Topic: How do I be on a safer side in the cryptosystem? - page 2. (Read 435 times)
Crypto system is risky, but you can do a few simple steps to avoid being scammed. First of all, you need to diversificate your funds, never invest more than 10 percent from your portfolio in one project. Keep your coins on different wallets and on different exchanges, that would also help to minimise the loses, if something will go bad.
For current time, minimising risk is the best strategy.
Diversify. Diversification minimises risk. Don't put all your funds in a single wallet.
There have been every kind of hacks, theft, robbery and loss due to owns fault in crypto.
Diversify the coins you invest in. Even the so called best investment coins are going through their bad times. (Ethereum)
Diversify. Diversification minimises risk. Don't put all your funds in a single wallet.
There have been every kind of hacks, theft, robbery and loss due to owns fault in crypto.
Diversify the coins you invest in. Even the so called best investment coins are going through their bad times. (Ethereum)
Be wiser and try to listen what our senior mate give advice to us, it's better for us to separate our investments and always monitor of market movement.
Learn and understand market movements, try to find senior and trusted mentors, so that you can make informed decisions. Listen to suggestions that can help your position and can give you profit, think wisely and be a little smart will help at a safe point.
For current time, minimising risk is the best strategy.
Diversify. Diversification minimises risk. Don't put all your funds in a single wallet.
There have been every kind of hacks, theft, robbery and loss due to owns fault in crypto.
Diversify the coins you invest in. Even the so called best investment coins are going through their bad times. (Ethereum)
Diversify. Diversification minimises risk. Don't put all your funds in a single wallet.
There have been every kind of hacks, theft, robbery and loss due to owns fault in crypto.
Diversify the coins you invest in. Even the so called best investment coins are going through their bad times. (Ethereum)
Be wiser and try to listen what our senior mate give advice to us, it's better for us to separate our investments and always monitor of market movement.
I don't think anyone can ever tell you the surest way, but there are definitely guidelines that can help you be safer and not fall for scams.
The most important being patience and research.
There's no faster/quicker way to make benefits.
As a newcomer, first invest 'time' in the system.
Over a period of time and thorough research, you will definitely understand how this market works.
The most important being patience and research.
There's no faster/quicker way to make benefits.
As a newcomer, first invest 'time' in the system.
Over a period of time and thorough research, you will definitely understand how this market works.
To be safe in the crypto world. You just need to be very careful. Do not show or transfer your private key, never reply to the admins who write you first, keep your private key somewhere on a piece of paper, and do not visit suspicious sites. So you will be safe and scammers will be less likely to hack you.
You can if you don't just invest in anyhow coin, select those coin with good potential in market and invest little on them to hold for long term and can sell when high and rebuy at some percentage down to get more token , so you should always read news and follow up on all investment as anything can happen which might cause a sharp dip so always set your stop lost too.
Not really sure what your question refers to it could be two things.
1. Capital preservation.
If you are invested now is you value at risk of further depreciation? if you are sticking to the well establsihed coins then I would say NO I don't see the market sinking much further from the current point so just HOLD and wait for things to turn around.
2. Security from Hacking.
Your wallet and information should be treated the same way as your ATM card and PIN, take the maximum precautions with your cash, make strong passwords and never share them with anybody, keep a backup under lock and key just incase you have a disk crash or forget your details.
1. Capital preservation.
If you are invested now is you value at risk of further depreciation? if you are sticking to the well establsihed coins then I would say NO I don't see the market sinking much further from the current point so just HOLD and wait for things to turn around.
2. Security from Hacking.
Your wallet and information should be treated the same way as your ATM card and PIN, take the maximum precautions with your cash, make strong passwords and never share them with anybody, keep a backup under lock and key just incase you have a disk crash or forget your details.
Never jump easily to conclusions. Be sure you have thought and studied many times before deciding where (or what coin) to invest in. Another thing, never entertain private messages from strangers through email or social media platforms.
invest in top 20 coins, all are so cheap now . so you have better opportunity to earn good money there. also do not invest in one coin. invest in 5 to 10 different alts. also keep your private keys safe
the safest side is the gift hunter. because not a little spend money just to participate, if the project is a scam project, it may only be a loss of time and mind. but there is a little emotion
There is no 'safer side' in cryptosystem or cryptoland, everything is possible once you started it.
the only thing that you must do if you want to keep yourself on the 'safe side' is to not invest your money into any cryptocurrency especially alternative coin.
we do not know what will happen with cryptocurrency, because some peoples are supporting it while another peoples are hating it.
but if you keep insisting to play this game,the only thing that i need to tell you is to play everything that you can afford to lose.
remember, everything is possible!
the only thing that you must do if you want to keep yourself on the 'safe side' is to not invest your money into any cryptocurrency especially alternative coin.
we do not know what will happen with cryptocurrency, because some peoples are supporting it while another peoples are hating it.
but if you keep insisting to play this game,the only thing that i need to tell you is to play everything that you can afford to lose.
remember, everything is possible!
Just do your research, and if it sounds too good to be true, it probably is.
Oh and if it ever says "free coins" it's probably a scam.
Oh and if it ever says "free coins" it's probably a scam.
1. Know you're in the wild, wild west.
2. Research, research, research.
3. Learn to discern between posts that contain factual information, and mindless shilling.
4. Make a list of 5 or so coins that look interesting to you. Know why you think they are promising.
5. Do paper trading, that is, write a buy date and coin down, and track it for months. Learn from the ones that lose and gain, the reasons why.
This should give you a risk-free introduction.
2. Research, research, research.
3. Learn to discern between posts that contain factual information, and mindless shilling.
4. Make a list of 5 or so coins that look interesting to you. Know why you think they are promising.
5. Do paper trading, that is, write a buy date and coin down, and track it for months. Learn from the ones that lose and gain, the reasons why.
This should give you a risk-free introduction.
To be on the safer side in the crypto space, there are few things you must do or follow, first is that you have to learn a lot about the crypto space and blockchain tech and second is that you don't have to invest all your money, invest the money you can let go, if you happen to lose them and finally always understand that the space is risky, you can make profit or you can make lost, so always take the best decision and never regret your decisions.
My tips if you need to use the money you can afford to lose if somehow you cannot make a profit. Don't use too many coins if you don't know what next things you want to do and if you want to buy, don't go all in one time buy order but split to many buy order. Take a break if you think the market is not going up and don't watch too often because this will attract you to become panic.
How do I be on a safer side in the cryptosystem?
always invest in the amount you can lose and understand the risks first rather than profit. 
Always invest your spare money and don't put your all eggs on one basket.But the most important take risk on your own loss.
Don't invest, just look and learn everything you need first. It might be just a simple thing from the outside but it is a risky and complicated thing. Don't rush.
For current time, minimising risk is the best strategy.
Diversify. Diversification minimises risk. Don't put all your funds in a single wallet.
There have been every kind of hacks, theft, robbery and loss due to owns fault in crypto.
Diversify the coins you invest in. Even the so called best investment coins are going through their bad times. (Ethereum)
Diversify. Diversification minimises risk. Don't put all your funds in a single wallet.
There have been every kind of hacks, theft, robbery and loss due to owns fault in crypto.
Diversify the coins you invest in. Even the so called best investment coins are going through their bad times. (Ethereum)
That is a good question. For you to be safe in this crypto ecosystem, you must first study the background of cryptocurrency and all its details. So that you know the possible outcome. And also avoid all the scammers, especially pretending to be a admin. Remember, the admins will not pm you first.
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