Bitcoin Forum

I was so much curious about bitcoin some years back and end up scammed up my hard earned money which make me fearful and negative towards cryptocurrencies.
But slowly i have learned a lot of things, experienced more and i'm changed and now things have changed. Now i am a hodler and very positive for the future and will always be consistent in it.BTC

Great you found the potentiality of cryptocurrency and decided to invest into it. Scams are way around; be it either crypto or fiat. There will be scammer forever and it has nothing to do with scam. It’s you, it’s me, it’s people who can save themselves.

Bitcoin is a journey.

I was scammed by all the shit-coins too, lost a lot.

Bitcoin is now every second thought in my brain. It completely changed my life. It is so valuable to the world - we are still so early!

I think that being scammed by a scammer has nothing to do with your trust and belief in Bitcoin.
It's just like when you are scammed by a fiat money scammer and after that you say "I don't believe in my national currency anymore!" ;D Sounds ridiculous,right.
I was scammed with 100 USD worth of Bitcoins back in May 2020,but I didn't lose my trust in Bitcoin,just because some scammer stole my Bitcoins. ;D

Your story highlights one interesting fact - a first negative experience can often make people quit for good, and in crypto negative experiences are waiting around every corner - scams, hacks, understanding difficulties, accidental loss of funds, etc. This is one of the reasons why adoption is slow - not only some people quit crypto after trying, they probably share their story with friends and discourage them from entering crypto too.

Getting scammed in Bitcoin or even in fiat is normal these days, especially now that we're in the middle of pandemic. I've also been scammed the first time I was trying to have a Bitcoin to test it out if it's really legit. The person that I was trying to buy bitcoin at blocked me after I sent him the payment, I was shocked but luckily it was a small amount of money and my friend guided me to somewhere it's safe to buy Bitcoin.

Just like you, I'm a bitcoin enthusiast since that time. Bitcoin changed my life since then and for its lifetime I believe.

Almost every cryptocurrency user who get into the cryptomarket without knowing much about bitcoin will easily get scammed. Everyone who take it a learning have benefitted out of it in the long term, whereas the one losing hope misses the opportunity as well as spreads negativity. When we handle technology based investment it is one's own responsibility to secure the holdings and investments.

There are tons newbie are got scammed easily these days, greedy and trusting unknown people are the most cases.

You need to be sincere and learn from your mistake. Bitcoin in bullish season now, you'd need be more careful if you want to start holding now... it could be back on 2017-2018 (when Bitcoin reach new ATH and dump to $3,000-$4,000).

If it's because of pump and dump scheme (not manipulated), that's not a scam.

In the start, most of the people I met have been scammed one way or the other. But as soon they learned how all of this works, they became confident. Glad you did the same!

We need more people like this, believing in the potential despite the adversaries that fester the crypto world. I did have my doubts back then but at the same time those doubts about criminal activities perpetrated through cryptocurrency piqued my interest and from there and then the rabbit hole of crypto world is where I am right now and I am happy that I was curious back then.

To OP, I hope that the scams in the past made a valuable lesson about not letting your guard down and at the same time being open-minded to the ideas that may come your way and ask for your assistance.

Unfortunately that is one of the reasons why so many people do not want to invest in Crypto currencies. There are so many scams out there that are linked to Bitcoin and this is stalling adoption, because for every 1 person that are scammed..10 to 20 people connected to that person is totally influenced negatively by the ripple affect of that scam. (word of mouth influence)

I had several guys at work that invested in some Ponzi Scheme linked to Bitcoin payments and when this collapsed, none of them wanted to touch anything linked to Bitcoin again. (That was after I warned them at least 100 times, not to invest in that)

I have to compliment OP, for getting back onto the horse and doing proper research.. before he jumped back into the saddle.  ;)

Now everything is clear especially when you look at the current price of BTC in the market. those who hold their BTC from the beginning have now earned so much and those who bought from last year's bearish market have now got some decent amount of income because of the sudden surge of the price in the market. I wonder if it's gonna hit some new ATH these upcoming last days of the year and I also wonder how long do investors can hold their BTC with this tempting price in the market today.

Many people have also been afraid and negative towards crypto due to scam projects. However, it is good that you can still learn and continue investing your money with cryptocurrencies, even you are very unlucky with your first investment in cryptocurrencies that you end up getting scammed. I assume you have been able to earn a considerable amount of profit during the bull run so that you might recover all of your losses from your scam investment.

