There are still really a lot of fools when it comes to crypto investment?

[maran.s]

I rarely see or even I have never heard that the victim is much smarter than the scammer, and the point is if there is still at least one person who is fooled then it means that smarter people are still scattered but unfortunately they use their skills to harm others.
On the other hand, as the saying goes, "experience is the best teacher" because experience will give you real knowledge, I understand that of course a beginner cannot have experience, but I think at least they can ask other people about whether something offered by others is fraudulent or not, and I think this is a mandatory action for at least someone to do every time they find new things as a precaution.

And it is also important to use a rational mindset every time you find something new, you are strongly advised to ask for at least some credible evidence and if you feel that it is unreasonable then never get involved or agree to the offer especially in activities involving money.

  For some things, we have other types of more serious problems in this sense. It is not the scam of opportunists in itself that becomes insignificant. Google, for example, Bing or search platforms are negligent in disclosing such scammers, always being able to protect them. Another thing is that, for example, Google's payment system favors those who generate money, even if it is illicit.

So perhaps I see that a personality like Bill Gates is a major actor and executioner behind this process. There may be others, but they are just apprentices of his. No one has ever heard of Bill Gates' theses, the influence of the Teletubbies, etc., in addition to the way he indirectly controls the media. He already has half a generation working for his ideologies and stereotypes without him lifting a finger. And he did this consciously.

This is pure behavioral science, combined with philosophical hermeticism.

This certainly opens many doors for people with bad intentions to do what he needs and still get away with it harmlessly. I ask you. Almost everything we do today depends on Google. Who do you think is actually behind this? For those who are more aware of this system, they know that Gates has a hand in all of this.

I believe that if God allows it, one day we will need to do regression to understand our behavioral triggers and put him in psychopathy books because for some unexplained reason he moves these technologies as he believes he would like the human world to be. Honestly, this is quite complex because I still can't extrapolate in the analysis of his real personality, only by seeing him in person.

There are many behavioral differences between people who use Microsoft and those who found alternatives in other operating systems. Bill Gates almost managed to close the development of Linux, for example, in the 90s and he really is like a digital "emperor".

There are many historical holes and gaps that go unnoticed. Today we have a generation of 15 to 25 years old absorbed in the internet. Those over 25 years old up to 39 are suspicious that something is wrong. Anyone who is over 40 or completely disoriented is either taking advantage of the loopholes he created or trying to get out of it. It's a much bigger game than we can imagine. There would need to be another "Gates" with the antidote to help people get out of the trance and hypnosis experienced by Microsoft's operating system. This is real.

[AmoreJaz]

Some people are not just smart, some people becomes greedy after hearing a very tempting offer regarding the profit they are going to make.

These greedy people missed the opportunity to invest in Bitcoin when it was pretty cheap during the early years, and to make "only" 50% or 100% over a Bitcoin investment initiated nowadays isn't enough for them, so they feel tempted and fascinated by the offers made by scammers through crypto tokens and altcoins. This category of investor wants to turn few hundreds of dollars into many thousands of even millions in very short time periods.

As consequence, they get scammed, because there isn't any reliable methods which ensure that margin of profit on short run. Even Bitcoin demands patience from investors, returning profits only after years in some cases. So, it's not a magical currency to make millionaires overnight.

The fact people nowadays are extremely immediatist also plays a big role in financial matters, triggering anxiety and compulsivity on them, what leads to dumb decisions like investing in hiyps and ponzi schemes.

We can't blame them because the hesitation on this market is real! If people are not well-versed in some aspects, they won't touch it. Hence, they are not interested to get involved up until when they are seeing the prices are skyrocketing in the market. That's when they will try to get their hands on when everyone is already talking.

[mirakal]

I’ll just take the key notes from the news, something like this.

In many cases, this involves convincing victims to invest in virtual currency, or in some cases, over-the-counter foreign exchange schemes, all with the intent of defrauding them of their funds. These scams are largely perpetrated by criminal organizations based in Southeast Asia.

There are still many who fall for these kinds of scams, it really comes down to a lack of knowledge. As they say, it's just easy money or HYIP. Even though regulations are getting tighter, some still manage to slip through, and most of these scams happen in poor countries.

