Topic: Do the needful this period and save yourself stress and heartbreak - page 2. (Read 547 times)

As a matter of fact, newbies should have already known these basic dangers in cryptocurrency even before they started buying Bitcoin. It would be dangerous or perhaps even too late in certain cases if it's the other way around. I think being aware of these is a prerequisite.

For example, before a newbie actually invests money in Bitcoin, he/she should have already known that exchanges aren't a place to store his/her coins. Or a newbie isn't ripe yet for investing if he/she is still easily swayed by the enticing yet fake promotions of shitcoins such as their promised growth.

And, if I may add, these fraud and scams are active all the time, not just during bullish seasons.

Such a good reminder. The emotions are very much high at this rate when everything seems to be increasing and that's why we need to guard ourselves from various modus that are in the market and community.

That's true, they are all targeting newbies that have no idea about the market and making it look like they're experts. They're always there when the bull run is there and tha's why many of the newbies are being introduced to the wrong projects because they're all projecting the returns instead of the project itself and what are the fundamentals and what it is aiming in the long run. Most of them are paid to shill and that's why many are wrongly directed to the market and they all(newbies) ended up losing money because they thought that these crypto evangelists are for real but they're just mere influencers that are paid to endorse projects that they'd get commissions for each guy they refer or signs under their links.

This is one of the most common scam going round at all he moment, during every bull run almost everyone is an expert in crypto or a great analyst. Many scammers create signal groups on social media and post some set of Altcoins that would pump and since it’s bull run this potential victims see the result and continue following the scammers until they develop there own scam token and advice their followers to put their funds on it and then they rug pull. This is very common and this is an old scam that I don’t think will end anytime soon as long as people find a way to get some tokens that pump they will continue to be lured to this scammers

With the tips and guidance that we do our best to provide to beginners and by highlighting the huge risks and losses they will be exposed to, this will undoubtedly benefit the largest group of them and make them wary of falling prey to these bloodsucking scammers. These scammers know exactly what they are doing and who they are targeting. Therefore, those with good experience and who follow the advice and the security guidelines that make their crypto safe are the ones who will survive during this period in which the cryptocurrency market is flourishing, and fraud is widespread.

Those who invest in new altcoin projects almost and follow the recommendations of analysts without doing their own research, or those who use unknown exchange platforms and hold their coins on any CEX or use platforms that promise a high APY, or whoever participates in airdrops with their primary wallets will certainly not be on the safe side. Therefore, any investor or trader must be careful about his holdings and the security of his devices and wallets, as one mistake he may commit may expose him to regret for the rest of his life.

In the past years in crypto space, I have heard about stories of inside jobs on crypto exchanges where they lied that they got hacked but it's all a big cinema to them, they plan the whole thing themselves, to either avoid bankruptcy or they just want to steal money from their customers.

Though there is no genuine evidence that this is really happening but they way it happened just make it look so, it's good advice when beginners are warned to never leave their digital assets on any crypto exchanges, you will never know when something bad will happen to any centralized exchange.

Also, greed has a lot of contributions to every scams, if you listen to strangers in the crypto space, you probably think that they have something to offer too, if you see tokens you don't buy in your crypto wallet, it's greed that makes you want to claim it, everything is connected to greed.

Greed is what makes every scam a possibility. That’s why a lot of scammers are hunting mostly newbies because for certain reason, newbies find it hard to resist their greed. However, not all newbies can easily fall as victims to scammers, because apparently, some newbies these days are smart enough to prevent theirselves from being scammed in all means.

But with this bullish season, scamming becomes rampant again. This is the best time not just to maximize our investment portfolio, but to focus more on bitcoin and avoid risky altcoins, that is the safest way to stay off scams.  And as much as possible, control one’s greed as it could only lead to huge losses at the end of the day.

