RE: This thing called "due diligence"

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This thing called "due diligence"

in cryptocurrencyeducation •  6 years ago 

Wiser, great words of wisdom. I too have been involved in crypto since BTC was $800. I've seen so many coins scam and go, it makes my head spin. I believe with the industry still fairly new, comparatively, there are many who just rely on hype to invest, and don't take the time to really get to know what they are really putting their money into. While crypto is a traders dream, this is different than investing for the long term. I hate to say it, but we're going to see more people crushed this year from phony projects.
Many years of research has led me to DNotes as well. This is a project developed by a trustworthy team, dedicated to developing a complete financial ecosystem that is unmatched by any others. With their launching of DNotes2.0 recently, I expect 2018 to be a huge year for them and the investors who see how undervalued their coin is at the moment. IMHO, these guys will be in the top 20 of coins by marketcap soon. Thanks for your honesty on this subject of scams. It never feels good to lose money that way. Hopefully people will take your advice, and lessen their risks to the minefield of hype in the industry.

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Thanks for stopping by and for your thoughtful comment. It's totally true that it feels awful to lose money in a scam. I think that icky feeling is actually worse than the actual loss of funds. I think people rely on hype to invest because in many cases they don't realize it's hype because of lack of experience in investing. Recognizing the need to educate yourself is a very important first step. Many new investors don't even realize that there is so much they don't know. That's kind of how I was. Now at least I know that there's a lot I don't know :)