Topic: Why do you need to learn and ask people before investing? - page 4. (Read 846 times)

I wonder why the FBI has published or exposed itself through the media if they're trying to catch the market manipulators. They should have kept this as a secret and as a top mission to clear the markets that are probably they can no longer control or whoever they are working for. IIRC, this is probably a foreshadowing of what SEC has done years ago of making Howeycoins[1]. It's very easy for the manipulators, whales and developers to create an attractive position through their means of gathering investors that are looking for opportunities to get rich. So, those that are into this will now have an idea, that most projects that are into these suspicious exchanges are either likely a scam or made by the government as a trap.

[1] The SEC Has an Opportunity You Won’t Want to Miss: Act Now!

The Importance of learning (at least having an idea) should not be overlooked when it comes to investing in Crypto(or any other form of investment), especially for those who have interest in the other side of the market aside Bitcoin. This is actually my first time of hearing that agencies like FBI uses such tactics in capturing the suppose market makers that manipulates the alt market. I went online to read further, and I saw that over 60 alt were brought down because they where all a pump and dump scamming scene. And the problem with some of the newbies or investors we have today is that they just want gamble with their money. Besides, if the FBI and other agencies have been this consistent with this approach, maybe we might have seen less of these shitcoin in the market today, but nevertheless, they did a great job in this one.

And one problem that affects most people is when they fail to know/have an idea about something before going for it. Those who fall victims will not be much today only if they seek the knowledge first, but since our today world is full of people who wants to do things fast without planning, we might continue to see more victims.

Crypto can be exciting, but it's crucial to understand what you're getting into. Don't rely on social media flexing or promises of quick riches. Just because something seems popular or has hype, doesn't mean it's a good investment. There are bad actors out there trying to manipulate the market. Cryptocurrency is a volatile market. Getting rich quick schemes are unrealistic. Think of it as a long-term investment, similar to stocks, and be prepared for ups and downs.

You won’t come across tokens like NEXTFUNDAI if you’re trading on reputable exchanges, like Binance. These tokens on the Ethereum network are usually created to bait scammy exchanges. Once listed, they fake the volume, and since the creators or team are behind it, authorities like the FBI wouldn’t be easily fooled. If there’s no major project development but the volume spikes, that’s a big sign of manipulation. Then, an investigation can follow, and if they find proof, they’ll have enough evidence to arrest the exchange owners for violating the law.

 Even without anything, it's not safe to venture into investment without knowing what you're getting into. Supposing you need to tell someone else about what you do or the coin you are putting your funds into, so the only thing you'd know is in a given period of time, if the market is right, you'd get profit? What if it's like Bitcoin that is highly volatile and you don't know that and you put in a huge amount of money inside and instead of the market to surge, it's plunging?
 Making your research about anything saves you from a lot of things, chief amongst them is you don't fall for a scammer's decorated speech about something that has no value.

Sometimes I believed those who are I know that will really share some good alpha when it comes to good investing and potential airdrop. But yes some influencers are just using it to pump their bags or maybe they are promoting it.

As a caller on my own group, I cant say Id originally found some of those good airdrops but did see on some  on it on few influencers I trusted with sharing good investment. Well cant say fully a dumb move cause able to profit good on some of it.

It's a red flag when someone is trying to convince you to invest into a coin by all means or trying to show off so you will be convince to choose investing in the coin. If the coin is all that good, he wouldn't want to sell his investment in the first place and use it for mere show off. Investing in a digital asset is a personal thing, it's not advisable allow yourself to be tricked into doing it, and when you're looking at it from the point that you're investing and not merely trading, you would want to choose the right coin and learn about how best to go about it and stock only to it.

Since Bitcoin has been the big deal and is still the big deal, investing in Bitcoin would be my recommendation and with regards that, the necessary research you're to do won't take long but will just be basic ones patterning to choosing the right wallet, securing your wallet and ensuring that you're investing using the right approach which from popular recommendation is to do so using the DCA methord. The forum still serves as the best platform you can do all the asking through and become certain that the response you will get are good response that won't lead you astray.

Replying to the title of your post.
So they don't come back asking people for solutions after they have already fallen victims of what they know nothing about. The crypto space is very broad, full of both the good and bad. As a someone new into crypto, you should be careful whom you seek knowledge from. Alot of these people on social medias, just want to make money out of potential new investors who probably want to make quick money. The rules are simple, make good research before investing your money. Don't rush into investing because someone said you should and it will make you rich over night. If you fall a victim at the end, learn your lesson and start again...

In the first place, investing in something just because some influencer recommended it is totally a dumb move.

Either you educate yourself and make your own decisions, or don't invest at all.


* If you like reading articles: https://www.coinbase.com/learn/crypto-basics
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
* https://github.com/ethereumbook/ethereumbook#chapters

We are looking for investment in crypto-currency where everyone want's to be rich, since they see a lot of people flexing what they earn and use it to lure other people as a victim or be their followers, well its not easy and sometimes its really manipulated and are being control by few people, so before you begin you're journey be sure to learn and study, not everyone will get lucky and find a gem, Authorities like FBI just make a coin to find and look for the people or expose them on what they are doing to the market, by manipulating them, and in result they will earn money from the people who believes its true or its a good coin, as you can see this is how the market goes, so if you are investing make sure you're lock-on on an investment since you never know when it will go down to zero.
In this FBI make a coin name NEXTFUNDAI to lure this groups or people and they are caught this are ZM Quant CLS global and Mytrade, Gotbit and the head was also charge, also according to the news amounting 25 Million Dollars was also confiscated and also the bot using for the scheme, this is also use by this people to manipulate the market.
So for the people coming in the forum and want to know what coin are good to invest better read this article and will help you on you're goal to be informed and aware of the situation.
Hope that i was able to help those people who wan't to start their journey in crypto and some who are just currently in this situation.
Link of the news:
https://thehackernews.com/2024/10/fbi-creates-fake-cryptocurrency-to.html