Bitcoin Forum

I made this post below in a thread in my local board and I thought I should share it here and also give my two cent opinion to others.



This above is from my experience, all scams are always tied to selling of dreams, some people call it too good to be true ideas or dreams.

First way to avoid getting scammed is to be Skeptical about everything, and unsolicited private messages or DMs should be treated with Skepticism hence if otherwise any dreams sold to you by anyone should not be bought, don't hesitate to leave such conversations that have too much of promise of returns to you.

I hope this helps someone today.

I believe that the first way to avoid getting scammed is not being greedy and believing in something for nothing, secondly not seeking the easy way to achieving a great financial success.

It's better to ask yourself some vital questions or get clarifications on how someone promising you any goodies actually makes his own money from the business.  I've learned that for a business to be sustainable, an employer should make up to 5 times or more what he pays for labour or collaboration, so if there's no clear and practical way he gets his own revenue, then you're the revenue.

Well, you said nothing new, but it's all true. The only thing newbies should be blamed for when they get scammed is that they didn't get enough knowledge before getting involved in anything. I remember my initial days in this industry, it wasn't easy, of course, because there were too many scams around at that time, most popular ones used to be Bitcoin doublers and Cloud mining platforms, that would promise you very high returns for your investments, and people used to lose so much money into those things because they lacked knowledge, and they used to think Bitcoin is a get-rich-quick scheme.

It's been so many years, but even today, if you tell a newbie that there is a platform that allows you to mine Bitcoin online by buying a specific package, and you will get ROI within a month, they will start believing you, because they don't know anything about these things, and that is so wrong. When you get into something, you should start collecting knowledge about it, and make sure that you know each and everything about the industry you are in, so that you don't face problems and troubles for your involvement.

Newbies overlook this, but they don't realize how important it is to have knowledge. :)

You nailed it with those two statements. If you check very well, the majority of the people who fall into the victim or scam were because of their greed and the belief that there is free money out there. Once you are greedy and want free things, then you become the number one target for scammers. They will sell that idea and information that you so much hope and desire for to you, and you will end up buying and believing it without even giving it a second thought because that's exactly what the person was expecting.

I am actually trying to understand what you meant by dreams, is this a coin or token because talking about dreams being solid is like statement not complete. Perhaps I don't encourage anyone to look at whatever they are being sent on private messages because scammers are running their scamming activities though dm on forum and even any other social media platform we are using. There are people who are so such desperate to utilized every single opportunities they have offered them on pm or any place and those people can really sugarcoat words into people's heart because if they don't know what they are doing they easily gets lured to get scam.

I agree that not even presented opportunities are real especially where the description seems graphically to enticing because, it can be a to lure you. But in other way, when a too looking golden opportunity is served before you, I think being skeptic about it is a safe move but  is it right declining outer Ignorant because sometimes we also good looses good fortunes out of being ignorant without efforts of respect to verify if the opportunity may be legitimate or not before deciding.
I believe this is how most of us have been possible to enjoy the services and provisions of bitcoin after being skeptic about it in an onset while some are missing out while still believe bitcoin is a scam.

I thought that it's something really connected to dreams. But you're right that people shouldn't get bought when someone pitches about their dreams.

And to get that dream, all they have to do is to believe the pitcher and invest the money that they have worked for.

They know how to be connected to their victims and that's why they're using your dreams for you to be so emotional to the point that even they sell nothing but outright scams, you'll get carried away and will bite on the potential scam.

Too good to be true offers are everywhere but they all contains false promises and money in the thin air.

That's an old scam tactic, and there's nothing new about it, yet there are still a few victims reported nowadays.
Think about it, when a stranger offers free service just to help you earn a few bucks, as they say, but they never apply it themselves but instead, they aim to make a profit.

It's quite deep what OP meant, but as I understand, never trust people who offer help because they commonly lead you into a scam.  I even personally experienced this when someone PMed me asking if I wanted to have massive income through their exchange, all I had to do was deposit on the exchange and trust their promise to help, which was clearly a scam.

Just be doubtful. Treat like everything that happens that is too good to be true are not real at all but scams. And always DYOR, that is our weapon not to fall for any scams or traps from scammers. This may be an old strategy for us early investors but newbies could still easily fall for this, most especially that most of them invest for the sake of getting instant money or profits.

The only key here, do not easily trust a person that is offering you something that is unusual for you.

Yes you are right that is very common scam and main goal is to get our trust by promising easy money. Scammers pretend to be helpful but they really just want to take our money. They mostly pressure us to act fast and might even claim that other people have already gotten rich. Simple lesson is to be careful of strangers who offer to help with money as their supposed generosity is almost always trick to get us to give them our cash.

If it is a dream of getting rich, improving your finance and wealth with Bitcoin, also called as Bitcoin dream, why not?

I only agree with you that if it is a dream with altcoins, shitcoins, and scam meme tokens, avoid all of them will keep you and your fund safely. Bitcoin is the only safe cryptocurrency for spending your money and invest with high chance of getting richer over years.

If you are unsure about it, you can look at what the others have been doing, especially Bitcoin Spot ETFs and institutional investors, they choose Bitcoin and consider Bitcoin as a best investment asset in blockchain and cryptocurrency industry. Observe, learn from them, and follow their actions can help you investing like an institutional investor, like a pro.

I feel that it is not an old strategy, because basically it is the most important thing to use at any time to avoid the trap of fraud, and we also know that beginners can still fall into the trap, if they do not know the strategy you mentioned. I remember a saying that says "Don't put your money in something you don't know", and it has a fairly broad meaning and the essence of the saying is to stay alert to things that involve money, especially those that sell beautiful dreams, because usually those are scammers to lure potential victims. So, in essence we can conclude that knowledge of what we will do is important and fundamental, in order to achieve what we want, especially also to avoid fraud or scams.

Everyone must limit themselves from interacting with unfamiliar people, especially those who intend to offer help or certain benefits to us. We are in an environment where scammers roam, and we can follow anything to gather a lot of information. However, we must wisely limit our interactions with unknown individuals.
This is also quite vulnerable for those who have businesses to offer services. Choosing clients will be very important.

BELIEVE IN SOMETHING.

Before anyone can make a change they first have to dream, many peoples dream reamianed a dream till today because they don't work towards it, dream is the first step we need to take.

The advice you should have given up is people should stop believing in too good to be true dreams, greediness in human awakens once they are sold the impossible dreams, like getting rich in a day.

That you can be rich isn't a fake dream, if you dream it then it's possible but taking the right path is ths best. Don't be sold a dream that doesn't look genuine enough, that's how people get scammed.

it's good to be skeptical and it's really hard to trust in this space but you have to dream if you want to achieve things that nobody else is achieving
huge returns are possible in this space if you know where to look and have the courage to act on your vision

though developing a skil of knowing when somebody is trying to fool you or when something is a scam is a good thing to do, helps a lot in life for the most degen ones

This absolutely true, one has to be skeptical so they don't easily get scammed but the person should be skeptical in a wise way and not stupidly so that they don't miss out in opportunities. For example, some people were advised to buy Bitcoin years ago but they were skeptical because they thought it was a scam but they did not do any research on their own to find out if Bitcoin was worth investing on or not, therefore they missed out the opportunity then. Before I finally agree with anything I don't know about, I must make sure I read about that thing from different sources and also ask people around me if they have idea of it, if not, I will just let go of it.

Using the word "dream" in this thread really got me confused but I think I understand the message you are trying to pass across. Before anyone scams you there are two things involved, it's either you are naive or greedy. Scammers also target at people that are naive or the greedy ones because with all the scams stories everywhere in the internet still greed has blindly many people from seeing when a promise of high returns sounds too good to be true, I have been in the crypto space long enough to know when a scammer is talking to me and I'm obviously not the greedy type neither am I naive hence the reason why I'm not easily convinced to buy anything online that I'm not sure of, and if I see a strange message in my dm about buying something maybe a coin, I will do my research on it and if they sound too good and desperate I first of all allow them to display their stupidity in my dm before leaving the conversation. 

Most times, people fall into the hands of scam because they are too greedy and want more from little and most times it’s the newbies that fall more for these scams and I wouldn’t have to totally blame them for this.
I totally agree with op never to buy others dreams especially when it has to do with cryptocurrency because we might just end up messing things up even worst than we could ever imagine.
I think I’ve always said it previously that, everything online should be handled with extra caution especially when it has to do with money, don’t even trust anyone, please do all the findings and verifications you ought to and don’t even be in a hast to conclude without a thorough investigation and evidence.

As individuals who are new to the crypto world, they must be aware of where they stand. The dreams that come from the con artists are too beautiful to come true, they must quickly get out of these dreams so as not to get too caught up in the pleasures of fantasy which can lead to losses. Greed needs to be avoided in order to keep yourself on the right track, when a dream seller approaches you, the best thing you can do is ignore him. There's no such thing as a free lunch without sweating first, and in the crypto world, beginners need to equip themselves with knowledge and understanding of the risks involved, including how to escape the sweet dream traps designed by scammers.

