S72: Crypto Losses

18-May-2024 | Roundtable Chat (Ep 7)

This is Sirflex speaking, Your Host! GM everybody, i officially welcome you today's space.

Roundtable Chat (EP 7)

Bitcoin Statistic Today MarketCap : $1.318Trn Price : $66,789.5 Volume: $28.10B

Let's do something quick, tag a comrade in the comment section, use the #bwbseries and wish them happy weekend.

Icebreaker

Do you know that there are force that hold you down in this world that wont allow you to fly high. and it is not your village people, it is called gravity. try to jump and see how it pulls you down back. the problem is many of you are not praying against. my question is why?

In today's series, I have one poll & one question for you.

// POLL QUESTION
what did you lose money to in crypto? 
1. Crypto Investment/Trading 
2. Crypto Scam  
4. Dip got Dipper
5. never lost money to crypto     

// QUESTION (ENGAGING)
What is that loss story that almost made you quite crypto 
or never wanted you to hear crypto again? 

// POLL QUESTION
How much money have you loss to crypto? 
1. less than $100 
2. less than $1,000  
3. less than $10,000 
4. above $10,000

Crypto Losses

People loss money everyday, we have many scenarios of everyday loses, infact to some people, losing money is an everyday motivation, the more they loss, the more they want to stake more of there money.

If you don't believe me, have you seen people that play baba ijebu, or all the NairaBet people, they gloriously loss money and always hungry to loss more. it may be because of the dream of magical return.

But then again, we have traders loss, infact a good trader enters a trade based on how much he's ready to let go. this are kind of losses that are intention.

But what happens, when you loss money that is not planned! the pain, the depression, the grieve, sometimes it even lead to suicide.

!! the big question is; what is that loss that you have heard that have caused you max pain?

Remember the rules

1. Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.

2. Today's series is sponsored by ADEWALEFLEX,

At the end of today's series, we must have been able to

1. talked about crypto losses

2. Different ways you can losses money in crypto

3. How to avoid them

Welcome to Breakfast w/ Blockchain

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Let's get started!" 💡🚀 #BreakfastWithBlockchain

Let's get started

What is that loss that have caused you max pain

How can you identify when an unauthorised access is made

What can you do when you are exposed to unauthorised access

What can you do to be safe

1. Use Strong Passwords: Ensure your passwords are complex, long (at least 12 characters), and unique. Include a mix of upper and lower case letters, numbers, and special characters.

2. Enable Two-Factor Authentication (2FA): Always enable 2FA where possible. This adds an extra layer of security by requiring a second form of identification beyond just your password.

3. Update Regularly: Keep your software, apps, and devices updated. Updates often include security patches that protect against new vulnerabilities.

4. Use Secure Networks: Avoid using public Wi-Fi for accessing sensitive accounts. If you need to use public Wi-Fi, consider using a virtual private network (VPN) to secure your connection.

5. Be Wary of Phishing Attempts: Be cautious with emails or messages requesting your account details. Always verify the authenticity of any request for sensitive information.

6. Limit Sharing of Sensitive Information: Be mindful of the personal information you share online and whom you share it with.

7. Use Security Software: Install and maintain security software, such as antivirus and anti-malware programs, to help detect and prevent malicious attacks.

8. Monitor Account Activity: Regularly check your account activity for any unauthorized access or suspicious behavior. Many services offer alert features that notify you of unusual activity.

Comrade of the week

Regularly review account activities for unusual signs and employ security software to detect threats. These proactive steps significantly enhance your data security, keeping your digital life protected.

Conclusion

You have a digital life financially and value wise, always review your account activities for unusual signs and employ security software to detect threats. The power anyone have over you is the ability of you to accept them, don't be coerced or cajoled or scared to stay in control of what you can control. always question everything.

If you don’t believe me or don’t get it, I do not have the time to try to convince you, sorry! -Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08