Topic: Bitcoin scams and new Bitcoin users - page 5. (Read 2196 times)

I agree with you but these days anything can be found on the internet. There are already many websites which explains bitcoin, it's functionality, it's use cases, possible scams etc..
It's just a matter of minutes and all the information is in front of you. But there are many who do not bother to research before investing their money on anything.
People only lose their money if they don't pay attention to what they are doing.

Anybody who buys bitcoin should know how to use the internet then why do people don't research before investing their money ?

After the boom of bitcoin in end of 2017 it caught eyes of general audience and many people who thought it as a great investment opportunity bought bitcoins and this is now continuing more and more people with little technical knowledge joining the bitcoin community it was essential to happen this for bringing bitcoin in mainstream but with that this made this era paradise for scammers every day many scams come into existing now their number are growing faster and they target people with less technical knowledge of bitcoin they are likely easy to get scammed some of common scams the scammer pulls are :

1. Cloud mining scam where they make users to invest in their cloud mining and give them a very small % of their amount daily and also encourage them to bring more members so they can get extra rewarded after a time when deposit amount starts to slow down and withdrawal amount starts to increase then their threshold they simply vanished.
2. Multi level marketing scam this work as from oldest days just invest an amount bring two more make your own tree and earn rewards starting ones in this scams who are able to get many other people always get profited and 99% of members who are in down ranks get scammed they do the same when incoming amounts slow down and outgoing amount reach a certain threshold they simply vanish.
3. The seed hack scammers are approaching people saying we will teach you how to make 100$ in one hour and you need to give it to us most common people don't know about seed and put their btc in online wallet such as coinbase or blockchain so scammer get their screen shared and make them transfer their btc in a wallet such as electrum and got their seeds screenshots open their wallet in their own computer and transfer the amount people had no idea what struck them .
4. Investment scams deposit x amount and get x amount this is the most common type of scams getting all over the internet it is a small amount scam usually people don't mind to fell in it by giving 5-50$ of amount to these scammers .

These are some examples of classic scams affiliated with bitcoin and cryptocurrencies as bitcoin community is in main stream these types of things confuse people by saying bitcoin is a scam and what ever they try to do with it they ended up in the scam. With their less knowledge about bitcoin it is nearly impossible to make them understand that they are victim of classic scams and it is nothing to do with btc but for these scams they cant go any where or report it they feel vulnerable in using cryptos many individuals trys to point out some scams which get into main stream but this thing need to be done as a collective effort. I propose to have a plat form for normal people teaching them basics of bitcoin as a 9 year could understand all this. because community platform like bitcoin talk have a way to much advance topics which confuse or scare the new non technical people .

You should always be concerned on how to protect yourself each time you will invest your money. This industry with volatile nature is being misinterpreted by many. Thinking that it's an easy access to earn money but once suffered from loses it easy for those people to cry out and blame the system of being scammed. Your knowledge is your tool to survive and to earn better to use the proper judgment and not to blindly invest without knowing what you are doing.

Greedy people get what they deserve. Remember the greedy dog who barked at his own reflection on the water because he wanted the other dogs bone but he was left with none since it fell out his mouth and into the water when he barked. People should really pay attention to stuff like these stories and fables. We taught this stuff as children and somehow some people forgot. A fool and his money are easily part.

I always get sad when I hear and see victims who usually fall for these kinda bitcoin scams. These people usually see all kinda Bitcoin investment as a get rich quick avenue and usually don't mind investing huge sums of money into them.  But sometimes I don't feel sad for them since its only greed that will make people to fall for such scams. People need to understand that there is nothing like free money in the world we find ourselves.  And Bitcoin is just a digital representation of the fiat currency we use in our financial ecosystem. Once people understand this, they will never fall for Bitcoin scams.

Nobody will he scam if a person won't allow it to happen, prevention is better than fixing something that has been happening. However, dealing on a situation that could bring you more prone to scam must be avoided. If you're aware on things around you, I don't think you'll be able to compromise all things that put your bitcoin funds to danger especially to new users.

It is actually not when the bitcoin has already established a strong foundation to the market. Why? Because we can directly compare bitcoin to the fiats that we have. Where if people experience a scam or frauds, they do not blame the systems, but the people who uses it. That same concept should be applied to bitcoin as well so the reputation of bitcoin will not be affected. In order to stop this, we should all be well knowledgeable to the security measures to avoid having a negative experience with bitcoin.

Things like that make the image of bitcoin worse which affects the movement of bitcoin because of the negative impact for those who already believe in bitcoin become less trusting again, and besides it makes people hesitate to get involved with bitcoin.
and the development of bitcoin is growing fast and more trials will be faced, and the saying goes that the taller the tree, the stronger the wind will hit.

Things like that make the image of bitcoin worse which affects the movement of bitcoin because of the negative impact for those who already believe in bitcoin become less trusting again, and besides it makes people hesitate to get involved with bitcoin.
and the development of bitcoin is growing fast and more trials will be faced, and the saying goes that the taller the tree, the stronger the wind will hit.

There are a lot of people who wants easy money and they are falling into the trap of scammers. And i know that this is happening all the time and most people are lacks of knowledge on how does this investment really works and that's why they are being take advantage and also by manipulating them.

And even thou there is a lot of post regarding this scheme, still people entertain and making an investment even thou they know therw is a huge risk losing their money.

many people will trust to someone easily, so they can get scam. when they get it, they will say that bitcoin is scam.
knowing what will you do is important than other. you must be know about what is investment, who people that bring you, and other thing that relate with it. sad if someone say that bitcoin is scam without knowing about bitcoin exactly.