Why its easy for a new comer to get scam

[akirasendo17]

Why mostly the victims of scam, are newbies?

When we saw a post of a person saying they got scam , what we always see is that they have no ideas what is crypto
they are always been the target of this people, if you have a friend that is new , give them an effort and educate them
specially if they don know anything, largely they has been the target of this culprits, taking advantage of their zero knowledge
and promising them of a big return, then suddenly this people disappear, here an article showing how to dodge a scam
https://www.thebalance.com/warning-signs-of-money-scams-315824 stay safe newbies, never trust anyone promising you
something that is too good to be true

[1714993451]

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[1714993451]

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[Daniel91]

By default, crypto is not something simple, which can be understood immediately after someone engages in it.
However, it takes some time and experience to better understand things and more easily identify fraud.
However, the main reason why people are deceived is not their inexperience but greed.
When new people hear about crypto and see examples of past earnings, they sometimes get impatient and wants to make such big profits in the short term, without long waiting, and then greed can lead them to fall victim to fraud.

[noormcs5]

Why mostly the victims of scam, are newbies?

When we saw a post of a person saying they got scam , what we always see is that they have no ideas what is crypto
they are always been the target of this people, if you have a friend that is new , give them an effort and educate them
specially if they don know anything, largely they has been the target of this culprits, taking advantage of their zero knowledge
and promising them of a big return, then suddenly this people disappear, here an article showing how to dodge a scam
https://www.thebalance.com/warning-signs-of-money-scams-315824 stay safe newbies, never trust anyone promising you
something that is too good to be true

Well, not only newbies but also the experienced can get scam in crypto. Also if a newbie account post in bitcointalk and tell you about his story, it does not mean that he is newbie in the crypto world. He may be Newbie on this forum, but could be much older in cryto-currencies.

[Findingnemo]

Because they are newbies,they don't have enough experience with investments on schemes so they trust random advertisements and ends up getting scammed but not only newbies even veterans also get trapped due to negligence.

Newbies should avoid plans like these:

1. Bitcoin doublers -  you can get your bitcoins doubled in a day or week.

2 Cloud mining

3. Deposit bonus - deposit 0.1BTC and get 1BTC in return.

[Steamtyme]

You chose to "Be Your Own Bank" don't get complacent and scammed, I did.

Not always newbies, though I did get scammed walking in the door so to speak in 2017, before I found the forum. When this most recent experience happened, another veteran member also got scammed through a different method, and a third almost got tangled up in something but managed to avoid losing anything besides time.

Honestly most scam attempts in crypto are no different than the schemes they employ with Fiat or Gift cards. What is more common is that a newbie will post about their scam, either to share the story or to find out if they had been scammed. With anything though if you are new and have questions shitty people will see this as an opportunity to exploit you so there is a higher risk for them.

[turkandjaydee]

An alternative way, if you're busy and don't have much time to put too much effort to educate your friends or even acquaintances, you can tell them to let you know and confirm if they're about to join something or put some money into something in this cryptocurrency world.

Also with this way, they will have more impactful experience and get better picture of scam cases. Sometimes if you educate/tell people in the beginning, they wont understand enough or not get a clear picture of it.

At least this is better than doing nothing if you dont have much time to help them.

[rabbitfairferry]

Cause they have a get rich quick mentality? They rush into it without properly educating themselves about the responsibilities that come with being your own bank.

[UserU]

It's not just newcomers, even veterans can fall for it. While you could blame naivety, greed is also the driving factor.

[bitmover]

In 2017 when I was a newbie I was scammed as well
I invested in the ICO of 2 scam projects and lost all the money invested. The coins are now worthless.
I invested in another 3 which are zero now as well, and 1 invested in one which is about 2000% now.

I don't invest in altcoins anymore. Imo they are not worth the riskt and most of them are scams. Even if one of them goes up 2000%, if I had bought only btc I would be better now (or almost the same), without any stress.

Just invest in btc  , move them to your nano and don't try to get rich quick. It won't work.

[noormcs5]

In 2017 when I was a newbie I was scammed as well
I invested in the ICO of 2 scam projects and lost all the money invested. The coins are now worthless.
I invested in another 3 which are zero now as well, and 1 invested in one which is about 2000% now.

I don't invest in altcoins anymore. Imo they are not worth the riskt and most of them are scams. Even if one of them goes up 2000%, if I had bought only btc I would be better now (or almost the same), without any stress.

Just invest in btc  , move them to your nano and don't try to get rich quick. It won't work.

Like you said one of your investments in coin is 2000%. That is huge and if you have invested equal in all four ICOs, your loss would have been covered and you will be in good profit. Bitcoin investment is safe but altcoins investment is like gambling. It can give you much more returns than bitcoins provided you invest in a altcoin which is good one.

[Upgrade00]

if they don know anything, largely they has been the target of this culprits, taking advantage of their zero knowledge
and promising them of a big return

Most of the time they're taking advantage of their greed. You do not need in-depth knowledge about a concept in order to avoid scams, you just need to stop looking for get rich quick schemes. Every financial venture is rife with scam attacks so one should always be wary when using the internet. And do not come in with the money first, knowledge later mindset.

