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Author Topic: Making informed decisions is our responsibility  (Read 382 times)
Asuspawer09
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February 17, 2024, 04:18:04 PM
 #41

One thign I am sure that we cannot neglect as crypto enthusiast is the our need to continually be informed and make good decisions, to be a part of a fast growing and information based space like ours(crypto space) does come with a responsibility that all of us must bear for ourselves and that is to seek knowledge.

As members of this community, relying on our past information would be very shortsighted of us especially when
Scammers are continually looking for new ways to compromise our security and get to us, sudden news can happen that can throw traders off balance or even make us holders to miss out on opportunities to buy cause we were ill informed. Just one wrong move, like clicking on a malicious link or ignoring critical news, can have very negative consequences. Also, the right information can lead to significant gains or safeguard your holdings.

It Is important and for our own good that we dopt a culture of continuous learning and upgrading our selves, by staying informed we would not only protect ourselves, but also increase our chances of success, there are countless reasons why making informed decision is good, but action on this solely is our responsibility and only we can make those decisions for ourselves, yes indeed the community is here to help you, but at times before you know it your already and victim. knowledge is power, and it's up to us to harness it for our benefit.

For sure, I get your point here and that is also what I tell on the local board for new traders, Bitcoin and cryptocurrency surely have a lot of scammers, hackers, etc. that are going to do anything just to get our funds on our wallet. We already know that technology continues to grow over time and that just means that we need to keep on learning as well to keep up with the technology, that just means that hackers and bad guys use new methods as well in order to hack or scam people were we need to learn as well in order to prevent it from happening. It's a good thing that we have this forum since we share a lot of information including methods of how the scammers scam people as well, if we are aware of how they do it it would be difficult for them to scam us, or probably they will not be able to do it. Still, we need to be careful all of the time because there are new ways that they might do what we doesnt know yet.

I mean they probably not going to stop since for sure they are earning a huge amount scamming people what we can only do is protect ourselves if we all know how we are going to protect ourselves there are no people that are going to get hacked or scam, and these bad people are not going to get anything from us.

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February 17, 2024, 04:35:54 PM
Merited by fadhilz123 (1)
 #42

Making informed decisions would even be more important now with more news of the bull run emerging, and we know that a lot of persons are interested in bitcoin even scammers and those who want to use this opportunity to give stupid speculations to decive the public, everyone should make quality decision regarding to the kind of links they click, the kind of persons that take advice from and all that and most of all our security is our full responsibility and if we lose our bitcoin we are to blame and noone else. Let's priotise making informed decisions, cause it the only thing that can safe us in this fast growing space.

Making the right decisions has long been important for everyone who works everywhere and that doesn't just apply now. But from previous years it has also had to be made by each person who does not want to become a victim of fraudsters in various cases. Because nowadays there are many people who still continue to take advantage of any conditions and opportunities to make other people fall asleep with suggestions that sound reasonable, even though they are still not necessarily good.

So making the right decision for whatever it is through ourselves should have been done by ourselves a long time ago without having to immediately believe what other people say. Because it could be that advice given by other people we don't know can be a sadistic trap that some people don't immediately realize. So apart from the importance of making the right decisions, there must also be caution in trusting new people around us because that is also an important part that we must remember individually.

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February 17, 2024, 05:05:15 PM
 #43

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.

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February 17, 2024, 05:05:42 PM
 #44

One thign I am sure that we cannot neglect as crypto enthusiast is the our need to continually be informed and make good decisions, to be a part of a fast growing and information based space like ours(crypto space) does come with a responsibility that all of us must bear for ourselves and that is to seek knowledge.

As members of this community, relying on our past information would be very shortsighted of us especially when
Scammers are continually looking for new ways to compromise our security and get to us, sudden news can happen that can throw traders off balance or even make us holders to miss out on opportunities to buy cause we were ill informed. Just one wrong move, like clicking on a malicious link or ignoring critical news, can have very negative consequences. Also, the right information can lead to significant gains or safeguard your holdings.

It Is important and for our own good that we dopt a culture of continuous learning and upgrading our selves, by staying informed we would not only protect ourselves, but also increase our chances of success, there are countless reasons why making informed decision is good, but action on this solely is our responsibility and only we can make those decisions for ourselves, yes indeed the community is here to help you, but at times before you know it your already and victim. knowledge is power, and it's up to us to harness it for our benefit.

