Top 5 Crypto Earning Opportunity “Buzzwords” To Stay Away From for Investor Gains

Crypto Opportunities Aren’t As They Seem: 5 Crypto Options To Stay Away From

With the drops in Bitcoin value and the many regulations being put in place by other countries, it is safe to say that crypto has yet to reach the safe level. In fact, hackers and scammers have made the industry even more unsafe and risky. Even though there are plenty of risks involved with embarking in any new financial venture, there are five specific ones to look out for.

Hard Fork Mania

This is one of the opportunities that took on Bitcoin, even though it started falling in 2017. When smaller coins promise a fork, they offer just as high of a risk. Even suggesting a hard fork can cause the price to spike, even without a new asset. However, a hard fork is simply a system update that comes with a lot of hype.

Mainnet Hype

There are plenty of projects that started as an ERC-20 asset, though the transition to their own platform is usually when the company makes the most revenue. However, for projects like DADI, the MainNet launch can still fall flat. Some cryptocurrency platforms get consumers excited about the project and then no additional support ends up coming later one. There is no promise that there will be an improvement in value, even with a spike in the price temporarily.

Airdrops Alerts

In any industry, getting something for free is a great deal. Airdrops allow consumers to claim plenty of free coins in a single swoop, but they can also be risky. While some airdrops are beneficial and legitimate, the promise of free coins in circulation can actually lower and nearly bankrupt a cryptocurrency. The free coins essentially have no value, and a coin with no value is worthless.

Hope to Pump

Rather than pulling the wool over the eyes of investors, some traders are blunt – they want coins that give short-term profits. They have no plans for ongoing trading and they primarily want to get funds as fast as possible. Anyone that is new to trading wants to stay away from these opportunities entirely, because the surge in value may never occur. When looking at coins that have a history of frequent pumps, it may be best to stay away.

Overhype About the Coin

There are plenty of companies that promise to solve major problems in their industries and others, but big claims usually come without any follow-through. Some of these platforms are even considered Ponzi schemes. Even though there are no guarantees for any investment, it is a good rule of thumb to be skeptical about promises that are too good to be true.

Summary

Most projects take several years to get off the ground and prove themselves to be thriving options. However, that leaves investors behind the opportunity to invest at the beginning, unless they are willing to take a risk. It is a “buyers beware” kind of market, and consumers should pursue thorough research about the validity of any team and the ways that the company will keep itself going. All of the above opportunities have had times when they actually are valid but putting too much hope on specific events may lead to loss.

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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