Bitcoin Forum

I honestly don't mean to be rude or anything but seriously ?

A lot of services scammed or really got hacked (Mt gox , Bitfinex , Poloniex , Bter , Purse.io , Coinapult , BitStamp , Scrypt.CC , Bitcoinica , Bitcurex and much much more)


Till now and after getting people losing thousands/millions of dollars , people still don't understand that they shouldn't keep their coins in Exchange for long term.

---

If we speak about Cloud mining companies , I think we are giving shitload of warnings when someone ask about cloud mining ... Still , people keep investing there and then cry when the service "claim" that they got hacked and never comeback.

Example :   HashOcean (lately) , Cloudminr , Cloudmining.website and a lot more !


So I really want to hear your opinions on this one guys.

PS : Halving is coming , you may want to start withdrawing your coins .. just in case ?  ::)

If you have invested in any cloud mining sites and if its still running at a moment then I think this the best time to withdraw as if price crosses $1k at halving then they may run away like others did in the past.

The Bitcoin market is like the Wild West right now. There are no rules, no government control and no honesty. Also Bitcoin being in the gray area right now and a digital asset at that makes it very easy for sly companies to embezzle customers' funds and blame the breach of security on non-existent hackers because most if not all of the incidents were inside jobs in a direct or indirect way. I have noticed that Bitcoin has made people very greedy to the point that they are happy with investing coins at dubious businesses as long as they can get a handsome profit which is usually just a misleading miscalculation - for example the cloudmining websites and other HYIP schemes.

Anyone with cloud mining or shitcoin does

Investing money in bitcoin is really good, but investing bitcoin in any site is impossible for me now, as everyone is running away with money, so I would prefer to save my coins in my wallet without investing it anywhere.

Most of "cloud mining" companies here just a ponzi schemes, don't invest. At least until you receive the proof of mining hardware and submitted blocks in blockchain.
Don't worry about halving, the price will be boost!

Well btc-e has been running with no government control for a long time and theyre still going strong.  I think around 5% of my btc is there at any one time and im not nervous.

They do!
Most of those "investments" where based on a "shut up & take my money" rule.
No research, no body even cared to ask some questions about the company they want to
invest. If people dont have respect for their own hard earned money than simply they dont deserve them.
Funny that after all those hoax company's go north people start the cry for justice.
                https://media.giphy.com/media/cposIZN1t7QZO/giphy.gif

Maybe why people still invest in fake cloud mining and ponzi sites because they just want to take risks.
It's just like gambling. Just like a dice game. Some ponzis pay and some do not.
Your money may double or maybe not. That's most likely it is.

You are totally right.Purse.io???I have an account there.Do you say that purse.io is a scam?

This is why bitcoin can`t gain more popularity.People are afraid of using btc because there isn`t any

guarantee that they are not dealing with scam companies.

Yeah that is major problem that people hesitate in using or investing their money in bitcoins, as they feel that they will get scammed and loose all their money in it.

It depends. I of course don't want anyone to lose their coins, but if they knowingly "invest" their money in into obvious scams, then I find these people have no right to complain. It's simple, if you know that you are "investing" your money into scams, then you must accept the fact that your coins can be gone at some day. People that are storing their coins on exchanges, online wallet services, gambling sites, etc, are just being ignorant. They simply don't have learned anything from the past, or they are too lazy to deposit and withdraw their coins each time. It's not smart, but these people can still change and do the right thing.

 

Those who dither or refuse the responsibility of protecting their own wealth will ultimately pay a higher price then those of due diligence.

Those who knowing or unknowingly gamble with their wealth will ultimately suffer a higher risk then those who are fiscally responsible.


