Bitcoin/Altcoins - SAFETY WARNING!
This will not be a drawn-out long article. The title clearly states CONCERN and wants to convey a cautionary approach toward Cryptocurreny Investments for new prospective investors.
This new technology is a work-in-progress Global-Community venture. And there will be speed-bumps and pot-holes along the path, until… The goal of a Safe and Danger-less/Risk-less free environment.
I'm just going to itemize a few bullet points so to be aware of issues that may and will arise:
- It not as simple as Black or White.
- Each new offering “UNIT” seems to be harder to interpret than the ones’ preceding. They aren't making the process easily understood at present. In-fact, in my opinion, it is getting more complex and difficult to interpret. However, I do believe the evolution/goal of this process/conversion is to simplify and demystify. But we are a long-way from that point at present.
- Ones personal relationship/understanding of the value(s) of Money will not be the same as the other transactors value. We are dealing with a global client now. Best analogy Miser vs Gypsy (those two are like Oil is to Water)
- Fraudulent companies and transactions are rampant. People are getting BURNED. Be cautious and careful.
- The more ethical transactors/companies are emerging, but we are still a long-ways off from announcing the Amazon.com and Google.com at present – Due-diligence is imperative before transacting.
- If it seams to Good to be TRUE – IT IS!!
- Bank all "Units" – Do not fall for any Gambling Schemes.
- Find Trusted News/Web sources and stay with them! (Next Blog – will reference the most reputable as based on Business Pratices of other Industries/Relations)
- Do not look at this opportunity as a Get-Rich-Quick scenario. Standard/Prudent/Conservative investment values should be observed and exercised.
- Be frugal and conservative toward these investments.
- One will make mistakes – Don’t let it deter or frustrate to the point of omission of participation. This will level-out eventually and the opportunity of personal financial freedom is still obtainable and very abundant. Get back-in there an PLUG-AWAY.
- And most IMPORTANT! You are on your own - initially/present. It’s not like we can go to our Attorney General, consumer advocate group(s), Better Business Bureau, etc and file a complaint if defrauded (at Present)
BTC: 1MBuG34yZDbeq5oZDmwevi1P26WTdjQkKq
ETH: 0x1AFf004b5322eA9D1ac202C045f5A86b3e468f1A