How can Nigerian learn Bitcoin without falling for Ponzi Schemes.

[Johnlomape]

The best way to learn about Bitcoin without falling into ponzi schemes is learning from the right sources, bitcointalk is one of the best forums to learn everything there is to know about cryptocurrency not just bitcoin alone. There are people that have invested wrongly in bitcoin and ended up getting scammed in the process because they didn't take out their time to learn properly and get their informations from the  right sources.

We are no more in the era of cryptocurrency ponzi scheme and that is why it will be very hard for anyone to fall into any ponzi scheme except they are greedy. There are greedy people that will not control their urge to make money and those are the kind of people that often become a victims of ponzi since they are always looking for how to make money by any means possible.
Back the in 2017 to 2021 was when ponzi was raining and their was so many websites that are promising people of giving them multiple of what they have invested in Bitcoin before the platform will crash and many will lose their money.

[Antotena]

We are no more in the era of cryptocurrency ponzi scheme and that is why it will be very hard for anyone to fall into any ponzi scheme except they are greedy. There are greedy people that will not control their urge to make money and those are the kind of people that often become a victims of ponzi since they are always looking for how to make money by any means possible.
Back the in 2017 to 2021 was when ponzi was raining and their was so many websites that are promising people of giving them multiple of what they have invested in Bitcoin before the platform will crash and many will lose their money.

Don't think that everyone will be smart like you. There are some people that will see a ponzi scheme and the first thing they will do is to put all their hard earned money inside. Let me tell you something, there is at least 2 scams of ponzi scheme that just crashed in Nigeria and you know what's funny about it, they hide it from the public, they don't speak out as if they are in a secret court until the platform doesn't pay again, that is when you see people cry about their investment.

There are some people that will remain gullible for all they care because they don't act like normal human beings. Some people love referring other people to bad place, you will never see them refer people to good place.

[Sonia_123]

In other for you to avoid ponzi scheme and learn the real bitcoin without mistakes avoid any investment that require your funds before starting as you can see starting up bitcoin investment requires patience and time to grow because most Ponzi schemes will tell you that your huge reward is within a short period of time , also learn how to do things by yourself without someone doing for you always, avoid very huge rewards like 95%-100% gain.

In learning bitcoin you must make research and read so that you know what to do at the right time and not someone telling you what to do.

As a newbie ones introduced to Bitcoin avoid other coins they are shitcoins that has nothing to offer but disappointment therefore focus only on bitcoin and how to make your bitcoin investment journey great and successful, the dca strategy remains the best for newbies to start accumulation and holding .

[Oyoyoma_yu]

I believe that the quest for quick money is the reason why some of us fall for scammers, there are different ways one or an investor can fall for this scams. In the Internet, there are many platforms who flaunt themselves as genue Bitcoin platforms, and also pretend to be running a good business with fake promises. But here this, when someone is asking you to invest in a particular platform so that you can be getting good money from Bitcoin in a short period of time , you have to avoid investing in such platform. However, it is necessary to know that ponzi scheme is not a good investment, because you keep your fund in the hands  of someone, and they run away when they get their targeted number. We should avoid investing money outside cryptocurrency wallet where only you can get access to it.

[PhilosopherKing]

Don't think that everyone will be smart like you. There are some people that will see a ponzi scheme and the first thing they will do is to put all their hard earned money inside. Let me tell you something, there is at least 2 scams of ponzi scheme that just crashed in Nigeria and you know what's funny about it, they hide it from the public, they don't speak out as if they are in a secret court until the platform doesn't pay again, that is when you see people cry about their investment.

There are some people that will remain gullible for all they care because they don't act like normal human beings. Some people love referring other people to bad place, you will never see them refer people to good place.

Lol This is why it is not a good idea to just trust someone blindly. Yes I know that a person can be a beginner and have little knowledge about things. But c'mon they have a brain at least that they can use to think and get things figured out. Being a beginner should never be an excuse not to research about things. Informations are not scattered around online and just with a few scrolls and touches in your phone, the person can navigate the Internet and social media to see what others are commenting about the coin that you are being told to invest in.

If you can't find a comprehensive answer, the person can come up here and ask questions about the website if it is crypto related, and there will always be person available here that will able to help letting you in on what you need to know. Research is very important.

