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Author Topic: The reasons for the spread of currency deposits  (Read 270 times)
diahsw
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July 27, 2019, 07:20:40 AM
 #21

All of us note that the market of the Crypto has become a breeding ground for fraud and fraud and is very disturbing
But what are the reasons for this?
For several reasons, I will explain some of them.

First: the entry of large numbers of people to the market without any knowledge or experience in it
Where people are entering the market of the Crypto and they think they will put $ 10 and will get in a month on $ 1000 of them, meaning colloquial thinkers Almsari exist tree
Halshi happened a lot at a time of great height for the young as the sites spread monument and investment false for the developers.

Second: dealing with unreliable people  Many people lost their money as a result of dealing with selling or buying with unreliable people without using a broker.

Third: Investing in unsecured currency projects
Many currency projects have begun to spread, unfortunately, in a large number of people, with covetousness and buying from the ICO stage
Because they are convinced of the currency team's words without being sure of their credibility.


The price of Bitcoin is known to be volatile. In recent years, we have seen large movements (both up and down) in the span of a few days, hours and even minutes. The Bitcoin market is still small, so this number is a reasonable entry number, and not too different from gold and other major currencies. Price changes are normal in any market. Equally interesting, the compilation of Bitcoin prices is increasing, people will increase FOMO: fear of being left behind (afraid to miss). They are afraid to miss opportunities to get rich and they hope prices will continue to increase, so they start buying Bitcoin, increasing demand and prices. This increases the natural fluctuation of Bitcoin.

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Kakmakr
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July 27, 2019, 09:50:48 AM
 #22

The main problem is that people are not used to a financial tool that gives them 100% financial freedom. One of the major advantages of using Bitcoin as a financial instrument is that you do not have to use a Broker to handle your finances, they just take a large portion of your profits and a lot of them are running off with people's money or they invest it in something where they can gain something.  Roll Eyes 

So, now you are left with a bunch of lazy people who does not do proper research and who are blinded by greed. A perfect recipe for scammers to enter as third parties to scam people out of their money.  Tongue

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