Don't put too much money in BTC trading platforms!

[Dolpharius 675]

23 hours ago, armor said:

Sometimes we make mistake and leave trace that will attract hackers, so we do learn day to day

when you do this you won’t even be able to understand that something went wrong and a virus has penetrated your computer with the help of which your information will be on the surface

[Dolpharius 675]

14 hours ago, wilbertson said:

But why go through all that trouble if you know the law will haunt you, just like what's happening with cryptopia.

what do you mean why? so that there is a limit on withdrawals and now all exchanges have introduced mandatory verification - this is for the state so that we are all under control and tax.

[Harris123 281]

Yeah i agree with you.Putting too much money is dangerous.Although you can earn big profit but there are chances that you can also loose your money in a great amount.

[febriyana 934]

Yes that is right, that is why i not really put much Bitcoin in trading platform. Because i know no any guarantee from exchanges about our fund. Hacker is have sure always find the way to hack the website. If the website get hacked so what you think your fund will lost there.

[Man 741]

2 hours ago, febriyana said:

Yes that is right, that is why i not really put much Bitcoin in trading platform. Because i know no any guarantee from exchanges about our fund. Hacker is have sure always find the way to hack the website. If the website get hacked so what you think your fund will lost there.

it is not advisable to keep all your assets in an exchange wallet. because as you say, hackers always have a way to commit a crime. For example, if your funds are lost, there is a possibility that there are 2 if they are not replaced or completely lost

[Ummita 303]

You are right about that no one knows when some exchange and trading site closed, some close unannounced which is not good. 

[Syedbesharat 5423]

On 10/16/2019 at 3:45 AM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

Very good advice.I place few coins and dollars at my trading account.If needed more i deposit in it.It best to play safe on exchange i have lost my 500 XRP on an exchange now  they are giving me back.

[scorpiali 5626]

On 10/16/2019 at 12:45 AM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

In my strategy I never put all my bitcoin capital in one exchange every one has some because of security . And bitcoin is the most important to have the majority of my coins, the bitcoin is more than 60% 

[Mandoy01 1196]

It is common sense that exchanges are not safe to keep your coins. Instead of saving it in the exchange wallets its better to keep it on your own wallet where the only person who knows the private key is you. Exchanges are also prone to hacking and other exchange would claim being hacked to cover up the inside job. In the end it is much safer to keep your own coins in your own wallet.

[Goody28 259]

This is true we should not put all our coins on BTC trading if there's a fall in price we tend to lose all our investments so I will advice you scatter the coins into different investments

[scorpiali 5626]

5 hours ago, wilbertson said:

What do you mean by bitcoin is more than 60% so you give it much security?

I mean all my capital in all Crypto currency

60% bitcoin

20% ethereum

20% other Crypto currency

And for bitcoin It's very important to have it because it's the leader 

[Goody28 259]

Don't put too much funds in trading the cryptomarket can go down any day so just invest what you can afford to lose

[scorpiali 5626]

2 hours ago, wilbertson said:

Oh okay, but then is there a problem for ether go have much higher market cap and been the leader?

I don't think it was any problems with the market

[Naga 1250]

i think i made this mistake once and i lost a lot of money in cryptopia when it got hacked and from that day on i only divide my money between exchanges unless its a big trusted exchange like binance and yobit

[Whydoyoucare 1094]

Yes, dont put all your money in bitcoin. because you dont know what is gonna happen. so only invest what you can afford and dont put all your money in just one basket.

[Zeyazan 204]

Hello friend Yes, you're right.The most likely thing is not to invest your entire money in one place.Or in one currency.It's about distributing your money in more than one or more places.

[aktarwasim243 0]

Thank you for the informative article. You are clear my all doubts about crypto trading through this amazing article.  I think the future of the crypto currency is very bright.  Thanks a lot for the advice. 

[Jaysen0104 536]

yes specially to mining its just a waste of time lost all of my money in mining btc but i didn't even got my money back so i don't believe in trading or mining. All i believe is cryptotalk because here they will pay you instantly.

[scorpiali 5626]

16 hours ago, wilbertson said:

Did you get my question? I was asking if there would have been a problem with ETH taking BTC's place.

Oh yeah i see, well i don't think so Never Ethereum can take the place of Bitcoin, and if that's happen that means that bitcoin was die and that it's not possible now 

[scorpiali 5626]

16 hours ago, wilbertson said:

It is not necessarily that bitcoin will die if it gets replaced, and also ether has a potential for beating bitcoin.

May be that, but i really don't think so, if the Ethereum take the bitcoin place that's mean for me in my opinion that the bitcoin is die like bitconnect and more Coins

[ram007 391]

your right,we must used a wallet when we want to store our crypto to keep it safe,dont trust exchanger because we will never know what can happen. securities must be our priority to avoid unwanted happenings.

[scorpiali 5626]

1 hour ago, wilbertson said:

Bitconnect is a whole different story you can not compare it with the actual Bitcoin.

Yes of course , when we have a problems everything is different and all we said bitcoin It was different, it's like that all the time 

[scorpiali 5626]

5 hours ago, wilbertson said:

By bitconnect been different i do not mean it like that, i mean on the fact that it was only making promise that people had to hope for, bitcoin did not come with promises it came with actions.

Yes bitcoin have more actions than bitconnect and hope more actions

[scorpiali 5626]

12 hours ago, wilbertson said:

Your do know that bitconnect was a long run scam schemes that hitted the cryptocurrency world, right?

I read a lot of articles about bitconnect and all talk about that , but personally if this Coin don't fall down we can't see any articles like that and every thing can be good, so really i don't know

[scorpiali 5626]

13 minutes ago, axbrit said:

Not honest last however the major fear here is hacking . What in case they're attending to get hacked someday ? Nevertheless , its verify to keep cash on a verry trusted exchange or those which might be widely known proper currently ( e.G binance , houbi ,kukcoin ,and so forth ) considering the fact that those trades have a excellent safety and programmers cant enter effects . Additionally they furthermore have cash lower back make sure or discounts . One illustration is binance  . Thats why we shouldnt be afraid  . Its affirm to thrust risk because crypto contributing is as of now dangerous .

Yes it's really a dangerous world of Crypto we can expect everything , I hope we don't fall in this case at all