Having said that. You have asked a philosophical question.
Dose a gambler deserves to lose?
What about a retarded gambler?
A rich gambler?
A poor gambler?
A ill informed gambler?
An elderly senile gambler?

the mistake is indeed for keeping their funds on exchanger too long,they should know exchanger's address is fully controlled by the exchangers and they'll potentially turn into scam(trust no one) different if they keep on cold storage which make them have full control of it,and even you just already warn them about the danger of "fake" cloud mining,they still don't give a shit because they just interested on profit without calculating any possibilities

Sadly I gotta agree with the OP.

People are stealing left and right and people are still trusting these sites. Its another reason I dont trust atm cards or any of those companies. After
Gox I think it proved any company can go down. Its a scary world out there and can almost trust no one.

IMO yes they deserve to lose their bitcoins because they know that they only need to invest what they can afford to loose (as usual) but they pretend to be blind and put all their money and even though they got scammed in the past like mostly on HYIPs they still didn't learn the lesson because they feel safe because of the feedbacks and to the review sites that saying that hashocean is top 1 so it will not turn to scam but now they eat their own words and cry like a baby because they don't mind what others opinion about investing and only think about their selves. It just my opinion. No hate :D

The independence of Bitcoin has advantages (nobody can take you money like they already have in Cyprus and some other banks), but these advantages come with inconvenients (if people scam you there is no way to recover your money). It's part of the deal, if you think it's not worth if just don't use it.

 I will not invest my coins in eny invesmet site becaus there is no trusted sites in to the internet... so why
People deserve to lose their Bitcoins ? becaus there is meny scam investment programs with hight daily% and that sites is of course risky and scam+ maining sites

If they tempted to try to invest in HYIP or ponzi scheme then they are deserve to lose their coin because of their greed, but if somebody lose their money from trade scamming i dont think they are deserve to lose it, because for traders it is easier to do transaction when they keep their money in trading wallet

People wants to multiply their coins in quick time and their greedy nature comes into play and they invest their money in sites without any research or investigation, and they loose everything at the end of the day.

I said "A lot of services scammed or really got hacked" , Purse.io is one of those services that got hacked and as far as I know they are totally legit : https://www.cryptocoinsnews.com/purse-io-users-are-targeted-by-hackers-10-235-btc-stolen/

But to protect your self , you shouldn't store your coins in that website for long time , just for making the transaction and then withdraw.

It is true what OP is saying but it is the mentality of a human being where ever they finds high returns with less investment they just jump and invest it after that they research and then see that they got cheated or scammed this is the reason why this sites are still getting feeding from newbies.

No honest people who have earned their money with hard work and dedication deserve to lose their funds be it in the form of digital cash or paper money. I think Bitcoin is a prime target for hackers and dishonest exchange operators because it's easier to claim that something went wrong with people's money and cover their tracks without the fear of repercussions. I guess if business is done face-to-face and not over the veil of the Internet people would think twice before resorting to scamming or hacking.

To be honest there is big reason why people are losing their funds because they are lazy and trust on their security system, that is why any inside job can make us without all funds any time so that I think it is better never let funds on any sites there that can be dangerous for our future.

It's true that people need to be very careful with what they are letting the Bitcoin exchanges hold on their behalf, but I think the problem of having no trust in the Bitcoin community needs to be addressed as fast as possible. Why should we always worry about losing our money if left unsupervised at some exchange or online service? I would like my Bitcoin funds to be secure at whatever company I choose to do business with and I hope this rampant 'hacking' scenario is no more allowed to happen because it's simply preposterous.

This is already built-into humans. Large numbers tend to drive a person into investing in them.

Aside from teaching and spreading word, we can't really do away with human stupidity. It's better to learn a lesson the hard way.

yeah they deserve even me by giving my bitcoin to a scam services. because there is no contract or something that give you the right to have your money back so you can tell that is only a giveaway not an official investment.
giving money without anything mean that you take a risk of losing them that is why you deserve that.

