Understanding is the best key to approach cryptocurrency.

[Agbe]

That's true for anyone who is into crypto currency to enjoy the totality of the benefits that are attached to crypto currency especially Bitcoin it's important that they have a full knowledge of what crypto currency is because that is going to help them alot so many people have been scammed of their crypto assets simply because they where not inform about the dangers that are attached to crypto currency especially as it concerns how people have specialized in scamming people of their crypto assets so it's important that people especially new comers into crypto currency have a full understanding of what it's all about

[Olatundespo]

OP, you need to understand say majority of cryptocurrency na scam make the dev them create the project to scam people through punp and dump. This na e make me feel say new people wey dey come the cryptospace no need know any other coin apart from bitcoin. Bitcoin na e be the only legit coin wey people trust and believe. Another problem be say those wey come know about bitcoin won use am make money fast through trading even if them know say na through long-term investment them go fit use profit and limit the risk.

It's important for new guys to the crypto space to know about Bitcoin as they will consider their investments as more reliable currencies and will benefit themselves more. Knowing about other currencies is equally important to educate yourself about their scams. Saving Bitcoin for investment and becoming more knowledgeable about cryptocurrencies will make you aware of the best choices. Another mistake beginners make is wasting capital to trade and they are not implementing their long-term strategy. Long term Bitcoin investment is best considered for those guys.

[Ndabagi01]

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

One thing about all dis kind of technological investment, it is always attached to scams and many people will continue to see it as such if they don’t get to understand the basics of it. It’s very important to know that cryptocurrencies is full of many controversies that only the people that have in-depth knowledge about it will be able to comply with its regulations. Bitcoin may be seen as a scam to anyone because of how volatile the market can be, in which it favours some traders and don’t favour some when in its stage of volatility movements.

Everything wey you see today get purpose why e come and if you wan understand how e take come about, you need to be very open to learning about am, the ups and downs and things wey you need avoid about am, so that you no go regret later why you make some kind decisions wey you no suppose on top am. E fit make you to either like or dislike am based on how the thing go take hit you hard. Knowledge is important and when we get am, we are on a good track to make the best for ourselves for anything wey we venture into.

[PremiumcryptoHub]

OP, you need to understand say majority of cryptocurrency na scam make the dev them create the project to scam people through punp and dump. This na e make me feel say new people wey dey come the cryptospace no need know any other coin apart from bitcoin. Bitcoin na e be the only legit coin wey people trust and believe. Another problem be say those wey come know about bitcoin won use am make money fast through trading even if them know say na through long-term investment them go fit use profit and limit the risk.

It's important for new guys to the crypto space to know about Bitcoin as they will consider their investments as more reliable currencies and will benefit themselves more. Knowing about other currencies is equally important to educate yourself about their scams. Saving Bitcoin for investment and becoming more knowledgeable about cryptocurrencies will make you aware of the best choices. Another mistake beginners make is wasting capital to trade and they are not implementing their long-term strategy. Long term Bitcoin investment is best considered for those guys.

This means that you want to make it clear that it is extremely important for all new members to learn about Bitcoin at an early stage in the crypto space. I think those who are able to understand cryptocurrency better will be able to advance faster, meaning they will gain the most experience in investing and trading. Moreover I was able to learn through a thread that when a new person joins the crypto space, their initial task may be to gain knowledge only about Bitcoin. As you mentioned another mistake beginners make is that they waste capital to trading but don't implement the strategies in the long term, perhaps because they lack complete knowledge.

[icebar]

People's ignorance about cryptocurrency is basically one of the reasons for their losses. There are investors who do not know what cryptocurrency is. They are only interested in investing for profit. But if they knew about cryptocurrency well before investing, then maybe they would not have faced big losses. In my opinion, a large part of investors knows that investing in cryptocurrency means getting rich quickly. Many investors have lost their money only because of this mistake. Instead of investing in the right platform, they invest in projects that will be revealed as scams in the long run.

# Not choosing the right coin
# Not using a good exchange platform
# Not understanding the market trend, especially not knowing about bearish and bullish trends well.
# Expecting more profit from the investment as soon as you invest.

Many investors are losing their wealth due to not having good knowledge about investing. If the investor invests after gaining a good knowledge of these issues before investing, hopefully he will not have any chance of considering cryptocurrency as a scam.

[Zigabel]

Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

When i hear or see people calling cryptocurrency a scam i just don't even try to convince them otherwise because i understand that some of them do not even understand the concept of a scam to even start with and so at the slightest chance they have got they call anything that got them loosing some amount of money a scam and thats why they call cryptocurrency a scam only when they are loosing money but when they are profiting, they dont say any of such rather they quietly enjoy the benefits thereof.

Scam for the way wey me i understand am na something no be true, anything wey be say dem dey lie dey use collect somehting from person hand wey be say dem go dey show you something wey be say e no dey just to make you believe say  wetin dem dey talk na true den when dem done collect something for your hand, you go com know say na lie, na dat kain thing be scam, weda dem collect money or dem collect anoda thing na scam be dat. But for Bitcoin mata, most people wey dey call am scam na pipo wey maybe demno get patience to allow d ting profit dem or na pipo wey don go rush hear anoda thing com put dia money inside because me i know say if na tru tru Bitcoin wey you put your money na just for you to dey patient you go get all your money back no be something to dey do now now den you go com dey call am scam because u=you no understand am well and you don go lose money.

