Why are people not learning but asking people to help them invest in bitcoin

[_act_]

Christopher Delgado, once the public face of Goliath Ventures — an alleged cryptocurrency Ponzi scheme federal investigators say took in more than $300 million from investors — is speaking publicly for the first time as he faces federal charges.

Former Goliath Ventures CEO speaks out as feds probe alleged $300 million crypto ponzi scheme

It was alledged by the federal government, but it is no more an allegation because Christopher Delgado has said it is true. He was using people's money to pay other people which is exactly what ponzi scheme is.

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

[Free Market Capitalist]

But why are people like this?

Aside from the fact that there are many impulsive people with little knowledge who invest in something that promises a good return without doing much research, I think there’s another reason that isn’t often mentioned: that in our society, there are many legalized Ponzi schemes. The financial system itself is a Ponzi scheme that can only be sustained by endless debt growth, just like devaluation. The pension system, or social security—it’s the same thing. The difference is that these systems have the police and the military backing them up.

[Nathrixxx]

Many only want the end results which is the profit and not the process.

People are so lazy to the extent that they don't even want to learn on what can give them an opportunity as long as they see someone to engage doing it for them, and the moment we fail to know the actual knowledge about something, you become a subject to it because those that know if you put advantage of us either now or later, and it would have caused us more than the benefits we see from it, the intention for coming into cryptocurrency was for everyone to have an idea or sound knowledge about how to use it for their personal financial freedom.

[Patikno]

Christopher Delgado, once the public face of Goliath Ventures — an alleged cryptocurrency Ponzi scheme federal investigators say took in more than $300 million from investors — is speaking publicly for the first time as he faces federal charges.

Former Goliath Ventures CEO speaks out as feds probe alleged $300 million crypto ponzi scheme

It was alledged by the federal government, but it is no more an allegation because Christopher Delgado has said it is true. He was using people's money to pay other people which is exactly what ponzi scheme is.

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

I don't know, sometimes I am confused, as to why so many people still want "shortcuts" to profit. Yet, most shortcuts aren't the best way to do anything (including learning, or investing), and instead only make people lazy to take the process seriously. Ponzi schemes are still rife today. In fact, about two months ago, I shared a Ponzi scheme to warn people, especially beginners, with a hope you don't be easily lured by anything that catches your eye, regardless of whether it is a Ponzi scheme. It should be better to learn the fundamentals of Bitcoin, and I am sure you will be amazed when you research Bitcoin, let alone invest in it for the long term.

By the way, I believe people who desperately want shortcuts are those who miss important things. For example; if you search for information solely through AI (without looking at other references), you will likely miss out on other related information. Thus, you are skipping the learning process of accumulating knowledge (or, information). Furthermore, you will easily forget the information you have acquired. Therefore, I hope you (especially beginners) don't rely too much on "Shortcuts" things.

Try to enjoy your learning process without rushing, and appreciate each step of progress. I am sure, by that way you will learn a lot, including avoiding things which could be detrimental to your financial, or investment journey.

[Die_empty]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

Some of these scammers target elderly people who lack knowledge of crypto investments. I have seen a few scam setups where the main targets were retirees who might not be able to research the project.

Some people are just greedy and want to make a huge profit without hard work. Some of these Ponzi schemes promise high returns, which serve as a bait to greedy people. I told an in-law about Bitcoin and he said that he cannot wait for three to four years to take a profit. Rather, he preferred to invest in a scheme that turned out to be a Ponzi. He lost everything, and he is now accumulating Bitcoin.

[knowngunman]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

To answer your question in simple term, it's greed!

People normally get attracted to anything that offers high reward and come with low effort. To invest, you need to do research and understand the risk you're about to take. Ponzi make things easier for them (that's what they actually thought) because you only need deposit your assets and wait for agreed date to receive double or triple of your capital. Investment could take you up to or more than a year before you make such profits.

Even with this case going on, people will still rush to participate once you open a platform now that promises them high return. Some people assume high return means safe return since it promise 100% no risk. They failed to realise that real investment comes with high return = high risk.

[Catenaccio]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

They're lazy, not ready to spend their time and energy for learning, but unfortunately they are greedy enough and really want to be rich. The scam story is not simply about people who asked the others to use their money and buy, hold bitcoins as investment on their behalf. It's more risky than that as with Ponzi, it's not like Bitcoin investment, but with very high ROI offers and we know "too good to be true" offers are very dangerous.

These greedy people were attractive to such offers, and they were scammed but it is not the first time, and not last time Ponzi scam scheme works.

