Can Cryptocurrency Fraud be Avoided?

Can Cryptocurrency Fraud be Avoided?

Yes. There has been a lot of stories on the news lately about people having fraud committed against

them. Avoiding this is not as difficult as many believe. Below are some simple ways to keep yourself safe

and thriving.

-Always use Cold Storage.

Many people hold their wealth on an exchange. This is one of the most dangerous things anyone could

ever do. Many people held their Crypto assets on the FTX exchange only to wake up one day and lose

everything in an instance. With Crypto, we have seen that some people can be rich one day and broke

the next. Don’t let a collapsing exchange be the reason for this. Always use cold storage.

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-Always assess the risks

For me, Bitcoin is the most secure crypto asset thus far. This is because it’s decentralized and actually

energy must be exhausted to bring the asset into creation; there is also a limited supply. Many other

assets are just brought into existence by virtue of a great computer coder doing it. Of course, many of

these other crypto assets bring real life utility, but a lot don’t. This is where the term Bitcoin or Shitcoins

comes from.

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-Always Surf the internet securely

Surfing the internet insecurely could cause you to lose everything. As I have said before, I have lost a

great deal of my hard earned crypto. I still don’t know exactly how it happened, but long story short,

some hacked into one of my primary accounts. As a result, I lost BTC, ETH, ADA, LTC, BAT, and a few

others. I had a little nest egg going and somehow someone was able to hack into my accounts and steal

it. If you have a computer designed to keep you safe, this is a total (and literal no shit) gamechanger.

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Can Cryptocurrency be spent on a Debit Card?

They can now! There are a few payment processors now that will allow you to use a Credit or Debit card

to buy your everyday goods and services.

Usually when this happens, this is because you are part of an exchange that will issue you a Visa or

Mastercard that allows you to make purchases. When the purchases are made, the crypto is traded for

native currency, a fee is applied, and the transaction is completed.

This offers many people a great incentive to keep their assets on an exchange. I also always like to keep

a small amount on exchanges in order to use these credit/debit cards.

I will always keep small amounts on exchanges because I like having the option to use crypto to buy

something. I only leave what I am willing to lose though! If you are unwilling to lose something, keep it

off an exchange. An exchange is like a bank, but shit moves much quicker.

For anyone paying attention, banks and especially central banks go under at some point in time. Many

have been lulled into believing that the central banking system will always be there and correctly

functioning. This is not my line of thinking though.

Luckily Meta 1 fixes this situation. Meta 1, which is a crypto asset backed up by physical gold, precious

metals, and many other assets, just released a Mastercard option that allows their users to buy

something and use crypto with the purchase.

When purchases are made, the currencies are automatically changed over from the native currency

to/from the Meta 1.

This offers much amounts of liquidity.

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Are Your Cryptos Safe When using the Internet?

Definitely not. Just surfing the web on a secure WIFI could get you into big trouble. For some people,

losing crypto could be devastating to their portfolio.

Below are a few tips to stay safe and secure.

-Use an ethernet cable when surfing the internet.

Most people never had to connect a hard line in order to surf the internet, but this 1 thing could help

you out greatly. When you are using a WIFI, there is always the possibility that a hacker could hack into

your email, social media, and other personal accounts. Using a hardline ethernet cable can eliminate this

particular attach. This has happened to me a few times.

-Use a VPN.

This is another thing that would make it difficult for hackers and nosey clowns from illegally hacking

into your personal accounts. One of my favorite VPNs I like to use is the Proton VPN. This typically comes

with a free VPN and a free email service that uses encrypted technology. Be careful though, if you lose

your password, it’s like losing you key phrases to your crypto currencies (they’re gone). I was able to get

into my account after losing the password, but I was unable to view any email I had prior to recovering

my password.

-Get a Custom Laptop

There are some laptops that are designed to keep you safe and anonymous from people that want to

steal your information. Most of the time, if you purchase a normal laptop, these are designed to

function in a way that make you vulnerable to hackers. This is usually because of the rules that support

government oversight. Unfortunately, these oversights come with great set-backs that leave YOU

vulnerable. The Liberty and Crypto Laptop solves this issue by creating you a custom solution specifically designed

to keep YOU safe from anyone that wants to cause you harm.

I never surf the internet unless I know I’m secure.

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Will Crypto Survive the Big Drop?

