Mistakes That Make You Poor Poor In Cryptocurrency - page 2.

agentx44

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

We fail most of the times in crypto because we don't pay attention to every bit of precaution given to us even before starting investing here. Password is one of the most important thing we need to focus on keeping cause if we loose it, we will not have any contact with our account anymore which will lead to high amount of causalties. Scams should also be reminded to us always, that it is very frequent nowadays and you can see all of them everywhere so you should make sure you read everything before joining or making transactions with a stranger.

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Quote from: wildan88 on January 23, 2020, 08:20:15 AM

Quote from: ScamViruS on January 23, 2020, 06:44:11 AM

Quote from: wildan88 on January 20, 2020, 09:22:52 AM

Quote from: ScamViruS on January 20, 2020, 07:39:22 AM

Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich.
but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time.

It happened to me the same way. I've lost my bitcoins by buying altcoin. Many altcoins is not in the market right now. Many have been scammed. It was the biggest failure of my life, that I couldn't make the right decision at the right time. Now I understand that the best option is to hold Bitcoin. If Emotion and Greed cannot be eliminated, people will continue to be poor.

However, many people have lost everything due to the attacks of hackers. One of my acquaintances lost $40k to become a hack victim.

if you want to invest in altcoin it's better to choose the top 10 coinmarketcap, at least it's quite safe, because they move in the same direction as bitcoin and of course most of them are good and successful projects. lucky I never get hacked, I am a person who is so very careful, at least always use 1-2 security every time I save money anywhere. never save a large amount of money in exchange that's pretty scary.

If you choose such type of investment in altcoins maybe you are not exposed to big risk but the chances for profit are not that good to.
Personaly I prefere Bitcoin and since there are very few altcoins that are actualy worth investing , Bitcoin is always much better choice. The risk is bigger but the profit is bettr, especialy on long term.

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Quote from: Karmakid on January 23, 2020, 09:06:52 AM

Quote from: wildan88 on January 23, 2020, 08:20:15 AM

Quote from: ScamViruS on January 23, 2020, 06:44:11 AM

Quote from: wildan88 on January 20, 2020, 09:22:52 AM

Quote from: ScamViruS on January 20, 2020, 07:39:22 AM

Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich.
but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time.

It happened to me the same way. I've lost my bitcoins by buying altcoin. Many altcoins is not in the market right now. Many have been scammed. It was the biggest failure of my life, that I couldn't make the right decision at the right time. Now I understand that the best option is to hold Bitcoin. If Emotion and Greed cannot be eliminated, people will continue to be poor.

However, many people have lost everything due to the attacks of hackers. One of my acquaintances lost $40k to become a hack victim.

if you want to invest in altcoin it's better to choose the top 10 coinmarketcap, at least it's quite safe, because they move in the same direction as bitcoin and of course most of them are good and successful projects. lucky I never get hacked, I am a person who is so very careful, at least always use 1-2 security every time I save money anywhere. never save a large amount of money in exchange that's pretty scary.

For the manipulators, it is easy for them to push a certain altcoin into top 10. I think it would be best if you will not depend on the ranking of the cryptocurrencies in the coinmarketcap and just focus on the technical side. Scan the market and look for altcoin that has a good trading volume and good entry point and just set a stop loss to lessen the risk.

Going for altcoin is not the good option, you should choose Bitcoin for trading. There is no comparison between Bitcoin and other coins. Bitcoin is leading the crypto market and it has gained successful attraction throughout the world. Altcoin is not trustable as it is usually used by7 the frauds and scammers. If you want to avoid mistakes and ensure benefit go for Bitcoin.

angrynerd88

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I appreciate you shared useful information,These mistakes happens for a negligency but cost alot so every one should active and avoid these kind of mistakes.I want to add here that people also invest without knowing the past history of coins and spend all money on one coin this can also push you in poverty because its too risky to put all money in one coin or one wallet.Secure your wallet and keys hardcopy should safe in different place to avoid the risk of loss.

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Quote from: kodtycoon on January 23, 2020, 11:20:47 AM

mistakes occur due to lack of knowledge and also experience, because when you have these two basic elements it is very possible for you not to make mistakes as often as those who do not have both the basic elements and the most important elements. so before we do anything in any field, then at least you must have an understanding first so that any mistakes can later be prevented because you already have sufficient understanding from the start

Yeah, lack of proper knowledge or investigation causes losses in cryptocurrency investing. Most people who lose money here are the ones that just blindly throw their money without even formulating a strategy to play around. I suggest you to create a plan you will follow so you can maximise your profits while lessening your losses. And don't throw in you life savings here, cryptocurrencies are not a get-rich scheme.

