Scammers are evolving, and the recent incident involving the notorious BajwaTraders786 serves as a critical reminder for P2P traders to stay vigilant. Protect yourself by learning from this real-life crypto nightmare.
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🎯 The Incident: A Crypto Trader's Nightmare
On October 29, 2024, I sold 750 USDT via Binance P2P to a user named BajwaTraders786. He transferred Rs. 204,000 using two separate bank accounts, including one from Bank Alfalah.
At first, everything appeared legitimate. However, just days later, on November 1, 2024, he filed a dispute with his bank, claiming the transaction was unauthorized.
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💔 The Fallout: How the Scam Unfolded
1️⃣ Account Freeze
Despite providing evidence like screenshots and transaction details, my bank locked my account and even froze other accounts I had interacted with.
2️⃣ Bank's Ultimatum
The bank insisted that the only solution was to reverse the Rs. 204,000 back to BajwaTraders786—an easy win for the scammer.
This left me trapped, unable to recover my funds or crypto, despite being the real victim.
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⚠️ How the Scam Works
Scammers like BajwaTraders786 exploit the system with a well-planned scheme:
1. They buy crypto and transfer funds to the seller.
2. After the trade is completed, they file a chargeback with their bank, claiming the payment was unauthorized.
3. The seller’s bank freezes their account, and the scammer walks away with the crypto and their money.
This fraudulent tactic is widespread and targets unsuspecting traders, leaving them to face financial loss and legal chaos.
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🔒 How to Protect Yourself: Trade Safely on Binance P2P
🛡️ Key Safety Tips
1️⃣ Avoid Split Payments
Only accept payments from a single verified account to reduce dispute risks.
2️⃣ Document Everything
Save all payment proofs, chat history, and transaction details as evidence.
3️⃣ Vet Buyers Thoroughly
Check buyer profiles, reviews, and past disputes before proceeding with any trade.
4️⃣ Set Clear Trade Terms
Include terms like “funds must clear without disputes” in your P2P ad descriptions.
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📢 What to Do If You’re Scammed
Immediate Actions
1️⃣ Report to Binance
Provide all evidence, including payment proofs and chat logs, to Binance Support.
2️⃣ Contact Your Bank
Dispute the scammer's chargeback claim with your transaction history and Binance receipts.
3️⃣ Alert Cybercrime Units
In many countries, crypto-related scams can be reported to authorities like the Federal Cybercrime Investigation Department (FCID).
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🛡️ Pro Tips for Safe P2P Trading
Stick to Smaller Trades: Avoid large transactions in a single trade; split them into smaller, manageable amounts.
Wait for Payment Clearance: Ensure funds are fully cleared before releasing your crypto.
Stay Informed: Regularly review Binance’s Security Tips and community updates for the latest advice.
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🚀 Let’s Build a Safer Crypto Community
Fraudsters like BajwaTraders786 erode trust in the crypto ecosystem. By spreading awareness and following safety measures, we can protect ourselves and make Binance a secure platform for trading.
📢 Share This Alert
Share this post widely to educate others and prevent similar scams. Together, we can stop scammers from taking advantage of honest traders.
#COSSocialFiRevolution #BTCBreaks100K? #ETHPriceSurge #BTC100KToday? #Write2Earn!

Solana, XRP, and Hedera ETFs highlight rising institutional interest in altcoins, signaling portfolio diversification beyond Bitcoin and Ethereum.

Bitcoin’s limited supply, with nearly 20M mined and 4-5M lost, drives institutional interest toward altcoins for new investment opportunities.

Cardano and Avalanche may join the ETF trend, reflecting their appeal due to scalability, security, and multi-chain capabilities.

Institutional interest in cryptocurrency appears to be broadening, with applications for altcoin-focused exchange-traded funds (ETFs) gaining traction. Nate Geraci, President of The ETF Store, recently revealed filings for Solana (SOL), XRP, and Hedera (HBAR) ETFs. This signals a growing appetite for diversification beyond Bitcoin and Ethereum among institutional investors.

https://twitter.com/WuBlockchain/status/1859412330548953580 Increasing Interest in Altcoin Ecosystems

Notably, Solana’s scalability and low transaction fees have drawn significant attention, prompting VanEck to file for a spot ETF. This highlights its growing appeal as a blockchain ecosystem. Meanwhile, XRP’s recent regulatory clarity has boosted confidence, leading Bitwise to submit its own spot ETF application.

Hedera (HBAR), known for its energy-efficient distributed ledger, has also caught the eye of Canary Capital, which filed an S-1 registration for a potential ETF.

However, the interest doesn’t stop with these three. Industry analysts point to Cardano (ADA) and Avalanche (AVAX) as strong candidates for future ETF filings. Cardano’s emphasis on security and scalability, combined with Avalanche’s fast transaction speeds and multi-chain capabilities, make these platforms attractive to asset managers.

Bitcoin’s Limited Supply Spurs Diversification

Additionally, Bitcoin remains a dominant force in institutional portfolios, but its limited supply is adding to its allure. Out of the 21 million Bitcoins that will ever exist, nearly 20 million have already been mined. Estimates suggest 4 to 5 million are permanently lost. Satoshi Nakamoto’s wallet alone holds over 1 million, while spot ETFs collectively manage another 1 million.

