Newbies: be careful with coin "shills" !

Wipeout2097

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Quote from: hyunsookmom on February 18, 2014, 02:05:30 PM

You can't hold peoples hands, thats the price of freedom ie having the chance to make your own mistakes and learn from them.

You really haven't got involved in cryptocurrency until you get scammed at least once.....and then wise up.

Otoh, the wisdom of learning from other people's mistakes, is priceless.

Honestly, if you love to invest or love the risk, for a potential high reward, feel free to speculate. I'm also not trying to scare people to be conservative and lose opportunities, either! I'm not sure which frustation is worse, tbh, and I've felt both. But do so with your own judgement.

hyunsookmom

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Kamehameha!!!

You can't hold peoples hands, thats the price of freedom ie having the chance to make your own mistakes and learn from them.

You really haven't got involved in cryptocurrency until you get scammed at least once.....and then wise up.

TimFChavez

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Yeah, When you hear 'to to moon' it's time to dump some of those coins or if someone says the pump is on X coin that is also a sell signal since they are looking for bag holders.

lexicon

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Do some research. If you read something that makes you feel like you better buy right this second. You might just be getting swindled by someone who just wants to dump them on anyone who will bite

Dallas5

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I'm thinking there is a lot of "Yeah, this coin is great keep buying while it's 'low' " "(while I'll dump this coin and abandon it)" going on on this forum. Best is to buy scrypt capable hardware at least 1mhs+ and mine coins then to buy them with BTC.

Learned from experience.

Millicent

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Yeah, pretty disappointing actually. A lot of dishonest people involved in crypto's.

baka

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You just described half the users who frequent alt section.

Wipeout2097

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Pay attention to them, and don't blindly follow "advices". I mean, if there's some hype to mine a particular coin and someone points his hardware to it, at most he lost the cost of electricity. Hype to buy a particular coin, however, leads to people spending BTC or fiat (which I suppose comes from a job and savings) and ending up holding the bag.

Be suspicious of even seemly "unbiased, fundamented, well thought-out" opinions. If someone spends too much time and effort writing about a coin, that may just mean he holds it and wants to hype, pump and dump it. Not to speak of the blatantly obvious shills that don't even make an effort, lol. Otoh, they can however be devs and honest supporters of a decent coin, but you should see if it's the case.

No need for a long post, just to say be careful with YOUR money. Read extensively from supporters and bashers before investing, and figure out what is best for YOU.

Edit: in addition, some coins are vulnerable to 51% attacks, loss of support, de-listing from exchanges, etc...

Topic: Newbies: be careful with coin "shills" ! (Read 695 times)