It better for someone to go for search before starting anything so can learn from some body steps,if not you will be the worst part yourself. Many people have make mistakes by taking risk of some things without not search, this type of people end up in losing. Before starting anything may sure you get proper understanding on what you are going for. Ask people so their can share you their experiences, so you can learn from their mistakes
Topic: Learnt from Someone's mistake (Read 548 times)
A lot of times we make mistakes,people make mistakes,we do things that cost us money,but the good thing in making mistake is that,every mistake made is an experience.the mistakes we make are what give us the experience we have.
So many times people make the mistake of taking risk without properly looking at what they are taking the risk for,it leads to mistake that will cost them money.we learn from there mistakes that people make,and try not to make such mistake.
So many times people make the mistake of taking risk without properly looking at what they are taking the risk for,it leads to mistake that will cost them money.we learn from there mistakes that people make,and try not to make such mistake.
Commonly, newbies become the main target of scammers, moreover, those who know nothing interested very easily in big profits even with excessive and looks suspicious profits.
And glad to know that you realized this kind of scam. learning is the best starting point when you are going to this crypto industry. And along with your ways, you will find many more scam projects, investments, and also activities.
So, just prepare yourself.
We really hope that many more newbies or even old people hee are aware of many scam activities even they look so impressive or even so convincing.
Scammers will trap us in certain conditions that we will feel so desired to join.
And about your story, yes, we may find a similar scam story like that, scam investment with very high profits in a short time.
Be careful, scammers are around us
And glad to know that you realized this kind of scam. learning is the best starting point when you are going to this crypto industry. And along with your ways, you will find many more scam projects, investments, and also activities.
So, just prepare yourself.
We really hope that many more newbies or even old people hee are aware of many scam activities even they look so impressive or even so convincing.
Scammers will trap us in certain conditions that we will feel so desired to join.
And about your story, yes, we may find a similar scam story like that, scam investment with very high profits in a short time.
Be careful, scammers are around us
That's why this forum was formed to share experiences with each other that can't be found anywhere else. we can learn the theory about the crypto world from books, the web or youtube but we also need an understanding of real things that have been done or experiences so that we can learn them well, one of them from this forum. Learning the mistakes of others and also our own mistakes makes us learn to better understand the situation because basically experience is the best teacher.
hello everyone my name is Cynthia am in my early 20's first time I would be using the word newbie, but yes I am a newbie, I really don't know if my post will make sense or would be liked, well before now I have lived a life of careless investment along with my friends we are what you can call, bring an new platform/industry and we would invest without doing our research, well I don't know what luck it is called but some way or the other we have always been winning and a small lost here and there, but the winnings are little.
so there was this particular platform, with mouth watering benefits my friend came across on whatsapp called Bitcoin invest, we really didn't know much about bitcoin only that it was a cryptocurrency, infact we didn't know what cryptocurrency is about at this time I had no money, but my friend had money she had kept aside for something very important, she actually joined the whatsapp group and the admin was good with words promising heaven and earth, my friend fell for it (I too would have but I had no money on me or any one kept aside), long story short my friend invested and after few weeks got blocked and removed from the group, she is still devastated up till this day.
since the lost I have taken an interest in Bitcoin and from what I have come across I and my friend has faulted in almost all the don't of Bitcoin or cryptocurrency, we were very reckless and it had to take a misfortune for us to learn, I know many personally who are still making mistakes in cryptocurrency.