Anyone are careful, ready to learn about scam for better preparation before joining this market can read this Cryptocurrency scambook in which the is a section for Investment Scams & Ponzi Schemes.

[Mia Chloe]

~snip

The point is everyone these days are all profit minded only they care about nothing but how much they can make and how long they can make that amount which is part of the reasons why these days we have so many crypto currencies out there with different propagandas and said visions.

This is one of the major reasons I often tell people to not buy the idea and long gibberish talks of these billionaires and big investors because all they are after is their personal growth and profit not that of bitcoin.

[Hewlet]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

You know that thought that through an investment, you can easily secure your way out of poverty, it's the main reason why a lot of investors are not careful enough to do due diligence in Thier research and end up falling victims of scammers and Ponzi scheme. Even if all those involved in Ponzi are arrested and made to confess, people will still fall for Ponzi and the singular reason is because they see Ponzi as an easy means of getting wealthy.

Just a simple change of mentality to the knowledge that nothing good comes easy will save a lot of people from Ponzi schemes that what seminars will do. I just know that if it's getting too easy that it's probably not the right way to go and that saves one from different kind of Ponzi related schemes.

[BIT-BENDER]

Christopher Delgado, once the public face of Goliath Ventures — an alleged cryptocurrency Ponzi scheme federal investigators say took in more than $300 million from investors — is speaking publicly for the first time as he faces federal charges.

Former Goliath Ventures CEO speaks out as feds probe alleged $300 million crypto ponzi scheme

It was alledged by the federal government, but it is no more an allegation because Christopher Delgado has said it is true. He was using people's money to pay other people which is exactly what ponzi scheme is.

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

All Ponzi orchestrators do this, they take from new investors and give to older investors and the more desperate they get the more they convince the old investors to recruit more new investors and even offer them percentage from the new investors which to me that old investors is greedy and indirectly made themselves part of the plan, getting and convincing a new investors just because of financial gains shows you don't really care about that person.
Old investors sometimes do know that this is a Ponzi scheme and it can crash so they recruit enough new investors, try to make up what they have already put in before the anticipated crash.

[lovesmayfamilis]

You know that thought that through an investment, you can easily secure your way out of poverty, it's the main reason why a lot of investors are not careful enough to do due diligence in Thier research and end up falling victims of scammers and Ponzi scheme. Even if all those involved in Ponzi are arrested and made to confess, people will still fall for Ponzi and the singular reason is because they see Ponzi as an easy means of getting wealthy.

Just a simple change of mentality to the knowledge that nothing good comes easy will save a lot of people from Ponzi schemes that what seminars will do. I just know that if it's getting too easy that it's probably not the right way to go and that saves one from different kind of Ponzi related schemes.

This is a bad thought and a bad "belief"; rather, it is a delusion. It is easy to get out of poverty if someone knows where and in what he invests his spare money. But this "easy" will not come instantly. Pyramids are mainly designed for "noise." If someone gets rich, and this is often a fake to attract naive and uneducated cranks, then the missed opportunity mode immediately turns on, and the rush into which people are driven to invest completely disables their completely undeveloped analytical capabilities. All such pyramids are designed for the untrained and uneducated, as well as greedy people. It is always important to understand that if you find something very profitable, with conditions that are very convenient for you, it will definitely be a scam. Well, whether to enter it or not will always be a free choice.

[Felicity_Tide]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

The issue of scams, and people falling victim is just a major form of crime that no government can put an end to. The very moment people start feeling too comfortable with those they believe are smarter than them, it gives them a strange sense of relief to only believe and not to ask questions or even make research, especially when they are being offered something that they clearly don't understand.

Let's be honest, even in a global world where large number of people have access to the internet, only a very few still see needs to make use of their search engines in moments like this. The tactics of Ponzi schemes never change... Just find ways to outsmart those who like to hear interesting offers. People are always willing to take the risk for cool offers.

[Hyphen(-)]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

Because of greed.
They don’t want to be held responsible of anything goes wrong, and they also don’t want be left behind in the investment, so they will like to put everything on someone who is willing to help them so that when something goes wrong they will have who to hold responsible.

They don’t want to take risk at all and they want to make profit that is why they are not confident to invest on their own, and passing through people to invest is always risky because you don’t have security over your investment and anything can happen which you might not have refund.

[tech30338]

But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

Because of greed.
They don’t want to be held responsible of anything goes wrong, and they also don’t want be left behind in the investment, so they will like to put everything on someone who is willing to help them so that when something goes wrong they will have who to hold responsible.

