Bitcoin Forum

Other => Archival => Topic started by: Symmetrick on November 26, 2021, 12:45:08 PM



Title:
Post by: Symmetrick on November 26, 2021, 12:45:08 PM


Title: Re: Newbies, don't be naive
Post by: Charles-Tim on November 26, 2021, 04:04:27 PM
Understand that no one will share with you REALLY WORKING methods of earning money, they just want to make money on you, or it is corny to cheat, extorting money from you and hiding, without giving anything in return.
Especially in trading, there are signals and bots. Although, I have no experience about these two but from what I have learnt, people are getting scammed this way. I can never use my money to buy signals or bots, I will rather prefer to go for the basic learning., Learning about the technical analysis, checking news very well, following celebrities like Micheal Saylor on Twitter. One thing newbies do not know is that they do not know the basic aspect but then in danger of losing money in just few period after they start to trade.

Newbies really need to be patient and be very vigilant, joining forum like Bitcointalk and learning about how to avoid scam generally. It is all over everywhere because many people are scammers. Many ways to also lose money to people, but all easily avoidable if learning how to avoid crypto scam and scam generally.


Title: Re: Newbies, don't be naive
Post by: tranthidung on November 26, 2021, 04:40:48 PM
Beginners, remember, no one will ever share with you real methods of earning
There are very few people who are readily to share such things but even if they are generously and share it, they don't share all things they know.

Additionally, a tip that can work for them might not work for you. It is key point and when a person tries to apply any tip, if he or she fails, it does not mean that tip is not correct. There are lots of thing can affect result and very few newbies can be disciplined on the market and strictly advice given signals or tutorials from experienced experts.


Title: Re: Newbies, don't be naive
Post by: Pmalek on November 26, 2021, 05:44:05 PM
If what he is trying to trade (be it a super strategy for making money or a miracle bot that generates profit itself) worked, then why would he need you then? Ask yourself this question every time someone offers you to buy or invest your money in such a super product.
This is the most important thing in your whole opening post. It shows that the industry is full with uneducated (maybe also unintelligent) individuals who can't ask themselves why am I so special that this person needs me? Why is he looking to help me to make money and not his own family, friends, relatives, neighbors, and other people much closer to him rather than an unknown person over the internet? Or if he doesn't have any family and friends, why would he include more people in such a profitable business where you only have to click on one button and a magical software earns you tons of money?

Not falling for obvious scams does unfortunately require a clear head and a little bit of intelligence. 


Title: Re: Newbies, don't be naive
Post by: The Cryptovator on November 26, 2021, 05:51:51 PM
Beginners, remember, no one will ever share with you real methods of earning. Of course, there may be exceptions to the rule, but these exceptions only confirm this very rule. If you meet on your way some assistant who wants to help you make money, then he wants to make money on you. Nobody is interested in your personal earnings.
This isn't easy to teach as well the real methods of earning cryptocurrency. Even you want to teach your nearest person is not easy at all. For example, you are earning from the forum by signature campaigns. Do you think it's easy to teach someone else? But you and me earning this way. Same for the trading as well. This isn't an easy task anyway. To be honest, earning from the cryptocurrency industry is harder than any other industry if you aren't enough experienced. Newbies in cryptocurrency mean they have to spend a lot of time to become mature enough to earn from there. It looks like easy earning cryptocurrency from far, but when you enter in deep then you may realize how hard is.


Title: Re: Newbies, don't be naive
Post by: Marykeller on November 26, 2021, 06:50:27 PM
It wonders me a lot how does a newbie invest in something he has no single knowledge about. Just in the name of making money.
There's this friend of mine that has invested in so many projects but she doesn't know how crypto works. What and what do you need to consider first before investing in any altcoin. I was asking her how does she manage to know about altcoin to invest in. She told me that a friend of hers do tell her the coin to invest in nothing more.
From our discussion, I get to find out she has no single knowledge about crypto. She's in to make quick profits.
At the end of it all, I started lecturing her everything concerning crypto. Volatility nature of the market, things to consider before investing. Cmc ratings etc I spend hours lecturing her


Title: Re: Newbies, don't be naive
Post by: Blue MoonFlower on November 27, 2021, 02:19:56 AM
Most newbies like me were really naive especially in Cryptoworld. I remember how my cousin was being fooled when she invested in Crypto without having deeper knowledge about it and just believe immediately with the tempting offer that the scammers had laid to her. Good thing she trusted me that much and talk to me about it among others because she was so shy to share this bad experiences she had, for being such a naive... and she also warned me  about the sites that took her money. This incident had helped me a lot to be more wiser and do a lot of research about crypto industry and learned more knowledge to gain clean profits and avoid the too good to be true offers. In some ways, I was thankful for my cousin's ignorance for it helped me grow more wiser and do good in Crypto Industry.