Consequently, MicroStrategy’s holdings are expected to rise to 400,000 Bitcoins.As Bitcoin’s scarcity grows, institutional investors are increasingly exploring altcoins. The expanding altcoin ETF landscape reflects this shift in focus, offering a range of new opportunities for portfolio diversification.

Broader Implications for the Crypto Market

Furthermore, this trend underscores the maturing relationship between digital assets and traditional finance. Financial institutions are keen to meet the rising demand for diverse cryptocurrency investments. Bloomberg’s ETF analyst, Eric Balchunas, noted the growing interest in cryptocurrency ETFs, suggesting dates like December 31 for possible DOGE ETF filings.

Meanwhile, the rise of altcoin ETFs highlights how digital assets are becoming integral to financial markets. As institutional players expand their offerings, the focus on altcoins could reshape investment strategies in the coming years.

The post Spot ETFs for Solana, XRP, and HBAR: A Signal for the Next Altcoin Season? appeared first on Crypto News Land.

Only 1 out of 20 fundamental coins will be in demand.

Only 1 out of 100 community coins will succeed.

Only 1 out of 500 constantly discussed coins will pump.

Only 1 out of 10,000 memecoins will reach the top 500 market cap list.

Crypto is, more than anything, a game of probability. But, everyone chooses how to manage their capital.

If you decide to select just one project from each category, your chances of success are as follows:

- In Fundamental coins: 5%- In Community coins: 1%

- In Constantly discussed coins: 0.2%- In Memecoins: 0.01%

Choosing 10 fundamental projects gives you about a 50% chance of success.

Choosing 10 memecoins gives you only a 1% chance of success.
Think about it.

If you still don't understand how to balance risk, this article is for you ⇩
80% of Portfolio in fundamental coins gives a better shot at 10x returns...

But 20% of Portfolio in degen plays is more likely to deliver 100x....

Nighttime thoughts that have lingered me for months....

This market forces us to be flexible.

If you were expecting an altseason in the summer but now realize it might come in the fall/winter/next year, you HAVE to work with your positions.

I'll start in order.

1. Market cap is rising while prices are falling.

Few people notice this, but it shouldn't be overlooked.

The $IMX chart illustrates this perfectly.

The price is still far from its ATH, yet the market cap is already significantly higher than it was at the ATH price.

As unlocks continue to happen, it's important to consider this factor when choosing which coin to invest in for the altseason.

✘ Market cap doesn't necessarily have to grow.

✓ The coin should have potential for further growth, considering the market
capitalization expansion.

● Either the next unlocks should either be long after the altseason begins.But I think at the start of the altseason, most will wonder why their coin isn't pumping?
- You guys probably forgot to check the market cap.

2. Portfolio management: The 80/20 approach.

The current market is very different from what we've seen before.

The altseason is NOT PUMPING ALL coins at 100x.

- 80% of the portfolio in strong, fundamental coins- 20% in degen play and venture ideas

Referring back to the initial thought:

➜ Allocating 80% to fundamental coins offers a higher probability of returns with significantly LOWER risk.

Investing the remaining 20% in degen play: high-reward plays could either result in rekt or gain 10-100x returns.
If 80% of your investments are successful (they MUST be successful, you MUST reduce risk), then losing the initial 20% still leaves you with a substantial profit.
Even if just one position out of the 20% is successful, you can earn as much as you would with your 80% in fundamental coins.

Here's a simple example:

✓ With $8,000, you buy a fundamental asset and achieve a 10x return, resulting in $80,000.

✓ With $2,000, you invest in 10 memecoins at $200 each. If one of them gives you a 500x return and the others are worthless, your profit is ~$100,000.

At the peak of the alt season, your total portfolio will be $180,000.

Yes, it's a rough calculation and being lucky helps, but you:

➜ Properly allocated capital
➜ Reduced risk
➜ Secured 1,000x chances

➜ Remained profitable regardless

3. When is altseason coming?

- Geopolitics is affecting crypto more than ever
- There are many experienced participants in the market

The mass adoption we've been dreaming of is ultimately what's ruining us.

As a result, the manipulator/big player needs more time to execute their plan to extract money from the market.

The market will start to rise out of total frustration; however, I am not seeing that yet....

Here are the two options I am considering:

● Option #1
Altseason: Fall 2024 - Winter 2025.
That is, it will roughly repeat the pattern of the last cycle.

● Option #2

Altseason: Spring 2025 - Summer 2025

Many people will likely dislike this option and provide numerous reasons why it won't work.

Ultimately, it's up to you, guys. I adapt to the market and adjust my decisions20:44based on the situation.

4. Why it is important to be flexible:

➜ Being flexible helps you stay psychologically calm during market turmoil and euphoria, reducing the likelihood of mistakes.
Often, people strongly believe in one investment, put all their money into it, and refuse to consider other important factors.

➜ Your coin is about to unlock another 50% of its total supply, but the altcoin season is nowhere in sight.

It is worth thinking about, perhaps it is time to abandon this position if you are not sure about the future prospects.

➜ The market is cyclical but evolving. Most investment books are outdated, and it's important to recognize this.

If your goal is to maximize capital annually rather than just making long-term $BTC purchases for a wealthy retirement, you need to be flexible.

That's all for today.

I'm in this market to grow my capital, which is why I monitor and analyze market trends every week to make timely decisions.

Don't blindly follow others' advice, and avoid becoming a stubborn maxi.

Thanks for reading, hope you found it useful!

#CryptoMarketMoves #PowellAtJacksonHole