LucasMoody

Practical tips that save you time & money. Crypto explained plainly, no hype. Investing since 2017.

[LucasMoody @MoodyMoneyTips]

1/ Crypto scams are getting smarter, but they still follow the same playbook. Here are 7 red flags I've learned to spot since 2017. Save this one, it could save you real money. 🧵

[LucasMoody @MoodyMoneyTips]

@PeterSchiff Gold doesn't need a password, but it doesn't pay interest either.

[LucasMoody @MoodyMoneyTips]

@WatcherGuru Are they always responsible for every big hack ? 😭

[LucasMoody @MoodyMoneyTips]

Not your keys, not your coins. It's an old saying in crypto because it keeps being true.

Follow @MoodyMoneyTips for calm, no-hype crypto news.

Do you keep anything on exchanges? 👇

[LucasMoody @MoodyMoneyTips]

Binance, the world's biggest crypto exchange, just had one of the largest hacks in crypto history, with about $6.3B in assets affected.

Here's what actually happened, how serious it is, and what you should do, in plain English. 🧵

[LucasMoody @MoodyMoneyTips]

Be careful with "hacker revealed" posts.

A lot of what's going around is memes and unverified doxxing, so wait for official updates.

[LucasMoody @MoodyMoneyTips]

@52Hsyn52efsane Yeah I mostly size my positions so it wouldn’t hurt me even though I lose it all

[LucasMoody @MoodyMoneyTips]

@Rager Everyone became numb to it so it doesn’t effect anything at this point.

[LucasMoody @MoodyMoneyTips]

@yamoon222 Peace of mind is very important

[LucasMoody @MoodyMoneyTips]

@business Prediction markets are basically poker. If you can't spot who has the info edge at the table, it's probably not you.

[LucasMoody @MoodyMoneyTips]

@WSJ That $100 upgrade to the next iPhone storage tier was always mostly margin. Now the chipmakers finally get some of it.

[LucasMoody @MoodyMoneyTips]

@APompliano AI saved me 2 hours a day and my to-do list noticed before I did. The trick is deciding in advance what that saved time is for, otherwise work eats it..

[LucasMoody @MoodyMoneyTips]

@zerohedge Proof that 'real estate always goes up' needs an asterisk. Location, debt and timing do all the work. The building is just along for the ride.

[LucasMoody @MoodyMoneyTips]

2/ Guaranteed returns. "2% a day" or "double your money in a week" isn't real. Even legit investing comes with risk, so anyone promising certainty is selling a scam.

3/ Someone messages you first. A friendly stranger, a "mentor," or a romance that slowly turns to crypto is a setup. Real opportunities don't slide into your DMs.

4/ They rush you. "Only 2 spots left" or "price pumps tonight" is there to stop you from thinking. Slow down. A real deal will still be there tomorrow.

5/ They ask for your seed phrase. No wallet, exchange, or support team will ever need it. Whoever has your seed phrase owns your money, so never share it, never type it into a website, and never screenshot it.

6/ "Support" reaches out to you. Fake support accounts reply to anyone who complains in public. Only contact support through the official app or website.

7/ You can't withdraw. If a platform suddenly wants a "fee" or "tax" before you can cash out, the money is already gone. Don't pay more to get it back.

8/ Fake celebrity giveaways. "Send 1 ETH, get 2 back" is always a scam, even when it looks like it's from a famous account. Check the handle closely.

9/ The rule that covers all of it: if you didn't go looking for it, and it's urgent, secret, or too good to be true, walk away.

10/ Follow @MoodyMoneyTips for plain-English money and crypto tips, no hype. Which red flag have you run into? 👇

[LucasMoody @MoodyMoneyTips]

1/ Crypto scams are getting smarter, but they still follow the same playbook. Here are 7 red flags I've learned to spot since 2017. Save this one, it could save you real money. 🧵