1. **Bitconnect (BCC)** â A well-known Ponzi scheme that collapsed in 2018. 2. **OneCoin (ONE)** â A notorious scam that promised high returns, but was never a legitimate cryptocurrency. 3. **Mt. Gox Token (MTGOX)** â Originally tied to the infamous Mt. Gox exchange, which was hacked in 2014. 4. **PDM (PDM)** â A joke coin with a very limited purpose, created to mock the crypto space. 5. **BitPetite (BPC)** â A coin that faded into obscurity without any significant use or development. 6. **Titan (TTN)** â A token associated with the Titan Finance project, which was rug-pulled in 2021. 7. **MinerCoin (MNC)** â A coin that promised to be a mining-based crypto but never gained traction. 8. **Centra (CTR)** â A coin tied to the fraudulent Centra Tech ICO, which led to charges against its founders.
1. **Risk Management**: Protect your capital with stop-losses and diversification. 2. **Market Research**: Stay informed on news and trends. 3. **Emotional Control**: Avoid impulsive decisions driven by fear or greed. 4. **Security**: Use secure wallets and exchanges. 5. **Patience**: Focus on long-term gains, not quick profits.
### Quick Crypto #Guide for #NewUsers Cryptocurrency can seem overwhelming at first, but here's a simple guide to get you started:
1. **What is Cryptocurrency?** - Digital or virtual currency secured by cryptography. - Operates on decentralized networks called blockchains (e.g., Bitcoin, Ethereum).
2. **How to Buy Crypto:** - **Choose a Platform:** Sign up for a crypto exchange like Coinbase, Binance, or Kraken. - **Verify Your Identity:** Most platforms require identity verification. - **Deposit Funds:** Use fiat money (USD, EUR, etc.) via bank transfer, credit card, or other payment methods. - **Buy Crypto:** Purchase your chosen cryptocurrency (Bitcoin, Ethereum, etc.).
3. **Storing Your Crypto:** - **Hot Wallets:** Software wallets connected to the internet (e.g., Coinbase Wallet, MetaMask). - **Cold Wallets:** Hardware wallets (e.g., Ledger, Trezor) for better security.
4. **Understanding Crypto Volatility:** - Cryptocurrency prices can be highly volatile. Be prepared for price swings. - Invest only what you can afford to lose.
5. **Transacting with Crypto:** - **Sending Crypto:** Use your walletâs âSendâ function, entering the recipientâs address. - **Receiving Crypto:** Share your wallet address with the sender.
6. **Security Tips:** - Use strong passwords, two-factor authentication (2FA), and secure wallets. - Never share your private keys or seed phrases.
7. **Learning More:** - Stay updated on crypto news (e.g., CoinDesk, Crypto Twitter). - Consider joining online communities for discussions and support (e.g., Redditâs r/CryptoCurrency).