How can Nigerians learn Bitcoin the right way without getting scammed

[Obari]

First advise to give in to introduce them to this forum, because this is a platform intended by the bitcoin creator to engaged all bitcoin users to discuss all around the world, from here, they will be guided the right way, advised and given useful links and kits to start up with as a newbie, provided that they are willing to learn, it is not proper that they get exposure to random online platforms and social medium where they might be misled, because there are lots of contradicting information about bitcoin online except for few platforms like github that renders more precise information about bitcoin.

I think one thing that makes people learn quick is the desire to earn after learn and the forum makes room for that and that's why I would concur to the idea of introducing them to the forum and secondly just as op have already mentioned that, the quest for quick profit leads to more losses and then the desire to make quick profit should be abolished from their head since the target is for a longer term and not just a quick profit and thirdly, always do your own research (DYOR) no matter the source of your information, always try to verify it and the forum is a great place to verify every crypto related informations.

[Tetu100]

Perhaps everyone has a system in which they can learn easily but for me I would recommend them to the forum because this is One platform where anyone can learn Bitcoin easily without paying any amount of money. There are people that are taking advantage of others that are trying to learn about Bitcoin, they ask them to pay outrageous amounts of money but Being on the forum saves you from such.

The forum has become the best and the most easiest place anyone can gain every neccesary knowledge they really need to know about bitcoin investment. However, the bitcoin forum has make it very open for everyone to access information of assorted kinds that can help and enhance every bitcoin journey. However, some of the information we got here on the forum, it is possible you find them nowhere. And I'm saying this for free that if you are opportune to be here then you absolutely lucky.

But recently, many new people that are coming on board today are no longer about the knowledge they will get but chasing peanut  that will lead them no where. Moreover, there are some topnotch knowledge and information you can get here and it change your life for good.

[Crypto_Timothy]

I’ve been pondering about this question for a while now, how can a newbie  that wants to go into Bitcoin accumulation really avoid Ponzi schemes. But some certain things I have come to understand is making my belief on bitcoin firm and not thinking of deviating to another investment for the main time, as we all know, curiosity will not let us newbies to stick to investing rather we’ll want to try other mean of getting little profit which 95% of the time end up to be scam, but the funny part of it is that, we barely learn due to fact that we are fuel with greed and not knowing when to stop because we  have lost some money to these site and will want to get back lost fund.

How can a newbie learn Bitcoin the right way without getting scammed? i think the answer to this question from my perspective would be for the newbie to learn the basics first before attempting to invest any money into Bitcoin. Not saying experienced users can't be scammed but there are certain scams you can predict and avoid if you understand the basics of Bitcoin. There are no "perfect" steps to take to learn Bitcoin but learning Bitcoin and at the same time trying to purchase Bitcoin is a very bad step, at least to me thats very bad because you should fully understand the necessary security risks involved before removing money from your pocket to do anything.

[AGogi2003]

Greed is one of the biggest reasons why people are scammed, when you want to start investing in bitcoin as a newbie, you should never be a greedy person, if you are a greedy person, i will advise you should not invest or do anything that has to do with cryptocurrency because no matter hard you try, you will not succeed, once some people hear about something online that they will get a quick profit they are ready to do anything to get it, without thinking maybe it was a scam or not.

Scammers are very smart, they can do anything just to get a person attention, but as a person who knows what is doing and hold bitcoin, you should be aware that online is not a place to believe in anyone, there is no way to make quick money or quick profit, don’t let greedy make you lose what you can never forget in your life.

You’re right, greed can make you become a victim of scammers. Because when you’re rushing to be profitable in Bitcoin, you can probably meet different people who will promise to make you get profit easily. And when you’re a newbie that doesn’t have any experience about Bitcoin, you will think that is the way, and later you’ll regret making such decisions.

Anything concerning online, you will see different people that have been into crypto for a long term and have more knowledge and experience than you. They can use it to convince you and scam you. Make we just dey patient and look for knowledge first, to avoid scams.

[Nightwatchmare]

Bitcoin and ponzi scheme are absolutely two different things entirely, Bitcoin is not a scheme to get rich quick and there is no promise of becoming rich overnight and it allows you to be in charge of your investment while ponzi scheme will be in control of your investment and there is a promise of becoming rich quickly.  So for a newbie to really avoid ponzi schemes the newbie should take note of this:any investment that promises x3 of your capital within a month and you need to send a third-party your money, that is not a Bitcoin investment it is a ponzi scheme and you should run for your dear life before you learn in the hard way.

[MisFoxie]

-snip-

Is learning the basics of Bitcoin and accumulating Bitcoin really that hard that you need someone else’s help to invest in Bitcoin? I think if you know a few things you can gain complete basic knowledge about Bitcoin such as,

why Bitcoin was created?, where Bitcoin can be stored securely?, what is the best method of Bitcoin investment?, and how Bitcoin can be brought safely?