There is always a time like this in the crypto space, and those who ignore advice are usually caught in the cycle of regretting their actions after being duped out of their money. One thing I've noticed that newbies don't understand right away is that cryptocurrency isn't a place to make quick money, but rather to learn how to invest before reaping the benefits. It's not a quick money scheme. This mindset causes them to fall for cheap projects with enticing offers in order to trick their victims into believing them. If you're a newbie with this kind of mindset, you have to be more careful because they know how to get you to fall for their traps.

This thread is indeed an important thread to remind us some important precautions we need to take to Avalon been scammed or fall victim of losing money in the market due to ignorance or lack of knowledge and orientation.

These above listed components are indeed something has been happening in the past, and it will keep happening because we are having new people coming to crypto space, these commonly happens to beginners especially the newly scam altcoins projects because all newbies that join the crypto community are for quick mone; therefore, we need to be very cautious and avoid been greed.

Op really the time has come again for them to do their evil things again and their targeted audience are from the social media platforms and the father social for their target audience are telegram and Facebook. I add a very serious quarrel with some them few days back and because that they refused to tag me again when posting on Facebook. One of them was selling a Toyota Corolla and asked me to pay with bitcoin and I told him that he is a scammer and he blocked me in sharp (immediately).

Op this is a very good warning for all of us. This the time for the scammers to make money from the novice. Don't be novice and always know the real dealers from the fake ones.

I believe this is the major reason why people don't invest in bitcoin. Even with all the fear and scam people can still invest and remain safe from scammers, hearing stories like this with new altcoin projects, FOMO etc I think victims should be blamed, why thinking of new projects always and surprising this is the time most investors engage in newly project, I see alot of newly projects pumping in luring investors to buy all in the name of the bull market.
Exactly, every investor will have different experience to share when talking about their bitcoin journey, such experience is just a wake up call to be strong and smart when dealing with cryptocurrencies. The word initiation is just too perfect and it seems there's no going back but instead learning from previous mistakes makes an investor intelligent.

Op you have spoken well. The case of scammers and hackers trying to break through the process, is growing everyday, and they are trying as much as possible to learn and equip themselves with enough information for them to become successful with their hacks and scams. The only way we are keeping ourselves immune from this hackers is when we also study more and keep ourselves updated. learn to keep your coins in a non custodial wallet rather than using an exchange because exchanges are the primary targets of hackers.

There is no way to avoid this. All of the above will find its “client” to one degree or another.

Beginners are doomed to get into similar “stories” and this can be considered a “baptism of fire” or “initiation” into the world of cryptocurrencies. This is an invaluable experience that will be remembered for a lifetime.

Beginners, due to the specific nature of their inexperience, can't know enough to know the location of all the “shit pits” in this cryptoindustry.

It is impossible for everyone to remain smart when there is hype in the cryptomarket and greed overshadows reason. What is important here is not so much knowledge and awareness about the types of dangers associated with cryptocurrencies, but rather the ability to manage your emotions. Because emotions (most often greed) are the bait on the hook of scammers.

Because of the anticipated bull run in the crypto market, this is actually not the time for someone to let their guard down. Making them completely forget that this is the time of day when scammers work the hardest, presenting appealing offers and questionable projects in an attempt to scam victims of their hard-earned money.

Rather than expecting all projects to succeed during the boom, which they won't, it will be better for us to be wise and vigilant when choosing the kind of project we want to invest in. ​Some will even turn out to be frauds. Investing in bitcoin is a safer option than choosing an altcoin, its owners of which you are unsure of or whose purpose in the crypto market they intend to cover up as being legit.

A bull market is a time when scammers catch greedy investors. The rule or bait “Buy now, otherwise you will be late” works for scammers. The deadline is set very short so that the person does not have the opportunity to soberly evaluate either the project or the proposed deal that promises large interest rates. Therefore, now is precisely the time when decisions to do something with your finances should, on the contrary, be checked very slowly and carefully. Don't chase high percentages; ask yourself why anyone would give away something that brings good profit to the owner. And would you do the same?

I'm not even understanding the state of this bullrun and altcoins influence. This time last last year, we have Defi everywhere booming and making mad trends and green candles everywhere that even the ICO projects that survived to the bullrun has to rebrand to Defi and all pumped like crazy but this time, there hasn't been a unique altcoins except for these AI stuff that pop out from different corners of telegram, discord and X and so far, they don't have anything special just noises.

