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Showing 10 of 10 results by Qunner
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Topic
Board Altcoin Discussion
Re: How NOT To Get Scammed
by
Qunner
on 26/11/2019, 01:20:22 UTC
I believe that every good lesson starts with a good story and on this note, I want to tell you about the experience I had that made me cautious of "Get rich quick" schemes online especially those pertaining to Cryptocurrencies.




I discovered Bitcoin in early 2013 and although I didn't take it seriously at first, I was earning little money from it doing tasks online (pay for view, faucets and such), I took it more as a hobby and never intended on selling the bitcoin, I just knew in my heart that it would do great so I wanted to accumulate as much as possible without having to spend my money buying it (this was before I got into mining), fast forward to 2015 when the money doubling schemes were everywhere, I kept seeing adverts online and even though I knew better, I decided to invest in one of them (Avabitcoin) with the coins I got from my early days of discovering bitcoin, Avabitcoin was a platform where you invest bitcoin and they supposedly invest it and return profits to you on a daily basis, I decided to take the risk and invested for the first day, got back my money plus 12% profit, and greed overtook me and I did kept doing it for 2 more weeks before they vanished with my funds. I kept going all in even when I had already doubled my money.

If you want to avoid getting scammed online, you just have to follow the following:

Greed: Greed has led a lot of people straight to rekt, like my story above would have told you, I couldn't resist the pull of greed even when I had doubled my funds.

HYIPs: When it looks too good to be true, then it's probably too good to be true, when you see any investments that promise high yield returns, please stay far away from them, when you see genuine projects that offers returns, most of their returns are so low, some of them are average of 10% per annum and it's a wonder that we see platforms offering 10% and above in a day and we gladly jump straight into rekt, like I said, if it sounds too good to be true, then it's too good to be true.

FOMO: If not for the hype that Avabitcoin generated, I would not have invested in it in 2015, learn how to DYOR and avoid what others have to say about projects they seem to support, infact your mindset should be that everybody is trying to rip you off so if you always look at every hyped project with that mindset, you would have a clearer picture of the project without the blindfold of FOMO.

Rushing: Avoid rushing into any investment because you heard it's paying others, one of the virtues of a Cryptocurrency investor is patience, Cryptocurrency investments are high risk investments and you have to treat it like gambling, never invest more than you can afford to lose, never go all in on any project no matter how good it looks.


EDIT:
Click on random websites: Many airdrop websites you see these days asking for personal details are fake and many of them are just clever ways to steal your private details and use it to steal your funds, be careful of the links you click and if possible, bookmark your sensitive websites (the ones that need private information like private keys and passwords) so that you wouldn't fall for a clone website.

Use new wallets: We can all remember the recent incident that happened with satowallet where the wallet stopped working and users lost a sizable amount of funds, we should stick to the existing and trusted wallets instead of just jumping into any random wallets swe see online, many of them don't have your best interest at heart.

Repeat Passwords:  I was just surfing through the forum a few minutes ago and saw a post where a guy managed to hack an ICO website and contacted the admins and the admins just don't care, never repeat passwords in two websites so that if a hacker manages to get their hands on one of your passwords, they would not be able to affect your funds in other platforms.

Quote
Please try to include telegram scams on your list, they are trending big now and almost all newbies from india have fall victim to this scam tricks, scammers steal project teams image and use a near identity name too, for example a legit project team member can  go by @fisher as the username and scammers will change the name to @flsher with same profile image to give you good offer, if you don't check very well you will think its legit.



If you have any similar experience, please kindly share it, it might help others (especially the newbies to avoid being scammed by shady projects out there and if I see good suggestions, I would edit this post and add them as well.


