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Topic: There are still really a lot of fools when it comes to crypto investment? - page 2. (Read 1078 times)

legendary
Activity: 2044
Merit: 1075
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It is undeniable that most people are deceived because they do not have a social environment and do not have knowledge so they are easily trapped in fraudulent syndicates, especially if the economic conditions are not good, it is very easy to get trapped. On the other hand, why people are easily deceived apart from the knowledge factor, also because of the influence of emotions that cannot be controlled.

With knowledge and social environment we can protect ourselves from fraud, because of course we can recognize the signs of fraud, verify information, and be more careful in taking information so as not to provide personal data or be tempted by quick money schemes carelessly. Nowadays, there are so many examples of fraud that often occur in this era, starting from online fraud to offline fraud, so always be alert to anything suspicious.
Social environment may not be enough or it depends if what type of people are there because what if the people that are there are also less knowledgeable and only talks about nonsense? We still can't learn any valuable lessons from them. The issue is more on personal, though I think you got a point that economic conditions can also influence it because if the economic conditions are not good, that can also mean that there are less jobs available and the pay rates for them are only less.

The prices of the goods are also increasing, etc... so people are becoming desperate of finding a better solution to this problem that they can end up joining shady groups, or can get trapped on it easily (this one is not intentional). You mentioned emotion there but this is still related to it. I mean if only things are already much better, the emotions of the people are also much stable and better as well, making them to decide the right things only.

Fraud is not new and it started actually in the offline world because there are still no internet back in time but now that we have it and almost all of us are relying on it, no wonder why there are now lots of frauds as you said. We can still use the internet to gain more knowledge and counter them.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
because there are many types of fraud modes nowadays, therefore we must be careful in taking any action, this can be the key to safety for us to apply, because one of them must have broad insight that we do not yet know, and learn a lot, because environmental factors also have a influential influence on this.
Environmental factors that can influence each person are factors that are more directed at our daily relationships so that we also need to see it very well in order to avoid worse things and also things that smell of fraud. Because when you are wrong in socializing or wrong in choosing friends to hang out with, it can also cause bad things to happen and we will never find meaningful insight development for ourselves. In addition, do not easily trust every new person who appears in your life so that you are not easily fooled by anyone in your life environment.
copper member
Activity: 2968
Merit: 575
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Another news again about crypto scams or fraud. According to the report:

US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links

I’ll just take the key notes from the news, something like this.

Quote
In many cases, this involves convincing victims to invest in virtual currency, or in some cases, over-the-counter foreign exchange schemes, all with the intent of defrauding them of their funds. These scams are largely perpetrated by criminal organizations based in Southeast Asia.


There are still many who fall for these kinds of scams, it really comes down to a lack of knowledge. As they say, it's just easy money or HYIP. Even though regulations are getting tighter, some still manage to slip through, and most of these scams happen in poor countries.

And here's more.
Quote
The U.S. Department of the Treasury announced on Thursday that it is sanctioning a “Cambodian tycoon and businesses linked to human trafficking and forced labor in furtherance of cyber and virtual currency scams.” Cambodian businessman Ly Yong Phat, his conglomerate L.Y.P. Group, and several properties, including O-Smach Resort, have been linked to extensive human rights abuses involving trafficked workers forced into labor for online scam centers focused on cryptocurrency fraud.

Maybe these people were probably offered a different job at first, but when they got to the actual work, it turned out to be a scam. They probably can’t leave anymore because there’s a big syndicate behind it. The pattern seems familiar, kind of like the scenario with POGO here in the Philippines.
Those that were getting scammed were not investing in crypto currencies. They were just doing what they were being told by the scammers. I am pretty much sure that they don't even know what crypto currencies are. The scammers probably convinced them that they are just sending them money (for whatever reason), but through a different way. Most of the victims are elderly people or are less educated people that are desperate for money. You can not go around calling those vulnerable people fools. Moreover, scams like this has been going on forever. Scammers used giftcards or other methods before. But now they are using crypto and exchanges.
legendary
Activity: 3416
Merit: 1225

Maybe these people were probably offered a different job at first, but when they got to the actual work, it turned out to be a scam. They probably can’t leave anymore because there’s a big syndicate behind it. The pattern seems familiar, kind of like the scenario with POGO here in the Philippines.

