It is only those who are greedy to get money quick without thinking the future precautions of the investment. Many have enter into the bad Hans of scammers to be scammed and before they are scammed anything you tell them they would not listened to you because at that moment they want not make money by all means. But nemesis caught them up. And as you mentioned, those who hate Bitcoin, hate it out of frustration and most of them are coming back again.
Many people only tell people about Bitcoin without the precautions and the risk involved in the investment. And they didn't even tell them things to do to grow the investment very fast but just keep them in the middle of no return. And that making the newbies in the cryptocurrency ecosystem market do things which they would not supposed to do.
Topic: Wrong perspective towards Bitcoin investment (Read 918 times)
Bitcoin will not make you rich, for this you will need knowledge, ability to analyze the market, take into account risks and most importantly, you must have sufficient capital to invest in Bitcoin, otherwise it will definitely not make you rich. But it is also stupid to deny that there are people who, by investing in Bitcoin, have become very rich, which means it is possible. I believe that any successful investment is the result of long and hard work on oneself, those who are willing to learn will achieve success.
Indeed, many people misunderstand bitcoin, which in the end they have the wrong view about investing in bitcoin so they are easily fooled by other people's invitations. This is all because they have the mindset that investing in bitcoin is to get rich quickly. Even though many people have become rich by investing in Bitcoin, it all requires knowledge and requires a long process to achieve that wealth.To create the right perspective on Bitcoin, we must often seek information and study Bitcoin science in depth so that our mindset regarding Bitcoin investment changes to an asset for the future, not a get-rich-quick pattern.
Bitcoin will not make you rich, for this you will need knowledge, ability to analyze the market, take into account risks and most importantly, you must have sufficient capital to invest in Bitcoin, otherwise it will definitely not make you rich. But it is also stupid to deny that there are people who, by investing in Bitcoin, have become very rich, which means it is possible. I believe that any successful investment is the result of long and hard work on oneself, those who are willing to learn will achieve success.
Even having sufficient capital wouldn't make one rich if they are investing in Bitcoin unless the price of Bitcoin goes into the millions which isn't going to happen very soon. People or investors that got rich by investing in Bitcoin were the ones who invested when the price of Bitcoin was very low and they believed in it at that time and their belief and confidence in the cryptocurrency paid off and Bitcoin soar extremely high from where it was during those times.
Right now, only the rich can get richer by investing in Bitcoin, and regular or normal investors can only get some profit on their investment. This is the biggest reason why there are so many altcoins in the market right now, because people started investing in altcoins after Bitcoin went high because they knew they won't be able to get multiple folds of their investments in Bitcoin now so they started looking for those results in other cryptocurrencies.
Absolutely, there is no possible way in which you can get rich overnight. If you rob a bank, then only it is possible, else no work has capable of doing this. Now in this type of situation if someone promises to give you huge amount of profits, then definitely it will be scam only. People think Bitcoins are quick way to make money, but after investing in it, they know the reality. Hence, definitely they need to get out of this wrong thing.
Some people think that what their seniors do is easy and anyone can copy them. But that's very wrong thinking, they should be more sensitive to what the senior has previously done and at the point where the senior is in an amazing position. Not seeing and thinking that simple, so they (beginners) should continue to learn and learn from trusted and proven useful sources, before doing what they want that way I think the success rate will be quickly felt and in the end they (beginners) will feel the position like their seniors. 
How can we be so sure that you are telling the truth and that this is not self made up story?
Majority of the stories we read here are just made up stories and since we do not have any reliable means to differentiate a real story from a fake one, we just rely on our instincts and maybe believe whatever we like. Is there a penalty for anyone you lies in the forum? Maybe the same punishment for plagerism be metted to them? Meanwhile, Op's story whether real or made up is a common knowledge and also the main reason why many people, especially the newbies claim that bitcoin is a scam. It is these third party platforms that gives bitcoin bad names.
I think your story is very random, it happens with anything you spend $80 on.
Most people classify losing $80 as a scam but they are truly fortunate in their ignorance, $80 can only mean that you invested in experience for a situation that should not be repeated.