Often happened that those believer come from bitcoin fortune.
I mean they did not mean serious but as time goes by the price increased a lot , they did not expect that and it turns them into believer.
The way you do to become a bitcoin believer are because of looking for this fortune isnt it?big lie if people doesnt care about gain.

sorry for your loss, but good for you for overcoming your fear and negative view towards cryptocurrency(which a lot or maybe some of people can't over with). your experience shows that investing in information towards something that you are interested in is the best knowledge you can have to succeed in the field you are interested in.

Scam is not the fault of cryptocurrencies like Bitcoin. It's the fault of shitcoin creators or just people luring others into various schemes. So I'm glad that you're not keeping a grudge against cryptos because of that bad experience from the past. However, hodling should be done if you truly think Bitcoin will rise a lot in the future and if that's what is most important to you. I think there are many hodlers here, but in my opinion, Bitcoin is not for hodling and capital gains. To me, believing in Bitcoin's future is not about hopes it will cost $100k or something, but about it being more used and recognized as a medium of exchange.

I think everyone here have been scammed one way or another, specially if you are really a noob and knows nothing. I was scammed by this bitcoin doubler way back 2017. But since then, I've gained enough experience and promise myself not to be con by this criminals. So sometimes you really need to go to that bad experience to gain valuable lessons.

Good this is really a journey, sort of marathon and not a sprint, so best of luck to you.

We sometimes face problems, and encountering scammers is not new since there's already a lot of scammers out there. But getting scammed doesn't mean it will always be bad for you here, you just have to learn from that lesson to avoid the same mistake. It's nice to hear that even with that bad experience of yours before, you did not close the door for bitcoin and still decided to believe in bitcoin.

The earlier we know that bitcoin is a journey, the easier it is for us to accept the Challenges, risks and responsibilities that comes with it. One of the greatest thing in life is to discover one's strength, abilities and weakness and maximize it for the positive.

No wonder. Not everyone understands bitcoin from the very beginning, but then comes the realization of its importance.

It much more okay if you are critical thinking and will be scammed in the future for those who are beginners in cryptocurrencies who are investing in ponzi scheme are really had bad experience in it. but look forward and move on we always learned our lesson from our mistake, And i am really glad that you are now a hodler and choose to invest in bitcoin currency, Just always analyze things when you are going to about risk your bitcoin or money when investing to not lose or got scammed.

If you just educate yourself for a few hours in scams in general and how they work and prey on your emotion then you can visit a few crypto scam sites so you know what to expect and what to look for.
It's just basic human common sense really. You need to ask many questions not just accept something you read. If someone is offering to pay you then you need to as how and why they benefit.
If you do this you should be fine.

In most cases the attitude in the very beginning changes after some good results or real positive examples. Personally my attitude to the crypto in whole was very ambiguous, it was hard to say that I believed in it at first glance, but after some deeper learning and communication with holders or traders I have found out the new world for myself. It was a real surprise that something like that exists. Nowadays I am engaged into crypto world and it is a part of my real life))

Majority of noobs that had invested out on HYIP or ponzi scams would really be having this kind of mindset or belief into their minds that Bitcoin is a scam without
even knowing the truth behind that Bitcoin is just a coin that had been used and it doesnt correlated nor connected into those scam programs that do exist on where
people believed that it can really make them rich in no time.If you are that sensible towards your investment or a little bit curious or interested with Bitcoin then
you will really find out the truth when you do tend to make some research.

Sorry about getting scammed , i think it's really common for most newbies get scammed during their first time in the crypto sphere if they aren't careful, since they are new they have little or no knowledge about how crypto, they can easily be fooled by hyip and ponzi schemes (bitcoin doubler)  :D, but it's really good to see that you finally saw the good side of bitcoin once more, and decided to be a full time supporter now.

I started this journey in 2017. I was reading and searching about crypto in this forum. I joined some airdrops and signature campaigns here. Even I translated whitepapers of some shit coins. Even some of them were very promising. I hodled them but they don't worth even 100 bucks now.

I am more experienced in trading and when to hold. What I believe is the truth is major crypto coins are gems. And bitcoin is the King. Of course there are some successful coins came up with new technologies but I was lazy to invest on them or search about their project. For 2 years I was not even active in this forum. But I am back again. I believe in Bitcoin and some coins.

I believe that blockchain is the future and cryptocurrencies will be accepted in near future...

I was there too. back when we didn't really care about the project, use cases, and not really realistic about it.
any project that mentioned "blockchain" or "decentralized" word would be easily to be funded and supported back then ;D
now, "the class of 2017" become wiser (at least become realistic first), it's good that we can share that experience with new people who want to jump into this crypto universe.

oh, we have a "class of 2020" who were born during this DeFi era now.
You may have hear/read these terms, "DeFi Gems", "Uniswap Gems". or anything like that.
a hit and run project. most of sh*t DeFi projects benefiting this DeFi boom.
we saw unrealistic gains from those shi*t tokens.

