Hello steem users, I'm new to this site and really would like to get to know everyone on here. The reason I decided to create a steem account was to communicate between others in the crypto communities. Recently a token has been brought up to my attention that I would like to share to you guys to be cautious. We all know that everyone would love to make money online but losing it in a wrong investment can hurt you much faster. Many of these new coins and tokens will be gone just as fast as they came. All in all Im not trying to discourage crypto trading but to have you do a little research prior to dumping your hard earned money.
Also I don't know if you're aware but stay away from lending platforms, and ICOs. One perfect example is "Bitconnect" many users lost a bunch of money because of the crash of the coin provided by the company. The company is now under a class action lawsuit and I strongly hope the people who lost their money on there will at least get something back. Typically lending platforms have nothing backing it and what they do is use other peoples money to fund accounts. All in all that's called a "ponzi scheme" and is illegal in the United States. Profiting off of ponzi schemes is also illegal, so regardless of being aware of the scam, and you making some quick money off it, still is illegal. The rise of these various coins, tokens, platforms, has me concerned for the future of cryptos. This may potentually cause a heavy regulation on crypto market in general which would cause a severe correction in the market.
I would like to thank you for your time and I hope you stay careful. Here is an example photo of someone purchasing bitcoin at a low price due to someone posting a sell order at that number.
