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RE: Verge (XVG) blockchain got hacked!
Thanks for this post... I actually came into crypto right around the time XVG and pretty much all crypto was being "pumped," by the likes of Trevon James, etc. (yes, incl. BitConnect :/ I fell for the hype with a very small investment into both cryptos; and then later, bought in to a company called Eristica at McAfee's suggestion. I still like the concpet behind ERT, but it's kind of a shit show lol. Anyway, good on you for staying away--I would do the same knowing then what I know now...
Hah, I made the same mistakes being newbie :)
Now, I know that media hypes like McAfee's ones are actually a bad thing.
I agree.
Everyone makes mistakes to begin with, BitConnect was even on my consider list for a while, but fortunately the price never corrected enough to take the risk ;-) Personally I think this is a lesson learnt to not have "all your eggs in the same basket", instead diversify your portfolio. For example I'm currently holding Zcash, Zencash, DeepOnion, as well as other privacy coins, as they are projects I believe will do well, but ultimately I don't know whether all or only one of them will go far. After seeing what happened to Verge, you can never know what will happen.
Quite agree with you on the need to diversify. You don't have a crystal ball to know which coins will pay a handsome ROI. No venture no gain, however!
Right. I am definitely diversify-city lol. I own zcash, monero, some xvg dust, etc... and those are just privacy coin lol. Personally, I liked monero, but, we know they--like most crypto atm--are having their problems.. On somewhat of an aside--especially for those following "privacy coins"--I believe the "dark web market" is a crucial market to observe, as that is where (again, imo) the bulk of not only privacy, but all crypto, atm, is being traded.
I also like DeepOnion.. they of course have the support of a solid, seasoned fanbase, and did things "the right way," it seems, and is taing things slowly but surely. Unfortunately, when I was looking at Onions, I was already by that point "overwhelmed" by what felt like a hunderd other tokens, so I passed it up. I may have to take a re-look... Thanks, guys!