Reason Why People(Mostly Newbies) Fall Victim To Scams Easily.

Taskford

hero member

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Merit: 783

Quote from: Masplanc on October 17, 2022, 06:28:05 PM

Many people know bitcoin as a digital currency that has value if invested. They don't know about volatility of bitcoin, how is happens if it gives anyone awareness before it happens. The problem most people have They feel lazy to learn what they have interest about. They only want to learn in hard time, when things are not going well for them.

Some people have full interest but they fall on the wrong person, they think those people they meet online are professional and they could learn something with them together earnings good amount it turn out bad since they got scam by them. This scenario always happen that's why on early stage of our participation on cryptocurrency aside learning something on the alts itself. We also need to know the intentions of people because from this we can avoid those scammers and can filter legitimate people who can help us grow and work with more projects.

Masplanc

member

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Many people know bitcoin as a digital currency that has value if invested. They don't know about volatility of bitcoin, how is happens if it gives anyone awareness before it happens. The problem most people have They feel lazy to learn what they have interest about. They only want to learn in hard time, when things are not going well for them.

meser#

legendary

Activity: 1358

Merit: 1000

Some of us learn something by going through painful paths. Sometimes even experts can fall into the trap. First of all, we must not forget that we can find free cheese is in mouse traps! Secondly, we must not forget that there is no rush for earning. We can lose in minutes what it took years to earn. Learn from yesterday, but don't get stuck! Congratulations! If you understand the meaning of these steps, we can say that you are get rid of the mind of the gambler

With this way, your rate of not being affected by scammers has increased

Gallar

sr. member

Activity: 812

Merit: 365

why are beginners often deceived, because they enter the world of trading without sufficient knowledge, they only have the desire to be rich without learning to the fullest about what trading is, then mentally they are not ready, because learning to trade requires a strong enough mentality and consistent too, but that's a beginner who is really a beginner, because basically if a beginner is deceived, at least it's a lesson for them and let alone a beginner who is already a senior sometimes there are still people who are deceived, so the point is that we learn and learn again.

Patigi

jr. member

Activity: 476

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Trident Protocol | Simple «buy-hold-earn» system!

Most of the time, it happens to newbie who are eager to succeed quickly. These are the kind of folks who won't inquire or conduct further research before acting. Some people think that because Mr. A purchased a car when he traded these kinds of tokens, they will be able to purchase a car as well. As a result, when they arrive, they only see scammers promising that they will double their money when they invest $100. As a result, they invest $100 to send money to the scammers without even considering whether the scammer will have time to advertise if they were truly successful.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: AakZaki on September 01, 2022, 08:30:44 AM

Quote from: Yamifoud on June 27, 2022, 08:00:21 AM

Too much greed is an unhealthy mindset and most of them ( I think the majority) had fallen to losing ends.
- too much greed
- knowledge
- experience

These are the most probable cause that newbies or some people become a victim of scam projects. And this was the reason also why people had changed and growing as they learn a lot from their bad or worse experiences that open their eyes and see the reality of the market.

greed will become a ticking time bomb and this will have a detrimental effect. Greed doesn't matter whether someone is a beginner or not, some of those who are already professionals are also caught up in greed. This is indeed an unhealthy mindset and requires self-introspection so that it does not become a trait that continues to emerge.

Aside from greed, lack of knowledge and experience will also be great factors for you to end up in scams easily. Since you want to explore the whole crypto market and it’s different opportunities, then maybe the reason why some become blinded with the huge offers and fail to trace the red flags that scams are very capable to.

btcbeograd

newbie

Activity: 39

Merit: 0

People just love "easy" money so much, that they are ready to take stupid and not well-thought risks.

Pmalek

legendary

Activity: 2730

Merit: 7065

When I talk with my close friends who know that I am into bitcoin, I sometimes get the feeling like they want to say: yeah that's all good, but what is next? Like, what will be the next bitcoin?

Since bitcoin is looked at as a speculative asset by many, they believe the ship has sailed and it's too late to invest now. Bitcoin will never again make those 1000x returns and so on. They believe the right course of action is finding the next bitcoin before it's too late. That's when they ask me what do you think about this alt or that alt. Most of it are plain out scams, shit coins, and some phone mining apps.

I find it very hard personally to change that mentality and make them understand the difference between Bitcoin and everything else that came after it. Then I remember that satoshi once said something like "If you don't get it, I don't have time to convince you".

