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Author Topic: I'm afraid of losing money  (Read 5685 times)
segotiwul
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October 18, 2018, 11:56:32 AM
 #201

everyone must be afraid to lose money, but if we do not dare to take risks or fear failure then we will never feel the success.
kojoannan
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October 18, 2018, 11:59:11 AM
 #202

For ERC tokens I will recommend Myetherwallet for you to use to hold your coins or metamask. These wallet though are not hardwallet but it is convenient and cheap way of storing your tokens and coins if only you don't compromise your actions by letting another know the key or entering a phishing sit.

Joshapat
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October 18, 2018, 12:04:39 PM
 #203

If you are afraid of losing money then putting it in a safe place like a bank is better, cryptocurrencies are the future of the transaction system but very risky so we must be wise.


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iyke12
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October 18, 2018, 12:13:14 PM
 #204

If you are very scared, I advice you leave exchange wallets and even mew (myetherwallet) and use a wallet like imtoken.Then you have to be careful and avoid phishing  links that want to steal steal your assets . Be safe and you do not have to worry.
Georgiyk
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October 18, 2018, 12:13:59 PM
 #205

I use Ledger Wallet Nano S - a hardware wallet for cold storage of cryptocurrency. It ensures the security of electronic payments Bitcoin, Ethereum, Litecoin, ZCash, Dash, Ripple and other altcoins.


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October 18, 2018, 12:16:53 PM
 #206

The only way how can you be safe in crypto in these day is having a hardware wallet for example Ledger Nano or Trezor. Both of them support many coins, so you shouldnt have store your coins here Sad.

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October 18, 2018, 12:26:58 PM
 #207

To minimize loses  you need to invest wisely and be sure of coins you are throwing your money at! Also besides losing money via trading, you have to have a wallett which only you hold the private keys and don't leave your holdings in exchanges. If you can adhere to those simple steps, you would be safe! otherwise invest elsewhere

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Sir Legend
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October 18, 2018, 12:41:14 PM
 #208

myetherwallet is the best for me for the ERC20 tokens and for the bitcoin wallet I recommend coinbase. If you really want solid security for your cryptos you should use hardware wallets.


As long as we follow the security recommendations given by myetherewallet, the account will be safe, even though you recommend to divide the balance into several places so that when you get hacked we still have another.
white_star
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October 18, 2018, 12:42:52 PM
 #209

To minimize loses  you need to invest wisely and be sure of coins you are throwing your money at! Also besides losing money via trading, you have to have a wallett which only you hold the private keys and don't leave your holdings in exchanges. If you can adhere to those simple steps, you would be safe! otherwise invest elsewhere
We're here to earn profit not to lose money ,it's like a waste of time for us if ever there are loses of earnings because for that we insert effort and strategies. We all know that this investment is to risk so make sure to plan furthermore before we greedy for the following.

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Teraboy
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October 18, 2018, 12:46:35 PM
 #210

Hey, guys!

I become more and more nervous about my crypto safety.
I used different wallets for different coins before and now I want to choose one wallet for everything.
I have Bitcoin, Ethereum and Ripple.

The point is that even the biggest and as I thought the most reliable wallets have problems these days.
Money disappear somewhere, there's problems with access and withdrawals.

Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.
Basically all online wallets have the risk of being a scam, so many people suggest using some wallets to be safer, but if you want to
use only one wallet, then I recommend storing it in hardware wallet, no third party controls your assets, so that's will be safer..

Can you offer some hardware wallet? I don't know much about it.
I can tell you some hardware wallets which have a high security, the first should be the trezor wallet and the second is keepkey.
both wallets are very recommended wallet dude.
You can try to get more infor regarding what kind of coin that has already supported by both of wallets through their site dude.
andycarrol
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October 18, 2018, 12:49:08 PM
 #211

Hey, guys!

I become more and more nervous about my crypto safety.
I used different wallets for different coins before and now I want to choose one wallet for everything.
I have Bitcoin, Ethereum and Ripple.

The point is that even the biggest and as I thought the most reliable wallets have problems these days.
Money disappear somewhere, there's problems with access and withdrawals.

Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.

around 4 years I was at crypto and I never suffered a loss due to hackers or whatever it is, I always save in local exchanger using security 2FA, also use blockchain and MEW is very safe I also use it daily, or it could try to buy hardware wallets such as ledger or trezor and it was also safe.

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October 18, 2018, 12:50:29 PM
 #212

Coinbase
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adekogbe
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October 18, 2018, 01:49:19 PM
 #213

Hardware Walters are the safest way to store your cryptocurrencies.
Get 2 hardware wallets and back them up together and then store in a safe location. Also use stainless duct tags to keep your private keys instead of writing it on paper.
With this you cryptos should be safe.
Also to avoid been a victim phsing and transfer interception scams try to avoid public WiFi

Meletix
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October 18, 2018, 01:59:32 PM
 #214

I lost a lot of money when I buy cryptocurrency. Now I wait for market growth to return myself the lost money. I am afraid of it will not be.

Pelana vreo
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October 18, 2018, 02:03:41 PM
 #215

All your friends here suggest that you use a cold wallet, this is a good choice for long-term investments and secure every payment transaction you make, cold wallet is very safe because you can use it safely, the important thing is to sympathize your cold wallet well and don't lose it.

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candy69
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October 18, 2018, 02:04:57 PM
 #216

You have to understand that you are not the only person that is using crypto, there are hundreds of thousands of people have also, so if they are not so worried then why you should be. There are many good wallets, for bitcoin you can use Blockchain.info and for ethereum and other ERC20 tokens you can use myetherwallet, which is quite safe too.
Tilim@Tilim
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October 18, 2018, 02:09:56 PM
 #217

I think it's best to keep the coins in different wallets. You cannot log in to the wallet without the Matamask. It's dangerous.

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October 18, 2018, 02:32:32 PM
 #218

Everyone is afraid. But no risk no fun  Grin Keep calm and hodl your coins until the better times. Even if you portfolio decreased by 5 times, do not sell anything or your will fix your loses. Hodling is the only policy. We will be rewarded for our patience one day.

this is exactly right, loosing sometimes and failures are the best to take another good steps forward. btw, so many decent wallets that supported with all your holdings. and i think you should try hardwallet to more secured.
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October 18, 2018, 02:48:35 PM
 #219

Hey, guys!

I become more and more nervous about my crypto safety.
I used different wallets for different coins before and now I want to choose one wallet for everything.
I have Bitcoin, Ethereum and Ripple.

The point is that even the biggest and as I thought the most reliable wallets have problems these days.
Money disappear somewhere, there's problems with access and withdrawals.

Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.

I think you should get a hardware wallet if you're afraid of being hacked. Hardware wallet at times increase your protection, the more it is very easy to use. Why don't you keep the coins in separate wallets?
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October 18, 2018, 02:50:17 PM
 #220

I lost a lot of money when I buy cryptocurrency. Now I wait for market growth to return myself the lost money. I am afraid of it will not be.

losing money is our risk in investing. because the investment is not entirely in our favor, of course there are times when the investment is losing. so investment is sometimes profitable and sometimes loss, whereas if we lose it is certainly our risk.

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