750 - Have you invested in cryptocurrency?

A friend wanted me to jump into the #crypto investing he was doing.

This friend sent me screenshots of the money he was making and it was impressive, too good to be true.

My gut instinct said BEWARE. I told him to be careful and not invest more money than he can afford to lose.

This friend had over $50K invested and it was growing fast.

I decided to make a very small investment, a whopping $30 because I can't argue against something I don't understand.

It grew quickly to $50, in just a week or two.

Then, one morning I tried to log in to the website and it was gone.

The website no longer exists!! That's how fast these scams can disappear.

This prompted me to ask #ChatGPT for some advice on investing in #cryptocurrency. This is what ChatGpt has to offer when considering an investment in crypto.

Cryptocurrency scams are unfortunately common in the digital world, but there are several things you can do to help avoid them. Here are five tips:

1. Research before investing: Do your research before investing in any cryptocurrency project or exchange. Check the background of the company, the team behind the project, and the legitimacy of the cryptocurrency itself.

2. Be wary of "get rich quick" schemes: Be skeptical of any investment that promises high returns with little to no risk.

3. Use reputable exchanges: Stick with well-known and reputable cryptocurrency exchanges when buying or selling cryptocurrencies.

4. Keep your private keys safe: Protect your private keys and never share them with anyone.

5. Be vigilant and cautious: be cautious of unsolicited messages or emails from unknown sources offering investment opportunities.

By following these tips, you can help avoid falling victim to cryptocurrency scams and protect your investments.

Here are five popular and credible cryptocurrency exchanges based on their reputation, security, trading volume, user base, and regulatory compliance:

1. Coinbase: One of the most widely used and regulated cryptocurrency exchanges in the world.

2. Binance: A leading cryptocurrency exchange that offers trading in more than 100 cryptocurrencies.

3. Kraken: A well-respected and secure exchange that offers a wide variety of cryptocurrencies for trading.

4. Bitstamp: A reliable and trusted exchange that has been operating since 2011.

5. Gemini: A New York-based exchange that has been licensed and regulated by the New York State Department of Financial Services.

THANK YOU ChatGPT for providing excellent insight here.

I hope this helps anyone who is considering investing in cryptocurrency.

It is the way of the future.

Have you invested in cryptocurrency?