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Protecting your crypto

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Security is a very essential tool that we must not joke with. If you have crypto then the safety of your coins should be your number one priority. Then you should now seek for ways to make your coins grow and make profits.

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This is  a good information for newbie in  crypto world as most of the newbie  do not understand which wallet or where their funds should be stored so in this case your post is really helpful for them without any doubt.. Though still lot of newbie prefer to use coinbase  exchange site wallet as  they think it is the only wallet to store up their currency overall..

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As for me, I keep my cryptocurrencies in a Trust wallet because I cannot afford the cost of device wallets, but these tips that you give us are very useful for beginners and I want to advise them to stay away from public Wi-Fi networks, as it may be the reason for penetrating their wallets because of the presence of thieves connected to it


 

 

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Yes, we have to maintain well what we collect from the currencies. When putting what we have in the wallet, we must store the passwords for the wallet in many safe places for fear of losing it or damaging it because it is not possible to simply return it.

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Muchas gracias por este post querido amigo, eres lo mas importante en el foro porque entra mucha gente y lo que mas importa es tener su dinero seguro, para esto es que estamos en el foro para dar valor tanto en la seguridad de tu criptomonedas, así como para evitar estafas. Si eres novato te recomiendo que estudies a fondo el foro te prometo que te ahorrarás muchos malos ratos. 

 

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Learning full information about Cryptocurrency and scammers we should avoid scammers and then follow all the instructions given by this post.

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For two years I have been saving my coins in my own wallet, I put a very strong security code on the wallet and codes that are difficult to decipher. I also make sure to ignore unknown addresses, especially from people I do not know. Likewise, it is with regard to strange sites and I do not respond to messages from unknown people. 

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Fraud is more likely to occur than crypto theft. Because if a user keeps crypto according to the rules, it will be very difficult for any hacker to recognize it.But if the trap of cheating by communicating through telegrams is thin, we have to be careful. If someone shows greed, you cannot agree with them

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Yes I agree to you my friend, please keep our crypto to avoid scammers and hackers, don’t give your all account in someone, just keep it by yourself, don’t trust to anyone.

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On 10/17/2019 at 5:05 AM, Thekingcallme said:

I keep my currencies in an online wallet and have activated the dual security system
Everything is going well and I haven't had any problems in 3 years

Just like you, I also use an online wallet with double keys activated. I've been using it for a few years, it's still very safe and haven't encountered any problems. Indeed, the safest is to use an offline wallet but it is difficult to do if we transact frequently, because every time we enter a trade it takes a fast time to be able to transact. Using an offline wallet can take a long time.

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Keeping my online wallet with 2fa enabled. That is my first method. But when I'm on my ether wallet, I use my physical credentials stored on a flash drive to make my acount more secure an and not prone at least for hackers. 

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On the off chance that you can contribute a huge number of dollars, so remember to put resources into your own PC's security. It will cost you under 30 o 50 bucks to have extra security.

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Hello dear friend, thanks for your important post how to protect our crypto asset, I say we have to set 2fa security to our wallet or exchange, also we have to verify ico project because most of the ico project are scam, that's how we  can protect our crypto asset.

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Here is where our priority should be when we start learning about cryptocurrencies, the truth is that many times people do not do things out of fear, so we must inform them about the security they should have when investing in cryptocurrencies, we have many ways to have our wallets very safe, the important thing about these posts is the value they add.

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Never keep your coins in an online wallet or online devices. I personally use paper wallets and hardware wallets. I have a Trezor hardware wallet. if you looking for safety So you should buy it. This hardware wallet supports many coins and tokens.

 

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This is a very good observation and a successful tips that will help other member from losing there Crypto asset well in my own case I store my crypto in an online wallet which is saved and is well trusted.

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I have a similar opinion to yours but i see you are more securely than me but that is right cause there are many scammers and we should be careful everytime.

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Yes it is very good idea for one to protect his or her crypto currency because account in order not to be e a victim of scammers and hackers so we needs to be very careful and take note on sharing our details with people we don't know

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Of course, there are many scams in this field, and we have to be careful, especially beginners, because they do not have sufficient experience and therefore they will be easy prey. We have to keep our digital currencies in very safe wallets and that we do not trust anyone who offers us any offer was

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18 minutes ago, Etudaye1 said:

Don't fall for scams, if something is too good to be true in crypto it definitely is. Promises of free money, generators, incredible miners from no names that are way better than industry standards. It's all the same thing.

@Etudaye1 That is why it is important to take knowledge in the world of cryptos, that gives us the strength to be safe from attacks that occur very often in this ecosystem, there are scammers everywhere, the important thing is to be able to have the ability to detect them and stay away from them, be aware is something that we must keep in mind all the time, greetings.

