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yndye
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November 18, 2018, 02:44:03 AM |
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Your Professor's hate for crypto is a classic example of hating what you don't understand. As a person with such wealth of knowledge, one would expect that he researches crypto just as he would his academic work. Yes, there's the probability of getting scammed, not just trading Bitcoin, but every other online business out there. But with the right safety measures put in place, you might as well be in this space for years and never get scammed.
Those who were scammed are either newbies in the crypto world or just being reckless about knowing if the transaction they are doing is legit or not. There are even people who would take the risk of being scammed because the amount of money that they can get from that transaction is quite big so even if there is a high probability of losing money, they would just go with the flow and then if scammed, they would just rant and then regret that they get involved in the first place. If you don't want to be scammed then do due diligence first and spend your time first in checking the site and here in the forum as well as to what is the feedback of the people about the site. As much as possible, use the sites that most of the people are using and has good reputation but always check the URL because a lot of them are phishing sites. |
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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posi
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November 18, 2018, 03:23:36 PM |
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Well, to avoid the act of been scammed in crypto currency is easy if ones is knowledge seeker (by asking questions about a project or something which ones dont know much about it before dving in), not the greedy type (because I noticed must people been scammed are those that are after making much money in short time span), always do you own research either, tell no one close to you the exact amount youre holding and dont invest more than you can afford to loose.
With all that was stated above I'm ones can not get scammed in every aspect of crypto currency.
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ongkok87
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November 18, 2018, 03:55:19 PM |
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The first one is looking for the legit and reputable trading site, the most important thing to avoid being scammed is source of information, knowledge and experience, when you want to do one thing either it's buying, trading or any other action make sure that you already do your research
it must be because with us looking for a place to trade better look for an official market because it will not experience fraud, so don't forget to add insight into the crypto world like trading and investing so that your career can run well and can avoid fraud too |
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posi
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November 18, 2018, 08:12:38 PM |
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Yes, companies usually give their workers some gift for the end of the year but I dont see that as major thing that will trigger the bull run market and if the bull run market eventually occur it does not mean that all the coins listed on the capital will experience it because the crypto market have changed alot after the market correction occurred.
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sheenshane
Legendary
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Activity: 2394
Merit: 1215
Cashback 15%
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November 18, 2018, 08:51:16 PM |
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People usually got scammed when they store funds in a closed source software or system. This made users have no control of their funds, closed source software like exchanges are prone to scam and risk of losing. Its always good to consider not to store funds on close source storage or Atleast transfer it immediately to you own hardware or opensource wallet. Electrum or Hodler wallet will do to secyre your funds.
Even when you store at web wallet you can trust them as long as you can keep safe your private key no can steal your bitcoin in your wallet. People get scammed if they are a noob in holding their private key and those greedy people who linked those given link that probably scam. But when it comes Bitcoin itself Nah, that is not scamming only the holder or user who's getting responsible to keep their private key. Or one thing gets scam if they invested fraud project on those mining investment. |
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Diced90
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November 18, 2018, 09:25:03 PM |
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I think the most important thing to do in order to avoid getting scammed is check the liability of the source(s) you're using to make trading decisions and certainly don't play it by the ear - its all about strategy.
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BITSPANISH
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November 18, 2018, 09:44:23 PM |
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If you wanna avoid getting scammed while trading BTC so you only should trade on legit exchanges like Binance or Bittrex only and never holding your BTC on exchange wallet for too long. Beside don't forget to set up 2FA for your exchange account and your wallet as well. If your BTC isn't lost because of being stolen so it's not problem about scammer but it's problem about your trading skills  |
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JealousCup (OP)
Newbie
Offline
Activity: 28
Merit: 1
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November 19, 2018, 10:48:20 PM |
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My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
As know and i am also a trader in my experience there nothing scamm in trading i am not sure if they have scammers in trading because trading is buy and sell altcoins. To avoid this scenario do not use unreputable exchange, there so many trusted exchange have an give high security to the users investment. What about the startups emitting new crypto-currencies? Does that mean that we cannot use them? I mean, I intend on participating in a crowdfunding for a new digital currency by a new company which is just starting to build its reputation. To tell the truth, I think that trying to avoid scams can be a double-edge sword for people wanting to invest in virtual currencies... |
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JealousCup (OP)
Newbie
Offline
Activity: 28
Merit: 1
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November 19, 2018, 11:00:11 PM |
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If you wanna avoid getting scammed while trading BTC so you only should trade on legit exchanges like Binance or Bittrex only and never holding your BTC on exchange wallet for too long. Beside don't forget to set up 2FA for your exchange account and your wallet as well. If your BTC isn't lost because of being stolen so it's not problem about scammer but it's problem about your trading skills I am pretty sure that we'll need a crypto-currencies' user guide in the future... |
