Topic: What you need to know before investing in crypto - page 12. (Read 1229 times)
Before you investing in crypto you must know about crypto and you should have proper knowledge about bitcoin and blockchain.you need technical knowledge also.when you gather proper knowledge then invest in crypto.
If you plan to invest encryption currency, please be sure to spend at least 24 hours of effective reading time to understand what is the block chain, encryption money is what, what security measures should be taken before monetary investment encryption and so on. Remember, research alone is not enough, and you need to keep updating. It may have been true a few months ago, but it may be completely wrong now. Technology, finance, investment strategy, regulation and other things about encryption are changing at such a rapid rate that you need to update them daily. In cryptography, it's called DYOR: do your research.
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?
There's a lot of people wants to invest but thats the problem here.. People knows there is so many scams news about bitcoin and it's spreading continuesly.. If there is a man who can share knowledge about crypto i think it easier to invest if you know everything.. I honestly says that i dont have much knowledge about crypto so for me i think just read and search any idea about crypto in the internet so we can avoid any scams.. 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?
The accusations from so called gurus was not enough. Now we have predictions from some random investor with a fictitious name.
there is no need to rush for invest,you got all time to raise your knowledge of crypto.the more complete your information,your success in investing is guaranteed.
Before I go any further then I have to understand what it is for crypto purpose and its reason and also how big its role in regarding an investment so I should need to anticipate how safe we invest in bitcoin. Because so many fraud mode for deep understanding. Before doing that already understand what we should do for a better future. Do not just look at the benefits offered by them but how we respond to what will happen in the future. Thanks
You need to know that cryptocurrency is not a quick money making scheme where you can be rich overnight. Any services that promises an instant and continuous payment of interest to you for you investing in cryptocurrency with bitcoin in particular is a scam and ponzi scheme. Bitcoins and other alt currencies are traded on demand and supply and not something that is certain.
I have to know the validity of data data they provide
legality of cooperation, KYC of the team, reasonable business ideas, and some other parameters such as the size of the community or the interest of the community
legality of cooperation, KYC of the team, reasonable business ideas, and some other parameters such as the size of the community or the interest of the community
First is you really need to know if you have enough knowledge about cryptocurrency trading. Second is you have to choose the right crypto to invest with because not all of them are profitable.
Before investing in crypto all you need to do is you should have enough knowledge in selling and trading bitcoin. Also what kind of crypto your going to invest with. Also the pros and cons in your investment. Be knowledgeable enough so that you wont lose your investment and earn triple times.
First is you really need to know if you have enough knowledge about cryptocurrency trading. Second is you have to choose the right crypto to invest with because not all of them are profitable.
Always keep your private keys safe and never share them with anyone for any reason.
Don't trust third parties (exchanges) with more than you are willing to lose. Once you send it to them it's their crypto not yours.
To maintain anonymity stick to exchanges that have no "KYC" (know your customer) policies (decentralised exchanges)
Buy a hardware (secure offline) wallet. Best investment you can make. (Ledger/Trezor)
Practice moving your crypto in small amounts until you are familiar with the process. Always triple check your sending address.
Send the right coin to the wrong address and it's gone forever (with a few exceptions)
Practice using crypto in day to day life. Buy stuff and if you sell things, accept crypto as payment.
Only through acceptance and adoption can we take back money supply from the criminal bankers and their government lackeys!
Don't trust third parties (exchanges) with more than you are willing to lose. Once you send it to them it's their crypto not yours.
To maintain anonymity stick to exchanges that have no "KYC" (know your customer) policies (decentralised exchanges)
Buy a hardware (secure offline) wallet. Best investment you can make. (Ledger/Trezor)
Practice moving your crypto in small amounts until you are familiar with the process. Always triple check your sending address.
Send the right coin to the wrong address and it's gone forever (with a few exceptions)
Practice using crypto in day to day life. Buy stuff and if you sell things, accept crypto as payment.
Only through acceptance and adoption can we take back money supply from the criminal bankers and their government lackeys!
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?
That is really true a lot of scams are being known by people and some got scams too in crypto business. Bitcoin is not really scam but because of its popularity, it was being used by scammers to scam people and that is why people believe bitcoin is scam. If you want to invest in crypto try to do a keen research on how good is the reputation of the project you are planning to invest in. There are lots of project who offered high interest rate or high returns on investments but actually it has the plan of leaving out after getting the money from investors. So avoid this kind of project. 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?
Before investing one should know all the details about bitcoin. Merit, demerits and etc. Don't invest all the money what you have. Invest slowly. Otherwise you will loose your money. One should know daily market value of Bitcoin. And also should know, best time to sell Bitcoin and holfing time.
Make sure you have done some research before deciding to invest in crypto. For beginners, start crypto investing slowly, do not be in a hurry to put all the money you have to buy the currency you want. And you have to be smart to choose the time when buying and selling, when you already have a case of buying and buying and cryptocurrency is not easy, need a good foresight in doing so.
A very simple opinion about this scenario that we should just be precarious about the HYIP offerings and also Ponzi's like mining schemes, doubling your BTC etc. In reality there are such things like them exist and people mostly fall for that. They get scammed with thousands of dollars and globally millions are vanished just like that. If you see such new cases every where then panic attack starts everywhere and this leads to even bigger drops in the market and thus crypto starts crashing.
We should just keep it the simple way and going for earning out of the box is like trying to be very greedy about the whole thing which never works in good way.
We should just keep it the simple way and going for earning out of the box is like trying to be very greedy about the whole thing which never works in good way.
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?
From the start we should know need to understand well the importance of crypto currency investing and how to avoid from the people making bad activity specially the scammer's need to investigate the reputation of project and the team member, because investing in crypto are very risky but huge profits they can earn if people knows the important of new currency.
People are being scammed because they think for easy money without knowing the real purpose of their investment. Cryptocurrency is a good investment right now but since many scams are happening people should be more cautious when it comes to investing. Newbie should understand the functions of every cryptocurrency and they must know the risk of investing in cryptocurrency.
First of all you need to know what crypto is then you should know about the coins and finally you should know how long to hold or sell i mean timing.
Before investing in cryptocurrency you should know the basics like what is cryptocurrency, blockchain, blockchain technology, Bitcoin, difference between coins and tokens, etc. You gather all this information from YouTube or Google.
At first you should have knowledge about Cryptocurrency.There are different types of cryptocurrency so you have to find out the good cryptos.You should analyse the cryptocurriencies which is legit & not.After you gathered good knowledge about it you can invest.
Yes there are so many scams right now in the crypto industry. I think before investing in bitcoin, one must learn the basic of btc, its blockchain process properly.
that's the risks that arise in investing bitcoin. if we are not careful and alert then others will easily cheat and steal your bitcoin. choose a bitcoin wallet that you trust and secure so you do not worry about theft and loss of bitcoin.Jump to: