Hello world,
Right not is a great time for cryptoworld. With all the excitement of investment and great returns. It is also nice to keep in mind the risk involved. In this series of post I will keep you informed about some of the biggest fails in the crypto world. So keep a close watch.
But before we dive in, just wanted to share a quick list of common mistakes people make in crypto world.
Failing to secure private key - most common of all. You should read about James Howells.
Using custodial wallets - Cryptsy was one such scam (I will try to cover them here). I will recommend to read about Hot and Cold wallets.
Attaching low miner fees - There are websites which help you with this. Sooner or later you have to know about this.
Insufficient Due Diligence - Steemit and youtube is full of people who can give you advice but researching yourself about your investment is always the best way.
Give Buy Sell Advice - Earning money is not equal to gaining knowledge. With such a growing market of crypto it is easy to make money. But encouraging others to invest might strain your relationship with them in long run when market will go down.
Do Google about these things. These are very common advices. Will keep posting the series about the big fails in crypto world which will also help you all to make better investment choices. Till then goodbye.
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