How To Avoid Scams When Getting Into Cryptocurrency
43If you want to avoid getting scammed with cryptocurrency, this is the video for you, I cover the best ways to prevent yourself from getting scammed in the cryptocurrency space, and how to make sure you don't lose money to a ponzi scheme or just a bad investment.
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About this video: In this video, I walk you through how to avoid scams when you are first getting into cryptocurrency. Everything from setting up your wallet to what to look out for when you are browsing the web for the next bit cryptocurrency opportunity. From what to look for in Ponzi schemes to how to use common sense when making investments, I try to cover it all here.
Bitcoin is a wonderful thing, but because of its anonymity, it can be easy to get scammed. This video will show you how to avoid bitcoin scams in order to keep your Bitcoin safe. We talk about Bitcoin wallets and how to make sure that your Bitcoin isn't stolen and what to look for in regards to Bitcoin cloud mining to make sure you don't lose your money.
We also talk about ICOs and what to look for before you invest in an initial coin offering. These ICOs are popping up everywhere, and it can be very easy to invest in the wrong one and end up getting scammed.
Lastly, we recommended what to do when investing in ALT coins. From Dogecoin to Substratum to even Ripple, you need to understand the coin before investing in it. Read the whitepaper, see if you like the technology and only invest when you are confident a coin will perform well in the long term. It is also worth mentioning that if you are using a day trading or swing trading strategy, feel free to make any ALT coin investments that fit your investing style and strategy.
Nevertheless, I hope this video has helped you learn about how to avoid getting scammed when your getting into cryptocurrency, and how to start your cryptocurrency journey off on the right foot.
With that being said, feel free to like the video and subscribe to the channel if you found it helpful. It really helps us out. Thank you in advance!
Note: Some of the above links are affiliate links. I may receive a commission at no additional cost to you if you go to these sites and make a purchase.
I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.