You could add a big portion of altcoins to your list of scams as well.
The reason all that might be greed, negligence, downplaying and underestimation aka "All will be good, it won't happen to me."!
We can repeat our words and warnings a thousand times, there will always be people who will have to learn it the hard way.
A pitty but that's how it is.

umm, maybe not all of them but i agree that if you make a stupid investment or i better say if you hand over your money to the scammers without trying to find out more about them first then you deserve losing your money.

I feel that question whether people deserve to lose or not their bitcoins is not so simple and easy to answer.
I would like to say that someone who blindly invested in cloud mining deserve to lose their coins, but again - I was fooled by scammy cloud mining in the past as well.
But from the other hand even legit services can be attacked at any time, the only way to prevent that is not storing your coins online, but that is not the always possible...

It is really unfortunate if honest people sometimes lose their money. But we can't do anything about this, 100 years ago you would lose your gold coins, today it is bitcoin.

does some one that puts money in shady investment and/or cloud mining sites deserve to lose their money? yes. does some one deserve to lose their coins for leaving them on exchanges? no.

Nobody deserves to lost their bitcoins, but yes if they make stupid decision it's hard to feel symphaty for them.
At least i don'thave it.

Of course, people shouldn't keep money unsafe and it's their own fault they do so.
 "Halving is coming" - how do you know that? I thought BTC is more like raising now

You can tell who is very trusting of others or just hasn't been rip off or "hacked"* before. Stop trusting others with your coins! This isn't fiat ffs!

*obv I know I wasn't hacked neither was blockchain.info. Those retards lost/ stole from me about 0.05BTC worth. Bastards.

Yes, We have repeatedly warn people against these centralized services and they still store coins there.... Yes, we have repeatedly warned them against Cloud {scam} mining services and they still

invest in them... Why? --> Because people are greedy and lazy by nature... They want the quickest and most convenient way to make money, with very little effort. This DOES not exist, but they still

believe that is does. Should we hide away and wait for the hyped up Halving event? Yes, but if you thinking this event is going to make you a millionaire over night, you are wrong about that too.  ::)

For others they are just having fun and they can afford to lose unlike other people are looking for instant profit while they are playing gambling is base on luck you can not know if you can win or not unless if the gambling sites are fraud..
And i think its not deserve to our bitcoin.. gambling for me is nonesense.. many ways to have fun not only gambling.

I can't blame someone who got hacked suddenly while he have his funds (for few hours) in the exchange maybe, but someone who is storing them for long term and large amounts ? I can definitely blame him.
I mean , It's more then obvious that anything that contains money (exchanges) is a target for getting hacked , credit cards , Paypal accounts ,everything. So It's same case for Bitcoin.

Add on the list also cointellect, I invested a lot of money at their beginning and they turned in scam after a while.
People do not deserve losing their bitcoins in cloud mining and exchanges because sometimes they do not know in what risk they are involved.

Wow how could you state this. People may be ignorant but's it's the hackers fault all along. They are too stupid to find a honorable way of living and they should be punished from them.
What you saying is hackers have the right to hack people and steal money. Don't you realize how stupid that sounds?

Proper guidance and ways to prevent these things from happening is our first task as a community.

I don't think it's right to say people deserved to lose their bitcoin.  Mt gox  was unforeseeable at the time and although it has  taught many people not to store anything on exchanges not everyone can know this.   As adoption grows   the responsibility lies with us to teach those who don't know better because people losing money to exchanges affects the image of bitcoin. 

I actually do some bitcoin ptc sites and some of the stuff I click on is terrible. Apart from the cloud-mining scams you have all these doublers popping up everywhere, then after a few days they go poof! I remember when I first came on the internet there were all these hyps and cyclers, doublers happening in fiat, now they do them with bitcoin so they rip even more people off.  :o

People who ignore our warnings when we say that a certain site is going to scam, they don't necessarily 'deserve' to lose their coins but it's the consequence they receive for ignoring warnings.

I am still surprised how many people are still investing in various cloud mining sites when even the longest-running one just turned into scam.