[Mr Reporter]

Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

When i hear or see people calling cryptocurrency a scam i just don't even try to convince them otherwise because i understand that some of them do not even understand the concept of a scam to even start with and so at the slightest chance they have got they call anything that got them loosing some amount of money a scam and thats why they call cryptocurrency a scam only when they are loosing money but when they are profiting, they dont say any of such rather they quietly enjoy the benefits thereof.

Scam for the way wey me i understand am na something no be true, anything wey be say dem dey lie dey use collect somehting from person hand wey be say dem go dey show you something wey be say e no dey just to make you believe say  wetin dem dey talk na true den when dem done collect something for your hand, you go com know say na lie, na dat kain thing be scam, weda dem collect money or dem collect anoda thing na scam be dat. But for Bitcoin mata, most people wey dey call am scam na pipo wey maybe demno get patience to allow d ting profit dem or na pipo wey don go rush hear anoda thing com put dia money inside because me i know say if na tru tru Bitcoin wey you put your money na just for you to dey patient you go get all your money back no be something to dey do now now den you go com dey call am scam because u=you no understand am well and you don go lose money.

And also when they profit from it they don't call it scam but small market downturn they will start to call it scam, well for me bitcoin is not a scam it a digital assets which been hold for a long period of time in other of it worth in the future, the simplest truth is that people lack patience when investing in bitcoin so they find something to cover their misfortune, you can believe that people who call bitcoin a scam are often those who scheme and lose money, you advise people to be patient and understand bitcoin before investing as it's not a get rich quick scheme.

[Jerrycrypto2024]

OP, you need to understand say majority of cryptocurrency na scam make the dev them create the project to scam people through punp and dump. This na e make me feel say new people wey dey come the cryptospace no need know any other coin apart from bitcoin. Bitcoin na e be the only legit coin wey people trust and believe. Another problem be say those wey come know about bitcoin won use am make money fast through trading even if them know say na through long-term investment them go fit use profit and limit the risk.

Wetin you talk na true because most of the people wey no no anything about bitcoin, when they hear cryptocurrency dem dey feel say na all be bitcoin without knowing say bitcoin na separate coin on yin own. One thing wey i discover say na the problem with people wey dey invest for cryptocurrency be say dem dey invest wit the mentality say as soon as dem invest na for the price to start rising so that dem fit take profits but wen dem see say e no work like that again dem begin call cryptocurrency scam. If dem go fit know the difference between cryptocurrency and bitcoin dem for understand say na bitcoin be the only reliable coin wey dem fit invest and stand an opportunity to make profit in the long term. Anybody wey get the idea say dem go fit trade bitcoin come make profit within a short period of time na deceive the person dey deceive himself or person wey introduce dem no tell dem the truth of how bitcoin investment dey take work.

The truth remains that ignorant is a key but there is an aspect those who believe or call crypto scam centered their heart which failed them and they generally tag crypto scam , which is not far from get rich quick some see investing on altcoin or shitcoin as something that happened as speed of light once they invest within a tinkle of an eye the investment will skyrocket but when the reverse become the case where the dropped goes beyond their expectations you see them lament of scam, this is Also as a result of ignorant as op highlighted a good investor with knowledge will override this thought of quick to get rich in crypto and know the best to go for not shitcoin or meme coin without future even if he is given a trial not to the length that the loss will affect him to be lamenting scam or condemned anything called crypto.

[rachael9385]

I have witness many events where people refer to cryptocurrency as scan, because of lack of understanding and awareness on how cryptocurrency works, and aslo the  way to approach cryptocurrency in other for them not to get scammed.
alot of people are not aware that someone can easily be scam with cryptocurrency and it online exchanges, because they lack understanding that alot of cryptocurrencies and alot of crypto online exchanges out there are scam. and when those who lack understanding about cryptocurrency get scammed, they we come into conclusion that cryptocurrency is a scam.

That's why I always advise that individuals need to understand the risks that are involve in cryptocurrency  because everything about cryptocurrency is risk taking including, crypto trading, crypto investment and  it online exchanges.

Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.

And thirdly the one that funny me the most, is the one they refer to the price movement in the crypto market as scam, because of increasing and decrease in price of cryptocurrencies in the crypto market, which I also refer to that as lack of understanding of the crypto market.
Cryptocurrencies are volatile in nature it price movement can make someone believe that cryptocurrency is a scam.

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

Cryptocurrency is filled with lifetime opportunities and it's never a scam. The problem most people have is the patience to learn and understand it. You can't just wake up and start investing in something you have no knowledge about. You must learn before you earn in cryptocurrency, it's a journey of continuos dedication to the process. People think it's a quick rich scheme but it's not, you cannot treat it the same way you do with gambling. Talking about the trading aspect of crypto, some beginners just join groups to copy trading signals, you can't improve doing that.

