ㅤ

[Etranger]

What makes naïve newbies especially susceptible to all kinds of fraud is not the fact that they have yet to understand Bitcoin more deeply but rather the fact that 99% of them are too eager to make money. This eagerness will bring them toward fake trading tutorials, fake trading signals, fake investment opportunities, scam guidance, and so on and so forth. So I guess cases of newbies being victimized due to their naivete would significantly decrease if they tone down their eagerness to earn.

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

[1715561326]

1715561326

[1715561326]

1715561326

[1715561326]

1715561326

[1715561326]

1715561326

[BernyJB]

The crypto industry is a young developing world. The world of fast millionaires and very fast bankruptcies. A world of promising investments and high risks. A world without proper regulation, with a lot of scams, deception and other vulnerabilities.

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

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

Among such paid schemes, I would include:

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

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

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

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

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

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

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

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

[Cryptions]

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

[Etranger]

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

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

[lovesmayfamilis]

It is easier for them to live in rose-colored glasses, believing that they will someday be lucky and they will get rich, than to face a difficult reality in which they need to put in a lot of their own efforts to achieve something.

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

[stompix]

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

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

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

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

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

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

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

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

[Etranger]

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

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

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

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

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

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