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Crypto101 - How to spot a scam 👀Hi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, people are still shocked when something like the recent LUNAUSDT / TERRA happens. Let's discuss a few ways to navigate this wild west market: - Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects. - Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan. - It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment. Ask questions that you can't already find the answers to. Now, the project on the chart - BURGERUSDT . BurgerCities crypto was developed on the BNB Chain ecosystem and is now linked to MetaFi . People compete for rewards on the BurgerCities platform. BurgerCities transitioned from being a DeFi product available on the BNB chain as Burgerswap to integrating DeFi and NFT into a more expansive metaverse space, producing uniform and standardized Web3 behavioral metaverse universe. Being a metaverse-oriented project, BurgerCities supports the NFT concept making it possible for users to earn returns through gameplay. Don't get me wrong; I am not stating that Burger coin is a scam - I am merely pointing out that you should always do your due diligence research on new coins / projects, and be extra cautious when the coin / token has a funny name. _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Education
by CryptoCheck-
87
Space X - the Solar City BaggyPPA Models are simple. straight forward and rather easy to project. IF, of course, you have a brain and are not running an enormous scam on the Backs of Taxpayers. Eron front-loaded the install under the guise of Bond Issuance covering upfront costs... 20-year Bonds are now on the Books of Tesla and Space X. _______________________________________________________________ $2.3 Billion to the PowerWall Sh_t Mix - a noose around the neck of Debt. Eron excels at Hide the Cheese. Bitcoin... eventually he'll need the Junk Coin to run well north of $100K in order to bail out his BS. Investors, Fanbois, and the Cult of Eron have short memories. We'll take their monkey money.
CME:BTC1!
by HK_L61
bull trap to 22.3k, 200 WMA, weekly close in 4 hoursYesterday I gained 300$ from shorting BNB, today I lost 535$, I don't know anymore. I short at absolute of absolute bottoms, then long absolute of absolute tops, this comes from having an idea that X rejects at price Y, and from reaching price Y, I invalidate my trade then follow with opposite, while my previous wasn't invalidated We either reject from here and first weekly close below 200 WMA, or we go up and close above it, scam pump, before retesting 20k. RSI says we need correction. I don't know, I don't know, I don't know anymore. Im confused. I am LONG till 22k, then opening a short. Who joins me!
BITSTAMP:BTCUSD
by Heartskull
1
Crypto Regulation & Retail Protection Continuing FarceWhile the Securities & Exchange Commission continues litigation against Ripple $XRP and Library $LBRY, retail gets REKT by "influencers" peddling their wares. $VPAD & $KASTA were developed/introduced by some of the most well known YouTube & Crypto influencers in the market. Each having dumped on the influencers' followers and the Crypto market. 18,800+ "cryptocurrencies" and climbing. Regulatory agencies like the SEC & CFTC are way behind the power curve and will continue to fall behind the remainder of the year as the administration looks to have "policy recommendations" in 12-18 months.
V
by R0MM3LL
TOTAL MARKET CAP and some disturbing figuresPersonally I find it disgusting that there is a central entity out there with enough control over this space to pull the rug which equates to the GDP of dozens of countries within a half an hour/ with no regulation to back any of it up... Being sold Tether by some entity which has nothing to back it up while the US government does nothing to regulate it... It seems to me that the US government which actively go's around overthrowing other nations that try to issue their own currencies or nationalize their economies, is fine with some random source issuing so called stable coins... Or maybe its the corrupt US government that is behind it all... At this point there is no way a few key figures called "whales" can control the prices to the degree of pulling out 20+ nations worth of annual nominal gdp in about a half an hour.. There is no whale out there with that much money! Period This is beyond criminal.. Having 40% of an entire markets value sucked dry within 2 months is just insane and to think that people out there will continue to do it while no regulation comes in shows how messed up this world really is... 12 million starve to death every single year and this criminal market go's unchecked..