Do you mean that you have read some other stories related to $80 and scam? Most people classify losing $80 as a scam but they are truly fortunate in their ignorance, $80 can only mean that you invested in experience for a situation that should not be repeated.
And this is the main reason on why people do really loves on trying out to catch up those opportunities on dealing up with some projects or simply with those shitcoins out there on which they are really that having those kind of hopes that they would be able to get on the same train on what they had missed on Bitcoin and this is where it do really ends up on really look likes that people do becomes that desperate on the things that they are currently dealing with in terms of investing into crypto space. It is really just that there would really be those people who would really be just blindly making out those kind of actions
on which we know that it isnt something that recommended or it is really just that too much on doing so.
If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.
on which we know that it isnt something that recommended or it is really just that too much on doing so.
If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.
Bitcoin will not make you rich, for this you will need knowledge, ability to analyze the market, take into account risks and most importantly, you must have sufficient capital to invest in Bitcoin, otherwise it will definitely not make you rich. But it is also stupid to deny that there are people who, by investing in Bitcoin, have become very rich, which means it is possible. I believe that any successful investment is the result of long and hard work on oneself, those who are willing to learn will achieve success.
Well, a lot of people assume that it is okay to invest in crypto without knowledge about this. They just underestimate the volatility of the market and think, I could make more profit without doing anything. They'll find it wrong and realize their fault after disappointments.
If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
Some people may still think that in the past btc or similar coins were suddenly rich because of it, due to several factors or things that made it possible for those who made huge profits from it, remember the old days when btc was not as valuable as it is now, and people saw it as impossible to get rich from it because we know the price is very, very worthless, BTC PRICE THENIf we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
But now we see that the price is very valuable and many people may expect btc to be like back then, where it was very easy to get. And I agree with the description you gave, but there are still risks and don't think that this is all instant without adequate knowledge.
on which we know that it isnt something that recommended or it is really just that too much on doing so.
If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.
As you said there are some people who despair in investing, especially those who take capital from others (loans) to invest and expect consistent profits with very satisfying results, but in reality they are the opposite of expectations that do not match reality.
Well, a lot of people assume that it is okay to invest in crypto without knowledge about this. They just underestimate the volatility of the market and think, I could make more profit without doing anything. They'll find it wrong and realize their fault after disappointments.
If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
Some people may still think that in the past btc or similar coins were suddenly rich because of it, due to several factors or things that made it possible for those who made huge profits from it, remember the old days when btc was not as valuable as it is now, and people saw it as impossible to get rich from it because we know the price is very, very worthless, BTC PRICE THENIf we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
But now we see that the price is very valuable and many people may expect btc to be like back then, where it was very easy to get. And I agree with the description you gave, but there are still risks and don't think that this is all instant without adequate knowledge.
on which we know that it isnt something that recommended or it is really just that too much on doing so.
If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.
With all that stories, it is not worth addressing the guy as ab Anti-Bitcoin. Just as said, he lost trust in Bitcoin due to the fact that his first time trial to play along in obtaining Bitcoin was a scam after he must have labored so hard to raise such amount of money @ $80 which fit him frustrated.
Moreso, anyone who doesn't have a Bitcoin guidance and wasn't knowledgeable about the Bitcoin industry would likely feel the same although, I blamed him for venturing into the system that he doesn't have basic knowledges about couples with his agility to getting rich quick which he hastily and ignorantly dived into the industry unconciously that there could be tendencies to lost your funds either by the volatily nature of the market or falling into scammers.
This not just laughable after he just narrated his stories to you because that moment could engage him more to emotional breakdowns which he might feel you are mocking him out of his stupidity and his illiteracy which got him being scammed because he could be worse gone devastated at such moment of time but however, of truly you embraced and encouraged him with the such amount of $10 in consoling him and so he could kickstart his reality Bitcoin journey from there, then I must say.... You did well at OP.
Moreso, anyone who doesn't have a Bitcoin guidance and wasn't knowledgeable about the Bitcoin industry would likely feel the same although, I blamed him for venturing into the system that he doesn't have basic knowledges about couples with his agility to getting rich quick which he hastily and ignorantly dived into the industry unconciously that there could be tendencies to lost your funds either by the volatily nature of the market or falling into scammers.
