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

[The Cryptovator]

It's because people are greedy and want to get rich quick. So when they see a high return by doing nothing, they think of becoming rich this way. They went blind when they invested in some Ponzi scheme. Otherwise, Ponzi investors aren't aware of what Ponzi schemes are; hence, due to lack of knowledge, they jump on it.

Once upon a time Ponzi and revenue share sites were so popular, if you can remember. During that time I was also a Ponzi investor; it's true that at that time I had used fiat and wasn't aware of cryptocurrency. When I got scammed a couple of times, I realized they are scammers. But after joining this forum, I realized how Ponzi schemes work and how scammers draw attention from the investors. It's all about lack of knowledge about Ponzi, and some are due to greed.

[Samlucky O]

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.

Yeah, people like investing their money in something that looks promising without undermining the outcome of it, if it's genuine or not, this is the reason money meant to be invested in Bitcoin is being wasted on ponzi scheme. The funny part is that people don't even learn. They Rather lose money to Ponzi scheme than invest in Bitcoin due to inpatient and greed. I remember the other day a Ponzi scheme website was introduced and my friends started investing and withdrawing Every 24hours. I told them this will not last because it is not build on a solid foundation, that what business allows you to invest and take %30 profit of you investment  within 24 hours, that's it a trap to lure people in and the door will be closed. But non listened to me. I further told them to invest in Bitcoin instead but they refuse.  

Now the site has crashed and they are left with nothing. They are regretting now. But funny enough after the site reopen for others to keep sending more fund instead of withdrawal, people are still funding, hoping they will reopen for them to withdraw. I kau see how people are stupid for making quick wealth. The chose short term profit without checking the risk and consequences but claim to be wise when investing in Bitcoin. I just wonder why human being act so weird.

[L E G E N D A R Y]

One thing people forget is platforms or businesses backed by government regulations can run out of liquidity, fail to meet-up with taxation or even be forced to back down due to different reasons like mismanagement of funds, economic shock and fraud. We can't start counting government backed organization that has collapsed and customers money lost, even banks are not excluded in this scenario. How about SEC-registered investment firms that defraud their investors. The list is endless.

Government regulations can indeed provide some oversight, but it doesn’t in anyway eliminate risk. Historically we can see that banks, regulated institutions and investment firms are capable of failing due to fraud, economic collapse, poor management and several others. So while it’s possible for regulations to attempt to reduce some of these risks, people should not mistake it to be some complete risk elimination or some form of guarantee that their funds are secure. And this is why it’s always crucial for one to do their due diligence before making any financial decisions whether or not the institution they wish to get involved with is backed by government or not.

[EarnOnVictor]

-Snip-
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 share your view about people, but cases like this is not as simple as you might have thought. There's a difference between investing in crypto directly and investing through a person/company who has been using crypto for various activities to make profits. That's where the hook is, especially if the person/company has a good/sustainable track-record, and has been doing it for years. People love the package that looks guaranteed, and I wouldn't blame the people much because the monthly income is not so crazy, so they might suspect less.

According to the report at that time, it was a Luring act of Cajolement, which promises Safe and Fixed small monthly income of between 3% and 8%. That doesn't look like a get-rich-quick scheme to me, even though the perpetrator is practicing a Ponzi scheme.

[Patikno]

It's because people are greedy and want to get rich quick. So when they see a high return by doing nothing, they think of becoming rich this way. They went blind when they invested in some Ponzi scheme. Otherwise, Ponzi investors aren't aware of what Ponzi schemes are; hence, due to lack of knowledge, they jump on it.

Once upon a time Ponzi and revenue share sites were so popular, if you can remember. During that time I was also a Ponzi investor; it's true that at that time I had used fiat and wasn't aware of cryptocurrency. When I got scammed a couple of times, I realized they are scammers. But after joining this forum, I realized how Ponzi schemes work and how scammers draw attention from the investors. It's all about lack of knowledge about Ponzi, and some are due to greed.