There will always be people who fall for these sorts of scams, especially those who are looking for where and more information on how to invest. Many people are not as informed as you think, and these scams may be very well packaged in a sophisticated manner that it still fools someone who thinks that they know about it.

Even in this forum, someone can be scammed through PM's if they are not cautious about it, that is why newbies are always advised to be careful of the private messages they respond to, the forum is not a social media platform, it is a place for open learning, and for whatever concerns that you have, you could always ask openly for the best engagements.  

As long as there are people who rush into something without prior research and studies, scamming won't definitely be stopped. Scammers are everywhere, and if you are not cautious with what you are doing with regards to money or investments, you'll definitely fall into being scammed. In fact, this is not only for crypto but in different investment opportunities. Where there are poorly knowledgeable people, that's when scams are highly possible.

[passwordnow]

Even with real money, people still become victims of these schemes because they are not aware of how it goes. And that's why lack of awareness is the reason for them to become a victim of these cons. It's kinda harsh to say that there still a lot of fools around in the world but that's a fact. We cannot stop these scammers by just pointing them out but to raise awareness to the communities that we are in so that they will be stopped becoming victims of this. Also, the mindset of people that gets along with a quick return and rich overnight success is what also keeps them falling for these cons.

[Wexnident]

~

Isn't that just par for the course? Scams wouldn't be a thing if people realized that they are scams, and even if people do realize it, scams would simply just evolve again so that people don't assume that it is one. Sometimes it's lack of awareness yes but some others just simply have that much skill when it comes to human engineering. It doesn't help that countering/preventing being manipulated isn't exactly taught to the general public for the most part and is just a to each their own kind of thing.

Aaaand also doesn't help that a lot of people want easy money lol.

[cryptoaddictchie]

Mmm.. that makes sense since this is happening in Asia and in poor countries. They prefer to operate in places where laws aren't strictly enforced, in short, corrupt countries. Sorry to speak badly about my own country, but that’s the reality-corrupt politicians let these kinds of syndicates slip through.

Well dont bother I kinda understand that since I am living too under your the flag youre living. The worst part there is they let it slide for some money. They cant get caught since they are well protected above those who are higher in rank. How can you arrest those criminals if the authority protecting them in ways we cant imagine.

[NewRanger]

Well dont bother I kinda understand that since I am living too under your the flag youre living. The worst part there is they let it slide for some money. They cant get caught since they are well protected above those who are higher in rank. How can you arrest those criminals if the authority protecting them in ways we cant imagine.

The world is indeed crazy now, sir, unless there are those who want to sacrifice and want to go viral with complete evidence in the main media and then get a response from various elements of society. At least a little bit of trouble for them too. The effect is also quite strong for news spreaders. .

[Sebas.tian]

The fraud was clearly carried out by someone who was very good at talking so that everyone who listened would believe the liar's words. At this time, fraud has often occurred and is also often shown on television, we should often watch the news so that we gain knowledge about all kinds of fraud that often occur, one of which is trading and investing in cryptocurrencies. If someone invites you to trade or invest in one of the cryptocurrencies but you don't know the person, it would be better for you to immediately avoid them. If we invest or trade in cryptocurrencies, it is better for us to explore and learn about the cryptocurrency so that we avoid unofficial cryptocurrencies or cryptocurrencies that have no value in the future.

I don't think, it is because the scammers know how to talk very well that made them to succeed, because I notice something that the person don't have the knowledge of the investment that made him to fall victim to their promises. Scammers have different strategies they are using to scam funds from people on the social media and some people has experienced such in this community too, because they where newbies in the community that made them to believed in their conversation but they took the advantage of the conversation to frustrated their effort in the investment. It will be difficult for scammers to scam you when you have the knowledge of cryptocurrency, because it will be easy for you to identify scammers with the knowledge you have achieved.

