Construction Zone! Proceed with Caution!

in #bitcoin7 years ago (edited)


Bitcoin/Altcoins - SAFETY WARNING!

This will not be a drawn-out long article. The title clearly states CONCERN and wants to convey a cautionary approach toward Cryptocurreny Investments for new prospective investors.

This new technology is a work-in-progress Global-Community venture. And there will be speed-bumps and pot-holes along the path, until… The goal of a Safe and Danger-less/Risk-less free environment.

I'm just going to itemize a few bullet points so to be aware of issues that may and will arise:

  • It not as simple as Black or White.
  • Each new offering “UNIT” seems to be harder to interpret than the ones’ preceding. They aren't making the process easily understood at present. In-fact, in my opinion, it is getting more complex and difficult to interpret. However, I do believe the evolution/goal of this process/conversion is to simplify and demystify. But we are a long-way from that point at present.
  • Ones personal relationship/understanding of the value(s) of Money will not be the same as the other transactors value. We are dealing with a global client now. Best analogy Miser vs Gypsy (those two are like Oil is to Water)
  • Fraudulent companies and transactions are rampant. People are getting BURNED. Be cautious and careful.
  • The more ethical transactors/companies are emerging, but we are still a long-ways off from announcing the Amazon.com and Google.com at present – Due-diligence is imperative before transacting.
  • If it seams to Good to be TRUE – IT IS!!
  • Bank all "Units" – Do not fall for any Gambling Schemes.
  • Find Trusted News/Web sources and stay with them! (Next Blog – will reference the most reputable as based on Business Pratices of other Industries/Relations)
  • Do not look at this opportunity as a Get-Rich-Quick scenario. Standard/Prudent/Conservative investment values should be observed and exercised.
  • Be frugal and conservative toward these investments.
  • One will make mistakes – Don’t let it deter or frustrate to the point of omission of participation. This will level-out eventually and the opportunity of personal financial freedom is still obtainable and very abundant. Get back-in there an PLUG-AWAY.
  • And most IMPORTANT! You are on your own - initially/present. It’s not like we can go to our Attorney General, consumer advocate group(s), Better Business Bureau, etc and file a complaint if defrauded (at Present)

BTC: 1MBuG34yZDbeq5oZDmwevi1P26WTdjQkKq
ETH: 0x1AFf004b5322eA9D1ac202C045f5A86b3e468f1A

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