Topic: There are still really a lot of fools when it comes to crypto investment? (Read 1078 times)

That's to be expected, I mean there's still a lot of people out there that don't know shit about cryptocurrency in general and with how evolved we are when it comes to financial decisions in the last decade, a lot more people are eager to get their hands on passive income or extra income these days and so when there's a venture or opportunity that allows them to do so, I do think that it's perfectly understandable why a lot of people are falling for these types of scams, I guess that the incessant information drive on new types of scams and old scams dressed in a different way is still our best bet when it comes to preventing more and more people getting scammed by this kind of stupid schemes.

there are a lot of fools who get blinded by greed and crypto just being misused by scammers.

most of these scams always target vulnerable people who don't really know how investment works and easily get fooled by the blinding high APR promises.
these scam project also don't even use real crypto, they just trying to use the technology name to give people impression as if the project is legit and uses cutting edge tech, which is not true at all.

so many of these scams project as I've noticed, trying to offer a token or coin, that said to replace bitcoin, but it's not even real token or coin with its own blockchain, it's just fake coin or token that uses SQL as a database to keep track.

The people that taught them how to invest in bitcoin might not really be able to help them, because most times it is not the fault of the teacher because I'm the process of them wanting to explore they might ignore majority of the problems and that is were most of their problems are coming from. And another thing is that if worst thing is trying your best not to be a victim of scam so you just have to be very careful starting from who you bring in and who you expose things to. And if you choose the friends that have the same mindset with you then you will have a positive outlook of what you are investing not friends thay will just make you make reckless decisions so their is a lot of things that are happening in that environment because people are making money and people are losing money the same time. Especially when it comes to crypto you will have to make some decisions so as to protect yourself from being caught in a unforeseen situation. Have Ideas like this will help you a lot.

Sometimes that's the reason why someone involved in the crypto space needs to have a community. They can come to forums and ask questions about something they doubt, ask in telegram groups or any other discussion space, of course this way they can get information and avoid fraud attempts. But greed has sometimes led them to try and fall victim, even when they know that there is a potential scam that is targeting them.

In the end, fraudsters don't always target weak people with little knowledge, they also target strong people with the right knowledge. Fraudsters are intelligent people and have many ways of carrying out their actions, so it is not surprising that they sometimes succeed in making rich, knowledgeable people their victims.

It is also important to not overestimate ourselves, because even if we know a great deal of the tactics that a scammer can employ against us, we are not infallible, so if the circumstances are right we may walk right into their trap without really knowing what we are doing and lose our money to them, and then we may wonder how this may have happened to us, so it should be clear that anyone can become the victim of a scam if at the time they are not careful about how they deal with the scammer right in front of them.

Lack of proper orientation is what contribute to these kind of scams and it has nothing to do with poor countries or big countries. Scam can come in any form and people that are not inform about the information can be a victim. Even people that has money invested in crypto becomes victim from this kind of scam but there own is packaged in the way they wouldn't suspect and once they click on links, they lose everything and their wallet becomes drain in a matter of second.

I urge us to invest in knowledge as we are investing in crypto because there is no ignorance excuse in crypto. Even the people that are carrying out scams in crypto invested on their knowledge and then repackage it in a way to lure victims do their bid and once they set trap for you and you successfully accepted it, then be ready to fall for them and lose everything you have on your possession even if you might not have anything to invest in crypto for that time.

The scam that is currently in this whole social media is very dangerous because people who thought of working online with hard work, these people eat their money because it is not hard work and people's money by dreaming big are eaten If this thing is not present then everyone can work online with hard work and efforts.  Due to this, many people are afraid to invest money lest we get scammed. in this journey, good and righteous people are also found who have good work, but they do not believe in anyone and are unemployed.  Now scams are everywhere, they give anything for nothing and take real money.  If you want to avoid it, take help from your close ones, if they have a job in which you will not be harmed, they will definitely help you. now these people have made it their business that this is what we will do after today and they will get the result later.

Look at the reels I saw on Instagram.
Scam everywhere, a few people rented a house and wanted a sea view.
They put a sea view but what a scam, and the seller is smiling.
As you said, there are many scammers who trigger the wrong mindset.

https://www.instagram.com/reel/DANyiKMMP08/?igsh=MXZlNnJ1YWV3aGo2OA==

Not all people or simply saying that we are not all-knowing type of being on which there would really be things that we dont know and it will really be that normal that you would be committing out such mistakes.
We do know that not all people are investors or getting used to on how this market works or simply on the system and due to that lack of knowledge then they would really be that simply get victimized by those
scammers and swindlers who do really took out advantage with that kind of lack of knowledge thing. Although as a certain individual and really that mindful about into your investment and on the actions that you are
going to take, then if you are really that making use of your own common sense then you will be making out some research first on a certain thing that you would tend to deal up with. If you do saw about those pros and cons and potential problems that you might faced on, then you do really put up yourself at least be wary into the conditions that you are really that be into. It will really be that impossible that you cant be able to determine on whats wrong and whats right. This is where there are really people who do able to avoid up such things on getting scammed or losing money just because they've been wary about those probabilities
and despite of being a newbie then this is really that a good initial step to make at least.

