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Not spending more money than one can lose is not a way of avoiding scam, it just minimises the amount of losenone could incur. A way to avoid scam is doing thorough research on projects before investing.
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There are lots of cryptos with use cases, while I agree that there are more with no intricate uses. I'm just hearing about the HST decision token for the first time, I will take my time and look into it.
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It's a gradual process. The jump might not happen today but in the coming years when many people would have signed up on these platforms, it will be easier to witch from the current social media apps.
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Once you learn to question everything to ascertain the underlying motive you will be less likely to fall into a fomo trap.
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Market manipulation can either lead to coin pump or dump. Dumping doesn't just happen, fud and manipulation takes centre stage in the dumping of coins.
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Time is money and bounty hunters invest much of it into bounty hunting not to talk of other resources they usually put in place but at the end they receive small amount of tokens which may worth little or nothing. Some may have moved on with other more valuable jobs.
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It's strange because I always see bounties state categorically that no red trust member is allowed to wear their signature. If it's happening now, it has to be a case of incompetent bounty manager.
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Daily trading is tasking, requires monitoring daily and posses high risk compared to just investing in a coin and leaving it for some time to grow. Holding is also risky because at the point of holding such coin might lose a lot of value leaving you with huge loss.
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The rules are not meant to be kept by the makers but to be kept by others. You see a lot project keep changing the rules to suit them but a participant mistakenly faulting one rule never receives mercy.
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I had a couple of experiences like this earlier in my bounty years. You come across authoritarians who brandish ban easily, I usually move ahead but I always make sure I make my stand clear before I'm banned.
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Except an exchange is hacked, that is, a lot of user's info are stolen by a hacker, an individual whose account gets hacked is solely responsible because he or she must have given out his/her password either knowingly or unknowingly.
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2 years ago, I came here looking for an alternative to day job and at that point it seemed I've found it but the market situation has really set my back a lot that a day job I looking more appealing right now.
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A coin with no trading value is equivalent to a good in the market that no one is asking about. They are both useless, only in the case of crypto a turn around might happen, maybe hype, then the one unwanted coin will be sort after.
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I think a lot is at play currently, those who wish for the price to continue upward and those who wish for a fall so they could invest more. I believe this what has stagnated the market, every little rise is met with a fall.
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Great prizes means there will be a lot of tokens to be dumped immediately after exchange launch which is a bad thing. Investors make this mistake of thinking that they are getting much more from bogus bonuses being offered them.
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It's part of the risk that comes with crypto. I've been hurt by failed projects in the past. Sometimes what really cause the pain is the trust rubbished in the mud but you only have to move on since there's nothing you can do.
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Most people will gladly jump on the opportunity of making 500% of their current portfolio but might be put off by the promise of never investing in crypto again. Until the opportunity presents itself, I already know where I belong.
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The above information is very useful. One thing I've developed over the years is being critical of everyone/everything. I'm not easily trusting, I tend to question everything. This has helped me avoid falling for scammers.
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