[Different patterns]

We are no more in the era of cryptocurrency ponzi scheme and that is why it will be very hard for anyone to fall into any ponzi scheme except they are greedy. There are greedy people that will not control their urge to make money and those are the kind of people that often become a victims of ponzi since they are always looking for how to make money by any means possible.
Back the in 2017 to 2021 was when ponzi was raining and their was so many websites that are promising people of giving them multiple of what they have invested in Bitcoin before the platform will crash and many will lose their money.

Don't think that everyone will be smart like you. There are some people that will see a ponzi scheme and the first thing they will do is to put all their hard earned money inside. Let me tell you something, there is at least 2 scams of ponzi scheme that just crashed in Nigeria and you know what's funny about it, they hide it from the public, they don't speak out as if they are in a secret court until the platform doesn't pay again, that is when you see people cry about their investment.

There are some people that will remain gullible for all they care because they don't act like normal human beings. Some people love referring other people to bad place, you will never see them refer people to good place.

There’s nothing to deny from your statement, one thing about we Nigerian, we are smart enough to know what is scam and real. But we keep our smartness aside and do what our mind tell us to do. It has been long wey people dey always fall victim of scam, we always see and even if we don’t see, we hear about scam, but let me just say greedy and let me try my luck that’s what make someone people fall for victim. Furthermore, people can still learn bitcoin without fall for any Ponzi scheme, it very simple, you can learn by asking questions from the person who you think knows much better than you, if you are member of this forum, here is enough for person to understand bitcoin more better, without you falling for scam.

[Olotu20]

Newbies should first all of know what Bitcoin investment is and how it works. This is very important as it will help them to learn more concerning Bitcoin. The first question that should come to your mind is that, is the newbie that wants to learn about investment concerning Bitcoin willingness to be patient enough to learn and understand what investing in Bitcoin truely is before investing. If yes then the important point that is needed in situations like this is personal self development. Bitcoin investment too is just like any other thing that we don't know in life, for you to actually know and understand any you have interest in you have to take your time and study it. Now these days thanks to the internet you have access to anything that you wants. Do studying and asking the right questions to the right people is very key for newbies which are actually interested in wanting to learn about investment in Bitcoin. Forums like this is here also to help.

[Out of mind]

If we want to invest in Bitcoin, we must be extremely careful to keep it safe so that no one can cheat us of our money, so it is better to gain experience in advance. There are many new people who encounter various types of fraudsters before investing and they lose money, so before investing, it is better to know about Bitcoin well and then enter the investment.
You should never invest without understanding Bitcoin well, but it is better to invest later after gaining minimum knowledge and experience. To keep those Bitcoins safe by investing, we need to collect a good wallet and keep its keys in a safe place, only then will the money be safe. It is not possible to profit only by investing, but it is necessary to follow a plan such as long-term investment and strategy with it.
We know that DCA is a very effective and beneficial method in investment, those who have invested using this strategy have been able to avoid losses. It is more profitable in the future if you invest slowly rather than investing using a lump sum, so every new person should pay more attention to these issues. By learning about Bitcoin well and then investing in it, you will have the hope of making a profit in the future and will be able to avoid Ponzi schemes.

[AmaGold70]

Ponzi schemes have done us more harm than good, and has hindered many Bitcoin investors from acheiving their investment goals, and objectives, and the issue of ponzi schemes is not only for newbies even some persons who are old in Bitcoin investing still look for quick money, and still invest into ponzi schemes. While ponzi schemes might be difficult to eradicate, proper, and regular sensitization can help people or investors be more cautious. There are investors who will only hear it once about how bad is ponzi scheme, and they will retreat from it, but some persons will require to hear it over , and over before they will be able to take caution. Engaging in ponzi schemes have made many persons not to achieve their financial goals, and therefore investors should avoid it.
There are genue platforms for your Bitcoin, and other cryptocurrency investment possibly cryptocurrency wallet s, look for them, and investment in your Bitcoin, and avoid unfaithful promises offering you big money in a short period of time.

[Abbatty]

Well I thinking Bitcoin is a different thing and also Ponzi scheme is a different thing. Not to complicate things that what before investing in bitcoin you don’t really require to know much, rather you just need to have an income, from their get your discretionary income and start your bitcoin journey, most preferably, use the DCA strategy and remain consistent with your accumulation, which could be weekly or monthly.

