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But what about the security of a decentralized currency?
No oversight means more potential for scams.
Heres what they had to say.
Also, learn whichsigns you should watch for that indicate a crypto coin is a scam.
Pump and Dump Schemes
Times may change, but scams stay pretty much the same.
They just become more sophisticated as technology advances.
Such is the case with good old pump-and-dump schemes.
The rest is easy for professional scammers old pump-and-dump schemesfor coins owned by the same creators.
Dont be the investor that gets duped, or dumped.
Copycat Tokens
Another scam that is as old as currency itself is now affecting crypto investors.
Most recently, AI agent tokens have taken the majority of thecrypto mind share.
They are simply integrating ChatGPT into their websites and promoting themselves as some new novel technology.
Butfar more peoplehave lost by rushing to the ground floor than have won.
Crypto is an essentially risky business on its own.
The Bottom Line:Do your due diligence every single time you invest.
Research the company, the tech behind it, the community and even get in touch with the founder.
Any head of a startup company will be eager to discuss their concepts with new investors.
And, of course, never invest more than youre willing to lose.
An AI can impersonate a celebrity to present fake investment opportunities to unsuspecting investors.
Its so easy now to impersonate anyone online, especially a celebrity.
This is one of the blessings and curses of the rise of AI.
Its possible to do so much now and learn so much faster than ever.
But its also easy to be fooled by impersonations.
The Bottom Line:Be wary of celebrity endorsements in the world of crypto.
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