How can Nigerian learn Bitcoin without falling for Ponzi Schemes.

[Bitcoin Maxi]

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.

Perhaps greed can be the major reasons why anyone can fall for cheap ponzi since they are not interested in getting the knowledge they will abstain them from similar scam but all they care is how they can make quick money from effortless ponzi that will clear their accounts. There has been numbers of ponzi scheme in the past that want everywhere in the news and I don't know why some people are not still gonna learn from other People's mistakes to avoid the pain it will cause them if the fall for similar ponzi scheme.

[Cityhunter34]

It is very simple to learn Bitcoin, but the problem is that new beginners are more after for quick gains, and that's exactly why they're finding it in the long run. We are not supposed to be told anymore that there is no easy way to make money, yet they keep having this feeling that they are going to recover their losses.

However, we need to understand that anything that involves long-term process always pays off when you settle down and learn it very well, and that's exactly how Bitcoin works. There are no two ways about it, because learning comes first before earning.

[Achalugo BTC]

It is very simple to learn Bitcoin, but the problem is that new beginners are more after for quick gains, and that's exactly why they're finding it in the long run. We are not supposed to be told anymore that there is no easy way to make money, yet they keep having this feeling that they are going to recover their losses.

However, we need to understand that anything that involves long-term process always pays off when you settle down and learn it very well, and that's exactly how Bitcoin works. There are no two ways about it, because learning comes first before earning.

Absolutely, people already know that anything that is long-term requires patience, yet they find it hard to remain patient. And that is why they easily fall into traps that could ruin their plans, especially when they fail to follow the right approach to navigate through challenges and also help them achieve success. So in order for them to avoid any mistakes that could put them under unnecessary pressure, they need to really understand how Bitcoin works, because there is no shortcut to making money.

[Dizciple]

It is very simple to learn Bitcoin, but the problem is that new beginners are more after for quick gains, and that's exactly why they're finding it in the long run. We are not supposed to be told anymore that there is no easy way to make money, yet they keep having this feeling that they are going to recover their losses.

I'll not blame people that wanted quick money because it's the economy of the country that's making people to become so desperate to make money and fast. I blame the bad government for not providing good jobs and a healthy economy because assuming we had all this things then we'll not be so desperate to be looking for ways of making money that we become attracted to ponzi scheme and some people know that this things are scams but they'll still do it because there's not many choices left and money is needed to live in this economy. I blame Nigerian government for everything because if they're stopping ponzi schemes from running comfortably in the county then we won't be getting scanmed due to many people getting to know that the companies advertising are scammers. Some of them use to have licence and they look legitimate that's why some people don't know untill it's too late. Bitcoin is different from all this ponzi schemes therefore nobody should be thinking Bitcoin is a ponzi scheme.

[Sunshine1525]

It is very simple to learn Bitcoin, but the problem is that new beginners are more after for quick gains, and that's exactly why they're finding it in the long run. We are not supposed to be told anymore that there is no easy way to make money, yet they keep having this feeling that they are going to recover their losses.

However, we need to understand that anything that involves long-term process always pays off when you settle down and learn it very well, and that's exactly how Bitcoin works. There are no two ways about it, because learning comes first before earning.

Anyone that's after quick profits is much likely to be a victim of investment cause they’ll be easily attracted and decieved cause quick money is what they’re after and the strategy those scammers would use to motivate them into falling for their schemes, any investment whereby making profits is very quick is a scam.

Investments like Bitcoin are for long term purpose which means that it would require the investors patience before collecting reward later in the future, therefore anyone that wish to invest in Bitcoin should first develop a long term mindset and not see it as an opportunity to attract quick wealth.

[Promocodeudo]

Absolutely, people already know that anything that is long-term requires patience, yet they find it hard to remain patient. And that is why they easily fall into traps that could ruin their plans, especially when they fail to follow the right approach to navigate through challenges and also help them achieve success. So in order for them to avoid any mistakes that could put them under unnecessary pressure, they need to really understand how Bitcoin works, because there is no shortcut to making money.

The problem with some people is that, at some point they want to test their smartness they wrong way, there isn't any way one can invest without going one step at a time and enduring the downs and ups of the market depending how an individual investor is been affected, some investors thinks that some money is saved somewhere in Bitcoin where everybody can come and take their own and go, which is a very wrong mindset, Bitcoin investment is for a long term, for me I see it as a practical thing, it test our level of patience, which is why investor should have a long-term vision before investing, so as to resist the desire of thinking of profit all the time, which might lead them into getting into trouble.

