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#PROOF OF REGISTRATION
Bitcointalk Username: ub27
Participated Campaigns: Article
Telegram Username: @Jesusme1
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#PROOF OF REGISTRATION Forum Username:_____ ub27 Forum Profile Link:_____ https://bitcointalk.org/index.php?action=profile;u=399183Telegram Username:_____ @Jesusme1 Participated Campaigns:_____ Signature, Article, Telegram ETH Wallet Address:_____ 0x8402980A0000430c7d4980cE07C49F009bD19ED5 |
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I don't know but have always had that urge that this project isn't worth my time, many of my friends were rushing to take part in it and also knew someone that bought a huge amount of the token. I critically studied this project a d didn't see it for to participate in and so far it has turned out that my hunch was right
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Proof of Authentication
Telegram Username: @Jesusme1
Bitcointalk Username: ub27
Joined Newsletter? YES
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I believe that every good lesson starts with a good story and on this note, I want to tell you about the experience I had that made me cautious of "Get rich quick" schemes online especially those pertaining to Cryptocurrencies.
I discovered Bitcoin in early 2013 and although I didn't take it seriously at first, I was earning little money from it doing tasks online (pay for view, faucets and such), I took it more as a hobby and never intended on selling the bitcoin, I just knew in my heart that it would do great so I wanted to accumulate as much as possible without having to spend my money buying it (this was before I got into mining), fast forward to 2015 when the money doubling schemes were everywhere, I kept seeing adverts online and even though I knew better, I decided to invest in one of them (Avabitcoin) with the coins I got from my early days of discovering bitcoin, Avabitcoin was a platform where you invest bitcoin and they supposedly invest it and return profits to you on a daily basis, I decided to take the risk and invested for the first day, got back my money plus 12% profit, and greed overtook me and I did kept doing it for 2 more weeks before they vanished with my funds. I kept going all in even when I had already doubled my money. If you want to avoid getting scammed online, you just have to follow the following:Greed: Greed has led a lot of people straight to rekt, like my story above would have told you, I couldn't resist the pull of greed even when I had doubled my funds. HYIPs: When it looks too good to be true, then it's probably too good to be true, when you see any investments that promise high yield returns, please stay far away from them, when you see genuine projects that offers returns, most of their returns are so low, some of them are average of 10% per annum and it's a wonder that we see platforms offering 10% and above in a day and we gladly jump straight into rekt, like I said, if it sounds too good to be true, then it's too good to be true. FOMO: If not for the hype that Avabitcoin generated, I would not have invested in it in 2015, learn how to DYOR and avoid what others have to say about projects they seem to support, infact your mindset should be that everybody is trying to rip you off so if you always look at every hyped project with that mindset, you would have a clearer picture of the project without the blindfold of FOMO. Rushing: Avoid rushing into any investment because you heard it's paying others, one of the virtues of a Cryptocurrency investor is patience, Cryptocurrency investments are high risk investments and you have to treat it like gambling, never invest more than you can afford to lose, never go all in on any project no matter how good it looks. EDIT:Click on random websites: Many airdrop websites you see these days asking for personal details are fake and many of them are just clever ways to steal your private details and use it to steal your funds, be careful of the links you click and if possible, bookmark your sensitive websites (the ones that need private information like private keys and passwords) so that you wouldn't fall for a clone website.
Use new wallets: We can all remember the recent incident that happened with satowallet where the wallet stopped working and users lost a sizable amount of funds, we should stick to the existing and trusted wallets instead of just jumping into any random wallets swe see online, many of them don't have your best interest at heart.
Repeat Passwords: I was just surfing through the forum a few minutes ago and saw a post where a guy managed to hack an ICO website and contacted the admins and the admins just don't care, never repeat passwords in two websites so that if a hacker manages to get their hands on one of your passwords, they would not be able to affect your funds in other platforms.
Please try to include telegram scams on your list, they are trending big now and almost all newbies from india have fall victim to this scam tricks, scammers steal project teams image and use a near identity name too, for example a legit project team member can go by @fisher as the username and scammers will change the name to @flsher with same profile image to give you good offer, if you don't check very well you will think its legit.
If you have any similar experience, please kindly share it, it might help others (especially the newbies to avoid being scammed by shady projects out there and if I see good suggestions, I would edit this post and add them as well.Seen some awesome answers and I would be adding them soon, keep the suggestions coming. You really gave out the best tips so far and I wish majority of us would read and adhere to this points, I love the part "Repeat Password", as I have many friends that do use same password for all their transactions, now will copy this post link and send to them so they can read through |
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Secretly but exposed, personally I don't see anything wrong with it, just that people and media will always escalate things out of proportion and at such spread fear among the Crypto communities
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I'm not asking recap on what's happens in the Cryptocurrency industry, but on how 2019 made an impact in your lifestyle, motivation and financial status, is it positive or negative, are you full of hope or losing it, what is your assessment this coming 2020.
2019 was very financially beneficial to me, I made cool money by doing simple task that I never imagined could pay, made friends that turned family. I achieved my target for the year |
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It is very easy to advocate for people to do research before investing but unfortunately even with thorough research on this projects, many of them still end up disappointing investors, knowing the right project to invest on is not always easy because some trusted project can also disappoint.
Yea even with investigation, some projects will still flop but it's better that some fails than involving in a project without any knowledge at all, I believe that will be a total loss, do I believe when you make investigation, you can never have it all wrong |
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I don't really understand why the exchange should be labelled scan if most people are still making withdrawal. My friend also just made a withdrawal, I guess they are having issue with some token withdrawal |
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What can I do with this 9$ worth of Bitcoin Cash to make it grow in a short time? Should I trade cryptocurrencies? How about trading bots?
Congratulations on your first earning but so far it won't be of much as it is so little but let it be a motivation to you to strive to earn more, you can invest if you have the money or you can join bounty as a hunter, work and be paid with tokens which you sell but it still not easy |
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Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
This are the three main reason why they get easily scam
Greed, because there are a lot of promise by the campaign and the developer we easily believe that its true
investing a lot of money in the project that is garbage.
No knowledge also is the second reason because of the trend they just go and invest without any knowledge of the said project
Trust because they trust the people in the project which sometimes pretends that the person is a member of the project
they can easily decieved that once they invest , they will soon find out that the person is just impersonating , and not really
what all expected.
You have actually pointed out the most important points and I will like to buttress more on them. 1- Greed- I found this to actually true, greed is the reason why majority get scammed, greed to make quick cash ends most to regrets 2- No knowledge about the project- will also add laziness to it. People tend to rush into project without have pre knowledge or making research about simply because they don't think it necessary or too lazy to research or have trust in the person that introduced the project to them. |
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I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!
Majority is now moving from mining to staking as the apparatus and the market isn't that favourable anymore. Staking isn't that bad but you have to read about it to actually know how it works cos loss is also inevitable with staking |
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I recently joined a great telegram channel for the announcement of bounties. What do you think are the best ones to join?
Thanks, -CR
For bounties, its good to look here in the bitcointalk forum than telegram channels? WhAt kind of bounties are looking for? Are you looking for telegram bounty? While look for telegram channel when you can get a hand full of it here in bitcointalk, just search through the bounty section and you will be the one running from too much bounty |
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