04-12-2022, 07:02 AM
Kevin O'Leary lost $52k to a hacking scam in his first ever crypto adventure! Adopti
<!-- SC_OFF --><div class="md"><p>Just tuned into the talk show that was going on here, and Kevin O Leary had a bunch of great points to share!</p> <p>Who knew even he lost over 50k in his first crypto adventure to a hack! I could immediately relate with couple of friends who had similar experiences where they lost funds because securing your own keys is a radically different approach to banking, compared to what most are used to.</p> <p>His advice to those starting out was to limit your exposure to a max of $1000 to get a hold of the basics like sendings coins from exchanges to wallets, gas fees etc. Only when you are comfortable should you start investing more. </p> <p>Imo this is solid advice, as there are no support teams in place if you mess a transaction up. So its important to learn the basics before you jump headfirst into the crypto economy. Even better, most coins have a testnet where you can practice without any risk whatsoever</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Set1Less"> /u/Set1Less </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u1eteq/kevin_oleary_lost_52k_to_a_hacking_scam_in_his/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u1eteq/kevin_oleary_lost_52k_to_a_hacking_scam_in_his/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Just tuned into the talk show that was going on here, and Kevin O Leary had a bunch of great points to share!</p> <p>Who knew even he lost over 50k in his first crypto adventure to a hack! I could immediately relate with couple of friends who had similar experiences where they lost funds because securing your own keys is a radically different approach to banking, compared to what most are used to.</p> <p>His advice to those starting out was to limit your exposure to a max of $1000 to get a hold of the basics like sendings coins from exchanges to wallets, gas fees etc. Only when you are comfortable should you start investing more. </p> <p>Imo this is solid advice, as there are no support teams in place if you mess a transaction up. So its important to learn the basics before you jump headfirst into the crypto economy. Even better, most coins have a testnet where you can practice without any risk whatsoever</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Set1Less"> /u/Set1Less </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u1eteq/kevin_oleary_lost_52k_to_a_hacking_scam_in_his/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u1eteq/kevin_oleary_lost_52k_to_a_hacking_scam_in_his/">[comments]</a></span>Kind Regards R