Anyone can fall victim to crypto scams

[Sticky Bomb]

Anyone is vulnerable to being scammed, it depends on the level of knowledge between the scammer and the victim. No one of us is a bag of knowledge, don't also expect to be smarter than everyone, so the little way of avoiding scams is always being conscious about interactions around non mutual conversations. It is best not to disclose what you have, especially finance, once it gets to financially oversized offers just be careful because scammers give the most constructive and polite interactions.

One thing that is obvious and concerning is that just like technology experiences upgrades, scammers are constantly upgrading their crafts. It's no longer when they use obvious means to launch at people, more, even some scam activities looks more real than legitimate ones.

I stumbled on a guy claiming to have a software that scans the Blockchain for lost wallets that had coins in them. If not that I've learned that Blockchain ledger contain transactions records and not wallets recovery seed phrases, I would've fallen for the trap that the scammer can search the Blockchain and retrieve seed phrases of lost wallets and access the coins in it. I would've paid him subscription if $300 to give me the software

[Obim34]

Anyone is vulnerable to being scammed, it depends on the level of knowledge between the scammer and the victim. No one of us is a bag of knowledge, don't also expect to be smarter than everyone, so the little way of avoiding scams is always being conscious about interactions around non mutual conversations. It is best not to disclose what you have, especially finance, once it gets to financially oversized offers just be careful because scammers give the most constructive and polite interactions.

One thing that is obvious and concerning is that just like technology experiences upgrades, scammers are constantly upgrading their crafts. It's no longer when they use obvious means to launch at people, more, even some scam activities looks more real than legitimate ones.

I stumbled on a guy claiming to have a software that scans the Blockchain for lost wallets that had coins in them. If not that I've learned that Blockchain ledger contain transactions records and not wallets recovery seed phrases, I would've fallen for the trap that the scammer can search the Blockchain and retrieve seed phrases of lost wallets and access the coins in it. I would've paid him subscription if $300 to give me the software

Aside from using phishing sites, scams by peaking conversations can be altered before it happen. To be safe, we should be quick to criticize when conversations are not following pattern, most victims are greedy to the extent of accepting offers as claimed by scammers, usually big and promising. Strangers are not ready to give out what gives them sufficient amount of money, they want to feed on victims greed and ignorance.

If he had the software and knew how to use it, why didn't he scan hundreds of wallets with lost coins and retrieve every piece of it, he should be making more gathering the wallets than selling the software to you for $300, certain suggestions from scammers are likely interpretable even with common reasoning and no Bitcoin knowledge.

[Derekfunds]

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.

Greed and ignorant are the main reasons while people fall victim to scam. When you have that urge of making money too quick whatever offer you see would attract you to make a try of making money. When people also fails to make research on things they know nothing about but too quick to give a try t see if it will work they will always end up into scam. There are newbies that have never been scammed before this is because they are not greedy and they pay so much attention to things just not to make mistakes.

You are absolutely correct, greed is the major thing that make people get scammed most times, I have a friend that always like taking risk and then there is this Ponzi scheme that came out some years ago, this my guy has been making profit from the Ponzi scheme and what he was doing was that any profit he makes, he will invest back all and then it get to a points where they where changing the withdrawal criteria and this my guy still went to invest everything at the end of the day the admin lock the group and they were not reachable again and this my guy invested over $1k he made from the Ponzi scheme, simply because he wants more.

[CryptSafe]

Scam can come in any form which one who is not informed would likely fall for it. So far, I have been up and doing in noting new scams and happenings in the Crypto space so I do not think I will fall so easily for scam again. Although some people do fall for scam as a result of their ignorance and greed to get more than they bargained for and as a result of this they lose what they already got.

Indeed anyone can fall for scam. Of lately, news has it that the ripple founder was scammed of his assets years ago which he kept a secret till the sec of lately made it public and that was how the Crypto community got to know about it. Maybe he made a mistake which resulted to him losing his assets to scammers which I believe he wasn't comfortable to talk about it publicly and that made it obvious what happened.