They don’t want to take risk at all and they want to make profit that is why they are not confident to invest on their own, and passing through people to invest is always risky because you don’t have security over your investment and anything can happen which you might not have refund.

In short they want to work or do things on their own, being lazy and putting something to other people to do the job which a person should do, and you are correct on they want to be blame themselves so they find someone to do that to them so that the person should be the responsible for the investment.
Having this kind of mindset is dangerous and would make things difficult for them, they should do it themselves so that they can experience and learn from it, they just want gain but don't want to work for it.

[snowpega]

...
But why are people like this? Instead of making research and invest in bitcoin, they did not. This will not be the last. If federal government did not do the investigation, nothing would have been known.

No doubt your point is valid here. But if you focus more than you will start to feel that our traditional financial system also works in the same way.
We hold our money in banks, and banks use that money to grow it bussiness branches and start diversification to make themselves richer, and we stay at the same point where we are. That is why I believe that if one has savings funds, then we should hold them in the form of assets, not in banks. Because with the passage of time, the value of the asset will increase, but the value of money that we hold in banks will devalue over time, where the rate of inflation is a big attack on that money.

This is also the reason why the traditional financial system doesn't want the crypto clarity bill to be passed.
Because it will oppose the whole traditional system. And then people who used to hold money in banks will start to hold it in crypto. If that bill gets passed, then I think it will give many people financial freedom, where the bank business growth rate can start to decrease. Getting my point here?

[Donk1]

Well if I may say perhaps there have been several cases like this throughout the years like the BitConnect a scheme where investors lost over 2.4 billion because fake promises Even OneCoin and several more ​Still true talk this wouldn't be the last and it's not even the first because no matter how broad the internet is most folks only know one quarter of it, which is a sign of limited knowledge or premature knowledge/lack of research. Because of this they often easily get carried away by crypto projects that have no real value which often end up to be a Ponzi scheme.that said folks still do not know the value and worth of their assets because of too much hypes and get rich quick gains. Basically one major thing about the crypto world is that when you rush into anything in this space you will definitely get drawn back to where you started that's why to me  it's all about a gradual process.

​Overall people like Delgado already have reputations and followers so it would be easy to trick people into their schemes That's all for me we should learn to do research before investing.......

[Sim_card]

I think, because they're too lazy to take full responsibility of their bitcoin investment which might be one of the reason why people want someone to invest for them. Another thing is that, they think it's difficult to invest and you need a special skill to do that. If someone invest for you, he's in full control of your asset. Trust is part of it.

[Stepstowealth]

I think, because they're too lazy to take full responsibility of their bitcoin investment which might be one of the reason why people want someone to invest for them.

Some people will hide and say that they are busy but they are actually not very busy to learn how to invest in Bitcoin on themselves They are just being lazy because it doesn't require much effort to be able to invest it just requires knowledge. Investing in Bitcoin is not a full time job or something that requires a lot of physical efforts.

Another thing is that, they think it's difficult to invest and you need a special skill to do that. If someone invest for you, he's in full control of your asset.

Some people also are quick to trust others because maybe they have close family relationship with them or they consider these individuals as their close friends who would not betray them. While there are cases it happens that it is possible that these people did not get to betray them at the end but it is not a safe way to invest because things can change quickly between you and that person be it a family or a friend.

[EL MOHA]

I think, because they're too lazy to take full responsibility of their bitcoin investment which might be one of the reason why people want someone to invest for them. Another thing is that, they think it's difficult to invest and you need a special skill to do that. If someone invest for you, he's in full control of your asset. Trust is part of it.

While there is the issue of laziness which is reason why some people do not want to invest by themselves, but in this particular regard I disagree that it’s because of greediness, I think this particular one is because they were actually promised more profit if they try to invest with them. This is similar to the usual scam that happens with staking platforms, you see people depositing their funds to staking platforms or exchanges because of the APY they actually sees from that platform. Most at times if the platform wants to make more juicy for them to get baits they add referrals and bonuses on referrals. All this are pure greediness and not about learn and it’s similar to what I think the scam on this thread is about

[Bryan jessy]

And the funniest part is; most of this people that get scammed actually knew that what they are going into is a ponzi scheme but they still went ahead to try their luck according to how they call it, with the belief that they will be able to get double of their money they put in or more before it shorts down, imagine the risk, instead of investing the money on something reliable and safe. Greed and impatient are the major factors influence this mindset,  because whoever that is patient enough will do something valuable regardless of how long it takes to achieve.