Topic: Crypto misinformation is turning into an issue for people new to the game. - page 3. (Read 589 times)
October 01, 2021, 01:46:17 AM
wrong information often creates problems for us beginners, sometimes we are just learning to invest in bitcoin, feel doubtful, because we always hear negative news about bitcoin, and sometimes we beginners easily believe the media that posts negative things about bitcoin, now I will continue to invest in bitcoin, from now on I will never trust again, with media or posts that spread false news about bitcoin..
October 01, 2021, 01:32:20 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.
Being skeptical and using your common sense to whatever information we see in social media platforms is really a good trait for people who's still new in crypto world and it will definitely save you from fraud/scams. Just like what most people say, If its too good to be true, then it probably is. So always seek advice for veteran people in crypto and take it into consideration for your decision making.
September 30, 2021, 04:40:51 PM
Truth is, no matter how you want to say it, someone will always fall a victim. Crypto scams started long ago and since then, there has been threads and blogs teaching people how to spot them and how to keep away from them, but, even as I type this, it's sad that someone is falling for some fake investment scheme. I'm really hoping that they apply common sense when they face scammers and if they fall, I hope that serves as a lesson. Besides, I don't blame the newbies: these days, fake/scam crypto projects are disguised!
Common sense sure, we could probably do with more of that in the world. However, misinformation isn't something that is easy to spot when you are new to something. Bitcoin is also incredibly complex, and some of the misinformation out there isn't actually intentional. You only have to go over the Development, and Technical Discussion section, and you'll see users getting it wrong unintentionally all the time, that isn't a problem though, it's when someone thinks they know something, and decides to make a guide or educational post about it, which we've definitely seen in the past. September 30, 2021, 04:09:11 PM
Truth is, no matter how you want to say it, someone will always fall a victim. Crypto scams started long ago and since then, there has been threads and blogs teaching people how to spot them and how to keep away from them, but, even as I type this, it's sad that someone is falling for some fake investment scheme. I'm really hoping that they apply common sense when they face scammers and if they fall, I hope that serves as a lesson. Besides, I don't blame the newbies: these days, fake/scam crypto projects are disguised!
September 30, 2021, 03:57:45 PM
Maybe a solution is to adopt a top answer feature in the forum. Let's say there's a misleading info thread, A bot can automatically choose the best answer based on the merit received of a certain post just like on Quora which really help user to filter the quality answer out of the garbage post.
I don't think this forum or any other forum is the problem, yeah there's misinformation here, but when it's posted on a forum like format it's more likely to be called out by other users, and debunked. I think it's the news sources that the general population sort of trusts even by just reading the title that's the problem. I have no solutions to the problem, since the only way you would be able to do it is via censorship, and that definitely isn't an answer, potentially governments could be persuaded to bring in legislation, after all they should really be against misinformation, even if it's for a currency that they might not want to support. September 30, 2021, 02:57:31 PM
~
Thing is scam would be always everywhere. Everything that would involve money and worse it is being done digital. This time I am wondering if my colleagues are going to be scammed anytime soon, now that NFTs are like pretty hyped here in my country and they buy this and those relentlessly just because a certain "someone" referred them that it would go 8x or even to the moon. It is a dangerous world out there, OP.OP, this thread seems to be more fitting in the Altcoin board since it is not focused that much to Bitcoin.
September 30, 2021, 02:36:15 PM
Fake news are everywhere. It's not just about crypto currencies. If someone reads a news and starts believing it without even trying to find out if its true or not, then its the users fault for being extremely gullible and not even trying to verify the facts. Read news from authentic sources. Try to verify the claims. Don't read random clickbait facebook or twitter posts. It's that simple, isn't it?
September 30, 2021, 01:56:01 PM
It's a common issue, especially on the forum. But it's not hard to verify a subject to the internet nowadays. You can't trust blindly in the internet world. I know a lot of misinformation threads around the forum. But I notice then mentioned there, so others could read it. Sadly we are very lazy. We become conscious after an incident. Before that, who cares?
So just be careful from misinformation spreaders. Don't trust without verifying information. If we don't have enough knowledge about cryptocurrency then spammers could confuse us soo quickly. It's quite important to learn in a proper way regarding cryptocurrency to identify misinformation ad well. Otherwise, we don't know who is right and who is wrong.
So just be careful from misinformation spreaders. Don't trust without verifying information. If we don't have enough knowledge about cryptocurrency then spammers could confuse us soo quickly. It's quite important to learn in a proper way regarding cryptocurrency to identify misinformation ad well. Otherwise, we don't know who is right and who is wrong.
September 30, 2021, 01:46:09 PM
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.
Indeed, there are more fake information regarding crypto and fuds are spreading quickly. But looks like, you're talking about shilling groups where any shit/scam projects are promoted as those will take bullish rally and everyone's will be next millionaires. We can't stop those shillers as they're everywhere and even many of those are on forums to shill projects. So we just need to be aware from those shillings, thus we can prevent any losses, IMHO. 
September 30, 2021, 12:13:46 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.
You are right, there is such a problem in the crypto market. The flow of information about the offer to invest in cryptocurrencies is very large and, of course, there is misinformation or, in other words, deception in the flow of this information. Only an experienced player can identify a deception on their own, but beginners very often believe in beautiful headlines and deliberately invest in a scam. To avoid losing your funds, you need to learn to distinguish between real information and deception, but this can only be done through personal experience. You can end up asking for help, but where is the guarantee that you will not be deceived even there.