CRYPTOCAP:TOTAL
by HighcardJezus
Binance investigated for alleged investment app crypto scamsRecently the FIA, an acronym for the federal agency dedicated to investigation and cybercrimes in the United States, announced that it would be investigating Binance operations. The federal body is investigating a crypto scam that links to the popular exchange, according to reports. • Binance agents in Pakistan must testify regarding links to crypto scams. FIA sent Binance an order of attendance to Hamza Khan, the head of analysis at the Pakistan-based exchange. The order shows that Khan could be involved with crypto scams using fake apps to encourage people to invest their money. The federal body also sent a questionnaire to Binance based in the United States and the Cayman Islands to clarify things. The investigations opened early on Friday, January 7, 2022, and could show progress in the coming weeks. FIA clarifies that for some time, crypto investment fraud has been observed within Pakistan and the Ponzi methods, where the trader loses all his money for an ROI that never comes. The FIA does not point to the exchange as a fraudulent crypto company, but it does expect its head of analysis in the country of South Asia to give testimony.
BINANCE:BNBUSD
by BernardMikhail1
India police give tips against being victims of crypto fraudThe Indian police have sounded a warning to locals not to fall victim to any cryptocurrency scam in the wake of surging crypto scams. The Additional Commissioner of Police Shikha Goel warned Indians at an event in Hyderabad, India, about the rise in cybercrime. She revealed that scammers use various methods to dupe investors. Speaking on how they operate, the officer said fraudsters use lucrative investment opportunities, illegitimate bank transfers, and cryptocurrencies to dupe unsuspecting victims. She stated that the police handled sixteen cases involving cryptocurrency scams. The police chief advised citizens to invest in crypto only through reputed and long-established players in the field and said coins should not be transferred to unauthorized private wallets. Money can’t be traced back, be careful India police warns
COINBASE:BTCUSD
by BernardMikhail1
SLP/USDT. NOT SCAM! Why you invested and closed deal?Hello everyone, investors and speculators. I want to disassemble the SLP coin. I was painfully tired of this situation, when every 15 year old investor lost his 500 bucks, and begins to shit his unnecessary opinion under every post about the coin. 1. The coin is PLAYING, you DO NOT need to invest in it, and if you have already invested, then you need to accept that the coin is NOT TECHNICAL, ONLY FUNDAMENTAL. It all depends on the developers. And if you believe in the project, you need to come to terms with the expectation of more than half a year. Year. Two. The game develops every day. Games are better than axi - no. It features an online gaming and gaming community that is growing weekly. Only half a year ago there were 200k subscribers on Twitter, now it is 800k. Developers - Axi Infinity, the main AXS / USDT coin. Basic mouthguard - 5.7B. Mouthguard slp - 120M. Which is easier to unpump? SLP or AHS? Of course, SLP. My opinion is that everything has already been done with the AXC coin. I think the developers are planning to pump the SLP, this is a fact. But no one knows when it will be. 2. It's time to understand that there will be NO DELISTA from the stock exchange (binance, kucoin and others)! Enough, please, write this nonsense about delist. Binance coin is traded daily at $ 30M. It used to be $ 80M, but after a recent update, the coin has cut its daily trading by more than 2 times. 3. Holders are growing. +1000 or even more holders per month. Big players with 400M coins each, 300M coins each, etc. Do NOT drain coins. Indicates that the krupnyak holds for a long time, although some of these holders may be an axi command. 4. Axi is the largest game project. MANA and SAND are not even close to the axi cap and the number of communities. I don’t know why they like to compare these projects. 5. A question for reflection. You have invested in a coin, even at 0.3 0.2 0.1 and in this range. The coin fell. There are always drawdowns in investing, and if it were not for investing, you would have placed a stop loss and left the trade a long time ago. So, if you invested in a coin at the above indicated values, what did you expect? Fatty X's in a couple of months? This does not happen, gentlemen. No dough to average? We forget about the deal and sit on a bastard. Nothing ALWAYS falls. All coins fell 90-98% from Hays, Dogi, Shiba, and other projects. Shiba most clearly shows how strong and large we got out of the flat. As for the SLP, we are now in a downward accumulation. Accumulation is not necessarily flat. The lower the price, the easier it is for the big guy to gain their positions with the further purpose of pumping. Another interesting point is that every time the price drops by 2 times, the cap does not drop by the same amount. At 0.15, the cap was 220 million. Now at a price of 0.0350, cap is 110 million. The price fell by 77%, the cap fell by only 50%. And this is normal. 