the other way is to rely on a third party payment processor which is easy and has the option to receive fiat so that you don't feel the "volatility" but it will cost you fees and you wouldn't receive bitcoin you still receive fiat and will rely on a centralized service!
If the OP doesnt know anything about bitcoin at all and just wants to provide a way that people can buy shirts with BTC that is definitly the way to go. Fees are not that high afaik and you are not prone to crashing bitcoin prices which may put a small shop in struggle. |
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My advice: don't buy / hold coins or tokens where it's unknown if they'll survive (inactive, questionable progress, no use-case) and consider if you can exchange them to better ones like BTC.
First of all thank you very much for the picture, an eye opener for those who still think that any coin will moon once the bulls are back. I wanted to add an additional advice. Since almost every coin follows BTCs price movement but usually dumps harder than bitcoin simply exchange half the tokens you got via airdrops/bounties etc immediatly to BTC once they are in your wallet. You still have half the stack of a coin if it moons (though very unlikely) but got also BTC, which is not prone to stopped projects, exit scams and so on. |
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I would like to correct you.
"some" hardwallet may have had vulnerabilities.
I didn't see/read any real vulnerabilities with the nano S ledger. ( I mean something that is not straight out of SCI-FI)
[...]
I believe that hardwallet is the way to go, so I am a little bit biased.
I think so, too. As long as you store the seed in a safe place (bank, ...) they are as secure as any paper wallet but way more comfortable. You can view your coins anytime (especially easy with eg. Ledger Live) or you just need to plug in the device if you want to send your coins. If the device breaks, you can easily recreate your wallets via your seed. So I would rank them at #1 due to the fact that they are as secure as any paper wallet but way easier to handle. |
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Though I barely see posts complaining that they got scammed by this method, I think it's quite common. Instead of stopping after they get scammed, they instead spread their referral code to make back the money from other victims. It's a chain of BS.
Because no one likes to confess that he/she made a huge mistake and fell for obvious scams due to greed, good faith or whatever. That those guys start trying to scam other people in return is a complete disgrace. How do you deal with them? Do they eg. get red flagged? |
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Did your country give license to drive in road even if they do not know "how to drive" right now, it is fine. They will eventually learn after doing couple of accidents, might be killing some people in learning. Ohh! we should respect their way of learning "how to drive".
That is a perfect comparison in my opinion. I must also say that critics of newbies and their posting behaviour are now much less frequent than eg. at the beginning of 2018 when hundreds of new members poured into the forum daily due to the Bitcoin hype. However, what is noticable especially here in the Beginners and Help section is that the same topics are posted over and over again. You read almost every day new guides 'How to avoid scams", "What is Bitcoin", "How to recognize scam" etc. |
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yes, i agree with you and IEO just an upgraded from ICO the main advantages if a project do an IEO is the project will automaically listed on exchange after IEO ended but ICO still have a good respond if the project look promissing with great team inside because i still believe if not all ICO bad  I wouldnt say the concept of ICOs is bad, its more or less nothing else than crowd funding. Bad is what happened to ICOs at a whole: - Exit scams and frauds - Broken promises - Stopped projects after listings - ... Since there are no regulations projects can do what they want and dont have to fear any consequences. Thats one of the reasons why ICOs are pretty dead in my opinion, investors fear that they may lose all their money. |
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If you are not looking specifically for work that is paid out in bitcoins your first stop would surely be a big job exchange/freelancer site like monster.com or stepstone.com (I am an EU citizen, may differ where you are from).
Additionally, there are lots of smaller job exchanges which may offer a job fitting you. Those smaller job exchanges are usually only locally known, but googling "<your desired job> <your country>" may use their job offerings as source, too (at least it does for my country).
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I am one of those people and when I think bitcoin is going to go low I just turn into fiat on the exchange and than I try to buy at what I think is the bottom and when I think its going to go higher I just keep holding it basically so those are my basically shorts and longs and I never risk anything above my money.
