Construction Zone! Proceed with Caution!

davidcarella (26)in #bitcoin • 7 years ago (edited)

Bitcoin/Altcoins - SAFETY WARNING!

This will not be a drawn-out long article. The title clearly states CONCERN and wants to convey a cautionary approach toward Cryptocurreny Investments for new prospective investors.

This new technology is a work-in-progress Global-Community venture. And there will be speed-bumps and pot-holes along the path, until… The goal of a Safe and Danger-less/Risk-less free environment.

I'm just going to itemize a few bullet points so to be aware of issues that may and will arise:

It not as simple as Black or White.
Each new offering “UNIT” seems to be harder to interpret than the ones’ preceding. They aren't making the process easily understood at present. In-fact, in my opinion, it is getting more complex and difficult to interpret. However, I do believe the evolution/goal of this process/conversion is to simplify and demystify. But we are a long-way from that point at present.
Ones personal relationship/understanding of the value(s) of Money will not be the same as the other transactors value. We are dealing with a global client now. Best analogy Miser vs Gypsy (those two are like Oil is to Water)
Fraudulent companies and transactions are rampant. People are getting BURNED. Be cautious and careful.
The more ethical transactors/companies are emerging, but we are still a long-ways off from announcing the Amazon.com and Google.com at present – Due-diligence is imperative before transacting.
If it seams to Good to be TRUE – IT IS!!
Bank all "Units" – Do not fall for any Gambling Schemes.
Find Trusted News/Web sources and stay with them! (Next Blog – will reference the most reputable as based on Business Pratices of other Industries/Relations)
Do not look at this opportunity as a Get-Rich-Quick scenario. Standard/Prudent/Conservative investment values should be observed and exercised.
Be frugal and conservative toward these investments.
One will make mistakes – Don’t let it deter or frustrate to the point of omission of participation. This will level-out eventually and the opportunity of personal financial freedom is still obtainable and very abundant. Get back-in there an PLUG-AWAY.
And most IMPORTANT! You are on your own - initially/present. It’s not like we can go to our Attorney General, consumer advocate group(s), Better Business Bureau, etc and file a complaint if defrauded (at Present)