Bitcoin Forum
Bitcoin => Bitcoin discussion => Bitcoin tutorials => Topic started by: bitcoinforum.com on January 22, 2018, 03:39:21 PM
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Jameson Lopp (https://twitter.com/lopp) (19/Nov/2017 (https://twitter.com/lopp/status/932350908461133825))
Welcome to Bitcoin, newcomers! Here's your FAQ:
Q: Who should I trust?
A: Nobody.
Q: When should I sell?
A: Never.
Q: Is Bitcoin dying because ____?
A: No.
Q: What have I gotten myself into?
A: Nobody knows.
Q: How do I learn more?
A: https://lopp.net/bitcoin.html (https://lopp.net/bitcoin.html)
Source: https://twitter.com/lopp/status/932350908461133825 (https://twitter.com/lopp/status/932350908461133825)
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I would also add an important piece of advice:
"Less nervous and do not give in to panic"
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I should trust no one
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in God we trust
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I completely agree with the opinion not to trust anyone but yourself. This rule especially concerns various financial operations and trading.
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I understand that this advice is meant to be cynical but it's getting to the gist of it. Like in any kind of economic situation, you are forced to make your own decisions - but you can learn where to look for information.
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in God we trust
I dont....better trust your mom or dad...they are at least real ;)
Since I am quite new in the cryptocurrency world (compared to others) I realize that the security factor is as important or maybe more important than making good decisions in where to invest or not...
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hm, it's nice. thank you for it
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Trust your guts but should be based on valid information and analysis of financial and trade situations.
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Trust no one. They all have vested interests. Trust your decisions but be sure before even doing something big when doing bitcoin, do not spend more of what you're not prepared to lose.
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the only one u can trust - yourself! But u may trust and CHECK everything you trust. dont neglect to check the idea of project. and it will feel like you invest in gaming business buying pkt
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Wallet security is the worst issue faced by the cryptocurrency traders as there are a lot of hackers which always keep an eye on snatching and stealing your coins. You can not trust anybody on the money markets including cryptocurrencies. Am I right folks!
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You are strictly advised to trust nobody on the money markets inculding cryptocurrency market. You have to trust the one who has good market vlaues and reputation whether he is a trader or a platform. Stay safe and be wise!
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I am convinced u should not trust anyone in crypto sphere (me included) bc everyone tries you to get their bags
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That's a good one. In crypto world, nobody is to be trusted.
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A good post for the newbies to the crypto world. Yes, I agree with the fact that you can not trust anybody on the money market. You have to stay sharp all the time for keeping yourself safe from any kind of scam. You also need to keep learning as much as possible for gaining profits.
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That's a good one. In crypto world, nobody is to be trusted.
but yourself
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I would also add an important piece of advice:
"Less nervous and do not give in to panic"
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I will say in simple words, you just not need to trust ANYONE. If you do then you are absolutely fooling around. It is incredibly necessary to just follow the trend and do whatever you are comfortable with.
I just follow the stuff happening in the Crypto space and rest is all manageable. The current thing of notice is around Binance as they released the demo of decentralized exchange (https://www.asiacryptotoday.com/binance-demo-of-decentralized-exchange/). So these are the things to look at.
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I agree with all this FAQ and it's answers. These are the most important things to always put in mind wherever you are, whatever you do. That's why "trust" is valuable these days. We can't just trust anybody right away. It must be gained with patience. Always DYOR.
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I would also add an important piece of advice:
"Less nervous and do not give in to panic"
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but what if it's a free bitcoin giveaway...? lol
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Yes trust no one, but sometimes taking a risk is a bang! My crypto friend introduce MyShield to me and so far I can say that this project is worth trusting for.
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That's it. Nothing we can found in his/her merit history. That's actually normal and understandable if 100 merits was allocated due to the account rank (maybe Full member), but I don't think someone wanted to delete all historical posts to drop account rank to Newbie. Sounds mad. Should delete gradually if he/she want to do this.
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in God we trust!