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Renaldi blackspadeteam
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November 20, 2018, 01:21:38 AM |
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of course choosing the safe and legit crypto market, you can choose it at coinmarketcap.com My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge |
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JealousCup (OP)
Newbie
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Activity: 28
Merit: 1
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November 20, 2018, 01:45:39 AM |
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of course choosing the safe and legit crypto market, you can choose it at coinmarketcap.com
professors may not have experience about crypto, and labeling all crypto is fraud, this is a shameful act that I heard, I suggest to investigate before giving a stamp without sufficient knowledge
It's fine, I am already interested in Virie, but for a moment I was unsure because of how my professor was telling us that virtual currencies will disappear in two years. Well, this is not what I am seeing, cryptos are now being accepted at an awful lot of places. |
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WilliamCrum
Newbie
Offline
Activity: 33
Merit: 0
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November 22, 2018, 07:08:54 AM |
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My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
If you really don't want to be scammed by other people in crypto then you should try to learn the basics about it. It is all about common sense and the scammer are pretty obvious here. And especially, don't chase money. Scammers are everywhere at any time. You can’t hide yourself from them. And right now they are so easily getting contacts of people. So yes, keep implementing best practices for safety. |
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SixOfFive
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November 22, 2018, 12:52:36 PM |
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• Read the whitepaper carefully and properly before investing your money. Make sure all the important details are mentioned in the whitepaper.
• Don’t get befooled by the unrealistic high goals. Those are mainly scams.
• Read about the team working behind the ICOs, about their skills, expertise, qualification, expertise, etc.
• You can also see whether the coin has a strong community or not.
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ice18
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November 22, 2018, 01:20:00 PM |
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• Read the whitepaper carefully and properly before investing your money. Make sure all the important details are mentioned in the whitepaper.
• Don’t get befooled by the unrealistic high goals. Those are mainly scams.
• Read about the team working behind the ICOs, about their skills, expertise, qualification, expertise, etc.
• You can also see whether the coin has a strong community or not.
His asking about trading not ICO or bitcoin investment its different btw If you want to avoid scammed by trading bitcoin you may use sites that are proven tested and legit like the most popular trading platform today the binance.com you can search reviews on google about this site and asking in some crypto groups, like social media groups and asking about the site that you want to use for trading, dont ever trade in a peer to peer transaction with no escrow its very risky. |
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tahozor
Newbie
Offline
Activity: 19
Merit: 1
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November 22, 2018, 07:09:02 PM |
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Given the fact that it is easy to buy bitcoins and get rich on their possession, it is not surprising that many scammers find ways to declare a hunt for other people's money
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Reid
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November 22, 2018, 07:44:34 PM |
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Traditional people tend to stay traditional and that is the fiat system.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
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JealousCup (OP)
Newbie
Offline
Activity: 28
Merit: 1
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November 22, 2018, 09:30:57 PM |
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Traditional people tend to stay traditional and that is the fiat system.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
Legitimate ones, you say? How to tell if a cyber coin is legit? I read somewhere that Bitcoin is being investigated for price manipulation... Granted that the main cryptos are popular, thus are considered to be safer, but does that make them more legit than less popular alt-coins? |
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maks-ivanov89
Jr. Member
Offline
Activity: 72
Merit: 1
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November 22, 2018, 09:37:50 PM |
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The future belongs to cryptocurrency. Safety is due to your risks. Trade on the BitSeven platform and you can be confident in the future
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Finestream
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November 22, 2018, 10:33:15 PM |
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Traditional people tend to stay traditional and that is the fiat system.
Let it go and dont stress it out.
Staying here made me careful. You will see different kind of scams and also different ways for them to scam you.
All you have to do is go to the legitimate ones. Do not believe freebies, do not believe low cost fees. Just buy that bitcoin with the normal kind of transaction.
Perhaps, reading more will enlighten you. Do not rush it.
Right.Do not rush into some of your actions that do not have any assurance.If you want not to be scammed,then always make a research first on the exhanger you want to transact with.Always see to it if it's legit or not.Better if you have some referrals from your close friends.Bitcoin has still a great value so scammers will always find ways to make it possible. |
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nydiacaskey01
Legendary
Offline
Activity: 1834
Merit: 1036
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November 22, 2018, 10:48:59 PM |
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Those who claims they we're scammed in trading Bitcoins are the ones who did't trade at all. What they did is give their money to someone who claims that they can multiply their money through trading but sh*t happens the guy who promised to multiply the money runs away and never came back. Heard of this story a lot of times. Scammer starts by posting his his earnings and show how good they are in trading until a newbie who wants to trade but lazy to learn the basics tried to invest to the scammer.
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