Admittedly, there are also well veiled scams which can trap even the most experienced person if they get complacent enough. I always advice one to view everything as a scam until proven otherwise.

[Theb]

Why mostly the victims of scam, are newbies?

When we saw a post of a person saying they got scam , what we always see is that they have no ideas what is crypto

Not entirely if we removed phishing sites, downloadable malwares, and other careless ways of  losing your account you will see that most newbies are being victimized by fake investments that provides high yield payments. They are easily blinded by the payout that they don't even see that they are fake to begin with, they don't do bakcground checks and don't approach it realistically all they see is the fake payout these sites are paying. Some people I see are even more than willing to join another scam when what they are investing is over and the bad thing is they'll recruit other persons for a referral commission I call these peopl “willing victims” as they don't care if the investment site is fake they just want to earn the easiest way possible.

[terizla]

When i was newbie in crypto. First time i create wallet in blockchain and i think this is boring and difficult.
When i login i must accept login notification in email. So, i find bitcoin wallet in extension chrome.
I don't know if that extension is phising then i login my blockchain account in there and my email.
After i withdraw bitcoin to my wallet in few minutes my bitcoin send to another wallet.
After i check the extension review in Google, this is phising.

[noorman0]

_snip_

Agreed.

I was a beginner (completely newbie to crypto), and what I got from my instructor at that time was that crypto had high volatility, if I was lucky I'd have benefited faster (get rich quick). I realized that this is all about money, and scammers won't miss their chance to act. Previously, I've seen scams almost every day (not in crypto) experienced and told by people on the internet. I thought it wasn't impossible to see me as a newbie in the realm of cryptography, I'm their next victim.
Read any tips or ways through the beginner's board to avoid them and start applying it even though it requires extra time and is boring. As I once said, "I'd better waste a little time each time doing crypto activities for security reasons, rather than faster but at the end I've to start again from 0".
However, I'll still be a newbie who can be scamed at any time. I'm not very good at researching any scams/frauds. This is just a coincidence or luck that I've never experienced. And maybe, one of my biggest luck comes from "Scam accusation" and "Reputation". Newcomers, I strongly recommend visiting these sections regularly.

[a1minitrator]

ok, everywhere is scam and on this forum too

[judeafante]

Why mostly the victims of scam, are newbies?

When we saw a post of a person saying they got scam , what we always see is that they have no ideas what is crypto
they are always been the target of this people, if you have a friend that is new , give them an effort and educate them
specially if they don know anything, largely they has been the target of this culprits, taking advantage of their zero knowledge
and promising them of a big return, then suddenly this people disappear, here an article showing how to dodge a scam
https://www.thebalance.com/warning-signs-of-money-scams-315824 stay safe newbies, never trust anyone promising you
something that is too good to be true

This happens because they are in a hurry to make money and they are not aware the many scam methods scammers are using to scam people, and of course are targetting newbies, becaus ethey know old timers knows what to do if they encounter one situation, they will ask the community or they will do a research.

[BITCOIN4X]

And now it is time for us to see that there are many newbie who try to cheat in various ways, submit phishing websites and become gift managers and many others.

I think most newbie are very vulnerable to fraud because of their minimal knowledge and experience. But the real attempt at fraud is when a beginner tries to fool people who have extensive knowledge and lots of experience.

I remember, some time ago one of the members of this forum got a loss because the assets of bitcoin and altcoin were stolen in his wallet because of email hacking. The user is a member of a hero with a lot of experience and a good reputation, phishing is the main weapon that is often used to hack, and I think the victims are users who have been fooled by several types of phishing websites.

So I think not only newbie must be vigilant, but higher members must always maintain security and raise awareness about various types of fraud.

[italianMiner72]

Why mostly the victims of scam, are newbies?

When we saw a post of a person saying they got scam , what we always see is that they have no ideas what is crypto
they are always been the target of this people, if you have a friend that is new , give them an effort and educate them
specially if they don know anything, largely they has been the target of this culprits, taking advantage of their zero knowledge
and promising them of a big return, then suddenly this people disappear, here an article showing how to dodge a scam
https://www.thebalance.com/warning-signs-of-money-scams-315824 stay safe newbies, never trust anyone promising you
something that is too good to be true

don't fall in mistake.
scammers are targeting all user types.
Obviously, the major rank of scammed users is the lowest one!
But this, just because newbie users, usually, are the most inexperienced.

[xZork]

Most newcomers enter the cryptocurrency market for the profit that cryptocurrencies bring, so they are easy to get scammed and FOMO.
The crooks just need to fake some proof of profit then show it to new people and cheat their money.
Besides, new people often click on shady links so their computers are easily attacked.

[sovie]

Everyone thinks that cryptocurrency is very easy to play with and there is no prior knowledge required to get started with crypto. When a new comer comes with this mindset along with huge capital, he got scammed by experts of this field. If you spend some time in this sector before investing you can surly get aware of how to tackle scam.