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RE: Warning: The risk of Cryptocurrencies –Mysterious Scammers stole Millions of Dollars
This is a wake up call to people who invest all their savings in a volatile market . For me, the best strategy is diversification especially in undervalued coins/ tokens. Steem power is also good due to ability to earn daily profits through delegations, curation, posts and interest. Guys avoid HYIP, Pyramid schemes and too good to be true schemes as indicated in this post. Good post indeed, upped-100%
These scammers are everywhere. I saw a list recently with over 20 companies that were scams.
I almost registered an account on two of them.
Thanks to @charles1 for sharing this with us.
Good that you recognised on time...more success to you
Thanks bro. More success to you too.
A safest strategy for beginners is to wait for a big exchange to list a token and buy it from there, because listing means that there is a strong community support for a project. Respected exchanges rarely list shitcoins.
With such strategy investor might miss some profits if a project skyrockets before listing on a big exchange, but the risks to loss money will be decreased. Basically, investor will trust an exchange to make a research for him, which is a perfect strategy for newcomers who can't afford spending hours researching and monitoring news for each project.
Good Point for safety, however you might miss the supernormal profit
Well analysed little lady Ronja...thanks for your comment and suggestions
It's mostly the hedge funds pumping and dumping
Possible
Agreed. People like you, should guide and explain newbies about new ways and verified source of earnings so people can avoid wasting time and money on useless and scam things. But unfortunately, mostly people become part of the scam and try to cheat others.