Cryptocurrency Course Part-7(Protect Yourself From Scams)

in cryptocurrency •  7 years ago 

As the value of cryptocurrencies increase, more and more bad people are finding ways to take your cryptos from you for nothing.

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The following should help you:

  1. If the opportunity seems too good to be true, then it probably is. Stay away.

  2. Do your research before you send your cryptos to someone or some project.

  3. Check out a number of websites and forums and ask questions when you don't understand something or if it doesn't feel right.

  4. Don't let the fear of missing out overcome your common sense.

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helpful post

Noted already, thanks for your word of advice.

Just like in the days of ponzi then alot of scam ICO's took over its really sad, i lost quite an amount bitcoins then now i know better... I wish there was a way of scrapping these scam ICO's even before they go online... I believe karma would deal with them with time..
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This post has received gratitude of 4.35 % from @appreciator thanks to: @cryptoplayer.

Nice post