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mistakes occur due to lack of knowledge and also experience, because when you have these two basic elements it is very possible for you not to make mistakes as often as those who do not have both the basic elements and the most important elements. so before we do anything in any field, then at least you must have an understanding first so that any mistakes can later be prevented because you already have sufficient understanding from the start

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Quote from: Assface16678 on January 21, 2020, 01:10:00 AM

If we have a cryptocurrency account or wallet that is related to money, it is better if we make sure that those accounts are safe because all of us don't want to be a hack. Sometimes the reason why does our accounts or wallets getting hack because of the website we are visiting or surfing also because of the third-party applications we install or the unprotected file we used. To avoid that kind of problem, it is better if we are going to be safe for all of our accounts.

These are the main reason for getting your computer infected, browsing adult sites and downloading unauthorized contents and using cracked software is to be avoided as there are many scammers who will upload files with backdoor and everyone should be careful storing your files in your computer where you are exploring these contents, the smartest things is to invest money for the software you are using and use antivirus software and the necessary precaution.

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Quote from: wildan88 on January 23, 2020, 08:20:15 AM

Quote from: ScamViruS on January 23, 2020, 06:44:11 AM

Quote from: wildan88 on January 20, 2020, 09:22:52 AM

Quote from: ScamViruS on January 20, 2020, 07:39:22 AM

Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich.
but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time.

It happened to me the same way. I've lost my bitcoins by buying altcoin. Many altcoins is not in the market right now. Many have been scammed. It was the biggest failure of my life, that I couldn't make the right decision at the right time. Now I understand that the best option is to hold Bitcoin. If Emotion and Greed cannot be eliminated, people will continue to be poor.

However, many people have lost everything due to the attacks of hackers. One of my acquaintances lost $40k to become a hack victim.

if you want to invest in altcoin it's better to choose the top 10 coinmarketcap, at least it's quite safe, because they move in the same direction as bitcoin and of course most of them are good and successful projects. lucky I never get hacked, I am a person who is so very careful, at least always use 1-2 security every time I save money anywhere. never save a large amount of money in exchange that's pretty scary.

For the manipulators, it is easy for them to push a certain altcoin into top 10. I think it would be best if you will not depend on the ranking of the cryptocurrencies in the coinmarketcap and just focus on the technical side. Scan the market and look for altcoin that has a good trading volume and good entry point and just set a stop loss to lessen the risk.

wildan88

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Quote from: ScamViruS on January 23, 2020, 06:44:11 AM

Quote from: wildan88 on January 20, 2020, 09:22:52 AM

Quote from: ScamViruS on January 20, 2020, 07:39:22 AM

Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich.
but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time.

It happened to me the same way. I've lost my bitcoins by buying altcoin. Many altcoins is not in the market right now. Many have been scammed. It was the biggest failure of my life, that I couldn't make the right decision at the right time. Now I understand that the best option is to hold Bitcoin. If Emotion and Greed cannot be eliminated, people will continue to be poor.

However, many people have lost everything due to the attacks of hackers. One of my acquaintances lost $40k to become a hack victim.

if you want to invest in altcoin it's better to choose the top 10 coinmarketcap, at least it's quite safe, because they move in the same direction as bitcoin and of course most of them are good and successful projects. lucky I never get hacked, I am a person who is so very careful, at least always use 1-2 security every time I save money anywhere. never save a large amount of money in exchange that's pretty scary.

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Quote from: wildan88 on January 20, 2020, 09:22:52 AM

Quote from: ScamViruS on January 20, 2020, 07:39:22 AM

Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.

damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich.
but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time.

It happened to me the same way. I've lost my bitcoins by buying altcoin. Many altcoins is not in the market right now. Many have been scammed. It was the biggest failure of my life, that I couldn't make the right decision at the right time. Now I understand that the best option is to hold Bitcoin. If Emotion and Greed cannot be eliminated, people will continue to be poor.

However, many people have lost everything due to the attacks of hackers. One of my acquaintances lost $40k to become a hack victim.

k@suy

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Quote from: radjie on January 21, 2020, 10:29:20 AM

Before we decide to invest in cryptocurrency, of course the thing to consider is knowing the risks that will be faced, one of the risks is that the government does not provide cryptocurrency regulations and will not guarantee security if we lose the investment assets that we do.
of course all cryptocurrency users must be able to face all the losses that will be suffered if it is not wise in making all decisions

Yes thats right. Even outside the crypto world, to invest is very risky. Imagine those business in the real world can perform a scam even if they are under the government and there is a punishment for those who commit this crimes so how much more inside the crypto world in which anonimity is applied. What I mean is in everywhere, the crimes can occur so we must be careful.

