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The world of crypto assets certainly cannot be separated from the targets of bad players. As told by one of the crypto influencers, Dami-Defi when 3 of his friends fell into a crypto scam trap. He said that his friends' wallets were hacked, and $25,000 disappeared quickly. For this reason, Dami-Defi, in this case, describes as many as 5 crypto scams that often occur and how to 'scrape' or avoid them Honeypot Scheme Honeypot schemes are a way in which fraudsters track large wallets, and send fraudulent tokens to trick trackers into investing in bogus projects. These transactions are marked as “received”, which is tempting for investors. To protect themselves from Honeypot schemes, traders or investors are advised to avoid investing in small amounts of tokens, especially in the range of US$ 200 to US$ 5,000, unless there is a valid reason. Additionally, users should exercise caution when dealing with “received” tokens unless the amount is significant or is part of an over-the

Along with the increasing popularity of crypto (cryptocurrency), investors are given a variety of options to trade digital assets. Although cryptocurrency exchanges are a popular choice, trading cryptocurrency with a broker offers special advantages that make it an attractive option. In this article, we will explore the advantages of trading cryptocurrency with a broker over cryptocurrency exchanges, focusing on the features and benefits offered by NordFX. Regulation and Trust Trading with a regulated broker such as NordFX adds an additional layer of protection for investors. Brokers are subject to scrutiny by financial authorities, ensuring they adhere to strict guidelines and operate in a transparent and secure manner. NordFX, for example, is regulated by the Vanuatu Financial Services Commission (VFSC), giving investors confidence that their trading activities are protected by regulatory measures. In addition, NordFX's presence since 2008 and its excellent security track record

Bitcoin (BTC) has received significant attention and investment in recent years, but not everyone has found success in the volatile crypto world. Some people have lost everything they had, while others have made significant gains. If until now you have struggled to make money with Bitcoin, then you are not alone. A top analyst with the pseudonym CryptoCon on Twitter says that there are 5 ways to change your journey, namely: Stop Trading Trading can be interesting and potentially profitable, but it can also lead to significant losses. The successful trading strategies that investors recommend are tedious, with a 40-50 percent success rate, and involve risking a tiny percentage of your portfolio (1 percent). Anything beyond that is gambling. Instead of trying to beat the market, consider a buy and hold strategy. Stop Listening to the Narration Many people believe that Bitcoin is indestructible and will reach US$1 million, making it a safe haven for inflation. While it's important to

Trading crypto assets offers lucrative opportunities for individuals to make substantial profits. However, many traders find it difficult to hold on to the wealth they have amassed. It is this common mistake, namely selling too soon or holding on to an asset for too long, which often results in traders returning to zero. To overcome this challenge, experienced trader Toni Ghinea shares valuable insights on effective strategies for profiting in the crypto world. By understanding the importance of capital preservation and adopting a disciplined approach, traders can increase their chances of long-term success. Contrary to popular wisdom, Ghinea emphasizes that the main goal for traders should be survival. While profits may look tempting, it is important to focus on preserving capital in volatile crypto markets. “A change in mindset is needed, where the true skill is not in making money but in keeping it,” says Ghinea. Ghinea revealed the value of the "OODA loop" as a decision-m

With the influx of new tokens into the crypto sector every day, it is becoming increasingly difficult for traders to recognize good and bad projects. This is due to the large number of scammers and hackers trying to con investors out of their hard earned money. However, by following these steps, you will be able to recognize good projects in the crypto market before you invest in them. Here are some key factors to consider: Listed on the Exchange This is an important factor in choosing a crypto project to invest in. While sometimes the hype regarding listings on major exchanges will create a furor, these projects may end up not being listed successfully on those exchanges. Most of them use the news to drive up the price of the token, thereby encouraging investors to buy as it becomes available on popular exchanges. Even though listing on a major exchange does not completely determine the movement of a coin, trust is higher if it is listed on a prestigious exchange. Social Media Presenc