The dream of getting rich quick can lead majority of newbies to fall for scammers. Especially, when they are lazy and want to reap from where they did not sow. Imagine a newbie who wants to make money from trading, because he feels that's so easy to make money from trading can fall to a scammer who will claim to be a trader. The scammer will ask them to deposit some funds into an exchange account and gradually collecting more money from them until, they will realize that's a scam when they ask for withdrawal. Don't believe anything to be true on the internet.

The dreams that are too good to be true are always a trap..

You see those catchy titles on YouTube or TikTok like “Invest $100 and make 200% daily” or “Invest $100 and get 10x in a few days” or “The coin that will change your life if you invest in it.” All of these are extremely attractive titles, and many people might believe they can double their money and investments this way... Many may buy these dreams hoping  to achieve wealth, only to fall into the trap of greed that leads them to a scam bot, a fake exchange platform, a phishing website, a pump and dump coin, or a Ponzi scheme.

Therefore, as the OP advised, and I see as important advice for beginners, they should stop chasing these unrealistic dreams and always seek the facts and do their own research.

It's easy to catch the fake methods when you understand that they will always use what is being hyped to get clicks and make money selling online tutorials and PDFs. When AI became big with chatgpt, many people started selling methods to earn $100 every day with agents, making tiktoks with just 1 hour daily, and all kind of methods that use chat gpt.

We also see many coins that do this, saying they will use AI to make trading bots that always win money or to sell GPUs to companies that train models. It's always fake and they just want some money on the ICO to pay the team and leave when the coin drops 90%.

Always, that saturated looking too good opportunity with the potential that it'd bring quick rich is what lures most people victim of scam and so it's executed on the greeds who strives to use a less amount to get rich in a quick time.
Their ignorants and greeds neutralizes their ability to verify before accepting that too looking good offers.
Sometimes they considers the capital to be too small to attract scammers without thinking that when a lot of them has been victimized, the scammers is at the end realizing a huge sum of money because those vulnerables think scammers will only be interested on big amount of money.
On the serious note, most of those vulnerables have to convince themselves out of their greeds of getting rich with less risks in a short time even before they gets on the scammers targets so, it becomes easy for the scammers to succeed them.

Marketing. That is basically what it is called when someone tries to sell you a dream or something which appears too good to be true. Creating a strategy to get people emotionally attached to buying a service/product/idea/whatever. Unfortunately, this is what marketers do. I should know, I use to work as one.

But there is a difference between trying to sell something with beautiful, alluring packaging and lying about what you are selling. The latter can be called a scam. A marketing expert would never lie about what they are selling because that would damage the businesses reputation. A scammer does not call about reputation as long as they can make money.

When it comes to cryptocurrency, when in doubt, treat any and every cryptocurrency that is being marketed to you as a scam. Then you will be on the safe side because 99% of the time it will be a scam/pump&dump/etc.

You are absolutely right. I suspect that all the methods they sold are likely not fast , guaranteed, effective, without capital or require no skills. What they sold might be nothing but illusions for people who,, in reality, won’t even be able to make a single dollar a day.

The same goes for cryptocurrencies that claim to offer advanced technology and provide real use cases for the currency might be just goals on paper and false promises from  the team that presented the project as a promising opportunity that will eventually reward investors .

Therefore we should never believe everything we see or everything someone recommends to us, because we might end up wasting our time and money chasing false hopes.

Scams are on the increase especially online, they will hype scam projects and many people will buy into them, some even partner with celebrities to use their names and influences to get investors that they will later scam. I see Ponzi schemes and fake investments all the time online, some scammers goes as far as radio stations to promote their scams so that people will think that something that is promoted on air will be genuine. People who are looking for easy money are mostly the victims of these online scams, I avoid any business that needs up lines for you to get to higher levels before getting paid. They are baits that look genuine but a lot of people will never get to where they will receive anything significant after investing their money.

No matter how we try to romance the reason why people easily get scammed, it all boils down to victims always being the ones to be greedy before the scammers can successfully scam them. If they are not greedy, they can easily resist scam attempts from scammers. Everyone here has also noted this same reason.

Today, if we go across all social media platforms and go to the comment sections, we will see scam-tempting offers from those offering fast profit and the rest of them. Anyone who is not greedy will just report such comments or pass and go, but the greedy, looking for quick money, will want to fall into such a trap.

The power of knowledge can be really underrated in most cases as this is still happening in current times and people are still getting scammed. The first Red flag of a scam is unsolicited messages like you mentioned OP, but greed for what is being offered blinds the eyes of victims and unguaranteed promises leave them vulnerable to this scams.

The idea that "nothing good comes easy" isn't just a saying but a true life experience that is being practiced everyday and the idea of that should always keep everyone at alert as to cases of scams that come with such strategy.

You are right that greed is big reason why people fall for scams as promise of quick money can make people ignore red flags. And it is important to remember that not all scams are based on greed. Scammers are clever and can also target other emotions like love and concern. They also exploit people hopes with fake job offers or their fears with threats. Scammers are very good at playing on range of emotions and greed is just one of many they use.

Red flags are easily to realize and there are enough educational resources, warnings as well as recommendations on how to detect and avoid scams. To illustrate, I would like to share this The cryptocurrency scambook. (https://chainsec.io/scams/)

This scambook, please understand it rightly, is written to share most common scam types in order to help people avoiding scams, not to help people scamming the others.

Yes, OP, you are saying exactly what I suggest to everyone: if something seems too good for you and you doubt it, you are not mistaken; you are being scammed. You don't need to have a high sensitivity of intuition here; everything comes with experience. Today, there is a lot of advertising and promises that offer the best conditions for investing, but in fact, the best will always go to scammers. I was just as naive when I learned about cryptocurrency, and every new "project" inspired me until my eyes were opened to the fact that all this is a scam and a rip-off of investors. We must understand that scammers follow technologies and immediately come up with different scams, while the minds of beginners are not yet warmed up enough with correct information. The best thing we should do for ourselves is to be aware and monitor everything that is published on the network, but separate the "wheat from the chaff" so as not to fall for the scammers' bait.

I won't agree less with you on this. If you dig deeper into reason why people fall victim to scam is majorly due to their zeal to make returns with little or stress at all. They are very eager to get money as quickly as possible without following proper channel not realising there's no shortcut to success. The funny thing about trying to get money out of no where is that you end up spending the little you have again instead of making more money. Anyone promising you easy way to make money through whatever means is just trying to survive through you. They will not try hard to convince you to come and make money if truly they're making it themselves but greed won't let greedy people to realise this.

Honestly, you can't even be a stranger and you're proposing something that involves money to me. I wouldn't even grant you audience. The only time I know I can discuss something regarding buying or even selling is when I know you too well, and even in such cases, I'll still feel sceptical because impersonation has also been normalised by scammers in our world today. Secondly, I can never put my money into something I've not carried an extensive amount of research on and confirmed the authenticity, and this should be the attitude of people, especially newbies to anything that requires them to put their money, regardless of how good or authentic the dream might seem to be. Consider everything to be a scam until you've confirmed beyond reasonable doubt that it's actually legit, and you'll be able to avoid being scammed and losing your money.

Well that's why it's not ideal to believe everything which is said by celebrities and influencers, thinking that they are influential people and they won't promote bad things, but guess what? That's not true because some celebrities and influencers might have pure souls, and think that they can't deceive their followers by promoting something shady to them, but others won't think twice if they are getting good money in return, because nowadays, money is the most important thing in the world for everyone.....

Besides that we shouldn't think that a certain product, be it a cryptocurrency or anything in general, is trustworthy and can be bought to used without any problems only because it has been promoted by a celebrity or an influencer we like or follow, because they are also human, honestly humans are always drawn to certain things and can make mistakes.

we all know the nature of humans when it comes to making money it have to be asap but it takes someone with discipline to set away greed and weigh every profit making matters before going into believing promises

this is the thing
getting rid of the hurry to get rich is probably the first thing to do if you really want to get rich
take it slow, focus on the present, work, save, learn

this is the way

You are very right mate, the hard truth is that everyone wants to become rich very quickly and that's the main reason why many people still become a victim to scammers. However if people stop believing anything good to be truthful stories in social media or any part of the Internet, them I will be sure that the rate at which people get scammed will probably reduce. But if people continue to believe anything they come across on the social media or the internet then they will keep on getting scammed.

This will actually help someone out there, sometimes scales starts off from what looked like an innocent and harmless unsolicited dms that was replied and got engaged in conversations probably which shouldn't have started in the first place actually.  In this world of too many technological advancements, you have to approach almost everthing with a good dose of skepticism so you don't have to always fall prey of this scammers.