Title: Re: Newbies, don't be naive
Post by: isaac_clarke22 on November 27, 2021, 05:57:52 AM
Beginners, remember, no one will ever share with you real methods of earning.
Oh man, I recall so many bots in the internet especially in social media spamming their copy-pasted comment/post that wants you to DM them or contact them mostly through WhatsApp and when you do, they will claim that they can "2x" your money and you just need to send them your money, and they'll contact you back.
"2x"? Yeah, right. ::)

I recommend beginners also to watch some scambaiters, but don't imitate them as it is quite risky, so that you'll see what could possibly happen when you contact those people. There are plenty of them in Youtube. :)


Title: Re: Newbies, don't be naive
Post by: jrrsparkles on November 27, 2021, 06:09:53 AM
Can we have trading courses from the random youtubers and other social media influencers in that list?

Because I always felt in that way, nobody can teach you how to make money in cryptocurrency trading with 100% rate but these influencers advertise themselves as the master of trading and look to sell their useless trading techniques for 100 dollars but if they are really have any such techniques then its worth trillion dollar in my opinion. ;)


Title: Re: Newbies, don't be naive
Post by: Etranger on November 27, 2021, 02:35:36 PM

And the trend now is that newcomers do not choose a forum as a source of information, but telegram channels, discord channels, YouTube channels. Where the beginner is very vulnerable. And so these scammers continue to thrive as they feed this shit to newbies.


This is because such channels provide ready-made tips ready to use. You don't need to analyze anything yourself, you don't need to learn, you can just blindly follow someone`s advice. And for many people it turns out to be much easier, even if they are aware of a possible scam. Because in case of failure and loss of money, you can blame everyone around you, but not yourself. Erich Fromm wrote a lot about escaping from freedom, and in investing and making money on crypto his ideas are as relevant as anywhere else. People are looking for a headman who will tell them they`ll become rich and happy, and at the same time they don`t need to think about anything, since someone else has already thought for them.


Title: Re: Newbies, don't be naive
Post by: Pmalek on November 27, 2021, 07:48:34 PM
This is because such channels provide ready-made tips ready to use. You don't need to analyze anything yourself, you don't need to learn, you can just blindly follow someone`s advice.
That's a very dangerous strategy. You are relying on the fact that someone else has done his homework but you have no idea if they did. These groups pretend to be made up of professional analysts. They brag around with powerful buzzwords that make the newbies think that those people know what they are talking about. In reality, they are paid groups sending fake tips or organizing pump & dump scams.

And for many people it turns out to be much easier, even if they are aware of a possible scam. Because in case of failure and loss of money, you can blame everyone around you, but not yourself.
True, but the fact that you lost your money remains. And once you find out that you were tricked, you will ask yourself how can I have been so naive?

People are looking for a headman who will tell them they`ll become rich and happy, and at the same time they don`t need to think about anything, since someone else has already thought for them.
People generally don't like to hear the truth because the truth hurts. It's honest and brutal. They like fairytales. They want to hear optimistic forecasts that their investments will return huge returns and they don't need to worry. It's just a matter of time before they can start counting their money. 


Title: Re: Newbies, don't be naive
Post by: Mpamaegbu on November 28, 2021, 06:19:59 AM
It wonders me a lot how does a newbie invest in something he has no single knowledge about. Just in the name of making money.
Surprisingly, a lot of newbies are in that category. Money is the primary motivation for most, and then easy trust becomes their major undoing. I had someone whom I talked to about cryptocurrencies and it took almost a year before they showed interest. When they did, they wanted me to hold the funds for them but I refused. While it's the modus operandi for most people bringing the knowledge of cryptos to others here to ask them to send them cash to invest for them, it's against my investment principle. I enlighten and open accounts for people which they will solely control. That way, you're sure no one controls it other than they by themselves. Newbies should be weary of those asking them to give them the cash to invest for them. Even when the cash is actually invested, they don't release the profit accurately to the investors.


