Anyone can fall victim to crypto scams

[Son Of Blockchain (SOB)]

 I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim, not only newbie. Well, newbies are their easiest targets cause their ignorance makes them very vulnerable but their are some newbies that are very smart and careful online not to lose money to scammers.
 Although some can easily be fooled online. For instance, someone was scammed through releasing his passphrase, the scammer told him that he'll be gifted free coins but he'll have to drop his passpharse and out of ignorance he released it to the scammers and the rest of his coin in his wallet was history you'll be suprised how easily such person got scammed but think about it greed could play a role to that.
 Maybe the free money he was offered was very huge that he couldn't decline, maybe he might be ignorant but their are people even those with better understanding of the implications of releasing their passphrase that would overlook the implications and release their phrase to the scammer out of greed, everyone just needs to be more careful and avoid being greedy cause many have been scammed due to greed both ignorant and experienced crypto enthusiast.

[_act_]

I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim

I have not been a victim of online scam before.

Although some can easily be fooled online. For instance, someone was scammed through releasing his passphrase, the scammer told him that he'll be gifted free coins but he'll have to drop his passpharse and out of ignorance he released it to the scammers and the rest of his coin in his wallet was history you'll be suprised how easily such person got scammed but think about it greed could play a role to that.

You mean seed phrase and not passphrase. But if you add passphrase to your seed phrase, do not let anyone know both the seed phrase and the passphrase.

[Sanitough]

Greed is the main reason why people fall for scams.

If it were just ignorance, then simply understanding that anything too good to be true is probably a scam would already protect you. When you see red flags, you’d take the time to study the offer, recognize it as a scam, and walk away. But when greed takes over, you don’t bother investigating, you’re too focused on the rewards and in a rush to invest.

So it’s wrong to say that people fall for scams just because they’re newbies. The real reason is greed. In fact, even experienced people get scammed, so being a newbie isn’t really the main factor.

[Ojima-ojo]

I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim, not only newbie. Well, newbies are their easiest targets cause their ignorance makes them very vulnerable but their are some newbies that are very smart and careful online not to lose money to scammers.
 Although some can easily be fooled online. For instance, someone was scammed through releasing his passphrase, the scammer told him that he'll be gifted free coins but he'll have to drop his passpharse and out of ignorance he released it to the scammers and the rest of his coin in his wallet was history you'll be suprised how easily such person got scammed but think about it greed could play a role to that.
 Maybe the free money he was offered was very huge that he couldn't decline, maybe he might be ignorant but their are people even those with better understanding of the implications of releasing their passphrase that would overlook the implications and release their phrase to the scammer out of greed, everyone just needs to be more careful and avoid being greedy cause many have been scammed due to greed both ignorant and experienced crypto enthusiast.

What kind can tell you ks that any wallet scam happens with the concert of the owner since if the wallet is a hot wallet the only way anyone can gain access is when you give out your see phrases and for any scammer no matter how smart they may think they are, it can not work on someone who has prior knowledge about the whole thing?

[cryptomaniac_xxx]

I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim, not only newbie. Well, newbies are their easiest targets cause their ignorance makes them very vulnerable but their are some newbies that are very smart and careful online not to lose money to scammers.

Anyone can fall for it, even those who said that they've been in the market for so long. I still remember someone before, he do a livestream and then someone hacks into his wallet and nothing he can do about it.

Even myself has fallen victims to scam before, I'm not really sure if you guys still remember bitcoin doubler scam, around 2017-2018, that was one of the most scams that was run and many has become a victim.

And as I have said, it's better to be like falling for the scam early on so that you will learn your lessons in the long run and it might benefit us, just saying.

[Rruchi man]

~

If you stay updated on new criminal techniques and methods that scammers use, you will never be a victim to a crypto scam online.

Old information will not be useful against new methods, and people with old information who refuse intimating themselves with new methods scammers use can find themselves victims of crypto scams.

