to get aware of this and stay away from the fraud?
The most common scam in crypto is fraud. You can easily check if the ico is legit or not by checking their organizational chart and double checking their credentials. There is no harm in checking and asking question.
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If you want to make a profit by trading, you have to give importance to every coin in the market. Currently many traders are benefiting by trading. New people are welcome in the market now. The prices of cryptocurrencies are constantly changing and prices are rising. At the same time a group of businesses are benefiting.