[Agbam]

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.

Perhaps greed can be the major reasons why anyone can fall for cheap ponzi since they are not interested in getting the knowledge they will abstain them from similar scam but all they care is how they can make quick money from effortless ponzi that will clear their accounts. There has been numbers of ponzi scheme in the past that want everywhere in the news and I don't know why some people are not still gonna learn from other People's mistakes to avoid the pain it will cause them if the fall for similar ponzi scheme.

Of a truth, Greed is the only thing that makes one fall into a Ponzi scheme. As a beginner in Bitcoin investment, one needs to be disciplined and focused on their long term goals in bitcoin than looking for quick side hustles that can drain their accounts.

Personally I see no relationship with bitcoin and Ponzi schemes, no one is asking you to bring John or Peter before you get paid, there’s no task you need to do rather than accumulate and keep accumulating until you’ve achieved your goal.

[Obulis]

What a profound stand point. You have said it all. Not trying to exaggerate your point of view in this matter, but the point you have made is so clear that anyone should understand and it's a comprehensive or a collective reason why many people falls for Ponzi scheme. Like you pointed or to summarize "greed", greed has left many in unexpected shambles, you expect it to work according to your plan or hope only for the people behind the scenes to finalize their agenda. And in all these is also impatience that it's price has always been expensive. Newbies should try to manage their expectations of return so that they don't fall for cheap tricks.

[MisFoxie]

-snip-

To never fall victim to any scam or other type of loss from crypto in my opinion you can get a solution just by following some simple steps. For example if you buy only Bitcoin through DCA method there is a chance of making a lot of profit at some point and for this you do not have to depend on anyone else.

Since your main goal is to accumulate Bitcoin you will always stay around the platform from which you buy Bitcoin so the chance of going somewhere else and becoming a victim of a scam decrease. You should always avoid altcoins because they are more volatile than Bitcoin and most coins are created to scams us.

[Mummy OS]

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.

Greed has been the reasons why people are falling for ponzi schemes and if they don't stop their greed they will become more victims.
Ponzi is not good and there have been several past cases fo ponzi schemes that made people to go homeless and cashless. It is not a hold idea to jump into ponzi because of the promises of getting 100% investment in days or weeks. Normal investment does not work like that and people should understand how they can detect a ponzi scheme without much effort.

[Tmoonz]

It is very simple to learn Bitcoin, but the problem is that new beginners are more after for quick gains, and that's exactly why they're finding it in the long run. We are not supposed to be told anymore that there is no easy way to make money, yet they keep having this feeling that they are going to recover their losses.

However, we need to understand that anything that involves long-term process always pays off when you settle down and learn it very well, and that's exactly how Bitcoin works. There are no two ways about it, because learning comes first before earning.

I think people just have their choices and decisions even if it hurts them over and over again, so no matter how much we talk about the danger of seeking for quick money, there are still people out there who wouldn't listen but only to be driven by their decisions even if it is a bad one, every reasonable person will want to learn from what has happened to others rather than it happens to them first, but this is not the same with everyone. Let people keep doing whatever they like and also face the consequences of their actions, that's just what I have to say.

[Cyber_warrior]

What a profound stand point. You have said it all. Not trying to exaggerate your point of view in this matter, but the point you have made is so clear that anyone should understand and it's a comprehensive or a collective reason why many people falls for Ponzi scheme. Like you pointed or to summarize "greed", greed has left many in unexpected shambles, you expect it to work according to your plan or hope only for the people behind the scenes to finalize their agenda. And in all these is also impatience that it's price has always been expensive. Newbies should try to manage their expectations of return so that they don't fall for cheap tricks.

Greed have been been the main factor for the people behind it always getting people to scam. Greed will always be part of human race till eternity, but I think the Nigerian economy is what is really behind what A lot of people get scammed easily by these people. The economy is so bad that a lot people working 9-5 will still struggle to put food on their table because the salary can barely cover their transport to work, talk more of feeding.