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You can only trust yourself. You can never rely on anyone, especially when it comes to money.
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I would also add an important piece of advice:
"Less nervous and do not give in to panic"
You know, sometimes we can't avoid these feelings especially when things are not going well. But we can't help but remain calm as our funds depends on it.
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yeah, in this business it's better and safer to trust no one
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Q: When should I sell?
A: Never.
That's a dubious one.
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I agree, in the crypto world, nobody is to be trusted.
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nice faq :)
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I would also add an important piece of advice:
"Less nervous and do not give in to panic"
I would add: "A Calm and a reasonable breaks all the waves"
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nice faq :)
very nice faq
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I completely agree with the opinion not to trust anyone but yourself. This rule especially concerns various financial operations and trading.
100%! Sometimes I don't trust even myself. Especially when it comes to passwords and access! :-X
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My advice is not to trust anyone and to look for genuine forums like this one where people aren't just posting affiliate links.
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do not trust, do not fear, do not ask
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Just believe in yourself! ;)
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In crypto world, nobody is to be trusted.
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I agree, in the crypto world, nobody is to be trusted.
you are right
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We have to be vigilant always and everywhere, not only in crypto sphere:)
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Nobody is to be trusted all around the world. There is only you and your goals.
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Nobody is to be trusted all around the world. There is only you and your goals.
What a pessimistic point of view, you guys, have got
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also :
remove emotions from your trading and or investment, or else you will panic too much and lose everything
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also :
remove emotions from your trading and or investment, or else you will panic too much and lose everything
Absolutely agree. Emotions can cause real troubles
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My advice is not to trust anyone and to look for genuine forums like this one where people aren't just posting affiliate links.
I agree. Very good advice.
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Yes, I agree that not only in cryptocurrency market but in all of your businesses it's good to trust yourself, your wisdom, knowledge and experience
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Jameson Lopp (https://twitter.com/lopp) (19/Nov/2017 (https://twitter.com/lopp/status/932350908461133825))
Source: https://twitter.com/lopp/status/932350908461133825 (https://twitter.com/lopp/status/932350908461133825)
We have written Article about this Click below to check
https://shuftipro.com/blogs/cryptocurrency-scams-checklist-for-protection-shufti-pro/ (https://shuftipro.com/blogs/cryptocurrency-scams-checklist-for-protection-shufti-pro/)
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I agree, in the crypto world, nobody is to be trusted.
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I would also add an important piece of advice:
"Less nervous and do not give in to panic"
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Trust only your own experience in this area.
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in God we trust
When it comes to my wallet, i don't think i might trust even Him ;d
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This is a huge cryptocurrency problem. If they steal it from you, no one will help you. After all, this is not the gov. money. For the goverment, it is like a toy of monopoly money. From here and all the problems with the trust. There are no guarantees that you will get something, give it away, change it for cryptocurrency.
Therefore, no one trusts anyone. It is terrible to realize that when complete freedom is equal to complete impunity.
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I will definitely keep these FAQs in mind.
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well, i don't think just because its crypto you can't trust anyone. one should be cautious at all times, i agree, but not trusting will never benefit. some of them are actually genuine. i always keep my guard up, but not de-trusting all time.
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I do not agree that you should never sell. From 20,000 it was very necessary to sell. Yes, and now you can sell. Bitcoin did not show uniform stable growth in price.
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I agree, in the crypto world, nobody is to be trusted.
Agreed, this place has lots of scammers, one has to be quite careful.
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When you don’t know what to do with your bitcoin, its better to hodl. Its surely going to jump manifold in future.
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When you don’t know what to do with your bitcoin, its better to hodl. Its surely going to jump manifold in future.
Well yes, everyone thinks and expects the same for bitcoin’s future.
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Those were good advice. If you're a newbie, never really trust anyone as you're prone to being scammed.
HODLing will be the best thing you can do while you're on the learning process especially if have you have is BTC.
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That's a good one. In crypto world, nobody is to be trusted.
Agreed!
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i think it's better to trust your own instincts.
