I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
Education is the key. I’ve encountered some of my real friends and social media friends regarding their negativity towards crypto. In the end, they just misunderstood on what crypto is really all about, as they only listen to those people who got scammed using crypto as front in various ponzi and networking scams.
I made them understand how crypto works like there’s no astronomical guaranteed returns, DYOR, etc. I’ve been educating some local communities and university students since 2018 about the real use cases of cryptocurrencies and blockchain technology, making them understand even more rather than listening to the media with misinformed content about crypto.
