Many of the people that fall for this are mostly newbie. I do not think anybody who understands bitcoin and investment will fall for this unless maybe the person is gullible or being blindfolded . for newbie they do not see it as an obvious scam until they become hit. Before I also got to understand crypto, I almost fall for a crypto scam that wanna double my investment in 12 days  . well, it is one of the advanced HYIP that use bitcoin as the payment processor.

For some that invest in a project that they do not know anything about takes a huge risk while some that also take time to study what they intend investing about also take a huge risk. Both people that fall in this category risk in one way all the other since there is no certainty that the investment will be positive. I believe the major reason why people invest is just to make a profit and most time when you intend to invest to get a profit in a short time you will discover that you pay little attention to what the project is all about. What will be registered in your head is how much you intend to make from the investment. For instance, do you know that many traders like buying dumped coin? do you think they research those coins before buying them? No. All they are after to make short term profit and jump back to investing in another dumped token.

Of course, people do not run off the idea but many of them have made how much money that will go to their pocket their major goal and that is the part of the reason why they failed. Up to date, I have not seen a completely new and innovative project since 2018. All that we are seen are ideas that have been developed by someone or groups with little or no difference. Take for instance, in 2018 more than 20 projects wanna develop a project about crypto banks. Non of them have been able to achieve this. It is either the project that went completely dead or turns to scam before completion. Crypto exchange platform is one of the projects that always populate the announcement thread. despite the fact that we already have numerous decentralized and centralized exchange platform, People are still creating a project about an exchange platform. I begin to wonder what and what they are expecting. many of them are also implementing launchpad so that they can be conducting IEO on their shallow site.

It s hard to say you wanna punish them because many of these scammers run a fake identity meaning it is difficult to trace them. Unfortunately, Scam is still very common but what I have realized is that many investors are now considering other options rather than being scam by the ICO. It was painful to see how retiree was begging the dev to give his money back which means a lot of people sacrifice all that they have just to invest but end up being duped by these ICO developers. I think to be on a safer side, It is advisable to consider taking part in a project that is legally registered in some countries across Europe because according to my findings, many of project from this region that is legally registered and their business registration can be confirmed online don't usually scam investors. The worst to return the money contributed back. Lbx has done that last year

I don't think because they have a low trading volume, they can be said not to be a good exchange. Latoken have huge trading volumes but it is no more news that Latoken is a worst exchange and cancer to cryptocurrency at large. A few years ago, research was conducted and posted somewhere on the internet revealing how many of the exchange platform fake trading volumes in order to make them ranked high on coinmarketcap. If you check the list of the top10 exchange platforms on coinmarketcap, you will realize that half of them are not decent exchanges. This is because coinmarketcap criteria for ranking my not be adequate to justify that they are decent exchange. In fact, they are being ranked based on the daily trading volumes when we all know that those volumes might not be real. We have seen in the past whereby AI is being used to anonymously boost trading volumes on exchange platforms. Well, I have not to use coinfalkon or visited their site before but I just wanna say volume might not wholly determine the best platform

Do you ever consider the rate at which many altcoins are being dumped can literarily make you lose your money with a short period? Another important thing is the exchange platform you are using and the type of trading functions they have implemented. Many of the exchange platforms that lists a lot of altcoins are becoming a dumping ground and they are witnessing low trading volume and this is the reason why sometimes it is very risky to invest on the altcoin on those platform except they are top altcoins that are also available on other exchange platforms. I was ones a victim of investing for long term profit on the Dobi exchange platform where I was trading an altcoin with ticker BNOW. Initially, everything was going on smoothly and there was always a guarantee of making a 50% profit every week. This continues for almost a month until the token suddenly witnessed a massive dump probably by the dev team that later turn out to be a scam project and that was the end of my money

But if they are losing their position I am just curious to know the exchange platform that will come close to binance. The reason why people are hyping Binance DEX last year is to see if they can get their token listed. I still remember there is always voting on the Binance twitter page for the highest voted coin to be listed on the DEX. This generates a lot of noise and rumor which seems to be dying down now because I do not think Binance is still adding any token to their DEX platform. I strongly believe Binance is one exchange that still protects the integrity of the crypto project that has achieved a lot of success and those that are willing to take the bold step. If all the exchange platform can be strict like Binance, we will only have a little issue about scam projects as it is no more news that having required money to get listed on Binance does not mean your project will be listed.