Ponzi scheme is every where, but the numbers of victims in this country is so high, I don’t want to call it ignorance because most people are trying to meet ends need. If we can have a better economy tomorrow the numbers of victims will drastically reduce.

[Pearl_20]

Based on your topic, I believe it is possible to invest in Bitcoin without falling for ponzi scheme even as a newbie.
As someone who is new in bitcoin investing, don't just invest in bitcoin ignorantly, ask questions and ensure you make proper research before going into bitcoin investment.

Meanwhile, before I go further we should understand what ponzi scheme is before going further to list the possible ways one can actually avoid it.

Ponzi schemes are scam website promising investors very high return on their investment. However there are measures you can take to actually avoid it

1. As a newbie ensure to avoid Bitcoin unsolicited investment

2. Ensure to avoid Bitcoin investment giving you to invest very quick

3. Avoid any bitcoin investment with lack of clear information.

4. Avoid bitcoin investment and platforms promising you high return on your investment.

5. Make your research and ensure you invest in Bitcoin with reputable exchanges and platforms and ensure you avoid investing in bitcoin with unknown and unreputable platforms.

Many people, especially newbies have fallen victim of scam and is as a result of lack of sensitization, but I believe with the help of this platform and clear Information like these you can actually avoid them.

I agree with the things you said, as a newbie try as much as possible to learn about Bitcoin and also carry out some research on your own so that you can be fully informed and then also any platform that promises you double of your investment in days time or weeks isn't Bitcoin.

Bitcoin investment will not also ask you to bring people to double up or make you gain more profit as most of these Ponzi site does, and Bitcoin requires a lot of patience and consistency.  As a newbie be very patient and careful with sites that you don't have full knowledge about, and like you said earlier avoid any investment that lacks clarity so you don't fall for these scammers.

[Achalugo BTC]

The problem with some people is that, at some point they want to test their smartness they wrong way, there isn't any way one can invest without going one step at a time and enduring the downs and ups of the market depending how an individual investor is been affected, some investors thinks that some money is saved somewhere in Bitcoin where everybody can come and take their own and go, which is a very wrong mindset, Bitcoin investment is for a long term, for me I see it as a practical thing, it test our level of patience, which is why investor should have a long-term vision before investing, so as to resist the desire of thinking of profit all the time, which might lead them into getting into trouble.

I completely agree with you on this. The reason most investors fall victim to scammers is that they focus too much on making quick profits. If they have the mindset that Bitcoin investment is better when they hold it for the long term, this will help them avoid making emotional mistakes that could negatively affect their lives. This means they won't have to panic about the ups and downs of the market, helping them protect their funds and preserve their peace of mind.

[Itz-prisigold]

I completely agree with you on this. The reason most investors fall victim to scammers is that they focus too much on making quick profits. If they have the mindset that Bitcoin investment is better when they hold it for the long term, this will help them avoid making emotional mistakes that could negatively affect their lives. This means they won't have to panic about the ups and downs of the market, helping them protect their funds and preserve their peace of mind.

You're making a good point but I also believe that patience alone is not sufficient. See a person can have the mindset that he or she wants a long term Bitcoin investing strategy, and still end up getting scammed if that individual doesn't take time to verify the source of what they're investing into.

Another thing that newbies must always look out for is people that claims to have guaranteed returns or they are putting pressure on you to make deposits very fast. Even in situations where they are telling you to bring other people before you can make money, should be an obvious red flag to you. And most times in situations like this it would be advisable to take a step back and do some research first.

Most times ask yourself simple questions like; where is my money going to and how do they generate these returns? Simple questions like this can enable you to identify something that does not seem to make sense before you invest your money.

[Promocodeudo]

I completely agree with you on this. The reason most investors fall victim to scammers is that they focus too much on making quick profits. If they have the mindset that Bitcoin investment is better when they hold it for the long term, this will help them avoid making emotional mistakes that could negatively affect their lives. This means they won't have to panic about the ups and downs of the market, helping them protect their funds and preserve their peace of mind.

Scam in the cryptocurrency industry will continue to exist as long as people keep creating that loophole for scammers to perfect their plans, if you listen or hear experiences of different scam victims you'll understand that some people are not ready to learn, if they tell you that people will still fall for ponzi after what ponzi scheme did to them, will you agree,  it only implies that greed is a thing of humans, just imagine people still fall for scame of doubling or tripping their money or Bitcoin, whenever I hear about scam in this industry, it is always similar stories, which obviously means that nothing has changed.