[Mehmet69]

People prefer to hear about cryptocurrency from others rather than gaining knowledge themselves. In this, they do not get the right information. When they hear from others, it seems that cryptocurrency is a scam. If someone invests money here, he will lose. On the other hand, there are some people who start investing without listening to the whole story and when the market goes down, they get scared. They withdraw all their invested money and since then they call cryptocurrency a scam.

So we all should collect the right information and then take a decision.

[AmaGold70]

I have witness many events where people refer to cryptocurrency as scan, because of lack of understanding and awareness on how cryptocurrency works, and aslo the  way to approach cryptocurrency in other for them not to get scammed.
alot of people are not aware that someone can easily be scam with cryptocurrency and it online exchanges, because they lack understanding that alot of cryptocurrencies and alot of crypto online exchanges out there are scam. and when those who lack understanding about cryptocurrency get scammed, they we come into conclusion that cryptocurrency is a scam.

That's why I always advise that individuals need to understand the risks that are involve in cryptocurrency  because everything about cryptocurrency is risk taking including, crypto trading, crypto investment and  it online exchanges.

Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.

And thirdly the one that funny me the most, is the one they refer to the price movement in the crypto market as scam, because of increasing and decrease in price of cryptocurrencies in the crypto market, which I also refer to that as lack of understanding of the crypto market.
Cryptocurrencies are volatile in nature it price movement can make someone believe that cryptocurrency is a scam.

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

Na ignorance dey do those people and when they get scammed then they will generalize it that every cryptocurrency is a scam, and its volatility nature has been misunderstood that the price fluctuations has made people to believe that it is actually a scam and thereby failing to understand that it is the nature of cryptocurrency, people need to know that understand crypto and how it operates is indeed the best approach to navigate the market for a successful investment.

[TEBTC]

 The first time I heard about crypto currency and it's related components,I was like this people don come again ooo, because I never believe in online stuff the reason was because I lacked the understanding to how these things work.understanding is very key when it comes to the crypto currency market and how it's work and operate,it was untill I read and had the understanding about how this crypto currency work that I believed and now know that it's a valid currency that has come to stay it's a 21th century currency,so everyone should have the knowledge of crypto currency and everything under it to avoid losing the chance of such great opportunities that is out on the digital market and to avoid being scammed by fake crypto sites on the Internet.

[Marykeller]

When someone doesn't understand how things d work, or they have lost to it before, wetin go enter their mind sharply na to call that thing scam because of their experience of being deceived and lost their money to it by the people they know, who tell them about the crypto investment in the wrong way.

Forget, many people are not informed about crypto investment in the right way. Some are actually told that crypto investment are the quick way to make money. And them go invest with such mindset. You no go blame such kind of people sha for calling crypto scam, rather you we go blame those who got them deceive to introduce crypto investment to them without letting them know about the basic knowledge of crypto

[Africolo]

Na ignorance dey do those people and when they get scammed then they will generalize it that every cryptocurrency is a scam, and its volatility nature has been misunderstood that the price fluctuations has made people to believe that it is actually a scam and thereby failing to understand that it is the nature of cryptocurrency, people need to know that understand crypto and how it operates is indeed the best approach to navigate the market for a successful investment.

Scamming never ends, we all know that by now. We get acquainted with the system and know the possible forces involved, trying our best to ensure we stay safe from risks of getting scammed. Although, ignorance follow in the process of people getting scammed, they just don't want to ask questions about what they're not acquainted with but it's good to know what we're doing. Cryptocurrency is for everyone, we make good use of this space.

[Wolf of One Street]

I have witness many events where people refer to cryptocurrency as scan, because of lack of understanding and awareness on how cryptocurrency works, and aslo the  way to approach cryptocurrency in other for them not to get scammed.
alot of people are not aware that someone can easily be scam with cryptocurrency and it online exchanges, because they lack understanding that alot of cryptocurrencies and alot of crypto online exchanges out there are scam. and when those who lack understanding about cryptocurrency get scammed, they we come into conclusion that cryptocurrency is a scam.

That's why I always advise that individuals need to understand the risks that are involve in cryptocurrency  because everything about cryptocurrency is risk taking including, crypto trading, crypto investment and  it online exchanges.

Secondly without proper understanding of cryptocurrency and it online exchanges, individuals may fall prey to scam, making them vulnerable to scams and frauds, which may result to financial looses, and they we start calling cryptocurrency a scam.

And thirdly the one that funny me the most, is the one they refer to the price movement in the crypto market as scam, because of increasing and decrease in price of cryptocurrencies in the crypto market, which I also refer to that as lack of understanding of the crypto market.
Cryptocurrencies are volatile in nature it price movement can make someone believe that cryptocurrency is a scam.

without the proper understanding and the awareness that cryptocurrencies are designed to fluctuate rapidly and unpredictablely in price you we refer to cryptocurrency as a scam.

I'm a typical example of this experience, as a newbie back then in the space and there was a particular project that stole about 17,000, naira from me and I almost included that crypto is scam if not for intervention of some fellows and my determination to make further research and know why I was scammed. Today I thank God I decided to learn and I know and can hit my chest to say that crypto is not scam. All they need is education and understanding of what is in the space and what is required to navigate it.