For me it seems obvious that Crypto will only become more and more prominent. So, for me, the answer is abso-fuckin-lutly YES! I don’t feel like a true pioneer like some of the greats out there, but I do feel like I have more than plenty experience to say that we will rise as we always do!

Probably more users today!

These drops are part of the game and reason why people like me and you can become wealthy and more financially stable.

There is no doubt in my mind that the market will explode in ways that we have not yet seen. Many people think this sounds crazy, but for me, this isn’t my first rodeo! This is what Crypto does! It goes up and it goes down, some cryptos take shits, and some cryptos kill it! This all works on a cycle just like the rest of the economy.

I can say from experience that in the past, I believed in my heart many times that crypto is over. After being around for so long, I realize that this situation is like how nature operates. There are ups and there are downs no matter how you see it. There will always be a spring, summer, autumn, and winter, same applies to crypto and the rest of the economy.

This pattern happens ever time and the general public still can’t see it.

Many of the most intelligent people out there prefer to look at a bear market and see a time to build their wealth. Unfortunately, we have many toe dippers and get rich quick people that get in and liquidate the first second shit looks scary.

When it comes to crypto, only buy if you have the intent to hold on for a minimum of 2 years (my personal opinion), and you will be happy about your decision.

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Should I Buy Terra Luna?

This is the perfect time to ask! As many know, Terra Luna has dropped significantly over the past couple weeks. I think it dropped somewhere around like 99.9999%. Many people lost big time. The last I heard Luna was trading at $120 per coin on its peak. It dropped to small fractions of a penny. This was very unfortunate for may people. This is why I always suggest to only invest in things you believe in long-term, this could be a small bump in the road in the grand scheme of things; this could also be the death of the coin. Time will tell what happened.

From what I understand, one of the reasons why this happened was partially the result of what is going on with the market as a whole, which was a wonderful swan dive into the asphalt. Just another day in the Crypto space. The other contributing factor was that the people in charge of Luna tried to recover some of the problems by selling off over 80,000+ Bitcoins. This ended up creating a death spiral. Many of the holders got out very quickly. I’m sure there were more factors involved, this is just what I have heard over the past few days.

Even though all of this happened, I decided to buy a little. Just enough to be around the same price as a night out on the town. For me staying home a few nights instead of taking the family out to a nice dinner was worth the risk. At this point if it drops, I lost almost nothing. On the upside, if it goes to 1% of what it was before the crash, I can now pay off my house and then some!

If you want Terra Luna, you can find it on the Trust Wallet. That’s where I got mine.

If you would like to invest in a coin that is backed up by physical assets like gold and precious metals and you want to never experience what has happened to Terra Luna by losing significant value over night, then you might want to check out Meta 1 Coin. I have only gained in value over the past few months while all the others lost big.

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Is 20K a Good Price for Bitcoin?

Depends on who you ask. As of today (May 12, 2022) it looks like Bitcoin might go that low. It looks like around $28K right now. I am pretty shocked that it has went this low. I did not see this coming. Either this is the last we have seen of Bitcoin and Cryptocurrency, or central banks are pulling their last-ditch efforts to get people to stay away from the future.

It’s like a roller coaster ride!

Although I don’t think it will go down to $20K or below, I never hold my breath on what the market will do. For me, I’ll never stop buying Bitcoin no matter how much it’s worth. I feel like we haven’t seen anything yet.

I’ll always be long-term bullish!

As more countries decide to adopt Bitcoin as a legal tender, more people will use it as a medium of exchange. Sooner or later, you will be able to travel the world and Bitcoin might be the chosen currency of the local people.

Most people when they see massive drops like this, they get scared and sell out. This is an incredibly sad situation to see, but I never feel sorry for people like this. This is why only some people get rich with Crypto; only very few have the nerves and vision to buy when everyone else is too afraid to or sell when everyone else wants to buy.

Makes no sense I know!

The price will never matter to me. When the market drops, I get ravenous to buy (hell I even work extra hours and find extra side gigs when it happens!) and when the market is up, I treat myself a little bit.

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Should I Feel Safe During Crypto Bull Markets?

When it comes to Crypto, you should never feel safe! I think when you feel safe you become complacent. This goes for anything in life not just Cryptos. Many of the biggest mistakes I made where always during Bull Markets. Many times, when a Bull Market came around, I had erroneously believed that they would only be going up from here. I make a trade then boom! The market drops and sits there laughing at me for months! Yeah, this happens all the time.