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These are very basic yet very good rules to follow. Do not trust anyone but yourself.
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The most intelligent FAQ I've ever read about Bitcoin. Brief, neat, efficient.
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Well, as I've understood, we should trust no one, for sure...
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This advice makes thinking, that there are no decent people in crypto, and as a conclusion - I shouldn't trust to crypto. What a sad thing:(
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Some respected analyst make good predictions, so why don't we listen to them when we are inexperienced?
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People always think they know best, unfortunately.
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Bitcoin community is for those who are into bitcoin for a while and have a decent amount of experience to share with the community for best guidance in this era of information.
As a Newbie First you must gain knowledge about Cryptocurrencies, knowledge is endless but searching right kind of knowledge from the right source is necessary, Learn the basics about cryptos what are they, how they work, trusted platforms for exchange, companies exchange rate on trading as well on withdrawals, payments methods, type of security they are providing, look into their policies, TnC and other details.
All the above comments are right, trust no one but you have to be knowledgeable enough to trust yourself. Trading is fun when understood properly and the same goes for life. Also, Make sure to be in touch with these kinds of forums, it helps a lot in gaining experience about the trading market.
Have a safe and secure trade- Shiftal
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Thanks for the advices.
The main thing is not to trust anyone and check everyone with whom you want to conclude any deal.
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I would say trust no one. Do your own due dilligence. You need to read alot and have time in the market. There is no shortcuts.
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You should only trust in yourself, your own power!
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Guys, you should watch out for shady projects around. They promise amazing ROI, but in fact that's a scam. Example - Bitcoin Profit, Bitcoin Era and few more.
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Thanks for the briefing))
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Very interesting and humourous briefing! Thanks!
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Hello, guys! And don't play any bitcoin casino's!
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Hello, guys! And don't play any bitcoin casino's!
Why? Have you had any bad experience with that?
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Is there a way to connect your dollar currency debit card to the purchase of bitcoin by viewing a bitcoin transaction record?
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Simple FAQ's but meaty!
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There’s a fraudster who had been going about in the guise of wanting to help people “mix” their cryptocurrency using his platform; mycryptomixer,com/ and then vanishing with it... He uses the advantage of anonymity to shield his animosity and unsuspecting individuals who want to be discreet about their transactions fall victim by using the platform...So far he has made away with 13 bitcoins and counting!! Do the maths!!![/size][/size]
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Good answers to the questions! I mean the first 4 =)
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As a newbie that has already fallen prey to the thieves. I would say: yes, do not trust anyone. There are a thousand groups in telegram and other chat sites. they will not provide you with any valuable information, though you can learn about new coins and a few tidbits that might prove to be interesting.
Additionally, do not trust anyone who "volunteers" trading information or investing information or even learning resources.
Do not invest in any site that does not have at the very least some minimal level of security. If you do not *need* to create an account to start trading, do not trade or invest. There are a handful of sites that have high security measures in their sites and their wallets. search in those. trade in those.
and pretty much like in real life. If a "news" sounds too good to be true, then it probably is.
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The crypto space is ripe for scams given the irreversibility of transactions and general lack of regulation. Trusting any individual in the space would be foolish however there are reputable organizations providing crypto related services that have been around for a while and can be trusted like Swan Bitcoin or BlockFi.
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Thanks for the newfound trust issues lol, good advice.
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It's the wild west unfortunately so I don't trust anyone. Dabbled with some HYIPs but gone into them with my eyes open knowing they will scam out so aimed to get in and get out early. Made some money doing that but best to avoid them really. More stress than they are worth.
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Trusting in God and trusting in myself
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You got me interested. Thank you for taking the time to share information.
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What I know for sure is that I'll never share my wallet with anybody else. And I think even though it's quite sad, y'all guys are right - never trust anybody but youerself :-X
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Trust yourself
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I completely agree with the opinion not to trust anyone but yourself.
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Don’t trust anybody unless you know them, then you can make that decision
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Don't trust anyone, trust smart contract.
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trusted / im bored