This not just laughable after he just narrated his stories to you because that moment could engage him more to emotional breakdowns which he might feel you are mocking him out of his stupidity and his illiteracy which got him being scammed because he could be worse gone devastated at such moment of time but however, of truly you embraced and encouraged him with the such amount of $10 in consoling him and so he could kickstart his reality Bitcoin journey from there, then I must say.... You did well at OP.
Well, a lot of people assume that it is okay to invest in crypto without knowledge about this. They just underestimate the volatility of the market and think, I could make more profit without doing anything. They'll find it wrong and realize their fault after disappointments.
If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
Some people may still think that in the past btc or similar coins were suddenly rich because of it, due to several factors or things that made it possible for those who made huge profits from it, remember the old days when btc was not as valuable as it is now, and people saw it as impossible to get rich from it because we know the price is very, very worthless, BTC PRICE THENIf we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
But now we see that the price is very valuable and many people may expect btc to be like back then, where it was very easy to get. And I agree with the description you gave, but there are still risks and don't think that this is all instant without adequate knowledge.
Last bull run I heard some anti-Bitcoin people say that they made a big mistake for not investing in Bitcoin at that right time. Although they could not reveal this fact in front of everyone because they were involved in various negative issues towards bitcoin. The reality is that many people do not want to admit their incompetence, inability or their mistakes. But what is true that is never suppressed. Bitcoin has already proven that.
Who is responsible for the damage or loss caused by personal wrong decisions? I certainly can't blame Bitcoin or its system for that. If I get too excited and give own money to someone else without knowing about mining, I am responsible for it.
Who is responsible for the damage or loss caused by personal wrong decisions? I certainly can't blame Bitcoin or its system for that. If I get too excited and give own money to someone else without knowing about mining, I am responsible for it.
I think your story is very random, it happens with anything you spend $80 on.
Most people classify losing $80 as a scam but they are truly fortunate in their ignorance, $80 can only mean that you invested in experience for a situation that should not be repeated.
On the other hand, trying to change the perspective in investment situations is not something that is the responsibility of friends, it should be done by someone whom they can later complain to. Avoid losing a friend.
Most people classify losing $80 as a scam but they are truly fortunate in their ignorance, $80 can only mean that you invested in experience for a situation that should not be repeated.
On the other hand, trying to change the perspective in investment situations is not something that is the responsibility of friends, it should be done by someone whom they can later complain to. Avoid losing a friend.
Well, a lot of people assume that it is okay to invest in crypto without knowledge about this. They just underestimate the volatility of the market and think, I could make more profit without doing anything. They'll find it wrong and realize their fault after disappointments.
If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
~snip
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.
Thanks for reading, and do well to share your opinion.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
~snip
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.
Thanks for reading, and do well to share your opinion.
We all learn from our mistakes. Getting rich quick is not an easy job especially when you are new to a field.
Quote
It's common to fall for such get rich quick schemes as a newbie but that's how we learn.
Learning from our mistakes , people does not care learning instead that is because they are just to earn and sadly not to learn and this is why they are falling from those traps.Quote
I would rather say that he learnt his lesson by paying $80 as a fees. Now that he has got scammed once, may be he will pay more attention the next time.
hoping that this will be His attitude now.
most people who want to quickly make profits from bitcoin end up failing because they think that when they invest in bitcoin the profit is certain, even though on the contrary when they invest in bitcoin it means their potential to lose money is quite high.
also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.
This is also the fault of those influencers who promote only the positive side of Bitcoin. They only show their profits but not their losses. And the naive investors will believe on them instantly without making any more doubts if what they see is true or only too good to be true. But it's great that we have threads like this. Let's just hope newbies will go on the forum first and read our posts here.also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.
There are still short-term investors and traders who prefer to make profit in BTC quickly. It's not wrong as long as they already know what to do. I won't say they lacked in patience because both acts were hard, especially trading. They have patience in a way that they study it, and they went thru a lot of trials & errors before they finally increase their winning rates.
