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spencer
spencerEnlightened Mentor
Asked: July 20, 2024In:

Why is there a lot of fraud in the crypto space, as a beginner how can I navigate through it and avoid it?

Why is there a lot of fraud in the crypto space, as a beginner how can I navigate through it and avoid it?

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  1. Augusta
    Augusta Enlightened Mentor

      Scammers, through various means of manipulation, convince victims to deposit more and more money into financial “investments” using cryptocurrency.  Fraudsters can also  hack a user's crypto wallet and steal their cryptocurrency and other crypto assets. · In the last few years crypto-relatedRead more

     

    Scammers, through various means of manipulation, convince victims to deposit more and more money into financial “investments” using cryptocurrency.  Fraudsters can also  hack a user’s crypto wallet and steal their cryptocurrency and other crypto assets. · In the last few years crypto-related scams have surged. Because of the incredible volatility of cryptocurrencies and the uncertain regulatory landscape of crypto-assets  creating a fertile ground for fraudsters to target victims Cryptocurrency is unregulated so it is easier for fraudsters to exploit than traditional, regulated bank accounts

     

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Mhizta Yan
Mhizta YanActive Contributor
Asked: October 1, 2023In:

As a newbie in cryptocurrencies business, one thing you must understand to make money on it is to know when to sell your cryptocurrencies at the right time. How do you go about it?

As a newbie in cryptocurrencies business, one thing you must understand to make money on it is to know when to sell your cryptocurrencies at the right time. How do you go about it?

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  1. deucher
    deucher Active Contributor

    Relative to the stock market, the cryptocurrency market has not existed for so long, and therefore there are no strategies to fix assets yet. In my opinion, it is best to wait for a specific amount and not sell all assets, but only half, because they will continue to grow and you definitely do not wRead more

    Relative to the stock market, the cryptocurrency market has not existed for so long, and therefore there are no strategies to fix assets yet. In my opinion, it is best to wait for a specific amount and not sell all assets, but only half, because they will continue to grow and you definitely do not want to be left without a profit. You can lock in 10 percent profit for every 10 percent increase in price

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Mika
MikaExpert Mind
Asked: August 24, 2023In:

Do you really have to use multiple crypto wallets? What are the possible risks associated with using a single wallet? What are the benefits of using multiple wallets?

Do you really have to use multiple crypto wallets? What are the possible risks associated with using a single wallet? What are the benefits of using multiple wallets?

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  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.

    One issue connected with using a single crypto wallet is the security risk. You risk losing all of your cryptocurrency if your wallet is compromised or hacked. If you have a sizable amount of cryptocurrency in that wallet, this is the case. The value of cryptocurrencies varies, and they are unstableRead more

    One issue connected with using a single crypto wallet is the security risk. You risk losing all of your cryptocurrency if your wallet is compromised or hacked. If you have a sizable amount of cryptocurrency in that wallet, this is the case. The value of cryptocurrencies varies, and they are unstable. You lose the advantage of diversification if you keep all of your cryptocurrencies in a single wallet.

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Mika
MikaExpert Mind
Asked: September 2, 2023In:

Do you think crypto can solve the poverty issue, do you think crypto is the answer to the road to richness? Do you believe crypto can help you get out od poverty?

Do you think crypto can solve the poverty issue, do you think crypto is the answer to the road to richness? Do you believe crypto can help you get out od poverty?

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  1. spencer
    spencer Enlightened Mentor

    I don't see any practical way crypto can end poverty, I think it'll even increase it with time because most people involved in either don't understand what they're doing, or they like living in illusions, how can moving green and red candles determines whether you make money or not. You don't have cRead more

    I don’t see any practical way crypto can end poverty, I think it’ll even increase it with time because most people involved in either don’t understand what they’re doing, or they like living in illusions, how can moving green and red candles determines whether you make money or not.

    You don’t have control at all about it and all you can do is just predicting, but it can be used to manage wealth.

     

     

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Crystal
CrystalKnowledge Seeker
Asked: September 28, 2023In:

What are the simple tips to succeed on cryptocurrency business? Investing in cryptocurrency is good, but it’s always comes with risk because unexpectedly it can fail you. But I think crypto expert can earn with cryptocurrency perfectly.  

What are the simple tips to succeed on cryptocurrency business?

Investing in cryptocurrency is good, but it’s always comes with risk because unexpectedly it can fail you.

But I think crypto expert can earn with cryptocurrency perfectly.

 

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  1. Udyfortune
    Udyfortune Newcomer

    There are no expert in the crypto space but there are professionals who can study the block chain within some periods of time and come out with result and recommendation. Crypto space yield a lot of money but you need to study the block chain very well or employ someone possibly  a professional to sRead more

    There are no expert in the crypto space but there are professionals who can study the block chain within some periods of time and come out with result and recommendation. Crypto space yield a lot of money but you need to study the block chain very well or employ someone possibly  a professional to study the recommend the one to invest in. Another important thing that you need to do is to diversify your portfolio by investing in different crypto and also consider the risk involved before investing

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Crystal
CrystalKnowledge Seeker
Asked: September 15, 2023In:

Do you have any advice for cryptocurrency investors? Cryptocurrency investment is an high risks investment, but it’s a profitable business to run online if you can master on how to use it without harming yourself. What can you say to crypto investors?

Do you have any advice for cryptocurrency investors?

Cryptocurrency investment is an high risks investment, but it’s a profitable business to run online if you can master on how to use it without harming yourself.