I completely agree with you, it is greed that leads them to fall into Ponzi schemes, especially those projects who are intended to deceive from the start. Instead of profit, they ultimately result in losses (the investors). Therefore, we shouldn't be too enamored with things that are "too good to be true", like the sweet promises typically offered by Ponzi schemes. I believe almost all Ponzi schemes ultimately turn out to be scams (they don't pay out). Personally, I consider ponzi scheme projects to be similar to shitcoins, meaning the early investors are the ones who usually get lucky.

By the way, I have also learned a lot from this beloved forum, especially the discussions about fraud, and the like. So, I think beginners should also learn a lot from the discussions in this forum to stay informed about all the important information. The open discussion forums allow us to discover more and more new things, or new information every day here.

[Dreadboost]

I think one of the reasons people fall for this scheme is because of greed. Most people are looking for quick money, so they always seek this opportunities and they end up been scammed of their money.  Talking about people trusting people to invest for them, rather than doing it for themselves,  is that they are not willing to learn how to trade, so they can invest for themselves. Some people also see it as stress learning something new, especially when it's not their field, and also they don't want to challenge themselves. It is also a thing of trusting oneself, some people don't trust themselves when it comes to investment, so they rather give their money to other people to invest for them.

[Crytohillss]

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.

Yeah, people like investing their money in something that looks promising without undermining the outcome of it, if it's genuine or not, this is the reason money meant to be invested in Bitcoin is being wasted on ponzi scheme. The funny part is that people don't even learn. They Rather lose money to Ponzi scheme than invest in Bitcoin due to inpatient and greed. I remember the other day a Ponzi scheme website was introduced and my friends started investing and withdrawing Every 24hours. I told them this will not last because it is not build on a solid foundation, that what business allows you to invest and take %30 profit of you investment  within 24 hours, that's it a trap to lure people in and the door will be closed. But non listened to me. I further told them to invest in Bitcoin instead but they refuse.  

Now the site has crashed and they are left with nothing. They are regretting now. But funny enough after the site reopen for others to keep sending more fund instead of withdrawal, people are still funding, hoping they will reopen for them to withdraw. I kau see how people are stupid for making quick wealth. The chose short term profit without checking the risk and consequences but claim to be wise when investing in Bitcoin. I just wonder why human being act so weird.

What really suprise is that person will call Bitcoin risky yet wilingly put money into schemes with no good business model or transparency  at least with Bitcoin everybody knows it about volatility and understanding the risks  Ponzi scheme on the other side are designed to collapse sooner. the saddest part is that even after losing cash some persons still go back hoping to recover their losses, that's exactly how these scheme keep survival in investment patience is usually more rewarding.

[Dzwaafu11]

It is a dump decision giving another person to invest in Bitcoin, when you can also do it your self, how trusted is the person to handle yout your hard earned money to him. Such investor is even adding more risk to the risk that is attached to the Bitcoin investment.

To me, it is more safe when you invest your self, because there is nothing really hard in this space when it comes to investment. So there is no use in giving another person money to invest, when you can also do it.

[kawetsriyanto]

It is a dump decision giving another person to invest in Bitcoin, when you can also do it your self, how trusted is the person to handle yout your hard earned money to him. Such investor is even adding more risk to the risk that is attached to the Bitcoin investment.

Agree. It is totally wrong way to let people investing in Bitcoin with our money. It actually indicates that the people are lazy to learn Bitcoin investment but they want to get instant money. Sure, we must handle it ourselves and we must ensure to have sufficient knowledge first before we think to invest in Bitcoin or in other assets.

To me, it is more safe when you invest your self, because there is nothing really hard in this space when it comes to investment. So there is no use in giving another person money to invest, when you can also do it.

Of course, it is a must to invest ourselves. We must manage it ourselves because we have our own plan and target. If we let another person to manage it, it may not fit with our plan and our target. Also, it means another people who owns it if he has the access to the asset. Since it is related to money, he may have the intention to deceive us. Well, investing in Bitcoin is actually quite easy if we are serious to learn about it. So, it is actually not needed to ask a help from another person.

