Topic: Be cautious in buying and selling coins (Read 259 times)
Indeed many crypto enthusiast are already learning the skills in sweet talking among the crypto industry community. Many have invested to a coin and tokens that are promoted by sweet talkers and persistent invitees that when the scam has been already done they vanish into the thin air of the crypto currency space.
I am very sorry that I used to sell and buy coins with people I did not know, and finally I was hit by the consequences of my account being redeemed
I even more often hear about such cases that send a token to other address and it vanishes. Especially often it happens when otrpavlyat tokens on the exchanges that to sell them. It is necessary to wish only to such traders to be more attentive before to send something it is better to check correctness.
Sometimes you can be lured by sweet words and might fall into others trap. As a newbie here you are motivated to try trading for the first time and then decided to buy and sell to earn a little profit. Check on those cheap decentralized exchange and then buy the coin you want to buy and sell, and the suddenly you can’t sell it on legitimate exchange. The last thing you know is, it’s a wrong coin but with the same name but with different contract address.
Always be more cautious nowadays because a lot of trap are out there trying to make money from us, as a newbie also in crypto, i am sure that everybody should do a study first on certain coins we want to trade or buy or sell, the fact is many are scammers are out there, and are making money in huge amounts in introducing new coins, and then abandoned it at the end, so lets be careful on what coins we trade. Lets help other newbies to be more educated.
Sometimes you can be lured by sweet words and might fall into others trap. As a newbie here you are motivated to try trading for the first time and then decided to buy and sell to earn a little profit. Check on those cheap decentralized exchange and then buy the coin you want to buy and sell, and the suddenly you can’t sell it on legitimate exchange. The last thing you know is, it’s a wrong coin but with the same name but with different contract address.
Yes of course we need to be always wise in buying and selling coins... Because if we didn't do it our money is always at risk... It is much better to take a good actions before we participate in every transaction here... Making a great decision will help us to earn more profit that's why we always need to be cautious...
Sometimes you can be lured by sweet words and might fall into others trap. As a newbie here you are motivated to try trading for the first time and then decided to buy and sell to earn a little profit. Check on those cheap decentralized exchange and then buy the coin you want to buy and sell, and the suddenly you can’t sell it on legitimate exchange. The last thing you know is, it’s a wrong coin but with the same name but with different contract address.
That's why we need to be careful in buying and selling our coins in different exchange. Much better to trade on the exchange that already known. And always check the coins and contract address if it is right and legitimate.
Thanks for the valuable information, I had the same thing when I bought the coins and they had a different address of the contract. It was a small loss, but now I always check the address of the contract and recommend it to you.
yes friends need to be careful. because a lot of money to buy and sell you waits for you to steal your money and it will drop you down. It's a very important thing for beginners to him
There is a project where pricing operation was done in a certain project. The value went up by 60 times at a stroke. I lost credibility as the operation got bald and I knew the collapsed project. A steady effort is necessary.
Sometimes you can be lured by sweet words and might fall into others trap. As a newbie here you are motivated to try trading for the first time and then decided to buy and sell to earn a little profit. Check on those cheap decentralized exchange and then buy the coin you want to buy and sell, and the suddenly you can’t sell it on legitimate exchange. The last thing you know is, it’s a wrong coin but with the same name but with different contract address.
That's why we need to be careful in buying and selling our coins in different exchange. Much better to trade on the exchange that already known. And always check the coins and contract address if it is right and legitimate.
On decentralized exchanges, you always need to check the address of the contract in order not to be a victim of fraud. I also recommend installing Metamask to protect yourself from phishing links to exchanges.
I also advice Metamask and MEW wallet, it is far more safer to store your coins in your wallets, as even exchanges can be hacked and you can loose everything.
On decentralized exchanges, you always need to check the address of the contract in order not to be a victim of fraud. I also recommend installing Metamask to protect yourself from phishing links to exchanges.
I think everything will be fine if you guys have enough knowledge before start trading 
). For example, when you buy a new token on a decentralized exchange like ETD or Forkdelta, you need to add token if it's not available and you need to fill name, decimal and contract so how you can buy the wrong token with the same name but different contract while you filled it in
). For example, when you buy a new token on a decentralized exchange like ETD or Forkdelta, you need to add token if it's not available and you need to fill name, decimal and contract so how you can buy the wrong token with the same name but different contract while you filled it in 
the best thing that we can do is only select the top ten coins in the coinmarketcap and then we can analyze one by one and we can choose one or two coins to buy. this will be good if the coin is on the low price so we can try to buy without waiting the time of the down price but if the price is still on the green then maybe we can move to the other coins so our chance will bigger to get the cheap price coin. after we can get the coin, it is our jobs to wait for a while before we sell the coins and make a profit and don't be greedy when you see that you are making a profit from that coin and it is better to sell when it's on the highest price.
Sometimes you can be lured by sweet words and might fall into others trap. As a newbie here you are motivated to try trading for the first time and then decided to buy and sell to earn a little profit. Check on those cheap decentralized exchange and then buy the coin you want to buy and sell, and the suddenly you can’t sell it on legitimate exchange. The last thing you know is, it’s a wrong coin but with the same name but with different contract address.
investing in the world of cryptocurrency does have a very big risk, maybe you can lose all the wealth you have if you choose the wrong way to invest.therefore in investing you need to look at market conditions first and monitor every coin movement, so that you can invest well. And one more thing do not easily trust the people you just met in the crypto world, moreover the person promises definite benefits and an investment that promises huge profits, because the investment is likely a fraud.
many forms of ICO project fraud, before buying an initial coin, you should look for info in detail, lack of security that guarantees investors, is the main problem that occurs
Do not listen to the words in the chat. Always think in your head. Free of charge only in the mouse. Before you start trading with a coin. study the project. Is it developing? And only after this, tougrade this coin. Or invest in coins from TOP 10
I think newbie traders should start off with established currencies. Top 100 (by market capitalization) if possible.
Also trade on only familiar exchanges.
Also, avoid following recommendations and suggestions solely. Always do your own research
Also trade on only familiar exchanges.
Also, avoid following recommendations and suggestions solely. Always do your own research
I always tell everyone that you need to be careful. In the crypto-currency sphere there is a lot of money, so there will be always different kinds of fraudsters.
If you trade on decentralized exchange, before buying any coin, one thing you should consider doing first, I to check the contract address of the token you are buying and make it's same as the original. You can always get the original contract address from the token management/Channel
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