Every man you failed to lecture about Bitcoin can be a victim to scam

[Crypto Library]

We can get to know about the cases of being a victim of scams which is reported, but there are many cases that remain hidden from us. A person who new to Bitcoin can naturally make some mistakes. But these mistakes can be avoided if he tries to acquire some basic knowledge about Bitcoin. We find that people with personalities who think they know a lot after knowing a little are more likely to fall into this trap. As such it is their fault but those of us who try to give an idea about Bitcoin should also be aware. They should be given an idea in advance of where they might go wrong and what mistakes they are likely to make.

Actually the truth is that, there are a large number of people among us who know little but want to present themselves to people as very knowledgeable. Therefore I agree with you that these public wrong suggestions or advice cause loss to others and as well as they also harm their-self. So for avoiding facing scam or loss, we have to correct these mistakes initially.
Also, before investing in Bitcoin, I think a person needs to have a good knowledge of Bitcoin wallets, which wallets are good to use, and why they are more secure before investing to protect their funds from scammers and hackers.  Apart from that, all the devices which will be involved with bitcoin or investment should be stopped from all other general browsing like entertainment purpose.  Because many times they help hackers.

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[Faisal2202]

I am thinking that leaving behind and not teaching people can make them a prey to scammers, if I have just thought him the right things about Bitcoin he might have not get scammed.

What do you mean by right thing, what did you teach him wrong, as far as I understand you just said DYOR as you thought he is wasting your time like others who used to show interest in front of you, and in the back they made fun of it. (I have faced it), well if that' 's what you suggested then I don't think it's your problem or due to you he invested $3,000 dollars. He did that on his own, did he ask you? If not then you don't have to feel sorry.

There is a saying in our culture which is taking advice proved to be in best so if he would at least have a advice before investing that much he might not become a victim to them. Well, all I can say for now is open a legal case against those number owners in police stations and leave it on the authorities if crypto is not banned in your country.

Overall, we should not judge any person before teaching them anything, if you doubt there devotion, then test it, instead of saying DYOR, I also faced this situation and I never shared all of the information at once, even to my brothers and sisters, I just said, start reading as much as you can and whenever you wish to take action take advice from me, I might be of some help to you.

[icalical]

I don't want to burden myself with such responsibility, if people ask me about Bitcoin, I will do my best to explain to them what I know, but that's about all, I wouldn't push them to learn more or do more research, I would end it with the usual phrase, 'You need to do more research on your own'. But that's about all of it, I wouldn't push them or force them or shill more about Bitcoin, if they decide to actually do the research than it's good, if not then no problem. It's not my responsibility to get people into Bitcoin.

[ZAINmalik75]

That's sad that he became a victim of such a group and gave away that much money without even confirming it first. He should have at least tested them before giving them a huge amount, or he should have checked the review, or he should have asked someone, maybe you. I don't think he can get that money back now, it's all gone. We all make mistakes and learn from them, but this mistake was very expensive, and he, the victim, is not going to trust BTC even if he does not learn BTC the right way.

You also make a mistake by just saying Do your own research because it would be best for the victim if you would have suggested to him the basic ideas of how to avoid phishing links and phishing offers because many newbies don't have any idea of such things, and in their minds, it's normal because they take cryptocurrency as a gateway to a new life where they can be totally independent of the money.

You should help him regain his financial status again, and my suggestion to you and to every person here is to never ignore any newbie eager to learn new things because your help can save them a lot of money. I know how frustrating it becomes when you take on the responsibility of teaching a newbie about BTC, but it is worth it if they get to know the real potential.

[Nheer]

Whenever someone come asking me about Bitcoin I sometimes look at them as another victim to scammer, at least before they learn, and that's even if they choose to stay after they get scammed, such category of people only know how to quit, I think this way because people only what to hear the good side of investment and not the bad and risky side.

A lot of people are drawn to bitcoin because of good stories they hear from people about bitcoin and that’s where they get it all wrong, everything with advantages also have disadvantages and anything with gains is likely to have losses attached to it as well but this newcomers just assume everything about bitcoin is gains. This kind of people are likely to be scammed and only the most determined ones stay back after getting scammed and it’s only after being scammed that they become so serious about learning bitcoin the proper way.

Something happened to someone who is not very close, I remember he came to me asking me about Bitcoin and how to get involved, I remember it was a bad timing for me and I told him to go online and do his own research.

