Cutting Through the Miss-information.
This post comes out because of necessity.
Due to the recent increase of wallet activity and new creations, we are experiencing a global flood of miss information. Now more then ever you need to put your information providers through strict vetting, of course you are more then welcome to do the same with me.
Do not run now, keep holding on for dear life! This all means that enough new blood has been attracted to the that we now need to evolve as a community.
So here is a list of tips for all the newcomers!
Do not invest more then you can afford, IE don't put up your mortgage payment.
If you treat investing like gambling, don't be surprised when you lose money.
1% to 5% daily is easily attainable, with the variety of exchanges and volatility of crypto currencies allows for a small amount of money being able to diversify and grow.
Beware of poorly run exchanges; not to say Poloniex or Cryptopia are scams. You can exchange coins and withdraw your money. The reason why they are poorly run is support is non existent.
Personally I lost over 3K USD in BTC over a year ago on Cryptopia due to a hack, no refund, no support, trying to even find news on this even is hard. Poloniex has a lot of users claiming funds disappearing from their accounts. Do your research and make sure where you are putting your money has been in the news and is fully registered as a money handling business. I use Bithumb to play around with KRW-BTC increases and Bittrex for everything else. Currently Bithumb is in shit because their site shut down for 90minutes during a huge spike of activity involving BCC, they are most likely just going to pay everyone who lost money like they have before.
No money was stolen just trades were prevented.
You are only ever as good as your information, join telegram groups, read on reddit, find interviews of the team managing your coins ecosystem then decide to invest.
I have signal groups that net me 60-180% every 48-72 hours, get yourself on Telegram!
TRADING BREAKDOWN!Okay this is simple, take 10 different coins that according to your info will see an increase of 5%-10% within the next 72 Hours. You have 1000 USD, 1000/10=100
and put a 3% Stop Loss on each 100$ so StopLoss = $3
Now lets say you lost 5 trade and won the other 5 trades. For math sake your wins were at 5%
So in 3 Days you got 25 - 15 = $10
This is your low end math, of course you could lose all your trades but the only persons fault that is, is your own. Again, you are only as accurate as your information. So make sure your information is correct, or at least the person providing it has a good track record.
HYIP(High Yield Investment Program)
Due to the fact I myself can take $250 USD and between mining contracts and trading grow that $250 into 25k by the end of the year. FYI If you bought $250 USD worth of BTC one year ago when it was $800 USD per BITCOIN you would have made $14,749 USD just holding on for dear life(HODL) All HYIPs have a chance to be real and true, look for transparency, incorporated business registration number, security verification on website, active director/CEO's name and local address.
There is a flood of websites/users claiming all HYIPS are a scam. You can find the same thing out by typing pretty much anything crypto related + the word scam.
All in all SCAMMERS come with MONEY, if you look at it more scams are done involving non-digital currencies then digital. Just please don't be like Linda in the following article. Currently I am composing a list of acronyms for users to familiarize themselves with.
http://www.cbc.ca/news/canada/toronto/bitcoin-scam-york-1.4393318
PLS look at your previous post!
ReplyDeleteStop FAKING people. The real man would even say sorry to the thous who was attracted by such world as "Read all and quit your job! UPDATED 2017-11-28 1:21AM
" , but all what you are telling now - DO NET INVEST MORE THAN YOU CAN LOOSE! Why IT WAS NOT told on the first post?
Not investing more then you can lose is an obvious fact of life.
DeleteIt should not need to be repeated to be known, aside from that fact alone anyone who does any research into the basics of investing knows that is rule #1
If you cannot afford a loss don't risk it, common knowledge.
Gambling is a risk that is also common knowledge, so if you treat something like you are gambling then your at a high risk.
I never have "faked" anyone.
If you read that post, invest properly there is full potential to quit your job, is that a smart thing to do before you have reached that point no. So don't quit your job till you reached the point you can.
I hope you see where I am going here. If this is lost on you, I recommend stepping away from the anything that has to do with handling money, its just not for everyone.
I've got your point. All the thing I am telling about - is the way how it is said. I think that the right way was to tell - "Look - this is a high risky investment, but I know things about it, so there is some information I can share... You can take your own risks if you want." But telling something like - "quit your job investing in this project" to the readers MUST be done ONLY with the hole response - that you are personally sure about THIS investment, and you know what you are doing if someone will follow your advice. This is the point.
Delete