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Topic: How do I be on a safer side in the cryptosystem? (Read 422 times)

brand new
Activity: 0
Merit: 0
I follow the news about https://whirl.com platform and with each new article I beleive more and more that it is a worthwhile project. The team looks very professional, now they are going to start bounty campaign and pre-ico... I'm not so long ago in such projects but I'm very exciting to see something very interesting like that!
newbie
Activity: 18
Merit: 0
To stay on the safer side of crypto, always study the unknown things that you will come accross in the crypto system. It is best to do your study and make your own strategy. Being extra cautious comes with the package. Going for the more stable coin is a safe way to do investment and gain profit.
sr. member
Activity: 686
Merit: 250
How do I be on a safer side in the cryptosystem?

The best way for you to be on the safer side is to ensure that you are investing in the best coins in the market. There is a lot of money to be made from investing in new and lesser known coins but there is more risks involved in them. If you are investing in coins like bitcoin and ethereum then you can be sure that the coins are always going to do well
full member
Activity: 1024
Merit: 100
As a begginer on blockchain I have come across many thread about scam and how people do regret be scammed since cryptocurrency  is decentralized as it does not involved third party which makes it to be 100% rsky. My question is how do I be on a safer side to avoid stories that touch am new here and I will be very happy to learn from you all.

how easy it is not too trusting in something. many people are deceived because they are promised big profits, if they can be more careful there might be no fraud cases. Scam exists because many people whose kuran have basic knowledge about crypto.

my advice if you want to be safer, don't hold the crypto too long. whatever the reason crypto is actually not an investment that is suitable for long-term investment.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
First, you have to be safe on this forum and by that I mean that if you post such vague questions then the chances are that your posts will be deleted and your reputation will decrease.
Post your question with all the necessary details. You should have mentioned in which platform of crypto do you wanna be safe. Is it related to trading, ICOs, investing, mining etc.. ?
Nobody will be able to answer your question precisely if post questions just like that, randomly .
sr. member
Activity: 714
Merit: 250
For me the safest things in cryptocurrency is doing some bounty campaign, we don't need use our fund to make a purchase on the coins that we wanted, we simply just working on the project, and when its done' we'll simply retrieve the reward.
full member
Activity: 532
Merit: 170
How do I be on a safer side in the cryptosystem?


I think it is very difficult to be in a safe position for now, the red trend always dominates the market, and it is likely that this will continue in the following month. one that I can do is currently trading and trying to reduce losses
newbie
Activity: 18
Merit: 0
To stay on the safer side of crypto, always study the unknown things that you will come accross in the crypto system. It is best to do your study and make your own strategy. Being extra cautious comes with the package. Going for the more stable coin is a safe way to do investment and gain profit.
full member
Activity: 462
Merit: 113
Need me? PM me!
As a begginer on blockchain I have come across many thread about scam and how people do regret be scammed since cryptocurrency  is decentralized as it does not involved third party which makes it to be 100% rsky. My question is how do I be on a safer side to avoid stories that touch am new here and I will be very happy to learn from you all.
To be on a safe side in cryptocurrency, keep your portfolio in Bitcoin at all times because it is the one who drives the price of all altcoin. Everytime you buy an altcoin you have to investigate and research the project very well because around 90% of altcoin in the market are either scam or shitcoin.
Keeping your portfolio in Bitcoin is really a real deal in cryptotrading but for me -- but if you're assets are inside of an exchange then keeping it in USDT is the best choice if you want to be safe, that's the most (for me) stable thing in cryptospace.

Anyway, Jellachrist, if it is too good to be true then it is more likely not. Just keep in mind that if a scammer wants there victims to be a victim, then they'll do everything they can - they'll say every sweet words they can. It is not hard to put doubt.
newbie
Activity: 29
Merit: 0
The cryptocurrency is in much stable position now, so you will be safe anyway. But to be always in the safe side, you must be cautious always while investing. Also, not to invest all your money at once, and also try different emerging coins. But business is all about volatility, risk and also a bit of luck. So you might have to struggle a bit nonetheless.
copper member
Activity: 364
Merit: 1
Best way to be safe, don't follow the crowd. There are too many crypto groups and people coming up to say s2tuff about coins, ico, exchanges.. Do a good research on whatever type of investment you want to make, whether long term or short term, the coins you want to take up investments with, etc. In that way, you won't have to blame anyone on what decisions you took.
sr. member
Activity: 644
Merit: 250
As a begginer on blockchain I have come across many thread about scam and how people do regret be scammed since cryptocurrency  is decentralized as it does not involved third party which makes it to be 100% rsky. My question is how do I be on a safer side to avoid stories that touch am new here and I will be very happy to learn from you all.
To be on a safe side in cryptocurrency, keep your portfolio in Bitcoin at all times because it is the one who drives the price of all altcoin. Everytime you buy an altcoin you have to investigate and research the project very well because around 90% of altcoin in the market are either scam or shitcoin.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
How do I be on a safer side in the cryptosystem?
Learn more and think a lot of times before you will take any decision in the crypto market, doing anything without having a lot of knowledge in the crypto is not a recomended way.
Learn before doing something and you will be on the safe side. I guess so many examples can explain this case.
newbie
Activity: 144
Merit: 0
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.