Some may even come like help and like OP mentioned some like lofty dreams that could be a life time change for you and so you would want to key into it only to later it was an organised scam aimed at ripping unsuspecting individuals like you of their hard earned money or even your live time  savings so don't buy into every dream you see out ther as not all of them are aimed at your good.

The two things you have highlighted here are absolutely true because the stories behind people's destruction are mainly about greed and lust. Those who are greedier and want to own a lot of money quickly are the victims of fraud.

For this, if you can move forward without being greedy, maintain consistency, and do something slowly and understandably without expecting a lot of money in a short time, then something good will come from there.

Everyone gets greedy at some point but self control saves some people from some troubles. I have had my own experience with scammers, both on matters relating to crypto and matters not crypto related.  I had to struggle hard to suppress the greedy tendency in me, fortunately, self control saved me from that trouble.

Self control is not just an attribute only newbies should possess. Anyone can become a victim at any time. Whether one is selling a dream, introducing an investment or extending a hand of partnership, the sole aim of accepting to be part of it should not be driven by greed, even when the offer is coming from a known person. With the increase in scams, we cannot ignore the importance of due diligence check and proper research before acting on any information thrown to us.

Yes, this is very true, today's young generation is obsessed with the dream of getting rich quickly, and because of that, they easily fall into the hands of online scammers from which they can suffer huge losses. In fact, they want to get rich quickly and this mentality of getting rich easily is the main target of many scammers.

The current online world is very scary, those who have weak understanding will easily fall into the hands of scammers and face huge losses, the chances of being cheated in the online world are almost 99%, and you must understand this and stay away from it as much as possible. Remember that nothing is easy, whoever shows you the hope of getting rich quickly will definitely cheat you, so you must be careful.

That’s the most important there, take time to research so that you won’t fall in any dream that are just too good to be true. Because let’s face the reality, those who mostly fall on this scheme are those beginners, those who lack the knowledge and experience, and most of all, those who become greedy along the way.

Let’s not chase dreams without prior research and without learning from those early crypto adopters. Scammers are just waiting in the corner waiting for their victim, so we should be cautious at all times.

When you’re been promoted with so many good messages that are too good to be true, selling a dream that’s too good to be true to you, then you should seek for advice and not just jump into it like that. There are many ways that someone will tell you a story that is so convincing and not see any reason to disbelief in the story, but when you have a little doubt on it, even though not a doubt on it, asking questions to confirm the legitimacy of it is important for your own safety in the crypto space. Safety that will save you from losing your funds and also not making you to expose to dangerous attack and inflictions of your wallet.

The space is full of potential scammers and they curate their stories well to believe in them, always check and recheck before you take any action especially if you’re a newbie and not familiar with what is brought forth to you.

Human nature is not just built to be in a hurry; it's someone who wants to get rich quick that allows that mindset to set them in that direction. It should not always be that way. I know many have found themselves easy ways to access wealth without wasting much time, but what comes very easy most times can also go very easy without the person being able to give an account of how it came about.

It's just our mentality; what you want will determine how you will set your goals, and if greed in you doesn't allow you to plan well, the person might either learn the hard way by losing what they have to scammers first before getting their senses back, or they will forever still be following that path.

Newbies most likely targeted with the scammers because due to lack of knowledge theres a lot of attackers right there waiting for the right time that some newbies would like to seek an assistance and they grab this
opportunity to thing they will help them instead on the hand just to get their trust and finally make a plan to scam. I do recommend even not to newbies also to those who want to engage in crypto is always make a background check about the things they want into it.

For the sake of posterity, we will continue to tell others including those who are new to these investments to be cautious of this major trap of the mindset which promises people of getting free money through investments which sound too good to be true. Any investments that promises you heaven on earth is most probably fake and unhealthy for your considerations. In fact I've been dealing with one recently. Let me share with you guys.

Couple of weeks ago, I consulted a friend of mine whom I knew through a youth movement to come assist me in coordinating my brother's affairs who is a son to a very prominent figure in my country. Our first meeting which was the introductory meeting went well, then we had the second one couple of days after which came with its own shades. My friend, upon hearing my brother committing 10 million naira to 20 million naira to the project, was fascinated about the whole thing and immediately brought up a proposal to help my brother make 600 million naira in 6 months with just 50 million naira capital. In my head I'm like, is this some sort of ponzi scheme or what? Immediately my brother and myself were both disinterested in working with my friend and the rest is a story now.

Why did I bring this scenario? The reason is yu have to be extra careful with even your friends when it comes to issues that have to do with money. Because money is the root of all evils and any investment which sounds too good to be true is probably fake, no matter who's involved. Another problem is many newbies do not want to learn first. They just want to cash out immediately without following the due process, making it easy for scammers to get what they want from them. They capitalize on people's desperacy and greed to exploit them by using fake screenshots of profits made and testimonials to get to them.

My advice for you is, don't be in a rush. Learn the basics,understand the risks involved, verify the platforms through online/offline research and don't give your full trust to anyone managing your funds for you. Get yourself disciplined and avoid unnecessary desperation because it can lead to your destruction.

Greed and lack of understanding are what make people fall into the trap of scammers. When scammers come to this set of people with their sweet stories, at first they never understand that it is just a trap, and they never bother to do research to know how true this can be due to ignorance. All interest is in the offer and how to gain it; because of greed, one can't even afford to let the offer go. I think if people prioritize knowledge, the chances of getting scammed will reduce because knowledge gives direction and also provides one with an understanding of the implications of greed.

First of all, a person has to be aware. For example, do not be easily attracted to something. Whatever comes in front of him, he has to research about it first and then he can do whatever he wants. Because there are many people who are not aware. They trust someone very easily. As a result, after a while, he gets cheated very badly. So a person should always do something by researching.

There are many people who very easily become victims of hacking. For example, they very easily enter someone's invitation link, without doing any research, they enter that link and very easily become victims of hacking. So before doing anything, you have to research what you are doing. After that, you need to focus on that.

If every newbie can stick to learning cryptocurrency before intending to invest in any coin, we can generally minimize the risk of getting scammed by scammers, but I don’t think it is possible that way because most newbies coming into cryptocurrency are coming with the aim of making money as quick as possible, and that aim is the main reason they fall for scams because scammers will always give the good offers they can’t afford to miss out on.

Not replying or responding to unnecessary PMs in all social media, and avoid been greedy will really help, but when will our newbies stop all these? They can’t just stop until they get scammed and we can all testify it.

what you are saying is avoid coins that promise things that is too good to be true right?
best way to avoid getting scam is to study things or study what he is telling to you since that might scam at first since he is telling you , you can be a millionaire look at what happen to bitcoin, almost everyone don't believe on what can do to someone's life, but look at it now, you don't just buy it when you saw it, everyone has its goal, and target, so its our responsibility to check, study and if its not for us then let it go, also, invest only what you are willing to lose, also don't start conversation with someone who just send you a message that's a scam for sure.

Greed is already what we have deep within. The challenge is how we will control or manage it, or we just let ourselves carried away by it that’s why a lot of people have been easily scammed, most particularly those who seem innocent and lack of knowledge about the said investment.

Now scammers are everywhere, trying to create some traps that anyone who has high greed will surely fall. That’s why it pays to become knowledgeable and even wise on your decision making, so you won’t fall on any traps set by those scammers around.

Dreams are not bound to be bought, but it should be hard-earned. But if these dreams are just too good to be true, then it’s something one should avoid to prevent getting trapped set by those scammers. With this, it’s important to stay well-informed and gain the required knowledge because this will beat the purpose of those scammers trying to take advantage on us.

Being skeptical may be a good practice, but more than doubt and being uncertain, it’s best if you are fully aware on what will be your next plan or action that would put yourself at a greater advantage.

Indeed... there's no shortage of scams in the crypto world, and most of them always start with a very tempting offer of quick and guaranteed gains.

But I also think there's are still many good and legitimate oportunities, so I think its very important don't reject automatically everything, but rather to filter the information that comes to you, investigate the facts before deciding and if it seems legitimate, then bet an amount you're willing to lose.

And its not difficult to identify scams from something legitimate in most cases... I won't say it's a foolproof way, but you can always start by checking the source... anything that comes via DM from a stranger is already a red flag. Scammers also don't usually have a reputation or a consistent presence, so understanding the business model is key... if you can't identify where the money is coming from, it's probably because it's coming from you.

Opportunities exist, you need to know how to take advantage of them. You just need to be willing to research beforehand and not give in to time pressure when someone tells you you need to get in today before it runs out.

Good experience op. There are some things crypto users know that is impossible in this crypto space to get from stranger, but some newbies will go ahead to purchase those things hoping they want to make a quick funds than to end up in scam. What will bring you good result in cryptocurrency always take a long time before you will begin to see the good results coming out from the patient you apply, but some people don't want to follow difficulties season to learn some important things that will give them  idea, on how to achieve their dreams that will make them perfect in cryptocurrency investment. If you don't follow short cut to achieve your dreams in the crypto space, it will be difficult for you to remain were you are forever because there are many information that will be coming for newbies to know how to improve to achieve success, which is the most important thing that is motivating users not to buy dreams or fall victim to scammer.

