Topic: Learn from other person's mistakes (Read 585 times)

And the cryptocurrency industry is full of such fools, lol. 
You will barely find people learning from the mistakes of others when they get into trading and other cryptocurrency activities. They only learn when they face the negative consequences of their actions. 

This applies mostly to newbies who don't focus on learning and knowledge and are always looking for shortcuts to success.  They lack research abilities or maybe don't know that there is a thing called research. 

What if that person don't see anyone making those mistake? Its not possible to know about a the mistake from others. Most of the time people made mistake of their own and learn from it. If you saw someone made a mistake and don't learn anything from it or don't even try then you are fool or lazy. Mistake is a stairs that can help someone to claim the tower of success.

there's no safe on the internet today, so one of the best ways is to make yourself knowledgeable about the possible attacks or make an additional layer of your security through your device, or even the ISP you are using most of them now are configurable, make the participation of your wallet, if you can afford have an investment I guess you can afford to for your security. If you are active in different earnings like NFT, staking and etc. ideally you must create a burner wallet so you don't need to worry because it's just a spare wallet, and create a different wallet for your trading and long-term holding of assets. There is no safe now in the internet one mistake you will possibly lose information or even money.

To be honest, I've no sympathy for the man in your story. He had that enough ETH but couldn't take out time to study various ways to safeguard his wallet. The joke is on him. I talked about burner wallets in one of my posts today and why it's necessary to create one. How do you link airdrop activities to your main wallet? That's really dumb. Even when the victim observed certain abnormalities while signing the transaction, he still went ahead to authorize it. He asked to be scammed. That's what it looks like. Anyway, I hope he learnt a big lesson from that to equip himself for further scam attempts to come. Everyone should take heed lest they also fall into the same trap. Activities of scammers do increase greatly during bull run and that's what we've begun to see now.

As the famous saying goes “Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.” ― Otto von Bismarck.  You do not need to experience all things in life just to learn about them.  Most of the time you can hear the stories of other people (yes not only mistakes but also misadventures, anecdotes, successes) and learn from them.  This is also why people always seek a mentor.  By having a mentor in life (in this case about crytpo), then you can say that you are ahead because you can access the knowledge of someone more knowledgeable than you which will help you to prevent risky endeavours but will only go to calculated risks investments.

The more people become aware of how easy it is to lose your funds and holdings in crypto then the more alert and security conscious they would be, most person's just rushed into crypto bought a token or coin and kept on their wallets, they don't even know what their private keys are or even the basic of what they are doing, and most of them are this that came in because of the money aspect than the empowerment crypto currency has brought to us.

Learning about security must be the first thing newbies must do if they want to really stay safe in this crypto verse.

Wallet security practices and financial privacy protection are important when you are involved in the crypto industry. You should never take the little things for granted when you have a lot of assets, such mistakes will result in losses you don't want to see. Regret usually comes too late and it is no longer useful to regret other than just improving.

But I like this mindset; You don't have to make mistakes to learn - learn from other people's mistakes. But not everyone can avoid mistakes even if they are absolutely sure they have done everything right. There is always a risk of being detected or not - someone will even be considered guilty if they simply keep all their assets in one wallet.

Always mistakes lead to losses. Beyond any doubt,in ccryptocurrency,mistakes always bring llosses. Because the foundation of cryptocurrency is based on finances, i.e. money, if you make a mistake, you will suffer a loss, so everyone here will give you advice to be careful because they know the losers who can make a mistake. 
 
I personally say every time that from the beginner to the expert, every person should leave everything and put more emphasis on what stance I have in terms of privacy, whether I am safe, that is, whether my investment is safe. or not like I said to keep the fund or on which exchange to trade or which exchange or which wallet is best and most secure. But you should think about going further. Because if your security stances are based on weak and inappropriate measures, then you can get nothing but lose. This is the step from which other steps start towards the crypto industry. If this step remains strong, it can be easy in the rest, and if this step remains weak, there can be 100% fear of loss from the beginning to the end, that is, fund loss.

The day we quit learning the day everything ends, learning keeps  one going that we can not do without it. And one of the good way of learning that should not be taking for granted is learning from other peoples mistakes and not from your own personal mistakes.  Learning will help and prevent people from so many mistakes that can lead to damages and loses.  Learning makes cryptocurrency interesting because cryptocurrency has to do with new ideas which if we don't learn or from people's mistakes and thier ideas it can cause another mistakes for us.

Everyday people make different mistakes and it is important for us to take note of the mistakes people makes because mistakes in cryptocurrency are always terrible that always leads to lose of money. It is important learning should be applied in the everyday of life to make cryptocurrency a very interesting one.

We should learn from failure. To us, failure seems to be a negative and bad thing but actually through this failure we find the real secret of our life. I think no one's life is complete without failure. I know that success is built through failure. There are failures behind the success of the successful personalities of different countries of the world. There are many people who find success in their lives only after the big things in their lives.

We should understand how we learn from failure. Many times we make mistakes and then regret that we could have done things differently. This is the regret or failure that we will later learn from and not make the same mistake again. We may have heard the story of failure of Robert the Bruce who managed to win the battle at the last minute despite repeated failures in the battle. So we should learn from people who have failed repeatedly in their lives and succeeded in establishing themselves.

