The harsh and evil deeds of scammers has been rampaging the cryptocurrency atmosphere creating unbelievable and sad tales to victims. Just Last week, a friend of mine lost a wallet containing over $5k worth of tokens to the cold hands of scammers. He has been devastated the last few days. This is just one of the several cases out there. My advice is, try to be careful with the kinds of websites you put your wallet details into, double check if you are truly accessing the genuine site of your host wallet client. Try to move your valuable coins to a separate wallet and lock the wallet away. Only access it when need be. If you are trading on any DEX website, create a different wallet for such and only use that wallet for that particular purposes. Scammers could target anyone but we must try to limit our vulnerability.
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There is still a lot of uncertainty in the crypto market at the moment, Ethereum could still go down further but one thing is certain, it will surely rise with time, When It will do that is the problem. Ethereum has a lot of use cases and already experiencing mass adoption, its just only a matter of time before we see a bullish run of ether. Invest wisely!
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Airdrops are worth it but unfortunately, lately, the space is saturated with fakes and scams looking to rip into people's wallets and making away with all valuable assets. Not only that, airdrops are a number one source of data theft and fraud. They also present an easy way of malwares and spy wares looking to do the damage in the long run. My advice is; only seek airdrops from genuine sources and from the projects themselves.
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I believe only projects with tokens that are tied to real life usage have the potentials to withstand the challenges in the near future. For example tokens that can be used to influence the value of real life applications. Say a token that can be used for payments for a particular utility or tokens that require usage to promote a service. Every other token will be faced out. That's just my opinion
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Though I don't know much about signature campaigns but I believe just like every other campaign or investment opportunity, it will be best to make some research about the project, the team and the product. If you think it is worth it, then why not. Also, on another note, I think to maximise your earnings from a signature campaign, you need to target a campaign that has fewer participants by so doing, you will be allocated a fair share.
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This was always the target but unfortunately, eth hasnt grown as much as most of the forecast anticipated. It has been marred by several negatives mostly its common use for fraudulent purposes from most Project developers. Most scams associated with Blockchain Technology have emanated from Ethereum. I believe due to the fact that it is too easy to code on the Ethereum blockchain and security on ethereum is porous when compared to btc. I think it will take a very long time for Ethereum to get to the status of btc.
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My advice is, just don't hit at any bounty for the love of it, take your time to make some research, try to explore the potentials of the project, the team, the product and the Solution they intend to provide with their project. Finally, it is always the right call to ensure such a project has raise some decent funds either from their pre sale or private sale or if they have at least reached their soft caps. You can rarely go wrong with those kinds of bounties.
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Like the popular phrase will always say, Invest only that which you can afford to lose. Every investment have the possibility of becoming scams and this possibility is huge and as such one should try by all means to limit the risks involved. Only put money you can afford to lose.
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The proliferation of several altcoins is alarming. Most of them are shams and have nothing to offer, less that 25% of the total available altcoins you see today will be here with us in the next 3 to 5 years. It will be great to see a form of regulation introduced into the crypto space, I believe it will curb the stem of the scams we see nowadays.
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Being that they are several fake projects out there, I look at the team involved, the product they are offering and finally I consider the total supply of the project and the ICO price before engaging in their bounty. That has worked out well so far.
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Is as much as MEW is safe to use, you must always endeavour to access the original MEW website by ensuring you are visiting the genuine site. The recent phishing scams have mostly targeted MEW being that it can easily be cloned for wrong intentions. I will strongly advice you use a wallet such as trust wallet, imtoken and Eidoo for your transactions. That is just my advice.
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Sorry for the incident. It could happen to anyone however, I have never been a fan of MEW. Once I discovered it flaws, I moved my assets out and have never looked back. Wallets such as enjin, trust wallet, eidoo and Imtoken are better wallets in my humble opinion. You should consider some of those.
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The best reason I can get off my head will be the fact that most bounty hunters take hunting as a full time business and a source of livelihood and will sell in order to convert rewards to fiat for usage. Of course no one will hold unto coins when they are hungry and believe those coins will fetch them money. Lol
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Ethereum looks the most certain to bounce back up when the blood in the market evaporates. My advice will be to watch it closely and stock it up at every dip. Once the market changes, you will be super glad you did.
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Of course yet but be sure to have your private keys and wallet security backed up safely. It could be written down and locked away. Your assets will be safe for as long as the wallet exist.
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