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

For some beginners, it will be a good sign if they are only deceived by scammers once. This is a fantastic experience and practice that is more valuable than theory. We talk daily on the forum about the dangers of the Internet, about scammers, and in particular about the need to carefully double-check everything before investing your money in any project.
But it has been repeatedly observed that if a person once encounters scammers, it leaves a good scar and constantly reminds him that he should no longer be so gullible.
In addition, if a person does return to crypto after cheating, this also indicates that he has serious intentions and will not back down from learning.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Laurendaldin on September 13, 2022, 06:38:00 AM

The main reason is not only the "desire to get rich overnight" I would say. It is a lack of knowledge. When you are inexperienced, it is easy to deceive you, which is what scammers use. Actually, I've been in situation like this myself. I think you should always remember that you are not risking numbers on the screen, but your real money, and carefully check what you are getting into.

There are very few newcomers who try to conduct DYOR before investing. It is the lack of knowledge about how the cryptocurrency market works, coupled with greed, that pushes newcomers to search for various ponzi schemes that offer to quickly increase your deposit several times.

Laurendaldin

jr. member

Activity: 126

Merit: 4

The main reason is not only the "desire to get rich overnight" I would say. It is a lack of knowledge. When you are inexperienced, it is easy to deceive you, which is what scammers use. Actually, I've been in situation like this myself. I think you should always remember that you are not risking numbers on the screen, but your real money, and carefully check what you are getting into.

Markinzo

member

Activity: 336

Merit: 41

Quote from: Taskford on June 07, 2022, 09:22:41 AM

Quote from: Maus0728 on June 07, 2022, 08:05:50 AM

Quote from: Fivestar4everMVP on June 07, 2022, 06:55:41 AM

you can trade actively on the side. Could be P2P or actual spot or futures/margin trading on the side to make little profits on the way up.

It's easier said than done.

Trading is one of the most difficult games you'll ever play, because you're competing against a group of individuals who have far more resources, are far more informed, and far more intelligent than you. You'll also be up against those who have insider information, better financial means, and, most significantly, more experience.

If there is anything a newbie can do, it is to forget they can earn at least a penny but rather to survive in the long run -- of course, with the help of educating yourself.

Some other people suggest about trading and telling butterfly words that this is much better than any ponzi schemes because they can actually earn money here but they forget to tell how technical this area is since even if how good we are in trading still this will not give any guarantee that we will be totally get rich if we do trades.

Education is must be a priority to certain individual who want to became a trader because this will dictate their survival especially the market is so unstable and unpredictable.

Trading in the outlook of it all looks juicy for a newbie seeing how an experience and more older person in the business is making profits but would fail to understand that the person might have passed through rigorous and ugly experience of losses to be able to start doing fine in the cryto trading.

Here it's about putting self efforts and making up your mind that it's either a loss or win thing. And it's only when newbie's understand this side by side can they accept and learn from both the good and bad side of trading for them to improve.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: khaled0111 on June 24, 2022, 06:37:06 PM

Greed and the false idea some people have that they can make huge guaranteed profit by investing in cryptocurrencies are the main reasons why many fall victims for those scam attempts.
Lack of knowledge isn't an excuse, in my opinion, because even if you don't know anything about cryptocurrency, it shouldn't be hard to realize that there is something wrong when someone offers to double your money in few days or tells you he has a magical trading strategy which can generate a huge profit.. Some scam schemes are too obvious but people still for them.

It's a clear manifestation that people do not fall on scammer's traps not because they are less knowledgeable or no knowledge at all, but because their greed makes them wrong decisions and resort into wrong actions. And since scamming has already become a trend not only in crypto but in all sorts of investments, then it's already an initiative that once you see red flags on them, then just stay away and never try to entertain them at all. Otherwise, you'll making easier for them to scam you and lose all your money.

Rockstarguy

hero member

Activity: 1050

Merit: 592

God is great

Quote from: Yamifoud on June 27, 2022, 08:00:21 AM

Too much greed is an unhealthy mindset and most of them ( I think the majority) had fallen to losing ends.
- too much greed
- knowledge
- experience

These are the most probable cause that newbies or some people become a victim of scam projects. And this was the reason also why people had changed and growing as they learn a lot from their bad or worse experiences that open their eyes and see the reality of the market.

Greed is always like a trap to people that wouldn't be easy to escape it, most expecially newbies. Some people believe cryptocurrency is what money can be made from it uncontrollably. Most newbies thinks the amount of money used in investing in cryptocurrency will be made double in short time .

Greed and lack of knowledge is one of the major factors that is common why crytocurrency loss money. Investing to make money in a short time and having no knowledge if the project is a scam project or not .