[Yatsan]

I rarely see or even I have never heard that the victim is much smarter than the scammer, and the point is if there is still at least one person who is fooled then it means that smarter people are still scattered but unfortunately they use their skills to harm others.
On the other hand, as the saying goes, "experience is the best teacher" because experience will give you real knowledge, I understand that of course a beginner cannot have experience, but I think at least they can ask other people about whether something offered by others is fraudulent or not, and I think this is a mandatory action for at least someone to do every time they find new things as a precaution.

And it is also important to use a rational mindset every time you find something new, you are strongly advised to ask for at least some credible evidence and if you feel that it is unreasonable then never get involved or agree to the offer especially in activities involving money.

It is very rare to see or hear that the victim is more intelligent than the scammer. And if there's still one person who's still been deceived It just goes to show that even the smartest people can make mistakes sometimes. This means that people with high skills or high intelligence can still do bad jobs. On the other hand, as people say, "Experience is the best teacher" though not all beginners will have experience. However, they must ask for help from other people and verify if what is being presented is a scam. This is useful for those who may get a new opportunity. Moreover, whenever one acquires a new product, they must remain optimistic about it. It's always of great importance to come out with valid evidence and even make a verification on the correctness of any pronouncement. Especially if there is something to be made from that move. If something doesn't feel right Don't get involved.

The fraud was clearly carried out by someone who was very good at talking so that everyone who listened would believe the liar's words. At this time, fraud has often occurred and is also often shown on television, we should often watch the news so that we gain knowledge about all kinds of fraud that often occur, one of which is trading and investing in cryptocurrencies. If someone invites you to trade or invest in one of the cryptocurrencies but you don't know the person, it would be better for you to immediately avoid them. If we invest or trade in cryptocurrencies, it is better for us to explore and learn about the cryptocurrency so that we avoid unofficial cryptocurrencies or cryptocurrencies that have no value in the future.

I don't think, it is because the scammers know how to talk very well that made them to succeed, because I notice something that the person don't have the knowledge of the investment that made him to fall victim to their promises. Scammers have different strategies they are using to scam funds from people on the social media and some people has experienced such in this community too, because they where newbies in the community that made them to believed in their conversation but they took the advantage of the conversation to frustrated their effort in the investment. It will be difficult for scammers to scam you when you have the knowledge of cryptocurrency, because it will be easy for you to identify scammers with the knowledge you have achieved.

You're absolutely on point as far as the role of science in avoiding deception is concerned. In general here, fraudsters target people without any knowledge of any form of currency or cryptocurrencies. One is then more prone to false promises and deception. However, though consulting in arts may be part of a strategy, lack of knowledge contributes to a person's vulnerability. As we have mentioned above. It is quite crucial to keep abreast of knowledge and training in cryptocurrencies and financial matters. With full knowledge, we can easily identify red flags and avoid fraud. That is why it's important to do your research, seek good advice, and never rush into any investment. Knowledge is truly the best tool against fraud.

Even with real money, people still become victims of these schemes because they are not aware of how it goes. And that's why lack of awareness is the reason for them to become a victim of these cons. It's kinda harsh to say that there still a lot of fools around in the world but that's a fact. We cannot stop these scammers by just pointing them out but to raise awareness to the communities that we are in so that they will be stopped becoming victims of this. Also, the mindset of people that gets along with a quick return and rich overnight success is what also keeps them falling for these cons.

With regard to the role of awareness in preventing fraud, it's a good point. The majority of people fall victims to such techniques on account of a knowledge deficit. Indeed, it is RIDICULOUSLY TRUE that most fraudsters exploit the lack of knowledge. Awareness within our community must be maintained in order to keep these scams at bay. Identification of fraudsters does not put them to a halt. Moreover, Instant returns and overnight success often blur people's understanding of the risks involved. This leaves them even more vulnerable to fraud. Therefore, by improving the education given and by increasing greater awareness, we would help reduce the number of victims further and make it harder for fraudsters to succeed.

[tabas]

There are still really a lot of fools when it comes to crypto investment?

In general, yes.
While the entire crypto market is thriving and more people becoming open and willing to adopt Bitcoin and other crypto investments. The scammers are also adapting to the pace that this industry is doing. And to answer that question, just because we're aware of these scams and everything, it doesn't mean that others know that much of it. That's why we keep on hearing these scam reports left and right whether they are the known scams, the typical, or something new. Even the most common scams to us that are aware of it, you'll never know how many people are still not aware of it and kept unheard and that is because it's not us that are being targeted but them, the uninform.

