Topic: Why people are always in a sinkhole situation - page 2. (Read 205 times)
Many people are greedy, in addition to lack of experience, but they learn after they are already scammed. People like to invest on high yield investment program and other ways they can be scammed easily especially if they have no idea or knowledge about the scam before. Later they will begin to think that they are stupid to trust who they can give money that has nothing to lose and that they did not know in real life, there money would have gone before knowing that it is just like someone they do not know stole their money. But for new coins, there are some that are legit, but most are still a way many people are scammed. I will never advise anyone to go for those new projects, they should hold bitcoin instead.
Double or triple your money scam isn't only on Bitcoin, but many scammers can use fiat and stock about this scam.
For people who think with Bitcoin they can easily double or triple their money, they don't have any logic. If Bitcoin is really easy to get or mine, it will not have a big value right now because it's will become worthless due to unlimited supply. Also if there's people who can double or triple their money in short time, why they're not double or triple their money using their own money? they can become a billionaire in short time and they can donate as much as they can.
For people who think with Bitcoin they can easily double or triple their money, they don't have any logic. If Bitcoin is really easy to get or mine, it will not have a big value right now because it's will become worthless due to unlimited supply. Also if there's people who can double or triple their money in short time, why they're not double or triple their money using their own money? they can become a billionaire in short time and they can donate as much as they can.
Greediness, that's what they have.
Tell them to read this Bitcoin Whitepaper so that they will understand why Bitcoin was created.
It has a purpose, it's a peer-to-peer electronic cash that should be used in payment not making money machine. Though some others learn how to store value and store their safe wallet in a long term. But doubling your Bitcoin hoping it will easy quick scheme, it's most likely a scam.
Stay away from altcoins and focus on Bitcoin.
Tell them to read this Bitcoin Whitepaper so that they will understand why Bitcoin was created.
It has a purpose, it's a peer-to-peer electronic cash that should be used in payment not making money machine. Though some others learn how to store value and store their safe wallet in a long term. But doubling your Bitcoin hoping it will easy quick scheme, it's most likely a scam.
Bitcoin is one of the most popular coin in cryptocurrency, with this lots of people fall victim to those coin with bitcoin like promises
AFAIK, on Whitepaper, Bitcoin didn't promise anything regarding profit earning.Stay away from altcoins and focus on Bitcoin.
Bitcoin is one of the most popular coin in cryptocurrency, with this lots of people fall victim to those coin with bitcoin like promises
Why do they are still taking advantages by this people and what are the reason? there is only one answer that i think most of us is sure, the promise of making high return in a short time, with people being in the situation of the pandemic that strike not only one nation but the whole world, this has become the most effective strategy for the scammers, imagine doubling or triple the money in the short period of time, since they are already on their last straw and want to get out in the current situation, they forget to think properly and this is how they were being take advantage, with social media and influencers, being paid by these people, they have become, popular without knowing their bad intentions, and the victim learn they had a mistake after they lost every thing.
Why do they are still taking advantages by this people and what are the reason? there is only one answer that i think most of us is sure, the promise of making high return in a short time, with people being in the situation of the pandemic that strike not only one nation but the whole world, this has become the most effective strategy for the scammers, imagine doubling or triple the money in the short period of time, since they are already on their last straw and want to get out in the current situation, they forget to think properly and this is how they were being take advantage, with social media and influencers, being paid by these people, they have become, popular without knowing their bad intentions, and the victim learn they had a mistake after they lost every thing.
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