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2161  Economy / Gambling / Re: I Have a Question ~ Are 1xbit Campaigners Playing on 1xbit? on: August 13, 2022, 04:46:36 PM
Still haven't seen an answer from current 1xbit campaign participants. I guess they are guilty themselves that they are promoting the malicious casino and just avoid this thread to be safe from not being removed by their manager Roll Eyes . I also has a guess that some of those participants/accounts are being controlled by 1xbit employees cause of the history of the participants account which are abandoned for a long time, has a bad post quality, red tagged and other reasons why it can't enter a campaign that has a good reputations.

I also guess that those participants isn't even playing on 1xbit because I'm sure they know the background about the casino.
2162  Bitcoin / Bitcoin Discussion / Re: Hold your bag when you can on: August 12, 2022, 08:23:56 PM
The FUD is designed to shake weak hands and relieve them of their coin.  When the weak hands can no longer hodl, it presents a great opportunity for opportunist, late comers, as well as the savvy sat stacker.  Sell at your own peril.

Not only the FUD, whales actually have a lot of ways for people to force and sell their Btc. Only those weakest would sell especially during the bear market.
But yeah I agree, FUDS were designed to let the weak hands sell their bags and help to pull Btc's price down for a good opportunity to buy at a much lower price.
A lot of crypto enthusiast have thought about that, no wonder why FUD spreads like a wild fire lol.
The one who are new to the market or the one who has the slight idea on what are they doing are the one who are being affected by the FUDs, I agree that FUDs are design to get rid of the weak hands for the whales or knowledgeable people to have more opportunity to grow their portfolio. FUDs are becoming effective especially on euphoria phase or bull market since there are many newbies who just entered the market, They are easily shaved off from the market just because of FUD. I  myself seems to be immune from FUDs because of how many FUD I've seen on my entire stay on cryptospace.
2163  Economy / Gambling discussion / Re: How Problem Gambler Feels After Losing on: August 12, 2022, 07:39:23 PM
I've gamble for years now and I know from myself that I did experience chasing loses and doing Post-Loss Speeding after having a depressing loss. The primary reason why I did things like that is because I don't have any control to myself. I admit that I'm a gambling addict before and this is what I experience every time I losses on my gambling session.  It affects my current financial status because I spend more money than I do plan to spend and also the mental effect takes a toll after not getting what you aimed for. Being honest and accepting my current situation helps a lot in realizing and controlling things that I shouldn't do like overspending on my gambling activities.
2164  Economy / Trading Discussion / Re: Failed in trade it's not joke. on: August 12, 2022, 06:54:01 PM
The main reason of failure of people in trading is that they follow certain strategies for making such a huge money in very less time of period but due to their greed they do not get their aim and become looser in trading. I just recommended that choose some amount of money that is feasible for you to cope with it after loss but do not be discouraged because it is a part of trading.
Taking up other strategy sometimes worthy depending on the situation. Rushing your trades won't do anything good to you because you are just aiming for fast profits. There are strategies that are good for getting fast profits but it takes some real trading skills to do it and addition to that is the greater risk of the trader losing the trade. It's always a good habit in not going all in on every trading session, Always keep some money for recovery since there are no always win on trading and continues loss happens a lot. It's the same as investing, Don't put all your eggs in one basket.
2165  Local / Altcoins (Pilipinas) / Re: Axie Infinity Philippine Thread on: August 12, 2022, 06:03:27 PM
Maganda nagiging galawan nila sa transition sa v2 to origin. Mas gaganda at papabor yan kapag ok na yung rewards system nila katulad ng sa v2 ngayon.
Tama lalo na nagbigay na ng sneak peak mga sumali sa builders program nila at may nilabas at malamang makakatulong ito ulit para lumakas ulit ang presyo ng slp, sa ngayon abang nalang talaga tayo ng updates at medyo nagugustuhan ko mga nagaganap sa kanila ngayon. Tsaka nagpapakita ng kunting pump si slp at for sure umaasa ulit ang mga old holders na mag pump presyo ng slp at axs.
Tumaas konti slp, sa ganitong pagtaas tuwang tuwa na tayo. Dati kapag tumaas ng piso o lima, di pa tayo masaya pero ngayon, centavos lang ang dami na nating excited.
Nasanay kasi tayo dati sa big movements ng SLP na halos 40% gain ang itinataas niya once na may lumabas na news or updates about axie infinity kaya todo hype noon si Jihoz dahil sa tweet power niya noon. Sa ngayon na mababa yung value, Hindi natin masyado ramdam yung 40% gain pero atleast sumasaya padin yung existing players dahil sa pag taas ng SLP.