[impulse709]

One thing people forget is platforms or businesses backed by government regulations can run out of liquidity, fail to meet-up with taxation or even be forced to back down due to different reasons like mismanagement of funds, economic shock and fraud. We can't start counting government backed organization that has collapsed and customers money lost, even banks are not excluded in this scenario. How about SEC-registered investment firms that defraud their investors. The list is endless.

Government regulations can indeed provide some oversight, but it doesn’t in anyway eliminate risk. Historically we can see that banks, regulated institutions and investment firms are capable of failing due to fraud, economic collapse, poor management and several others. So while it’s possible for regulations to attempt to reduce some of these risks, people should not mistake it to be some complete risk elimination or some form of guarantee that their funds are secure. And this is why it’s always crucial for one to do their due diligence before making any financial decisions whether or not the institution they wish to get involved with is backed by government or not.

I think you're right that there are some risks that can't be completely eliminated by regulations, but some can be. Many people think that a regulated institution is automatically safe. But in reality, banks, investment companies, and other institutions that are regulated can fail due to economic crises, poor management, or even fraud. Because I think there is a need to learn about a thing before investing in it, particularly Bitcoin. Rather than depending on the advice of strangers, influencers or investment managers. They should take the time to educate themselves on how Bitcoin works. And the risks they may encounter. The most effective ways of protection are knowledge and personal responsibility.

[Big Dirams]

I think you're right that there are some risks that can't be completely eliminated by regulations, but some can be. Many people think that a regulated institution is automatically safe. But in reality, banks, investment companies, and other institutions that are regulated can fail due to economic crises, poor management, or even fraud. Because I think there is a need to learn about a thing before investing in it, particularly Bitcoin. Rather than depending on the advice of strangers, influencers or investment managers. They should take the time to educate themselves on how Bitcoin works. And the risks they may encounter. The most effective ways of protection are knowledge and personal responsibility.

Institutions and big organizations also do face losses and challenges in the investment journey because the market is a decentralized system which can’t be control by any individual nor institutional body so the challenges and risk we follow as a retail holders same goes for those with higher holdings and this big institutional entity.
The market is moved by demands and supplies so the rate of which this two move always determine the movement of the market. Even the institutions are able to shift market movement with the help of their high holdings so they could easily sell or buy more so the market movement will shift

[Fiasem20]

I think you're right that there are some risks that can't be completely eliminated by regulations, but some can be. Many people think that a regulated institution is automatically safe. But in reality, banks, investment companies, and other institutions that are regulated can fail due to economic crises, poor management, or even fraud. Because I think there is a need to learn about a thing before investing in it, particularly Bitcoin. Rather than depending on the advice of strangers, influencers or investment managers. They should take the time to educate themselves on how Bitcoin works. And the risks they may encounter. The most effective ways of protection are knowledge and personal responsibility.

Institutions and big organizations also do face losses and challenges in the investment journey because the market is a decentralized system which can’t be control by any individual nor institutional body so the challenges and risk we follow as a retail holders same goes for those with higher holdings and this big institutional entity.
The market is moved by demands and supplies so the rate of which this two move always determine the movement of the market. Even the institutions are able to shift market movement with the help of their high holdings so they could easily sell or buy more so the market movement will shift

Big institutional entities that hold bitcoin are the most targeted by those scammers out there,they believe if they could access those big institutions they’ve made a lifetime wealth because those big institutions hold huge amount of bitcoins.Even those individuals that hold huge amount of money are also a target to those scammers,that’s why it’s crucial to prioritize your security measures in regards to bitcoin.Most words from influencers are deceptive,imagine promoting a platform that you’re not into,for the fact that they’re being paid to promote a ponzi scheme they would do their job,that’s why it’s left for you not to believe everything that comes out from those influencers promoting Ponzi schemes.