After many of these roller coaster rides, I just do my thang and I buy when I can. I don’t even look at the markets much anymore. When dips come around, they usually hit rock bottom when I hear about them. This has made my life a lot more stress free. I just buy and hold knowing that I don’t want to touch any of it for a few years. This gives me a certainty in my heart that I will succeed in the grand scheme of things.

One thing I may consider doing is putting my Crypto into a stable coin while we are in a Bull Market. It just sucks when it goes higher after you traded.

As far as I am concerned, overall, the market has shown to be Bullish and will continue to be Bullish over time. History will prove itself in the future!

When you enjoy the Bull Market be sure YOUR Cryptos are safe an out of reach of new age criminals that would love nothing more than to ride YOUR Crypto wallet like a 2-cent floozy for rent at the house of ill repute! Take YOUR Cryptos Currencies/Assets offline and in keep them in YOUR possession.

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Take YOUR Cryptos offline, Click Here!

Should I Worry During Crypto Bear Markets?

At this point, anyone that is familiar with Crypto or Bitcoin in particular, then you know the value can be very volatile. A lot of times what happens is people buy in on Cryptos and then the value drops hard, and they get scared, and they turn their Cryptos back into fiat. Then 2 years later they realize that they should have just left the Crypto alone! Unfortunately, this is the same story you will hear time and time again from so many people. Don’t be one of these!

When you decide to invest into Cryptocurrency or other Crypto Assets, be in it for the long haul! If you really want to succeed, this is what you do. Any amount of money you can set aside and go without, that’s what you use to buy it with. I only buy with the intent to hold for at least 2 years. This has worked very well for me.

Many people think that this particular bear market that they are currently in will be the end of Bitcoin or Cryptocurrency in general. Of course, like any other horrible storm, the sun comes out again and everything ends up being awesome again.

This has been my experience. Be sure to keep calm and weather the storm when the markets hit rock bottom. Just know they always pop back up, it’s been over 14 years that we have been at this. Cryptos aren’t going anywhere!

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Should I HODL During the Crypto Dips?

This should go without saying. As far as I am concerned, THIS IS WHEN YOU HODL!

This is how it goes!

When the price goes up, it’s almost like you can’t call it HODLing anymore, because you are no longer hanging on for dear life. It’s when the price drops sharply and goes up and down, then it drops only to sit there very still for a year. Then when you finally decide to sell after holding on tightly for over a year, then the Crypto explodes sky high!

Yeah, been through it many times. Many times! Each time feel like an acid trip that causes me to question everything I believe, and I grasp at anything I can call real. Each cycle brings a lot of wisdom. You get to try again and again. Sometimes you too will think this is the end! Or you will think It’s only going to go up from here. This is why they call it holding on for dear life.

Think long-term

After being put through the ringer so many times and losing out and also hitting home runs, I just HODL. When dips come, I buy. Maybe not a lot, maybe one or two hundred anytime I have a few extra bucks. When I feel like it’s a little bit high in value, I might spend a little on a weekend vacation.

When you HODL during the dips be sure to keep your Cryptos offline and out of the reach of would-be thieves. Take YOUR Cryptos offline now, Click Here!

When you HODL keep them safe, Click Here!

Should I Buy the Cryptocurrency Dips?

Each person must come to this decision on their own, but I always buy the dips… Always!

One of the biggest problems with buying the dips is that you never know how low the Cryptos will go. There is no telling when they will go up or when they will go down. This can be exciting and grueling. Many time you will by a dip only for the value to dip again and again and again. There will also be many times when you think you will wait for the price to keep dipping and boom! You never see that Crypto at that lovely price ever again.

This is why you must ask yourself how you feel about it. For me I just buy no matter what the value is at. If I feel like the price is low then I tend to buy more, but if I feel like the Cryptos are valued high then I might buy Stable coins instead.

I really don’t think that there are any people that can tell you with absolute certainty that the value will go up or down. Because of this I don’t think it is a good idea to push people to buy dips. All I can do is share what I do, which is buy the dips!

When you decide to buy the dips be sure to keep them safe and offline away from people that want to steal them. Get started now, Click Here!

Keep YOUR Bitcoin and Cryptos safe and offline, Click Here!