Kung ang usapan piso, reachable yan para sa akin pero yung dating ATH na 20 pesos o di kaya kahit 10 pesos, tingin ko yun ang mga malabong price na maabot.
Ang maganda lang sa nangyayari ngayon, tulad ng sinabi mo na konti lang ang mga players. Konti lang din ang minting at sana ito yung magiging foundation ng susunod na bull run at masama ang slp.
Dati kala natin impossible ma reach ni SLP ang 20 pesos each at surprisingly naabot nito kaya kung piso lang ang usapan may posibilidad na mangyari ito since hindi naman ito malaki at marami ang positive na maabot ito lalo na malakas ang hype paglabas ng origin.
Posible naman ulit ang piso kasi may burning mechanism naman at nagpa event din si Sky Mavis kaya. Tingin ko kung gagawan lang din nila ng paraan, kaya nila tapos gawa lang din sila ng news na nagburn at buy back sila, panigurado pasok agad sa news yan at madami magpa-panic.
Yes, Dumadalas na din yung event ng Sky mavis na connected sa pag buburn ng SLP kaya possible na umabot ng 1 pesos ulit ang value ng SLP. May mga breeders padin na nag bbreed ng axie ang hindi ko lang alam if profitable padin yung ginagawa nila. Yung buyback is satingin ko hinihintay nila yung right time para gawin yan. Nung nag dump yung presyo ng slp and axs ehh hindi sila nag buy back, Satingin ko gagawin nila yun pag nag ka traction at gusto nila pataasin talaga yung price. I still believe na possible padin na mag buyback sila.
2166  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 2022 is the time to buy or sell? on: August 11, 2022, 10:55:28 PM
Not 2022, not 2023 but the present day, every day is the time to buy and sell. Only strategies and and sometimes luck can be more effective in buying/ selling of any currency. But the end, I suggest only Bitcoin to buy. 
As you know there are so many factors in buying and selling assets. Not everyday is a good day to buy or sell. I've have an experience being a daily trader and It is not for everyone, Not everyday you can earn a satisfiable profit or can even lose on your trades. It seems that your point of view is on daily trading which is profitable but I guess OP is asking for long term asset investment and he is determining our market situation if it is advisable to buy asset this year or sell. I think that he is trying to maximize his potential profit by following the current cycle like for example this year we experience massive dump on the market and for many of us consider this time to buy and accumulate assets like bitcoin because of it's low price. The lower the price we buy the asset is the higher our profit is.
2167  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What's the $500 for? NFT or Coin! on: August 11, 2022, 10:16:35 PM
You're wrong, the NFT hype isn't over yet, it's just the beginning, we're in a bear market, but look,
many NFT, Metaverse and Play to Earn projects are recovering very well, this means NFT is still not finished.
All I know NFTs are not just in the form of images. There are some products and even they have products in the form of tokens. So I think as long as the token continues to be strong in staying on the exchange it will have a good impact. But for product images or others I think it's just hype won't last long because the individual-based perspective for profit-making potential seems too difficult because the volume is not as large as the coins or crypto that are in the market. Therefore I think nfts that have products are only images, music and do not have tokens will not last long
NFT can be in a form of digital image, In game asset, Music or any kind of product that is tokenized on a blockchain. It doesn't need to stay on an exchange to have a good impact, There are a lot of NFT collectables that has value and impact even they are outside the exchange. Hype is not forever and it is expected to be over after sometime but it doesn't mean it can't repeat itself. This is why I think as long as the project is still building, There's a chance that it can shine again what ever NFT it is. Same applies on coins or tokens.
2168  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you regret when you miss selling at ATH followed by a correction on: August 11, 2022, 09:31:53 PM
It often become a good opportunity when you sell at a peak and after that the correction come and you buy again with low price but many people miss that opportunity who then regret but I do not regret when I miss that opportunity because I do not do greed and remain satisfied with my current amount of coins and I know in the future the price will grow again to another ATH and my current coins are enough to give me enough profit. With this thought I keep myself tension free.