New trend is the reason why we have many scams but I'm not seeing any and I think many people are familiar with what we have already like the wallet scams and private keys extortion, wallet poisoning, and buying into fake projects. If we have new trends, it will be easier to study how they are so as to expose the potential scams that people might get into but still I advice everyone to remain safe. Not just scammers but from hackers as well.

Learning will keep you a step ahead of these scammers, funny thing is they are also learning new ways to scam people, that's why before you do anything in crypto space you need to ask questions about it first, many newbies are able to safe themselves doing this, and those who believe that they knows best end up becoming a victim.

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Even with everything I knew I can't boldly say that I am always going to be safe online, when I come across something new I need to ask first because like I've said, scammers are now looking for ways to become more smarter and rob innocent people, you also need to be get better with your security online so the best way is to always learn something new.

It's been year's since I have know about crypto and I can't still boldly say that I am free from these scammers, no one should believe that they are free because even those that have been here since 2010 are still getting scammed.

It's best that you study and DYOR when it comes to investing in projects. I believe there are gems out there that might help us out and possibly profit in the long run.

I'm imagining that it has something to do with AI in that narrative. It's important to see how much AI impacts society and I think the AI coins would be the ones soaring this market.

Manage your investments as well, I think you would be ok.

Thanks for the reminder. I've been in the crypto space for many years already, and I'm confident enough to say that I will not fall into these scam projects, or me being hacked whatsoever. What I worry about is those newbies who don't know anything about cryptocurrency.

Newbies who are just starting, and the first thing that they will encounter is something that will scam them. Newbies will get lured by these scammers to invest in their project or whatever it is in exchange for some huge monthly interest. I worry about those newbies out there who are prone to scams and hacks especially now that we are near the bull run phase, and with this, newbies tend to decide based on what they feel not on what they know. They feel that they don't want to be the last on the ride thus, they will immediately invest their money into a project that they don't even know only to end up as a scam project. I also started as a newbie, and luckily I didn't fall into these scam attempts even though I've received many emails from them. What I did was I watched videos online on how scammers are scamming people so that I would know what to do if the time comes that they will come to me, convince me, and try to scam me.

Overall, this kind of advice will help maybe at least 1 or 2 or even more newbies out there, but there's no harm in constantly reminding these newbies to be vigilant. As for newbies out there, at least equip yourself with knowledge first before investing.

Ahhh the pump groups. Each time we have a bull season and a larger number of newcomers are entering the cryptocurrency world there are an increased number of scammers who start fake operations telling these newcomers about the "profit" they are making by buying shitcoins as if they see the future.

Little do the newbies know, these scammers are entering that shitcoin then tell the newbie to buy that shitcoin so that the scammers can sell their bags at a profit they take out of the newbies' pockets.

Its always normal for numerous altcoins projects to spring up few months to halving as this is a period almost every project is hoping to experience a pump in their prices because of the attention that cryptocurrencies attract these periods, all thanks to bitcoin for creating such season of positive energy. The heartbreaking thing is that most of them do not get listed at the end of the various campaigns. More dangerous that people are doing all the risky tasks they present like connecting their wallets and main social media handles even unintentionally. These guys are really advancing by the day and I see a lot of their tricks that can catch unsuspecting individuals, I try my best to raise alarm in groups where I belong, but people are greedy already and it will lead most of them to regrets later.

It really wounds me that at this period, when you try relating security threats to unsuspecting individuals, they see it as though you are against their progress, that's the basis of these scammers progress, they have a way of convincing  greedy and unsuspecting people to trust them easily in expectation of their empty promises which has a high possibility of turning around to the loss of such individuals. Most people have sworn to learn from experience rather than information and what baffles me is when I see people who have been scammed before still engaging in such projects saying that the present project looks more real. Its surprising how ready people are to patronize scam projects even more than legitimate ones.