Topic: Every possible wrong crypto advices - page 3. (Read 416 times)

I almost said that this thread does not worth discussing because it could lead to speculations of wrongful implications but I also think the otherwise that yeah, it Worth discussing because they are crypto investors whom had wrongly orientated newly investors.
So, taking notes of such related advices would help others to defeat such misleading scenarios.

But on this course, I am not going to disclose any of the wrong advices instead I would stand against them so that the newbies could as well have a comparison so as to make their choices with all clarity of positive and negative knowledges.


There is no one to hold responsible when you have your assets lost on the centralized exchange so don't get fooled.
It is always easier to say than to do so, Save your assets on the decentralized and non-custodial wallets and save your energy of those stresses of chasing a legal means to be compensated. Be aware that the centralized jurisdiction can deny you such files of holding the authorities responsible for your lost funds.
Remember your inability to take 100% security conciousness of your security gadgets can be a response possibilities to your lost funds which your appeals can be ignored. So with an easier awareness, stay off the risks.


On the contrast of cutting the cost of custom and shipping fees, be aware that the local store dealers may have added those costs to the price. So if you may be attentive enough, you would found it out that buying your hardware wallets online maybe cheaper than the local stores only that the online fees are scary which could be on almost same price range with the local stores if we should sum it all up.

Als remember there are high risks of buying in the locality because some unqualified hardware producers could venture of developing insecured wallets that may have your funds at risk also be aware that there are illegal dealers who may have malicious intensions of compromising your Wallet privacies unlike on-line that is periodically genuine, authorized in operating with certified licenses to be authenticated.

So, have your assets funds more valued that cutting costs of the customs and shipping fees


To my little knowledge to this because I find them all good investments but while I would say Bitcoin is better than the rest mentioned is that Bitcoin is highily liquified digital assets which you can digitally hold your asset while the technology volatile nature of it revolves around the determinant of your assets value and also the fact that it is a program operating on decentralized policies.

Much interesting part of Bitcoin is that it is secured from any nature of crisis such as the natural disasters unlike the the Bitcoin gold and the Golds which are bound to be effected destructively when such disasters rocks and also the its centralized potentials that the governments would always have to deploy their selfish interests surrounding the golds markets.


There is a much risk in storing your Bitcoin in a custodial wallet because you would not be in total charge of having your private keys all by yourself and it is certain as to be said "Not your Keys, so also Not you Coins" because there is always a third party accessible to your custodial wallet having your assets at the pace of risks.

While non-custodial is a wallet platform that has you the privileges to have your private keys all by yourself there is obviously to say that "Your Keys, Your Funds". You are at all right to govern your assets by yourself at your Privacies having your assets a stronger security Blockchain.


At some points OP, I consider some sense out of this because if you can loan from an understanding body who may ask give you a more convenient time to pay back, then I don't see anything wrong here. Bitcoin is not a get rich quick to venture into loaning to Invest under pressures of paying back in a short time otherwise, there is a succeeding faith to be prosperous on loaning to venture on crytop investment.
This is just about understanding but it would be a failed attempt when the investor dares to take loan invest crypto conditionally on paying back in a short time.

1. Give your private details to a company when they send you an email asking you to log in to your account, there is nothing like a phishing scam.

2. Inform your friends about your investment, you know there is love in sharing.

3. Believe in social media influencers and crypto giveaways  they are all genuine, there is no such thing as a pyramid scheme.

4. Don't be scared to invest even if you don't know anything about cryptocurrency. It's a quick way to make money, or do you want to miss out.

5. Make your private key visible People need to know it, just like they need to know your cell number.

1. Invest in Bitcoin now and you will get rich in a few years.

2. Use a single, multi-coin wallet for all your crypto holdings because it is more convenient to have them all in one place.

3. Don't sell any of your assets no matter how high the market may go because it will always go higher in the future.

4. Sell your property, invest the money in cryptocurrencies, and buy it again when you get profits.

5. Some altcoins are better than Bitcoin.

This will be fun, drop you 5 wrong crypto advice you can think of, I will go first.


1. You should store your crypto assets on centralized exchanges, the bigger they are the better, so if they lose your assets you will be able to hold them responsible.

2. Buy your hardware wallets from local stores nearby, you will save a lot on custom fees and shipping fees.

3. The cheaper the better, Bitcoin Cash and Bitcoin gold are better than Bitcoin.

4. There is no difference between a custodial and a non-custodial crypto wallet.

5. You can become rich by taking a loan to invest in crypto.