Knowledge is power. And scammers are very intelligent; they can do everything to scam people, and that is why regardless of what you are doing, whether in the crypto space or outside the crypto, try and be knowledgeable about it. However, many of these people get scammed because they don’t have the knowledge of what they got scammed of, and since scammers can operate even in the physical banks, you can see that crypto that is digital is a small thing and an easier way to even do it.

The best thing is to keep what you have safe, whether crypto investment or any other things that you know scammers hunt; furthermore, even in developed countries, scamming can take place. The thing is just knowledge, whether poor or developed country. If there is knowledge, you won’t be scammed. 

In most cases the trigger of the problem is always because people have the wrong mindset, there are many factors that trigger the problem, first because they do not have any knowledge about the crypto world and second most likely they do not think using common sense and rational thinking when there is a party that offers something that looks tempting to them so of course it is very easy for them to get trapped and become victims of fraud.

There is always wisdom behind the incident, as you believe, although yes I will also say that they are also wrong in this case due to lack of caution, but in the end of course this will be a valuable lesson for them so that in the future they will not be easily tempted by everything that looks easy to get profit.

That's right bro, maybe by making mistakes we learn from experience and we use it as a lesson in the future to be more careful in protecting ourselves from investment fraud, investment is indeed necessary but we also have to be careful in what we do, sometimes smart people will also get trapped. with fake investments because they have influenced someone's mind by promising and guaranteeing wealth, people who don't have much money will be interested in investing because it's easy and fast, many are tempted to make a lot without having to work hard, that's why many people who are subject to fraudulent investments due to their own mistakes and negligence.

You are right, if someone has knowledge about what they are doing, of course they will be able to avoid the scam because having knowledge will of course make it very easy for us to know that what we are doing will be beneficial or detrimental in the future and without knowledge of course we cannot distinguish which is good for us or not and do research first before starting of course this It is very important and we will also be able to make the right decision whether we will be able to carry out the investment well or not and if we are too excited about investing and do not do any research before starting of course this will be very risky and we may lose the funds that we have invested, therefore it is very important to first do research before making a decision in investing.

Not only in crypto, ignorant people and inexperienced people are scammed in many other places.
Those who are after easy money are trapped and their little savings are lost despite being poor.
I see it as a natural cause and effect, so it is not the system's fault, but the people's fault that they did not directly target crypto or other investment vehicles.
People should also make mistakes in order to better understand and learn.

Scam is every where and I have noticed that before now scam has being into existence, and I know very well that scam happens when you  are ignorant of something you are looking for, what we need to do is amend our ways for investment and purchasing of properties if really we want to be out of scam, let us not be much interested business we do, before we make payment of anything let us try to make inquiries and proper investigation so that we will be convinced properly, because scam is every where before you can see a legit business or investment is very difficult but when you are over excited to get something without research or when profit of what you wish to get is higher than the lost know that ita scam

I'm going to capitalize on lack of knowledge. Most people are not knowledgeable about how this scam project operates, how they package their products and make it look so real and convincing, so they end up falling for it. Then you know they don't do proper research because it looks so real, they just go on and invest, they just go on and join the project and end up losing the little money they have.
And yes, gread too, I agree with that, some people even when they are told that this project looks like a scam, because they've calculated the return on investment, they go ahead and do it, when they calculate it and see that it's going to yield a lot, they go ahead and do it, out of greed, out of getting more.

So people need to learn how to calm down, research on project, ask questions before hoping on it. Like the moment you perceive any form of red flag, it is worth researching on. Another thing that causes people to fall for these scams is their current financial standpoint. The economy is not favoring some people, so they don't even take the time to do this research, they just go with the flow of who is going to give me money, is going to help elevate my situation, so they just go ahead and do it out of a point og desperation.

But it's always good, no matter what point you are standing in, broke, comfortable, financially stable, to always research on any product, so you won't fall for these scams, because more keep coming out daily, and we have to be careful

Bad habits and investors who don't understand bitcoin and crypto, they are puppets. I like OP's thinking, but basically in society outside or anywhere, we also realize that they still cheat each other, so can not change the nature, greed, ignorance,... can admit that the reality will not change by people in both daily life or in investment business.

It is undeniable that there are still many people who are stupid in this industry, I also often witness it firsthand when I see my friends cheated and lose their money quite easily in this investment, buying tokens that are not clear because they follow influencers and so on is still rampant, but I think it's still early because some people need awareness so as not to act rashly, especially when talking about the vast and challenging world of finance in this era, crypto is an asset that is very innovative and still in the adoption stage, so the advantages are still blind in the eyes of the general public, and there is no direct education in providing gradual understanding to the public by the authorities.

Lack of knowledge and greediness create opportunities for the peoples to jump into things which need more investigation and related stuff about the project without understanding usually things create problems, or we can say fools heaven because in crypto world we have things which were never been imagined but done, and we watch millions of funds lost by members those invested without any basic knowledge and promote scammers.

Usually after every scam or fraud we give reason its lesson for the future but still we never understand and done mistakes again and again which give more opportunities to these fraudsters to came again in market with different face and ideas which give them good doze for their better future and fools never learn their lesson because greediness give them black hole for staying into this for rest of their career.

That's what I think. It is not that there are many fools in crypto is that there are many in the world, although I would not call them so, but rather naive people or with little information or greedy, or a combination of these things. Also with cryptocurrencies as they are more technically sophisticated and because of their characteristics, such as they can be transferred instantly and can be easily lost track of, they are an ideal space for scams.