What is your views and conditions at that time?

everyone will surely regret it if they have gone through times of altcoin bulls reaching new ATH and has been followed by a correction. because the new ATH is unlikely to happen in the near future, but it takes a long time. and if we can sell altcoins on new ATH then we have a chance to get bigger profits. and we can buy it back when the correction occurs.
thats why how important taking profit in every trade. No matter how much return we get from coins, price will do correction or reversal we never know. By taking profits and re analize market, i am believe will make our  portofolio growth faster than just holding.we have more buying power with profits accumulation we got before.
I'm sure that most of us has our own regrets on not taking profit on trades, The common reason of it is because of overestimation of the market and becoming greedy at the same time. There will always be a price correction and retracement on massive pumps and it is expected most of the time. Of course, Actively trading opens new opportunity on having that buying power and getting more profit from your trades. It takes time, effort , knowledge and patience but it is definitely worth it after being satisfied with the profit you earned on trading.
2169  Alternate cryptocurrencies / Altcoin Discussion / Re: What's to make of the NFT craze in retrospect? on: August 11, 2022, 08:41:35 PM
I think the NFT craze was an interesting phenomenon to witness from the sidelines. In retrospect, I think a lot of people made a ton of money at the forefront.

I suspect the massive amount of people stuck at home during the pandemic with too much time on their hands contributed to the overvaluation of tokens and created unnecessary hype in this space.

At the moment, I’m just keeping my eye out on some sites but not really too interested in getting into NFTs right now.

On the other hand, people investing in these kinds of digital assets is far from over and I don’t see it going away any time soon. The NFT market has taken a huge hit just like crypto but will probably pick up again hopefully this year or latest in 2023.

The only way to know if they will recover is to wait for the next bull run and see what the market does, it is true that some people made so much money with their NFTs that this attracted a great deal of people thinking they could do the same, but they were a minority, I am sure the majority of the people that participated in that craze are questioning themselves about what they were thinking at the time, since it is very likely their losses were massive and there is almost no hope they will ever recover all the money they lost.
By the time that NFT is very profitable, People flock over on NFT projects and made money on every project they can possibly milk on until the projects are getting rugged one at a time. People jumped out on NFT's because of trust loss or monetary loss since projects where abandoned and no hope for recovery. For now projects who is continuing their product development or following their roadmap has still some chance to recover especially when the next bull market arrives but I'm sure most of them will be gone before they experience the euphoria stage again. NFT projects who are abandoned where most likely can't recover their value and this means monetary loses from the NFT owners.
2170  Economy / Gambling discussion / Re: Rise of Streamers in Online Gambling on: August 11, 2022, 07:59:37 PM
The best way to confirm any claims 'I won x amount of money in betting' is to get his tax and income report. If he indeed won $686 million worth of bets, it can be easily cross-checked. I don't know much about this xQc streamer but from a google search, he's a Canadian and they do not have to pay taxes on gambling winnings. This might be hard for you to verify his claim after all.
In that case, It's hard to verify about the winnings he declared. Though it's possible since he said that he has a gambling addiction according to the article I read. Gambling streams is now starting to get popular on twitch and there are some viewers who are telling twitch to stop gambling streams, as for the reason I don't know but maybe it's about the possible gambling influence that this streamers can do on his viewers especially on underaged viewers.
I think tax and income report are a personal matter already and won't be possible to shown in public but on some sites like stake for example, it's possible to request a detailed statistic or report about your gambling activities.

I don't know if what gambling site that streamer play but he can try to request on the site where he play and that's the one he can show to his viewer. Maybe on some gambling sites, your stats are already recorded on your profile. That can work too. He is a streamer so it's not shocking that he can bet an amount like that because the money that he was using was not from his own pocket anyway.
On the article I've read, It's shown xqc is streaming his winnings and the casino he is playing is stake. He voluntarily showed in wager history on his stream after he read an article about his gambling activities. I don't know what game he is playing but his bets number are 600k+ so I guess it's a fast paced game like dice. For me it's nice to see that he is being transparent to his viewers about his gambling records and activities.
2171  Local / Altcoins (Pilipinas) / Re: Axie Infinity Philippine Thread on: August 11, 2022, 07:16:24 PM
Nakatulong ang update na ilalabas which is yung slowly transitioning na sa origin at umangat ng kunti ang presyo ng slp. At for sure kung madagdagan yang burning mechanism which I think mangyayari since may runes na ilalabas mag pupump yang slp. Pero kahit ganun di ko ini-expect na mataas ang pump na dala ng hype nito since looking at the market nasa questionable state parin tayo.
Maganda nagiging galawan nila sa transition sa v2 to origin. Mas gaganda at papabor yan kapag ok na yung rewards system nila katulad ng sa v2 ngayon.


