source
Are you prepared for the next bull run to happen?
If your crypto goes to 10X or 100X its original value it would imply the $1 worth of crypto you hold would become $10 on a 10X valuation and would be $100 on a 100X appreciation.
Is this a reason to be happy or concerned
I would say both!
Imagine a crypto boom scenario:
Today the crypto that you hold in an online wallet or leave it on an exchange would become worth ten or hundred times its value.
This also means that numerous people or shall I say con men are devising ways to scam you of your new found wealth.
The internet brings you face to face with the scammers
With the advent of the internet there have been schemes floating around for a long time to help you get rid of your hard earned money from an tribal prince who wants you to have all his riches to a helpless widow who wants to leave her wealth to you the internet is full of such baits and scams.
Over the years the scammers are only getting smarter and are continuously devising new ways to scam you.
The risk is much more with crypto
With fiat money you need to send out your money via a cheque, wire transfer or electronic transfer via a bank or an intermediary and requires some work and leaves some trails which may be traceable however losing digital money and crypto is that much more easier.
Losing crypto is easier than losing fiat money
It is easy to lose and hard to trace crypto as at the end of the day crypto is a code which may or may not be traceable to a real identity.
Theoretically speaking even if you were trace the scammer halfway around the world there is no universal law of the land that could convict the culprit or get your money back.
The way out : Let us keep our crypto secure
I am not one of those guys predicting a bleak future trying to sell you an insurance policy. Rather the idea is to forewarn you and help you store and handle your crypto money more securely.
Remember Not your keys not your crypto
If not trading get your crypto off the exchange and onto your wallet.
Keep your crypto secure offline on a hard ware wallet like a ledger wallet.
Hardware wallets come in many specifications to suit your needs and are the best way to keep your crypto secure and it is like your personal vault that you can store in a safe place.
You connect to your wallet only when you want to send out the crypto transaction.
For incoming transactions you can simply observe the incoming transactions via a blockchain explorer without risking your crypto.
Offline storage is better
If you are using wallets like the MEW wallet opt for the offline wallet so your crypto is not exposed to the internet.
Deploy extra software safety
Use chrome extensions that warn you against malicious sites. Some of these
extensions are
MEW CX
EAL
PhishFort
Cryptonite
Be vary of clicking links from unverified sources
Links in unsolicited emails, forums and social media chats can be dangerous.Think of them as stepping on a live bomb. You click them and you crypto could be stolen boom.
Always keep your antivirus and firewalls up and updated
Never share your private keys
A lot of scams lure you with get rich quick schemes or airdrops that need you to send out your private keys in the name of validation.
If someone asks for your private key think of it as a potential scam
Look out for Phishing attempts
Scammers create URL's very similar to the site URL's of authentic sites with the attempt to swindle your money so always double check the site URL
Do your own research before you invest
Before investing in any financial scheme or ICO do your research. Look up the internet and google about the project.
Check its reputation on sites like bitcointalk.org
Protect yourself from FOMO
Fear Of Missing Out or FOMO is something we need to be vary about as there are opportunities happening all the time in the crypto space. There is nothing like "This is the last boat"
Remember till there is life there would be opportunities.
If you are interested in earning some extra income
Easy free Crypto money site method even grandma can do
Or wanna try your luck?
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- As a long term supporter of project hope I am sharing 25% of the earning of this
post with @ph-fund that helps sustain the community economy
Hi @thetimetravelerz
Some people share them through Whatsapp, they keep them in the mail, as if it were something very safe.
There are many details to consider in terms of security, for me it is something very s There are many details to consider in terms of security, for me it is something very serious.
A lot of good data you provide.
Hi @josevas217
Thank you so much for your positive words.
Your encouragement makes me work harder to produce more content
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