People who get into the crypto ecosystem dreaming of getting rich overnight, unfortunately, usually end up losing all their money. If you’re not a patient person, your chances of making quick money in crypto are lower than your chances of winning at blackjack or roulette.

I assume what has been mentioned is those promises to earn huge profit then get passive income if they join on certain activities or even investment programs which has been offered by scammers.

Usually this people promise heaven and earth just to make those things what they offer be attractive to newbies. So if they don't want to get caught up by fake promises of wealth or earnings.

They better to consider became more vigilant on what they encounter since those things are just tricky act by frauds and their main intention is to scam them. So think realistically to now what is scam and what are good offers to take.

crazy that the best way to get rich quick is to give up completely the midset of getting rich quick and deciding to get rich slowly over time
while keeping exposure to assymetrical risk reward opportunities and building your own luck
these two simple things will probably yield better results than stressing too much in the short run

There is a saying that if you fly too close to the sun, your wings would burn which would lead to your downfall.

Our dreams are what makes use strive harder in reaching our goals. Without something to look forward to, we tend to be relaxed and unmotivated without any intention of pushing ourselves to the limit. When it comes to cryptocurrencies, everyone strives to earn huge amounts of money at the end. But if our dreams get clouded by false judgement and hasty decision making, then this would contribute to potential failure at the end.

In conclusion, everything has a process in which it would take time. Sure, there may be people who got rich overnight barely doing any effort on their part but also understand that once your luck comes, be sure to be prepared.

Unsolicited DMs on financial offers shouldn't be treated with "skepticism". They should be seen as scam attempts waiting to happen with your permission. I believe no one can scam anyone without their permission. Both parties have to give consent before scam happens – the scammer and the victim. Hacks can happen without a victim's consent but not scam. That's the way I see that. In most cases, it's greed that gets people vulnerable to scam, not even ignorance. So, in my books, it's a red flag whenever I get unsolicited financial DMs. Newbies should take this as an advice they've to arm themselves with.

DMs from strangers are quite dangerous.
DMs from strangers with financial and chance of getting rich offers are more dangerous.

You can receive such DMs on any platforms, forums, messenger applications as it is a common scam type.
The cryptocurrency scambook (https://chainsec.io/scams/) with many information about most popular scam types and how to avoid them.

In Bitcoin forum, unsolicited DMs are not allowed and if you received them, felt uncomfortable with them, thought them as scam DMs, you can report them to forum moderators. Scammers will be banned shortly after forum moderators receive your reports.

Those who are easily targeted by fraudsters are those without knowledge and a realistic mindset regarding any investment. They view investment as a promising avenue that will make them rich quickly, but the truth is, it's not as easy as imagined; crypto is fraught with risks. These fraudsters then seek profit by selling paid event tickets, selling dreams, and so on. The fraudster profits, and you lose.

So, in conclusion, to avoid fraud, you need to have a thorough knowledge of what you're investing in. If you're investing in crypto, you need to deepen your knowledge about it, and be skeptical of anyone offering you a dream, as no investment promises quick riches.
Fraudsters exist everywhere, not just in crypto. Fraudsters also exist in stocks and real estate. Fraudsters in stocks defraud people through falsified financial reports, diluted share counts, etc. In real estate, there are also fraudulent certificates, land mafias, etc. So in all investments, there are many fraudsters, that's why it's important to have knowledge and a realistic mindset so that we can avoid fraud.

That's a good measure to prevent fraud. Worse, following influencers promoting tokens isn't a private chat; it's the worst decision, especially if you don't reset your mind about what they're saying.

Influencers are more likely to be victims than those who invite you to a chat because we can't ignore them. However, with a public figure, you might be attracted because you see them as having a better life, which can lead you to the brink of loss. They might state their analysis with the phrase "DYOR" but still ask you to buy.

Yes, you are right. Spammers are always waiting for opportunities. They can use these opportunities to attack newbies because newbies fall into their traps and lose a lot of things. Spammers try to gain their trust first, and then they start attacking. When they start attacking, newbies can do nothing but stare and watch.

For this reason, we always try to help those new to the crypto world with various types of information. If they also become aware of themselves, then maybe they will not fall prey to such scams.

The dreams sold to you depend on what exactly is sold to you. If it is to buy Bitcoin, would you advise such a person not to buy into the idea of buying Bitcoin? I guess not.

One thing is for us to get the proper knowledge, and the other is exposure to what coin we want to buy in the crypto space.

If someone dm you on social media for buying a project, carrying out deep research on the project before investing is necessary. Avoiding such kinda of projects that are being dm to, is advisable because most of the coins are scams

This is exactly what the discussion is all about, not trusting anything told to you with fabrication and doing your own research before doing anything, so I don't understand why you said:


Buying Bitcoin, or someone suggesting you buy Bitcoin, doesn't count as a dream, especially like the ones where you are told that if you make an investment in a specific project or website, you will get x returns after x days, which is a fixed rate and an obviously fabricated lie/scam. When it comes to Bitcoin, the returns can't be fixed, and someone else won't get any benefit if you buy Bitcoin when they tell you unless they are after referral earnings. That being said, one should make sure that they are using the right platform or way to buy Bitcoin or any other asset and never go with exchanges or platforms suggested by strangers.

One easily get scammed because of over ambition and too much quest for money which is caused by greed seeing a mouth watering offer make them feels it is very easy to arrive at what you know can take you years to achieve,will be achieved within a twinkle of an eye, therefore in other for you not to be a victim, avoid mouth watering offers , ask questions before embacking on such offer, see result from someone that you know are not part of them , don't rush, take your time to study whatever that is brought to you before accepting to transact such business, avoid being pressured into accepting, those are signs of scamming.

Always work with your ideas and not people's ideas in other to remain focus and successful in life, and be careful with people around you and the type of friend you keep since no one is to be trusted, they might be an agent to those fraudsters.

Even as we agree to be very careful or sceptical about opportunities and people online, one of our majoy problem is these scammers. Yea! They have so rebranded and have grown in wisdom to deceive. It is just too surprising how far a scammer can go to gather facts, cook up stories and arrange all necessary documents, offices and personnels with which he will use to scam you. Sometimes, victims really get careful and try all means to avoid any scam, but at the end, when it promises to be confirmed and true, they still end up crying. Too bad.

But the bottom line still remains, if they can do all that to deceive you to fall victims for them, we too can also go extra miles in making proper fundings, asking questions and ensuring its viability and workability before ourselves financially. How true is the success story? How workable is it? Look at its future in the next ten years ahead, is it still sustainable? All these and many more should firm your mindset. Also check, how desperate is this client or preacher in bringing me in, does he really need me to stay alive or he is just helping me out, and my decision totally depends on my wish? Watch closely, his reactions will reveal his mindset.

I have been scammed before, and I know how it feels.  Any story that sounds too sweet and real may be misleading at the end. The truth be told. You cannot make it anywhere without doing work. So does this opportunity preach hard work and get paid or invest, relax and get pain? Knowledge is needed, make research, proper research before involving. The ball is in your court

The major concern in this matter is the solution but it’s obvious that there’s none except to just STAY AWAY or ignore such messages when you see or hear it. This doesn’t affect only newbies, it might shock you to know some oldies still fall victim of such scams, the level of greed in humans atimes is absolutely alarming. I had a friend who’s been in this space even before me, he got scammed he knew it was scam but he thought he could outsmart the scammer but in the end he failed woefully, so the best thing is to JUST stay away or be Sceptical about almost everything and do proper research until you’re sure before getting into any project.

But if you control your greed and you can get the things earned by the hardships of others for free, then of course such incidents or fraud can happen, it is natural. Because getting free things is never always desired, so how do you expect to get your hard-earned money back, you should have suspected it before.
But look at everything with suspicion, but keep it hidden within yourself, then you will not be a victim of fraud, because do not trust everyone in the world, many are sitting in the net of fraud because anyone will be greedy and if many people come here with the desire of this greed, they will definitely be a victim of fraud. You should be careful and be deprived of getting free things.

As a responsible investor, you should know already the difference between dream and reality. If you see it like a dream, make sure to study and evaluate that thing prior to making decision to invest, and as long as you’ve seen it as too good to be true, then leave it, that will turn a scam later on.

Just know that real gems are not being offered, they are discovered and explored. You chase for it, and not that those fake dreams will chase over you.

this saying comes from the old Greek myth of Icarus (https://en.wikipedia.org/wiki/Icarus)
quite interesting, I really recommend people to read mythology

you are correct to consider that taking too much risk can burn a person too much, sometimes in a way that is irreversible

of course people want financial freedom and to be free from the rat race, but it's probably better to achieve it with planning and no hurry than rushing and having the chance of ruining yourself

The main issue isn't avoiding dream sellers, but rather, we must continue learning to broaden our knowledge of crypto. This way, whatever you receive in DMs or on social media, you shouldn't immediately believe it. With your knowledge, you can research it yourself and find reliable information.