Yeah it can make bad image for bitcoin and i think its not deserving that people lose their money for nothing if its always happen people will afraid to use bitcoin as their money online or use bitcoin service to buy something online.. people dont want to scam we are always heard scam every month locally and online.. bitcoin made only for trading purposes before and now its already adopted and more adopted will come with bitcoin they want to get some benefits with bitcoin but many people are fraud scammers or any evil with bitcoin that can hit the image of bitcoin it can slowly bitcoin growth..

i agree with op about cloud minings;
i'm one of those people who goes around telling people to stop doing it & the only money cloud mining makes is for the farm owners!
but i guess at the end of the day every single person HAS to learn it the hard way, the same way i did, to be honest!
(although i don't understand why it has to be this way, the fact is that it just is!!)

about exchanges & hacks sure its a bad idea to keep a major portion of your crypto wealth somewhere where you literally have no control over it;
on the other hand, every single thing you do in cryptos is high risk, thus the high reward;
of course one shouldn't, unnecessarily, increase that risk by making uninformed decisions or being lazy.

I don't think anyone "deserves" to lose their bitcoins unless they themselves did something shady/illegal with them or to get them to begin with. But if they do lose their bitcoins to some fly-by-night operation, then the responsibility is on themselves for not being more careful in taking the right precautions - i.e., not keeping more than what is necessary on whatever site they have their bitcoins on.

Like they say, sometimes the hard way is the best way to learn.

maybe some people have not been in bitcoin for as long as you have and have not learnt the leassons of the past yet......?

The halving is near we need protect our bitcoin carefully so better to not invest right now it's better if our bitcoin is in our wallet even other ponzi scheme is easy to close now so stay away from any investment right now and hold your bitcoin.

if someone just want to secure their bitcoin/wealth so they need to learn about security not just letting their bitcoin in random address which have low security,preventing is always the best option rather than curing,and new or old user doesn't matter

i agree, it is a harsh and wrong thing to say that in general although OP is mostly talking about those who give their money away to the scammers like inveting in HYIPs or cloudminings

but i agree that when you lose your money to things like Mt gox or cryptsy even when you never keep your coins on them that is not your fault.

If they invest on HYIPs,Doubler or ponzi scheme site then yes they deserve to lost their bitcoins because it's their own fault, they trust that site even though they already know that there is always a risk on investing bitcoins.

yes it deserve but only with those people who doing trade and investment without thinking and without studying the market. it also deserve with those people who are playing gambling with any planing,

People are always fond of investing but they dont read the conditions that says "invest at your own risk" but people still invest regardless of the warning that the site. They agree that when they lost their btc the company is not to be blamed. But when the company collapse people tend to murmor and say that the site is a scammer wherein fact they made an agreement that the company is risky. Its just a defense mechanism blaming others for their stupidity and ignorance.

no investment condition in the world will say "invest at your own risk" instead they advertise their system as a risk free investment , and that is not even limited to bitcoin related investment service but it is everywhere like this.
and those people fall for these nice words and a nice website design and think the site is legit so they invest.

So if we look at the history of other Ponzi schemes that are not Bitcoin related, we can make the assumption that newbies has to burn there fingers first, before something is done or said? Nope.. We

will keep warning people against these centralized services and also against these fraudulent activities. No matter if you are only into Bitcoin for a day... the warnings will still be posted on this forum

and with a little bit of research... people would know to avoid it. You could still just use Google, and search for "badbitcoin"  ::)

I agree that we as responsible people and a bitcoin enthusiast must warn people about certain stuff that can exploit or make Bitcoin impression bad.  Warning people wont hurt us, but we must not push things to them.  If they listen to our warning, good for them, if they don't, well we can't do anything at lease we try.  People, especially begginner must be guided so they would at least avoid, some if not all, things that will exploit them.

Usually the money is at exchanges because people wanna grow their portfolio and the most safe are exchanges, almost all investements has its risks related,  the most of use ignore it focus only and potencial income soo they don't see any signals and some projects hiden it very well.