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Before we decide to invest in cryptocurrency, of course the thing to consider is knowing the risks that will be faced, one of the risks is that the government does not provide cryptocurrency regulations and will not guarantee security if we lose the investment assets that we do.
of course all cryptocurrency users must be able to face all the losses that will be suffered if it is not wise in making all decisions

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Quote from: zeingrind777 on July 10, 2018, 04:06:55 AM

With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.

I have been victimized several times in your point number 4, in the past there are a lot of coins that I thought will have potential because of the shills and rumors, so no I am not participating in any ICO anymore, I just participate in bounty campaign since I have a good rank and had a lot of social medias, it's free coin instead of investing.

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Quote from: LUCKMCFLY on January 20, 2020, 09:49:55 AM

One of the mistakes I have seen most is that there are many who are making the Pump and Dump in Exchanges, at the time of making an entry with enough capital if the price of Bitcoin falls, obviously that investment falls and often the movement does not occur , which brings losses with high percentages, in that case, for me it is not trading, it is like gambling.

And when trading you should not leave everything to chance, it is better to classify, plan and manage the movements, that way you avoid having losses.

Another mistake most people commit while investing in bitcoin would be investing blindly. Having no investment strategy and just letting the current take you is the biggest mistake you can commit while investing hat would cost you a lot of money. Before delving into something it's not bad to do your own research and formulate a gameplan to ensure that you get the most profits and the less losses as much as possible.

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Quote from: luppecuppe on January 20, 2020, 04:59:50 PM

I think your Bitcoin or any cryptocurrency investments are secret. It would be a logical choice not to keep your Bitcoin wallet password on a computer connected to the internet. Bitcoin is a very difficult investment tool. You must be protected from scams.

you are quite silent and don't tell someone that you have Bitcoin in your possession, your friends can steal it, and you always deviate the private key well, like on a computer, mobile phone or you can take notes in a book

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Quote from: Smitty Werben Man Jensen on January 21, 2020, 02:26:51 AM

Quote from: luppecuppe on January 20, 2020, 04:59:50 PM

I think your Bitcoin or any cryptocurrency investments are secret. It would be a logical choice not to keep your Bitcoin wallet password on a computer connected to the internet. Bitcoin is a very difficult investment tool. You must be protected from scams.

you are quite silent and don't tell someone that you have Bitcoin in your possession, your friends can steal it, and you always deviate the private key well, like on a computer, mobile phone or you can take notes in a book

Well, if you don't trust your friends, and you don't want someone to steal your coins and for your own safety and security as well, then it would be better to just do it as a secret in your own way, rather than risking your money and life for it.

Mistakes is fine for as long as you are learning from it, and not repeating same mistakes over and over again.

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Quote from: jhontwis on January 20, 2020, 05:50:03 PM

The most important thing to consider before investing in this market is the security of your credentials. They want Credentials before investing in an Exchange. This is not what I like. It is not nice to give my information everywhere.

If we have a cryptocurrency account or wallet that is related to money, it is better if we make sure that those accounts are safe because all of us don't want to be a hack. Sometimes the reason why does our accounts or wallets getting hack because of the website we are visiting or surfing also because of the third-party applications we install or the unprotected file we used. To avoid that kind of problem, it is better if we are going to be safe for all of our accounts.

jhontwis

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The most important thing to consider before investing in this market is the security of your credentials. They want Credentials before investing in an Exchange. This is not what I like. It is not nice to give my information everywhere.

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I think your Bitcoin or any cryptocurrency investments are secret. It would be a logical choice not to keep your Bitcoin wallet password on a computer connected to the internet. Bitcoin is a very difficult investment tool. You must be protected from scams.

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One of the mistakes I have seen most is that there are many who are making the Pump and Dump in Exchanges, at the time of making an entry with enough capital if the price of Bitcoin falls, obviously that investment falls and often the movement does not occur , which brings losses with high percentages, in that case, for me it is not trading, it is like gambling.

And when trading you should not leave everything to chance, it is better to classify, plan and manage the movements, that way you avoid having losses.

Topic: Mistakes That Make You Poor Poor In Cryptocurrency - page 2. (Read 6952 times)