I think I have so much to learn and give out to those I can, the few I have learnt
+ don't investment with money that's not yours or you can bear losing
+ don't fall for smooth promises
+ investigate what you want to invest in
Am still learning, I have already read the rules, and am hoping I can become good in cryptocurrency and maybe expose fakes and scams to others around me
a lot of us been there were we didn't that much about crypto or investments in general and how they work and what are the most common scams, and i admit that back in 2015, I almost fell for what I think is the dumbest thing ever, doubling your bitcoin, I Don't know if you're familiar with that but back in the days there were a lot of website claiming that they will double the amount you send them right away, send them 1 bitcoin and get 2 in return, luckily I didn't send them anything but I still thought that it could be legit, now I know how dumb I was, we live and learn, whether it's from our mistakes or others or even mistakes we avoided. so there was this particular platform, with mouth watering benefits my friend came across on whatsapp called Bitcoin invest, we really didn't know much about bitcoin only that it was a cryptocurrency, infact we didn't know what cryptocurrency is about at this time I had no money, but my friend had money she had kept aside for something very important, she actually joined the whatsapp group and the admin was good with words promising heaven and earth, my friend fell for it (I too would have but I had no money on me or any one kept aside), long story short my friend invested and after few weeks got blocked and removed from the group, she is still devastated up till this day.
since the lost I have taken an interest in Bitcoin and from what I have come across I and my friend has faulted in almost all the don't of Bitcoin or cryptocurrency, we were very reckless and it had to take a misfortune for us to learn, I know many personally who are still making mistakes in cryptocurrency.
I think I have so much to learn and give out to those I can, the few I have learnt
+ don't investment with money that's not yours or you can bear losing
+ don't fall for smooth promises
+ investigate what you want to invest in
Am still learning, I have already read the rules, and am hoping I can become good in cryptocurrency and maybe expose fakes and scams to others around me
Well, because of the wave crypto currency is making especially Bitcoin and the many testimonies traders/Investors are telling about Bitcoin, it has become a major medium through which scammers extort money from people...
On WhatsApp for instance, they are many fake groups pretending to be bitcoin's investors but if you read through the names the use, you'll definitely know they're scammers.....
That's why it's necessary to authenticate your account and set it in such a way as to prevent people from adding you to groups without your consent.
Let's be careful.
On WhatsApp for instance, they are many fake groups pretending to be bitcoin's investors but if you read through the names the use, you'll definitely know they're scammers.....
That's why it's necessary to authenticate your account and set it in such a way as to prevent people from adding you to groups without your consent.
Let's be careful.
It's easy to know the fakes. If it sounds too good to be true then it probably isn't. Any investment promising unrealistic profits is a red flag, invest $100 to earn $1000 is a red flag. Traders that won't facetime is a red flag, company owners that are ananymous is a red flag. I watch for these red flags
Well, because of the wave crypto currency is making especially Bitcoin and the many testimonies traders/Investors are telling about Bitcoin, it has become a major medium through which scammers extort money from people...
On WhatsApp for instance, they are many fake groups pretending to be bitcoin's investors but if you read through the names the use, you'll definitely know they're scammers.....
That's why it's necessary to authenticate your account and set it in such a way as to prevent people from adding you to groups without your consent.
Let's be careful.
On WhatsApp for instance, they are many fake groups pretending to be bitcoin's investors but if you read through the names the use, you'll definitely know they're scammers.....
That's why it's necessary to authenticate your account and set it in such a way as to prevent people from adding you to groups without your consent.
Let's be careful.
Unfortunately things like this will always happen because there will always be people interested in making money online, but without enough knowledge and experience to recognize a possible scam.
It is very difficult for beginners to recognize what is the right opportunity and what is a scam, and many people do not understand that both crypto trading and investing in cryptocurrencies are very risky.
The media writes a lot about big profits in the crypto industry and for ordinary people, who are desperate for financial difficulties, crypto seems like a great opportunity for a better financial future.
For more than 20 years I have been making money on the Internet in various ways, and I have already seen all possible ways of fraud, from revshare projects, fake MLM programs, forex trading and much more.
When you come across a financial offer, always ask the following things:
- If your method of earning is so good why do you need other people and their money?
- Why don’t you help your family and friends first and why do you help complete strangers?
- Who are you, your personal data and references of previous work?
If you don’t get the right answers it’s most likely a scam.