A man of such experience in the industry should be the least to fall for scam but it happened to him which should serve as a teacher and lesson to every crypto enthusiast that anyone can fall for scam and that we need to be very careful with our engagement with people online when it comes to finance and handling of sensitive information and data.

[Judith87403]

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.

Greed and ignorant are the main reasons while people fall victim to scam. When you have that urge of making money too quick whatever offer you see would attract you to make a try of making money. When people also fails to make research on things they know nothing about but too quick to give a try t see if it will work they will always end up into scam. There are newbies that have never been scammed before this is because they are not greedy and they pay so much attention to things just not to make mistakes.

You are absolutely correct, greed is the major thing that make people get scammed most times, I have a friend that always like taking risk and then there is this Ponzi scheme that came out some years ago, this my guy has been making profit from the Ponzi scheme and what he was doing was that any profit he makes, he will invest back all and then it get to a points where they where changing the withdrawal criteria and this my guy still went to invest everything at the end of the day the admin lock the group and they were not reachable again and this my guy invested over $1k he made from the Ponzi scheme, simply because he wants more.

Is obvious that most of this scamming cases we have being hearing in this forum both outside the forum all happens as a result of being greed, just like as you said about your friend who got scammed. Of course that's how most of this ponzi scheme works, I also remembered when a friend ask me to join one of those Ponzi scheme. Even before he introduced me to that platform I have already saw it in the media, then I tried to convince him that the project happens to be scam he refused just because he have tested the profit. And guess what happened......the guy later lose all his money both his profit everything just vanish as a result of over aiming.

[nakamura12]

Greed is the main reason why there are still people who fall to a scam even though they know that are a lot of scammers. Since there are a very few things that are free where you really get money and as a result that person become greedy and will find another the same thing until he/she falls to a person who is a scammer. If a person is not greedy then he/she won't fall to a scam or even get interested in free coins. My journey in crypto, if there's something that let you get free coins is that there's always a task that you should complete and there's no task that asked you to give seed phrase as it is completely scam.

[Mpamaegbu]

~snipped~

Yep, that's right, Mate!!!
Sometimes ignorance can also cause you to be scammed. because when a person is taken hostage by a scammer despite not being greedy, it shows that it is not about being greedy. despite lack of knowledge If a person does not fully understand, then it is certain that he can become a toy in the hands of a scammer.

I think if someone is taken hostage by scammers and their crypto assets made away with under duress, we can't categorically say it's ignorance until we ascertain how what happened happened. It could be something that isn't the victim's fault. It could be a case of the victim being at the wrong place when the kidnappers struck and got those around in their net. However, if what led to the hostage situation was from the victim because of their loud mouth of how much cryptos they've or how rich they're, then it's ignorance. It's ignorance because financial dealings are treated with certain level of secrecy and privacy.

[qwertyup23]

Anyone can be a victim of a cryptocurrency scam whether you are a beginner or not. It takes one single mistake for a person to fall to the traps of scammers and that mistake can cost your entire cryptocurrency investment.

Due to a variety of reasons, almost all cryptocurrency veterans and investors recommend getting a hardware wallet to store all of your cryptocurrencies. If you keep and store them at your designate exchange which you downloaded from the appstore or playstore, this increases the risk of it being hacked or scam. Heck, even major cryptocurrency exchanges have been hacked multiple times over the years.

Also, it is very important to report any kind or type of scam in this forum for awareness. As our technology improves, scammers are also developing ways of creating fake websites, etc. to feed on the gullible minds of newbies.

[Bushdark]

Anyone can be a victim of a cryptocurrency scam whether you are a beginner or not. It takes one single mistake for a person to fall to the traps of scammers and that mistake can cost your entire cryptocurrency investment.

Due to a variety of reasons, almost all cryptocurrency veterans and investors recommend getting a hardware wallet to store all of your cryptocurrencies. If you keep and store them at your designate exchange which you downloaded from the appstore or playstore, this increases the risk of it being hacked or scam. Heck, even major cryptocurrency exchanges have been hacked multiple times over the years.

Also, it is very important to report any kind or type of scam in this forum for awareness. As our technology improves, scammers are also developing ways of creating fake websites, etc. to feed on the gullible minds of newbies.

