If it is scammed because of buying something from a shady place you can get scammed for risking it. Take an example of buying an iphone for example. If you want to buy an iphone and apple sells it for 999 dollars and you found online an ecommerce website that sells exact same thing for 800 dollars instead, you are risking 800 dollars for 200 dollar profit.
You have to ask yourself if the amount is worth risking for the profit, do you think 800 dollars is worth the 200 dollar profit ? Would you be upset over 800 dollars more than you would be happy about the profit of 200 dollars ?
Depending on the answer you can change the amounts and items places and put crypto related scam subjects you have instead and answer again. Do this method anytime there is a possibility of getting scammed and you will be fine.
Topic: What should one know about Bitcoin trading to avoid the risk of getting scammed? (Read 688 times)
January 08, 2019, 10:52:56 AM
January 08, 2019, 02:06:58 AM
You cannot be scammed through trading but you can lose your investments through it. Trading needs skills and intelligence how how to go about it and without skills and experience you cannot makes money from trading. Many lose because they always takes trading as a gamble but the two are quite different.
January 08, 2019, 01:15:43 AM
of course choosing the safe and legit crypto market, you can choose it at coinmarketcap.com
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
It's fine, I am already interested in Virie, but for a moment I was unsure because of how my professor was telling us that virtual currencies will disappear in two years.
Well, this is not what I am seeing, cryptos are now being accepted at an awful lot of places.
of course buddy, it seems I don't agree that virtual currency will disappear in the next two years, I think cryptocurrency and virtual money can be used together in the future, because paper money is quite troublesome but all of them have advantages and disadvantages
December 22, 2018, 04:20:58 AM
People usually got scammed when they store funds in a closed source software or system. This made users have no control of their funds, closed source software like exchanges are prone to scam and risk of losing. Its always good to consider not to store funds on close source storage or Atleast transfer it immediately to you own hardware or opensource wallet. Electrum or Hodler wallet will do to secyre your funds.
November 23, 2018, 05:39:35 PM
For one, scamming is not only common in crypto, its everywhere. If you are to apply this kind of logic, then you should never cross the road because there's a chance you could be killed. Its all about you acknowledging the risk and being careful. The internet has a lot of opportunities but these can also be misfortunate at the same time.
I get it but with the price of bitcoin reaching new lows each and everyday, I don't even have to worry about scammers but rather about the risk of no returns on my investment. It's kind of disappointing, if we consider the lengths we went to in order to make cryptos an official mean of payment in so many countries.
November 23, 2018, 07:09:32 AM
Indeed, there are a lot of scammers among the cryptocurrency user community. This is due to the fact that this sphere of activity is not regulated by the state. In many countries, cryptocurrency is not officially a means of payment; therefore, it is impossible to punish fraudsters
November 23, 2018, 06:31:17 AM
My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
So...here I am, asking for guidance...
For one, scamming is not only common in crypto, its everywhere. If you are to apply this kind of logic, then you should never cross the road because there's a chance you could be killed. Its all about you acknowledging the risk and being careful. The internet has a lot of opportunities but these can also be misfortunate at the same time.
November 23, 2018, 06:03:53 AM
My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
So...here I am, asking for guidance...
It is so easy not to be scammed at all. You just have to avoid being dumb and don't get hype all the time from easy money schemes. Or even put all of your funds into a safe hardware or something.
November 22, 2018, 05:48:59 PM
Those who claims they we're scammed in trading Bitcoins are the ones who did't trade at all. What they did is give their money to someone who claims that they can multiply their money through trading but sh*t happens the guy who promised to multiply the money runs away and never came back. Heard of this story a lot of times. Scammer starts by posting his his earnings and show how good they are in trading until a newbie who wants to trade but lazy to learn the basics tried to invest to the scammer.
November 22, 2018, 05:33:15 PM
Traditional people tend to stay traditional and that is the fiat system.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
Right.Do not rush into some of your actions that do not have any assurance.If you want not to be scammed,then always make a research first on the exhanger you want to transact with.Always see to it if it's legit or not.Better if you have some referrals from your close friends.Bitcoin has still a great value so scammers will always find ways to make it possible. Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
November 22, 2018, 04:37:50 PM
The future belongs to cryptocurrency. Safety is due to your risks. Trade on the BitSeven platform and you can be confident in the future
November 22, 2018, 04:30:57 PM
Traditional people tend to stay traditional and that is the fiat system.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
Legitimate ones, you say? How to tell if a cyber coin is legit? I read somewhere that Bitcoin is being investigated for price manipulation...
Granted that the main cryptos are popular, thus are considered to be safer, but does that make them more legit than less popular alt-coins?
November 22, 2018, 02:44:34 PM
Traditional people tend to stay traditional and that is the fiat system.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
November 22, 2018, 02:09:02 PM
Given the fact that it is easy to buy bitcoins and get rich on their possession, it is not surprising that many scammers find ways to declare a hunt for other people's money
November 22, 2018, 08:20:00 AM
• Read the whitepaper carefully and properly before investing your money. Make sure all the important details are mentioned in the whitepaper.
• Don’t get befooled by the unrealistic high goals. Those are mainly scams.
• Read about the team working behind the ICOs, about their skills, expertise, qualification, expertise, etc.
• You can also see whether the coin has a strong community or not.
His asking about trading not ICO or bitcoin investment its different btw If you want to avoid scammed by trading bitcoin you may use sites that are proven tested and legit like the most popular trading platform today the binance.com you can search reviews on google about this site and asking in some crypto groups, like social media groups and asking about the site that you want to use for trading, dont ever trade in a peer to peer transaction with no escrow its very risky. • Don’t get befooled by the unrealistic high goals. Those are mainly scams.
• Read about the team working behind the ICOs, about their skills, expertise, qualification, expertise, etc.
• You can also see whether the coin has a strong community or not.
November 22, 2018, 07:52:36 AM
• Read the whitepaper carefully and properly before investing your money. Make sure all the important details are mentioned in the whitepaper.
• Don’t get befooled by the unrealistic high goals. Those are mainly scams.
• Read about the team working behind the ICOs, about their skills, expertise, qualification, expertise, etc.
• You can also see whether the coin has a strong community or not.
• Don’t get befooled by the unrealistic high goals. Those are mainly scams.
• Read about the team working behind the ICOs, about their skills, expertise, qualification, expertise, etc.
• You can also see whether the coin has a strong community or not.
November 22, 2018, 02:08:54 AM
My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
So...here I am, asking for guidance...
If you really don't want to be scammed by other people in crypto then you should try to learn the basics about it. It is all about common sense and the scammer are pretty obvious here. And especially, don't chase money.
November 19, 2018, 08:45:39 PM
of course choosing the safe and legit crypto market, you can choose it at coinmarketcap.com
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
It's fine, I am already interested in Virie, but for a moment I was unsure because of how my professor was telling us that virtual currencies will disappear in two years.
Well, this is not what I am seeing, cryptos are now being accepted at an awful lot of places.
November 19, 2018, 08:21:38 PM
of course choosing the safe and legit crypto market, you can choose it at coinmarketcap.com
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
So...here I am, asking for guidance...
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
November 19, 2018, 06:00:11 PM
If you wanna avoid getting scammed while trading BTC so you only should trade on legit exchanges like Binance or Bittrex only and never holding your BTC on exchange wallet for too long. Beside don't forget to set up 2FA for your exchange account and your wallet as well. If your BTC isn't lost because of being stolen so it's not problem about scammer but it's problem about your trading skills 
I am pretty sure that we'll need a crypto-currencies' user guide in the future...
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