Lambos and Cryptocurrencies

in #bitcoin7 years ago

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Many trains in crypto have left the station. Many have yet to leave. Many will never leave and some will fall apart.

We're witnessing a rising amount of "become millionaire on crypto trading" posts and offers for 1 bitcoin these days. People selling so called "strategies" and earning on them more than they should. Their strategies are full of nonsense and may delude individuals into totally wrong ways of trading thus making them losing all their money while these "strategists" are not trading at all.

Telegram Pump and Dump Groups

Currently, one of the most popular scamming trading technique. Couple of whales teamed up for solo reason to dump the pre-pumped Bittrex shitcoin on their 4k members in the Telegram groups. Everyone following these groups and participating will eventually lose a huge portions of bitcoins because the coin is already pre-pumped and you, telegram group member are the one who they are going to dump the shitcoin on while they enjoy your bitcoins you will be struggling with trying to get at least 1% back of your losses.

ICO scams

Not every ICO is a scam but almost every crypto trading scam is ICO-related. Literally hundreds of ICOs went online this summer and more at yet to come. The solo purpose of 95% of these is to get your eth and bitcoins and dump them for cash. You may or may not earn something when ICO tokens go on exchange. But in 99% you will lose most of your money.

Strategies scams

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Send me 0. 05 bitcoins to this ---- address and I will make you a millionaire. This doesn't need to be explained.

So next time when you think of this while browsing the blockchain opportunities

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Remember that you will probably have this

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Thanks for reading @freedomnation
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Indeed. Have you heard of "Project Ethereum"? Been seeing some posts about it lately and it looks quite shady.

Look at this insanity: https://projectethereum.com/

Many people that did invest years ago and held onto their coins did make a shit load of money, and with bitcoin prices going up there is a lot of opportunities out there for people that will do the research and hold onto their coins :)

there many shady companies, many HYIPS programs running away with people money daily. they come all of a sudden pay few people for month gain trust then as lots put in their money they run to hiding.

If you believe in it for the long term then there is a long way to go. A total market cap of roughly $100 billion is a grain of sand on a beach of world assets. Here I talk about how big this crypto space really is:

https://steemit.com/bitcoin/@doyoueatdolphins/how-big-are-bitcoin-and-ethereum

You nailed it Man :)

Upvoted and resteemed your post .

FOMO is real in this crypto space look at TENX

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