Here are 7 traits common to the best investors I know 👇
✅ They think long-term (5, 10 or even 20 years). ✅ They ignore the constant noise of social networks. ✅ They invest in few assets but with solid convictions. ✅ They have a mind of steel and unshakeable patience. ✅ They're not looking for the next nugget x100. ✅ They take a passive approach to investing (buy & hold).
This is the exact opposite of what most people do:
❌ They think short-term (a few weeks, months or a cycle). ❌ They spend their days scanning social networks. ❌ They invest in too many assets without real convictions. ❌ They give in easily to FUD and FOMO. ❌ They chase the next nugget that will make them rich. ❌ They're hyperactive and try to time the market.
Some succeed despite this, but these are the exceptions.
Most will lose their money and blame the market.
A small number will question themselves and, with hard work, become better investors in the future.
"Know your enemy and know yourself, and you can fight a hundred battles without disaster." - Sun Tzu Understanding the methods attackers use to drain cryptocurrency wallets is crucial for safeguarding your assets. Here are my subjective top eight wallet drain attack vectors:
1. Classic Phishing : This is the most common type of attack where a phishing website tricks you into signing a malicious transaction. If your wallet app has an embedded transaction simulator, it can help you verify the legitimacy of the transaction before you confirm it.
2. Phishing with Zero Transfer: In this sophisticated phishing attack(drainer), users are tricked into signing a transaction using a malicious contract similar to the Permit2 signing mechanism used in services like CowSwap. Transaction simulators cannot detect token transfer. To avoid falling victim, always verify what you are signing and use wallets that accurately display the approval information.
3. DNS Hijacking: In this attack, the legitimate website is replaced with a fake one through DNS hijacking. When you interact with this fake site, you end up interacting with a malicious contract. Using a wallet that issues warnings about new contracts, even for frequently visited sites, can help mitigate this risk. Always check why the contract is flagged as new.
4. Seed Phrase Scam: This classic scam involves an attacker posing as customer support and convincing you to enter your seed phrase. While many people are now aware of this trick, it remains a potential threat. Never share your seed phrase with anyone. Another variation of the seed phrase scam involves downloading a fake wallet app that asks for your seed phrase. Always download wallet apps from official sources to avoid this trap.
5. Address poisoning: In this attack, the attacker sends a transaction to your wallet from an address that closely resembles one of your frequently used addresses. Do not copy-paste address from past transactions and use address book.
6. Targeted Malware: In this type of attack, malware is delivered through seemingly harmless files like Microsoft Office documents. When you open these files, malicious code executes and steals your hot wallet seeds. Using a cold wallet can mitigate this risk.
7. Fake Extension or Trojan Malware: Similar to fake apps, malicious browser extensions or trojans can alter your clipboard or transactions, directing funds to the attacker. To avoid this, use a hardware wallet and verify that the contract address shown on your computer matches the one displayed on your hardware wallet.
8. Low Entropy Seed Generation: Some wallet apps might use a vulnerable random number generator to create seeds, making them easy to crack later. Mitigate this by using well-established open-source wallets, and consider adding an additional passphrase to increase security.
Beware of scammers posing as @Binance employees More and more scammers are posing as Binance employees and requesting identity information and transaction credentials from users via third-party communication tools such as Telegram and Whats. They request this sensitive information and use it to resell information or commit fraud. #Binance #Security #Cryptocurrency"
Crypto Influencer Hacked: Scammers Exploit X Account to Pump Memecoins!
In a shocking turn of events, popular crypto influencer GCR's X account was compromised by scammers on Sunday, promoting memecoins ORDI and Luna 2.0. The hacker posted predictions about ORDI's price, causing a brief surge from $40 to $44. Similarly, Luna 2.0's price skyrocketed 274% momentarily. However, both tokens' prices quickly fell back to their original levels.
GCR confirmed the hack, urging followers to disregard any promotional posts. He suspects that someone was bribed at X to obtain his login credentials, compromising his account's security. Despite being warned about potential bribes two months prior and increasing security measures, the breach still occurred.
This incident highlights the vulnerability of even high-profile accounts to hacking and exploitation. It serves as a reminder for users to remain vigilant and take extra precautions to safeguard their online presence. The crypto community must stay alert and cautious, especially when encountering unsolicited promotional content always DYOR! #Web3 #ListaNewEra #DYOR #Binance
How do you make more than a simple x10 in crypto on your bag?
I'll let you in on a secret, you just need to understand math to master it....
Yet the majority of Bullrun investors won't.
It's called the Crypto Multiplier.
Okay, I just made up the name...
But get this:
You buy Solana for $20 and sell it for $100 = you've multiplied your bag by 5.
If you keep it for, say, $260, you've multiplied it by 13.
But once you've sold it at x5, if you put it back into other tokens which then make a new multiplier.
Let's take $VRA as an example. Let's say you put your Solana x5 back in here, and you come out with a new x5 on $VRA.
And one last move because you're greedy on Phala Network with a small x3...
So how much in the end?
Starting capital x 5 (SOL) x 5 (VRA) x 3 (PHALA) = Starting capital x 75
That's how most people got rich in 2021.
Yes, it's an ideal scenario, but if you succeed, you'll leave with a huge bag, whereas if you had Hold, you'd settle for x 13 (which is already excellent).
How to Grow Your Portfolio Without Chasing 100x Returns? $BTC $ETH $BNB
Lately, the crypto market has been abuzz with talk of “finding the next 100x memecoins.” But before you join this frenzy, it is essential to take a step back and consider a more pragmatic strategy.
While it's not impossible to find the next 100x coin, focusing solely on that could be a financial disaster. It is like searching for a needle in a haystack. Sometimes you might get lucky, but more often than not, you may end up losing your money.
What you should do instead is focus on creating a more diversified portfolio with high-quality assets that have strong fundamentals — Invest responsibly by DYOR and always diversifying your investments.
With over 13,000 cryptocurrencies, your chances of stumbling upon the next “100x hidden gem” are slim to none. Instead, build a solid foundation by heading over to #BinanceAcademy and follow me too for more recommendations
Take advantage of the consolidation while it lasts, prepare your bags 🧳 and be there for takeoff, almost 3 months of packing up but patience will pay off, start AirDrop on the Blockchain $TON telegram takes a lot of work to attract users, the most people go to Solana, Base be a meme hunter at your own risk, never give in, just be patient! #BTC #aidrops #ton_blockchain
Stripe has validated USDC payments on 3 blockchains: so they're likely to be the next to have a spot ETF in the USA 😱
US online payments giant Stripe has just announced a small revolution: it will soon allow transactions in USDC (a dollar-backed stablecoin) on the Ethereum, Solana and Polygon blockchains!
It's one more step towards mainstream adoption of cryptos 👏
Because even without a bank account, it will be possible to pay online using these digital currencies. Payments will be automatically converted into dollars.💳
Remember: Stripe had already tried the experiment with Bitcoin in 2014, before giving up because of the fees.
But today, they're back with a vengeance with stablecoins! 🦸 🔙
This announcement is very positive for Ethereum, Solana and Polygon.
Integration by a major player like Stripe is a big deal...
And this could pave the way for a spot ETF on these crypto-assets! 👀
We know that the SEC closely scrutinizes the concrete use of a blockchain before validating an ETF.
So keep your eyes peeled: Ethereum, Solana and Polygon now have a serious chance of getting their own ETF in the near future thanks to this announcement! 🎯
Do you agree with my analysis? What do you think? Tell me all about it! 😃