Because selling dreams isn't always a scam. For example, when we invest in Bitcoin for the long term, we are indirectly dreaming that our investment will become a reality in the future, leading to financial freedom. No one can predict Bitcoin's price with certainty; we can only speculate based on history and track records. So, selling dreams is sometimes necessary to motivate us, but we must continue learning to broaden our knowledge of crypto so that when a fraudster sells our dreams, we don't fall victim to fraud.

Times without number, there have been warnings made to help newbies stay safe from these scammers online. One thing is for sure, there would always be that one newbie who would still fall for their lies, probably out of greed or just being careless..
You can't be too careful as well, even an experienced crypto investor can still be tricked with various formats. You just have to play smart and avoid anything that looks too good to be true. Dont be fooled by fake prove online on social medias or reviews on sites those can be manipulated as well ..

Not all dreams are too good to be true, but it takes proper research and understanding first before you reach for that dream. That way, you will find it easier to acquire that dream without putting yourself at the risk of getting fraud.

It’s a normal thing to have some dreams in crypto, like storing sufficient amount of bitcoin and make you highly profitable in the long run, but always manage the risk that comes along while you are reaching for that dream and make it realized.

There are different strategies of scamming, but the main, easy way many people get scammed is through greed. People don’t think deeply; once they see a big offer, they are always ready to go with it and do whatever those offering the deal ask them to do. If someone is not greedy, it will be hard for scammers to convince them and get them scammed.

What should always come to someone’s mind when they find a message offering a big return is: why should it be you they are trying to convince to take the offer? Where is the real money coming from? Nobody will beg you for that; someone has to work hard to get there. So, we should understand that there’s nothing like free money online.the last question you may ask yourself is: where are these people getting the money from when they are offering you a big return?

When something sound too good to be true please avoid it I have seen people that have been scammed by things like that a friend of mine was asked to invest $100 and get $600 in one week time and he decided to invest and that was how he got scammed so please avoid any thing that is too good to be true especially when it concerns investment or money.
There's already a thread concerning getting PM here in the forum when someone message you concerning investment here in this forum and the Investment is too good to be true all you need to do is to report the message to the moderator in this forum.
Don't listen to any message from anyone in this forum some people in this forum are here just to scam others so be very careful with how you interact with people in this room especially when it is a private chat, any investments that they cannot bring out to the general public in this forum is not to be trusted, so be guided and don't allow anyone deceive you and don't be too greedy also because if you are too greedy you may fall for their scam.

Sure, your advice is helpful we keep saying this countless time but it surprises me when I see people falling for this type of scam when they already know about this, I think the reason why most people still fall for this type of scam is due to greed. Some people always like to try whatever thing they see in the internet so Long as it has to do with crypto currency, more especially beginners. Most beginners whenever they see something like this, they don't hesitate to make atempt even when they're being told yet they won't listen until they see the outcome.

Responding to the post title.

If I trust the seller and I have done my own research about that dream and arrived at a conclusion that the dream can actually be achieved with a clear framework, I will not hesitate to follow it up and do the neccessary. How do you think partnerships are built?

Now relating it to the crypto space. I will not advice anyone to to listen to any stranger or anonymous person when it comes to crypto investments. There are some obvious red flags one would see and know that whatever the dream, plan or investment might be, it will never be realistic.

You can think of offers that are so good to be true
Offers that want you to send in private information urgently
Offers that wants to have access to your wallet
Offers that wants you to make payments to unlock the dream
And offers from Total strangers you can't trust.

With or without research, some obvious red flags are just there and your saving grace should be to ignore.

Scammers follow different methods to attack people who can give them good return. Those who have greed of becoming rich overnight are easy victims of scammers because scammers show you different methods of how to become rich in short duration and that too without doing much effort.  

In real life, "there is no such thing as a free lunch". One has to struggle hard to get his meal. The wealthy people of today like Bill Gates and Elon Musk are rich because they work hard to chase their dreams. Even Bitcoin can't make you rich easily, we have to invest by following a strategy with patience.

what you said is true, the best way to avoid being scammed is knowing the sign of scammers. how to minimize the risk of getting involved is to avoid greediness because scammers capitalizes on greedy people, when something is too good to be truth people need to be very careful, because there must certainly be something wrong except that such person does no understand the sign language. most times i see how people drop offers online to invest $100 and get $150 in 45  minutes but many people will be ignorant of the fact that such offer are too good to be true without considering where such profit can be made with such time frame, and they will still go ahead an put their money and cry later.

When I first learned about crypto, I believed that any form of advertising in any media was a big risk of losing money. So I am grateful that to this day I have never been deceived by the dreams that were offered. I will trust myself to manage my money and not others. That is my principle that makes me feel secure today.
Looking at the actual situation on the ground, I find it quite unreasonable. Many people are deceived because their logic is often clouded by the greed for unrealistic profits. Whatever the form, never accept it when sound logic has already given a warning signal. This includes the big dreams being sold. IMO

This reminded me to be cautious of scams, though I expected something different, judging by the title.

If it were a dream in the form of a shared idea that I can utilise on my own without the involvement of any party or sending my money to anyone, I will surely take it. But if it takes the clicking of links, or any programs/schemes that are too good to be true, or sending people my money or details whatsoever, I will decline. Scam is becoming rampant and sophisticated these days, we should continue to remind each other of this evil.

That is very good and smart way to invest especially in fast  crypto market. Your rule of trusting yourself to manage your own money instead of influenced by big promises or ads is strong way to manage risk. You are completely right that greed can mostly make people ignore good thinking and learning to see and stop that feeling is most important skill investor can have. Paying attention to those inner warning signals is key first step to not getting tricked and it is helpful habit to have for any money decision not just with crypto.

it is not even about not buying into anything that looks too good to be true but rather, it is about doing proper research on anything before eventually investing in them. be it something that soesnt look too good to be true or something that looks too good to be true, still do your own research to be on a safer side. at least, the forum stands as a good option when it comes to making enquiries on what one should or should not invest in, and some, you can always fact check any project that you are about investing in on the forum and then you can be better positioned to make the right investment decision.

one thing is that most of the tokens that you see people sending to your DM are just scam project or else, they will want to run legit promotion on such project. even on the bounty section of the forum, there are project that does not do too well, how much more the regular one that a random person just sends to your inbox.

What matter the most here is we should not click any links around then try to be curious on what those scammers offering to us.

Since usually this is how bad actor catch  their potential victims that's why we should have due diligence to look at those shady things and better not to think about investing on shady programs.

Newbie should remember this if its good to be true provably its not true. For sure there's lots of advices like this they could read here so they better listen or make it a guide so they won't fall from huge online scams.

Never trust people who send like that, invite you to buy Altcoins that are even just a dump coin, or they just want you to be their Liquidity Exit.

Even though your close friends don't believe it easily, I am one of those who experienced such a thing,
buying garbage coins that my friend promoted on telegram, but in the end it just became a garbage coin that made me lose.

Now that they are learning not to trust anyone promoting their memecoins,
it is better to focus on investing in top coins like Bitcoin, ETH and some other top coins that have a clearer future.

Mostly projects that depend on referrals without a well  established and active community.  Some of them even operate like pyramid schemes where value only grow by bringing in new people and once the growth slows the entire system just collapse.

There are still lots of similar projects that has no clear explanation to what the really do as a token, the problem they are trying to solve or how the add value, what maybe their subscribers might boast of is the the token the earn through refering others.

that's why you should learn to DYOR instead of realying on other people telling you to do x or y or z
it's much easier to follow someone but the key to a good life is taking responsibility for everything
this is one of the most important things to do

When it’s built on referrers and these referred persons in some way benefits whomever is at the top, then you just know that’s a pyramid scheme and it’s bound to break some day. You always get to think of what happens when those referrers stop and the benefit becomes too big for the project to handle, then you would find it breaking under the systems it did create. It’s usually the fate of every pyramidal scheme and it always needs time to make it happen.

If it's about buying cryptocurreny then it's better if you buy in an exchange rather than from other person like p2p. Even in person like your friend could also get you in trouble especially if the bitcoin sold is  stolen. For buying new projects is a risky investment since the project isn't 100% successful in the future. If anyone aren't aware many new projects are failing and only very few are successful after their launching of their projects.

In the beginning, you can learn from friends you trust. Then you can decide for yourself. Actually, there's nothing wrong with that; all beginners should do that. They should actively seek out as much information as possible. Once they feel capable, they should go out and try what they believe will be better. But remember, you must be prepared for any losses. That's fine whether you're following trading instructions or standing on your own two feet.