People who keep their coins in fiat are so paranoids but they are also right, when you are working on somebody who you didn't know should be always carefull to your goods.

If you are investing your fiat in buying bitcoin then its a safe investment to make but if you are investing your bitcoin in any online investment site then you need to be very careful.

Agreed. There are many desktop wallets out there like https://multibit.org/ which doesn't require the user to download the entire Btc ledger, and the software has been verified and is trusted. I would go as far to say don't trust online wallets if possible. We have the power to do it ourselves now..

i think you are right, there is no need to keep all your money in fiat and caged in your bank account because in my opinion you cannot make any moment without doing anything with it

people dont deserve to lose their bitcoins i think, even if they sometimes make dumb decisions and invest their money into scams they still did not deserve to lose it in my opinion though it is how it is, people should never invest it into such schemes

This is an interesting point. And I have to admit that I am also incurring in this excessive overconfidence. But actually at this point I don't know what to believe, because in this virtual economy everything is possible and in the long run I am convinced that 90% of current bitcoin-based websites will become scam.

I only feel sorry for newbies who are not aware that the sites  they invest their bitcoins are typical ponzis and not some kind of serious investment like they try to convice us.As for the people who have been warned that they participate in a scam and are looking to make profit by stealing the money of newer members no i don't care for their losses and i agree that they deserve to lose their money.

The possibility could have happened, because the world is growing all of the technology very well. So the bitcoin also has the same potential (scam), whether it's from the original owner of the bitcoin suddenly came and did a fairly strict regulation or other things.

scam is occur everywhere not only on bitcoin only dumb saying scam is because of bitcoin not because of the individuals

of course scams happens with all the money in my opinion and you cannot avoid it usually if it is perfectly set in my opinion, i think people should avoid such stuff that looks scammy

in my opinion people usually do not deserve to lose their money because people usually earn money with a lot of efforts and some scammers just come and take it from the people

Bitcoin attracts a lot of greedy, ignorant morons and yes they probably should have their wealth transferred to others who can do better with it.  Tuition is expensive sometimes.   As much as I hate blaming the victim, if you're a hot chick walking around Target in just a bra, don't be offended if the guys are ogling you or worse.

People don't deserve to lose their bitcoins. The exchanges are to ones that steal the money. The victim should not be blamed. Plus even if you keep you coins on an exchange short term, the money can still be stolen.

I think really what is being said by him bitcoin has the potential to be a scam. It happened because the users themselves? bitcoin's life depends on its users. if all users sell their bitcoin (only example), the bitcoin prices will gradually fall and become scam $0

Normally,no one wants to lose their bitcoins,include me,but i also think that people who invest on cloud mining that have potentially scam,they deserve to lost their bitcoins.

I never keep my coins on any exchanges for a minute longer then they need to be there.

Those who really deserve to lose what they have are the ones who are scamming others. The victims are those who believe they can get quick profits, probably due to greed and sometimes lack of knowledge about these scams. If people get victimized by these scams for the second time, then, they deserve to lose their money since they should have learned the first time they got duped. Once is enough, twice is too much.

I would like to Hold my Bitcoins For a price Increase and I Don't want to Invest Bitcoins in a shit investment plans like mining, doubler sites.... They are scamming people....

Yes right with halving coming and so many warnings and talks about it since months...every body should have withdrawn their coins much before to their secure wallets...mostly people learn after loosing their coins

if they scammed it then why not but if they work hard to earn it definitely not

I personally think that people who get scammed aren't always at fault and they deserve it, if it is something like a ponzi scheme and they lose their money then I feel next to no empathy for them, or any sort of get-rich scheme for that matter.

If the person got scammed by what seemed to be a legitimate business venture, then I feel a bit more empathy for them, as they got legitimately scammed out of whatever they had.

