Topic: Crypto misinformation is turning into an issue for people new to the game. - page 2. (Read 611 times)
October 02, 2021, 04:27:02 PM
Unfortunately, the scammers keep hunting the new blood on social media and forums. There is nothing we can do, it is the responsibility of the person to check the contract address and try to verify everything before processing the transactions. Otherwise, such bad things will keep happening no matter what we do. Educating the newbies is not enough, fighting scammers is not effective method, we need something that can verify the user knowledge before they jump the to the crypto industry.
October 02, 2021, 03:39:24 PM
To make any investment plans, you must first invest in your information, it is extremely important to survive anywhere, and the same is applicable with cryptocurrencies, only the informed always stay ahead of the game, just like in the squid game. 
This is why the forum has created a specific board for newcomers who wish to learn more about the forum, bitcoin in general, and how to avoid scams and fraud.
However, no matter how quickly information about new projects is obtained, there are people who are always one step ahead of everyone in terms of new projects, particularly venture capitalists, making it difficult to obtain them at a lower cost.
This is why the forum has created a specific board for newcomers who wish to learn more about the forum, bitcoin in general, and how to avoid scams and fraud.
However, no matter how quickly information about new projects is obtained, there are people who are always one step ahead of everyone in terms of new projects, particularly venture capitalists, making it difficult to obtain them at a lower cost.
October 02, 2021, 02:58:26 PM
Misinformation and fake news will always be around us especially in the crypto world where knowledge is an advantage. That's actually the reason why newbies are always advised to do serious research before entering the world of investing and trading. It isn't right to believe in everything that we read online so we should do a long process of learning and discovering.
There are more websites now that just provides their referral links of scam projects or projects that didn't really exist but just fo the sakeof getting investors whom they might victim for their plans to do scam projects. The truth will only be discovered when we fully research the project, team goals, and how they implement their projects. Not all we see on the internet is true, not all projects will give profit. It’s still a matter of experience and how serious we are in finding out whether these coins will have profit or not. Entering the market is too risky so they must b prepare to experience some lost. October 02, 2021, 02:55:57 PM
this becomes very dangerous when everything is not done properly, because this has little effect on the readers, so when there is information that is misread by beginners and they apply it as a reference they are here and tell other beginners then more and more people will stray from a misinformation.
and this cannot be handled quickly because problems like this will continue because the negative impact of the availability of internet access if it is misused by people who have certain goals will be like this.
but perhaps the anticipation we must have is indeed serenity and not easily influenced by anything.
at least this can be useful instead of you joining in on misleading fomo and hype
and this cannot be handled quickly because problems like this will continue because the negative impact of the availability of internet access if it is misused by people who have certain goals will be like this.
but perhaps the anticipation we must have is indeed serenity and not easily influenced by anything.
at least this can be useful instead of you joining in on misleading fomo and hype
October 02, 2021, 02:32:18 PM
It's not the accuracy of information, it's more on the people that are ignorant and that they disregard or don't do any research first because they think that cryptocurrency and all of it's affairs are pretty easy. Plus, a lot of dumb experienced crypto users overhype crypto to the point that it's a lie already.
It's tantamount to inaccuracies just in a different way. Actually people who deliver crypto news are not stupid, because they are only looking for fame and not taking risks that get out of hand. So back to the news recipients because they must know the truth of the information. Obviously, this is due to the lack of a comprehensive level of information retrieval.
October 02, 2021, 11:11:43 AM
There is no way a newbie won't make mistakes at all no matter how hard you try to warn them, but guess what? This is why mistakes are good sometimes it's the only way we will ever grow, we have to make mistakes before we move forward in life so the best advice is we should keep advicing newbies to educate themselves before jumping into anything instead.
October 02, 2021, 08:17:51 AM
Since internet became widespread, misinformation has become a huge problem for everyone, not just people who wanted to get in to crypto. There are tons of inaccurate and misleading materials out there that does not help anyone. This leads to lots of losses in $ and lots of negative impression on cryptocurrencies. At the end of the day, it's still a DYOR and invest at your own risk kind of environment, but if you can help educate, do it to save someone from losing their money.
October 02, 2021, 06:08:54 AM
It is very important as a newbie to calm down when you’re making decisions in the market. As a newbie I never rushed, I made a character for myself to always calm down and look into things before I make my decision. Whenever I received a news I make sure that I first wait to verify if it’s correct or not before I start buying in whatever the news has to say. It has helped me a lot. Some newbies will come and within their first period they are already investing in cheap coins that they know nothing about.
I had to invest in Bitcoin for a long time because I was trying to play it safe, although there are no regrets because Bitcoin itself is very profitable than mist of these altcoins, if not all. When I started investing in altcoins I have already gained much more experience and able to tell easily when a project is a scam or legit.
I had to invest in Bitcoin for a long time because I was trying to play it safe, although there are no regrets because Bitcoin itself is very profitable than mist of these altcoins, if not all. When I started investing in altcoins I have already gained much more experience and able to tell easily when a project is a scam or legit.
October 02, 2021, 05:43:58 AM
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
Sometimes it's the user's fault. Being new to the game is not the reason why they end up being scam. Greediness and laziness are always there. If only these people, like your friend, use their common sense in that scenario, they will be saved from being fucked by that scam coin. Moreover, that experience should teach those people who fall on scams. I've known some newbies that know how to differentiate the scam or not. If they did, others should can.
October 02, 2021, 05:40:01 AM
It's not the accuracy of information, it's more on the people that are ignorant and that they disregard or don't do any research first because they think that cryptocurrency and all of it's affairs are pretty easy. Plus, a lot of dumb experienced crypto users overhype crypto to the point that it's a lie already.
