Topic: What you need to know before investing in crypto (Read 1202 times)
Most people who are scammed don't get the time to read about what they need to know about cryptocurrencies. Others are also greedy and want excessive profit in a short time because they might have heard that crypto pays in a short time.
A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
I also see the many scam ICO projects at the moment. I am always cautious in investing because I do not want to be harmed. before investing I always see people who invest in ICO projects, besides I also see the purpose of the project is made and I also always see the white paper that I will make a guide because there is a lot of information about the ICO project in the white paper.
Crypto is not an easy area to venture into, needs keenness and precision, there is basically no room for mistake, you need to know the crypto you are investing in well, inside out, know everything from it's products relevance to the project roadmap, if the project is solid then you are good to go
First of all you have to know about crypto,and before investing you should be clear about investment process and the basic bitcoin knowledge.
I believe that if you do not understand this, then be kind to study everything and only then invest. If you can't and you don't know, then go work in the other direction. If you know a good friend who has bitcoins, let him take control of your money and dispose of them. The only way I can see. Because there are enough scammers everywhere.
Knowledge is important for any kind of investment. Before investing on crypto you have to research about crypto. What is crypto and how it works. What are the advantages what are the disadvantages. How to invest. Everyone should know these factors.
Yo butress more on ur point, It's not really new information either. While it really depends on how you define 'scam' exactly, there have been countless altcoin related scamming going on for at least 5 years now. It's just now that it's exploded with this whole 'ICO' thing. But before that there has been all kinds of shady characters creating, pumping, and dumping altcoins. This forum has all that history written down and stored for the ages too. It's been a constant thing in this community.
A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
It is naive for any person to think that he can invest in something and make money without having an idea what this is. This applies not only to the crypto market but to everything related to investment in the world.
There are a lot ''false'' promises in the crypto world.
So, don't believe everything you read.
Do your own research, study and if you feel confident, invest.
If you are not sure what are you doing than please don't do it.
So, don't believe everything you read.
Do your own research, study and if you feel confident, invest.
If you are not sure what are you doing than please don't do it.
A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
It is naive for any person to think that he can invest in something and make money without having an idea what this is. This applies not only to the crypto market but to everything related to investment in the world.
1. Know more about what is Bitcoin and cryptocurrency.
2. Log into the correct Bitcoin / Cryptocurrency forum. Not MLM or Hype
3. Learn the volatility that exists in cryptocurrency
4. Prepare unused money, completely unused
5. Prepare to lose money
6. Do not believe the words of others, always find out for yourself
Rich or getting a lot of profit from an investment does require extra effort or effort. Diligent reading, curiosity, always finding out the truth is the main weapon. If we want to do rich, we must be trying maximally, not because tempted big profit as offered hype or MLM. Hype and MLM itself is a scam.
2. Log into the correct Bitcoin / Cryptocurrency forum. Not MLM or Hype
3. Learn the volatility that exists in cryptocurrency
4. Prepare unused money, completely unused
5. Prepare to lose money
6. Do not believe the words of others, always find out for yourself
Rich or getting a lot of profit from an investment does require extra effort or effort. Diligent reading, curiosity, always finding out the truth is the main weapon. If we want to do rich, we must be trying maximally, not because tempted big profit as offered hype or MLM. Hype and MLM itself is a scam.
That is in reality obvious seeing that the ongoing busts identified with crypto speculations are managers of the NewG tricks and other comparative ponzi plans. The general population who fell casualty in these tricks are the ones who were sufficiently lethargic to indiscriminately put stock in expansive entireties of cash on other individuals without doing record verifications and checking sources. A great many people these days are searching for brisk and income sans work, which, at most circumstances lead them towards something that will take their cash away as opposed to benefitting. With the cryptomarket picking up a considerable measure of consideration because of the additions it offers, numerous con artists utilize the term keeping in mind the end goal to draw individuals who search for a similar opportunity yet don't know how to begin. On the off chance that exclusive individuals would set aside opportunity to peruse before burning through cash on such, I don't think there would be individuals who'd fall for such traps.
A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
A 39,000% increase rate is so hilarious. I think this is just a scam and those people behind it are just using the name of bitcoin for self interest. We should be aware and observant because using other's name/label/identity to fool other people is a page from a child playbook. Before jumping to the cliff, always make sure you will jump in the right one and not just in some mislabeled holes.
before I choose to invest then what I need for knowledge then I better have the information that can determine the right time to buy bitcoin and the right time to sell bitcoin so as to make me know the right time to make a profit.
having a knowledge in crypto is 1 point before entering the world of crypto by researching about crypto is another for you to gain more idea in crypto world before investing in any crypto you should have an idea on what projects they had because some of projects now are literally scams not all.
First of all you need to have a research about the crypto that you are going to invest money on it.
Secondly you need to know what is the real use of that cryptocurrency, how it works and how to do with it.
So Knowledge is important for any kind of investment in crypto market to avoid scam.
Secondly you need to know what is the real use of that cryptocurrency, how it works and how to do with it.
So Knowledge is important for any kind of investment in crypto market to avoid scam.
Before investing in any asset we needs to know the origin and fundamentals of the asset. In investing crypto we also needs to know the fundamentals. We also needs to know the past record an statistics of that crypto. If we see the previous graph we also come to know many thing and can get idea of that currency. We also may search it over internet regarding that crypto. This forum also a great source to know the crypto.
If the investment in ICO then need to be analyzed in advance the legitimate ICO or ICO scam. If investing in existing crypto coins on the market, first know the advantages and disadvantages of the coin and tailored to your needs.
A news from ABS-CBN, a Filipino Media and Entertainment Group.
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
MANILA - An investor who saw a 39,000-percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams.
Emerson Fonseca, Philippine head of NEM Foundation, told ANC's Market Edge that since he started trading bitcoin 2 years ago, a lot of scams have cropped up because people don't understand cryptocurrencies.
What are your opinions?
I think people should get to know the things they're about to go into before they do something risky albeit stupid. Cryptocurrency investments are not "get rich quick" schemes. Unlike before. The rules of the game have changed and people investing into it should know that by now.
The only thing you need to know is "you should tolerate risk". People are wanting to earn money in short time. This is a wrong method. You should be patient.
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