Title: Re: Newbies, don't be naive
Post by: Accardo on November 29, 2021, 08:22:14 AM
The best knowledge is that which you garnered on your sweat. However, recalling that cryptocurrency is accessible through the internet. Where you can get a piece of free information for 50 bucks or more from another marketer that wants to make quick money like you. Almost all the selling methods are compiled from free information shared on forums.

These marketers know how to play with your fantasies with captions like earn 500 dollars in one week. You've heard it's possible to make much money or more in cryptocurrency but you don't care how. All matter is, you've found the super E-book that made the seller such amount weekly. Why is he selling the cow? He replies that he wants to give back to the community. Then you fall for the same scam as the others.

He just made $50 out of you (like OP said) with the same information which you could get free of charge if you had the patience to scout the web for every information you need.

Learn to ask questions, a lot of people here have the correct answers to any question related to cryptocurrency. Even before paying for any service. Ask a question here.


Title: Re: Newbies, don't be naive
Post by: KingsDen on November 29, 2021, 11:58:30 PM
Always speaking out to guide the vulnerable. He that has an ear should hear. There is a Chinese adage that says "No one(hunter) shows his fellow man the track that Leopard uses".
Many are victims already (including me)in one way or the other, some are still deaf and will hear and understand only when they become victims. But keep preaching, you might be saving a soul somewhere.


Title: Re: Newbies, don't be naive
Post by: worle1bm on November 30, 2021, 06:54:43 AM
Can we have trading courses from the random youtubers and other social media influencers in that list?

Because I always felt in that way, nobody can teach you how to make money in cryptocurrency trading with 100% rate but these influencers advertise themselves as the master of trading and look to sell their useless trading techniques for 100 dollars but if they are really have any such techniques then its worth trillion dollar in my opinion. ;)
You are right on the point that they only advertise themselves as expert who are just making video without any advance knowledge of what they are saying and most of the time they are busy promoting their channel and some ads.You cannot trust them for trading and some serious one which are good to watch like coin bureau who give some real trading experience but you must follow your own way and style and keep continuing the same if you like it and are making profits.


Title: Re: Newbies, don't be naive
Post by: Daniel91 on November 30, 2021, 08:01:21 AM
Thank you Ratimov on this topic, but unfortunately, I don't think it will be read by those for whom it is intended.
I think there will always be people who want to become financially free in an easier way, without effort and hard work, right now.
They may have heard that some big money can be made in the crypto and will look for the first opportunity to get involved in a project that promises big money.
I have been on the Internet for a very long time, I have participated in many projects and I have seen such things many times.
If they fail the first time, they will try again and again, and it will become a kind of addiction for them, a desperate need to make some big money overnight and without much effort and work.
Such people will not listen to your reasonable advice and will not ask themselves these questions:
If that person is so successful why does he need other investors and their money?
Why he actually wants to help other, completely unknown people?
Who exactly is that person, what are his references, contact information etc?
Is everything legal?
And many other questions.


Title: Re: Newbies, don't be naive
Post by: Daniel91 on November 30, 2021, 10:32:46 AM
Thank you Ratimov on this topic, but unfortunately, I don't think it will be read by those for whom it is intended.

This topic does not pursue the goal of saving absolutely everyone and everyone. More than one thread on the forum cannot cope with such a task. But above in the comments, the correct idea was expressed, if there is something to warn about, then it is better to do it and at least someone will get this idea unambiguously.

And with the approach that you describe, you can safely stop writing about all sorts of scams, about privacy, about security and other warnings, because there will still be those who will fall into these traps. But it's better to do at least something than not to do nothing. If my instruction from this topic will help at least 1 user out of hundreds of millions, then it is not written in vain.

Ok I don't think we understood each other the best.
I actually wanted to say that there is one group of people who want to believe in promises of quick and easy earnings and who don’t believe  warnings from you and others.
I don't think they can be helped.
There is another group of people who are unsure and looking for information and answers and they can be helped.
I was primarily referring to the first group of people but your post and the warnings of other users will help other group, who still want to be informed first before making any decision.
I apologize if I wasn’t clear enough in the previous post.