I call this deceit and exploitation, and another one is what the Chinese are employing to their fellow Chinese, giving them loan after their potential victims lose a lot of money from gambling. They offer the victim huge loan and with exorbitant interest if the victim cannot pay anymore, they kidnap them and forcibly work them on POGO.

That's the stories of many Chinese who became victims of POGO, so people should get familiar or check the background of those offering too good to be true jobs or investment its likely a scam and you will regret later.
jr. member
Activity: 366
Merit: 1
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It is undeniable that most people are deceived because they do not have a social environment and do not have knowledge so they are easily trapped in fraudulent syndicates, especially if the economic conditions are not good, it is very easy to get trapped. On the other hand, why people are easily deceived apart from the knowledge factor, also because of the influence of emotions that cannot be controlled.

With knowledge and social environment we can protect ourselves from fraud, because of course we can recognize the signs of fraud, verify information, and be more careful in taking information so as not to provide personal data or be tempted by quick money schemes carelessly. Nowadays, there are so many examples of fraud that often occur in this era, starting from online fraud to offline fraud, so always be alert to anything suspicious.


because there are many types of fraud modes nowadays, therefore we must be careful in taking any action, this can be the key to safety for us to apply, because one of them must have broad insight that we do not yet know, and learn a lot, because environmental factors also have a influential influence on this.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
I feel sorry for these people but it was their fault of not validating the claims of the recruiter.  Most of these victims are probably from poor environment.  Since they wanted to get a job without spending to much money for the requirement, they are deceived in taking the offer from these scammers.  
Yup it could be their fault for not validating whether the job is real or just a lure... Maybe it could be because they are unemployed for a long time when there is a job with a large salary abroad they will definitely accept the offer without double checking again.
I think accepting an offer from another nation isn't always that easy. Even on legit ones, you do not want to accept it right away, I got offers from three different nations, all better life than what I have right now and I reject all three because leaving my nation isn't always a choice for me. I know that it's a tough one but at the end of the day it's not even just about the nation.

It's more about people you know, I have my entire family here, I have my parents more importantly, I have my spouse, I have my friends, and I have people I know here. If they all come with me then yeah sure I can go to any nation in the world, but I would be leaving all of that behind. To do that, you have to really feel like there is nothing left for you in a nation to get to another nation, if you have even resemblance of a decent life in your nation then you would prefer not to leave. So, these people must be feeling quite desperate if they believe in these scams.
sr. member
Activity: 812
Merit: 252
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It is undeniable that most people are deceived because they do not have a social environment and do not have knowledge so they are easily trapped in fraudulent syndicates, especially if the economic conditions are not good, it is very easy to get trapped. On the other hand, why people are easily deceived apart from the knowledge factor, also because of the influence of emotions that cannot be controlled.

With knowledge and social environment we can protect ourselves from fraud, because of course we can recognize the signs of fraud, verify information, and be more careful in taking information so as not to provide personal data or be tempted by quick money schemes carelessly. Nowadays, there are so many examples of fraud that often occur in this era, starting from online fraud to offline fraud, so always be alert to anything suspicious.
Most people who do not have the knowledge so they can fall and environmental factors are also quite influential so with the lack of information obtained makes someone easy to be deceived in investment.

So I think it all comes back to yourself regardless of what social environment we live in, but when we want to start something, we should learn first to minimize the risk.
And for the many cases of fraud that have actually become victims, there are also some who can rise and take positive lessons, so sometimes winning some people can learn from mistakes and make it better.
sr. member
Activity: 1022
Merit: 363
It's certainly an edge if you are knowledgeable and updated with the different scheme scenarios that are currently happening so that you can avoid from falling on it no matter how big amount the offer is. Even if we say desperate people are less likey to think and act ethically, but if they have been aware of these possible scenarios, definitely they will always be cautious not to fall victims for this kind of scheme. Knowledge will lead them doing the right thing and take them to the right path.
It is undeniable that most people are deceived because they do not have a social environment and do not have knowledge so they are easily trapped in fraudulent syndicates, especially if the economic conditions are not good, it is very easy to get trapped. On the other hand, why people are easily deceived apart from the knowledge factor, also because of the influence of emotions that cannot be controlled.