6. All coins are falling now, why should the SLP rise when it already has a downtrend for more than one day? Falling is normal. 7. The most important thing. Don't forget that the market is manipulation. Until the money is shaken out of you, no one will fly to update the ATX. This must be UNDERSTANDED! Only when you do not have the strength to hold, the coin will fly up, and you will start buying on Fomo, thereby helping the coin grow even more. I really like to read all the negative on the trading view and on Twitter. You are very motivating to accumulate more and more. At the moment I am the holder of 500,000 coins. 8. The last thing I want to say is that the more negative you add, the more the price will fall. I also do not see any reason for you to write something in the comments when you have lost money and you hate axi and their project. Meaning? Thank you, I hope that you all understood that everything that was stated above is my opinion. There can be no question of any criticism, and if it does, it will only be reasoned, please.
Long
by Jexly
27
Forex Signals Providers - Scam? Points you should keep an eye onForex Signals Providers - Scam? Points you should keep an eye on before buying. Points: - Trading Strategy - Trade Management / Timing - Risk Management / Risk Rewards - Broker - Result Trading Strategy: Well we never know what these traders are really doing. We may see the analysis but we do not have their rules (Trading Plan). So you would need to understand their Price Action Confirmation and many more. How to act in certain scenarios and which is the best approach in these scenarios in order to get the maximum out of it. As we all know forex is a business of probabilities. With the right approach we can minimize our losses and maximize our wins. This part is completely missing. When price hits SL you do not know why and how to take the counter trade or when you can simply reenter. This is the procedure of evaluation. Trade Management/Timing: We need to catch every single trade in order to make the same profit like them. This may be very difficult. Especially if you are working at your 9-5 job. Signals may be better for full time traders. But full time traders do not need Signals obviously. You can not make time management as you are depending to your Signal Provider. At the end it will be necessary to take it as a 9-5job. Otherwise you will miss too many trades. This should not be your approach as a trader. You need to only attach in certain scenarios this is how you ensure high concentration and you can increase your win rate. Risk Management / Risk Rewards: Here I see the biggest problem. The majority provider use multiple TP Take Profit Levels like TP1 TP2 TP3 TP4. This does not work properly. It is simply an illusion that they make so much percentage. The only thing what they do is pips. But not the real ROI. This is what will gain you the percentages on your trading account and not pips. Of course there is a Risk Management system with pips but there you have big disadvantages as you can not scale your wins. With a percentage method you minimize your risk/losses and you maximize your wins to the fullest. Broker: Every broker has different spreads. Therefore you may not get involved in some positions or you will get stopped out. This point is only important for Signal Services where the SL are super tight. Result: Here the majority are just faking and they are claiming big results. So you need to check it. This is very difficult. You need here proven results. When they will show you their 6th Tp level hit then you know that this Channel is just giving you unreal results Recommendation: What I suggest is to learn Forex by yourself and from others that are already there where you want to be. Join a community with the same goal. The community should not be too big. Otherwise it will be difficult to interact and also the mentors can not really help you individually. You need to commit yourself for at least 3years nonstop in order to really understand how this business works. It is like in any other business or 9to5 job. You will not just start from the beginning and you will understand everything. No you go to the school, seminars, .... It will just take time my friends. But I promise you with CONSISTENCY you will reach it. "Give a man a fish and you feed him for a day teach a man to fish and you feed him for a lifetime" This is my approach for this industry.
COINBASE:BTCUSDEducation
by DariusFxTrading
2