Forgive me, but sometimes I go into topics like this, it feels like I'm not on a forum about bitcoin, but on a forum of philosophers.  Grin Grin Grin
"Whatever you do in this life, you always need to get information, make the right decisions and learn" (Captain Obvious).


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February 17, 2024, 11:57:21 PM
 #45

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.


in today's digital age, you are being exposed to a lot of online resources and it is up to you now how you filter such information for your own consumption. scammers or fraudsters are in different forms and can exist in various faces. as you traverse this life, you will learn a lot on how you can prevent yourself from being a victim of online fraud. one look and you already know the potential threat.

these are just few pointers to always remember when you are navigating over the net or any social media channels -
> don't click unknown links as it is likely a phishing link
> ignore unsolicited offers or PMs
> don't be tempted with mouth-watering rewards or promos
> don't enter personal details to unfamiliar sites
> limit the exposure of yourself to social media
> don't disclose any financial dealings or crypto-related transactions
> safeguard your privacy as much as possible
> always check or update your security settings for laptop, computer or phone

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February 18, 2024, 12:57:56 PM
 #46

One thign I am sure that we cannot neglect as crypto enthusiast is the our need to continually be informed and make good decisions, to be a part of a fast growing and information based space like ours(crypto space) does come with a responsibility that all of us must bear for ourselves and that is to seek knowledge.

As members of this community, relying on our past information would be very shortsighted of us especially when
Scammers are continually looking for new ways to compromise our security and get to us, sudden news can happen that can throw traders off balance or even make us holders to miss out on opportunities to buy cause we were ill informed. Just one wrong move, like clicking on a malicious link or ignoring critical news, can have very negative consequences. Also, the right information can lead to significant gains or safeguard your holdings.

It Is important and for our own good that we dopt a culture of continuous learning and upgrading our selves, by staying informed we would not only protect ourselves, but also increase our chances of success, there are countless reasons why making informed decision is good, but action on this solely is our responsibility and only we can make those decisions for ourselves, yes indeed the community is here to help you, but at times before you know it your already and victim. knowledge is power, and it's up to us to harness it for our benefit.

OP, this community will only help when you are ready to learn, yea scam is every where but I believe people are only scammed when they are interested in the project that the scammer presented, many threads here has helped many of us to avert being scammed, as a bitcoiner, knowledge is a continuous thing and if you refuse to learn the reverse will be the case, people will learn from your mistake and it's bad when this happens, the problem here is that most of us are going hyper instead of learning from the foundation, though the forum knowledge is not enough to guard us, personal research won't be a bad idea, sometimes most think that we know too much why we don't know nothing, for us to know anything we must ask question so that it won't turn to be a disaster at the end.

There are things that I learnt in this community ordinarily I wouldn't have get in touch with such knowledge, though I learnt those stuff by reading through must of out senior men threads and post respectively, I must confess those piece of writing has been helpful to me, I have to state categorical that for one to be a successful bitcoiner he should be ready to make himself available for informations concerning bitcoin and utilize them for good results.

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February 18, 2024, 01:24:55 PM
 #47

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.

Before deciding on something, we really need knowledge about the thing we are going to decide on and it would be better if we first examine the decision we have made, whether it is appropriate for us to apply it to the thing we are going to decide on or not, because without good knowledge In the field that we are going to decide on, it is very unlikely that we will be able to decide on this matter well.

If we use past information as a comparison for the decisions we will take, of course this is very good because we can find out whether we can actually use the decisions we make or not, because with this past information it will make it easier for us to decide things. which we will decide well.
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February 19, 2024, 10:21:21 AM
 #48

One thign I am sure that we cannot neglect as crypto enthusiast is the our need to continually be informed and make good decisions, to be a part of a fast growing and information based space like ours(crypto space) does come with a responsibility that all of us must bear for ourselves and that is to seek knowledge.

As members of this community, relying on our past information would be very shortsighted of us especially when
Scammers are continually looking for new ways to compromise our security and get to us, sudden news can happen that can throw traders off balance or even make us holders to miss out on opportunities to buy cause we were ill informed. Just one wrong move, like clicking on a malicious link or ignoring critical news, can have very negative consequences. Also, the right information can lead to significant gains or safeguard your holdings.