With knowledge and social environment we can protect ourselves from fraud, because of course we can recognize the signs of fraud, verify information, and be more careful in taking information so as not to provide personal data or be tempted by quick money schemes carelessly. Nowadays, there are so many examples of fraud that often occur in this era, starting from online fraud to offline fraud, so always be alert to anything suspicious.

We can also add up the greed come up on their side first because they think first about the profit they can get without even considering if they are going to invest on a legitimate program or just a pure scam. Also scammers are expert to play with the emotion of people that's why they target those vulnerable individuals because with them they can successfully do all their evil plans with those people.

Profits and huge figures shown is somehow a great bait for people that's the reason why there's lot of ignorant people got scam because they easily believe that there's an easy way for them to earn huge money then became so damn rich.

If they would just able to figure out that every to good to be true offers they seen is a scam for sure that they will not came to the point that they entertain any scam offers and they only go with programs which could able to offer them a high chance to earn profit.
hero member
Activity: 1736
Merit: 501
It's certainly an edge if you are knowledgeable and updated with the different scheme scenarios that are currently happening so that you can avoid from falling on it no matter how big amount the offer is. Even if we say desperate people are less likey to think and act ethically, but if they have been aware of these possible scenarios, definitely they will always be cautious not to fall victims for this kind of scheme. Knowledge will lead them doing the right thing and take them to the right path.
It is undeniable that most people are deceived because they do not have a social environment and do not have knowledge so they are easily trapped in fraudulent syndicates, especially if the economic conditions are not good, it is very easy to get trapped. On the other hand, why people are easily deceived apart from the knowledge factor, also because of the influence of emotions that cannot be controlled.

With knowledge and social environment we can protect ourselves from fraud, because of course we can recognize the signs of fraud, verify information, and be more careful in taking information so as not to provide personal data or be tempted by quick money schemes carelessly. Nowadays, there are so many examples of fraud that often occur in this era, starting from online fraud to offline fraud, so always be alert to anything suspicious.
sr. member
Activity: 294
Merit: 433
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This news is on the rise... in my country there have been many victims of illegal human trafficking who were initially offered decent jobs but after getting there they were made slaves for various scams.

I feel sorry for these people but it was their fault of not validating the claims of the recruiter.  Most of these victims are probably from poor environment.  Since they wanted to get a job without spending to much money for the requirement, they are deceived in taking the offer from these scammers. 
Yup it could be their fault for not validating whether the job is real or just a lure... Maybe it could be because they are unemployed for a long time when there is a job with a large salary abroad they will definitely accept the offer without double checking again.

New in the local news... You can read and then translate it.

Where some young people were promised crypto admin jobs (I don't know what crypto admin is, it's not explained in detail) but when ordinary people don't know what they are interested in and follow the work there, then what happens he is locked up and only eats 1x a day this is really barbaric ... they are also used as slot admin scams in Myanmar.

Probably they are informed that they will be managing some services related to crypto.  These scammers are really exploiting the "being naive" of young people, not knowing much about scams and fraud.  I really feel sorry for them (the young people).
It could be because they don't know what's what when an offer comes (whether any job) they will agree to it, which is clearly because of ignorance that they are easily deceived by some agents with excessive lure... Sometimes the agent gives a decent job but the reality is not.
legendary
Activity: 2758
Merit: 1004
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However, we must remain careful and vigilant about it. Sometimes scammers are also very good at adapting, and every time, new people are interested in this investment. The goal of scammers is those who do not do research and focus on profit. In addition, many people are scammed because the team or developer who was initially serious about working on the project suddenly became greedy. There were quite a few projects in the past like that. Because of this, we need to be vigilant and continue to do in-depth research on the development of the investment we have.
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
I have been in this phase, I really need money and am tempted by work abroad but it turns out that the job vacancy is a scammer, very different from what they offered at the beginning. However, education is very important for everyone, especially fresh graduates who have no experience so that they are no longer trapped by fake job offers. In the crypto world, we cannot avoid fraud. The most important thing is that we must continue to filter incoming information properly and carefully.
Most people are deceived because of their own mistakes in not trying to verify the truth of the information they get so that at a certain time they are deceived. I have also heard of several neighbors who received information about work abroad and jobs that were hard to get, in the end they were willing to pay to get the job. But in the end they were deceived and were never called for the job offered by irresponsible people. Education does not guarantee that someone will get the job they want, but education is a means for people not to be easily deceived by others.