Ponzi scheme on the other hand is a different thing, it requires you to put in a small amount and take out more than you put in. Most times they always tell you to refer someone.

So bitcoin is an investment while Ponzi scheme is just fugazi.

[Crypto_Timothy]

Ponzi scheme is just a fancy word for stealing and to be honest I don't see stealing stopping anytime soon, so how can we avoid being stolen from? To me the answer is just to do your own research and let's say you want to explore other investments, if you do your own research well, you would know to invest just a little percentage and obverse first, now if it happens to be a Ponzi scheme, nothing much will be lost which one way explore other investments without losing everything to a Ponzi scheme. I really cannot exercise how important it is to do your own research and be certain of how much you can lose before trying something new cause there is no harm in starting something new, in fact when Bitcoin first came out, it was something new and see where it is now, so yea just do your own research.

[Fiasem20]

Well I thinking Bitcoin is a different thing and also Ponzi scheme is a different thing. Not to complicate things that what before investing in bitcoin you don’t really require to know much, rather you just need to have an income, from their get your discretionary income and start your bitcoin journey, most preferably, use the DCA strategy and remain consistent with your accumulation, which could be weekly or monthly.

Ponzi scheme on the other hand is a different thing, it requires you to put in a small amount and take out more than you put in. Most times they always tell you to refer someone.

So bitcoin is an investment while Ponzi scheme is just fugazi.

Make dem no even compare bitcoin,beat ponzi scheme for everything,ponzi scheme wey if dem no dem pay influencers to speak about their project nobody dey hear the project,ponzi scheme just full with ads and referrals.So the thing be say any project wey dey push by referrals try dey avoid that project because 95% of all those projects na scam.Normally most people dey always learn the hard way,when dem don learn the hard way finish dem go con realize say dem suppose take the path wey dem neglect.If you wan stay for dis crypto space you go try dey avoid projects wey dey give influencers to promote their projects,put your money for bitcoin you get peace of mind.

[IjawMan]

The matter be say if you see ponzi scheme you go know and you fit differentiate am from real investment with the way ponzi scheme the use promise quick big returns in a short time. With the minimal research you go discover the truth  about the body behind the project, wehtin be their mission and nah how them intend to create profit out from the asset and not just a roll over from one new investor to pay old ones.

[ejikeme24]

It is very simple for Nigerians to learn without falling for ponzi schemes, anyone who is willing or ready to learn about Bitcoin don't need to be tied with profit, I mean the thought of making profit should not be the first thing they will think about, because the reason why many Nigerians are venturing into ponzi scheme is due to the fact that they are too eager/ inquisitive to make profit from crypto or any crypto related stuff.  But it's very hard to stop our Nigerians from venturing into ponzi scheme due to the economy situation of the country, many Nigerians are hunting for something that could give them quick profit so as to enable them get money to feed their family.

[Nwada001]

The matter be say if you see ponzi scheme you go know and you fit differentiate am from real investment with the way ponzi scheme the use promise quick big returns in a short time. With the minimal research you go discover the truth  about the body behind the project, wehtin be their mission and nah how them intend to create profit out from the asset and not just a roll over from one new investor to pay old ones.

Ponzi scheme for this countri fit easy to they detect bcuz of their common way dem they use operate but the get some way dem they run professionally way be say u no go even suspect say nah Ponzi scheme, those ones get legit company they buy legit shares and dem fit even get license from government but behind close door dem they use people money they pay the never person because their business no really they bring profit the way dem talk.

[Freeveto]

The matter be say if you see ponzi scheme you go know and you fit differentiate am from real investment with the way ponzi scheme the use promise quick big returns in a short time. With the minimal research you go discover the truth  about the body behind the project, wehtin be their mission and nah how them intend to create profit out from the asset and not just a roll over from one new investor to pay old ones.

Real Ponzi scheme is always known, it’s our greed that used to pushes us towards it because we want to make money sharp sharp, if not who on earth will just be given you profit when you don’t work for them just for the sake of small money you invested, it’s usually obvious that’s it’s a Ponzi scheme.
When people with that same mindset are introduced to Bitcoin, they will want to make quick profit, so they will not last because Bitcoin is not good in terms of making profit when you don’t have the aim of holding for long. If you want to learn about Bitcoin, come to this forum and learn.

