Is the entire Crypto Market ever likely to be Scammed? - page 3.

Rruchi man

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Top-tier crypto casino and sportsbook

Quote from: tokyohd on December 22, 2022, 12:50:14 PM

Could the entire crypto market ever be a scam?
How much faith do you have about the crypto world?

The entire crypto market is not a scam, but there may exist some scam and dubious projects in crypto. I have some faith in cryptocurrency, but I still exercise care with my investment in it.

Quote from: tokyohd on December 22, 2022, 12:50:14 PM

Can I confidently choose Crypto World to safely store all my hard earned wealth?
Like the bank?

Storing al your hard earned wealth in crypto means that the amount you are investing is an amount that will hurt you badly if it gets lost, that is not advisable, you are always told to put an amount in crypto that you can afford to loose, not your entire hard earned wealth that you have accumulated.

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There are some individual cryptocurrencies or blockchain-based projects that are scams, but it is unlikely that the entire cryptocurrency market could ever be considered a scam. Investing in cryptocurrencies carries with it some inherent risks, but so do many other forms of investments. Ultimately, before deciding whether or not an investor is ready to take the plunge and begin investing in cryptocurrencies, researching and educating yourself on the market should be the first step. And, perhaps equally important, make sure you understand these risks and take only as much risk as is appropriate for your portfolio and risk level.

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Quote from: tokyohd on December 22, 2022, 12:50:14 PM

Could the entire crypto market ever be a scam?
How much faith do you have about the crypto world?

• Yes, with the exception of Bitcoin,

• I don't have any faith at all in the crypto market; you do not trust, you only verify. If there are loopholes or flaws which make verifying difficult, the avoid such coin or token.

Quote from: tokyohd on December 22, 2022, 12:50:14 PM

Can I confidently choose Crypto World to safely store all my hard earned wealth?
Like the bank?

You are confident in the bank? Why then do you need an alternative?

Zaguru12

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With the road map Its almost impossible for bitcoin to be a scam but other altcoins is something i can't testify for because of their centralisation.

Although bitcoin is even safer to store your fund thank banks because it hedges against inflation and also a store of value. But it is very risk to have all your wealth in crypto currency because of its volatility. With the volatility its is advise to have some emergency funds stored in fiat.

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Could the entire crypto market ever be a scam?
How much faith do you have about the crypto world?

Can I confidently choose Crypto World to safely store all my hard earned wealth?
Like the bank?

Topic: Is the entire Crypto Market ever likely to be Scammed? - page 3. (Read 325 times)