That is very true and doesn't impact crypto but everywhere else in life too. In fact, I have experienced it myself.
I was on a vacation once where some person on a road side offered me a ticket to scratch and win a lottery.
I accepted it and scratched and won a free hotel stay but on one condition that I will have to attend a workshop.
So I went ahead and attended the workshop where the person was trying to sell a vacation package to me.

He initially offered the package to me for around $1700 but I denied saying I don't have that much money.
Then he said he can give it to me on a discount for $1500 but I didn't accept that too.
He said I can book the package for $600 and then pay the remaining later.

So the offer was good but I was a little hesitant about it and so I said that I will come back later.
He then went ahead and offered me a final price of $200 for booking the package but I started to leave as I felt something was fishy.
The offer sounded too good to be true and just as when I was leaving they offered me to book the deal for $60 but I left the place.

If he already hard that thread on their local board, what is the need to create this thread that basically add nothing other than just quote the old thread which is also not even worth it, the best way new members can pass a message is to be comfortable with doing the basic instead trying to get the general attention for whatever reasons.

Ops scam can happen even when a dream is never sold to you, but yes being carful is what matters most.

Being responsible for all choices must of course be accompanied by good knowledge,
seeing how the risks are and not trusting anyone when someone offers to buy crypto and the like.

I started to learn from the many losses and mistakes I made, so it became an important capital for me to avoid the same mistakes.
It is not easy, but trying to keep moving forward and stay vigilant with what you choose will be the main warning,
seeing how much risk it is and not prioritizing ego and greed.

It is one of the trending scam at the moment in our country.

Hotel stay packages, and thank god you managed to get out of this but many fell for this even they are well educated. This is nothing but a complete scam they just collect list of users in multiple ways like get the list of people who made big purchase in the recent days or just trap some randomly and give them 1 or 2 day hotel stay coupon which itself can be used or not but they will ask us to collect the coupon on a particular day and mostly as a couple because they convince women easily by saying attractive terms like you can save 70% money while enjoying hotel stays fr free for a year.

But the intention is clear, they are desperate to make money and leave you to hang dry once they got something from you.

One of the basic statement/sentences used by this cryptocurrency dream sellers or scammers is "This is another bitcoin, if you missed bitcoin around $1 you can buy this new type of bitcoin at $0.00001 it will give you better profit" because it's higher than bitcoin when bitcoin started" bitcoin started at $1 this new bitcoin will sell for as low as $0.0001" ) etc 

Yes indeed, in fact they were even willing to sign an agreement and even told me to sign the papers.
But I said I will read it first and come back tomorrow and only then sign it but they were not agreeing to that.
At one point I was convinced and willing to pay but something in me stopped me from paying them.

So I thought of an idea and gave them my alternate credit card in which I have deliberately set a low amount limit.
Then I went ahead to make the payment so that it can decline the payment.
I was a little late in catching the red flags but right on time to exit from the scam.

just remember to learn from friends that you are sure that are succesful and not the ones you THINK that they made it
be sure
you have to learn to recognize who's really into it and the ones who are just larping.

It's actually a complete statement if you put some reasoning into it, dreams are being sold regularly in the industry in the sense that you get ads telling you to buy the next Bitcoin or any other coin or trend that they're trying to shill to you. People are being convinced into believing that they can be the next lucky person that bought a coin and it 10x or a 100x in the shortest timeframe possible. Alot of pump and dump scams are being shilled to people and if you aren't informed, you'll think you're investing into something reasonable and I believe that's what the OP is advising against. Instead of those investments, newbies are better off buying Bitcoin to hodl and not even trading or trying out some other ponzi scheme bullshit.

Okay.. thank you for the shielded light you just put into here, and secondly you are right about newbies finding a better place to make investment than jumping to trade on coins that has no better future after having to accumulate lot of them.
Trading can be addictive irrespective of whom they are or how much they have while trading. Also, it's that important as well to always remain calm and fear not, it would only take a little process whenever they are fully back it would help to make judicious use of it

You're right, they used to talk about " the next Bitcoin," and that has been a common style of theirs, promoting the project that they have made. While they are using the situation to make those people feel bad who have never bought Bitcoin when it was cheap, this gives them the advantage to make them sorry and they shouldn't miss the opportunity that's already in them. But no actual opportunity is there and that's why never buy to those sweet words done by them. Because there is only 1 Bitcoin and there will never be another one coming.

Exactly what I was talking about and now we are not seeing those kind of post or adverts because we did not see altcoins season this year, if we saw it then we must see those kind of posting plenty.

They will come again for sure, if they are not been there around this time. It's possible that soon they'll be there again. I've seen plenty of them and tired of seeing what they have been publishing over and over again. But at last, they've got tired although I know that they'll be back again sometime when the altcoin season have become visible again. They never stop, they might just got delayed and tired but that kind of advertising never gets old.

But come to think of it, what will newbies be doing with going into trading of coins that doesn't have long-term, infact should newbies even think of any other coin aside Bitcoin, as a newbie I think the best way to into this space is by concentrating on Bitcoin investment at first, trading shouldn't come to pay at first because such will take the time such newbie would've use to start accumulating Bitcoin to start learning trading as such it may even hinder such newbie from investing in the major investment, some traders don't actually like keeping their Bitcoin because they see accumulation as waste of time, they feel that it is better to use the amount available to keep chasing more money in trading instead of accumulating and hodling Bitcoin for the future. Since you've already said that trading can be addictive I think newbies should take note of that to avoid messing around.

trading profitably may take years, even if you heat a lucky streak at the beggining it's not about that it is about developing the expertise to be able to make money and keep your money over time
this is much easier said than done
that's why just a minor part of traders are profitable in the long run

Yes this depends on the individual trader who solely develops interest in trading and like I know a dedicated trader may not take years to start making profits rather few months or just within a period of a year to start making profits. Although most times newbies can actually hold their coins while they keep their learning process going and there could be chances that before they finished their learning process they would also end up making some decent profits from their investments or holdings.

About how a dream is sold to others that is done by some developers, especially memecoin developers,
There are many who do this kind of practice that makes the increase in memecoins very big but in the end it is only an Exit Liquidity place for developers and their teams.

It's not just about the story, but I experienced it myself with some memecoins that I held back at the time and at first it looked fine with a pretty high boost.
Dev always built a narrative that the memecoin would grow bigger all the time and reach an unthinkable ATH,
but in the months that went on that dream only became a nightmare when the Decline really stressed everyone out and started leaving it with a lot of losses.

Never believe in any dream offered by others, whoever it is, If you have made a profit then sell and take that profit,
Don't think twice because crypto will not compensate you for anything.

yes that's correct
I heard some take 3 years, maybe some take even more
it's a really hard thing to do
of course the thing is to do it with a small % of your total wealth only and develop systems and track it quite closely otherwise you probably won't make it
some books help a lot too

Especially in the world of memecoins, it’s a home of dreams that are sold to people who do not have firsthand experiences about how manipulative it can become and crash in days or minutes, I was very very much into memecoins because I was sold a lot of dreams that I could become millionaire over few attempts just because i saw guys scream on medias how much they made, the only thing which saved me the cost of it was the mere fact that an elder or senior who has been around before memecoins gave me an eye opener lesson hence I didn’t process with losing my money to memecoins. Even the adverts about memecoins screams dreams and nightmares in the end.

Anyone who wants to buy bitcoin can either go through the exchange or they can pass through other routes, whicheverwill become easier for them. If you are talking about stolen bitcoin, we should avoid linking our real identity to it, as if it's being tracked, you, the buyer, will also get to be affected by that too. For security reasons, I just prefer to either pass KYC and buy and sell directly myself using my own data, and I know the source of fund.

You have said it all, the first way to avoid getting scammed is not being greedy; greed is one of the reasons why some people get scammed; when you are contented with what you have, it will be difficult for you to get scammed; some people lose their sense when they hear about how to earn a quick profit in a day, and that is the method that scammers always use to scam people. Some individuals rush into platforms without asking questions, believing they can earn a profit quickly. However, there is no quick way to make money, and those who lack patience are more likely to be scammed.

To avoid scams, basically people need to be neutral, not greedy, be careful and I am sure that if people can do this, they can control their actions so well and easily avoid "too good to be true" scam offers.

People who are too greedy, too careless, and ignore many scam signals that are so easy to detect, will be scammed by scammers even scam traps have no complexity at all.

The crytocurrency scambook. (https://chainsec.io/scams/)
Collection of comprehensive guides on identify and avoid scam projects (https://bitcointalk.org/index.php?topic=5125435.0)

Sometimes, being ignorant helps.
Sometimes, knowing how to ignore stranger helps.
Sometimes, not entertaining some random people helps.
Sometimes, thinking the phrase "If it's too good to be true, then is isn't true" helps.

Know the red flags of a scam/project. I've already received multiple DMs on Telegram regarding an opportunity which can give me lots of money in the long run, but I just ignore it because I know that it isn't realistic. Being skeptical about everything is also good, and with that kind of mindset, you will be forced to just invest on some old coins out there such as Bitcoin, Ethereum, and other top coins as well. If you want to be rich, go find those opportunities. Opportunities will not reach to you randomly. You need to find them, and maximize it.

