Help! I'm New to Crypto

in hive-182156 •  2 years ago 

In today's world, you can't go five minutes without hearing about cryptocurrency. I can't explain why but it's always caught my interest. However, I've been a bit hesitant to join as my first crypto exposure was BitConnect which turned out to be a pyramid scheme.

help-ga256eead3_1280.png

Recently, I've decided to give crypto another chance as it excites me. I found this site which I figured would give me a bit of free crypto as well as the opportunity to discuss with people who know way more about crypto than myself. With that being said, would anyone be willing to help answer a few of my questions about crypto because every other site just belittles me and labels me a FUD(fear, uncertainty, doubt)? If so, I'd truly appreciate it.

Firstly, how can you identify a crypto scam? I believed in BitConnect due to its sheer size. I figured that nothing that big could be a scam. Clearly, I was wrong. What signs can you look for to determine if a crypto project is legit?

Similarly, how much of a factor is price manipulation? I've seen a number of NFT projects go "to the moon" only for it to be yet another rug pull. Have any cryptos been stabilized or will I have to spend every day wondering if I'll be stuck holding the bag?

Lastly, how secure is crypto? I'm sure you've read about the number of massive crypto hacks. I was wondering if those are common on smaller accounts.

To those kind souls, thank you for helping me navigate this labyrinth known as the world of crypto.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

More gains to Crypto Culture 🔥🔁

The excitement is there. I just hope it leads to success

If you have long wanted to start your journey in cryptocurrency but did not know how, in this case I will help you. I would like to recommend this cryptocurrency trading platform. Main advantages:
🔥$1000 deposit and trading bonus (You can find these tasks in "Task Center")
🔥The lowest commission per trade (from 0.1% to 0.015%)
🔥You can get up to 180% just keeping your crypto on balance
🔥 Referral program - get up to 40% of the referral.

This crypto-exchange does not stand still and holds promotions and campaigns where you can earn some extra money. The best in my opinion:
🔮 Earn up to $500 in Mystery Boxes
🔮 Crypto WODL - a logic game where you can test your skills
🔮 Lottery where you can win $4000 by paying only $1, which will be returned to you if you lose

Especially for those who have read up to this point, I have prepared a gift - when you enter this promotional code "BINANCEPAY" in your Account -> Pay-> Crypto Box -> Receive section, you will receive a random amount of dollars. So don't waste your time and grab all these cool bonuses by ▶clicking here◀