Now he is a victim to a WhatsApp group that opened a exchange and told him to invest through them, I never knew he had up to $3000 for investment, he never sound like someone who is ready to invest a lot and secondly I thought he was a time waster, now he can't withdraw his Bitcoin from the fake exchange.

So sad for him to have fallen for such scam, it was already destined for him to fall for this scam that’s why he met you at the wrong time. Some disappointment can be a blessing in disguise i just hope he doesn’t give up just yet but $3000 is just too much. When someone is new to a thing doing their own research without anyone guiding them can be very difficult especially in the crypto community and they may end falling for easy scams along the line. Whenever i hear of people falling for scam i feel so sorry for them because it’s not easy to lose your hard earned money.

I think the best thing to do is to be console him in this period and advise him how risky it is in crypto and also motivate him so he doesn’t give up. He can still make that much money when he is determined and also teach him the ways of bitcoin and how to secure his assets.

should we start turning those who are not so good with finding answers away? Is that a right thing to do? I don't even know why I am feeling bad for this person, I could have saved him though.

It is not the right thing to do in my opinion because no one is born with knowledge and we don’t have the ability to successfully carry out research on our own and fully understand it. Alot of us here didn’t start on our own, we have mentors who guide us through and explain to us so it is right to pass knowledge to others who seek for them neglecting them is not the right thing to do.

[Raflesia]

No matter how much you tell others to do their research about Bitcoin some are not very good at it, call it illiteracy or other but it is what it is, should we start turning those who are not so good with finding answers away? Is that a right thing to do? I don't even know why I am feeling bad for this person, I could have saved him though.

Even if what you say is true because not everyone can do learning independently but burdening yourself by trying to teach everyone about bitcoin will also only make you tired yourself even though the intention is very noble but still everyone who wants to learn about something then they should try to learn for themselves especially they are adults and do not need to be fed continuously to get something because they can already determine the right and wrong and must be able to sort out when they want to succeed in bitcoin even though it does need encouragement from us as people who understand better but in the end we also don't have to have the burden of trying to cram everyone to match what we know because it could be that in the end with them new people who are allowed to find out for themselves can be better in terms of knowledge than us in the end.

[uchegod-21]

Whenever someone come asking me about Bitcoin I sometimes look at them as another victim to scammer, at least before they learn, and that's even if they choose to stay after they get scammed, such category of people only know how to quit, I think this way because people only what to hear the good side of investment and not the bad and risky side.

Something happened to someone who is not very close, I remember he came to me asking me about Bitcoin and how to get involved, I remember it was a bad timing for me and I told him to go online and do his own research.

Now he is a victim to a WhatsApp group that opened a exchange and told him to invest through them, I never knew he had up to $3000 for investment, he never sound like someone who is ready to invest a lot and secondly I thought he was a time waster, now he can't withdraw his Bitcoin from the fake exchange.

I am thinking that leaving behind and not teaching people can make them a prey to scammers, if I have just thought him the right things about Bitcoin he might have not get scammed.

No matter how much you tell others to do their research about Bitcoin some are not very good at it, call it illiteracy or other but it is what it is, should we start turning those who are not so good with finding answers away? Is that a right thing to do? I don't even know why I am feeling bad for this person, I could have saved him though.

I do not see any reason why you should over burden yourself over his loss. This had nothing to do with you not teaching him about Bitcoin.  Anyone can get scammed on any platform and  not limited to just Bitcoin alone.  The young man was just too desperate to invest in Bitcoin that he failed to pay attention to the fact that scammers are everywhere offering so good to be true opportunities and unsolicited help. Stories about scammers and the tactics they use in defrauding their victims are not new to us, this is the reason we need to be conscious at all times. When dealing with strange people like this, we should know when to pause and have a rethink,  especially when money is involved.

Most times, when we try educating  other people about the things we know,  they tend to take  our efforts for granted.  Deciding not to help again is not the best option because you do not know who you are inspiring from afar. One little offer of help will go a long way.

[AnonBitCoiner]

We fail to lecture them and correct their wrongdoings because they don't care about us as well and they don't weigh much on the piece of advice that is shared with them. Therefore, it was not our fault but theirs, and we don't give pity to such people who never understand our intention and never appreciate our help with them. They will just realize it when they suffer losses at the hands of these scammers.

Well, it is a very usual thing to happen - a person will just realize their mistakes and recall the past when mistakes are done already.

