Precautions For Safety This Yelutide Season

[Russlenat]

Don't ride with the FOMO, otherwise you'll end up losing your capital if you don't know what you are doing. Focus on bitcoin, but always invest in caution. Never invest all in just because the market is very bullish, remember we don't hold what will be the next price for bitcoin so always invest on the amount you are comfortable of losing. Altcoins can be profitable as well, but always chose the right coins to invest so you won't end up wasting your capital on the wrong coins.

Christmas is becoming more imminent so we should be more wise enough to deal whatever hypes or fomos in the market. Don't fall fomoing with the wrong coins, but always stick with bitcoin no matter what.

[odunybiz]

Seasons greetings and merry Christmas in advance. Whenever there is festivee season, many people do not take cautioness, which eventauly maade them to make drastic decisions. Lots of merriment, euphoria and alcohoic influence during this season has cost so many persons a lot. It is good we take precaution and avoid anything that would jeopardize our investment. It is good you have highlighted the importance of maintaining safety in investment especially durung this seasons

In most cases, the urge of one eager to make more money in preparation the the festive season can make one to lose more money. Imagine someone with a plan of buying one or two things before the new year but not with enough fund. Out of uncautiousness, he/she may place some unnecessary trade believing he can make more money through it. This may make such person lose more money.

[TimeTeller]

I think it's not just the festive period alone, we're at the time when scammers flood the space with many fake projects. As the market is getting bullish, there's going to be more newcomers trooping into the crypto space and scammers use the opportunity to launch many fake projects hoping to scam unsuspecting inventors. Some persons, especially newbies may be tempted at the prospect of investing in a project that promises to yield x100 with few months, only for them to get scammed after investing.

As bitcoin is more than 40k now, there will be a lot of scammers on the loose trying to jump on this situation.
Actually, there's no season for scammers, so long there are gullible users who will take the bait.
But when bitcoin or crypto market is getting much interest because of the rising prices, and so the number of scammers.
This is why everyone should be aware of what they do over the net. You can't expect anyone to think of how you feel when you are duped.

[Kelward]

Thatnks for the precautionary advice, especially in this Christmas season, scammers will want to capitalize on people's ignorance to enrich themselves. It is very important to verify the sources of links that is sent to us, that promises tremendous rewards, because at the end of the day you will be the one rewarding these scammers.

I've always been skeptical about new altcoins, because of the unpleasant experiences of forum members that have lost their investments. We should look beyond the hypes of these projects and consider if they'll be durable in the crypto market, because most of them will end up shitcoins. This is why my preference will remain bitcoin, and of course top altcoins that have proven their worth.