Advice on how best to protect your capital

[AjithBtc]

In no time your funds will be in the wallet of someone else if there is no perfect learning about cryptocurrency. Most of the users with the plan of profiting have been earning through the process of trading with the leading cryptocurrencies. Same time capital fund loss happens mostly when investing into scam projects without making any analysis.

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[RealMalatesta]

But the thing is newbies tends to look for coins, specially in the alt coin market that could bring more money with just a small capital and hit a jackpot, which is not possible because investors are getting smarter and while noobs are getting dumber. And so they continue this practice until one day they realised that it is not a smart move after all.

It is still possible in my opinion.  Manipulation is always around so if it happen that a person timed his investment to a certain altcoin and pump commence, then he surely will get a huge profit from it.  But to safeguard your capital it is always best to invest on a cryptocurrency that had been around for a while and have a huge community.  Possibly those who are on the top 50 of coinmarketcap.

There used to be lots of pump and dump coin when altcoins was still very popular, and you could create one little hype and you see many people investing out of fomo, but now, it is difficult to get people to invest in altcoins, not to talk of pumping it for you to be lucky to make so much with little investment.

There are investors now that it is either they participate in IEO or just go for some of these top altcoins in the market because these are still the coins that have real use case and can make your investment really valid when you make it a long term investment. Some of the coins that you are referring to can only be found in IEO platform for now since scammers are yet to penetrate it and Binance has already created the hype that it would use to attract people.

[Oceat]

In no time your funds will be in the wallet of someone else if there is no perfect learning about cryptocurrency. Most of the users with the plan of profiting have been earning through the process of trading with the leading cryptocurrencies. Same time capital fund loss happens mostly when investing into scam projects without making any analysis.

Newbies will always fall on this if they don't have a single idea what was the project is all about. It might take too long for them to understand it but once they fall for the trap it's too late for them to realize that they were in the wrong path. It is better to enter the market with a little bit of knowledge on how things would be running or have someone with full knowledge about cryptocurrency with you.

[raidarksword]

Just invest what you can afford to lose, that's it. We never know what's gonna happened to a project even if developers and ceo are active some projects ended up being scam after all because people are greedy when it comes to money, that's the reality world we are living in. So, it's best to research before engaging into crypto investments.

[nightxglow]

Yes i agree and it's a very good advice. But now, we're talking about newbie, which means they don't really have much knowledge about them. If you expect them to look deeply into the ico or something, it might be hard since they're not really familiar with it, and don't know what is good and what is not. It might be better if the newbie want to learn and find more, but most only want easy money. And i think following those expert is not always bad. Since they might know better, and they will think thoroughly before recommending anything because it might affect them as well if something happened. But overall what you said is true and it might be a useful suggestion for people.

[darklus123]

My advice would be to just ignore that whole space entirely.  I've never invested in an ICO and never will.

Definitely having the same thoughts here. ICO's mostly are scam projects and even if they are doing something good by now they will surely die later on, so in the first place what's the point of being skeptical if you can actually "Skip" from it's destruction.

This will similarly applies to "Cloud Mining", "HYIP" and any other obvious "Scam" scheme projects. The key to protecting your assets is by putting it in the right place, considering the fact that even the most legit ways of earning a profit does not guarantee a 100% how much more if the said assets are being put into those "Scam" category. scheme.

[jrrsparkles]

Just invest what you can afford to lose, that's it. We never know what's gonna happened to a project even if developers and ceo are active some projects ended up being scam after all because people are greedy when it comes to money, that's the reality world we are living in. So, it's best to research before engaging into crypto investments.

This is to save ourselves after we lose the capital but I think this topic is about how to minimize the capital loss while investment and what are the fields needs to be skipped while making investments.

[dengpei]

I think most people are losing their hard-earned money chasing  “the next Bitcoin”, by focusing on ICOs. The time for ICOs has unfortunately ended and even the now highly touted IEOs will not cut it. What is needed now are tools that investors can use to consolidate and track the performance and value of a selection of underlying top cryptocurrencies according to reputable tracking websites like coinmarketcap. I would rather invest in an index that contains the top to coins on coinmarketcap that risking on some shitty ICO.

[Naida_BR]

This is the best advice for newbies. So view every prospect as a scam, until proven otherwise.
There are a lot of fraudalent attempts in the cryptospace.
I still remember the time when I was once getting scammed. Even if I had my doubts and I knew that this is going to end badly, the hype of other people who FOMO the scam project made me jump into it.

My advice is to follow your own feeling and thinking before investing. Don't trust others just yourself...

[travwill]

You said the very right things. Many, especially new ones, when they arrive in the cryptocurrency world and see a sea of opportunities in it, cease to critically think about what all types of scammers successfully use.
Always consider that they want to deceive you, until proven otherwise. If you are offered something, even if you did not ask for it, then something is wrong here.
Always dig deeper, always a little deeper than you already dug.

[Yamifoud]

It is our responsibility to take control of our funds and have it protected for any loses that might come.
In a particular reason why we fail to protect our fund is that we never know what we exactly are doing. Scam and fraudulent scheme attractions seem to be more visible nowadays, letting these people come on you will surely be a reason that will cost you in the end.