Presently no one cares about other's emotions and feelings and say whatever they want also they don't think about the help which one has done when they need. Whatever you do for other and teach them about a useful and profitable thing but once they face a loss then they will always remember that loss and will blame you but they will not remember that their profit is also because of you when you provide them such learning.

Now a days everyone can better understand so just learn and make profit for yourself but don't share your profit or loss with others because no one cares about anyone. Good deeds are not remembered but will share about their loss with everyone because they will put all responsibility of losing money on that person from which they have learned.

[Fivestar4everMVP]

Well, to be honest, If I was you the op, I did feel very bad too, I did feel I was the reason why the person ended up being scammed.

It is good to teach, most especially when they are the ones that come to us, for me, I usually do my best to educate to the best of my knowledge, anybody that comes to me for help in terms of bitcoin and other investment purposes, I do my best to educate them to the best of my knowledge, no matter the kind of mode I am when the person approached me, I try to cheer myself up and say a thing or two that the person can hold on to.

But just incase I was approached when I was maybe particularly very busy with something very important which I can't leave to gives answers to the persons queries, instead of turning the person away, I simply just tell the person to come back to me at a certain time when I know that I will be less busy.

As far as I can remember, I have never told anyone to go to the internet and do their own research, what I know I do most of the time is, after teaching the person all I know, I will also tell the person to try and search some thing on the internet, that is, what ever I have said that he or she is still confused about.

Anyways, don't be so hard on yourself @op, what is bound to happen will surely happen regardless.

[DabsPoorVersion]

We fail to lecture them and correct their wrongdoings because they don't care about us as well and they don't weigh much on the piece of advice that is shared with them. Therefore, it was not our fault but theirs, and we don't give pity to such people who never understand our intention and never appreciate our help with them. They will just realize it when they suffer losses at the hands of these scammers.

Well, it is a very usual thing to happen - a person will just realize their mistakes and recall the past when mistakes are done already.

Presently no one cares about other's emotions and feelings and say whatever they want also they don't think about the help which one has done when they need. Whatever you do for other and teach them about a useful and profitable thing but once they face a loss then they will always remember that loss and will blame you but they will not remember that their profit is also because of you when you provide them such learning.

Now a days everyone can better understand so just learn and make profit for yourself but don't share your profit or loss with others because no one cares about anyone. Good deeds are not remembered but will share about their loss with everyone because they will put all responsibility of losing money on that person from which they have learned.

It's already a part of the personality of a person. Whenever something bad happens, people will start to find someone to blame. Especially on their investment, having a loss will make people think that you're the reason for that. If they make a profit, they will think highly of themselves.

But this is not the reason for us to stop sharing knowledge with other people. It's all up to them if they take the knowledge we share in a positive or a negative way. And it doesn't matter if they don't remember the good deeds you did, what's important is you were able to help other people in a simple way.

[Youngkhngdiddy]

It's already a part of the personality of a person. Whenever something bad happens, people will start to find someone to blame. Especially on their investment, having a loss will make people think that you're the reason for that. If they make a profit, they will think highly of themselves.

But this is not the reason for us to stop sharing knowledge with other people. It's all up to them if they take the knowledge we share in a positive or a negative way. And it doesn't matter if they don't remember the good deeds you did, what's important is you were able to help other people in a simple way.

  It pays to be  good and kind to people, even when there is nothing to gain. People are quick to putting blames on someone when they fail to achieve their goals especially when it involves money. Teaching a friend about bitcoin is a great win but then when talking about the many benefits of cryptocurrency and bitcoin its is important to also share its disadvantages and risk to the person. Be a guiding light to the newbies and never be tired of showing them around the space. We all started from the scratch at some point and steadily we started growing knowledge and understanding about the space. Same applies to the newbies trying to start their journey in the cryptocurrency space.
   I have always been an advocate of doing good with free mind, expect nothing much from anyone that you will be more happy in dealing with other, people we always do their will but that shouldn’t change who you are. The universe will always be in your favor if you’re free in spirit because good things comes to the kind hearted.

[Victorik]

Just today, someone in the same WhatsApp group with me, was complaining of how he has lost so much due token, because his wallet was hacked and all his assets transferred to another wallet.
The person in question is not a newbie and has been very careful with his wallets, but yet, the hack happened.

My point is, getting lectured about BTC will not automatically immune you from falling victim of some scam.

[bitterguy28]

never that this become our problem and fault , because why?

First - We are not obligated to teach or help others about their investment and engagement in crypto or all form of money matter.