Always take note that legit developers of a project/exchange/whatever it is will not approach you out of nowhere. You're the one that will approach them. :)

Disappointed?

Often time many people are disappointed, angry, and frustrated after joining the space. They bought a dream sold to them it wasn’t theirs in the first place. This had made many people angry, frustrated and even worse more blamed themselves for joining the space in the first place.

What dream have you bought yourself or someone else’s? People who bought other people dream might end up leaving the business living in eternal regrets.

Before you join any business, do your research; ensure you have and adequate knowledge that will keep you going on tough times.

Remember if it get tough, the tough get going this might not be so when you bought someone else dreams!

Don’t be deceived by fancy fantasies!

There is an economist from Belarus (quite smart, he gives a lot of serious analytical commentary in various media) who still considers Bitcoin to be the kind of dream that someone is trying to sell. He says that perhaps there is some technology behind Bitcoin, but he won't even study it, because what he notices first of all is that from Bitcoin holders you always hear: "Buy Bitcoin". When this trail of money-squeezing stops following Bitcoin, then it will be possible to take a closer look at it.

Engaging a scammer is one very risky way of putting yourself out there to be scammed but this is unknown to many, they think they can be top smart and so when they get a dm from an unknown person which should be a suspected scammer, they try to engage this person with the taught that they cannot fall for whatever it is this person will be saying only to be tempted to make an attempt and end up been scammed.

If St any point you suspect anyone you are Engaging in a conversation with to be a scammer, first step to protecting yourself I'd disengaging from such conversation so as to avoid giving room for any conviction whatsoever that will lead to you wanting to give it a trial. These scammers are mostly good with conversation so they always know what to say to you so they sound convincing enough.

These are the major steps to take if you want to grow in the crypto space, entertaining every crypto projects even if doing proper research will definitely not end well, this makes investors not to be settled for bigger coins but chase cheaper coins here and there and not relaxing and making final decisions on it's own.

Until investors reach this stage and decide to stay calm and centered while choosing the right coins even if it's a slow progress, that's pretty a good advise.

I am struggling to understand your definition of dream and how it is sold to someone. Should I take dream to mean testimonies?
I know that what people normally share is testimonies of how they became so rich through bitcoin and most of such testimonies come from scammers or people who really have not experienced bitcoin before.
As you said above, it is wise to threat every testimony or story with skepticism and it is only when you are in disbelief that you can ask some logical questions. Immediately you are overwhelmed by their fake testimonies, you become defenseless and probably a victim of their scam.

Dreams sold to you are likely not to produce anything Good because, it's not your dream and you don't know how it will work, what to be achieved and how to go about it, instead of buying peoples dream, why not build, develope and make your dreams grow yourself.
Most dreams bought from people tends not to profitable but ends up being a scam at the end of the day, real opportunity and golden dreams can't be sold out by any reliable person.

Just be mindful and always stick to bitcoin. Don’t chase what others are chasing, they actually don’t know what they’re doing about. Stay away with the hypes, hypes are just made to attract and deceive people. Just focus on bitcoin, no matter how slow its progress may be but rest assured you are going on a positive goal and outcome.

And in addition to what you just said above, having a concrete knowledge about whatever field you want to venture into is another way of avoiding being a victim of buying into fake dreams, such as when you see people claiming to offer "sure betting odds" and "Sure investments" whereby if you invest a certain amount of money, you stand a chance of getting either 2x or 3x of invested capital within a certain period of time.

Bitcoin is not slow in giving you good profit. In September last year price of Bitcoin was around 55k$ and in almost a year it's value is doubled. We need need to buy Bitcoin and then patiently wait for it's price to go up. People usually buy Shit coins with mindset that they are very cheap in value and will go up in price like Bitcoin i.e. less investment more profit. But that never happens, with few exceptions almost all shit coins have given loss to investors. Never go for shit coins, only buy Bitcoin 

Considering all of this things you said here yet people can't stop making this mistake, simply because they think that they can accidentally touch the right one that will get hype just as it has been happening to some other shitcoins out there that later get dumped after hype must have taken place. I just realized that most people failed to understand that whatever business/ Investment that will bring 100x profit within a short period means that the risk that is applied in that business/ Investment is equivalent to that 100x profit you're getting if not more than the profit, while Long term investment helps to minimize risk and also bring more bigger profit than short term investment as you will allow it to compound or get matured Before attempting to sell.

I love this your advice is a very good one and I believe it will help a lot of people even me, the reason why a lot of people get scammed is because they buy the dreams that they sold to them, whenever you are giving or told about a particular crypto venture or idea you should be very careful so as not to get scammed.
A lot of newbies have face scam issue especially because they don't have this knowledge, there was a thread I saw that someone talked about someone PM him or her in this forum and trying to introduce an investment to him or her.
As a newbie when you see some message that tells you that there is an opportunity to upgrade your source of income to a very huge amount just know that you need to be very careful especially when it involves online investment if possible don't even reply there message so you won't be tempted to go and invest because the more you listen to them the more tempted they will become to invest because they usually have sweet way of saying things and making them look real.

Often, beginners are easily swayed by dreams offered by scammers, promising greater profits with little capital. While the crypto world isn't that easy, it's certainly not wrong to dream, but we must also be realistic. If something seems out of place, such as a certain amount of capital, you can become rich in a few days or months, this is certainly a scam, and victims of such dreams often fall prey to those who are still beginners and are greedy.

I mean, not all dreams are bad. We invest in Bitcoin because we dream of creating financial freedom in the future. It's just that this dream makes sense because Bitcoin is an asset with fundamentals and a limited supply. Achieving this dream also requires patience and perseverance to hold it for the long term.

The moment that you have started buying bitcoin, you have given financial freedom to yourself, it's not compulsory that it must ne in the future because you can use your bitcoin to make payment across borders without an interim or excess charge from anyone currently. Just your transaction fee will do it for as low as $0.16 for high priority as I am typing this message. Bitcoin is a store of value overtime and a hedge against inflation which is the main reason why one should adopt it and forget about short-term profits.

As long as it's too good to be true, then you should pass or ignore it. There's nothing free in this world, if you knew the process then it'll become more obvious that's not legit and that's why it's really important to have a general knowledge about crypto because if you knew how things work, you'll knew it's not really easy, those offers are just noise in this space. Let's not forget that there will be always people that really wants to take advantage of us and that's the reason some people are having a fast pace in success because of using other people. Well it's not considered as success if you didn't really grow because of it, you've just did a wrong way to step up. So as long as those are too good to be true then ignore them, those are just bunch of scams.

Bitcoin is the ultimate; we know that, and it’s the safest for investment. But our love for Bitcoin and trust in it should not blind us from giving a chance to other good projects out there. I know it’s risky, but not all are entirely a bad thing. We should not follow hype; we should always make personal research before investing in anything. But if you cloud your mind with “it’s either Bitcoin or nothing,” then you will always fail to see something else being good for investment.

Exchange market is the major place where long term and short term investors buy bitcoin and hold for income purposes, those that are accumulating bitcoin every week or month know the important of buying bitcoin from any route because they believe in bitcoin than any other cryptocurrencies in the market, despite there are some scammers in the market acting as if they are selling bitcoin to buyers, and there are still some buyers that will identify them in the market because they act in a way the market will not favour the buyers by not releasing the amount of bitcoin they agreed for, which i know you can report such scammers to the exchange customer Care to handle the case immediately.

Better they should detach the idea about buying Bitcoin to someone if they really want to invest on Bitcoin, because as we all know this is so risky action to do. Its so risky to deal with people personally or even on random dude online since we don't know what's running around in their minds.

So to make sure that we are safe and there's no string attached on other people. We better buy our Bitcoins on legitimate exchange, its not hard to do this since there are lots of platforms accept fiats or cards.

We better choose the easiest and safest option that we could get on rather than trying to go with risky people because they say that they can offer huge discount to us if we buy some Bitcoins to them.

I'm sorry to say that the same love you have for altcoins can bury your years profit on your investment. Some people have made the mistake of moving from one project to another trying to explore profits to profits but it never ends well. Some people made alot of money from Bitcoin but because Bitcoin at some points stop moving, they sold Bitcoin and put everything back into altcoins, instead of the alts to appreciate they crash and went down to zero.

Some people have invested half of their money to Bitcoin and the other half to altcoins but the growth of Bitcoin has exceeded the growth of altcoins they brought. All this is because they are not stable. An altcoin can grow with 10k% today and dump by a negative of 99% the next couple of months and this is why I don't blame people that don't hold them for long, they call them all sort of names like onchain prostitute and all that but their profit on investment comes before any team opinion.

