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The Scam In The Crypto World - Investment (11) - Nairaland

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Crypto World: Right Time To Invest In CRYPTO? / The Scam Called Daily Income Store/aim Global/alliance In Motion / Crypto World For Newbies, Start With Or Without Investment (2) (3) (4)

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Re: The Scam In The Crypto World by justli: 10:16am On Jun 23, 2021
Workch:
crypto is a scam, look at the bigger picture.

Stock market and forex market are no different.
The big difference is that potential gain for risk in crypto is mind-blowing. You can actually become a millionaire in dollar in crypto if you understand market cycle and sentiment. I don't know of any other investment in the world that can return that much value in profit while at the same time building projects that can change the world for good.

3 Likes

Re: The Scam In The Crypto World by Bassa1: 10:18am On Jun 23, 2021
Re: The Scam In The Crypto World by Bassa1: 10:19am On Jun 23, 2021
Wetin b cryptocurrency and bitcoin


https://www.youtube.com/watch?v=qrYkoTY69As
Re: The Scam In The Crypto World by dayjoy: 10:24am On Jun 23, 2021
Re: The Scam In The Crypto World by ishmaelistic: 10:26am On Jun 23, 2021
Cryptocurrency is never a scam. Get enough knowledge and you will enjoy it. To go into crypto, you must be responsible, discipline, patient, and you must embibe the principle of risk management as well as having your strategic plans and sticking to it. I have made a future with that same safemoon you call a shitcoin. Presently, I am making minimum $20 daily on Binance Futures. How is it a scam?

3 Likes

Re: The Scam In The Crypto World by Hassanmaye(m): 10:33am On Jun 23, 2021
money121:

It may raise to 1m sef.. if u can hodl
Do u know bitcoin was 1$ b4 so if someone bought at that rate then and btc now 32k$ and sold now
Guess how much the person hodl crypto not for kids
If body no full no do crypto..
OK sir

1 Like

Re: The Scam In The Crypto World by kennethfranc(m): 10:36am On Jun 23, 2021
prince3009:

I heard that withdrawals in luno is very frustrating
Its almost impossible at this time if not for p2p (though I haven't tried it)
Re: The Scam In The Crypto World by Danger1000(m): 10:37am On Jun 23, 2021
Vanilla4:
They will put good figure on it, when the price increase and looks somewhat stable, they withdraw the profits they wanted. Latecomers may suffer it
lowkey ponzi scheme

2 Likes

Re: The Scam In The Crypto World by spanzed(m): 10:51am On Jun 23, 2021
na2016:


Go and read about it.
Okay sir
Re: The Scam In The Crypto World by drealcivilceno(m): 11:15am On Jun 23, 2021
Toks2008:
lol well the truth is those shit coins could be major coins in years to come.

Just know what you are doing and if you must invest wisely, go for the known coins like Bitcoin, Etherium, lite coin ,dash and so on. And if you can get free coins why not.

You can watch this update about Bitcoin and cryptocurrencies to understand the fluctuating nature.

Cryptocurrency investment is not a scam at all... You just have to be very patient with the fluctuating values with focus on long term profits..

Juxstaposing scam to cryptocurrency investment cos of a drop in value simply means you don't even know what you are doing.

Go educate yourself.



https://www.youtube.com/watch?v=heJjvPwwLCE

Nobody is working on commodifying it. Government are laughing behind the curtains coz it gave them quite a scare....
Re: The Scam In The Crypto World by Harrysid(m): 11:39am On Jun 23, 2021
omoluka:
Lol, typical Nigerian youth, always dabble in to something for a quick bucks. I bet this op just started trading/investing in crypto this year, there is actually not much difference in hustling online and ofline. If you want real money in crypto, you just have to hodl provided you invest in a good project. What was the value of doge coin in January 2017?