That's what influencers do to influence their followers so that they seem to believe 100% because it shows success, without following up on the truth of the information obtained. Everything is considered right and not wrong at all. We see this phenomenon a lot, especially when a severe pandemic causes people to tend to look for shortcuts to maintain life.I check many newbies fall into beautiful headlines and for very quick profit they invest in scam projects or dumb coins which end in lost, and they have nothing at end they must have to check authentic news or channels for this all and then after better understanding then can take some good return.
October 02, 2021, 03:43:39 AM
Anyway, this is part of the space, and we are always trying to help all newcomers, but their skepticism will cost them other things if they don't want to trade their trust.
Those who rely too much on news influence also need to review their sources as well as draw their own conclusions after the news they receive, personally I think news in this field is just a Part of the important factor is psychological control before the news.
Those who rely too much on news influence also need to review their sources as well as draw their own conclusions after the news they receive, personally I think news in this field is just a Part of the important factor is psychological control before the news.
October 02, 2021, 03:33:14 AM
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin.
The whole cryptospace is a really wild place and can therefore be very dangerous especially for people that are new to this kind of environment. Here we have a lot of scam projects, that are created within a day and their only purpose is to do a rugpull. Then there are the hundreds of meme tokens that came up in the last weeks and months. I am pretty sure that projects made a lot of newbies lose a lot of money and only a few lucky ones made profit with them.
October 02, 2021, 03:15:24 AM
This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
always happens to people who are new to the crypto bussiness circle. they are tempted by the promises offered without seeking deeper information and more sources. and for education like that, it seems that many have done it. but maybe the information not reach to them because they may not find out about it in the first place.
October 01, 2021, 10:37:39 PM
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
Actually, some years ago people suffered from the lack of the information, and now they are suffering from too much information, unverified information that can be just advertisement from bloggers sometimes and people believe opinions of more experienced players and follow them. But we shouldn't rely only on others and learn how to make money on this market on our owns.
October 01, 2021, 01:33:30 PM
Its all about perspective my friend. Considering something as a game doesn't mean that you can't take that thing seriously. A game is a concept of how you will play your cards the right way to win. And winning in this perspective is earning.
But are you sure to think that trading and investing in bitcoin is something that can be considered a money game?Some time ago I had an argument with someone who said that bitcoin is a money game where he said the price was beyond logic. I don't think it's good to argue with stupid people and don't understand what bitcoin is because in the end you will lose by their selfishness and stupidity even though you have shown them facts and evidence. That's what I do. You may need to clear up any misconceptions about something that has great functionality like bitcoin and you shouldn't call it a money game.
October 01, 2021, 09:48:21 AM
Usually the application of this information when a person often does not know where to refer to accurate information. While recipients of information such as beginners tend to prioritize the results of points only. Like most crypto news which only shows profit, on youtube videos, Tiktok and other social media also those who deliberately display profits but do not fully understand crypto flow.
It's not the accuracy of information, it's more on the people that are ignorant and that they disregard or don't do any research first because they think that cryptocurrency and all of it's affairs are pretty easy. Plus, a lot of dumb experienced crypto users overhype crypto to the point that it's a lie already.That's what influencers do to influence their followers so that they seem to believe 100% because it shows success, without following up on the truth of the information obtained. Everything is considered right and not wrong at all. We see this phenomenon a lot, especially when a severe pandemic causes people to tend to look for shortcuts to maintain life.
October 01, 2021, 09:33:25 AM
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
This is very unfortunate and something that is rampant when it comes to financial stuff. Being a financial advisor I am constantly meeting with clients who are always saying "so and so at work said this about the retirement plan" and 99% of the time the information is not only false, it's hurtful (meaning it often does a great deal of harm to ones portfolio)..I see the same here on bitcointalk.. it AMAZES me that so many people are willing to talk out of their ass like they do.
October 01, 2021, 08:56:57 AM
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
Lack of information is the common enemy when something new is being introduced to people, and since cryptocurrency is on the rise, some people lack the knowledge to actually determine what could be a scam and what could be legitimate, if your friend didn't confont you he would have actually lost his money.
Fact checking is something that we actually do not do whenever we invest (this is common to newbies who lack information or literacy when it comes to identifying what is real and what is not), especially when we get blinded by the project's fake promises, and then *poof* the site is gone, everything disappeared, and also the money you invested.
This is one of big mistake by newbie since mostly they always goes hype on something they think profitable that's why they are the favorite target of scammers since they really don't do a proper research on what they are going to invest.
Also they are the one who will defend if there's someone debunk the platform where they put there money on and try to invite more in the name of earning a referral.
And for the scamming happens which is totally visible hopefully all will learn a valuable lesson since that incident is really an eye opener to those people who believe that there's an easy way to earn money.
October 01, 2021, 08:29:13 AM
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
Lack of information is the common enemy when something new is being introduced to people, and since cryptocurrency is on the rise, some people lack the knowledge to actually determine what could be a scam and what could be legitimate, if your friend didn't confont you he would have actually lost his money.
Fact checking is something that we actually do not do whenever we invest (this is common to newbies who lack information or literacy when it comes to identifying what is real and what is not), especially when we get blinded by the project's fake promises, and then *poof* the site is gone, everything disappeared, and also the money you invested.
October 01, 2021, 08:03:22 AM
If those new people can research before investing and not just by reading news, they will not get in the trap of scammers. Sometimes, they do not want to search for more instead just buying the new token and expect to make a big profit in a short time. That can happen if the project is really good and can convince the investors and have good progress or movement in the market.
However, that is not easy to invest in one or two new projects if we do not know much about the project and many of them are using big money to buy at first. That will not recommend for them as they can lose the money anytime.
However, that is not easy to invest in one or two new projects if we do not know much about the project and many of them are using big money to buy at first. That will not recommend for them as they can lose the money anytime.
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