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With a lot of apps and online Bitcoin and altcoin wallets; what are your most trusted wallets and exchange sites that you usually use and visit?
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Do you have any good reason to believe that the crypto market is going to grow this year? Do you think we may end up in all red? I do not see the growth and happy investing of last years.
It's very hard to predict what will happen to the value of Bitcoin in the next few months but it is always safe to hold your current coins and wait. Who knows the prices might go up jsut like last year. That's the beauty of crypto currencies, it's very hard to predict, you cant reallt rely too much on the charts. |
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I was making a list for my team on how to stay away from Crypto scammers, and thought I would just share it here as well.
Here are the type of Crypto scammers that I have encountered
Type 1. ICO as a SCAM - (More info contributed by: tosindesign)
There are ICOs that are only designed to get your money. Once the ICO is over then the pages are taken off the net and the makers of the ICO disappear with the money. The last case we reported was LoopX, but this is not the only case.
How can you protect yourself?
1. (by: tosindesign) Generally there is no 100% protection here. A good indication for a scam is there is no team mentioned on the website or whitepaper. Although everything is very superficial and promised a lot, but after reading the white paper is not clear how that should be possible.
2. (by: GeckoTrader) One of the best things to do to avoid ICO scamming is to learn and back read all information about that ICO. As they always say " More knowledge is power"
3. (by: GeckoTrader) The team should have been communicating to the community.
4. (by: GeckoTrader) Always they should have an update from their company. If you sense something fishy do not hesitate to ask question from them. In that means you can confirm whether they are legit or just a bunch of scammers.
Type 2. Scammers who sell FAKE COINS (name / coin code is same but coin generating contract is different)
How to protect yourself: Check the contract address of these coins, if it came from the same contract address
Type 3. Social media scammers - Would post like "I will send you 50 ETH if you send me 5"
How to protect yourself: This is an easy one, they all are scammers. Dont even respond.
Type 4: Identity theft scammers - These guys will contact you as CEOs of ICOs or Social celebrities, usually banking upon the names of a famous person
How to protect yourself: Try pinging them from an another ID of theirs (say if scammer pinged you from Telegram, drop them a message over their facebook ID) and ask them to check that message. This would work as a Two-Factor-Authentication for that personality.
Type 5: Malicious code Trojans - Like Wordpress or Chrome plugins, that would use your machine to mine for crypto currencies, using your machine for the same
How to protect yourself: Try not to do plugins or replace them with cloud powered services, OR, Install only trusted plugins, with loads of reviews maybe. I wont be surprised if these trojans take shape of free downloadable games or cracked softwares downloadable for desktop or your mobile.
Type 6: Online Seed Generators (contributed by: tosindesign)
For some wallets (eg the IOTA Wallet) you have to set your own seed. In the case of IOTA, this is an 81-digit password that must consist of uppercase letters and at least one 9. Since some did not want to generate a password themselves, they resorted to online seed generators. These generate you by mouse click an 81-digit seed. However, as it turns out later, a few of these seed generators also stored the generated passwords, The stored seeds were then later used to steal the assets of the investors concerned. You have to know that the seed is something like the master key that allows all credits to be transferred. A thief does not even have to have access to your computer on which the wallet is installed. The seed is enough to access your balance on another computer.
How can you protect yourself?
Never use an online seed generator! When generating an 81-digit seed, all you have to do is push 81 random keys on your keyboard.
Type 7: Phishing website attempts (contributed by: tosindesign)
Scammers would copy exact replica of the websites (wallets, exchanges) and try to get you to login, thereby recording you password. For example, the page Blockchain.info was copied to get the logins. You have to know that Blockchain.info also offers a wallet service where Wallet could save your bitcoins. If Google users searched for “Blockchain info” in some countries, they ran a Google ad that led to Blockchaina.info, a cheat site that has nothing to do with Blockchain.info. The site was a 1: 1 copy of Blockchain.info and was only designed to get login information from users. There are also similar attempts to MyEtherwallet.com and other sites.
How can you protect yourself?
Never click anywhere on a link to a page where you want to log in. The best way is to bookmark the pages and just go over the web pages. In addition, you should always look for the SSL encryption. There will not be a page that stores important data from you and is located at http: //. All pages should now be encrypted SSL and have a https: // domain (although the pages can also be accessed at http: // they will redirect to https: //). The SSL certificates will also show you every browser, for example by a small lock symbol.
Type 9: Used Ledger Nano (contributed by: tosindesign)
At ebay and in other marketplaces there are always offers to buy the Ledger Nano a bit cheaper. This is particularly interesting now, where the Ledger Nano S is sold out and will be available again in one month. There have been cases in the past when users bought a used ledger on ebay and the seed from the ledger was already filled out. Anyone who has not owned a ledger to date will hardly register the difference. Of course, the previous owners have also noted the seed in these cases, which then allows them to get access to the crypto currencies that the new owner stores on the Ledger Nano S.
How can you protect yourself?
If you want to use a hardware wallet like the Ledger Nano S, buy it directly from the manufacturer and make sure that it is still original packed. The enclosed note on which you can write down the seed should never be filled.