[Nightwatchmare]

Bitcoin investment and ponzi scheme investment are two different things, and it is easy and simple for Nigerians to learn how to invest in Bitcoin without failing for ponzi schemes that will run away with their hard earned money. Greedy and quest to get rich overnight are the two main things that pushes Nigerians into investing their money into ponzi schemes, so for Nigerians who aspire to learn and invest in Bitcoin not to invest in ponzi schemes while they are learning Bitcoin, they should eliminate greedy and the quest for short term profit.

[B-BossMan]

I completely agree with you on this. The reason most investors fall victim to scammers is that they focus too much on making quick profits. If they have the mindset that Bitcoin investment is better when they hold it for the long term, this will help them avoid making emotional mistakes that could negatively affect their lives. This means they won't have to panic about the ups and downs of the market, helping them protect their funds and preserve their peace of mind.

You're making a good point but I also believe that patience alone is not sufficient. See a person can have the mindset that he or she wants a long term Bitcoin investing strategy, and still end up getting scammed if that individual doesn't take time to verify the source of what they're investing into.

Another thing that newbies must always look out for is people that claims to have guaranteed returns or they are putting pressure on you to make deposits very fast. Even in situations where they are telling you to bring other people before you can make money, should be an obvious red flag to you. And most times in situations like this it would be advisable to take a step back and do some research first.

Most times ask yourself simple questions like; where is my money going to and how do they generate these returns? Simple questions like this can enable you to identify something that does not seem to make sense before you invest your money.

The most relevant thing in bitcoin among all is patience or endurance, and if some have the patience doesn't really mean the person won't lose funds in bitcoin investment, investor may be planning to be holding bitcoin for like 8 or 10 years and still later loss all his funds due to his trust given to a wrong platform, that's why it's good go verify everything you see online. But the mindset matters alots, even if a friend is trying to introduce me to something new and he doesn't have a clear brief about it, i cannot just invest into it, because it's not all about putting money, how valuable it is, In my own perspective, there are alots of things newbies should learn and can also serve as a warning signs to them and others, scammers you are seeing do create a fake proof just to have people's attention or poison thier mindset to deposit, some do use a screeshot strategy or using fake things to gain trust from new users, investigating everything can actually save your money from years of losing or regretting, we need to be vigilant and take caution.

[Cityhunter34]

I'll not blame people that wanted quick money because it's the economy of the country that's making people to become so desperate to make money and fast. I blame the bad government for not providing good jobs and a healthy economy because assuming we had all this things then we'll not be so desperate to be looking for ways of making money that we become attracted to ponzi scheme and some people know that this things are scams but they'll still do it because there's not many choices left and money is needed to live in this economy. I blame Nigerian government for everything because if they're stopping ponzi schemes from running comfortably in the county then we won't be getting scanmed due to many people getting to know that the companies advertising are scammers. Some of them use to have licence and they look legitimate that's why some people don't know untill it's too late. Bitcoin is different from all this ponzi schemes therefore nobody should be thinking Bitcoin is a ponzi scheme.

This is why most people are getting lost because we keep on shifting everything to the government. We don't have to use how bad the economy is as an excuse to draw ourselves back when we already know that the thing we are hoping to get money from are not genuine. It doesn't make any sense at all, because there is no way the government can stop everything.

It is absolutely our own responsibility to do the needful and stay away from quick money, because you are doing it for your own good and for the government. The government is already corrupt, so it's better for us to hustle in the right way and focus on long term.

[Fiasem20]

It is very simple to learn Bitcoin, but the problem is that new beginners are more after for quick gains, and that's exactly why they're finding it in the long run. We are not supposed to be told anymore that there is no easy way to make money, yet they keep having this feeling that they are going to recover their losses.

Oyibo man dey usually talk am say good things no dey come easily like the one way people dey think am,that statement na nothing but the truth and e mean say before you go achieve the good things wey you desire you gats show effort,consistency and patience,plenti virtue dem dey oh but na this ones I remember.And bitcoin need your patience,for you to become that successful bitcoin investor for the future you gats get the mindset to hold your coins patiently,so bitcoin no be asset wey you fit just reap better profit for the next 5 months.