Crypto Thoughts by Randy Hilarski.
We have all seen promises of huge profits if you hand over your Bitcoin or Ethereum to a third party. Even I fell victim to a few of these schemes early on in my crypto currency journey. Looking back I would not take the same path. I have learned over the last four years that the best path to take with my crypto currency is to hold it in my hands.
I have invested my Bitcoin in Genesis Mining, Bitclub and even a few shady HYIP scams. None of these programs have come close to approaching the profits I would have realized if I just held my Bitcoin.
My biggest concern is not having control over my crypto currency. I should have known that handing over something of value to me will never be taking care of, as good, by the third party as it would if I just held it myself.
I see people promoting things like Bitconnect, USI Tech and other 3rd parties that would love to get a hold of my Bitcoin. I cringe every time I see someone promote this garbage. STOP, you are hurting the community.
9 Reasons Why I Don't Recommend Handing Over Your Crypto Currency to Third Parties Promising Big Gains or Future Payouts.
- You run the risk of losing it due to bad security on the part of the third party.
- If something goes wrong do you really want to deal with customer service to recover your money?
- When you invest your hard earned Bitcoin in third party projects you no longer hold your keys.
- You miss out on all Bitcoin aridrops. I missed out on a ton of Bitcoin Cash, Bitcoin Gold etc.
- Becoming a Crypto enthusiast means you are taking responsible for your own financial future.
- Do you really trust these third parties?
- Never make decisions based on greed in Crypto.
- Companies and websites disappear all of the time.
- When you are new in Crypto, companies will prey on your lack of knowledge.
If Something Requires That You Turn Over Your Crypto, I Recommend You Think Twice.