Staying informed is key.

[Son Of Blockchain (SOB)]

I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim, not only newbie. Well, newbies are their easiest targets cause their ignorance makes them very vulnerable but their are some newbies that are very smart and careful online not to lose money to scammers.

Anyone can fall for it, even those who said that they've been in the market for so long. I still remember someone before, he do a livestream and then someone hacks into his wallet and nothing he can do about it.

Even myself has fallen victims to scam before, I'm not really sure if you guys still remember bitcoin doubler scam, around 2017-2018, that was one of the most scams that was run and many has become a victim.

And as I have said, it's better to be like falling for the scam early on so that you will learn your lessons in the long run and it might benefit us, just saying.

It's very good that you've learnt your lesson, you've got an experience therefore I think by now you should be taking precautions so I doesn't repeat itself again, that's the most beautiful part of it all, when you make mistakes and learn from them, scammers are highly intelligent they'll try to capture your mind with different techniques, maybe greed, mess with your emotions or some mind games but someone who's been a victim of scam should be extra careful and know the right way to deal with people with such dubious character.
 The Internet is a place with lots of opportunities likewise a place that could lead to your doom with help of scammers if you're not extra careful over there, their are some informations one should keep confidential and the seed phrase is one of them, it's something that could ruin a crypto holders portfolio if they're carefree about it.

[Truthlovecoins]

The people that are most likely to always get scammed are the greedy ones, that want to just make it at once without doing the work nor putting in the required time by law of God and man.

Crypto scams will be a more difficult thing to fall into if people learn to know the right persons to ask some good questions regarding issues that are confusing or too good to be true type of situations, become more open than close to people who they want as mentor or guide and be more security conscious and watchful and ultimately, strive for better but along the way always be contented, then as said, crypto scams will have been reduced by a huge percentage already.

[BenCodie]

Greed is the main reason why people fall for scams.

If it were just ignorance, then simply understanding that anything too good to be true is probably a scam would already protect you. When you see red flags, you’d take the time to study the offer, recognize it as a scam, and walk away. But when greed takes over, you don’t bother investigating, you’re too focused on the rewards and in a rush to invest.

So it’s wrong to say that people fall for scams just because they’re newbies. The real reason is greed. In fact, even experienced people get scammed, so being a newbie isn’t really the main factor.

The people that are most likely to always get scammed are the greedy ones, that want to just make it at once without doing the work nor putting in the required time by law of God and man.

Crypto scams will be a more difficult thing to fall into if people learn to know the right persons to ask some good questions regarding issues that are confusing or too good to be true type of situations, become more open than close to people who they want as mentor or guide and be more security conscious and watchful and ultimately, strive for better but along the way always be contented, then as said, crypto scams will have been reduced by a huge percentage already.

Interesting take. I do agree that greed usually plays a part in scams that promise some form of extraordinary gain (meme coins that turn out to be rug pulls, get rich quick schemes, and so on) though I don't think that greed is the main reason for being scammed. Naivety and lack of knowledge I believe would be the main reasons - lack of ability to know better, lack of experience and lack of learning.

~

If you stay updated on new criminal techniques and methods that scammers use, you will never be a victim to a crypto scam online.

Old information will not be useful against new methods, and people with old information who refuse intimating themselves with new methods scammers use can find themselves victims of crypto scams.

Staying informed is key.

I agree with this.

Someone who has an up to date understanding of what scams look like and how to avoid them, should be able to avoid them. I don't think someone who knows how to identify scams will still fall for scams out of greed (I hope not anyway!)

[PrivacyG]

Maybe the free money he was offered was very huge that he couldn't decline,

The money was so free and so much that they decided being stupid is worth a try.  The responsibility is right on their shoulders and this is the stupidest way to get scammed.  Thinking you get free money.

