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yeah, you got to keep your eyes wide open. lots of scam projects around here. lots of scammers trying to rip you off your hard money everywhere. it is quite unfortunate that cryptocurrency industry, that was known to be safe is now dominated by scammers launching scam projects every now and then. be careful the project you invest in other not to fall victim
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Majority of people get involved with cryptocurrency are concerned about accumulating only bitcoin in their wallet, i wouldn't blame them actually because that is a clear sign they only want to make some quick money. Mining will always pay off on the long run as to the minority who have in-depth knowledge about cryptocurrency they know, it is not about just bitcoin alone. few years from now when other alt coins have good market prices, they will wish they didn't focus on only bitcoin.
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before storing your money in cryptocurrency, you have to know it is highly volatile. your money could loose it value and it could also appreciate. you have to ensure you are willing to take the risk. since the crypto market condition is not yet stable, it is better to store part of your money in crypto and what is left in gold etc. that way you wouldnt loose on both ends.
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This is very vital knowledge everyone should have. Knowing when to sell and buy and make you na millionaire and could make you na pauper. You should not sell off your token just because you frustrated, take time to analyse the market conditions. Some people already learnt the hard way from the bull run in 2017. It is a painful experience, to avoid such experiences it is compulsory you know when to sell and buy.
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ICO fail for various reasons, but left to me I feel most ICO that fail are project's that were not real and were unable to accomplish the product they promised. Most of those projects that fail were founded by fraudsters who in the firstvplacw were not going to deliver any product. They are more concerned about raising money and making way with it.
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We all know, scammers have always been around in the crypto Industry, even before now that the prices are going up, they are always planning ahead on how to rip people off their hard earned money. Do not let your guards down as scammers will be around for a long time unless a regulation is put in place.
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Personally, buying bitcoin right now might still be okay. You can invest in bitcoin now, a more important question to ask is why are you investing. If you are Investing to reap profit ASAP due to the Increase in the market price, then I would advise you reconsider your decision. Crypto is very volatile. What if you buy and the value begins to drop.are you willing to hold it till whenever there is a pump in the price or you will just sell it off any ways to realise some of the money invested back.
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With the rapid increase in price of bitcoin in the last few days, a lot of people are starting to assume that it is an indicator bull run is here. May be or maybe not. Well, you really can't be sure for now. Let see if there will be will increase in the price in one week time or so, by then we can tell if the longly awaited bull run is here
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Yeah, the whole cryptocurrency concept is an innovative one but at the same time, it is important the loopholes in the system is fixed as scam projects are being launched day in day out, the scammers take away individuals as well as investors of their hard money. For How long should this continue before scam in the cryptocurrency industry is addressed?
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Yeah, this adage is applicable to all areas of life not just the cryptocurrency alone. In term of cryptocurrency, it is simply advising you not to invest in any project more than you are willing to loose. Risk taking in cryptocurrency is very deep as a matter of seconds all what you worked hard for can be gone, and at the same time you could double your worth in seconds. Work within your limit and do not be greedy.
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Right about Now, is the best time to invest because the market prices are low. There is no right time to invest but now. Make hay while the sun shine. The bull run would surely come around when it is due too. In between not every project is worthy of investment so do your research right.
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The best way to stay safe from being scammed in crypto is to do a proper and in-depth research on the project you want to invest in. At least, you might find some unrealistic things about the project. Proper research can make you 40% sage from being scammed.
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Reasonable I don't think it's about badmouthing rather it is necessary to focus on the fact that the block chain technology is been misused by people, as we have seen in the past a lot of unrealistic projects been launched in which a considerable percentage of them turned out to be scam.
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Yeah, lot of people have been able to make millions through cryptocurrency, it is quite important to know that they didn't become millionaire over night. It takes time and patience to become professional in the industry.
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A crucial reason why people fail can be sure to the fact that most people want to earn without learning. Until, you master your craft very well you can't be a professional at it. A lot of time and patience is required for you to master a craft, on the long run it is always worth it.
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It is quite still okay to deliberate on regulation in the crypto Industry, when report estimating the scam in crypto to be at 1.2 billions dollars is in the news. At this point, we have all reasons to ensure regulation is put in place. Regulation would allow the majority of people out there to trust the industry.
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Nowadays, most project are so unrealistic. Before you participate in bounty program, it is essential you known about the bounty manager before devoting your precious time to promote the project. The truth is that most hunters pay an undivided attention tonthe rewards and tends to promote bounty programs with high rewards. Majority is guilty of this.
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Reports like this don't need to come up before the desperate need for a regulation is put in place. Report like this is not good for an industry still in the process of developing, it scares people off from adopting the system. If a regulation is put in place, scammers won't stop scamming, as it is a get rich quick scheme for them.
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