I agree, not just cloud-mining sites but also in hyips or doublers which are really scam. People still risk their money even if they lose it for how many times. Even if they already know the risks investing there, they are still joining that scam sites. They don't want to explote the other ways to earn like trading which has a less risk if you know how to do it.

The only people who deserves to lose their coins are those who are really greedy and those who are always spreading and promoting their referral links and fooling some new users of bitcoin to join those cloud mining and hyips not all people deserves to lose their coins but most of them even they already know that they would get scammed they are still investing their bitcoins .

It is Greed attitude that makes them deaf, they are blinded by those promising ads with High paying return schemes within a short period of time, that's what also scammers are always feeding up as they know for sure there are people that will always look for an easy rich type of investments.   

i never heard any Newbie lost in bitcoin ponzi sites. for the experience the most experienced bitcoin users fall for these ponzi scam sites and then regret later. It has nothing to do with ignorance, it has to do with greediness nature of humans.

I had invested into hyip and doubler of bitcoin, but when i made that i hadnt any recent information from no one present at those website, soo i took the risk the result were the same no payment from the doubler and just 4 payments from the hyip from 25 payments. We loose money sometimes because we wanna believe that we will be able to make something as some are doing.

investing in hyip's is never a good idea.
Maybe the only way you can make money out of it is just getting in with some money at the frest start of hyip,and paying out all the money u deposited i dont know,a week after start?
Anyway people dont deserve to loose their hard work,never.

1st of all thank you for the warning to withdraw the coins and I really did it now. If I havent read this maybe I left all my coins there and would not know what may happen.
Its just really sad to think people could do that for own profit. Damned world we have.

of course people dont deserve to lose their bitcoins in my opinion because it is a really important investment for most of the people so i think it would be a disaster for them to lose money

I'm very glad that some people took the warnings and advice I and other members gave seriously .
Remember that we are away from the halving block reward by couple of days , If you didn't withdraw yet then It's probably the best time.

there are two different scenarios when people lose their bitcoins. for example if you want to trade you have to put your bitcoin on an exchange even if it is temporary for one day, and that exchange can turn into MtGox any day and you lose. in this case you don't deserve it.

but on the other hand there are people who invest their bitcoin in obvious scams like HYIPs, ponzi schemes, cloudmining that are shady, and a lot more. these people deserve to lose their coins.

I withdrawed few @ 740 last month as I thought that was the best time to sell some of my coins, and that decision proved profitable for me as price started to fall after that.

I think it is just somekind of a common sense not to store your coins to a wallet that's basically in high risk of shutting down anytime, especially on this special event.

Well, people do they own ways to gan profits, in whatever way they can. That is the world we live in.

yes i also investing my money in bitcoin because bitcoin get more increasing its price and i hold my all bitcoin and never investing my bitcoin and never spend my bitcoin in games or online shopping or other thing .

I thank you for that. It is really gettjng more riskier. We still dont know what could happen. If price strikes at a huge wave up those succubus exchange owner might close down and we will be sitting ducks that cant get our money back.

Agree it's deserve for them what happen to them, it's the greediness to earn free without doing anything just need to deposit but if I were him I will accept it not a failure but learning and next time they will not be victim again.

Me also way back before i am greedy to earn more bitcoin and i do investing bitcoin in some investment site that with promising to return a huge interest but after i invest without or 1 month after they already going to scam site but now i learned a lot in bitcoin community and i do not to take a risk again to invest in the mining site either in gambling.

Not all member here  are deserve to lose their bitcoins. why? It is because some are joined here for savings and to explore their knowledge in online marketing. Maybe its possible to those bitcoiner who are greedy in bitcoins so for me their the one who is deserved to lose their bitcoins. :)

No, people do not deserve to lose their coins.
If any exchange get hacked they should refund all of bitcoins that customer had. I am talking when a server get hacked and like 1k people lose money. But if someone get hacked by keylogger or whatever, then it's hid own fail and he should accept that as is. Not easy if many coins but you're adult so take care of yourself.