do you know that some project dev lias with some exchange so as to benefit mutually, even if you are the kind of person that join and follow projects on the telegram you must have come across some so-called exchange platform representative that will alway message project dev in order to get their coin listed freely on the platform just because they want real traders and traffic on their website. I understand the act of not being patient also contributes to the reason why dev get their token listed on a bad exchange but also they are to blame most because if they understand the dangers involved in getting a solid project listed on a shit exchange, they will not try it. Many of them always rush to get listed on Latoken that has been regarded as been tagged the den of scam and dead token 

It depends on the exchange and the solid of the project. Apart from the few IEO I have witnessed on the launchpad of Binance, I do not think there are any token sales that the price ever goes above the sales during the IEO and ICO for the past two years. Most of them are always being traded very below the crowd sales and this is the reason why It is always advisable to buy after the token has been listed provided the token is backup by a solid team that is ready to keep on developing as indicated on the roadmap because apart of some token that are not listed during sales, some will be listed but after some time they will be delisted if they are not being traded and that might be the end of such project. So in case you want to invest you can look out for some solid project that are conducting IEO on exchange with a good history and buy a few days after the token has been listed on the market.

Checkout Depository.network, they are a perfect example of the project that was difficult to know that it will end up to be scam. They ran a coordinated project development. All the whitepaper versions were clearly written and the project was a solid one. It was not like many projects I have seen that have almost the same idea. Depository wanted to create identity management database for easy KYC verification. During the period they were running token sales, the team was always available to answer all questions both on telegram emails in form of a newsletter. Today Depository is a scam project and I believe the team are planning another scam project because their former site which was depository.network is currently being redirected to assetify, a lending platform.

Researching and doing a background check on a project and dev might help to an extent but will not totally tell you if the project will be a scam. I have witnessed on many occasions whereby a full research project turns to scam. What I have concluded in my findings is that some projects are not created with the intention to scam investors but lack of proper management and dispute between team might kill the project and one's the investor's money is not returned, the project turn to scam. Another way of a scam, which is very common this day is the advanced scam in which dev get token listed on the exchange and they keep dumping by selling off their own allocated token thereby killing the token price. Some of them will give a signal about a piece of planned news that investors believe that might pump the price in order to keep selling off their own token when investors run to the token on the exchange. This is the primary reason why you see some token rising more than 100% at this hard time   

It is the mindset. they believe crypto investment is a quick way to get reach. Probably they must have gotten wrong information or being motivated wrongly by what they see or hear from people. It is so sad that many of them still think crypto investment is still lucrative as it was in 2016. These are the people who will always come here to open thread about how they lost all their money in trading crypto. To any newbie reading this message, you must be prepared to accept risk when you want to trade crypto, and also do not think you can make big money from crypto within few days because there is a high probability that you lose your money too. Many of the traders with long term experience are lamenting about not making profits like before, not to talk about you that you are new to investing in cryptocurrencies. When I was a newbie, the first thing I did was to follow those legendary members' posts and threads created on trading in order for me to learn the pros and cons of trading.

There are two categories of projects I will love to see them die. Firstly, those coins that are backup by a project that does not have any significant contribution toward solving any problem facing individuals today. I have seen and know many of them. They all have mind-blowing whitepaper but the implementation is zero. Some of them, when they get listed on the exchange, that is when the development stops. The development teams and the advisors will be dumping tokens allocated for themselves little by little (pump and dump). The second category is the projects that have benefited from the help of the bounty hunters and other promoters but after successful sales, they end up giving excuses and refuse to pay the bounty hunters their reward. Some project even hedge and lock bounty token claiming they will dump their token while the development team go-ahead to sell their own allocated token.