Title: Re: Newbies, don't be naive
Post by: Etranger on November 30, 2021, 07:37:12 PM
Thank you Ratimov on this topic, but unfortunately, I don't think it will be read by those for whom it is intended.

This topic does not pursue the goal of saving absolutely everyone and everyone. More than one thread on the forum cannot cope with such a task. But above in the comments, the correct idea was expressed, if there is something to warn about, then it is better to do it and at least someone will get this idea unambiguously.

And with the approach that you describe, you can safely stop writing about all sorts of scams, about privacy, about security and other warnings, because there will still be those who will fall into these traps. But it's better to do at least something than not to do nothing. If my instruction from this topic will help at least 1 user out of hundreds of millions, then it is not written in vain.

Ok I don't think we understood each other the best.
I actually wanted to say that there is one group of people who want to believe in promises of quick and easy earnings and who don’t believe  warnings from you and others.
I don't think they can be helped.
There is another group of people who are unsure and looking for information and answers and they can be helped.
I was primarily referring to the first group of people but your post and the warnings of other users will help other group, who still want to be informed first before making any decision.
I apologize if I wasn’t clear enough in the previous post.

Maybe, such preventions sometimes can help even the first group. After all, it is very easy to believe in the fairy tale that you can get all the money in the world at once, you just need to sign up for some course. But after the first failure it is no longer so easy to believe in such fables, and one may remember that he has already read or heard about scam projects somewhere, or become motivated to learn in such a painful way about such schemes. This is when the warnings reach their goal. It's just that for the second group that you are describing, they may be in advance, but for the first group, they will be a retrospective explanation of their mistake.


Title: Re: Newbies, don't be naive
Post by: yagamitaichi on December 01, 2021, 12:45:17 AM
It wonders me a lot how does a newbie invest in something he has no single knowledge about. Just in the name of making money.
There's this friend of mine that has invested in so many projects but she doesn't know how crypto works. What and what do you need to consider first before investing in any altcoin. I was asking her how does she manage to know about altcoin to invest in. She told me that a friend of hers do tell her the coin to invest in nothing more.
From our discussion, I get to find out she has no single knowledge about crypto. She's in to make quick profits.
At the end of it all, I started lecturing her everything concerning crypto. Volatility nature of the market, things to consider before investing. Cmc ratings etc I spend hours lecturing her


I am one of the naive newbies. I do not deny that I need a lot of money. But for investment promotion with profitable promises, I have to be selective in responding to this. Because it's about money. If we are wrong in investing, our money will not come back. For that, I prefer coin mining or participating in the airdrop, even though the results are small but it will not hurt because it is free with no frills for a deposit. Not people who do not want to be rich and have a lot of money. But earning a lot of money with shortcuts is also impossible and not even possible. The best way is to be more patient and grateful for what you have. If you really want to invest, make sure you look for information related to the investment in detail and make sure you have considered the risks that will occur.


Title: Re: Newbies, don't be naive
Post by: Darker45 on December 01, 2021, 02:21:36 AM
What makes naïve newbies especially susceptible to all kinds of fraud is not the fact that they have yet to understand Bitcoin more deeply but rather the fact that 99% of them are too eager to make money. This eagerness will bring them toward fake trading tutorials, fake trading signals, fake investment opportunities, scam guidance, and so on and so forth. So I guess cases of newbies being victimized due to their naivete would significantly decrease if they tone down their eagerness to earn.


Title: Re: Newbies, don't be naive
Post by: Etranger on December 01, 2021, 10:46:12 AM
What makes naïve newbies especially susceptible to all kinds of fraud is not the fact that they have yet to understand Bitcoin more deeply but rather the fact that 99% of them are too eager to make money. This eagerness will bring them toward fake trading tutorials, fake trading signals, fake investment opportunities, scam guidance, and so on and so forth. So I guess cases of newbies being victimized due to their naivete would significantly decrease if they tone down their eagerness to earn.

I don't quite agree that they need to tone down their eagerness to make money. As for me, this is what drives those who are looking for new ways of investment. The problem is not the thirst itself, but the fact that many people do not see anything except it, it blinds them. Accordingly, they skip the stage when such an aspiration should motivate them to learn how to achieve the desired result, and simply rush to the tasty "opportunities" without any analysis. However, such an eagerness to earn can be a great stimulus if directed in the right channel.