[MusaPk]

I think you're right that there are some risks that can't be completely eliminated by regulations, but some can be. Many people think that a regulated institution is automatically safe. But in reality, banks, investment companies, and other institutions that are regulated can fail due to economic crises, poor management, or even fraud. Because I think there is a need to learn about a thing before investing in it, particularly Bitcoin. Rather than depending on the advice of strangers, influencers or investment managers. They should take the time to educate themselves on how Bitcoin works. And the risks they may encounter. The most effective ways of protection are knowledge and personal responsibility.

During 2008 recession, we saw many banks winding up there business. Banks provide safe way to invest your money but they can also fall due to crisis. Chances of a Bank getting closed due to some crisis is low but we can't rule out this fact. If you are investing in Bitcoin then make sure that you understand it's principles otherwise it won't be a fruitful investment. No investment is fully safe unless you do the hard work of understanding it's underlying details.

[Proty]

One thing people forget is platforms or businesses backed by government regulations can run out of liquidity, fail to meet-up with taxation or even be forced to back down due to different reasons like mismanagement of funds, economic shock and fraud. We can't start counting government backed organization that has collapsed and customers money lost, even banks are not excluded in this scenario. How about SEC-registered investment firms that defraud their investors. The list is endless.

Government regulations can indeed provide some oversight, but it doesn’t in anyway eliminate risk. Historically we can see that banks, regulated institutions and investment firms are capable of failing due to fraud, economic collapse, poor management and several others. So while it’s possible for regulations to attempt to reduce some of these risks, people should not mistake it to be some complete risk elimination or some form of guarantee that their funds are secure. And this is why it’s always crucial for one to do their due diligence before making any financial decisions whether or not the institution they wish to get involved with is backed by government or not.

I think you're right that there are some risks that can't be completely eliminated by regulations, but some can be. Many people think that a regulated institution is automatically safe. But in reality, banks, investment companies, and other institutions that are regulated can fail due to economic crises, poor management, or even fraud. Because I think there is a need to learn about a thing before investing in it, particularly Bitcoin. Rather than depending on the advice of strangers, influencers or investment managers. They should take the time to educate themselves on how Bitcoin works. And the risks they may encounter. The most effective ways of protection are knowledge and personal responsibility.

For sure there are risks that still can't be eliminated by regulations the only thing is they can minimise the impact of such risk but saying that regulation is going to eliminate risk something that is not true. However, talking the need to learn a thing before starting and referencing is not true as long as bitcoin investment is concerned you don't need to wait until you learn about it before you beginning investing in bitcoin. Once you are able to figure out that you have discretionary income to invest in bitcoin then you can start investing in it. I believe with basic knowledge, it is possible for anyone to start investing in bitcoin. All the other things you made mention of can be learn as they go on with there bitcoin accumulation.

[SOKO-DEKE]

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.

Some set of people are risk-takers, and that is how they live their lives. They don't care about what will happen. Some even get scammed, yet they are not bothered too much. Even I don't pity those kinds of people after they get scammed, especially if they are aware that the chances of being scammed are high.However, sometimes I feel that most people who get scammed do not have proper knowledge and are not fully aware of what they intend to put their money into or invest in. That is one reason scammers are always changing their tactics, so that people will not notice. It is only those who are wise and aware of similar scamming tactics that can easily avoid them.There are some Ponzi schemes that hardly promise investors huge returns because people are already aware of that tactic. Instead, they present offers that look like real investments. The best approach is to always do our own proper research before investing our money.

[Berry2d]

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.

Some set of people are risk-takers, and that is how they live their lives. They don't care about what will happen. Some even get scammed, yet they are not bothered too much. Even I don't pity those kinds of people after they get scammed, especially if they are aware that the chances of being scammed are high.However, sometimes I feel that most people who get scammed do not have proper knowledge and are not fully aware of what they intend to put their money into or invest in. That is one reason scammers are always changing their tactics, so that people will not notice. It is only those who are wise and aware of similar scamming tactics that can easily avoid them.There are some Ponzi schemes that hardly promise investors huge returns because people are already aware of that tactic. Instead, they present offers that look like real investments. The best approach is to always do our own proper research before investing our money.