Tama lalo na nagbigay na ng sneak peak mga sumali sa builders program nila at may nilabas at malamang makakatulong ito ulit para lumakas ulit ang presyo ng slp, sa ngayon abang nalang talaga tayo ng updates at medyo nagugustuhan ko mga nagaganap sa kanila ngayon. Tsaka nagpapakita ng kunting pump si slp at for sure umaasa ulit ang mga old holders na mag pump presyo ng slp at axs.

Madaming sneak peaks before kagaya nung axie racing and axie adventure na kasali sa builders program. Eto yung nakikita ko na reason para tumaas yung presyo ulit ng slp. Maganda talaga pag seryoso yung team at tuloy tuloy yung progress even bear market pa. Dahil sa success ng axie infitnity is maraming nag tiwala at gusto gumawa ng games nila na associated dito and for me it's a good move. Sooner or later hindi lang axie related games yung papasok sa sky mavis, Hindi ko alam if may plano yung sky mavis pero satingin ko magiging steam version sila ng GameFi


Source: https://axie.substack.com/p/builders-first-projects
2172  Economy / Trading Discussion / Re: Tips for newbie to long-term investing on: August 10, 2022, 08:47:37 PM
Long-term investment in my opinion is very risky for newbies, not even for newbies either, but all of them,
because in the very high volatility crypto market, our capital can be liquidated, there is a way that we can avoid that,
by eliminating greed in trading.
Crypto market is known for it's assets volatility, It's a normal behavior of most cryptocurrency to be volatile. I don't know why you tell us that the capital can be liquidated if we take long term investment path, As far as I know you can only be liquidated if you are doing leverage trading. If you continue to accumulate crypto as your investment, The value of it won't be liquidated as long as you choose the right type of crypto to buy. It's much easier and safer compared to trading that requires knowledge and effort to do. In my opinion long term investment is always a go to for newbies as long as they choose the right type of coin to purchase.
2173  Local / Altcoins (Pilipinas) / Re: Sen. Manny Strikes Again... Creating Dog Themed NFT on: August 10, 2022, 07:50:50 PM
Sa tingin ko magiging saturated na itong mga JPEG type NFTs kahit coming from the celebrity pa yan. Parang hindi worth collecting mga itong NFTs ni Pacman. No disrespect despite that he is so supportive sa NFTs, but I don’t ang NFTs nya are attractive.

Yung mga NFTs na parang out of the box thinking at imagination like yung kay Luis Buenaventura II, yan ang talaga na nag stand out pati ang mga next level animated NFTs (not those easy cartoonish GIFs like yung binili ko na Will Smith worth $100 ata haha). Just my two sats lang guys.
Very very true! Parang nalipasan na yung part style if we are talking about the trend sa NFT space. 2d art style is isa sa mga nauso before at naging trend at ngayon feeling ko din na it's not worth collecting even co-founder pa si pacman. Andami na din projects na connected ki pacman at karamihan dun is nag flop, Witness tayo dito kasi madami dami na din threads about pacman connected projects. Most of the projects naman siguro is for the name lang of pacman at it shows na hindi na ito effective after multiple attempts.

Agree, Isa si Luis Buenaventura II sa mga nauna dito sa pinas na nag venture into NFT's and quality din yung gawa niya depende sa taste mo in art. Maybe there will be a trend na under rated artist products yung magkakavalue ng malaki hindi lang yung projects na may sinasabi na connected sila sa big project before.
2174  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: August 10, 2022, 07:31:41 PM
After watching the rematch of Donaire vs Naoya Inoue, you can see that Donaire no longer has his main advantage - speed and simply does not have time to react to enemy attacks, age still affects him, and by moving to a heavier weight category, he also risks his health