September 30, 2021, 12:02:33 PM
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. 
September 30, 2021, 11:51:53 AM
Quote
Crypto misinformation is turning into an issue for people new to the game.
I want to know Why is this considered a game?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.
September 30, 2021, 11:43:54 AM
I think that it must be a mandatory for those who plan to register on exchanges to pass Cognitive Abilities tests because people buy coins blindly. I don't take seriously someone who buys Shib coin after reading meaningless posts on reddit.
It's just curious, person sees a coin on telegram groups or somewhere else where there are signals whether coin will rise or fall in certain moments and people think that these kind of signals are real. It can be real but after all, it's scam project where the owner / main group is prioritized and you are looked as their puppet. Maybe they benefit you with some signals but some will fail for you but not for them. It's just very funny when one person tells you that he will do all the research, etc just to benefit you and make you rich and then you blindly believe that.
It's just curious, person sees a coin on telegram groups or somewhere else where there are signals whether coin will rise or fall in certain moments and people think that these kind of signals are real. It can be real but after all, it's scam project where the owner / main group is prioritized and you are looked as their puppet. Maybe they benefit you with some signals but some will fail for you but not for them. It's just very funny when one person tells you that he will do all the research, etc just to benefit you and make you rich and then you blindly believe that.
September 30, 2021, 11:36:25 AM
Behind this industry, there's immorality and cryptocurrencies are made in a way to attract people and make them believe they can become richer by investing on them. What happens is that they act at the expense of others.
For example, a millionaire may advertise themselves along with a new token and suggests from their crowd to invest into it. Once the millionaire wants to “cash out” their crypto-belongings, as what most of the millionaires who enter this field want, they'll harm the rest, newly appeared investors who think likewise.
The system encourages this expense; let alone the spreading of misinformation which is usually propaganda.
My advice to the newcomers is: You wanna make some hard cash? At least read what the hell you're putting your money into it. Educate yourself. Don't let others put the fish in your mouth; learn fishing!
For example, a millionaire may advertise themselves along with a new token and suggests from their crowd to invest into it. Once the millionaire wants to “cash out” their crypto-belongings, as what most of the millionaires who enter this field want, they'll harm the rest, newly appeared investors who think likewise.
The system encourages this expense; let alone the spreading of misinformation which is usually propaganda.
My advice to the newcomers is: You wanna make some hard cash? At least read what the hell you're putting your money into it. Educate yourself. Don't let others put the fish in your mouth; learn fishing!
September 30, 2021, 11:28:41 AM
Quote
Crypto misinformation is turning into an issue for people new to the game.
I want to know Why is this considered a game?Bitcoin is not a money game and I would never agree that someone would be right enough to call it a game. Bitcoin is a modern payment system where users can easily send money to recipients anywhere and anytime without/ with a much better level of privacy compared to bank transfers. Bitcoin has a good reputation as a currency and bitcoin has also helped users to benefit from other functions. Misuse of functions is a natural thing for irresponsible people because they want profit so that the negative effect will lead to bitcoin. Ponzi investing, other scams in the name of bitcoin are some examples of real money games but that cant be the reason why bitcoin is called a game as it is only misused as an instrument for personal gain.
Newcomers should be well equipped with knowledge before they use their money for investment. Basic knowledge is mandatory for them so as not to fall into misleading investments. There is no reason to even try because losses are real things and can even happen to anyone if you are not careful.
September 30, 2021, 11:20:06 AM
Crypto currencies are ideally suited to the gullibility and greed of people, because the price possibilities are outrageous. People have seen what one tweet from Elon Musk can do to Alt coins like Dogecoin or Shiba Inu .... so their normal judgement are clouded, when it comes to anything Crypto related.
They also saw what happened to Bitcoin's price since it's launch and they are hoping that some obscure token can do the same. It is things like this that are driving the hype and the greed.
They also saw what happened to Bitcoin's price since it's launch and they are hoping that some obscure token can do the same. It is things like this that are driving the hype and the greed.
September 30, 2021, 11:14:47 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.
September 30, 2021, 11:08:49 AM
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.
September 30, 2021, 10:48:20 AM
Maybe a solution is to adopt a top answer feature in the forum. Let's say there's a misleading info thread, A bot can automatically choose the best answer based on the merit received of a certain post just like on Quora which really help user to filter the quality answer out of the garbage post.
I think it won't help to much, if you search a Bitcoin information on google you'll get many misleading sources and not from bitcointalk. This forum doesn't have enough SEO rank to beat some top sources (e.g. cointelegraph, bitcoin(dot)com etc). I don't know it's bot or not, but merit amount has an impact to be appeared in the top result if you include "bitcointalk" on search box.
September 30, 2021, 10:31:19 AM
This has been a problem ever since. And, admittedly, this is hard to combat. For as long as the crypto market is showing proofs that it is indeed possible for a token to grow double or triple in price in just a matter of days, there will always be people who will risk investing in unknown tokens. The risk is always high but since the reward is also high, there will always remain some who will take the risk. Education would help, of course. But when it goes contrary to what some have actually experienced, its effectivity would lessen.
And that is one reason why they fail because they become greedy and misinformed. People think that this was an investment to become rich, they keep that belief until they found it wrong and leave. But for those who clearly understand the risk in crypto, the more they become resourceful and the more they become careful with their actions and decision-making.Thus, if we are new to crypto investment, we shouldn't be confident enough of what we've know from the internet alone, it sometimes needs to experience and do market exposure just to know how it really works.
Jump to: