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RE: Crypto Startup Confido Disappears With $375,000 of investor money!!! (STAY AWAY FROM ICO's)

in #cryptocurrency7 years ago

Thank you for your comment/feedback. There are a lot of people in such a rush to invest in cryptocurrency. They think that there's some kind of urgency. Like if they don't act now, they'll lose out big time or something. That's so not true, in my opinion. There are SO MANY things that you can invest in when it comes to cryptocurrency. If you just take the time and understand the crypto world, do a lot of reading and research, you'll be in a much better position to invest.

In my opinion, there's a lot of uncertainty and volatility in the crypto world right now. This will settle down when there are advancements in technology that will make transactions faster and more secure. It is a good idea to keep studying crypto and watching it closely till that time approaches. Once that time comes, you can invest with confidence.

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I agree with your opinion.

I can understand the mindset of why people want to rush to invest, every new crypto that sounds promising could "be the next bitcoin" .

This could be true but many of the main early adopters of bitcoin understood the technology and the market for bitcoin which is why they invested. If everyone did their research investments would be safer because less people would invest in bad icos.

Agreed.