I wasn't expecting that from Donaire because he was aggressive during his younger days fights. I think his age really affected his performance and stamina. Maybe that's the reason why he wants to rest for a while. We can't deny that Inoue has fast hands and strategic punches, he was a big challenge for Donaire.
Age is really a big factor in sports especially physical sports like boxing. Donaire is 39 years old and Inoue is 29, Age is somehow far. Donaire boxing peak or prime is now gone and I think that he can possibly retire now as a boxer. I agree that his battle with Inoue is a real challenge, Inoue is at his prime now and I that time I bet on inoue even though I'm a Filipino.
2175  Economy / Gambling discussion / Re: Rise of Streamers in Online Gambling on: August 10, 2022, 06:23:03 PM
I saw on the news that the xQc streamer made $686 million worth of bets in three months, but I can not find a reliable source to confirm this news. Have you heard anything about it? If this is true, then in my opinion this is a clear disrespect for his viewers, since it is obvious that all the money from this amount is fake - he clearly could not wage such a huge amount.
The best way to confirm any claims 'I won x amount of money in betting' is to get his tax and income report. If he indeed won $686 million worth of bets, it can be easily cross-checked. I don't know much about this xQc streamer but from a google search, he's a Canadian and they do not have to pay taxes on gambling winnings. This might be hard for you to verify his claim after all.
In that case, It's hard to verify about the winnings he declared. Though it's possible since he said that he has a gambling addiction according to the article I read. Gambling streams is now starting to get popular on twitch and there are some viewers who are telling twitch to stop gambling streams, as for the reason I don't know but maybe it's about the possible gambling influence that this streamers can do on his viewers especially on underaged viewers.
2176  Local / Altcoins (Pilipinas) / Re: Axie Infinity Philippine Thread on: August 09, 2022, 06:21:55 PM
https://www.youtube.com/watch?v=Kc5nVOacB7c
meron na pala mga community na gumagawa ng mga kanilang sariling games kagaya nito kinopya yung vampire survivors
Wow! Ngayon ko lang nakita to. Pinanood ko ang youtube video and it seems nasa alpha stage na sila at nagbibigay sila ng whitelist para malaro yung game sa alpha stage. Mukang interesting naman yung laro at entertaining nanan kaso parang mini game siya ng origin given na origin icons na yung skills mero yung muka ng axies is axie infinity padin. Sooner or later I'm expecting na mag kakaroon pa ng maraming gantong klaseng game sa sky mavis at pwede ito yung mag push para tumaas ang value ng SLP given na mag kakaroon ng burning mechanism in those games.

yup tingin ko talaga yung mga community games na mismo ang magliligtas sa Axie kaya kung madami ang mag dedevelop ng mga kanilang games magkakaroon ng demand ulit.
Nice, meron na palang gumagawa ng mga games. Mukhang tahimik lang at wala masyadong hype, mas maganda yung ganitong nangyayari. Simpleng updates lang at mga developers.
Sana nga ito na yung magiging dahilan na babalik ulit ang Axie, hindi man tulad ng dati pero at least maredeem niya sarili niya muli sa market kasi sobrang bagsak.
Soon pwede maging big thing yung mga simple updates ng devs at games na associated sa axie na gawa ng community. Imagine if nag buburn ng SLP ang future games ng sky mavis at mag poproduce lang ng another type of crypto as a reward dun sa future games. Mataas ang chance na umangat ulit ang SLP dahil sa more utility na ito at hindi nalang for breeding. Balita ko nga is mag kaka NFT runes na sa origin and isa sa crafting requirement ang SLP. May price changes na tayo na nararamdaman pero hindi pa ganun kahalata dahil siguro hindi pa implemented. Basta tuloy tuloy naman ang skymavis sa pag update ng project nila at ngayon may support na ng community.
2177  Economy / Trading Discussion / Re: Don't sit on your hands on: August 08, 2022, 11:34:20 PM
Many people are expecting Bitcoin to go down to 10k before they start investing, well not a bad idea but sometimes your expectations might not come true, just because bitcoin was 3700$ in match 2020 doesn't mean we might see 10k per Bitcoin, remember it was because of CoViD that's why BTC plummeted to 3700$, the best strategy is DCAing, 17500$ per BTC weeks ago was a good opportunity honestly, for the short time some said but might be the last for the long term too, instead of guessing and making predictions avoid sitting on your hands and do nothing.
In fact, it is very difficult to say what the Bitcoin market will be at any given time. At any moment the Bitcoin market can be dumping and at any moment the Bitcoin market can be pumping.Many are speculating that the Bitcoin market may be dumping further and may stay within the $10k range. But we have seen and know that Bitcoin only reached the maximum of 69 thousand dollars and then gradually more Dumping is 17k dollar range.This is such a big dumping in the middle I think this is the biggest kind of down that may never come again.At the moment, the Bitcoin market is now at 23 thousand dollars, but if you want to invest, you can invest in this market.Investing must wait for long time. But you can own a huge amount of money someday.
Bitcoin is a very volatile asset and it is expected to move up and down anytime. The massive dump of bitcoin has happened many times before and it is expected because of the market cycle we are anticipating for. There are many charts all over the internet speculating where will bitcoin go and some of them are from $10k range. It's actually possible but the best thing we can do right now is to apply DCA since the market now is very uncertain.
2178  Economy / Gambling / Re: What is a game you would like to see in an online crypto casino? on: August 08, 2022, 10:19:15 PM
I would be shocked if someone created or add Color game in a crypto casino. Color game is a Filipino game that is famous and could be seen on fiesta's and carnival. Color game widely known in the Philippines because of it's fun thrilling aspect which is droved by luck. I've seen someone digitalized the game and make an app for it but I still haven't seen any single casino that is offering the game. It's simply a dice game but If we play it in person or have an animation of the dice doing stumbles, It would be much fun!