I think if you open topic or check topics that have already been discussed in this forum, you can find the answers to these few questions. I think you will get all the basic knowledge about Bitcoin, you won’t have to depend on anyone else and you won’t have to fall victim to any kind of Ponzi scam.

[yixichloro2xx]

Perhaps everyone has a system in which they can learn easily but for me I would recommend them to the forum because this is One platform where anyone can learn Bitcoin easily without paying any amount of money. There are people that are taking advantage of others that are trying to learn about Bitcoin, they ask them to pay outrageous amounts of money but Being on the forum saves you from such.

The forum has become the best and the most easiest place anyone can gain every neccesary knowledge they really need to know about bitcoin investment. However, the bitcoin forum has make it very open for everyone to access information of assorted kinds that can help and enhance every bitcoin journey. However, some of the information we got here on the forum, it is possible you find them nowhere. And I'm saying this for free that if you are opportune to be here then you absolutely lucky.

But recently, many new people that are coming on board today are no longer about the knowledge they will get but chasing peanut  that will lead them no where. Moreover, there are some topnotch knowledge and information you can get here and it change your life for good.

Alot of newbies still don't have an idea about this forum, talkless of accessing it.  The easiest place to learn Bitcoin is through YouTube and searching through Bitcoin related websites. That's how many people learnt about Bitcoin, including myself.  Through YouTube a newbie will know how to purchase Bitcoin without giving some money to do it for them. There are educative channels like Coin Gecko, which explains about Bitcoin. What newbie need is some basic information,  they should know how to figure out their discretionary income and determine how much they can afford to spend on Bitcoin.

There's no need for a newbie to start Watching multiple video or reading extensively because they want to invest in bitcoin. The knowledge they will is when they begin their accumulation, which gives them little experience.

[Loyang]

Perhaps everyone has a system in which they can learn easily but for me I would recommend them to the forum because this is One platform where anyone can learn Bitcoin easily without paying any amount of money. There are people that are taking advantage of others that are trying to learn about Bitcoin, they ask them to pay outrageous amounts of money but Being on the forum saves you from such.

The forum has become the best and the most easiest place anyone can gain every neccesary knowledge they really need to know about bitcoin investment. However, the bitcoin forum has make it very open for everyone to access information of assorted kinds that can help and enhance every bitcoin journey. However, some of the information we got here on the forum, it is possible you find them nowhere. And I'm saying this for free that if you are opportune to be here then you absolutely lucky.

But recently, many new people that are coming on board today are no longer about the knowledge they will get but chasing peanut  that will lead them no where. Moreover, there are some topnotch knowledge and information you can get here and it change your life for good.

Alot of newbies still don't have an idea about this forum, talkless of accessing it.  The easiest place to learn Bitcoin is through YouTube and searching through Bitcoin related websites. That's how many people learnt about Bitcoin, including myself.  Through YouTube a newbie will know how to purchase Bitcoin without giving some money to do it for them. There are educative channels like Coin Gecko, which explains about Bitcoin. What newbie need is some basic information,  they should know how to figure out their discretionary income and determine how much they can afford to spend on Bitcoin.

There's no need for a newbie to start Watching multiple video or reading extensively because they want to invest in bitcoin. The knowledge they will is when they begin their accumulation, which gives them little experience.

YouTube can certainly be a good medium to gain knowledge about Bitcoin investment and other things, but the problem that every person faces is finding the right information or the right knowledge. There are countless videos available on YouTube and it is very difficult for a new person to find out which ones are good and which ones are bad. On YouTube, we see more videos related to trading than investment and many people can get greedy and get attracted towards trading after watching trading videos and face losses.

If a person wants to learn something about Bitcoin from me, then I definitely tell that person about this forum and regularly ask them to read a lot and besides, if something seems complicated to them, I ask them to take help from AI. I think there is no better place than this forum to gain knowledge about Bitcoin.

[GiftedMAN]

I think if you open topic or check topics that have already been discussed in this forum, you can find the answers to these few questions. I think you will get all the basic knowledge about Bitcoin, you won’t have to depend on anyone else and you won’t have to fall victim to any kind of Ponzi scam.

For a total newbie that is yet to locate this forum to know the topics that has been created to discuss the best ways to have basic knowledge of Bitcoin and to do good investment, going with a personal research online will surely provide a guide on how to learn, create wallets and get all the knowledge necessary to begin investing in Bitcoin it all depends on the willingness of the person to learn and not depend on people to help him. Some person have the knowledge of Bitcoin before locating the forum and they have not invested in ponzi scheme because even a total stranger knows the meaning of ponzi, if you make up your mind you can make your personal findings and still be a pro it will cost you time nothing more.

[Inior]

Your source of information is everything because this would determine how far you go. A lot of people fail in their bitcoin investment because at some point majorly because they don't learn about bitcoin the right way. One of the best ways to learn about bitcoin is through the forum, being on this platform teaches a lot of things including bitcoin investment as well. There are also other mediums through which you can learn about bitcoin asides from the forum, there's YouTube but you need to be careful about the informations you get from it because some can actually be misleading.