It Is important and for our own good that we dopt a culture of continuous learning and upgrading our selves, by staying informed we would not only protect ourselves, but also increase our chances of success, there are countless reasons why making informed decision is good, but action on this solely is our responsibility and only we can make those decisions for ourselves, yes indeed the community is here to help you, but at times before you know it your already and victim. knowledge is power, and it's up to us to harness it for our benefit.

Forgive me, but sometimes I go into topics like this, it feels like I'm not on a forum about bitcoin, but on a forum of philosophers.  Grin Grin Grin
"Whatever you do in this life, you always need to get information, make the right decisions and learn" (Captain Obvious).

Yeah it's very a obvious fact that we need to still talk about cause when you leave the community and go out there and see the kind of mistakes that people make and how they fall into scams and all kind of very obvious traps you would begin to wonder if people are still this dumb, right now I can say even a 10 year old with access to a verified exchange like Binance can start buying bitcoin and he would know so little about security or even the importance of having a cold wallet to store his crypto, most people would never understand the technical part of bitcoin or it's developed, I've tried telling people what prove of work is all about in bitcoin and you would see the look on their faces, even more discouraged, but it's far easier to teach them to buy and to save their crypto and the right way to invest, theses are the kind of things we teach to newbies cause I think it's even far more important to them as new comers than explaining all the big facts to them, just try explaining UTXOs to a newbie and see what I'm talking about.

So I think making post like this is good even if these are obvious facts to you there is someone here that needs them and would be of much help to them, I only wished the OP hD given some good sources of good information for newbies to back up the topic, and even so I still think the topic to be a good one.

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.

Before deciding on something, we really need knowledge about the thing we are going to decide on and it would be better if we first examine the decision we have made, whether it is appropriate for us to apply it to the thing we are going to decide on or not, because without good knowledge In the field that we are going to decide on, it is very unlikely that we will be able to decide on this matter well.

If we use past information as a comparison for the decisions we will take, of course this is very good because we can find out whether we can actually use the decisions we make or not, because with this past information it will make it easier for us to decide things. which we will decide well.

I guess if OP had put it this way, that expecting past experience to happen in exact same way would be short-sighted and I think he is right cause scammers continue to improve them selves, I know dusting has not been a new strategy to them but I'm just learning about it, and before we would think that reading white papers was a way to detect fraud project but now they are all getting better and probably higher a professional to build the road map and also the business structure and whitepaper.

Using old experience or knowledge is good to help us detect some flaws but it term of making decisions I think we have to be more current in such areas.

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February 19, 2024, 11:44:33 AM
 #49

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.


Exactly! Being in the know and learning all the time isn't just for crypto because it's a life hack. Sure past info is key especially for spotting scams but we also need street smarts to sift through the info overload. It's like having a superpower to navigate life's twists and turns

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February 19, 2024, 02:27:37 PM
 #50

Information is key,and taking responsibility for every information can reduce risk.Generally,staying informed in today's world is deeply essential.The information is already there,access it,utilize it and upgrade yourself since its a lifelong learning process.
 

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February 19, 2024, 04:34:05 PM
 #51

One thign I am sure that we cannot neglect as crypto enthusiast is the our need to continually be informed and make good decisions, to be a part of a fast growing and information based space like ours(crypto space) does come with a responsibility that all of us must bear for ourselves and that is to seek knowledge.

As members of this community, relying on our past information would be very shortsighted of us especially when
Scammers are continually looking for new ways to compromise our security and get to us, sudden news can happen that can throw traders off balance or even make us holders to miss out on opportunities to buy cause we were ill informed. Just one wrong move, like clicking on a malicious link or ignoring critical news, can have very negative consequences. Also, the right information can lead to significant gains or safeguard your holdings.

It Is important and for our own good that we dopt a culture of continuous learning and upgrading our selves, by staying informed we would not only protect ourselves, but also increase our chances of success, there are countless reasons why making informed decision is good, but action on this solely is our responsibility and only we can make those decisions for ourselves, yes indeed the community is here to help you, but at times before you know it your already and victim. knowledge is power, and it's up to us to harness it for our benefit.
More important than being very informed, is being very critical about the information that you receive/gain. It's one thing to be a wet sponge for all the information on the planet that you could acquire. It's another to be very smart about choosing which information to retain and which not to. But how would you do it specifically? Well, you first have to have the innate ability to be utterly skeptical about information you deem suspicious, and even if it doesn't give you the heebie-jeebies, I suggest you still go the extra mile and be very critical about the information in question. You also have to compare and contrast information against different sources, and with that being said receive information not only from a single source to make sure you're not forming biases and creating your opinions and decisions around them.