You are right which is why we have been seeing some exchanges getting hacked not because they don't have a sophisticated security system but because of a minor mistakes. We are humans and we tend to make mistakes which is why we have am been seeing so many things happening in the market. Majority of cryptocurrency holders need to watch their security and improve it so silly mistakes don't happen that could cause a huge loses. Falling victim to scammers is something that had been happening for many years now and for the fact that it has not happened to us doesn't mean that we have very smart and have good security consciousness.

[puloweh555]

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.

Fraudsters exist because there are greedy people. That's the point

Almost all victims of fraud are due to greed and ignorance. These two things will be the main weapons for fraudsters in carrying out their actions, having knowledge alone is not enough if you can't control greed so that's the main factor for fraudsters in finding their victims.

In addition, there are also consequences of their own negligence so they think they were deceived when in fact it was their own fault. I once read the story of a trader on social media about losing a lot of money in crypto because he sent the wrong address and what he sent to the fraudster's address. So he told the initial chronology, he lost a lot of money in crypto just because he copy-pasted the address from the transaction history.

He intended to transfer as usual, but it turned out that the address was fake and almost similar. This is because the fraudster sent crypto coins to many wallets, including the victim's wallet. Of course the reason is that the fraudster wanted the fraudster's address to appear in the victim's transaction history. When the victim wanted to transfer as usual, he just copied and pasted from the previous transaction history and the fraudster's address was selected. This may be a trivial matter, but we need to be aware of it, especially if our wallet often makes transactions with airdrops, it will be very dangerous and we need to be aware of it.

[Rockstarguy]

Greed is the main reason why there are still people who fall to a scam even though they know that are a lot of scammers. Since there are a very few things that are free where you really get money and as a result that person become greedy and will find another the same thing until he/she falls to a person who is a scammer. If a person is not greedy then he/she won't fall to a scam or even get interested in free coins. My journey in crypto, if there's something that let you get free coins is that there's always a task that you should complete and there's no task that asked you to give seed phrase as it is completely scam.

Some people are very aware of scam but they are not very convinced that they can be scammed, they prefer to follow up on something they feel it can generate money for them and at the end of it they for victim of scam. So far as you still believe that money can be made for free with working for it, then it is possible that you can end up to be scam victim. Greed and lack of understanding is the main reason why people normally for victim. 

For one not to fall into scam their is needs for one to understand  how money works and being achieved,  if you understand that their is no free money,  their is no way you can easily for scam.

[Gozie51]

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.

Truth be told, getting scammed (whether online or offline) isn't a newbie error though they're mostly hit. Besides greed and  ignorance as factors that can expose one to getting scammed, there's also mistake. Sometimes, one can be knowledgeable, not greedy but still fall prey to scammers. That's where mistake comes in.

I blindly submitted it, not knowing why, it was late at night and I was tired, not really an excuse but I still don't know how and why I proceeded.

This is why I like to approach my financial dealings majestically. If I'm tired and dizzy, I tend to skip that until when I've a clear head. Before I came to that resolution, I goofed a few times and learnt valuable lesson from that which formed my stance today.

Lets hope that honest mistake doesn't cost us regret because there are times we force ourselve to get to do a financial transaction in a haste especially sending out money. Money that is sent wrongly to a stranger may not come back except such person is a God fearing fellow but if it gets to the account of greedy people, it is gone. So sometimes like you said, if we fagged that, the best thing to do is to rest our head and continue when we are energetic.

However, we also should know that one of the ways that scammers get people is to hasten the victim up. They make things look urgent so that you won't have time to think through what is about to happen.

[YOSHIE]

Anyone can fall victim to crypto scams

That is the importance of beginners must be careful and careful if they are involved in the world of crypto, we all understand that social media is currently the target for fraudsters to start the action.

General Actions Their Investment and Crypto Trading Section, because they know that many beginners are unfamiliar with how crypto works, do not be surprised if beginners are not careful and careful to enter their traps and end up losing their assets or money.

So before being trapped in a circle of fraud in the Crypto world, if there is information that is of information about the benefits or the like, first ask the closest people who understand the workings of Crypto, do not directly Take action or decisions, investigate in advance whether it is true or not, with us considering we will survive various fraud.

