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[Razor1911]

There is misconception among the traders, that trading and gambling are same. And there is reason to believe this too. Since both of them have high risks involved, hence it is normal for outsiders to think that both are more or less the same.

But when you actually indulge yourself in forex trading, only then you will know, that forex is much more professional than gambling. Forex trading is well recognized market where people trade and earn with professional skills, unlike in gambling which is done purely based on luck.

 

[Chibson]

Yeah, they are simply tug pulled and their prices are easily manipulated by it's owners that's why it is simply a risk to one's funds.

There is a shitcoin I have been following since the beginning of this year. I received the AirDrop but didn't invest. recently the price of that coin fell massively and people lost a whole lot of their money.

 

[microunit]

Well gambling has uncertainty and probability of chance of winning and also majority of the people sees that volatility in prices in trading are also uncertainties so that's probably why they tied it up that trading is also gambling

 

[Mariappa45]

There is a shitcoin I have been following since the beginning of this year. I received the AirDrop but didn't invest. recently the price of that coin fell massively and people lost a whole lot of their money.

Hmm, that's pathetic indeed, that's why I don't invest in shitcoin, its simply another form of gamble to my funds. What's the name of the Shitcoin that drained investors finance down?

 

[Chibson]

Hmm, that's pathetic indeed, that's why I don't invest in shitcoin, its simply another form of gamble to my funds. What's the name of the Shitcoin that drained investors finance down?

Lol, safewolf. I knew from the beginning that it doesn't have any future, even though, there was a lot of hype. Imagine a token that 10billion of is not up to 10 cents.

 

[Mariappa45]

Lol, safewolf. I knew from the beginning that it doesn't have any future, even though, there was a lot of hype. Imagine a token that 10billion of is not up to 10 cents.

Lol, it's really safe indeed for losses. Shitcoins have always been known as a pump and dump coins. Because their prices are easily manipulated by it's developers just to appeal the investors at the begining then dump it when it has reached a milestone of investors.

 

[Chibson]

Lol, it's really safe indeed for losses. Shitcoins have always been known as a pump and dump coins. Because their prices are easily manipulated by it's developers just to appeal the investors at the begining then dump it when it has reached a milestone of investors.

You're right. I believe they always have a target whenever they want to bring out these cryptocurrencies. When they reach their target they will rug pull.

 

[Acrosin]

With gambling, the power to lose and win is shifted on the teams or what you bet on. For trading, you have yourself to blame if you lose by making wrong trades. You will have to be conversant with the knowledge of trading before doing it.

 

[Chibson]

With gambling, the power to lose and win is shifted on the teams or what you bet on. For trading, you have yourself to blame if you lose by making wrong trades. You will have to be conversant with the knowledge of trading before doing it

I agree with you. Sometimes favourite teams can lose at any time in betting, while trading is highly dependent on analysis and some other factors.

 

[Mariappa45]

You're right. I believe they always have a target whenever they want to bring out these cryptocurrencies. When they reach their target they will rug pull.

The best to stop all this fraudulent coin developers from carrying out their wish, defrauding hard working investors is through the means of KYC verification to trap down their essential details.

 

[Chibson]

The best to stop all this fraudulent coin developers from carrying out their wish, defrauding hard working investors is through the means of KYC verification to trap down their essential details.

I think there should be processes for people to go through before coming out with any project. This will help wipe out their fraudulent activities.

 

[Mariappa45]

I think there should be processes for people to go through before coming out with any project. This will help wipe out their fraudulent activities.

With the KYC verification process it will help curb scam coins by fetching out those who are behind the scam coins development, take legal proceedings against them.

 

[Chibson]

With the KYC verification process it will help curb scam coins by fetching out those who are behind the scam coins development, take legal proceedings against them.

That's true. Such drastic measures should be taken in order to protect people from being scammed. there are thousands of shitcoins today that does not have any reasonable use case.

 

[Mariappa45]

That's true. Such drastic measures should be taken in order to protect people from being scammed. there are thousands of shitcoins today that does not have any reasonable use case.

Those shitcoins are simply pumped to deceive investors putting their funds into it. It's a gamble with your money investing in any shitcoins out there.

 

[Chibson]

Those shitcoins are simply pumped to deceive investors putting their funds into it. It's a gamble with your money investing in any shitcoins out there.

yes they usually pump it is so hard so that people will start seeing it as a very good project. It is very important to make proper research before investing in any token.

 

[Mariappa45]

yes they usually pump it is so hard so that people will start seeing it as a very good project. It is very important to make proper research before investing in any token.

Yes, that's what they do to entice people investing on their shitcoin that got zero potentials. That's why I don't look elsewhere, I stay with Binance to trade real cryptocurrency to avoid any sort of scam.

 

[Chibson]

Yes, that's what they do to entice people investing on their shitcoin that got zero potentials. That's why I don't look elsewhere, I stay with Binance to trade real cryptocurrency to avoid any sort of scam.

Yes, that's good. But I know someone that knows how to make money from those coins because he gets early information about them and invest early. Recently he made about 300% of his investment.

 

[Mariappa45]

Yes, that's good. But I know someone that knows how to make money from those coins because he gets early information about them and invest early. Recently he made about 300% of his investment.

That's tremendous to such investor that takes advantage of the shitcoins to invest at the right time and record higher profit. When you get right signal for any of the Shitcoins their is high positivity of profit.

 

[Chibson]

That's tremendous to such investor that takes advantage of the shitcoins to invest at the right time and record higher profit. When you get right signal for any of the Shitcoins their is high positivity of profit.

Yeah, definitely. getting the right signal in the key to making a whole lot of profit from the shitcoins. Sometimes buying the presale is also helpful but you need to be careful because there are a lot of scam coins that would disappear after the presale.

 

[Razor1911]

Yeah, definitely. getting the right signal in the key to making a whole lot of profit from the shitcoins. Sometimes buying the presale is also helpful but you need to be careful because there are a lot of scam coins that would disappear after the presale.

I would say there are many coins which have no future. That is why it is important that we should only invest in the top 100 coins. At least they are already popular and people think that this will become the next Bitcoin.

 

[Chibson]

I would say there are many coins which have no future. That is why it is important that we should only invest in the top 100 coins. At least they are already popular and people think that this will become the next Bitcoin.

Yeah, you're right. But there are some good projects which are not yet popular. Investing in the top 100 coins is actually good, but there are some hidden unpopular gems.