"The #1 rule in crypto is to invest what you can lose"

• Cryptocurrencies are on the rise: some 30% of French people are considering investing.

  But scams, largely permitted by the opacity of cash transfers, are on the increase.

• Our readers tell their experience of cryptos and provide advice and warnings to avoid scams of all kinds.

Does bitcoin necessarily rhyme with scam ⁣?

By launching an appeal on the subject,

was not ready to receive so many requests for information, analysis, or even advice on investing in cryptocurrencies: “Is this company reliable?

», « I don't think I can get my money back », « I think I'm the victim of a scam, please bring me your analysis ».

However, even reading

, it is still as complicated to grasp the ins and outs of this “Wild West 2.0”.

Our readers try to bring their testimony, their experience to invest more serenely and avoid scammers.

Between NFT, metavers and cryptocurrencies, the quidam smells the good vein but does not know which saint to devote.

Drix testifies for

, from his experience on the crypto planet, which he joined in 2017: "I have never been "scammed" but the number of attempts is enormous: fake profiles who come to chat with you on Telegram to ask you for help and make you believe in non-existent rewards, fake promotional emails…” Frédéric also shares his good advice: “You have to be wary of spam and other highly touted advertisements.

The first thing to do is to choose a known and recognized platform to do our exchanges.

These platforms are very secure with double authentication with SMS code to access them, the possibility of securing your currencies in a virtual safe with the obligation to use them to validate the operation via two different email addresses.

You have to be very vigilant by not using common passwords and by having a good up-to-date antivirus.

»

Dating apps,

the place to be

for the scam

Unfortunately, even though Drix asserts that “it's still easy not to be fooled”, not all investors have experienced such a positive destiny with cryptocurrencies.

Our reader Nathalie, for example, followed a targeted ad on a famous social network in August: “I see on Facebook the promotion of Bitcoin by Elon Musk, I let myself be tempted and give my email address.

An hour later, I am contacted by a broker who explains to me that I can earn a lot of money by betting a substantial sum of 250 euros.

Then, the next day, he asks me to pay 1,000 euros with my bank card, which will supposedly not be debited.

Doubtful, I ask him a lot of questions, I get annoyed and I end up hanging up on him.

Result: the site was fraudulent and I lost 250 euros”.

At

, Kévin tells him about his experience on Tinder.

“We discovered a common passion for cryptocurrencies.

I got scammed for 3,400 euros”.

A story full of resonances when we learn that more than 56,000 "sentiment scams" were reported across the Atlantic in 2021, with strong growth for those related to cryptocurrencies, especially among 18-29 year olds, who are increasingly being scammed small amounts, reveals the

.

Kevin first invested a small amount of money.

"I first had a small return on investment," he explains.

But once I bet enough funds for the scam to be profitable, I discovered that everything was fake: the trading platform, the moderators, the life of my interlocutor and… his feelings.

still has a bright future

ahead of him.

The Financial Battle on the Crypto Front in the Ukraine War

Olivier, who invested and got scammed during the first confinement, learned the lesson and talks about the "price of learning".

But isn't the

of this stock market the only viable solution for some people to keep their money?

Thus, Ukrainians and Russians, engaged in a war they did not choose, are turning to cryptocurrencies to save some cash.

“How is Bitcoin going in Russia now?

Does it bypass the financial system?

“, wonders Little grain of sand on

.

It is possible, according to Nicolas Fleuret, specialist in the financial industry within the firm Deloitte, who imagines in an interview with AFP, the use of cryptocurrencies in Russia “as an alternative” payment vehicle, the country “ by producing more and more.

For the 30% of French people who would therefore consider embarking on the cryptocurrency adventure, it is better to inquire beforehand, to do some research with a growing community.

“There are also consulting companies that can explain how it works and how to invest without risk”, assures Drix, who recalls that “rule number 1 in cryptos is “invest what you can afford to lose”.

By respecting this rule, you will sleep easy and you will discover a very interesting world with a lot of enthusiasts, a lot of mutual aid and free content to understand blockchain and cryptos.

They make it possible to build the finance of tomorrow”.

Culture

Unvaxxed sperm, Mongoose coin… What are the "shitcoins" that are sweeping over cryptocurrencies?

Culture

With a state digital currency, the power "will have a real-time vision of everything we do with this money"

• Money

• Bitcoin

• Fraud

• Investment

• By the Web

• 0 comment

• 0 share

  • Share on Messenger

  • Share on Facebook

  • Share on Twitter

  • Share on Flipboard

  • Share on Pinterest

  • Share on Linkedin

  • Send by Mail

• To safeguard

• A fault ?

• To print