Don't forget accidentally copying and pasting wallet seed in a chat room, rip my 400 euros worth of btc
Post
Topic
Board Politics & Society
Re: [POLL] WILL TRUMP BE ELECTED TO A SECOND TERM?
by
Qunner
on 24/11/2019, 05:00:22 UTC
No. He doesn't have a good approval rating at all
Post
Topic
Board Bitcoin Discussion
Re: How would an Economy based on BTC look like?
by
Qunner
on 05/11/2019, 03:02:47 UTC
I realized I don't think I asked the question as I wanted. In this scenario the country doesn't switch to the coin, the currency is just BTC, built upon BTC, and will continue to rely only on BTC, not some foreign currency like USD or Euro. What I'm thinking is just a new country. Like the idea of Esperanto land.
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
How would an Economy based on BTC look like?
by
Qunner
on 05/11/2019, 01:16:57 UTC
⭐ Merited by xtraelv (1)
Just as the title states. How do you guys think  a country with its only economy being BTC look like? Would it look like how western countries are of today, some Cyberpunk future, or maybe just completely mess up? Honestly, I think it'd look something like the current state of western countries, as if the only currency allowed is BTC, then in theory it should always balance out and be flexible.
Post
Topic
Board Bitcoin Discussion
Re: Would you waste your time for 5 cents worth of bitcoin?
by
Qunner
on 05/11/2019, 01:00:46 UTC
I am doing market research for a potential project.
If there was a website you could go to daily where you would earn anywhere from 1 cent - 10 cents worth of bitcoin just for clicking a button, would you do it?
No strings attached, no deposit required. You go to the website, push a button and 5 cents is deposited into your wallet. Would you go every day and do it, or is it not worth your time?
Would I push a button in a real life job / project for 1 to 10 cents?
No, not really.
Post
Topic
Board Bitcoin Discussion
Re: Anonymity with BTC via XMR
by
Qunner
on 02/11/2019, 00:39:52 UTC
I think anonymity is no longer possible.
One's anonymity disappears only when they choose to resign their anonymity.
Have fun moving continents, burning all your stuff and getting a new identity.
Post
Topic
Board Bitcoin Discussion
Re: Anonymity with BTC via XMR
by
Qunner
on 02/11/2019, 00:31:58 UTC
Hello,I know its better to use only XMR to make sure to stay anonymous. However some merchants still dont accept monero, and somtimes people also just want to pay you with BTC.

So what do you think of following anonymity plan regarding BTC usage (combined with XMR):

BTC Address W (mine, not anonym) -> BTC Address X (controlled by Morpthoken service, converts to XMR. this is input address for conversion)XMR Address A (controlled by Morphtoken, output address) -> XMR Address B (mine) -> XMR Address C (controlled by XMR.to service, converts to BTC. this is input address for conversion)BTC Address Y (controlled by XMR.to service, output address) -> BTC Address Z (mine, anonym) -> BTC Address V (merchant)

So the coins from the first BTC address shouldnt be traceable to the last BTC address. Assume also that for each transaction you use different amount at different time.And since we use also two different conversion services you make sure that the services self arent a weak point (and do not require registration).

What do you think of this anonymity/privacy plan? I think it is far more recommended than using any BTC mixing service (many are proven to be unsecure).

I'm pretty sure you are aware of this already, but make sure you use a VPN. If you don't use a VPN and the coins are logged from going into from the same unprotected IP address to the same one, there pretty much is no anonymity; plus, if your are involved in anything suspicious or illegal this could be a serious problem for you. Also try using a VPN server that is local to you, but not exactly where your from, example: If you are from Frankfurt Germany, consider using a VPN server that is located in Berlin to move your coins from a wallet into another with one conversion service, then use another VPN server located in Cologne to move the coins mentioned before into a new clean wallet. Remember repetition is bad, it will mess you over. Do not use Tor as it could work for you, but is considered suspicious and maybe illegal for you in your country or link you if you are going to a Bitcoin ATM to cash out your BTC.
Post
Topic
Board Bitcoin Discussion
Topic OP
Share Your Experiences
by
Qunner
on 01/11/2019, 06:05:30 UTC
Was reading about how Bitcoin first came into existence and people's first experiences with Bitcoin, cryptocurrency, etc on Reddit. I want to know how your guy's first experiences was with Bitcoin, and if you ever had any regrets or wins throughout the years. Also, would be cool to know how people first actually got Bitcoin back nearly a decade ago when it wasn't as easy as buying some from a local Bitcoin ATM near you.
Post
Topic
Board Bitcoin Discussion
Re: What scares you the most?
by
Qunner
on 01/11/2019, 05:42:45 UTC
I'd say, after finished buying my bitcoin from the store and dropping it down a sewage drain.
Post
Topic
Board Off-topic
Re: DOTA 2 is better than LOL YES or NO ?
by
Qunner
on 01/11/2019, 05:34:32 UTC
Honestly, I think dota is better and more fun to play. LoL just looks like it keeps getting worse and worse; although, I'd rather watch  a game of LoL, such as Worlds, I still think dota is more fun.