[ndutndut]

Anyone can fall victim to crypto scams

That is the importance of beginners must be careful and careful if they are involved in the world of crypto, we all understand that social media is currently the target for fraudsters to start the action.

General Actions Their Investment and Crypto Trading Section, because they know that many beginners are unfamiliar with how crypto works, do not be surprised if beginners are not careful and careful to enter their traps and end up losing their assets or money.

So before being trapped in a circle of fraud in the Crypto world, if there is information that is of information about the benefits or the like, first ask the closest people who understand the workings of Crypto, do not directly Take action or decisions, investigate in advance whether it is true or not, with us considering we will survive various fraud.

Fraud can happen to anyone who is not careful when entering the crypto world, especially if they are greedy, so it's not just beginners. The more sophisticated the technology, the smarter the fraudsters are in finding their victims, anyone who enters the crypto world is very important to continue to be careful in seeing things, both when joining a particular project or when clicking on messages from emails or so on.

In addition to what you have explained, to avoid crypto fraudsters we must have a community, such as in this forum or in a group. This is important if there is something important or something that makes us suspicious, we can ask our friends. Asking is something that must be in everyone who enters the crypto world, so don't pretend to know everything because the crypto world is very cruel to those who don't seek information.

[RockBell]

One thing that is obvious and concerning is that just like technology experiences upgrades, scammers are constantly upgrading their crafts. It's no longer when they use obvious means to launch at people, more, even some scam activities looks more real than legitimate ones.

and some experience people are getting from scammers is now a high level shit that people can not even imagine since people are becoming smarter that that they start cloning websites that will compromise the security of your wallet and they are doing everything possible just to make a means and if this knowledge can be channeled into upgrading the system it will be better, but they will rather use it to steal from people.

I stumbled on a guy claiming to have a software that scans the Blockchain for lost wallets that had coins in them. If not that I've learned that Blockchain ledger contain transactions records and not wallets recovery seed phrases, I would've fallen for the trap that the scammer can search the Blockchain and retrieve seed phrases of lost wallets and access the coins in it. I would've paid him subscription if $300 to give me the software

And these guys are always looking for ways to steal because why on earth does it think that the information is useful to you because what is the relevance, and it was luck that you were knowledgeable enough he would have wanted to take advantage of you, using the software, I just fucking hate does guys because of the kind of pain they are putting people through stealing what they did not work for and that is very bad and once cut they should be judged by the law.

[Kristiyana]

One thing that is obvious and concerning is that just like technology experiences upgrades, scammers are constantly upgrading their crafts. It's no longer when they use obvious means to launch at people, more, even some scam activities looks more real than legitimate ones.

and some experience people are getting from scammers is now a high level shit that people can not even imagine since people are becoming smarter that that they start cloning websites that will compromise the security of your wallet and they are doing everything possible just to make a means and if this knowledge can be channeled into upgrading the system it will be better, but they will rather use it to steal from people.

I stumbled on a guy claiming to have a software that scans the Blockchain for lost wallets that had coins in them. If not that I've learned that Blockchain ledger contain transactions records and not wallets recovery seed phrases, I would've fallen for the trap that the scammer can search the Blockchain and retrieve seed phrases of lost wallets and access the coins in it. I would've paid him subscription if $300 to give me the software

And these guys are always looking for ways to steal because why on earth does it think that the information is useful to you because what is the relevance, and it was luck that you were knowledgeable enough he would have wanted to take advantage of you, using the software, I just fucking hate does guys because of the kind of pain they are putting people through stealing what they did not work for and that is very bad and once cut they should be judged by the law.

You know if you're not greed definitely you won't find yourself in their midst, because once you're contented with what you have definitely you can not be moved by any offer. Because is only when we are trying to get something bigger or even looking for sites that sell their stuffs in lower amount, I think this are the few things that can easily make one to become a victim to scammers. Though most people may not get scammed through this process, it could be through online dating maybe when you finally become a friend to the person at some point he/she will start telling you about crypto trading or bitcoin investment. This is why we need to be extremely careful because those  scammers has too many strategies of getting what they want.

[Ishicryptic]

Anyone can be a victim of a cryptocurrency scam whether you are a beginner or not. It takes one single mistake for a person to fall to the traps of scammers and that mistake can cost your entire cryptocurrency investment.

Due to a variety of reasons, almost all cryptocurrency veterans and investors recommend getting a hardware wallet to store all of your cryptocurrencies. If you keep and store them at your designate exchange which you downloaded from the appstore or playstore, this increases the risk of it being hacked or scam. Heck, even major cryptocurrency exchanges have been hacked multiple times over the years.

Also, it is very important to report any kind or type of scam in this forum for awareness. As our technology improves, scammers are also developing ways of creating fake websites, etc. to feed on the gullible minds of newbies.

You are right which is why we have been seeing some exchanges getting hacked not because they don't have a sophisticated security system but because of a minor mistakes. We are humans and we tend to make mistakes which is why we have am been seeing so many things happening in the market. Majority of cryptocurrency holders need to watch their security and improve it so silly mistakes don't happen that could cause a huge loses. Falling victim to scammers is something that had been happening for many years now and for the fact that it has not happened to us doesn't mean that we have very smart and have good security consciousness.

It's very true, nobody is immune to scams and hacks, it doesn't matter if you are a newbie or experienced person, all it takes is a simple mistake or greed to become a victim so it is very important to be very careful, vigilant and be updated about their latest schemes to steal from victims. I think that more people are scammed than hacked and they are mostly newbies because you will always see too good to be true offers on social media sites, the scammers will promise you huge returns on a short term and greedy ignorant people will fall for it. We also see many seminars on how to make quick money in crypto but you have to register first, and your money will be wasted in the end. We should also beware of hackers, if exchanges with all their layers of security can be hacked that means that we can too, so we should be conscious of what we click online to avoid being victims.

[Bushdark]

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.

Truth be told, getting scammed (whether online or offline) isn't a newbie error though they're mostly hit. Besides greed and  ignorance as factors that can expose one to getting scammed, there's also mistake. Sometimes, one can be knowledgeable, not greedy but still fall prey to scammers. That's where mistake comes in.

I blindly submitted it, not knowing why, it was late at night and I was tired, not really an excuse but I still don't know how and why I proceeded.

This is why I like to approach my financial dealings majestically. If I'm tired and dizzy, I tend to skip that until when I've a clear head. Before I came to that resolution, I goofed a few times and learnt valuable lesson from that which formed my stance today.

Lets hope that honest mistake doesn't cost us regret because there are times we force ourselve to get to do a financial transaction in a haste especially sending out money. Money that is sent wrongly to a stranger may not come back except such person is a God fearing fellow but if it gets to the account of greedy people, it is gone. So sometimes like you said, if we fagged that, the best thing to do is to rest our head and continue when we are energetic.

However, we also should know that one of the ways that scammers get people is to hasten the victim up. They make things look urgent so that you won't have time to think through what is about to happen.

I have heard someone discussing that they got fund from unknown wallet which they are still skeptical till today.
This may be a big mistakes from the sender which has gone to another person's account. Sometimes such person might decide to leave the money there until they find the right owner, maybe if it's from someone they could know. In this casesome person will rather use the money and flex it since it's a free money. Any mistake made in cryptocurrency transactions should be seen as gone because there is no way such kind of money could be gotten or traced to the actual person the fund went to.

[Su-asa]

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.

However greedy people easily get scammed because they want everything they can't afford. Although the way the guy from your content was scammed is easy because not everyone will become a victim in this kind of scam. Might be that the person you talking about is a newbie in the crypto space. Although you are right because some newbies can not become a victim on the Internet cause they are very careful if it has to do with money.

[Botnake]

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.

Now the problem is, anyone can be greedy, even the most experienced ones. That’s why all of us can be prone to scams if we cannot recognized it early. Aside from having sufficient knowledge and experience, discipline plays a vital role when it comes to getting rid of scams. If one lacks the discipline and emotional control, greed can easy developed which will lead him to where scam is.