There experiences is good tool for us to learn something especially if we want to know that what are the things we need to consider to avoid so that we will not lose and experience bad things since its really bad for us to lose especially on unknown situations.

Good that we have different kinds of platform which we can search any information and statements regarding on their experiences thru what we are trying to learn from them. Its better for us to know what's secured and what is not so we can make our funds safe at any means that can cause us harms. I know sometimes its hard for us to understand things but consistent reading of information place for sure we became more great especially for taking critical decisions for safe keeping our funds also with investments we made.

I agree learning all the time is important for growing and getting better. We need to stay focused and keep learning to know more and get better at things. Learning from others mistakes can help us not make the same mistakes and save time. Learning is always a good thing because it makes our lives better and gives us new chances. We should keep learning throughout our lives and always try to get better.

In learning, we should not relent, we should not be weary for it, we should be more focused and be consistent in it, we need to go on with the learning on daily basis, we cant afford to be retarded in knowledge, we have to give it all the necessary efforts needed to see a continues learning is sustained in us, we should not mind the cost because it always pays to learn from other peoples mistakes than when we are learning from ours.

Hi, can u please help me. I dont understand trading, i am JUST trying to help my dad who tried to trade. We dont know if Its scam.
Well He was trading with appparently booker on some page. Since He earned some money they tried to withedraw And my dad got email from AML that they want to check if it really HIM And He needs to send 50% to that account. To they accepted And Now He has got his money in MetaMask wallet in USDT.  Is it correct way to play 9 % has to withedraw money from MetaMask?
I am going to quote from email what AML sent him to complete to withedraw his money. Does AML send emails like this?

...All Czech and foreign nationals will have to: comply with all financial reporting requirements, use only bank accounts and cryptocurrencies with real and official names, perform user identity verification (KYC), certify information security management systems, confirm their turnover and confirm that the amount is yours, for which purpose top up their cold wallet with 49% of the amount. From 28 March 2022, each transaction will be verified by the AML and then completed.

 

To complete the transaction associated with the approval, the customer is asked to:

1. First transfer 49% USD from your personal bank to your Kucoin account.

2. Then buy USDT for the full amount.

3. Please send the USDT to your Exodus.

4. Then send the USDT from your Exodus to your Kucoin account.

5. Withdraw the full amount of USDT to your bank account.

 

After transaction, your amount will be transferred to your account within one business day.

Please van someone help me. I know my dad Is silly 🙈😭 He invested big amount of money...

We don't always learn from the success of others but we learn a lot from the failures of others. It is not that we only learn from the failures of others or the mistakes of others, but we learn more from our own failures than we do from the failures of others. 

To achieve success in life you must fail, once you succeed when you fail you will realize where you were wrong and where you should have corrected your mistakes. When you realize your mistakes and re-direct your activities for success, you will see that what happened to you is permanent and that success will last for you. Sometimes people around us do things that bring bad things to them and at that time we should learn from them so that we don't do the same mistakes in future. Just as the success of others teaches us, the failure of others teaches us a lot and we must try to take those lessons.

You can learn from someone mistakes either by reading the person past direction he or she took that made such person to loose everything like the way they use to tell the crypto users to always write their seeds phrase down on a safe place because people have experienced negative things from such situations that made them to lose all their money for other users to learn from their mistakes.

There is a way you will make your wallet to be secure, nobody can hack your wallet because, all the details about that wallet are in your hands but the day you exposed the details to other people, you will start experiencing some negative things from your wallet.

A problem someone in this forum indulging self into or involved in self into is not supposed to be affected to any other person that have known the rudiment of forum so he is not supposed to allow mistake of someone to affect you that is totally wrong because the mistake has already happened and they are supposed to learn from that mistake someone explained and also someone not it down so such a mistake supposed to be avoided and such mistake is not supposed to meet up our offspring in the community here

This is almost impossible to accomplish, since in order to receive a retrospective airdrop, you will need not only to make transactions on the blockchain, but also to place your funds on lending platforms. So having an empty wallet, you will definitely not eligible the rules when distributing airdrop.

Many newbies would rather ignore warning signs and learn from  their own mistakes instead of learning from other people's mistakes. Most times, their actions are not deliberate. They ignore warning signs when they do not pay attention to other people's experiences, they don't bother reading security tips because they keep assuring themselves that they are capable of protecting themselves from scammers. Scammers are not relenting in any way. Everyday they keep devising new means of defrauding people. We too should not relent in being vigilant and keeping watch over our investments. Pay attention too to every details so we will not be victims of ignorance.

To be honest that's a lot of money for one to lose on a festive period, I wonder how the scam victim felt when he realized that he's been scammed, ignorance have really put people in a he'll lot of trouble and I believe that person have learnt from his experience and would never make such mistake again. Atleast he'll be very careful henceforth and would try to do a proper research next time before going into any project. We're humans quite alright but we should be able to learn from our mistakes so as not to repeat same thing in future.
 However sometimes people are aware of the risk they're about to take but then decide to depend on luck, we'll this should be an example to those that claim to be risk takers (not only newbies) but everyone here to be careful of certain risks and also make proper research about a project before venturing into it, there's a saying that "once beaten twice shy".