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Incredible advice partner, you have a lot of truth in your words and that is why I tell you that all the advice that you gave I am taking into account for a long time by my own means and losses that I had, but by seeing that you share this information you will help To many new people on this platform, you are explaining what it cost many of us to learn and we learned it the hard way, but thanks for sharing your knowledge on this wonderful site, you are great and you will have a lot of success partner.

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The protection in the world of crypto is one of the most important topics and must warn people, especially novices about these important points to protect themselves from theft and hacking. It is true the conditions of security are improving day by day. but also the pirates are also developing new methods for infiltrating this crypto-currency field. So be mindful and it cannot be gone.

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Thank you for this useful topic. Keep in mind that the safest way for holding your crypto for a long time is storing them in a hardware wallet. We must be more careful about fake invesment and fake news, stay safe buddy. Promises of free money, generators, incredible miners from no names that are sorts of scammers . Don't forget to invest in your own computer's security.

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thank you so much for sharing this useful information with us my friend I want to tell you that first of all you should to set the high security of your wallet that is very beneficial to secure your account because there are many scammers in these days

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Thank you mate for this wonderful post I really appreciate you that you are trying to keep safe other family members of cripto , I am new here and many of the members I found here are really helping they try to help and guide others and specially newbies ,I will try to follow all these instructions to keep my cripto save.

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    • CryptoNews of the Week     – On Monday, 24th June, for the first time since 3rd May, the price of bitcoin fell below $60,000, reaching $58,468 at one point. Ethereum, meanwhile, dropped below $3,250. “The market is struggling to digest large sales,” Bloomberg quoted Caroline Mauron, head of Orbit Markets. Although it is difficult to pinpoint the exact source of the current selling pressure, several contributing factors can be identified. The issues in the crypto market reflect the overall instability in global financial markets and uncertainty regarding monetary and regulatory policies in several leading countries, particularly China and the USA. Moreover, in mid-June, the German government began selling a large quantity of bitcoin (approximately 50,000 BTC) that was confiscated in January. Bearish sentiments intensified following reports of imminent payments of about 140,000 BTC to creditors of the bankrupt crypto exchange Mt. Gox, which are set to begin in July. Popular trader Bob Loukas believes that in anticipation of this event, the flagship crypto asset’s prices reached their lowest level in the last eight weeks yesterday. Additionally, it became known that bitcoin miners' reserves reached a 14-year low as they were forced to sell a significant amount of coins to cover operational expenses due to the halving.   – In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, with major market participants slowing their activity in the derivatives market, further creating downward pressure. According to 10x Research, throughout the past week, US spot BTC-ETFs recorded investor outflows, with net outflows exceeding $105 million on 21st June. Earlier, Ki Young Ju, CEO of the investment company CryptoQuant, calculated that over the past two weeks, bitcoin whales and miners reduced their positions on over-the-counter platforms by $1.2 billion. 10x Research analysts believe that bitcoin will now need to find a new price range to stabilize the fall and then look for growth catalysts. In the medium term, according to 10x Research analysts, BTC is unlikely to return above $70,000.  It should be noted that according to JPMorgan analysts, the cost of bitcoin mining is $53,000. This support could become the lower boundary of the price range. However, back in March, JPMorgan did not rule out that after the April halving, bitcoin might temporarily drop to even $42,000.   – Popular analyst Matthew Hyland noted that the total balance of bitcoin on centralized exchanges has reached a multi-year low. In theory, this could be seen as a bullish signal, but the flagship of the crypto market is not yet showing upward momentum. It is expected that the publication of key US economic data in the coming week could serve as a vector for the further movement of cryptocurrencies. If macro statistics increase the likelihood of the Fed starting to ease monetary policy and the first interest rate cut as early as September, this could support risky assets, including bitcoin. Experts from Cryptology believe that the chances of bitcoin hitting an all-time high by the end of September are quite high and that the current situation is a phase of accumulation.   – Andrew Kang, co-founder of the venture company Mechanism Capital, stated that Ethereum’s price could correct by 30%, falling to $2,400 after spot ETFs for ETH are approved. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETFs will be able to attract only 15% of the funds compared to what BTC-ETFs received at launch. Kang noted that to increase Ethereum's attractiveness to investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, selling funds on new uses for Ethereum will be difficult since the asset is perceived by investors as an overvalued stock of one large tech company.   – Unlike Andrew Kang, SkyBridge Capital CEO Anthony Scaramucci believes that Ethereum's price could reach $10,000-12,000. As for bitcoin, the entrepreneur anticipates it could grow to $170,000-250,000. The main driver here will be the institutional adoption of cryptocurrency. Scaramucci called the approval of spot exchange-traded ETFs a significant regulatory barrier breakthrough for attracting new capital. According to him, this will soon result in digital gold comprising about 3% of large players’ portfolios.   – Cryptocurrency exchange Coinbase has been listed among American brands most often impersonated by scammers to deceive their victims. According to analysts at Mailsuite, from January 2020 to March 2024, the Coinbase brand was used in 416 scam schemes and phishing attacks.  Mailsuite studied 1.14 million incidents in total, in which scammers impersonated a well-known company or organisation more than 249,000 times. Among traditional firms, Facebook/Meta was the most popular American brand among scammers, mentioned in 10,457 recorded fraud cases. Next were the US Internal Revenue Service (9,762 incidents), Apple (9,110), Amazon (8,919), Steam (4,833), and Microsoft (4,518). Internationally, scammers prefer Japanese firms, with mobile operator au (18,964 cases) and railway company JR East (18,250) leading the list.   – The US Federal Bureau of Investigation has issued a warning about fake law firms promising to recover lost crypto assets from scammers or government agencies.  Scammers pose as authorised lawyers from government departments, including the FBI, and offer assistance in recovering previously lost or confiscated digital assets. The FBI recommended being wary of such service advertisements, especially when pseudo-lawyers demand advance payments and request sensitive financial information and personal data.   – Former Goldman Sachs CEO Raoul Pal predicted significant growth for bitcoin and the cryptocurrency market in Q4 2024. Speaking on the podcast "The Wolf Of All Streets," the financier noted that risky assets like bitcoin usually rally during US presidential elections. "The final quarter of an election year is a real ‘banana zone’ for all assets. It’s always like that," Pal optimistically stated, adding that the ‘banana zone’ for cryptocurrencies in the autumn is much more pronounced than, for example, for the Nasdaq index.   – MicroStrategy founder Michael Saylor is convinced of the potential for the first cryptocurrency to grow to $10 million, supported by China and other factors.  He believes that in the future, governments, especially China, will fully accept the first cryptocurrency and integrate it into state infrastructure.  Calling bitcoin a "perfect asset," the entrepreneur explained that digital gold acts as a "corporate machine" that will allow companies to "live forever." He is confident that firms investing in bitcoin can last longer than those "mired in corporate ailments of the past." "The average lifespan of a corporation is about 10 years. […] We’re talking about eliminating corporate mortality; we’re talking about easily increasing economic viability by ten, a hundred, or maybe a million times," added the MicroStrategy founder. Saylor also called all economic tools that appeared before bitcoin outdated. "Before Satoshi Nakamoto, economics was a pseudo-science. All economists before Satoshi tried to develop economic laws using shells, glass beads, bits of paper, and credit instruments," the businessman emphasized.  Recall that MicroStrategy is one of the world's largest holders of bitcoin. In June 2024 alone, it purchased 11,931 BTC.   – Founder and CEO of tech giant Dell Group Michael Dell expressed interest in bitcoin in correspondence with Michael Saylor. The situation has caused a stir in the cryptocurrency community for several reasons. Dell was among the top 10 richest people in the world in 1999 and 2000. He periodically appeared in the top 20 afterward. At the same time, the entrepreneur himself has positively commented on the digital industry. In 2021, he publicly stated that blockchain technology is highly undervalued. His company, Dell Technologies, accepted bitcoin as a payment method from 2014 to 2017. However, this option was later removed due to "low demand," as explained by the company. Now, the billionaire posted a statement on his page regarding the value of bitcoin and published another note on this topic.   – Ahead of the US presidential election, former cryptocurrency advisor Carole House has returned to work with Joe Biden’s team. "It is an honour for me to return to the Biden administration, where I hold the position of special advisor on the White House National Security Council," House wrote on her LinkedIn. In 2022, Carole House co-authored Biden’s executive order on cryptocurrencies and digital assets. Her return to the White House signals an improvement in the US president’s attitude towards cryptocurrencies.   – Matt Hougan, CIO of Bitwise, which manages cryptocurrency funds, cited three reasons why long-term investments in both bitcoin and ethereum have advantages over investments in bitcoin alone. These are: 1. portfolio diversification, 2. the ability to profit from vastly different ecosystems, and 3. economic benefits.  Given the difference in capitalization levels between bitcoin and ethereum, Matt suggests investing 75% of capital in BTC and 25% in ETH. According to the report, from May 2020 to May 2024, the return on such an investment portfolio was 3% higher annually than one in which bitcoin alone accounts for 100%.  However, Hougan acknowledges that in the short term, a portfolio consisting solely of bitcoin outperforms a diversified one. Additionally, investing solely in bitcoin carries less risk due to its higher market capitalization and features such as limited coin issuance and gradual reduction of inflation to zero. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
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