Title: Re: Newbies, don't be naive
Post by: BernyJB on December 03, 2021, 04:25:20 PM
The crypto industry is a young developing world. The world of fast millionaires and very fast bankruptcies. A world of promising investments and high risks. A world without proper regulation, with a lot of scams, deception and other vulnerabilities.

But a newbie, coming to this crypto wild west, thinks that there are a large number of experienced crypto comrades in this space who will guide the newbie in the right direction, create comfortable conditions for earning, suggest a suitable strategy for making money, teach how to make money, etc. Newbies enter the crypto world naive, thinking they are predators, but they are just prey. That's how many warnings have already been written about this, but still, naivety does not go anywhere. Yes, on this forum, probably more was said about security than about bitcoin itself.

Beginners, remember, no one will ever share with you real methods of earning. Of course, there may be exceptions to the rule, but these exceptions only confirm this very rule. If you meet on your way some assistant who wants to help you make money, then he wants to make money on you. Nobody is interested in your personal earnings.

Among such paid schemes, I would include:

  • Any training to make money on cryptocurrencies
  • Crypto trading training
  • Cryptocurrency trading signals
  • Ready-made strategies for investing or trading
  • Trust management of your funds
  • Multiplication of cryptocurrencies
  • VIP channels where they share the secrets of investing and trading
  • Selling the GOLDEN GRAIL in earnings on cryptocurrencies
  • Wonder bot that generates profit by itself
  • ETC.


Understand that no one will share with you REALLY WORKING methods of earning money, they just want to make money on you, or it is corny to cheat, extorting money from you and hiding, without giving anything in return. Do not try to be smarter than others and buy a ready-made solution that some kind person from the Internet will share with you. These are all naive notions. The only one who can help you in making money on cryptocurrencies is YOU.

Every day, on the Internet and the forum, I see stories about how some user wanted to buy a ready-made solution for making money on cryptocurrencies and was deceived. You are trying to buy a non-existent thing, looking at it through the prism of naivety. This is just what the scammer needs. He makes money on your naivety and thirst for quick profit.

If what he is trying to trade (be it a super strategy for making money or a miracle bot that generates profit itself) worked, then why would he need you then? Ask yourself this question every time someone offers you to buy or invest your money in such a super product.

Think with your head, rely only on yourself, do not buy ready-made super solutions for earning, and then you will save your money and will not fall for the tricks of scammers. Thanks.

Being a newbie myself (I haven't started yet, so you could say I'm not even that), I couldn't agree more.
I've been researching, reading everything I can come up with, followed 5 different Udemy courses on cryptocurrency investing and trading, and doing anything I can do to be as self reliant as I possibly can.
One thing I would add  is: don't stop at one source. Get a second opinion, and a third, etc. It's your money, you gotta take care of it.

A couple of months ago, a former coworker of mine introduced me to crypto. He showed me a $1156 balance, on a $60 investment he had made a month earlier. Almost a 2000% profit in a month. That definitely got me interested, so I started digging.
Ever since, he got a hard-on for copy-trading, and thanks to that he's now down to $500. And no matter how many times I tell him to stop that crap, he's still happy because, in his view, "he's still making money".  ::)
Keep in mind the minimum wage in Argentina is about $400, so he would've made a bigger profit if he got the crappiest available job out there.

Some people just won't listen, they think they know better than anybody. All you can do is watch them go down with their ego... 


Title: Re: Newbies, don't be naive
Post by: Cryptions on December 05, 2021, 05:35:20 PM
The best way to learn how to possibly make money with cryptos is to DYOR, learn & learn & test & try. That means failures, and hopefully also some success. However, so called mentors may be worth of millions - if you find one, and that's not going to happen  :o Successful people are busy, they don't have time to do mentoring or anything like that, they are busy managing their investments and finding new. If you are going to pay for how-tomake-money information, it's exactly as the OP says... waste of money. The information you might get might be correct, but you will find the same plus a lot of more, just learning by yourself. Reading this forum is pa perfect start!


Title: Re: Newbies, don't be naive
Post by: Etranger on December 06, 2021, 10:17:18 AM
Some people just won't listen, they think they know better than anybody. All you can do is watch them go down with their ego... 