[Reatim]

There are still many who fall for these kinds of scams, it really comes down to a lack of knowledge. As they say, it's just easy money or HYIP. Even though regulations are getting tighter, some still manage to slip through, and most of these scams happen in poor countries.

It’s probably the lack of awareness regarding crypto and anything technical that makes it easier for these scams to penetrate the system still. Poor countries have really concerning educational crisis that is sometimes evident when it comes to these kind of things. They lack reading comprehension as well as media literacy. How will they avoid getting scammed if they don’t know how to navigate the internet in the first place?

Maybe these people were probably offered a different job at first, but when they got to the actual work, it turned out to be a scam. They probably can’t leave anymore because there’s a big syndicate behind it. The pattern seems familiar, kind of like the scenario with POGO here in the Philippines.

Possibly. In syndicates, it is rarely that only one crime is occurring. Abuses, violence as well as sexual harassment are common. With the POGO scheme in the Philippines, they had women that would attract investors to scam. It wouldn’t be surprising if a lot of them were not willing to do any of what they did.

[stadus]

It happens all the time though, but since crypto has been the latest that criminals have been using, yeah the numbers have been growing in years and there are still individuals that are gullible enough to believe what scammers have been saying and that they are very convince that they will make a lot of money.

But the thing is that in this news, the tycoon has built so much wealth that encompasses crypto.

And who knows, with this bulletin, sooner or later he will get caught and punished by the Cambodian government. Their government is very strict as far as I know so he might not get away with it despite having a lot of money.

It’s very obvious that the growth and popularity of bitcoin in a positive way has been taken advantage by these criminals and they were riding bitcoin all along. And since bitcoin has been famous for its get rich quick agenda, a lot of new investors have been lured and bite their offers without thinking thoroughly that it has become already a too good to be true scheme.

However, there is no smart person when it comes to committing crimes and any form of fraudulence. If you won’t get caught and receive the proper sanction at the current, surely there’s always a time for those criminals to get punished. No one is above the law, regardless of how much wealth you have stored personally.

[MarjorieZimmermanGinger]

There are still many who fall for these kinds of scams, it really comes down to a lack of knowledge. As they say, it's just easy money or HYIP. Even though regulations are getting tighter, some still manage to slip through, and most of these scams happen in poor countries.

Fraud occurs for several reasons and maybe stupidity is one of the reasons we often see. But it is also not uncommon for many people to experience fraud because they are too trusting of promises of large returns and this happens in several countries. For example, like fake investments that promise to be given maximum profits and they don't need to do anything, even though logically this is clearly a fraud, but many people are trapped in it.

Maybe these people were probably offered a different job at first, but when they got to the actual work, it turned out to be a scam. They probably can’t leave anymore because there’s a big syndicate behind it. The pattern seems familiar, kind of like the scenario with POGO here in the Philippines.

Because of the lack of knowledge about the jobs offered, they easily believe it or it could be because of economic problems so they don't care about the fraud and try to do it. If it is done structurally and massive by certain people, this becomes very dangerous when no one is able to verify the truth because they are indeed chasing people who need money to be employed.

I have seen how human trafficking is disguised as a work agreement and most of this happens in poor countries. It looks so sad indeed, but that is the reality because people need money to continue their lives so they don't care what kind of work they have to do even though not all of them are willing to do the job.

[Dewi Aries]

I rarely see or even I have never heard that the victim is much smarter than the scammer, and the point is if there is still at least one person who is fooled then it means that smarter people are still scattered but unfortunately they use their skills to harm others.
On the other hand, as the saying goes, "experience is the best teacher" because experience will give you real knowledge, I understand that of course a beginner cannot have experience, but I think at least they can ask other people about whether something offered by others is fraudulent or not, and I think this is a mandatory action for at least someone to do every time they find new things as a precaution.