It is very difficult for beginners to recognize what is the right opportunity and what is a scam, and many people do not understand that both crypto trading and investing in cryptocurrencies are very risky.
The media writes a lot about big profits in the crypto industry and for ordinary people, who are desperate for financial difficulties, crypto seems like a great opportunity for a better financial future.
For more than 20 years I have been making money on the Internet in various ways, and I have already seen all possible ways of fraud, from revshare projects, fake MLM programs, forex trading and much more.
When you come across a financial offer, always ask the following things:
- If your method of earning is so good why do you need other people and their money?
- Why don’t you help your family and friends first and why do you help complete strangers?
- Who are you, your personal data and references of previous work?
If you don’t get the right answers it’s most likely a scam.
If you find something early $200 in bitcoin in 2015 is now $48000, so what's the point in taking additional risks?
Some people believe that history will repeat itself. If it happened to Bitcoin, it will surely happen to other assets as well. That's the way they think. All we have to do is keep searching for that new Bitcoin. Many missed out on the Bitcoin early days, and they now want to make up for it with an altcoin not knowing that it will likely never happen. 
Why so often do we see stories in which people lose their money, trusting in all sorts of advertisements?
Here gave a lot of good advice on what you need to study the place where you decide to invest your money. But regularly, very scammers use the phrases "limited offer" or "hurry up". It is the fact that someone will be in time, and suddenly make a profit, and I may be late and puts pressure on the psyche of those who frequently fall for scams.
In addition to the advice that offers with good dividends should raise suspicion, it is also necessary to turn on the "brake mode" so as not to rush, but to think about why the organizers would pay more interest, and think that this will most likely be another scam.
Here gave a lot of good advice on what you need to study the place where you decide to invest your money. But regularly, very scammers use the phrases "limited offer" or "hurry up". It is the fact that someone will be in time, and suddenly make a profit, and I may be late and puts pressure on the psyche of those who frequently fall for scams.
In addition to the advice that offers with good dividends should raise suspicion, it is also necessary to turn on the "brake mode" so as not to rush, but to think about why the organizers would pay more interest, and think that this will most likely be another scam.
The most common mistake of a newbie is they don't know how to do their own research because they were blinded by the idea of making money too easy. In fact, there's no easy money because most people work very hard to acquire that while some of them just happened to have a brain yet they didn't use for good but instead they use it for scamming people just like OP's friend.
People think that crypto is just about investing some money and getting rich in few days, in my view that mindset is the biggest mistake that needs to be changed. We read stories of successful traders but nobody read how much time and effort they have invested apart from capital in order to become a successful trader. There is dire need of awareness about crypto trading specially among new comers.
so there was this particular platform, with mouth watering benefits my friend came across on whatsapp called Bitcoin invest, we really didn't know much about bitcoin only that it was a cryptocurrency, infact we didn't know what cryptocurrency is about at this time I had no money, but my friend had money she had kept aside for something very important, she actually joined the whatsapp group and the admin was good with words promising heaven and earth, my friend fell for it (I too would have but I had no money on me or any one kept aside), long story short my friend invested and after few weeks got blocked and removed from the group, she is still devastated up till this day.
I am going to tell you some rules to invest safely:
1) Never invest in what you don't understand. If you are going to invest in Bitcoin, or whatever, read, get informed. In this forum you can ask questions if you don't understand something. If you are going to invest in stocks you can join specialized forums and ask questions there.
2) As you have been told before:
Always suspect when something is too good to be true, it usually is.
A very common scam is to offer exaggerated returns. It seems to me that you don't have much idea of mathematics, but try to learn basic mathematics. Many scams in the crypto world offer you returns of 50% or more daily, which if it were true would make you a millionaire with little initial investment in a month. All the ones that offer you mouth watering returns are scams.