There are many people in the crypto world who are deceived because of reasons of quick returns on capital and that is based on greed and inability to see the truth. Never expect to get big profits if the capital invested is small and wherever we are there is no potential and opportunity to get big profits by relying on small capital.
hero member
Activity: 1148
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Getting scammed is something that shouldn't be this easy but a lot of people end up getting scammed right now and that is doing quite terrible. I think getting scammed is something we can't avoid, not everyone will be scammed but there will be scammers who scam some people but I just think that it shouldn't be this easy. We need to consider that this going to be just decent, which is why I think it should be something we should consider this as not a good thing at all, it has to be very careful in the end.
Your judgment is very strange. Why should we all be deceived by scammers? Why all of a sudden? Didn't they teach us to read at school? Why were we given technology that allows us to get almost any information in the shortest possible time? Do you know the reason why people fall for deception? It's much simpler than you think. It all boils down to banal laziness. Why? I already answered this question above. No one wants to take a few minutes of their personal time and find information that will help them avoid troubles and tragic consequences.
full member
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These victims are usually promised very good jobs, better working condition with a very good pay. The offers are often very enticing and it is very difficult for anyone who is swimming in poverty to say NO to such offer. It is quite unfortunate that they don't get to meet what they bargained for and they end up doing jobs and working for people they ordinarily wouldn't want to do or work for.
Many of these victims will most likely be immigrants as well, coming from third world countries where they have lost all hope of a good life, such people are quick to jump on employement offers in another country and they do not hesitate to sell everything they have back at home, in order to fund the trip, but they do not know that they are being shipped into forced labor for criminal organizations. It is up to the authorities to ensure that we see less of these things and also up to people to verify every nuance before taking up any job.
I have been in this phase, I really need money and am tempted by work abroad but it turns out that the job vacancy is a scammer, very different from what they offered at the beginning. However, education is very important for everyone, especially fresh graduates who have no experience so that they are no longer trapped by fake job offers. In the crypto world, we cannot avoid fraud. The most important thing is that we must continue to filter incoming information properly and carefully.
hero member
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Forget Crypto, People without knowledge are getting scammed in the old banking system every single day. Credit Card Scams, Loan Scams, and what not.
Crypto requires a little bit knowledge and safety of your coins which in the normal banking system, a bank does it for you.
Very true, and we all know about those type of banking scams. The ones having bank accounts often get scam calls where the scammer pretends to be bank representative who wants the customer to secure his/her bank account. However, in real that's the scammer not a bank representative at all.

Those who are into crypto should keep in their mind that various kind of scams can take place in crypto world and ones assets in crypto are way less secure then those at banks. However, if someone is good at technical things then he/she may have better safety, security plus privacy then what those banks offer.
hero member
Activity: 2982
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Maybe these people were probably offered a different job at first, but when they got to the actual work, it turned out to be a scam. They probably can’t leave anymore because there’s a big syndicate behind it. The pattern seems familiar, kind of like the scenario with POGO here in the Philippines.
It is crazy to think about it, that there are people who are forced to work for a syndicate and scam people online through cryptocurrencies, i don't know if these people knew about this job from the beginning or if they were coaxed into it with no way out for them. I think people who are forced into labor like this are usually desperate people, and it is easy for the bad guys to take advantage of desperation. I hope the law takes its full course on criminals like these and people should learn about these scam tricks and avoid falling for it.
It's certainly an edge if you are knowledgeable and updated with the different scheme scenarios that are currently happening so that you can avoid from falling on it no matter how big amount the offer is. Even if we say desperate people are less likey to think and act ethically, but if they have been aware of these possible scenarios, definitely they will always be cautious not to fall victims for this kind of scheme. Knowledge will lead them doing the right thing and take them to the right path.
hero member
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So in this case it is not too strange when a lot of ordinary people make statements that crypto is something negative and always deals with criminals because in the end this kind of thing always exists.

It would be biased for them in blaming cryptocurrency, it is the fraudulent people that scammed them, not the Bitcoin or the Ethereum.  Blaming cryptocurrency for the fraudulent action of people who really does not have anything to do with cryptocurrency is like barking at the wrong tree.