What can you say to crypto investors?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Cryptocurrency investment can be profitable, but it also comes with serious risks. My advice to crypto investors is to never invest money they cannot afford to lose. Before investing in any coin or project, take time to research and understand how it works instead of following online hype. DiversifyRead more

    • Cryptocurrency investment can be profitable, but it also comes with serious risks. My advice to crypto investors is to never invest money they cannot afford to lose. Before investing in any coin or project, take time to research and understand how it works instead of following online hype. Diversifying your investment can also help reduce losses. Most importantly, avoid greed and emotional decisions during market rises or crashes. Crypto rewards patience, discipline, and proper risk management. Learning continuously and staying updated with market trends can help investors make wiser and safer financial decisions.
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Precious
PreciousKnowledge Seeker
Asked: September 9, 2023In:
Will Shiba Inu coin hit one dollar in 2024?

Shiba has been the most poorest meme coin with the highest supply in the crypto currency field that is less than 0.00008 dollar, but I read recently that Shiba has been collaborate with shibarium team to burn million piece of ...Read more

Shiba has been the most poorest meme coin with the highest supply in the crypto currency field that is less than 0.00008 dollar, but I read recently that Shiba has been collaborate with shibarium team to burn million piece of Shiba to help lift up the price.

Will the price of Shiba hit one dollar in 2024?.

What are you your thought.

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  1. Avarose
    Avarose Enlightened Mentor

    To be realistic, Shiba Inu is very unlikely to reach $1 in 2024. Its supply is still extremely large over 500 trillion and even though the Shibarium team is working on burning tokens, it would take a huge amount of burns and massive demand to get anywhere near that price. The burn efforts may slowlyRead more

    To be realistic, Shiba Inu is very unlikely to reach $1 in 2024. Its supply is still extremely large over 500 trillion and even though the Shibarium team is working on burning tokens, it would take a huge amount of burns and massive demand to get anywhere near that price. The burn efforts may slowly help the price go up, but hitting \$1 would require an unrealistically high market cap. It’s okay to hold some with hope, but it’s best not to rely on it for major financial gains.

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Svishok
SvishokExpert Mind
Asked: September 1, 2023In:

A cryptocurrency wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It consists of a public address (akin to an account number) for receiving funds and a private key (like a password) for authorizing transactions. ...Read more

A cryptocurrency wallet is a digital tool that allows users to store, send, and receive cryptocurrencies. It consists of a public address (akin to an account number) for receiving funds and a private key (like a password) for authorizing transactions. The wallet’s primary purpose is to manage your digital assets and interact with the blockchain network to facilitate transactions, making it an essential component for anyone involved in cryptocurrency.

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yusra
yusraTrusted Adviser
Asked: April 4, 2024In:

As an investor looking to diversify my portfolio, I’m intrigued by the idea of using bitcoin to purchase gold. What platforms or services allow for this type of transaction? How does the process work exactly – can I directly trade ...Read more

As an investor looking to diversify my portfolio, I’m intrigued by the idea of using bitcoin to purchase gold. What platforms or services allow for this type of transaction? How does the process work exactly – can I directly trade my bitcoin for physical gold bullion or coins? Are there any tax implications or fees to consider when buying gold using cryptocurrency?

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  1. Mika
    Mika Expert Mind

    Gold is number one asset in terms of market cap. Bitcoin is one of the top 10 assets in terms of market cap. Even though value of gold is higher than bitcooin, bitcoin is also an asset that went from zero to $70K just in less than 15 years. Gold has been with us for a couple of thousand years, yet bRead more

    Gold is number one asset in terms of market cap. Bitcoin is one of the top 10 assets in terms of market cap. Even though value of gold is higher than bitcooin, bitcoin is also an asset that went from zero to $70K just in less than 15 years. Gold has been with us for a couple of thousand years, yet bitcoin has managed to grow tremendously. Therefore, buying gold with bitcoin is not a good idea because bitcoin can be more profitable

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deucher
deucherActive Contributor
Asked: August 10, 2023In:

Binance’s native blockchain token (BNB) has dropped in price following the SEC failure. The exchange is facing heavy pressure from the US government regulator. If Binance wins the SEC lawsuit, the price of BNB could skyrocket in an instant. But ...Read more

Binance’s native blockchain token (BNB) has dropped in price following the SEC failure. The exchange is facing heavy pressure from the US government regulator. If Binance wins the SEC lawsuit, the price of BNB could skyrocket in an instant. But if it loses, BNB could see new lows until it drops below the “three digits”.

I wonder if this is a good time to buy BNB or should I wait a little longer? The crypto market is still bearish, so we can expect further pressure on an altcoin like BNB in ​​the near term. Who knows if BNB will hit a higher price in the future?

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  1. Svishok
    Svishok Expert Mind

    Determining if now is a good time to buy BNB (Binance Coin) requires research and analysis. Consider factors like the overall market conditions, BNB's performance, and your investment goals. Consult financial experts and analyze price trends, trading volume, and news updates related to BNB. Keep inRead more

    Determining if now is a good time to buy BNB (Binance Coin) requires research and analysis. Consider factors like the overall market conditions, BNB’s performance, and your investment goals. Consult financial experts and analyze price trends, trading volume, and news updates related to BNB. Keep in mind that investing in cryptocurrencies comes with risks, so it’s essential to make informed decisions based on thorough research.

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