Is the fear of crypto-currencies legit?

hellyah070

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Basically, there is so many FUD's out there, one reason is that, there is a person who is claiming that he is the creator of bitcoin and he is scaring the hell out of investors to support the bitcoin SV which results to the split of hashes and FUD's.

JealousCup

newbie

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Quote from: Osayo on November 13, 2018, 06:48:39 PM

Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

I really don't see any scam if you invest in an already stable coin like bitcoin and other coins already in the market. The only way you may be scammed is when you invest in fraudulent upcoming cryptocurrency projects.

I would not say that crypto-currencies are stable because the demand for it is very volatile. However, since they are gaining ground s the potential global currency of the future, maybe their value will stabilize in the long-run.

As for the fraudulent upcoming cryptocurrency projects you're talking about, how can you tell they are?

Royal Jelly

jr. member

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ECOSTART

As a person who is new to crypto does not need to feel afraid, because fear will hinder the development of our knowledge. Investing is one step to be able to strengthen the economy and also strengthen the mind for all risks. So throw away the fear of being cheated in crypto, but trying to explore your potential will be better. Fraudsters will run away on their own because they don't have the power to continue to cheat.

darmin

member

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people become easy to cheated too because they had no guidance or basis of the ICO. the scammers have a target on people in a still minimal crypto knowledge because when they promised big results will be easily attracted. need not to fear the greeting can master the conditions well in crypto.

hellyah070

copper member

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

I think it is your personal responsibility that will keep you out of getting lost in the cryptocurrency world. Use an armory wallet, a purix laptop and bitcoin core for validation. Well, I learned it from Trace Mayer. We should be well responsible enough to handle our wallet address.

IgorStr

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Right now I think no, in the future who knows, maybe it will be possible to press the banks , and we must understand that cryptocurrencies as they are now too crude product

peteycamey

legendary

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Quote from: Snake9999 on November 16, 2018, 11:07:57 PM

This has become a topic we are discussing every day. I think all investments are risky. Fraudsters exist in any market, including stocks and futures!

well, I would say cryptocurrency is much much MUCH more riskier than all other investments. and it includes many many many more fraudsters than any other market.

Then again, the profitability potential is much higher than any other business.

Snake9999

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Fast, Smart, Trustworthy

This has become a topic we are discussing every day. I think all investments are risky. Fraudsters exist in any market, including stocks and futures!

Sri rahayu

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Quote from: aileen393332xe5157 on November 16, 2018, 10:06:02 PM

In my opinion, cheating and discounting do are the fears of crypto. But we can manage the fear by learning to gain more knowledge and experience on Crypto to make better choices and decisions.

That is why we must often look for information that is truly valid, because many newcomers immediately jump in with large capital without predicting what will happen in the future, big discount is indeed very suspicious, getting away from sweet promises will be better. Think clear and healthy will make better results.

cattano

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I think there is a reason for people to be afraid of cryptocurrency, mostly because of the market that keep on fluctuating every time. It force us to do a lot of work in order to keep up with the market condition, cause if we don't something bad might happen without even we know about it. And that is what the fear came from.

marufnang

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

I think that is acceptable especially everyone who are new to this cryptocurrency world.
But for everyone who already know how cryptocurrency work and it's habit, i think there would be no reason to be so scared about.

aileen393332xe5157

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In my opinion, cheating and discounting do are the fears of crypto. But we can manage the fear by learning to gain more knowledge and experience on Crypto to make better choices and decisions.

debby070

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www.codex.one

Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Well, at this moment, the feeling that I am having is a will to buy bitcoins not having a fear on its market value. The price of bitcoin is really approachable and I think it is the right time to invest to it. I am not just have an opportunity but I can also help the Bitcoin to regain its past status.

JealousCup

newbie

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Quote from: Virtual-Money on November 16, 2018, 08:36:08 PM

Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

fud is always part in the crypto world, if theres no fud no one should be interested to buy back again

But this is why their value is so volatile, which is a deterrent for potential investors and users. In a context where we're moving more toward a virtual economy, this is a bad signal.

Virtual-Money

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Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

fud is always part in the crypto world, if theres no fud no one should be interested to buy back again

ricatop

jr. member

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cryptocurrency is very unstable so it’s normal that people are afraid of investing their money in it and thereby losing

JealousCup

newbie

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Quote from: transformt on November 16, 2018, 08:21:12 PM

probably you don’t need to be afraid because in the end all the same we will earn very well on this

"We'll earn very well on this " you say, when the cryptos value dropped by over 10% yesterday?
I think they're still too volatile for people wanting to a secure return on their investment. Optimism is what characterized the Great Moderation that preceded the Subprimes crisis, if you ask me.

JealousCup

newbie

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Quote from: Kurokonobasuke on November 16, 2018, 07:04:18 PM

Quote from: JealousCup on November 13, 2018, 05:06:36 PM

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Indeed true. Many investors have chosen to have a break from investing to cryptos due to their doubts and also for having no profit at all due to the negative market behavior. But knowing the potential of cryptos, they should not be afraid but rather be patient with the market situation. Cryptos have gone through many ups and downs before so this one should not be thst much surprising.

Well... then, do you think that cryptos will not last long?

transformt

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probably you don’t need to be afraid because in the end all the same we will earn very well on this

Mabinat

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Of course, the risk of being deceived is always and especially in cryptocurrency. you can make very good money on it and therefore such big risks

Topic: Is the fear of crypto-currencies legit? (Read 878 times)