Quote from: Jackl87 on Today at 08:53:05 PM

Quote from: feeling sound on August 04, 2022, 05:27:06 AM

I decided to create this post after seeing the number of people getting scammed increase. The statement in the title is something you should generally live by, and it is especially true when you are dealing with the stock or crypto markets. There is no free or easy money in this world. You would have to be one in a million to luck out and find a coin or stock that will moon, and a further one in 10 million to actually hold that asset until it does and cash out at the right time. This is somewhat relevant but besides the point.
The crypto space is still relatively new and much about it is still unknown. It's the perfect place where people who are recently joining with promises of riches will get burned. Don't play with what you're unsure of, but if you do, keep the statement in the title in mind.

I totally agree with you and i also think that the crypto space is probably the most dangerous environment for a young or inexperienced investor. I mean just imagine you heard of crypto for the very first time then you google a little and you find one or a few projects that you find interesting then you check their website. If you are unlucky then the whole project is a scam and you have already lost your funds once you have interacted with their website.
If you found a legit project then sooner or later you will find a link to their telegram channel. Once you have joined that channel and asked your first question you will get at least 5 DM's of people who pretend to be part of the projects team and that are saying that they want to help you. As a newbie you probably don't know that those are all scammers.

Every market could really be dangerous but i do agree that crypto market is a bit far ahead compared to other markets due to volatility and unpredictability of everything.If we do just make use of our

common sense and wont really be that greedy then we wont really be ending up on various conditions which would be talking about being scammed or hacked or something like that.

Stick with those realistic things so that you wont really be finding yourself lost off track and would be sticking on something worth or something that could give out chance on making money
but not on the easy way.