It's your responsibility to always be on top of what's happening in the crypto scene, but the sense of community that we have in this industry induces people into sharing their best practices and information towards each other. Being very critical and skeptcial about the information that you receive will ensure that you stay well-informed, and you keep misinformation at bay for you and the people you'd share these valuable information with.

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February 19, 2024, 04:38:06 PM
 #52

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.


Exactly! Being in the know and learning all the time isn't just for crypto because it's a life hack. Sure past info is key especially for spotting scams but we also need street smarts to sift through the info overload. It's like having a superpower to navigate life's twists and turns
That's true, Having information or being informative is a powerful tool in any situation. With the right information, you can overcome any obstacle. Just like in your given example, spotting scams will be easy if you know the key factors to look for.

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February 20, 2024, 05:03:23 AM
 #53

Information indeed keeps evolving and one needs to stay updated to have a better understanding of each situation they might face. However, what @Stalker22 said is correct that if one has critical thinking skills and a general understanding of what's happening and if they are always sound about their surroundings and always have a good presence of mind, they can barely get scammed no matter what tactics the scammers try on them.

People that get scammed are often those who are not mentally present when they face such a situation, which is the reason why they do anything a scammer asks them to do instead of thinking why they are getting an offer that is too good to be true from a complete stranger who would get nothing if they benefit?
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February 20, 2024, 08:34:59 AM
 #54

Information indeed keeps evolving and one needs to stay updated to have a better understanding of each situation they might face. However, what @Stalker22 said is correct that if one has critical thinking skills and a general understanding of what's happening and if they are always sound about their surroundings and always have a good presence of mind, they can barely get scammed no matter what tactics the scammers try on them.

People that get scammed are often those who are not mentally present when they face such a situation, which is the reason why they do anything a scammer asks them to do instead of thinking why they are getting an offer that is too good to be true from a complete stranger who would get nothing if they benefit?
Those who lack understanding about investing or trading will certainly be very easily deceived because they never realize that they have been deceived by what they feel is very good for the investment or trading they do, but for those who already have a good understanding of investing or in trading, of course they will think according to the abilities they have and if they feel that it will be detrimental to them, they will of course avoid it, so it is very important for us in deciding something, whether in trading or investing, we must decide based on the knowledge we have because if we just following what is there and not having an understanding of this, of course we will experience losses from the decisions we have made.

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February 20, 2024, 01:39:36 PM
 #55

Being informed and making informed decisions is a good idea not only in crypto space, but in general in life. The same goes for lifelong learning and actively seeking knowledge.
Relying on information about the past is important, though, as that's how we usually learn about types of scams and can try to find general patterns to resist scammers of the future.
To navigate tons of information, we also need strong analytic reasoning and other skills to make sure that we know how to find and assess information.


Exactly! Being in the know and learning all the time isn't just for crypto because it's a life hack. Sure past info is key especially for spotting scams but we also need street smarts to sift through the info overload. It's like having a superpower to navigate life's twists and turns
That's true, Having information or being informative is a powerful tool in any situation. With the right information, you can overcome any obstacle. Just like in your given example, spotting scams will be easy if you know the key factors to look for.
Yes, not only in the crypto space but in every field of work accurate information helps a lot. Without proper information and knowledge investors will not find the right place to invest and it is not possible to prevent scams. Accepting the right information among multiple alternative decisions is a prerequisite for success. Getting correct information is very important in human life. All activities are conducted in the light of correct information decisions. Mistakes in decision making often lead to dire consequences.

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February 20, 2024, 06:55:47 PM
 #56

Ignorance can really be more risky than people think, lack of information can lead to making bad decisions, In the crypto space news of scam never fade away as scammera always target new and ignorant persons, you would see people lose their holdings to phishing links and even simple scam format like taking advantage of their greed to get them to invest in fraudulent websites that offers outrageous profits.

People also make bad decisions in terms how they store their holdings, people still keep their bitcoin in online exchange instead of holding it in cold wallets.

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