You don’t need to be sorry; I understand the point you are making. I have also personally seen someone who lost a lot in investing in altcoins; it’s not even something I can argue against. My own point is that we still have good projects out there which some can invest in. Not that I’m advising anyone to invest in any particular altcoin, neither will I stop anyone from doing their own personal research and taking their investment decisions themselves. Personally, I’m not a fan of holding altcoins for long, nor am I a fan of investing too much in a particular asset. I consider safety very important when it comes to investing.

This approach is quite interesting. We don't talk so much about should be after bitcoin and what bitcoin may be a start of something bigger. But this approach also let me think about maybe a bubble, not surely a start for anything bigger.

I think it depends on what someone is trying to do. If someone is only into long-term investments and isn't looking for short-term profits or gains, they should better stick with Bitcoin because its simply the best, but if they are also looking for short-term trades and gain some profits in the short run, they should probably look for other alternatives because altcoins tend to be better in terms of growth than Bitcoin in the short run. So if it's for short-term, altcoins should be explored, only the good ones of course, and if it's for the long run, Bitcoin should be the one.

Also, if someone thinks that they aren't very experienced with the market yet and don't want to get into any sort of trouble by investing in altcoins, it is also better for them to stick to Bitcoin and only invest and hold, and with time, when they start learning more about the market and get a better hold on everything, then they can start considering buying or trading other cryptocurrencies, only if they believe they are good.

It's really important to be skeptical with informations that concerns finance or cryptocurrency because the chances of getting ripped off your money is very slim when you mess around with your security. We should be very vigilant and our minds opened to learn  about cryptocurrency and it's security. There is a saying that not your key not your coin so we shouldn't even mistake an exchange for a bitcoin long term holding wallet, a lot of newbies make this mistake and it's unhealthy financially, because exchanges may ban or restrict your account when something suspicious happens in your account maybe not from you but an attack.

Surely we are in a world that everyone wants to become rich by all means and they can do funny or silly things to get this money to themselves including scamming attempt of making things look too real to be true. We should really be careful when some offers are given to us because at first it always looks nice and good, but if you examine yourself you will discover that it is fake especially when it look too good to be true. We just really need to be careful.

You are right. Shitcoins always hurts investors. Those who want to enter the crypto market out of greed are not very knowledgeable about digital currencies. Most of them buy shitcoins in the hope of making a big profit in a short period of time. Later, their assets get stuck in the crypto market or have to be sold at a loss. Newcomers to the crypto space should start saving by gaining basic knowledge about Bitcoin. Bitcoin can give you satisfactory returns in the future.

I agree with you, people are very easily trapped when lured by a path to profi,t or wealth. So, there are many people are easily trapped by their dreams. Well, I see it as a "Shiny Trap", where the trap looks very shiny to people eyes, or perceives it like a sparkling gem, so their eyes are drawn to it, and try to grab it, even though it is actually a trap. Therefore, I often remind people, especially newbies, not to easily believe anything, must be very skeptical, and diligently verify the truth. In essence, we must be careful with everything, and be vigilant in every action we will take, especially in the internet world.

I totally understand and agree with you that most people fail in the hands of scammers because greedy to have more, and it is easily to convince a newbie that doesn't have ideas that buying a dream from anyone is not good because he might end up in the hands of scammers in the process, so i will advise to all those that has not come across this thread should be very of scammers out there and i really appreciate the OP for finding it deem to create this particular thread for the benefit of those that has not come across such experience,  so that that can avoid being scammed.

After reading your post and the OP's post reminded me of another thing. That is, the business of selling courses has become very popular in our country. It is like selling dreams, that is they show in their advertisements or promotional videos that those who have bought their courses are earning thousands of dollars a month. And people buy their courses after seeing those attractive advertisements, that is they buy dreams. And at the end of the day, they get disappointed and when they catch up, they become victims of scams. And what they teach in those courses cannot actually earn thousands of dollars a month.They teach the basics.

Similarly, in crypto, I think many Telegram channels or social media give various advertisements that if you join our channel, you will get signals. But even if you make some profit at first, at the end of the day, you will have to face losses.

True, people tend to hide updates about what truly works for them, this is why I don't believe anyone coming out and telling the public that they can make them rich or that they have a solution to best poverty, in the end you have to buy something from them or they steal data from you.

People who believe that something can still come for free will always be a victim to this type of dreams, if truly something is working for you the first thing that will come to your mind is making a lot of money first before you expose the secret to a friend or family, the public interest won't come to mind, unless you want to monetize it. Is there anything that's actually free? You are in shackles already if you believe.

This is very true. I come across a lot of tutorial videos or tips only which does not really help the audience to achieve what they want and came for especially when it has to do with financial guidance and toturials on finances. I realize it is very difficult for them to show you the true and real hacks but just kind of do a teaser or a hook for the people to see. Most of these videos you watch online for free offering solutions are done by those people just to attract attention of the people to them but not really to truly solve their problems. Most tutorials which offer the true value of what you want to learn especially from an expert are locked up for some payments before they are released fully.

Yes, this is definitely correct and will help the holders more, many sell and think differently before selling. I may decide to sell unique coins other than Bitcoin, I may be more aggressive in buying Bitcoin now. But the most important thing in buying is to have faith, if you don't have the coin then there will be no benefit in dreaming about your dividends.

For me it's very simple, I think everything that will be offered to you needs to be relatable because once it sounds too good to be true then trust me it's definitely too good to be true but most of the times people get drawn to the easy routes without properly making research and analysis on how legit the whole offer is and before they come to realize it, it's probably too late.

Scammer's know that humans are full of greed and many of them would fall for these promiscuous offer that's this same old idea of selling unreal never gets old because somewhere out there some greedy fellow will still buy in. The best you can do is to just check every offer made and scale the ratio at which is real and unreal that way you will avoid many scam attempts.

Don't be easily fooled by any promises made by others, especially on social media that might require someone to click or share a specific link, as this could compromise security measures. Avoiding fraud may be easy for those who understand the nature of fraud, but for the layperson, it's difficult because they don't understand it. Many scams occur online, and many people have had their balances drained by irresponsible individuals in ways that are beyond their comprehension.

There are many methods used by fraudsters to drain money from our mobile banking accounts, and if we're not careful, it can be dangerous. It's better to be skeptical, but don't ignore certain steps that could be dangerous, as cases like this are very common if people aren't careful.

The truth is, most of those get rich adverts are just scams in disguise. If someone truly had a working method that prints money, they won’t be shouting it to the whole world, they will first use it quietly to secure themselves and maybe, just maybe, share with a close friend or family. That is why I never take those people serious when they promise heaven and earth because at the end of the day, the only thing they are selling is hope, and the only person cashing out is them..

Nothing in life is ever really free. Even when it looks free, you are either paying with your time, attention, or your data without realizing it. Once you believe in free miracles, you’re already halfway trapped. Better to focus on grinding and building your own thing slowly than chasing shortcuts that don’t exist..

This is exactly what I have been preaching, don't take things likely and soft especially when it has promise in it and if they are from unsolicited DMs or not popular source or anything that has to be private.

And it's also good we know that nobody on eat knows how to make money and will want to share the knowledge for free or easily as they do promise, whatever is that manner is probably a scam attempt.

Being sceptical could save you from a lot of scams, you get to ask necessary questions and give yourself the time you need to decipher what could be wrong with certain investment packages and how it’s scheme is worked.

Although, you have to be sure not to use too much time in exercising your skepticism as that could easily translate into a lost opportunity as well.
Don’t always try to be self dependent and sufficient on certain matters, always be open to asking necessary questions when need be and seek the aid of those that have been there.

This is very important warning and yes it is hard for regular people to avoid scams because they do not know tricks because scammers always invent new trick to make people fool so most important rule is to never trust any online promise which asks you to click link or share personal details. If anyone really want to stay safe so he/she need doubt means never believe surprise offers on social media and carefulness means always follow basic safety rules and best defense is to treat any unexpected request as risk.

If you look at project communities, you’ll notice that next to the administrators’ nicknames it often says they never message first. This serves as a warning for newcomers, those who just joined or don’t know how scammers operate. Despite this, many still fall for the trick when scammers contact first and offer something to download or a site to register on, this is a common practice. For people who aren’t very familiar with online security, this may be new, but anyone who has studied even the basics of internet safety will recognize it. Being cautious and skeptical toward strangers is very important when it comes to your money.

I definitely concur with the part I bolded out. In this present dispensation, it's very difficult for someone to share with the world the secret to their wealth without expecting something in return, and then there are even some who due to security reasonss will not even be willing to share the secret to their wealth, even though you are willing to pay them..... .

And then you know what I find very funny, it is that most of  these fraudster and scammers who are dressed in the robes of wealthy and influential personnelss even go as far as using their own airtime to call you and text you telling you about some kind of Investment platform that can make me a billionaire overnight  :D  You know I still wonder why people still keep falling for scam's like this, is it that they are so desperate to be  make it or what?  So bad.