[Iamgoat]

The matter be say if you see ponzi scheme you go know and you fit differentiate am from real investment with the way ponzi scheme the use promise quick big returns in a short time. With the minimal research you go discover the truth  about the body behind the project, wehtin be their mission and nah how them intend to create profit out from the asset and not just a roll over from one new investor to pay old ones.

Ponzi scheme for this countri fit easy to they detect bcuz of their common way dem they use operate but the get some way dem they run professionally way be say u no go even suspect say nah Ponzi scheme, those ones get legit company they buy legit shares and dem fit even get license from government but behind close door dem they use people money they pay the never person because their business no really they bring profit the way dem talk.

The best way to learn bitcoin without falling into the traps of Ponzi schemes is by simply learning it gradually and patently. Most of the time we become greedy when we are learning something or even faster than our shadow. Some of us think we can bypass our ways into success without following the process. It is never the best way to learn anything great. This is why we fall into prey of scammers easily and it is in fact what they are looking out for from us any time you are a target. Not because many of them have become any more sophisticated but because they capitalize on our ignorance, impatience or at most greed.

[Nwada001]

Ponzi scheme for this countri fit easy to they detect bcuz of their common way dem they use operate but the get some way dem they run professionally way be say u no go even suspect say nah Ponzi scheme, those ones get legit company they buy legit shares and dem fit even get license from government but behind close door dem they use people money they pay the never person because their business no really they bring profit the way dem talk.

The best way to learn bitcoin without falling into the traps of Ponzi schemes is by simply learning it gradually and patently. Most of the time we become greedy when we are learning something or even faster than our shadow. Some of us think we can bypass our ways into success without following the process. It is never the best way to learn anything great. This is why we fall into prey of scammers easily and it is in fact what they are looking out for from us any time you are a target. Not because many of them have become any more sophisticated but because they capitalize on our ignorance, impatience or at most greed.

If we are to talk about bitcoin investment and Ponzi schemes, it’s easier for one to avoid being a victim of such, because we can always learn to buy from the right source and hold for themself without even looking for means of multiplying it, but when we want to talk about other means of investment, it’s easier for someone who doesn't know how this Ponzi scheme works to fall victim to those scammers' prey.

[Localhostspeed]

Newbies should first all of know what Bitcoin investment is and how it works. This is very important as it will help them to learn more concerning Bitcoin. The first question that should come to your mind is that, is the newbie that wants to learn about investment concerning Bitcoin willingness to be patient enough to learn and understand what investing in Bitcoin truely is before investing. If yes then the important point that is needed in situations like this is personal self development. Bitcoin investment too is just like any other thing that we don't know in life, for you to actually know and understand any you have interest in you have to take your time and study it. Now these days thanks to the internet you have access to anything that you wants. Do studying and asking the right questions to the right people is very key for newbies which are actually interested in wanting to learn about investment in Bitcoin. Forums like this is here also to help.

My problem with Nigerians is that we love to claim to be smart when we need to be doing the learn. If an avenue is created for people to make money, something that Nigeria are supposed to check and try to understand how that thing work, they will not investigate, they just want to make the money and enjoy the ways to make the money as possible and that is not how it's supposed to work. You need to learn even before you earn and that is best way to go far.

I know some people by now will see Bitcoin as a way to earn money, that's part of Bitcoin but that's not even the way to be ahead of the game holding Bitcoin. We all know how vast and big Bitcoin is when it comes to investment, you learn to be patient and hold no matter the condition and the security of your investment matters, not jumping to how to make profits without any primary understanding.

[sotelorene]

If we are to talk about bitcoin investment and Ponzi schemes, it’s easier for one to avoid being a victim of such, because we can always learn to buy from the right source and hold for themself without even looking for means of multiplying it, but when we want to talk about other means of investment, it’s easier for someone who doesn't know how this Ponzi scheme works to fall victim to those scammers' prey.

Someone can fall victim to either of these two if they don't have knowledge and understanding on how this works, someone who don't have sufficient knowledge about Bitcoin can bump on a post on social media where Bitcoin is been praise and hype and with a lots of promises, someone without knowledge can easily fall for this and same thing in Ponzi scheme so it is not only ponzi that one can fall victim because if the knowledge is not there then ignorant will make one fall.