Topic: What you need to know before investing in crypto - page 15. (Read 1267 times)
Investment is risky and everyone should know about it before investing. Every project that you want to invest in needs its own observation. It is a scam or a really good project. You need to check the content of the project yourself to determine. Of course, the cryptocurrency is now full of scams.
I guess you posted in the wrong thread, I can say there are scam ICOs but majority of the "successful scams" is investors are at fault, why? some investors invest blindly and invest by hype. Those are the investors that doesn't even read the project's whitepaper and doing a detailed research.
For investment in crypto, a huge amounts of knowledge and performance should provide. A little knowledge dull headed person can't invest in crypto. Even he done investment, he faces a lots of losses.
Oh my god they have news about bitcoin again and the article is negative and because social media or tv is very powerful and more trusted to them they have effect of this news to us. But here I will like to say bitcoin is not scam the trully scam is the people or the person who use bitcoin to scam the people's money and thag's not totally bitcoin or crypto.
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?
If you want to invest in crypto you need to know, what is crypto and what type of crypto will you invest. There is so many crypto in the world and there is legit and scam digital currency. If you choose now what crypto you will invest, be sure that it is legit and many people know about that. So that if you have a question about your crypto, you can ask someone who know about that. Therefore you will be updated what happen to your crypto.
I agree with your opinion, do not invest if you do not know the type of cyptocurrency. so your main capital should read the proposal about the crypto you want to invest, by reading the proposal you will know what poryek will do and will know the prospect of crytpo performance in the future. that way you will avoid the scam crypto type.
This is the link What you need to know before investing in crypto.
If you'll read the article, Emerson Fonseca is discussing about the scams that are revolving in the crypto scene and that's what should investors know and be careful of.
If you'll read the article, Emerson Fonseca is discussing about the scams that are revolving in the crypto scene and that's what should investors know and be careful of.
Unfortunately after investing in bitcoin and crypto i think a low of newcomers
take a step into crypto scams without knowing until its too late, the lure of that
unbelievable offer can be too much to a lot of newbies.
This happened to me with a HYIP site. I got sucked in to an investment scheme
before knowing about what a HYIP was shortly after getting into bitcoin.
I shortly found out about them here on BCT thanks to the community.
My advice to newcomers to crypto would be to research "bitcoin and crypto scams"
on google and this will provide ample reading.
take a step into crypto scams without knowing until its too late, the lure of that
unbelievable offer can be too much to a lot of newbies.
This happened to me with a HYIP site. I got sucked in to an investment scheme
before knowing about what a HYIP was shortly after getting into bitcoin.
I shortly found out about them here on BCT thanks to the community.
My advice to newcomers to crypto would be to research "bitcoin and crypto scams"
on google and this will provide ample reading.
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?
I think it's depends in the persons on itself because every steps that we've made is base on our the ability and capability of the coin holder. Scamming is everywhere and we as a person are much responsible to our actions. Cryptosystem can brings a lot of benefits and opportunities to the people specially when it's always used in proper ways. The most important things that we need to remember is that before involving in any investment we must need to have a full knowledge about it so we can't easily doing some foolish things by other persons. 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 prefer to invest in companies that are already successfully working and entering the cryptocurrency market
Those who are being scammed are those people that are greedy as well, they wanted an easy return and easy profits from their investments, if you are cautious and prudent, you cannot be scammed. Bitcoin itself is not a scam, it's the scheme that made by those thieves are the scam.
It is true, before we will invest to cryptocurrency we should first know the project that will be run. basic understanding of the cryptocurrency market into capital to invest. do not ever invest if we do not understand what is cryptocurrency.
with the news it, may reduce the scheme of fraud in investing.
with the news it, may reduce the scheme of fraud in investing.
First you need to know about the project or the bounty campaign you are going to invest. Because when you do not know they can fool you and know who people are involved in the campaign to avoid scams.
apart from a bad translation from Philippines to English, it is mentioning a good but obvious point. because bitcoin has a lot of potential it has been performing well and will continue to do so. this made a lot of scammers want to come in and earn a lot of it by scamming others. these scams are from spreading malware, to running scam services. and then with introduction of ICOs and how easy it is to scam people that way they switched there to continue ripping people off.
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?
You get Investment schemes where the name Bitcoin is used and then you get Bitcoin investment where people actually buy and sell bitcoins. There is a huge difference between the two, so you must make sure that you invest directly in Bitcoin, by buying and selling the bitcoins yourself and not through some fake investment scheme/scam.
I have seen many of these so-called Bitcoin Investment schemes that pop up, promising fixed profits < like 2% per day > and this must immediately raise the red flag. Do not let some unknown financial website, handle your Bitcoin investments, because they are not buying and selling bitcoins.
If you want to invest in Bitcoin, buy the bitcoins or Alt coins on a reputable exchanges.
How disappointed that people may just bragged bitcoin's name just to scam innocent people. Little did these people know, that bitcoin is tradable to make a profit out of it, disregarding the networking scheme invitations. Emerson Fonseca did a good job for warning people not to just easily believe on those traps as we can see how far bitcoin's popularity is going, right now.
That is in reality evident seeing that the ongoing busts identified with crypto ventures are managers of the NewG tricks and other comparable ponzi plans. The general population who fell casualty in these tricks are the ones who were sufficiently languid to indiscriminately put stock in vast totals of cash on other individuals without doing record verifications and checking sources. A great many people these days are searching for snappy and pain free income, 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 increases it offers, numerous tricksters utilize the term so as to draw individuals who search for a similar opportunity however 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.
Of course he's right. That is why we shouldn't invest in any schemes, just put our money into a cryptocurrency of our choice and only go after established cryptos, not some new forks and coins that promise incredible acceptance by mainstream companies. We've seen too much of that already.
They should stop scaring people off because an average reader will scan the headline and remember 2 words "cryptocurrency" and "scam".
They should stop scaring people off because an average reader will scan the headline and remember 2 words "cryptocurrency" and "scam".
Yeah, there are a lot of scams right now. They were and they will be while fraud in cryptocurrency world is not getting punished by the law.
Before you invest in cytocurrencies you have to do a full market survey there ar a long of scam coins out there you look at how popular the coin is how many people have actually invested in it to be on a safer side. And timing of purchase because the market is very volatile nowadays.
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?
Its important to be vigilant especially when it involves money. Not all that offers the glory of huge returns are true and sometimes these are just baits made from the to gues of schemers and scammers. What we need to establish is the fact that before making any decision we would have to study first and take a lot of information from a lot of respurces. We can ask people and that is the beauty of this forum as it is a community weher we can share such things
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