Quote from: Impulseboy on November 12, 2018, 02:45:16 PM

Quote from: NeuroticFish on November 12, 2018, 02:22:50 PM

Quote from: iTradeBit on November 12, 2018, 01:20:28 PM

How to protect against fakes?

Basically do your own research.

If some tell that Elon Musk buys Ethereum, see on his public statements about it. Search on twitter (but make sure you didn't find fake accunts with that name), search on blogs, search on reputable news agencies.
If somebody tells that certain bank or institution plans certain service, check that bank's pages, social media or even ask their support.
..Something like this.

Especially if you want to invest based on certain news, you have spend some time and effort to make sure everything is all right.

I agree. It is very important that we do our own research and not believe in anything we see or read on the internet right away. However, these days it is getting a bit harder and harder to determine authentic news from the fake ones. That said, a little self research do not hurt and often works.

It is a waste of time to try to base our decisions about in which coin to invest based on the news, if you want to make sure that a news that you are reading is true and not fabricated that is fine, but you should not rely on the news to make investments especially when the news take some time to be published because that means that the market probably already reacted to the news while you were away and you will not be able to enter the market before that happens, this is especially true in a market like this one that moves so fast.

People need to be more skeptical about what they read on the internet since anyone can say whatever they want without fundament and without having to bring any evidence to support of their words.