Is the fear of crypto-currencies legit?

[11:11pas]

Yes, it is only natural that you experience such fears, early on - initially it is natural that you are afraid of losing your money, but if you have fully explored slowly the fear will disappear by itself

[1714772587]

1714772587

[1714772587]

1714772587

[1714772587]

1714772587

[batang_bitcoin]

This is the choice of each and every person who starts investing into a cryptocurrency understands the risks associated with the fact that he can simply lose all his money

Let's assume that they understand the risk but those people that do really understand the risk of volatility is few.

And most of them are scared because of their experience of investing online through scams and they are misunderstanding that crypto's are like that. Though there really are scams out there but investing to legit coins like bitcoin, they don't think of it as legit because their mindsets are close.

[antsam]

In every type of investment and all fields there is only fraud. Back to us in learning from the ICO project that we want to follow to invest in it to avoid fraud. So I don't think I need to worry as long as I study well

[Adreman23]

Scammers are rampant not only here in crypto world but scattered all over the world of investing. But if we still want to grow our money in crypto investment first we need to study well the project, to prevent the scammers. And invest what you can afford to lose. Don't put eggs in one basket. Always diversify your portfolio.

[peteycamey]

its legit from the governments perspective. decentralized idea will destroy the centralized systems (governments)

[Strotman]

Fear when investing in cryptocurrencies should be present in every depositor, it will stimulate more responsibly and with greater security applies to information about their deposits.

[bagikoin]

all they have to do is do a lot of research and studying crypto. It would be a good thing to be able to make them able to master the conditions of crypto and not fear deception that there are indeed many. the scammers often Curry vied for people who don't have knowledge of crypto by pulling them on large rewards, and this much is already bringing a victimization.

[Maricurijohn]

Electronic money is awe-inspiring. Now there are so many people who fear that they have invested in them, yet they can not withdraw because the market is constantly falling, and now they are falling sharply. , which is a concern for investors.

[JealousCup]

Yes they should be, because there are too much fraud ICOs on the crypto currencies market at the moment and people are getting scammed on a regular basis. We need to be more selective with projects and too look if they are legit or not, before investing our funds in this ICO.

While I agree with the part where you say that we must be more selective with the projects we want to invest in but the question is... How to determine whether or not an ICO is legit? Because, otherwise we might shut down potentially interesting projects.

[JealousCup]

all they have to do is do a lot of research and studying crypto. It would be a good thing to be able to make them able to master the conditions of crypto and not fear deception that there are indeed many. the scammers often Curry vied for people who don't have knowledge of crypto by pulling them on large rewards, and this much is already bringing a victimization.

Okay... but do you think that the application of such rules will really shut down the fraud system that are leaving people uncertain on whether or not they should invest in a particular digital currency?
In the fiduciary currency system, we have lots of rules but we still get scammed one way or another. If crypto currencies are to be the money of the future, then they must be an upgrade from what we currently have.

[Kurokonobasuke]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Indeed true. Many investors have chosen to have a break from investing to cryptos due to their doubts and also for having no profit at all due to the negative market behavior. But knowing the potential of cryptos, they should not be afraid but rather be patient with the market situation. Cryptos have gone through many ups and downs before so this one should not be thst much surprising.

[adzino]

What kind of scam are you talking about? It is quite normal to be scared of getting scammed, but if you take necessary steps and precautions, chances of you being scammed is extremely small. You just got to be careful and instead of jumping to any kind of fishy offers, you have to make sure that those offers are legit. If you fall for those dumb scams, then that means you actually deserved to be scammed.

[kotajikikox]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

At this moment the current situation of cryptocurrency not possible to increase people back out to investing in crypto specially people have not brave heart.

But don't scary if you really knows and understands more on cryptocurrency there's no need to worry, and fo sure the people losing hope in currency challenge will go back again to invest if the value are goes into moon.

[JealousCup]

What kind of scam are you talking about? It is quite normal to be scared of getting scammed, but if you take necessary steps and precautions, chances of you being scammed is extremely small. You just got to be careful and instead of jumping to any kind of fishy offers, you have to make sure that those offers are legit. If you fall for those dumb scams, then that means you actually deserved to be scammed.

I read somewhere on this website that there are malicious wallet apps that Google won't get rid of in its playstore. You'd think that it's legit when in fact it's not while great projects are being discarded as scams. You really think that it's easy to tell the difference?

[Mabinat]

Of course, the risk of being deceived is always and especially in cryptocurrency. you can make very good money on it and therefore such big risks

[transformt]

probably you don’t need to be afraid because in the end all the same we will earn very well on this

[JealousCup]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

Indeed true. Many investors have chosen to have a break from investing to cryptos due to their doubts and also for having no profit at all due to the negative market behavior. But knowing the potential of cryptos, they should not be afraid but rather be patient with the market situation. Cryptos have gone through many ups and downs before so this one should not be thst much surprising.

Well... then, do you think that cryptos will not last long?

[JealousCup]

probably you don’t need to be afraid because in the end all the same we will earn very well on this

"We'll earn very well on this " you say, when the cryptos value dropped by over 10% yesterday?
I think they're still too volatile for people wanting to a secure return on their investment. Optimism is what characterized the Great Moderation that preceded the Subprimes crisis, if you ask me.

[ricatop]

cryptocurrency is very unstable so it’s normal that people are afraid of investing their money in it and thereby losing

[Virtual-Money]

People are increasingly getting scared to invest in Bitcoin and other virtual currencies out of fear of getting scammed. Should they be?

fud is always part in the crypto world, if theres no fud no one should be interested to buy back again