This is a brilliant idea that can spread and aware people of the potential in bitcoin. Here in my country, there are more local exchangers that merchants that accept bitcoin as a means of payment. In fact, you will see banners and posters of bitcoin exchange in many public places and even outside the bank premises. I believe the act of educating people about crypto will also help its acceptability because of many people, especially those within the range of 40 to 65 years that own businesses do not have an idea of the coin. I once asked a seller in a mall about paying for clothes in bitcoin, I was surprised he knows what bitcoin is but he was not willing to accept it because of the companies where he buys clothes from do not accept it unless he exchange it locally before using it and he said that will be a long process.

bitcoin bank is not necessary. When we are all talking of bitcoin is decentralized. having a bitcoin bank that holds crypto-asset means it is under control of some sort of authority that is equivalent to being centralized. However, I do not think we can have a decentralized crypto bank because the bank is a bank and it will always be subjected to some sort of centralization and in the world today where many people are afraid of putting their crypto on the private wallet, exchange platform, etc. It is obvious using a crypto bank will involve a whole lot of risk especially during this period when many crypto projects are disappearing with the fund of investors. In fact, up till this present moment, I have not seen any project about crypto bank that became successful. It is either they end-up with another product or turn to scam. The Denaro project scam is still fresh in my memory.

It is not the rise of the technology that makes the price of the bitcoin to rise but rather the people's attention about getting to know that a particular so called e-currency price has risen by 500% within few highs. I could remember then that bitcoin started trending on social media because it becomes a subject of discussion by the news media. When I knew bitcoin in 2012, I didn't even know there is anything like blockchain technology. I was just doing my thing and using liberty reserve (LR) but when lr was banned by the United State in 2012/2013, it was then I got to know about bitcoin but it didn't catch my full attention because nobody was accepting it for local currencies in my country then. It was latter that the BTC price hike was windling up that the importance of the technology is being given attention.

Crypto caught the attention of a lot of bad people in the HYIP and what I first realized during the period of crypto run was that many HYIP started using crypto as part of their payment options in addition to other ones such as perfect money, payza, solidtrustpay and others. This did not stop there as many scam schemes are being created with the names of the scheme relating to crypto (e.g Bitdonate, bitconnect etc) while the payment processors being used were purely cryptocurrencies. If you have experience with investing in HYIP before you will know that those behind the scheme are very smart. Today I believe they are the same set of people creating many crypto-related project and throwing IEO on some platforms such as Latoken, exmarket, Crex24 etc. with the major aim of defrauding investors as usual.

I think if you desperately in need money and you have no other sources to get money from, then you can sell it but I will encourage you to exactly how much you need so as not to sell all the 1.2 BTC. I know you must put hard work and invest for a long time before you realize this amount of BTC so it will be very nice if you do not end up selling everything off just like that. since the beginning of the year, we have been hearing good speculation about BTC just like the past years but I have a feeling that BTC might reach another milestone again this year, so if that happens, and you have sell off all your btc, i bet you will dislike yourself. As you have stated, it shows you will be ok again by the end of February, so if there are other alternatives, it will be good you utilize it rather than selling off all your BTC

I can bet with you that 99.9% of them are not true. This is very common on telegram. You get added to a signal providing group and you will be promised of making good return on investment from the signal they will be giving out. The truth of the matter is that many of these groups are working in coordinate with aim of pumping a particular coin and using somebody like you as leverage. They will have many of the similar groups so, in all the groups, they will drop a signal about a particular coin so when you rush to go and buy, you will just discover that the price you are buying might be the highest price the coin will ever reach before it starts to fall back and before you know it you will end up losing your money. This has happened to me in the past. be careful.

You do not understand what the op means by buying anonymously using VCC. The VCC is an acronym for virtual credit cards. A very common online generated card that can be used for payment online. Most merchants don't normally accept the VCC due to the issue of fraud and it is generally believed many of the sources of the vcc's are from the dark web except some few ones which are being issued by the merchants that provide a gift card. I have used vcc directly before but it belongs to a gift card company called tango card.  Apart from some vcc that are stolen, many of the vcc from the gift cards have so many ways of redeeming them and most time they are convertible directly to crypto without need to look for any crypto exchange platform that accepts vcc. You can also google search for crypto exchange platform that accepts vcc but it is very unlikely you find many of them because many of high reputable ones do not accept credit card directly not to talk of vcc.