Proper knowledge about bitcoin is never enough reasons why most people are been scammed in process of investing. One thing i know is very common in life is mistake,  some at times makes mistakes that leads to lost why some with higher trust level gets scammed so easily. 
Some of this i have mentioned are very important reasons why such things happens. Although I won't exclude the power of lack of knowledge as the primary causes of scam in the process because it is very difficult to be scammed when one has great knowledge about any business.

[Sonia_123]

It is because of fear of the risk involved and they don't what to be held responsible for their mistakes and actions since investing in Bitcoin cannot be guaranteed In case of any issue like lost and reduction or decline in the price of bitcoin beyond expectations, they want to hold someone responsible their actions.

[Ihedioral]

Most people are ready to learn but at the same point scared to be scammed too. People are living in greed where they target Bitcoin illiterates who cannot recognize Ponzi schemes where they will claim they have placed their investment and end up losing everything. Most give up after a scammer makes them invest a huge amount of money on their first trade, which they end up with zero profit.



I would advise, no matter how long it takes you, to try to be patient and learn more about trading. So you could understand some futures when you have a little experience about it. Don't just jump in it even if it is worth it; you have to be extra careful to avoid investing in shitcoins.

It is a dump decision giving another person to invest in Bitcoin, when you can also do it your self, how trusted is the person to handle yout your hard earned money to him. Such investor is even adding more risk to the risk that is attached to the Bitcoin investment.

To me, it is more safe when you invest your self, because there is nothing really hard in this space when it comes to investment. So there is no use in giving another person money to invest, when you can also do it.

No one with he/her right senses that understand how trade market is and rickly hand over there hard earned money to someone to invest for them, well known trading is never risk free

There for I would say they just want whom dey could blame when it's turns out to be a lost , as a investor you should have in mind that you will experience lost no matter stable the market is moving

But holding someone accountable for your mistake as a investor  is a step of creating more risk to your self

[Charcol]

I think that buying Bitcoin yourself, learning basic custody and holding it for the long term according to one's own financial plan is not the same as sitting with money in the hands of a person or company and hoping to get a fixed monthly return. In this, you have to rely on the story given by a company or person. But we know that the main idea of ​​Bitcoin is to reduce unnecessary trust.

In my opinion, people in such schemes make wrong decisions not because of laziness but because of greed in their minds, lack of financial education, big promises of referral bonuses, luxury lifestyle, etc. Again, in many cases, they are led to these wrong decisions by the recommendation of someone they know.

That is why I would say that it is important to start with small amounts and learn the basics. Because Bitcoin itself is risky due to its volatility, and if you give money to unknown or unverified investment managers, the counterparty risk increases even more.

[Johnlomape]

One thing people forget is platforms or businesses backed by government regulations can run out of liquidity, fail to meet-up with taxation or even be forced to back down due to different reasons like mismanagement of funds, economic shock and fraud. We can't start counting government backed organization that has collapsed and customers money lost, even banks are not excluded in this scenario. How about SEC-registered investment firms that defraud their investors. The list is endless.

Government regulations can indeed provide some oversight, but it doesn’t in anyway eliminate risk. Historically we can see that banks, regulated institutions and investment firms are capable of failing due to fraud, economic collapse, poor management and several others. So while it’s possible for regulations to attempt to reduce some of these risks, people should not mistake it to be some complete risk elimination or some form of guarantee that their funds are secure. And this is why it’s always crucial for one to do their due diligence before making any financial decisions whether or not the institution they wish to get involved with is backed by government or not.

I can see that as laziness, having access to an information but not willing or ready to read through to know what the information is all about. There are so many things we can learn online and it will be seen as foolishness if we don't take our time source for information that will help us to know about how to invest in Bitcoin. There are also dedicated websites that are teaching people on how to invest in the crypto market. Once an investor have the interest to learn rather looking for people they will blame for investing for them when something goes wrong.