[Silikiem]

Bitcoin and ponzi scheme are absolutely two different things entirely, Bitcoin is not a scheme to get rich quick and there is no promise of becoming rich overnight and it allows you to be in charge of your investment while ponzi scheme will be in control of your investment and there is a promise of becoming rich quickly.  So for a newbie to really avoid ponzi schemes the newbie should take note of this:any investment that promises x3 of your capital within a month and you need to send a third-party your money, that is not a Bitcoin investment it is a ponzi scheme and you should run for your dear life before you learn in the hard way.

Exactly, I think you’ve briefly explained just what every newbies must need to know In order to differentiate between bitcoin investment and Ponzi schemes. Learning bitcoin the right way is to simply know that it’s not a get rich quick investment so anyone promising them they’ll get rich in the next 2-3 days is deceiving them so it’s better for newbies coming into bitcoin investment to bear in mind that this is not a get rich quick investment. With this mindset it will be difficult for them to fell into trap of Ponzi scams.

[Humblevirus]

Bitcoin and ponzi scheme are absolutely two different things entirely, Bitcoin is not a scheme to get rich quick and there is no promise of becoming rich overnight and it allows you to be in charge of your investment while ponzi scheme will be in control of your investment and there is a promise of becoming rich quickly.  So for a newbie to really avoid ponzi schemes the newbie should take note of this:any investment that promises x3 of your capital within a month and you need to send a third-party your money, that is not a Bitcoin investment it is a ponzi scheme and you should run for your dear life before you learn in the hard way.

Even with some basic knowledge, it will be clear that Bitcoin investment is not a Ponzi scheme. In fact, in a Ponzi scheme, there are usually people advertising the scheme just to convince others to put money into it. However, it is very hard to see someone trying to convince another person to invest in Bitcoin by giving them sweet words, unless that person is a scammer who wants them to invest in a scam scheme.

I am always surprised when I see newbies later complaining that they were scammed by a scheme that promised them that if they invested in Bitcoin, they would get double their investment within a few days. From the very definition of Bitcoin, any newbie should know that Bitcoin is a digital which is volatile in nature. No one can simply invest in Bitcoin and expect to double their investment within a few days.In fact, I believe it is greed that leads some newbies into the hands of scammers, because everyone should know that no legitimate investment will double a large investment within a few days. If it were truly possible, those people would not need to introduce the investment to others.

[ejikeme24]

Your source of information is everything because this would determine how far you go. A lot of people fail in their bitcoin investment because at some point majorly because they don't learn about bitcoin the right way. One of the best ways to learn about bitcoin is through the forum, being on this platform teaches a lot of things including bitcoin investment as well. There are also other mediums through which you can learn about bitcoin asides from the forum, there's YouTube but you need to be careful about the informations you get from it because some can actually be misleading.

And what are the things you think a person need to learn before you can agree that they learn in the right way? As Long as Bitcoin investment is concerned a person does not necessary need to learn everything before getting started, knowing the basic things is fine and you can get started with it as they can't learn everything before getting started. Learning about Bitcoin is good when they're investing that's after they must have learn the basic things rather than waiting to get the whole knowledge about Bitcoin investment before getting started.

[Qhunman]

How can a newbie learn Bitcoin the right way without getting scammed? i think the answer to this question from my perspective would be for the newbie to learn the basics first before attempting to invest any money into Bitcoin. Not saying experienced users can't be scammed but there are certain scams you can predict and avoid if you understand the basics of Bitcoin. There are no "perfect" steps to take to learn Bitcoin but learning Bitcoin and at the same time trying to purchase Bitcoin is a very bad step, at least to me thats very bad because you should fully understand the necessary security risks involved before removing money from your pocket to do anything.

I don't see anything bad if you are  learning and at the same time you are investing in bitcoin. Bitcoin learning is unlimited that is because we keep on discovering new things about bitcoin so there's no way you can be able learn everything about bitcoin. And before an investor could start to invest in bitcoin, there is a certain level of knowledge which he expected to acquire which is the basic knowledge before he can invest in bitcoin. And the reason why he is expected to learn the basics so that he can be able to understand what he is doing and mistakes he should avoid while he is investing in bitcoin. So if has acquired the basic knowledge and some discretionary income available then there is nothing wrong if he is investing and at the same learning about bitcoin.

[Nasdel4]

So far, this are the few ideas that have kept me going and I would also like those that are more advance than me here to drop their opinion on this thread so we newbies can all benefit

If the newbie has no idea at all, you can point the newbie in the direction of knowledge first. You can even introduce the newbie to this forum to gain knowledge about bitcoin because he/she can learn a lot from this forum. You need to make the newbie understand that bitcoin investment is simply buying bitcoin and holding but knowing when to buy also plays a key role on this journey and that's why I suggested you introduce a newbie to this platform to gain the necessary knowledge needed to grow.