And it is also important to use a rational mindset every time you find something new, you are strongly advised to ask for at least some credible evidence and if you feel that it is unreasonable then never get involved or agree to the offer especially in activities involving money.

People fall for scam either because they are greedy or ignorant. Most times it is the former. When greed stops existing in the world, scam will stop being a profitable business. People think scammers use crypto because it is anonymous and it is a easy way to send money from one country to another but I believe the reason why scammers like to scam victims through crypto is because many are ignorant of cryptocurrency. It is easy to scam someone in a business that he/she does not have sufficient knowledge about. Crypto trading, Stocks, Forex and Real Estate are investments that scammers often use to get money from their victims

Yes, what you said is one of the triggers for someone to eventually become a victim of fraud such as greed without being based on knowledge, and usually they are people who want everything instant like money so it is quite easy for them to put their trust when various offers that look tempting come to them.
On the other hand, yes, I also agree with your opinion that one of the reasons perpetrators now use crypto as an intermediary to deceive others is because even though it is now a modern era, there are still some people who really do not have any knowledge about the crypto world which makes it very easy for fraudsters to carry out their missions.

In the end, yes, this is indeed a quite worrying situation, not everyone is interested in learning about the crypto world in order to avoid fraud, because they would not think that minimal knowledge could make them victims of fraud, so I think maybe what they can do is implement various basic precautions.

[yudi09]

-snip-

Still, I think knowledge and experience makes one the more wiser when it comes to cryptocurrency and although Bitcoin is the oldest and safest crypto currency by far reaching till date, there are still other cryptos developed for various reasons and the right knowledge will help one take profit during a pump or dump as long as there's enough cash to take the risk.

We do not rule out knowledge as the main capital in doing anything but Bitcoin with crypto must be differentiated and it is based on knowledge. If knowledge is put forward then the difference between Bitcoin and crypto will be found with a wise answer too.
Crypto can easily be scammed by perpetrators, while Bitcoin is not. Bitcoin is risky but the risks involved in Bitcoin with crypto are very different.

One can be a fool for long because of the absence of resources to gain the right expertise and that's one reason why Bitcoin being more publicized and more invested in remains the easiest crypto currency option to invest in with much guidance coming from this forum and from those who understand the investment strategies to apply for long term profit.

Investing in Bitcoin has proven to be safe over the years despite the fluctuating prices. But Bitcoin is not just a price. Bitcoin that we have recognized has other things like value. Regarding profit, Bitcoin can be profitable periodically by investors so that large companies in the world and even governments make Bitcoin a long-term investment asset.

[mamesso]

There are still really a lot of fools when it comes to crypto investment?

Those who are deceived are not fools, but greedy people who want to gain big profits in an easy way. They forget that money doesn't just fall from the sky, but because they are lazy to look for information or analyze, it is so easy for fraudsters to steal their funds.

There are still many who fall for these kinds of scams, it really comes down to a lack of knowledge.

People with minimal knowledge will be very easily deceived, not only in the crypto industry, they also often become victims of fraudulent investments, loans with high interest rates or other systems mobilized by the government. In fact, crypto investment has never been difficult for anyone, as long as people are willing to follow the flow in the right way, investors will be safe from various attacks that can harm them.

High risk high return, this is the key. If you don't want to get caught in a bigger risk, then consider everything before investing by doing a thorough analysis of the coin or project you want to invest in.

[Dr.Bitcoin_Strange]

Some people are not just smart, some people becomes greedy after hearing a very tempting offer regarding the profit they are going to make.

These greedy people missed the opportunity to invest in Bitcoin when it was pretty cheap during the early years, and to make "only" 50% or 100% over a Bitcoin investment initiated nowadays isn't enough for them, so they feel tempted and fascinated by the offers made by scammers through crypto tokens and altcoins. This category of investor wants to turn few hundreds of dollars into many thousands of even millions in very short time periods.

As consequence, they get scammed, because there isn't any reliable methods which ensure that margin of profit on short run. Even Bitcoin demands patience from investors, returning profits only after years in some cases. So, it's not a magical currency to make millionaires overnight.