It is sad that some of those who also experience scam through crypto has quit and stop on believing it.
I had some friends who also tried crypto back then but lost their money by investing in HYIP or Doubler and didn't try investing in crypto again.
I also experience being scammed by those HYIP and shitcoin but I never quit because I believe that crypto could give me financial freedom.

A beginner who is initially trapped in HYIP investment will certainly feel that cryptocurrency is an inappropriate platform for him because of its many disadvantages. But when he starts studying it and finds out what advantages and disadvantages the cryptocurrency platform has, of course they will come back and start learning from the mistakes they have made. I was also caught up in some HYIP investments at first, but I learned from that experience that there are still many projects to pay off. Currently more HYIP projects with a variety of new methods. The DEFI project is the most popular project but the risk is greater, because the price fluctuation can reach thousands of percent or more.

The more we had previous mistakes, the more we tend to learn. Sad that I have been scammed, too when I was a newbie in crypto industry. The fact that my trust in cryptocurrency went down after that experienced but realized afterwards that Bitcoin as a cryptocurrency is legit but I entrusted it to the wrong person.

Months and years has passed and now I am a strong btc believer and enthusiast which my past bad experienced taught me to become a good btc investor. We definitely are lucky to be part of this new technology that can be useful and beneficial to most of us.

Maybe he is disappointed with the crypto because of his bad experience before. We hope that people will be back to crypto again, especially if the crypto market can rise back like before. We can not do anything for them because that is their decision, but we can still explain that it is normal to get lost from the crypto, and all people will get that experience.

The HYIP scams many people, but some don't stop searching for other ways to make money. They still believe that it is about a matter of time before they can make money, and they don't want to stop before they can reach their goals.

Well, I must say good for you. Not the "scam" part though. But with your realization that bitcoin has a lot of potential and it holds a great future.

This experience if yours also just shows that bitcoin is not a scam. It's just used by those people who only knows how to take advantage of others. Glad that despite the bad event that occurred to you, you didn't lost hope and tried again in your own way. Good luck to all of us in this journey.

It is always the mistakes that will help us to grow and to realize everything that we did from the start.

It takes a lot of courage, risks, and hard-work before you can recover from that losses and always remember that bitcoin is volatile and you can make profits or recover your losses depending on how updated you are.

I just don't want you to give up on bitcoin investments because you are not the one who suffer like that, just understand that investment is full of risks.

It is only natural if you become a victim of scammers to doubt Bitcoin, because losing money must be painful. But from this incident
you will definitely learn a lot, and begin to realize that Bitcoin has positive things and can provide profit. The most important thing is
we have to be careful when investing in Bitcoin, always start with a small capital. Determine a popular and safe Bitcoin trading place.
After that, do an analysis to determine the buying price and selling price, that way it should be easy to make profit from Bitcoin.

Many people first had different bad experiences with crypto in general, if it's not about hackers, it's about scammers and even shitcoins, but the most rampant I think is the case about shitcoins. During the 2017 bull run, many joined the crypto space and without much knowledge and information, invested heavily in many coins and learnt the hard lesson, which is, some team exited scam and some were just pump and dump, hence the reason in many people's wallets, you will see different shitcoins with no value, this changed a lot of people's mindset.
But however, those who later went for knowledge were then enlightened and they then come to the understanding that, there is no coin like Bitcoin hence believing in the crypto space again.
This is the reason why it's very important to first study the crypto space, know the right things before investing, most especially nowadays with that high rise of new projects.

That’s good. Most of us here had to experience one thing or the other when we started making use of Bitcoin.
I also had to experience the same kind of thing when I was still new to Bitcoin and didn’t understand how things work and ended up losing money to some dumb ass scammer, it pained me for months lol, till I got over it and decided to focus more and make better achievement instead of crying over the little money I lost. I almost quit Bitcoin completely because I stopped using it, I left completely until I was ready to use it again.

Many investors leave the market with losses due to HYIP and they cannot recover the amount of their losses later. The smartest thing to do is to leave the crypto platform and move forward by analyzing the crypto market and gaining experience on the sites of the exchange. Crypto's project will be risky no matter what. Success is possible only if you try to avoid risks and move forward. Even if the price of currencies goes down due to HYIP, it doesn't hurt much. If the amount of investment in Bitcoin increases, the market will return to its previous place.