Crypto can make you a dollar millionaire if you know what you are doing but PATIENCE is the key word here.
I have been in crypto since 2015 , i have seen this cycle many times


Don't mind these guys. I joined crypto in mid-2020 (I'm still blaming myself for why I didn't join earlier far back in 2010). Before I invested, I made sure that I've read extensively. I also made sure I understood each terminology in the crypto world.
To conclude, I am not rich but I've made serious progress with my finances. That is why I don't argue with people anymore when they say crypto is a scam.
My advice is anyone who wants to go into crypto should READ and UNDERSTAND at least 90% of what it is all about before investing his/her one Naira in it.
I invested $100 in Safemoon in March 2021, my cash rose to almost $2k by April, I took out my profit, bought again in the Dip, now I'm just HODL & enjoying the reflections.
NO market is devoid of scams. Cryptocurrency is no different.
For people that complained that cryptocurrency is not very stable, I LAUGH in Swahili, maybe they've not heard of USDT.
Abeg make una get out.

2 Likes

Re: The Scam In The Crypto World by Kryptobi: 11:52am On Jun 23, 2021
shegzhkn:
Seun i can see you.

Who push this horseshit to the front page ??

I don't know why that guy hates that space.
Re: The Scam In The Crypto World by Nobody: 12:08pm On Jun 23, 2021
macjireh:


u DAT is living in 'richverty',,if I ask u to do giveaway now,,u will disappear like ghost cheesy

Giveaway kee you dere cheesy
Re: The Scam In The Crypto World by ofiko123(m): 12:13pm On Jun 23, 2021
Is there really scam in the crypto World..
Re: The Scam In The Crypto World by mrmacdon(m): 12:15pm On Jun 23, 2021
How about the billion coin, (TBC) I bought in 2017

1 Like

Re: The Scam In The Crypto World by Workch: 1:36pm On Jun 23, 2021
justli:


Stock market and forex market are no different.
The big difference is that potential gain for risk in crypto is mind-blowing. You can actually become a millionaire in dollar in crypto if you understand market cycle and sentiment. I don't know of any other investment in the world that can return that much value in profit while at the same time building projects that can change the world for good.
They are tightly regulated unlike crypto that whales manipulate prices.

Think well brother
Re: The Scam In The Crypto World by justli: 1:56pm On Jun 23, 2021
Workch:
They are tightly regulated unlike crypto that whales manipulate prices.

Think well brother

We also have whales in stock markets and forex... The saga between gamestop and institutional investor some months ago comes to mind. You can read up on that.

Again, crypto gives more power to the small player especially when tokens are well distributed as is the case in most well tokenized projects.

You can either take your time and understand what defi, nfts and major blockchains' are doing and position to transform your life forever or you can continue bickering over why crypto is a scam and watch to regret 5years later when everything becomes decentralized.
Re: The Scam In The Crypto World by Workch: 2:20pm On Jun 23, 2021
justli:


We also have whales in stock markets and forex... The saga between gamestop and institutional investor some months ago comes to mind. You can read up on that.

Again, crypto gives more power to the small player especially when tokens are well distributed as is the case in most well tokenized projects.

You can either take your time and understand what defi, nfts and major blockchains' are doing and position to transform your life forever or you can continue bickering over why crypto is a scam and watch to regret 5years later when everything becomes decentralized.
Crypto doesn’t give power to anybody, it’s a robbing to pay Peter platform
Re: The Scam In The Crypto World by Dackrapper(m): 2:25pm On Jun 23, 2021
Safemoon is not a scam or pump and dump.
Re: The Scam In The Crypto World by Hassanmaye(m): 3:16pm On Jun 23, 2021
omoluka:
Lol, typical Nigerian youth, always dabble in to something for a quick bucks. I bet this op just started trading/investing in crypto this year, there is actually not much difference in hustling online and ofline. If you want real money in crypto, you just have to hodl provided you invest in a good project. What was the value of doge coin in January 2017?