I understand there are enough people who would be stupid for a moment and risk it all for a few dollars.  This is why scammers are thriving often, because too many people are able to be stupid and not think for a second out of greed and fantasy land.  All you need to do is be sane for a second and think how the REAL world works.

[Cityhunter34]

As far as I know falling victim is not for everybody, I have come to realized that greed is what actually makes most people to fall victim. However, anyone that normally do the right thing without going for quick profits wouldn't going to fall victim, just like me I have never fall victim before while because I am not good in focusing on quick profits. Once you are egar to get rich quick the possiblity of falling victim would be high, because you wouldn't think of doing research before entering due to the fact that you want quick money without remembering the risks involved.

[DYING_S0UL]

Maybe the free money he was offered was very huge that he couldn't decline,

The money was so free and so much that they decided being stupid is worth a try.  The responsibility is right on their shoulders and this is the stupidest way to get scammed.  Thinking you get free money.

Free money is a myth! If it's too good to be true then it's probably a scam. That's how the real world works and everyone should realize that!

As far as I know falling victim is not for everybody, I have come to realized that greed is what actually makes most people to fall victim. ...snip...

Greed as well as curiosity. That's why people should try to control these two emotions. For me there have been several times where I almost got scammed. But luckily I suppressed my curiosity and the drama ended there. For example, there was this one time, an unknown person from telegram, sent me his seeds, login credential's and everything. Out of curiosity I could have logged in to the platform. Surely nobody would expect a simple login wouldn't do any harm or hack. But I never did that. I blocked the person and the story ended there. If you give them the chances to scam you you'll be scammed for sure. So don't!

[Adams0001]

As far as I know falling victim is not for everybody, I have come to realized that greed is what actually makes most people to fall victim. However, anyone that normally do the right thing without going for quick profits wouldn't going to fall victim, just like me I have never fall victim before while because I am not good in focusing on quick profits. Once you are egar to get rich quick the possiblity of falling victim would be high, because you wouldn't think of doing research before entering due to the fact that you want quick money without remembering the risks involved.

Sure, some people are doing everything right and have not fallen prey yet.  If you are patient enough, you will not become a victim, but will instead have time to study and conduct research on what you are attempting to do.  Anyone who falls victim to cryptocurrency does not really know what to study and, in my opinion, is too lazy to take the time to learn about what they are investing in or trading.  Nothing comes effortlessly, you cannot achieve success unless you have overcome numerous obstacles.  first become you can become rich. Even scammers study the market and plan how to defraud people in order to steal their funds. However, if you understand everything about cryptocurrency, you will never see when they say you should share your private key with anyone, but some newbie will still fall for the victim.

Some are just using knowledgeable person to scam they will deceive him,  that they will give him money in is wallet and confused with money, and they came to market to get rich quickly, so if someone said they will give them money they will be thinking they have get the easy way to achieve there goals, if they share there things to them and later they will be complaining that they scam them, and when you are doing the process you won't ask questions before taking actions. Anything about your privacy if they said you should share it, just know that the person you are dealing with is a scam and you should run from him before you become a victims.

[Judith87403]

Greed is the main reason why people fall for scams.

If it were just ignorance, then simply understanding that anything too good to be true is probably a scam would already protect you. When you see red flags, you’d take the time to study the offer, recognize it as a scam, and walk away. But when greed takes over, you don’t bother investigating, you’re too focused on the rewards and in a rush to invest.

So it’s wrong to say that people fall for scams just because they’re newbies. The real reason is greed. In fact, even experienced people get scammed, so being a newbie isn’t really the main factor.

I wonder why people always capitalize on newbies alone, maybe they think that is only the newbies that easily get scammed in this crypto space. but I want to tell you that most newbies are even smarter than those who claims that they know everything that is going on in this crypto space. However, I think the only way out of this is that we shouldn't be greedy, Because is obvious that greed is the major reason why most people always end up falling a victim for all this crypto scam, this is why it needs to tackled so that we won't end up repeating that  same mistake which other investors made in the past.