A game which is popular in one specific country only has low chance to be implemented/added in crypto casino unless the base of the casino is in that specific country. A global casino will prefer to add popular games worldwide so it will attract players world wide. The same here in my country, there are some popular gambling games but I cant find it in crypto casinos. I would not expect those games to be available in crypto casinos but for sure it would be nice to see them in crypto casino.
Yeah I know, We could wish that a casino would see and take some of our recommendations here to add into their pool of games. I understand that it would be a waste of money and resources if a casino would adopt a game that wouldn't be popular with their current games this is why local gambling games would only be adopted by online casinos if they are targeting that country gambling market.

Though I think it would be an advantage on the casino if they only have this certain type of game that is currently famous even on a single country. All of the gamblers who want to play that game will only have a single choice which is you. Basically you have no competition in this type of game just like what bustabit did several years ago when they have no competition on crash game in the market. They did make the crash game famous and other casino copied it but still bustabit is still the go to of gamblers who want to play crash game.
2179  Bitcoin / Bitcoin Discussion / Re: I have started teaching Bitcoin to my Neighbors on: August 08, 2022, 09:59:08 PM
That's fine but I think the basics are on YouTube and in some books like The Bitcoin Standard, Mastering Bitcoin, if these books and resources are available in your local language it will be easy for them to learn if they have some time.

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.
If people will only see bitcoin as a get-rich-quick scheme, they will never come to understand bitcoin the right way. You should consider explain it to your neighbors OP as i believe their mothers have influenced them to approach you because they think bitcoin can get them rich quickly. And explain to them that bitcoin is only good to be used as a payment system as long as its not prohibited in your country. Otherwise, they should only consider bitcoin today as more of a long term investment.
True! but one technique I am using in getting people attention is giving them example of people who got rich with the help of crypto. This can trigger their curiosity and be more interested in you giving them lessons about cryptocurrency. Of course telling them that it is not a quick way to get rich but as you see you can take advantage of it as a way of making your students be attentive to you. I've done it and it is always effective on my part. I taught the right persons and they understand that they can loss money from being ignorant and not knowing what bitcoin and cryptocurrency really is.
2180  Bitcoin / Bitcoin Discussion / Re: What can we do against Blockchain fraudsters? on: August 08, 2022, 09:06:48 PM
I do think that fraudster won't be stop, even not in crypto. They are always be there as long as they have a chance to take advantage. I believe that no system is safe, and due to cryptocurrency having new systems and technology from time to time. It is expected that someone is doing something to exploit it and do a personal gain from the victims. The only thing we can do is to protect ourselves and know how to properly manage our own security to be safe from these fraudsters. It is well known that centralized systems are always the one getting hacked but there are cases that decentralized system are being hacked and attacked too. Just be knowledgeable about the things you are doing especially if it's involved with money.
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