I agree...maybe it's late for being early adopters of bitcoin but It's not too late for others coins...there is a good dose of luck of course, but you must always do your own researches...for example watch Elicoin in livecoinwatch , is not an ICO or bounty... it's a coin with low mc, low supply, PoW whit cpu, no premine, active dev...only trading it on CREX24 for now...do you own researches in the thread in bitcointalk: https://bitcointalk.org/index.php?topic=3028302.0..I bought them 2 months ago and if you watch it in livecoinwatch you know why now I laugh very loud Smiley people are too stupid for DYOR and got scammed by ICO or bounty...just my 2 cents...hope it helps...cheers
full member
Activity: 546
Merit: 100
How do I be on a safer side in the cryptosystem?

First you have to keep your computer clean. You have to get a secure crypto money wallet. I recommend the hardware as Ledger or paper wallet. Paper wallet is one of the cheapest and safest options. However, it is important to keep your private key very nice.
jr. member
Activity: 252
Merit: 1
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.

best is having dedicate device only to log in to your wallet if your coin in your wallet worth more than anything else. take every precaution.
copper member
Activity: 308
Merit: 1
There are several informations on the internet about how to participate in crypto safely, it all depends on what aspect of safety you are interested in. Just play before the rules of any, keeping your funds safe, investing in the right coins, trading on recommended exchanges, safe trading practices, but the earliest form of safety is how to avoid scams and loss of fund from hackers and thiefs
full member
Activity: 714
Merit: 100
3... 2... 1... Launch!
How do I be on a safer side in the cryptosystem?

If you are an investor focus on good quality assets and construct a portfolio that is not too risky as a starting point if you are new to all of this and research how best to store and secure your currencies (wallet files, private keys, passwords etc), and always do you own research into what each project offers and don't be afraid to ask questions in the forum here where you'll receive plenty of useful advice
jr. member
Activity: 238
Merit: 3
we have to show on the safe side at the time of the numbering by people who play a role in bitcoin, when they want to explore us, that's when we have to be in a closed
full member
Activity: 504
Merit: 101
If you do not want to be scammed you should avoid ICO's before you will get how it works. I think the best option to novices to get some first intuition is participating in bounty campaigns. But do not choose long-time ones (one month is enough).
sr. member
Activity: 518
Merit: 250
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.
member
Activity: 434
Merit: 10
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)

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.
member
Activity: 280
Merit: 10
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)

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. 
jr. member
Activity: 126
Merit: 1
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.
jr. member
Activity: 1008
Merit: 1
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.
copper member
Activity: 448
Merit: 0
StableDex | Decentralized, Secure & Cost Effective
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.
member
Activity: 448
Merit: 15
TREEBLOCK
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.
full member
Activity: 363
Merit: 100
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.
member
Activity: 686
Merit: 10
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
full member
Activity: 476
Merit: 101
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
sr. member
Activity: 1274
Merit: 263
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!
jr. member
Activity: 60
Merit: 3
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.
jr. member
Activity: 226
Merit: 2
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.
jr. member
Activity: 336
Merit: 2
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.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
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.
full member
Activity: 504
Merit: 101
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.
full member
Activity: 1274
Merit: 100
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.
full member
Activity: 462
Merit: 113
Need me? PM me!
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.
sr. member
Activity: 1848
Merit: 298
Buzz App - Spin wheel, farm rewards
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)
jr. member
Activity: 420
Merit: 1
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.
jr. member
Activity: 37
Merit: 1
How do I be on a safer side in the cryptosystem?
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