[Oshosondy]

I can see that some people are blaming victims of scammers as greed. That is not right at all. They are scammed because of ignorance and lack of experience about scam. Even someone that is greedy can avoid scam if he is not ignorant of the scam and have experience about how to avoid such scam. This is the reason we should always learn about how to avoid scam. I am not saying it is good to be greedy. Greediness is bad.

[KiaKia]

Greed is the main reason why people fall for scams.

If it were just ignorance, then simply understanding that anything too good to be true is probably a scam would already protect you. When you see red flags, you’d take the time to study the offer, recognize it as a scam, and walk away. But when greed takes over, you don’t bother investigating, you’re too focused on the rewards and in a rush to invest.

So it’s wrong to say that people fall for scams just because they’re newbies. The real reason is greed. In fact, even experienced people get scammed, so being a newbie isn’t really the main factor.

Greed, the majority reason why people fall for scams this days, you are right but I have fallen for scam by mistake, there is no greed involved in my own story.

At the time the transaction fee on BTC was very high, there was massive congestion on BTC block chain, so the wallet I was using have no way to adjust the transaction fee.

I then proceed to download another wallet, even after all the knowledge I have about crypto wallet I still make the mistake of downloading a fake wallet app on Play Store, I used the wallet for two weeks with no problem, since I don't leave behind any BTC in the wallet.

On the third week I don't see any reason to move my BTC then later I noticed that my BTC was moved out of the wallet, I learned the hard way,

[Oshosondy]

Greed, the majority reason why people fall for scams this days, you are right but I have fallen for scam by mistake, there is no greed involved in my own story.

Like I have posted before, I do not agree with this. You can read what I posted. The main reason for someone to fall victim to scammers is more because of ignorance, lack of knowledge and experience about the scam. Even if someone is greedy and have the knowledge and experience and not ignorant about the scam, he will avoid it.

[lovesmayfamilis]

Not always will the victims of scammers be greedy people. However, any fraud that implies some profit applies to them. Very often, naive people, those who do not know that in the world not everything that is advertised to us is true, will be a direct target for scammers. Example: elderly people. For them, what is shown on their TV, on the Internet, or maybe in their local newspaper, if there are any, will always be the truth in the first instance. If they see a popular person who offers to invest in their native language, etc., they are unlikely to be overcome by doubts that this person may be an AI doll.
Therefore, of course, knowledge is necessary, as well as caution and understanding that everything that seems very fabulous to you is a fairy tale. If you are skeptical of all offers, you are unlikely to fall into the hands of scammers.

[tabas]

I see people relating crypto scams to newbies only but the honest truth is that scammers feed on people's ignorance, not only that but greed as well, therefore anyone can be a victim, not only newbie. Well, newbies are their easiest targets cause their ignorance makes them very vulnerable

That's right, anyone can be a victim, and we're even seeing that some experienced ones have also been victimized. But I think it's because they're careless. Nonetheless, the newbies are their main targets because they're ignorant and have no idea how these sketchy scams goes around. Having no idea of how it goes makes them the most vulnerable ones. But being educated and aware of these scams will make them flee from it.

but their are some newbies that are very smart and careful online not to lose money to scammers.

It's because they listen and they are doing their research. And that's what everyone needs to do, newbies and not.

[albon]

Greed and ignorance are among humanity’s greatest enemies. Even some investors are not beginners who have fallen into the trap of several meme coins and similar Ponzi schemes and fake exchanges that promise free bonuses upon registration.

All the strategies of the scammers depend on convincing them of huge and quick profits. If they had done their proper research and did not let greed control them, they would have escaped these scams as they would have found many sources which would have helped them.

Also, sharing seed phrases is really the naivest mistake that anyone can make as no one should ever have seen/access to them, and they must be stored securely. However, the scammer may be able to access them by hacking the victim’s device or sending him a malicious link or using phishing tactics.