The worst part about using cryptocurrencies, Newbies should be more careful. - page 2.

Sebas.tian

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Quote from: Findingnemo on February 12, 2020, 01:45:09 PM

Anonymity and irreversible transaction is the advantages for scammers in crypto currencies but as long as the users are clear with what they are doing then there will be no loss from your side.Stop saving anything important in digital which saves you even if your device got compromised.

What surprises me is, many of them will not ever want to get the needed knowledge first before engaging the community. All they think about is how they will get money from the system underrating the consequences surrounding what they are into. There are things oone need to learn from this industry before talking of investment, because this will save their investment from hackers and possible scammers. Learning is the foundation of cryptocurrency, absence of this will always bring the worst part of cryptocurrency to such investors.

cryptoaddictchie

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Quote from: Becky666 on February 12, 2020, 08:56:01 AM

Attempt to get my wallet back proof abortive, at a time, my system was compromised and I paid heavily with my Bitcoin.

What wallet have you stuck up your bitcoins? It seems that you also fall on your own mistake. But that's alright and I'm pretty sure already learned from it.

Quote from: Coyster on February 12, 2020, 09:59:22 AM

(so many abandoned accounts may start to wake up soon).

This is already happening. I noticed our Local board after the Yobit campaign ended becomes a ghost town leaving only real users and commoners there. Then after the market started to grow slowly, and now btc is above 10k. New names and users become active. Just hoping they could be active this time and not just a joiners on freedrops and campaigns.

Quote from: OgNasty on February 12, 2020, 03:23:20 PM

The worst part of using crypto is the choices of what you have to use it on. The lack of legitimate games and services after more than a decade of development is shockingly disappointing.

So far my usage for crypto still benefiting me in my work and life. Is that so? still lack some development maybe on bitcoin part but some altcoin started to gain traction and innovative method for real use cases.

GreatArkansas

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Quote from: Becky666 on February 12, 2020, 08:56:01 AM

(...)
Therefore, my advice to all newbies is: ensure to write down your password for every account or app you install securely. Keep your private keys safe and secure. Also, passphrase or backups should be noted. When carrying out the transaction, ensure to double-check your outgoing address before sending it.
(...)

Newbies should also know the risk of cryptocurrency beside that some technical side.
Like the risk of buying some cryptocurrencies. Like buying anything cheap, like they hope it will have huge returns in the future, shitcoin always be a shitcoin.
Additional, checking some transaction fees first before confirming the transaction, because some time of the day there are some time the fee is high.

Steamtyme

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Quote from: OgNasty on February 12, 2020, 03:23:20 PM

The worst part of using crypto is the choices of what you have to use it on. The lack of legitimate games and services after more than a decade of development is shockingly disappointing.

I have to agree. It seems like there were more options before the late 2017 boom, and unfortunately the large run up and subsequent correction killed off the momentum. I think it will be a long time before we see any vast improvements in this. The most likely scenario is someone with a fat wallet decides to do more to drive adoption and operates an online marketplace that can compete with pricing.
Unfortunately it takes people who are interested in furthering the agenda and not necessarily their own personal wealth. I think we are a long way off, I've essentially been reduced to using crytpo as a means to avoid fees between USD/CAD.

Quote from: Becky666 on February 12, 2020, 08:56:01 AM

~snip~

I think more people need to play around with their wallets/apps and with transactions in general. Sure there is a cost but getting used to actually sending a transaction and choosing a fee are valuable learning experiences. Then download a dummy wallet and practice what ifs, like lost password or restoring on another device in case of hardware failure. I not long ago had to restore my ADA wallet as my antivirus program thought part of it was unnecessary. These things can be nerve racking if you haven't done them before, so might was well try it out with little to no real loss/cost.

Becky666

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Quote from: Coyster on February 12, 2020, 09:59:22 AM

Quote from: Becky666 on February 12, 2020, 08:56:01 AM

The market has started growing up and we are having new friends again,

They will start trooping in like soldiers in the line of duty, the good market entices so many "plastic" bitcoiners into the bitcoin network <...>.

you got me laughing @Coyster, you're correct. Many have just been resurrected from the grave just to start the hustling undermining their abscess from the knowledge, these sets will be the target of those scammers to feast on.

You mean, many unbaked bitcoiners are about to wake up to the rising market? What a bad!.

OgNasty

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The worst part of using crypto is the choices of what you have to use it on. The lack of legitimate games and services after more than a decade of development is shockingly disappointing.

Findingnemo

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Anonymity and irreversible transaction is the advantages for scammers in crypto currencies but as long as the users are clear with what they are doing then there will be no loss from your side.Stop saving anything important in digital which saves you even if your device got compromised.

Coyster

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Quote from: Becky666 on February 12, 2020, 08:56:01 AM

The market has started growing up and we are having new friends again,

They will start trooping in like soldiers in the line of duty, the good market entices so many "plastic" bitcoiners into the bitcoin network and also to BTT(so many abandoned accounts may start to wake up soon). They are the ones more predisposed to scams because they skip reading and just want to benefit from the rising/growing market, they should be more careful of fake giveaways, that's more like the major modus operandi for scammers today.

Becky666

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The market has started growing up and we are having new friends again, it's imperative to bring to their notice that; having a piece of background knowledge about the good side of cryptocurrency and bad side equally. During my early days, I suffered many losses in the process and while trying to make some transactions. My then app wallet was mistakenly installed which holds some altcoins and a small portion of Bitcoin. Attempt to get my wallet back proof abortive, at a time, my system was compromised and I paid heavily with my Bitcoin.

Therefore, my advice to all newbies is: ensure to write down your password for every account or app you install securely. Keep your private keys safe and secure. Also, passphrase or backups should be noted. When carrying out the transaction, ensure to double-check your outgoing address before sending it.

Cryptocurrency mistakes can be unforgiven when one makes a mistake, it happened to me in my early days in cryptocurrency.

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