Type 10: Airdrops that ask for personal information (contributed by: StarKay)
There are hyped up airdrops that may ask for KYC information, that may end up being used by scammers / hackers.
How to protect yourself:
Think of your personal information as an investment as well. Research who you are giving your information to and why that ICO will need it
Type 11: Identity theft via Social Media - (contributed by: darkangel11)
You have to realize what they want from you. In the end it's always your money, while in the process they may want some personal data, a phone number, whatever they can get into.
How to protect yourself: Never willingly give anything. Don't share your real social media accounts with random people, keep your email addresses to yourself and if you have to use them make sure to have burner emails. What are burners? Not necessarily emails created for every forum and project. Just emails that don't contain your personal data and that you're not using for online shopping, banking and so on.
Please add more below, or share your story.
thanks for the information Sir, really learned a lot from this. What you wrote is true. It's really hard to filter scams this days.  |
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With the world embracig the advancements of blockchain technology; are you in favor of including blockchain technology as an educational subject into our schools? What are the benefits that you think will result if we do such action?
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Profede is the next generation of professional data privacy.Thanks to blockchain, you can be sure your data is protected.”
A very Promising and diverse blockchain that is worth a try. You can join and invest in the link provided in the signature below.
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Smartphones are having more and more computing power than the year before. But why are some developers using are still not using their smarthphones as a means to mine altcoins? Is it the cost or the lack of developers that still hinders us to do so?
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In a world full of new innovations and technological advancements; what do you think is the most effective and efficient way of convincing people to join and invest in Initial Coin Offers?  Comment in this thread for a more meaningful and educational exchange of ideas |
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My first campaign turned out to be legit so i was quite happy about it. But I waited too long for it to be listed to an exchange. For me, it was a promising coin. When it got listed, it didnt get enough attention. Most of the people dumped their tokens and then slowly its value just died. I didn't getvto sell my tokens. I still have it until now. But it is of no value already. I hope the developers will do something about it. But for now, there really isn't anything to do.
Thanks for sharing your story, really happy to hear that your first campaign was a success. Hoping my experience will be the same as yours. It's really rewarding when it pays back all your hard work into it. |
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there has been a couple of news that has changed the game quite a bit. now there is a lot of money coming in from new sources which is increasing the demand and driving the price up.
i personally think the main reason is the CME news about adding a bitcoin market next month.
you can visit the speculation board to read more about what people are saying.
Thanks for the reply Sir, really appreciate it. It's been a while indeed. Hoping this changes can bring a positive impact to this forum and all the other users. Bitcoins value has been veey volatile this past few months |
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Hi everyone, it's my first time joining a Bounty campaign with Telegram and signature campaigns as well. Hoping that this project will be a success since it is a very promising project.
How was your first campaign like? Would be happy to read your story.
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Hello Admin, just updated my signature and joined your Telegram campaign just now. Hoping to get a positive repsonse from you. 😎
ETH address:0x89ae0b57cf4fa0bc03f429ee34ae0d0d87d0e876
Telegram username: Clifford
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#JOIN_AIRDROP
ETH address:0x89ae0b57cf4fa0bc03f429ee34ae0d0d87d0e876
Telegram username: Clifford
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Don't you think price blast not correlate with its real life usage since its inception?
Its hoarded for speculative purpose but how many major cities in the world have even its ATM?
I mean we all the time correlate its value with fiat currency then buy/take then what's its purpose in my day to day life?
Who will accept it in store when confirmation time is so long.
For now it remains a dream knowing that the government will try to control Bitcoin transactions should that senario come into reality. Bitcoin was created for it to be discreet and annonymousa nd most of all away from Government intervention. Using it for such wide applications may take a risk of going against it's own core of existence and purpose in the first place. |
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With the issue on protecting users form scams; it's a much more complicated setup knowing that the government will be involved in the process.
Bitcoin was created to transfer and transact anonymously without government intervention and without tax.With that in mind the government may have to tax Bitcoin transactions if that is the case.
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It's a good step in integrating bitcoin in the society, but it may take sime time before the public can really enjoy the convenience of cryptocurrency. Hope other countries will follow suit.
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Also because of the many altcoins trying to enter the market to beat Bitcoin. Just saying.  |
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Hi guys,
Just came back from posting in bitcointalk.org, was wondering why Bitcoins price suddenly skyrockted ?
Thanks in advance for the answer...
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Should there be a company that focuses on the applications of bitcoin in our everyday lives in Kickstarter, would you be happy to invest your bitcoins to that comapny?
Services offered on this company would be direct debit cards to pay your bills using real time market value. A debit card that will allow you to purchase items in malls, grocery stores, hospitals and even communications services.
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Hey Bitcoiners? I'm desperate to start earning BTC
I'll do any kind of online activity as long as there's a Bitcoin payment. Where do I start?
Join signature cmapaigns or visit bitcoin faucets. Though the first option yeilds much more income comapred to just typing capthcas in faucets. Join a campaign and you'll earn some sats and just keep it in your wallet for the future. |
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