Not all the fault lies on the people that fall for this scams, sure they're greedy and they don't know better but the problem is that there's some people out there that don't want to play fair and try to cheat people out of their money but they're not a big problem if we create a really good solution about them which is information and knowledge, having knowledge about things and the wisdom to know that something is fishy or suspicious is always going to solve the problem of the scammers. Regarding the people that see bitcoin as a quick money scheme, you're wrong and anyone who sells you something that tells you will double or triple your investment with bitcoin at a short amount of time is definitely lying and wants your money.
Greed is one of the reasons why people keep falling prey to scammers because they want quick money and the crypto market does not work like that. For us to get quick money from cryptocurrency, then we must be ready to learn and understand how cryptocurrency works that could give us to faster profits. The newbies would always want to make profits from the market but most time, they keep doing it in the wrong manner. We can make money from trading, investing, staking, selling of cryptocurrency strategy and so on. There is money I'm cryptocurrency only if we know how to go about it and learn the skill that would aid us to benefit from the market.Every beginner who wants to make a profit from crypto must learn it properly so as not to make mistakes that result in them losing the money they have in the investment they make and we must try it with capital that we can afford to bear if we experience a loss from the investment. and we must learn if we make a mistake so as not to repeat the same mistake on the next occasion.
most people who want to quickly make profits from bitcoin end up failing because they think that when they invest in bitcoin the profit is certain, even though on the contrary when they invest in bitcoin it means their potential to lose money is quite high.
also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.
This is also the fault of those influencers who promote only the positive side of Bitcoin. They only show their profits but not their losses. And the naive investors will believe on them instantly without making any more doubts if what they see is true or only too good to be true. But it's great that we have threads like this. Let's just hope newbies will go on the forum first and read our posts here.also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.
There are still short-term investors and traders who prefer to make profit in BTC quickly. It's not wrong as long as they already know what to do. I won't say they lacked in patience because both acts were hard, especially trading. They have patience in a way that they study it, and they went thru a lot of trials & errors before they finally increase their winning rates.
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
There is a big difference between making a quick profit or becoming rich quickly. First of all, there is no reliable system to become rich quickly that we can follow. If there were such a system, then everybody would follow it, become rich quickly and all of a sudden the money would be worthless because everybody has large amounts of it. Our capitalism world is not designed so that there can be many rich people. Money is always going to flow freely and will concentrate in the hands of a few. Bitcoin investments are great and will lead to a profit longterm, but the times of becoming a millionaire without having a lot of capital yourself are over. There are two ways to make large returns in investing. The first one is you already have a decent portfolio and just generate good returns of 10-20% per year. This will accumulate to a lot of money over a long period of time. It's not for people who want to become rich in a few months, because it's going to have to grow for 10-20 years to really pay off. The other way is you don't have a good portfolio yet, but still want to make high returns. Then your only option is to take a lot of risk and try to identify the next big project. Here you can make returns of 100+%, but there is also a high chance of the project going nowhere and you lose your money.
Not all the fault lies on the people that fall for this scams, sure they're greedy and they don't know better but the problem is that there's some people out there that don't want to play fair and try to cheat people out of their money but they're not a big problem if we create a really good solution about them which is information and knowledge, having knowledge about things and the wisdom to know that something is fishy or suspicious is always going to solve the problem of the scammers. Regarding the people that see bitcoin as a quick money scheme, you're wrong and anyone who sells you something that tells you will double or triple your investment with bitcoin at a short amount of time is definitely lying and wants your money.
Greed is one of the reasons why people keep falling prey to scammers because they want quick money and the crypto market does not work like that. For us to get quick money from cryptocurrency, then we must be ready to learn and understand how cryptocurrency works that could give us to faster profits. The newbies would always want to make profits from the market but most time, they keep doing it in the wrong manner. We can make money from trading, investing, staking, selling of cryptocurrency strategy and so on. There is money I'm cryptocurrency only if we know how to go about it and learn the skill that would aid us to benefit from the market. 
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
~snip
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.
Thanks for reading, and do well to share your opinion.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
~snip
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.
Thanks for reading, and do well to share your opinion.
We all learn from our mistakes. Getting rich quick is not an easy job especially when you are new to a field.
It's common to fall for such get rich quick schemes as a newbie but that's how we learn.
I would rather say that he learnt his lesson by paying $80 as a fees. Now that he has got scammed once, may be he will pay more attention the next time.
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