3) If at some point you are going to invest in crypto, although I would recommend that you focus only on Bitcoin, remember that "not your keys, not your Bitcoin". Buying Bitcoin and holding it yourself has proven to be extremely profitable, don't leave your Bitcoin to someone who promises you even more profitability because you risk losing your Bitcoin. If at some point you are going to invest in crypto, although I would recommend that you focus only on Bitcoin, remember that "not your keys, not your Bitcoin". Buying Bitcoin and holding it yourself has proven to be extremely profitable, don't leave your Bitcoin to someone who promises you even more profitability because you risk losing your Bitcoin.
The crypto world is really a harsh world. There is no one that you can depend on except yourself that's why you need to know what are you doing, learn carefully what is it all about. People can learn from their own mistakes but also could learn from others. This forum is a great place to educate ourselves about cryptocurrency and we need to be grateful for that, so keep learning and don't be careless.
It is in making mistake we tend to know what doesn't work from what actually works. But it is always a pity investing blindly, and most devastating when actually the capital is a borrowed money.😭😭😭. And that's why here we always advise people to "DYOR" Do Your Own Research before venturing into any investment
It's good that you've learnt from the mistake of your friend.
That's why I always say that if you deal with an investment company or a broker, you should only deal with a regulated entity.
Too many crypto bucket shops now.
Learning is versatile knowledge and the reason we have to correct our mistake is not to fall the victim of someone have fall or made before, that's while it's important as beginner to the learn from the old user in any instructions or organization we found ourselves. Learning and Observations is the primary or elementary priority of everyone who want to acquire knowledge without been devastated in direction, actually without you haven't made a mistake of your own, human won't be curious or serious about its own development, I'm using this medium to recapitulate that we have to learn from whosoever to achieve our goal and escape from mistake. That's why I always say that if you deal with an investment company or a broker, you should only deal with a regulated entity.
Too many crypto bucket shops now.
It's sad if everyone keeps on making the same mistake. The wise uses the mistake of others to learn a great lesson, doing this will make one to grow. Waiting to learn from self mistake it's pain and risky especially in cryptocurrency world.
It's good that you've learnt from the mistake of your friend.
That's why I always say that if you deal with an investment company or a broker, you should only deal with a regulated entity.
Too many crypto bucket shops now.
That is why I do not have too interested to make an investment in the investment company because we can not control the cash flow of the money.That's why I always say that if you deal with an investment company or a broker, you should only deal with a regulated entity.
Too many crypto bucket shops now.
We let them manage the money but on the other side, we have a risk if they do not work as they promise.
When we can learn from other people's mistakes, we will know how to prevent or manage the risk and even if the risk still happens, we already have a way to anticipate it.
One thing that we must remember, if the offer looks too good to be true, we really need to be careful and must research for more to find if that is real or fake.
Now many cryptocurrencies investment sites with promotions will get a lot of results. But it only lasted some time. In the beginning, the site was still paying, but it couldn't withdraw for some time, it didn't enter and the site had an error and couldn't be visited. My advice is not to be too easy to trust to invest in new sites that do not know the track record.
The one thing that is always true when it comes to avoiding scams is that "IF the offer is too good to be true" It must be a scam.
The investment that is guaranteed to be real is the top coins in crypto that are listed in various exchanges, which would be hard to dispute but there are still side chains that could be scams as well. Recently there was even Squid Game coin. So it's better to just invest in existing projects and not the new ones and this is learning from someone's mistake.
The investment that is guaranteed to be real is the top coins in crypto that are listed in various exchanges, which would be hard to dispute but there are still side chains that could be scams as well. Recently there was even Squid Game coin. So it's better to just invest in existing projects and not the new ones and this is learning from someone's mistake.
It's good that you've learnt from the mistake of your friend.
That's why I always say that if you deal with an investment company or a broker, you should only deal with a regulated entity.
Too many crypto bucket shops now.
That's why I always say that if you deal with an investment company or a broker, you should only deal with a regulated entity.
Too many crypto bucket shops now.
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