Beware! Your love for Elon Musk and Dogecoin may land you in a scam | Avaneesh Parasar

 

Beware! Your love for Elon Musk and Dogecoin may land you in a scam | Avaneesh Parasar

Suspicious domain registrations for cryptocurrency coins and exchanges have peaked over the last few months, with Dogecoin outpacing the next nearest coin, Ethereum, by 35 times in suspected fraudulent listings.
Do your own research before stepping into any Cryptocurrency trade.
Avaneesh Parasar

MUMBAI: Even though the ongoing bear phase in the cryptocurrency market has knocked the stuffing out of some investors, there is no denying that investors still see the asset class as the quickest way to make money in financial markets.

That zeal to become a hot shot investor within a short period of time contributed to the frenzy for Dogecoin, a coin that was borne out of a joke but came to prominence due to backing from Tesla founder and billionaire Elon Musk.

However, the craze for the ‘memecoin’, as some like to call it, may be making investors more susceptible to cryptocurrency scams than any other coin.

Read Full Article- https://economictimes.indiatimes.com/markets/cryptocurrency/beware-your-love-for-elon-musk-and-dogecoin-may-land-you-in-a-scam/articleshow/84310717.cms

Comments

Post a Comment

Popular posts from this blog

Adani Group Likely To Foray Into Automobile Sector, Trademark Registered

Image
The Group will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes, according to sources. Avaneesh Parasar MUMBAI/CHENNAI: After planning a foray into the steel industry, Gautam Adani , India’s second-richest person and head of the eponymous Adani Group, appears to be looking to enter the automobile sector. Group entity S B Adani Trust received trademark approval to use the name ‘Adani’ for vehicles operating on land and in water. The move is part of the ports-to-power conglomerate’s broader play in green projects. The plan is to enter the electric mobility space, said sources. It will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes. It also has plans to manufacture electric vehicle batteries and set up c...
Read more

IS THE STOCK MARKET RISKY? | AVANEESH PARASAR

Image
  IS THE STOCK MARKET RISKY? | AVANEESH PARASAR Remember the first time you saw a BIKE and didn’t know how to drive. It seemed thrilling, but you were scared too. And then you learn about- -Accelerator -Brakes -Gears -Traffic and then it seemed much easier. But would you say driving is completely RISK-FREE now? ‘NO’ Relate it to the Stock Market now At first glance, you might feel scared, here too. Before you invest in a company do know their -BUSINESS -MANAGEMENT -PROFIT GROWTH -FUTURE POTENTIAL -DEBT and then it will seem much better. But can you say it’s completely RISK-FREE now? ‘NO’ KEY TAKEAWAY -Yes, everything in life has risks. -Manage risk with knowledge -Don’t invest in something you don’t know -Apply brakes when required. -Don’t Overspeed. #RISKHAITOISHQHAI #AVANEESHPARASAR Analyzed THE STOCK MARKET RISKY? | AVANEESH PARA SER
Read more

Avaneesh Parasar Explains The Stop Loss Order

Image
  Avaneesh Parasar Explains The Stop Loss Order There are a lot of considerations that go into buying a stock. However, no matter how careful you are, you are bound to miss out on something or the other.  Avaneesh Parasar  says that one of those factors is the stop-loss order. It is important to know about this order because if you use it in an appropriate manner, it can make a world of a difference when trading in stocks. The benefits that you can get out of this is multifold. Did you know that one of the key advantages of using this is that you do not need to monitor your holdings on a daily basis? Here, in this blog, we tell you all about the stop-loss order and how you can reap the maximum profit out of using it correctly.  What is a Stop-Loss Order?  An order that is placed with a broker for the purposes of buying or selling a specific stock after the stock reaches a particular price is known as Stop-Loss order. It is designed in such a way so that it can l...
Read more