Second - Each of us must be responsible for our money meaning invest with your own knowledge

Third - We are the one who is asking favor so there are never a reason to blame others for our losses

I believe that if they were being scammed  then it is their mistake and faith I believe.

[invo]

Second - Each of us must be responsible for our money meaning invest with your own knowledge

I believe that if they were being scammed  then it is their mistake and faith I believe.

- indeed, it's our own money and even with advice from other people when it comes to investment, it's our responsibility to decide whether we will invest or not. Whatever the outcome is, it's on yourself. Never ever blame other people if you know to yourself that you made the final decision.

[Taskford]

Second - Each of us must be responsible for our money meaning invest with your own knowledge

I believe that if they were being scammed  then it is their mistake and faith I believe.

- indeed, it's our own money and even with advice from other people when it comes to investment, it's our responsibility to decide whether we will invest or not. Whatever the outcome is, it's on yourself. Never ever blame other people if you know to yourself that you made the final decision.

Sometimes there are people think about that its there responsibility to make those people they teach about bitcoin to be safe. But actually they don't know what's running around the mind of those people and even if they are not lacking with important advice for sure there are times that those people became more greedy especially if they want to earn fast cash and they see a program that they think can help them to make that huge profit generating happen. And unfortunately they end up being scam and been stressed about that situation.

 But to be honest we are not responsible regarding on what happen to them since they are the one who can decide on the faith of their investment. But they failed for that round so maybe we just advice them to bounce back and do better decision so that they could possibly minimize the risk and earn those losses they get from those scams.

[Questat]

Scams are everywhere and a lot of greedy people around, and they are easily boxed with these scammers.
We never fail to lecture them but it is hard to change someone if their thinking is different as they will do what they think is right (but it is wrong). Perhaps, we've been doing our part to educate some people and help them to avoid scams but too unfortunate that they easily forget the warning when hearing some good offer ( xxx profit in one day, one week, or one month). Yes, they simply jump on it without thinking it is a scam trick.

[michellee]

If we can help him find the right answers to the questions he asks us about Bitcoin, we need to help him so he doesn't get the wrong answers. We also help him avoid investment programs that could cause him to be deceived and lose a lot of money.

That's why everyone who wants to invest in Bitcoin should be able to find answers to their questions. They should have friends who can give the correct answers so they can avoid this fraud.


Unfortunately, many beginners are fooled by these investment programs just because they want to get big profits in a short time. They don't want to take the time to look for valid information. Instead, they join WhatsApp or even Telegram groups that they find on social media. That was the beginning of their experience with scams, and they only realized it after the money was gone.

If we have the opportunity to help someone, we should not refuse if they are really serious about learning to invest in bitcoin. But in OP's case, we shouldn't blame him for not being able to teach his friend about bitcoin. Sometimes we are busy or don't have enough time to teach someone in time when they ask us about bitcoin. Furthermore, the fault here mostly belongs to OP's friend because he could have learned everything himself if OP refused, but I guess he was too hasty and invested with a get-rich-quick mindset.

Having a trustworthy friend accompany you on your investment journey is a good thing, but if you have to go alone it is not impossible, it all depends on us, don't rely too much on anyone.

Yes, you are right. It also often happens to us when there are people who come to us wanting to learn from us. But we can't afford to help him. But we can show him how to learn on his own and he can discuss it with us again when we have free time.

His friend should be able to learn about Bitcoin himself so he doesn't depend on @OP. This would be better for him because he wouldn't have to wait for when @OP could have some free time. Plus, he can get more information about Bitcoin and later, he can ask @OP about it.

In learning everything, we cannot depend on other people. We should be active in looking for the information we want because other people may not have the information we are looking for.

[Alpha Marine]

These scammers are very smart, they appear very genuine (at least to a newbie or greedy person). So even if you had educated that person on what Bitcoin is, he might have still fallen victim if he did not carry out his research. Scammers confuse them till they don't even know what they believe, you'll end up being the bad guy to him because to him, he has found a path to become a millionaire and you were hiding it from him.
Also, if you had educated him and he decided to invest, he might have blamed you for any losses because it was through you he got involved.

It's wrong for anybody to get involved in any investment they don't have an idea about. Always at least the basic knowledge and it should be the right knowledge. Also since you have only the basic knowledge, don't go into the advanced part of that investment.
For example, a newbie who just got involved in Bitcoin learned how and where to buy BTC and hold it in his noncustodial wallet wants to become a day trader overnight because he knows how to buy and sell Bitcoin. It shouldn't be so.