Personaly, I think it has more to do with worries about finances, rather than with ego. Most people simply do not know how to calmly and rationally think about money issues. Many people do not have enough money, they desperately want it, so they rush to such fake opportunities with false hopes. They do not listen to balanced and critical arguments, not because they think they know best, but because such arguments destroy the myths in which they so want to believe. It is easier for them to live in rose-colored glasses, believing that they will someday be lucky and they will get rich, than to face a difficult reality in which they need to put in a lot of their own efforts to achieve something.


Title: Re: Newbies, don't be naive
Post by: lovesmayfamilis on December 06, 2021, 12:25:22 PM
It is easier for them to live in rose-colored glasses, believing that they will someday be lucky and they will get rich, than to face a difficult reality in which they need to put in a lot of their own efforts to achieve something.

Agree. All come with experience. Many are too confident in their actions until they stumble several times. Much depends on age. The older a person is, acquiring the life experience of victories and mistakes, it is easier for him to weigh all the pros and cons, think about the prospects of transactions, and all the losses that may be possible. The essence is always the same, if someone does not learn from the mistakes of others, life itself teaches him. Sometimes, even as an adult, people remain stupid, bumping into their old mistakes on a regular basis, instead of learning from other people's experiences.
The topic is great, but to come to it, it is important to stop believing in fairy tales about magic and miracles and Santa Claus.


Title: Re: Newbies, don't be naive
Post by: stompix on December 07, 2021, 12:54:06 PM
If what he is trying to trade (be it a super strategy for making money or a miracle bot that generates profit itself) worked, then why would he need you then? Ask yourself this question every time someone offers you to buy or invest your money in such a super product.

I've asked some of those "traders" countless times, if you're able to get 10%, 20% gains every day or in the least performing cases every week, why do you go around asking for $100-$300 when you could simply ask a friend for a small loan and you're going to make twice that money in a week without having to "offer" your service here and reveal your secrets!

I remember one guy bragging about returning the investment and 100% profit a month, he was offering his services because he got robbed of all his valuables and need to start again... :D

Some people just won't listen, they think they know better than anybody. All you can do is watch them go down with their ego...  
Personaly, I think it has more to do with worries about finances, rather than with ego.
~
They do not listen to balanced and critical arguments, not because they think they know best, but because such arguments destroy the myths in which they so want to believe. It is easier for them to live in rose-colored glasses, believing that they will someday be lucky and they will get rich, than to face a difficult reality in which they need to put in a lot of their own efforts to achieve something.

That's exactly ego, thinking that they know better than the other,s and is topped with greed as they've obviously rushed in the most profitable "on paper" offer without a second thought.
Somebody who is worried about his finances will never fall for tricks like we see around here because poeple who worry double-check things, even if they are in a pinch they will still do it, the ones with no money and desire to gain overnight a fortune are simply gambling, doing things like buying lottery tickets with all their spare money.

What makes naïve newbies especially susceptible to all kinds of fraud is not the fact that they have yet to understand Bitcoin more deeply but rather the fact that 99% of them are too eager to make money.

When 99% of the news are about the $ when 99% of the discussions are about how much you could have made if you would have bought at x,  98.99% are about how much you can make once BTC reaches 1 million, what kind of mentality do you think poeple rushing in would have?


Title: Re: Newbies, don't be naive
Post by: Etranger on December 08, 2021, 07:32:54 AM
I've asked some of those "traders" countless times, if you're able to get 10%, 20% gains every day or in the least performing cases every week, why do you go around asking for $100-$300 when you could simply ask a friend for a small loan and you're going to make twice that money in a week without having to "offer" your service here and reveal your secrets!

I remember one guy bragging about returning the investment and 100% profit a month, he was offering his services because he got robbed of all his valuables and need to start again... :D

The same situation is observed when I meet such "traders" of super strategies for making money. Their most common lines of behavior when asked: Why, if their grail provides a stable income, they need to look for those who will buy this wonderful strategy from them:

- they either completely ignore these questions
- either start to turn to insults
- either they try to devalue the position of the questioner with all sorts of unnecessary facts that do not relate to the very essence of the question, like boasting that he came to the crypto business much earlier, and therefore understands more.

Not one such "trader" with super strategies has never answered either me or others who are interested in this simple question.


- either assure they found the way on their own, but it is not necessary for everyone else to do this, since they can now become teachers and shorten the learning path for those who are just starting