[Lanatsa]

It is our responsibility to take control of our funds and have it protected for any loses that might come.
In a particular reason why we fail to protect our fund is that we never know what we exactly are doing. Scam and fraudulent scheme attractions seem to be more visible nowadays, letting these people come on you will surely be a reason that will cost you in the end.

Loss of money do have 2 possible causes or reasons either you have been scammed or you do make actions like being greedy into your investment which causes for a wrong decision that had made.

Protecting capital is limiting losses and minimal as possible.Its inevitable thing but due to experience and knowledge these risk can really be suppressed.

[justdimin]

I still think putting your money into binance is not as risky as people make it out to be, if you take your security measures you are fine with a place like binance, they can get hacked and with the amount of cold wallets they have the hot wallet is actually only a small percent of money they have so even getting hacked and getting all of their hot wallet stolen wouldn't affect them at all (which happened and didn't affect).

Hence, I think if you do not have any api that you open and if you do not give permission to any other place and if you do not click on phishing websites for binance then all you have to do is log in and use it. So, it is a website that you can trade and can reach out whenever you want that is actually quite safe if you know how to use it.

[SvonioneFromMangoCoinz]

In addition to the calculations and analysis, we need a better understanding of the history of fraudulent and successful ICO types.
Reading will help us gain more experience and help us gain good knowledge to avoid fraudulent projects.
Financial management is quite important in the 4.0 era. we should read it more.

[TheCoinGrabber]

Personally I'd stay away from ICOs but if you really want to get involved then do the appropriate research and consider the money gone so you don't feel bad should things don't pan out well. Monitor the project closely so you don't end up a bagholder.

As for HYIPs, they're guaranteed to run away with your money. I suppose some people still need to get burned at least once to learn that lesson.

[South Park]

I think most people are losing their hard-earned money chasing  “the next Bitcoin”, by focusing on ICOs. The time for ICOs has unfortunately ended and even the now highly touted IEOs will not cut it. What is needed now are tools that investors can use to consolidate and track the performance and value of a selection of underlying top cryptocurrencies according to reputable tracking websites like coinmarketcap. I would rather invest in an index that contains the top to coins on coinmarketcap that risking on some shitty ICO.

The idea of trying to invest early in the next bitcoin was quite popular during the recent years but the truth is that any upgrade that a coin could make over the code of bitcoin is something that could be added to bitcoin at a later time, so most coins even those that show potential and have decent and hard working developers will eventually disappear as the characteristics that makes them unique eventually appear in bitcoin and those coins become obsolete.

[sana54210]

Personally I'd stay away from ICOs but if you really want to get involved then do the appropriate research and consider the money gone so you don't feel bad should things don't pan out well. Monitor the project closely so you don't end up a bagholder.

As for HYIPs, they're guaranteed to run away with your money. I suppose some people still need to get burned at least once to learn that lesson.

If everyone stay away from ICO, there is really lots of things that would suffer for it, and I have to be selfish a little here, there will be no campaigns again, no airdrop and no signature campaigns, so everything will just be empty like it never exist, although we have scam projects a lot in the market, but we cannot endeavor to stay away because it would really make cryptocurrency market a bit boring.

The best we can just do is what you have said, we should make some research and ensure that the project that we are investing in has real working product, and that the product has a working team that will continue to ensure the growth of the project and be creating awareness constantly for new investors to come in.

[iv4n]

Personally I'd stay away from ICOs but if you really want to get involved then do the appropriate research and consider the money gone so you don't feel bad should things don't pan out well. Monitor the project closely so you don't end up a bagholder.

As for HYIPs, they're guaranteed to run away with your money. I suppose some people still need to get burned at least once to learn that lesson.

If everyone stay away from ICO, there is really lots of things that would suffer for it, and I have to be selfish a little here, there will be no campaigns again, no airdrop and no signature campaigns, so everything will just be empty like it never exist, although we have scam projects a lot in the market, but we cannot endeavor to stay away because it would really make cryptocurrency market a bit boring.

The best we can just do is what you have said, we should make some research and ensure that the project that we are investing in has real working product, and that the product has a working team that will continue to ensure the growth of the project and be creating awareness constantly for new investors to come in.

Many people got scammed by fake ICO`s, what is not a strange in my opinion, we know that many people don`t do any kind of research before they invest their money in new projects. I agree with you that people should be disappointed with ICO`s, they just need to do a better research about project before they invest money in them, or they wish to participate in their bounties.
We have so many stupid examples where people invested in ICO`s where team members having cartoon images, people invested in ICO`s that promise too much in return. Let`s be real, there are many fake and scam ICO`s, but also there are some very good and successful ones too.

[timotron]

Nice advise indeed!!!   -- "All Scams until proven otherwise" --
And even proven be skeptical, they can do a very good job on faking all info like events, team, followers, likes, partners...anything can be faked!

How to prove ta project in not Scam?
and, if they are not Scam, have they any imperialistic ways of handling?
See Binance, looks like legit, but behind the scenes they are doing do much Scam...

So, be triple skeptical!

Good crypting!

[ethereumhunter]

How to prove ta project in not Scam?

That is difficult to prove the project will be a scam or not, and there are no exact indicators to determine a scam. But it will prove in the middle of their journey, and they will get a slowly moves in the project, they will hard to survive in the market and in the end, they will scam their investor and their participants. Many projects are hard to get listed on the exchange, and usually, after the project has finished the first phase of the token sale, they will delay giving the reward to the participants.