The fact people nowadays are extremely immediatist also plays a big role in financial matters, triggering anxiety and compulsivity on them, what leads to dumb decisions like investing in hiyps and ponzi schemes.

It's not just greed that leads some people into becoming victims, having a zero knowledge about cryptocurrencies can also be a cause which some people have become victim to scammers. When you don't have knowledge about something, you can easily be convinced and end up losing your money.

Even in a real genuine crypto investment, people lose money because of their lack of good crypto knowledge.  There's this man, who used almost all his business capital to invest into Bitcoin, thinking that the price can just pump and he will sell and get back his money and some profit, but unfortunately, the market turned against him and when he couldn't bear it, he sold at lose. That's what lack of good investment knowledge can cause.

[Oluwa-btc]

Another news again about crypto scams or fraud. According to the report:

I’ll just take the key notes from the news, something like this.

In many cases, this involves convincing victims to invest in virtual currency, or in some cases, over-the-counter foreign exchange schemes, all with the intent of defrauding them of their funds. These scams are largely perpetrated by criminal organizations based in Southeast Asia.

Often times so many people fall victims of this circumstances, it's not like they are to be blame for their predicament but that's what you get when you don't really know how to go about crypto investment and what you get is losses or being scammed which is more frustrating than anything else.

Weeks back a friend of mine was kinda depressed and we had a conversation he was actually saying he doesn't know what's wrong with him, then I look for ways to get what the matter was but it was just few days ago he told me that he's having losses in his trading and he's making him depressed and frustrated like right now he doesn't know what to do.So I asked him the necessary questions if he knows about the strategies to crypto trade and other aspects but his reply wasn't vivid and sound so I think it's not by becoming fool out of this but going into crypto investment needs technically know how and  to safeguard it as well to stay away from fraud.

[Ultegra134]

It’s very obvious that the growth and popularity of bitcoin in a positive way has been taken advantage by these criminals and they were riding bitcoin all along. And since bitcoin has been famous for its get rich quick agenda, a lot of new investors have been lured and bite their offers without thinking thoroughly that it has become already a too good to be true scheme.

However, there is no smart person when it comes to committing crimes and any form of fraudulence. If you won’t get caught and receive the proper sanction at the current, surely there’s always a time for those criminals to get punished. No one is above the law, regardless of how much wealth you have stored personally.

This has nothing to do with Bitcoin and its emerging popularity. We're acting surprised because someone is using cryptocurrencies for what they are—currencies that you can conduct transactions with, some fully anonymously, some pseudo-anonymously, but still discreetly with minimal risk of ever being found. Scams always existed; it's just that some have pivoted into accepting cryptocurrencies for their own security. In the past, Western Union payments were extremely popular among the scammers, and it's still a method they choose nowadays as well, along with giftcards of major corporations, such as Amazon.

Unfortunately, people are easily fooled; social media is filled with so-called entrepreneurs on HYIP or MLM scamming platforms that can make the average person working a 9-5 job feel inadequate.

[Ziskinberg]

There are still many who fall for these kinds of scams, it really comes down to a lack of knowledge.

Forget Crypto, People without knowledge are getting scammed in the old banking system every single day. Credit Card Scams, Loan Scams, and what not.

Hmm, TBH in such cases most of the time information is obfuscated. Still, these days when we go the banks or any other financial institute while availing any service they provide a 5 to 6 pages manual with some information written in this kind of format and honestly 99% people don't read the full manual as who cares. They actually hide information in between that complex text.

But the banking industry is regulated by the government, so there's less risk because they won’t include anything illegal or below industry standard rates like penalties or interest in our loan or credit card agreements. You’re right, we don’t always read all the details because of how lengthy they are, but banking is fundamentally a trust business, so we have to rely on that trust.

As far as cybercrime is concerned such kinds of groups target innocent users in the name of easy money and needy people get trapped and then they trap them into such systems and then use blackmailing to promote and work for them otherwise they threaten their social life.

As they say, there’s no scammer if there are no victims. If people can’t educate themselves, then government intervention is needed, and that should be possible if the government weren’t so corrupt but in the case of poor countries, most of them, we know corruption is rampant like it has become a normal thing.