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Author Topic: Is Bitcoin Safe?  (Read 224 times)
KingsDen
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September 13, 2021, 11:56:18 AM
 #21

Imo, I will be fine if the OP read such long articles online, summarize or discuss it here in your own understanding then add the link for additional reading if anyone would be interested. Copying the article verbatim may piss sum people.

Come to the question if Bitcoin investment is safe?
Please I want to ask if there is any known investment without an element of risk. If yes, link me up, when I have fund I will invest 100% of my fund in it.

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..BUY/ SELL CRYPTO..
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September 13, 2021, 01:00:34 PM
 #22

I've brought in an article that talks more about btc scam and how to avoid been a victim, is Bitcoin investment safe, factors to consider before buying btc, risks associated with btc, ICO's scam, crypto pump and dump schemes, keeping your crypto safe in wallets, Bitcoin security and privacy and lots more come along with this package.
ICOs are ICOs, they are not bitcoin. In most cases, you shouldn't invest in ICOs/IEOs or whatever new trends they came up with anyways. Pump & dump schemes also have nothing to do with bitcoin. With those schemes, the organizers get you to buy a worthless coin where they are the bag holders and you are buying from them filling their pockets. Use well-known, proven, open-source, and non-custodial wallets and you should be fine if you know how to secure them.

Bitcoin is safe. It's the people who make something good or bad. If someone scams you and steals your bitcoin, it's not the network's fault. It's you who didn't know better and fell victim to whatever tricks someone played on you. Anything can be good or bad. A gun can save your family's life in case someone tries to hurt them. But a gun can also be used to take someone else's family from them. You can use a car to drive your kids to school or use that same car to drive over kids on their way to school.

Jazzi Mahesh
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September 13, 2021, 06:19:23 PM
 #23

None of the tradings is going to be safe, you will lose money, but you need to learn about how to make more profits than the lossess.
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September 13, 2021, 08:26:27 PM
 #24

Lots of newbies to Cryptocurrency have been falling a victim of scam countless times, the highest crypto scam is in btc, I've brought in an article that talks more about btc scam and how to avoid been a victim, is Bitcoin investment safe, factors to consider before buying btc, risks associated with btc, ICO's scam, crypto pump and dump schemes, keeping your crypto safe in wallets, Bitcoin security and privacy and lots more come along with this package.
<snip>
The bitcoin blockchain has been perfectly running not like other crypto blockchain nowadays that are popping up as their blockchain has a lot of bugs they should work on.
The Bitcoin itself is not scam it is another type of currency in cryptography which is purely decentralized and anonymous. People just use it to scam people that are newe to it. Keep in mind that these fraudsters can also use other cryptocurrencies, not just bitcoin.

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September 13, 2021, 10:56:36 PM
 #25

Not only being greedy but also being knowledgeable enough will save you from scams.

But reiterating if investing in bitcoin is safe, yes it is if the comparison is with those scam projects that have passed us like the ICOs. Bitcoin is definitely a safe investment and talking about its risk is a different and next to the discussion.
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