Thoughts On Dubai Crypto Event!

Is it just me or do you also think Dubai is the best place for Crypto advertisements as well as for scammers also?

Why because of Shilling and Rug Pull.

• Shilling - A condition in which a person or group of people promotes a coin madly using any means to promote it.

• Rug Pull - Some people use Shilling so that the price of that coin or token will go up and at some point in time they took out all their profits and ultimately dump that coin.

As Dubai has lots of rich investors more good term will be 'Whales', it's a fitting place for such promotions. As whales invest, the coin or token gets shilled then they take their investments out and ultimately rug pulling that coin or token.This has happened a lot of times earlier. They do it at such a time that no one can notice what happened, and you see people saying reason it's because BTC fell.

Source - Here .

Like SafeMoon is an example.

But news don't come out as it would impact the name of the country. Though even the project is many times good the rug pull thing eats even the potential one.

So I'm just reminding you again to beware of if you are thinking of investing in those new Cryptos.

It's not the case for everytime but Whales when got their profit they leave the market they won't think of anyone. Also best for good projects to attract heavy investors during events like these.

So just like that it has it's perks and flaws.

I have no hate for events like this as these events are proof that crypto is getting adopted at a faster rate, and it's just started.

Here you can discuss and ask questions related to Cryptos, Blockchain and about the future of it through expert investors and traders along with crypto makers.

I have been in AMA and small crypto discussions of many coins, it opens your eye and mind towards crypto. If small events like that are so impactful. So I think these big events are much more.

Do any Physical Crypto events have happened in your place?

In my place Nope.

This Dubai event is a big event in which more than 1000+ traders and investors are attending the event face to face.

100+ Blockchain and Cryptocurrencies companies will be there to showcase their goods and service.

The event has already been started on 16th March and will end on 17th March.

Overall I would definitely want to see events like this in other countries also. As physical meetings are more understanding and impactful. Also if you are even a bit interested in crypto and see it as the future then definitely join the discussions and events which happen on twitch and other platforms. Bitcoin Cash mostly does it on Twitch.

As one should have as much information they can have about it so that none can scam them in future.

Without understanding things you are in, one can't achieve much and can't survive long.

And here's some of my Crypto advice as a Noob:-

• Never buy any project on the say of any influencers or celebrities.

• Try To attend AMA's ( Ask Me Anything ) of the coins or tokens which you have invested or want to invest. And clear all your doubts.

• No matter how strong a community looks don't go with their hype.

Feel free to share your thoughts about these Crypto events!