But in fact believe it or not this always happens especially when some big media that always raise problems when dealing with bitcoin (when the news is negative) it is already proof that in this case bitcoin is always a target to throw blame as if bitcoin is a negative thing that needs to be shunned but they do not clearly explain that in the end bitcoin is just an object that can indeed be used depending on the intentions of the people because in the end bitcoin can also be used for negative things such as fraud on behalf of bitcoin and we cannot deny that because it does exist.
But again, this is not the fault of bitcoin itself because in fact they are only an object that is used and actually not only bitcoin is used as an object because when talking about fraud even gold or fiat is vulnerable to being used as an object just like bitcoin.

Just because bitcoin is not too favored by some powerful people, it is clear that bitcoin will always be highlighted in contrast to gold and fiat which are actually just as vulnerable.
full member
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Forget Crypto, People without knowledge are getting scammed in the old banking system every single day. Credit Card Scams, Loan Scams, and what not.
Crypto requires a little bit knowledge and safety of your coins which in the normal banking system, a bank does it for you.

It's exactly similar as securing your cash in your wallet or at home from thieves. That's what exactly you have to do for Crypto. Just keep it safe from these E-thieves.

 Someone who chooses to get crypto should have knowledge in how to manage it when they do not have sufficient knowledge, they have actually done something fatal for themselves in running crypto and their own security.

It's exactly similar as securing your cash in your wallet or at home from thieves. That's what exactly you have to do for Crypto. Just keep it safe from these E-thieves.

 Requires privacy and a high level of security in securing important assets to be stored, money is an important part of life and of course it is stored in a very safe place, some people choose it in a bank because they believe in it, while those who move in crypto they also have strict key security for their privacy.
hero member
Activity: 2730
Merit: 632
The schemes used by fraudsters are very convincing, in some cases they dare to spend capital to attract more victims by giving multiples of what they invest, when in a situation like this sometimes smart people will look stupid because they are obsessed with wanting to get rich the easy way. Being alert and always careful in any investment will reduce the level of greater risk, fraudsters always have a way to introduce their methods that can convince their victims. When it comes to the huge rewards offered, it is not only the stupid people who fall victim, many smart people are also attracted to the offers due to greed and neglect learning.
Crypto is currently relatively the best thing for the fraudsters and scammers because we are having too many peoples those are not understanding this and trying to take quick profit which causes them lost of their money and get scammed as well specially in developing countries it's working rapidly because we are having no solid legislation and peoples are coming quickly under this impression of having good profit from these fraudsters in few cases government officials are also involved which helps them for having safe passage.

Due to strict laws and having good policies in few countries we are doing good and peoples are well aware about things like these because education is the best safe passage for preventing things like these but as mentioned we are still having a generation of fools those never try to understand and jump into way where usually greediness killed them, and they ended with empty-handed.
Anonymity is the best recipe or the perfect ingredient for those scammers and fraudsters on which this is where they could really be able to utilize things for them to scam out people. They would really be
making things as attractive as possible on which we do know that people are naturally greedy on which on the time that they've seen something which they do thought that it could make them rich then this is the time
that they would really be having that kind of involvement and really tends to engage with it and the worst part is that they do make some all in when it comes to investing or putting up their money until on the time that they had able to realize in the end that they've been scammed. Just like on whats been elaborated that there's always those people who would really be getting scammed or would be experiencing such as this. Why?
Due to lack of knowledge and sometimes they do really missed out on making use of their own common sense. They are really that simply getting blinded by greed and thats why they would really be that directly making
up some involvement in things on which it is really that obviously a scam or fraud. Experience is the best teacher but its not really that necessary on experiencing it first before you do able to learn.
You could be able to avoid things if you do really just that reading up other peoples experiences or simply just make use of your common sense.
legendary
Activity: 3654
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Unfortunately, there are a lot of people who end up fixing their income with issues and that would not be anything at all but when it comes to there are a lot of issues at all. We need to consider this to be something that will be getting a lot of trouble right now. I believe that when we should consider this a lot better when it comes to getting fooled, there are a lot of gullible people who end up getting terrible judgement and cause them to lose a lot of loss.

Getting scammed is something that shouldn't be this easy but a lot of people end up getting scammed right now and that is doing quite terrible. I think getting scammed is something we can't avoid, not everyone will be scammed but there will be scammers who scam some people but I just think that it shouldn't be this easy. We need to consider that this going to be just decent, which is why I think it should be something we should consider this as not a good thing at all, it has to be very careful in the end.
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