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: Yamifoud on June 27, 2022, 08:00:21 AM

Too much greed is an unhealthy mindset and most of them ( I think the majority) had fallen to losing ends.
- too much greed
- knowledge
- experience

These are the most probable cause that newbies or some people become a victim of scam projects. And this was the reason also why people had changed and growing as they learn a lot from their bad or worse experiences that open their eyes and see the reality of the market.

greed will become a ticking time bomb and this will have a detrimental effect. Greed doesn't matter whether someone is a beginner or not, some of those who are already professionals are also caught up in greed. This is indeed an unhealthy mindset and requires self-introspection so that it does not become a trait that continues to emerge.

Dunamisx

hero member

Activity: 952

Merit: 555

Quote from: Seyifun on June 12, 2022, 04:09:44 PM

The believe of some people is that once you start cryptocurrency you will start earning money immediately and this make them to be subjected to scammers.

That's why bitcoin is jot a ponzi scheme that accepts trolling in from any angle, you learn, build and stand an expertise before the engagement with enough patient.

Quote from: Seyifun on June 12, 2022, 04:09:44 PM

My advice for the newbie is for them to calm down and be ready to learn. They should allow someone to mentor So that they too can become an expert

Good advice, every master emerge from dedicated servants, newbies need to learn how to bend their rules down to the acquisition of knowledge regardless of the source.

Quote from: libert19 on June 12, 2022, 10:38:00 PM

Let me guess, it's because they are newbies? Roll Eyes

And that they failed to realise the fact that they need to learn.

Penelope Wheeler

newbie

Activity: 16

Merit: 0

Most newbies focus on getting profit quickly which isn’t the case. You need to give time as investments are fruitful only after a few years. If you invest a lot of money in the beginning, chances you lose it all go higher. You need to invest a moderate amount where you watch out for risk and make money at the same time. To get financially independent, time is of the essence.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: maydna on June 26, 2022, 04:10:53 AM

Quote from: Viscore on June 25, 2022, 11:16:40 AM

Newbies are mostly greedy and that they always expect that investments comes with guaranteed profits, the reason why they take every chances in every projects that promise huge profits. If not for their greed, they won’t end up being scammed easily. Also, most of the newbies lack knowledge and experience so their decisions are just only for trial and error, they don’t have various experiences to consider so they would end up with a right and fixed decision in investing.

Greed will come when we want excessive profits even though we have already made profits. Or the newbie joins a program or project that promises to provide great returns over time. If beginners can find out more information about the project, they can find out that it is a scam or a project that has the potential to improve. This triggers beginners to get scammed because of the lack of information about what they will follow.

Too much greed is an unhealthy mindset and most of them ( I think the majority) had fallen to losing ends.
- too much greed
- knowledge
- experience

These are the most probable cause that newbies or some people become a victim of scam projects. And this was the reason also why people had changed and growing as they learn a lot from their bad or worse experiences that open their eyes and see the reality of the market.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: Fivestar4everMVP on June 07, 2022, 06:55:41 AM

The problem is that the majority of people, investors, traders (most especially, newbies) come into the crypto currency space with the mindset or rather, expectation of getting rich overnight.

This can be avoided if they just tell to themselves that there is really no way to become rich fast unless they win the jackpot in a lottery which only happens to a very few people. People that fall into scam are usually in desperate need for money. Even if they know to themselves that it is too good to be true, they still invest on it hoping that it would change their life.

Quote from: Fivestar4everMVP on June 07, 2022, 06:55:41 AM

Get proper education and clear direction, know what you are doing at all time and be patient.
Many might have the education, but not having a clear direction and lack of patience is one of the reasons many (especially newbies) end up loosing their hard earned money to scammers.

There are some professionals that I know that still fall into scam because the scammer is good in his social engineering skills. Some scammers will make you feel that they are legit at first then once their investors feel confident on putting their money to them, they will slowly make excuses that will end in taking your money.

maydna

hero member

Activity: 2912

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Viscore on June 25, 2022, 11:16:40 AM

Newbies are mostly greedy and that they always expect that investments comes with guaranteed profits, the reason why they take every chances in every projects that promise huge profits. If not for their greed, they won’t end up being scammed easily. Also, most of the newbies lack knowledge and experience so their decisions are just only for trial and error, they don’t have various experiences to consider so they would end up with a right and fixed decision in investing.

Greed will come when we want excessive profits even though we have already made profits. Or the newbie joins a program or project that promises to provide great returns over time. If beginners can find out more information about the project, they can find out that it is a scam or a project that has the potential to improve. This triggers beginners to get scammed because of the lack of information about what they will follow.

Topic: Reason Why People(Mostly Newbies) Fall Victim To Scams Easily. (Read 681 times)