Is the fear of crypto-currencies legit? - page 2.

JealousCup

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Quote from: adzino on November 16, 2018, 07:08:54 PM

What kind of scam are you talking about? It is quite normal to be scared of getting scammed, but if you take necessary steps and precautions, chances of you being scammed is extremely small. You just got to be careful and instead of jumping to any kind of fishy offers, you have to make sure that those offers are legit. If you fall for those dumb scams, then that means you actually deserved to be scammed.

I read somewhere on this website that there are malicious wallet apps that Google won't get rid of in its playstore. You'd think that it's legit when in fact it's not while great projects are being discarded as scams. You really think that it's easy to tell the difference?

kotajikikox

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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?

At this moment the current situation of cryptocurrency not possible to increase people back out to investing in crypto specially people have not brave heart.

But don't scary if you really knows and understands more on cryptocurrency there's no need to worry, and fo sure the people losing hope in currency challenge will go back again to invest if the value are goes into moon.

adzino

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What kind of scam are you talking about? It is quite normal to be scared of getting scammed, but if you take necessary steps and precautions, chances of you being scammed is extremely small. You just got to be careful and instead of jumping to any kind of fishy offers, you have to make sure that those offers are legit. If you fall for those dumb scams, then that means you actually deserved to be scammed.

Kurokonobasuke

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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?

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.

JealousCup

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Quote from: bagikoin on November 16, 2018, 03:00:26 AM

all they have to do is do a lot of research and studying crypto. It would be a good thing to be able to make them able to master the conditions of crypto and not fear deception that there are indeed many. the scammers often Curry vied for people who don't have knowledge of crypto by pulling them on large rewards, and this much is already bringing a victimization.

Okay... but do you think that the application of such rules will really shut down the fraud system that are leaving people uncertain on whether or not they should invest in a particular digital currency?
In the fiduciary currency system, we have lots of rules but we still get scammed one way or another. If crypto currencies are to be the money of the future, then they must be an upgrade from what we currently have.

JealousCup

newbie

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Quote from: confreslamp on November 13, 2018, 06:20:53 PM

Yes they should be, because there are too much fraud ICOs on the crypto currencies market at the moment and people are getting scammed on a regular basis. We need to be more selective with projects and too look if they are legit or not, before investing our funds in this ICO.

While I agree with the part where you say that we must be more selective with the projects we want to invest in but the question is... How to determine whether or not an ICO is legit? Because, otherwise we might shut down potentially interesting projects.

Maricurijohn

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Electronic money is awe-inspiring. Now there are so many people who fear that they have invested in them, yet they can not withdraw because the market is constantly falling, and now they are falling sharply. , which is a concern for investors.

bagikoin

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all they have to do is do a lot of research and studying crypto. It would be a good thing to be able to make them able to master the conditions of crypto and not fear deception that there are indeed many. the scammers often Curry vied for people who don't have knowledge of crypto by pulling them on large rewards, and this much is already bringing a victimization.

Strotman

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Fear when investing in cryptocurrencies should be present in every depositor, it will stimulate more responsibly and with greater security applies to information about their deposits.

peteycamey

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its legit from the governments perspective. decentralized idea will destroy the centralized systems (governments)

Adreman23

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Scammers are rampant not only here in crypto world but scattered all over the world of investing. But if we still want to grow our money in crypto investment first we need to study well the project, to prevent the scammers. And invest what you can afford to lose. Don't put eggs in one basket. Always diversify your portfolio.

antsam

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In every type of investment and all fields there is only fraud. Back to us in learning from the ICO project that we want to follow to invest in it to avoid fraud. So I don't think I need to worry as long as I study well

batang_bitcoin

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Quote from: transformt on November 15, 2018, 07:52:45 PM

This is the choice of each and every person who starts investing into a cryptocurrency understands the risks associated with the fact that he can simply lose all his money

Let's assume that they understand the risk but those people that do really understand the risk of volatility is few.

And most of them are scared because of their experience of investing online through scams and they are misunderstanding that crypto's are like that. Though there really are scams out there but investing to legit coins like bitcoin, they don't think of it as legit because their mindsets are close.

11:11pas

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Yes, it is only natural that you experience such fears, early on - initially it is natural that you are afraid of losing your money, but if you have fully explored slowly the fear will disappear by itself

jemarie20

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We need to know first how to determine which are good project and which are not good, so if we know that we can invest in the real project and we can earn more, and you can avoid wasting project.

Knowledge is the great foundation of success.

moonblocks

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Investors have become a bit more cautious investing in crowdsales because a large percentage have turned out to be scams or projects that aren't viable long term but that hasn't really affected the perception of Bitcoin and the very top assets however, cryptocurrency overall has been tarnished by these lower quality offerings

Chainsmokers

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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?

the fear of being cheated is humane seeing the many scams in crypto lately. But investors must also prepare mentally with the consequences that exist besides being able to choose coins that are trusted.

akeda

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The concerns that you experience are natural, especially in situations like this, maybe you are afraid of losing your money when investing in crypto, but you must keep thinking positively about the ups and downs in the crypto world that are natural and we remain wise in reacting

maydna

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Quote from: Lexurdania on November 15, 2018, 09:15:23 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?

If they already invest in crypto, they should be not afraid in this market. Every people when investing their money, they should already make research. I am believe this crypto will growing more bigger than now, what we need is a patience

But the most problem for every people in crypto is when the bad news comes out and spread the fear to other people, they become panic and afraid with the worst thing. I've seen this situation, and even they already learn that invest in crypto, they need to control their emotion and don't panic with something that might happen. They should not be scared to invest in bitcoin especially if they learn more about bitcoin, and this is why we need to use the money which we can afford so if the bad comes, we don't lose too big money.

castiloros

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the initial stage when many feel afraid then that is a reasonable thing to happen. But if it could deepen a crypto and understand potential crypto will then slowly fear it will be lost and can be a good motivation to continue to invest in crypto. just need the process and also the confidence to make the fear of it being lost.

Topic: Is the fear of crypto-currencies legit? - page 2. (Read 878 times)