Out of curiosity ... do you leave your BTC at the exchange or transfer it back to a safe wallet? If I send my coins back and forth every time, I probably would have lost money quickly due to the transfer fees ;-) |
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IEOs are as trending as ICOs in 2017, they are hyped because ICOS arent worth the effort anymore and the majority of those tokens even dont get listed. Thats the only advantage IEOs have compared to ICOs, everything else have both offerings in common.
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It's not worth it. Most airdrops are just a means of collecting your personal data and contact information to be sold for profit in email lists or similar. At most, you might gain a handful of cents or a buck or two. Bounty campaigns are hardly much better.
Sad but true. Back in early 2017 airdrops and bounties both were very lucrative. You could earn hundreds of dollars in eg. Twitter and Facebook campaigns per month. Nowadays, they are both not worth the effort anymore. I took part in 3 signature campaigns in 2019. All of them were promising projects, one even had a working MVP. None of them was listed on an exchange, one project didnt even pay the tokens. So I had 3 month of effort without getting paid a single cent. |
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Its a bot which instantly transfers any incoming coins to another address. Scan the redirected address via etherscan, I am sure there are lots of incoming transactions per day ... Sadly if this is the case you dont have any chance to transfer your tokens out, they are gone  |
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You are pretty harsh while requesting help ...
I fear your mnemonic seed was stolen and someone installed a bot which automatically redirects funds when sent. If this is really the case then I am sorry, your funds are gone, someone else is controlling them now.
Do you have the transaction ids so we can have a detailed look into your problem?
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I doubt there is anyone who earned a few $1000 on airdrops in 2018-2019. If you did some quality bounty tasks it could be possible but with airdrops that are not even worth $5, and that is if the token ends up getting to an exchange, I really doubt that.
The only valuable airdrop I got was Hydro in 2018, they gave out 222k which is currently worth about 350$, but thats it. All other airdrops together I got iare worth a few bucks. So as I said I dont believe the OP that he was able to earn "a few k$". |
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Now that i gather enough (few k$) ...
You gathered a few k$ via bounties/airdrops? I did a lot of bounties and airdrops in 2018, too. The majority of the tokens I got is next to worthless. So either you are a VERY lucky guy or your earnings arent realistic in my opinion! |
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There are many private paid signal groups, they have got free and paid version. Some of them have got very high monthly subscription. I haven't heard that many people have benefited from these groups. I have joined one of them, but the signals they provide are not up to date.
Like I wrote before the only one who benefits is the admin of the group and maybe members of the paid group if there are enough idiots in the free group who follow the "insider tips" of the admin. Its no surprise that even the SEC is after such groups! |
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I'd like to hear from you about what i have found out.
In our place they open a company who will accept investments which they guaranteed 400% interest for 1 month. I have found out that they do crypto trading. Is this usual to identify them as a scam?
If they are THAT good to get 400% return with any investment they wont sell their strategy and simply get painfull rich in no time. So yes, definitly a scam attempt were you will definitly lose your money. |
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Thanks for the clarification mjglqw! Was shocked when I read the headline Well made phishing attempt in my opinion, I am sure that a lot of lesser advanced users are going to enter the passphrase ... |
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Some of the "paid groups" hosters were convicted of dubious business last year, and not without reason. The only one who benefits from such groups is the hoster himself.
Works in principle like this:
You pick out coins that you can advertise as an "insider tip" and buy yourself just so much coins that the price does not shoot up. You wait a few days and start promoting this coin as an insider tip. Group members start to buy this coin, too and the price increases. You sell with great profit and start the game from scratch.
Of course, this scheme also works for "personal investment tips" by phone or mail, but there it is usually about much higher sums.
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I hear it more and more, Thanks for the post. It looks like they are tighten the rules and use there generic account investigation as the reason to force kyc. Feels like they going to force it to anyone sooner or later.
Exchanges have to KYC their customers or will be forced to shut down or prohibit access for citizens of particluar countries or are taken to court. As an exchange provider you definitly dont want to get in trouble with institutions like SEC so times are over when Exchanges could do anything they wanted to do. |
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In my opinion, this is also the case with banner ads, Facebook ads etc. You usually dont click on it, but you recognize them subconsciously. The next time you are in a store looking for eg. shoes you recognize the previously subconsciously seen shoes from advertising again and take them rather than not advertised products.
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