Crypto can make you a dollar millionaire if you know what you are doing but PATIENCE is the key word here.
I have been in crypto since 2015 , i have seen this cycle many times
Sir which coin can you advice me to buy now
Re: The Scam In The Crypto World by omoluka: 3:55pm On Jun 23, 2021
Hassanmaye:

Sir which coin can you advice me to buy now
Buy cheap tier 1 and tier 2 exchange coin and hodl. You can as well check centric. com if you want a good relatively low sat coin with great prospects

1 Like

Re: The Scam In The Crypto World by Harrysid(m): 3:57pm On Jun 23, 2021
Hassanmaye:

Sir which coin can you advise me to buy now
You can buy the Mega Coins now. every crypto now is dipping and either wait for it to dip more or you buy the dip now. Just keep looking out.
For the shitcoins buy Safemoon and Doge. Though Safemoon projects when and if actualized will disrupt the whole crypto world and we know the faces behind safemoon team and their previous works unlike most shitcoins that don't put a face to its tokens.
N/B: I said IF

This is just my 2cents.

1 Like

Re: The Scam In The Crypto World by ajl: 4:56pm On Jun 23, 2021
Bigshoe2028:
I will make this short and understandable

A lot scam is going on crypto currency space
It is called pump and dump

Early investors pump and once they made enough they will dump the coin and run with their profit we are not calling about thousands they chop millions to billions

This scam is world wide since crypto is digital


How to avoid before u buy any coin
Read its white paper find out the real world usage

Find other similar project is it fail to solve the issue of similar existing coin avoid probably a scam

Avoid all shit coins
Safe mooon,safe mars ,elogan feg etc
Don't buy even for free


If u want to buy go for coin which is default in a blockchain example instead to buy wink , go for tron

Make I stop here I will update this thread later

How is "pump and dump" a scam? You have no clue on this subject.
Re: The Scam In The Crypto World by justli: 5:40pm On Jun 23, 2021
Workch:
Crypto doesn’t give power to anybody, it’s a robbing to pay Peter platform

Shows you don't know the first thing about crypto and how it generates value
Re: The Scam In The Crypto World by GeneralPula: 6:12pm On Jun 23, 2021
na2016:


In past years you said? I remember in 2017 what happened to cryptos. I remember other periods too where they have been a crash too.
What I am saying is, a person can stay in one room somewhere in the USA and manipulate this market and make so much money from another set of people in Africa and Asia. Do you know how much people have lost in Shiba Inu coin, for instance?

Shiba inu coin?

What coin is that?

You need to understand this bro - bitcoin is the only certified crypto, with maybe Etherium. Which one be shiba inu bai lol..

Never put your money on any coin that’s not btc or eth..

1 Like

Re: The Scam In The Crypto World by GeneralPula: 6:13pm On Jun 23, 2021
Workch:
crypto is a scam, look at the bigger picture.

I hope you make some profit someday..

You’ll understand the bigger picture very well..
Re: The Scam In The Crypto World by afroxyz: 6:39pm On Jun 23, 2021
Kryptobi:


I don't know why that guy hates that space.

No mind am. Nairalland has remaines the same simce time immemorial. Yet twitter and Instagram that came after NL.have reimvented themselves. Na crypt0 be him.problem yet he still collects money to display crypt0 ads
Re: The Scam In The Crypto World by VeeVeeMyLuv(m): 7:38pm On Jun 23, 2021
kunkelhanspeter:

I bought btc of $20k before I know it it’s remaining $17k I have to cash out immediately lost $3k just like that
where were u last year 2020 a year the covid 19 pandemic and us elections shut down the world?
Re: The Scam In The Crypto World by tuboi: 7:56pm On Jun 23, 2021
kennethfranc:

Google is your friend when you're in doubt
It’s either you’re outside Nigeria or you don’t know what you’re talking about
Currently, no form of transaction is going on on luno and sending crypto from luno to other wallet is just too expensive.I think you need google more than I do...

1 Like

Re: The Scam In The Crypto World by na2016: 8:04pm On Jun 23, 2021
GeneralPula:


Shiba inu coin?

What coin is that?

You need to understand this bro - bitcoin is the only certified crypto, with maybe Etherium. Which one be shiba inu bai lol..

Never put your money on any coin that’s not btc or eth..

This is why I say read oooo. I don't invest in crypto because I feel is too volatile. However, I follow it because I have friends who invest in it. Shiba inu coin has been in existence mays since last year. At a point, the price went up rapidly and people made much fortune from it. Suddenly all that has crashed.

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