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

[L E G E N D A R Y]

It is obvious that maybe this platform that just scammed people did actually offer a reward of investment that seems too good to be true which the people couldn't resist, but had to invest in it without bothering to know if it's source is true or not. Because for this platform to have been able to scam over $300million from people, then it is possible they might have operated within a certain period of time and constantly paying people who invested in it, which actually built their trust, and bringing it more people to the point that they couldn't pay anymore but had to run away with people's money. So in a nutshell, maybe this platform offered more profits than mere investing in Bitcoin.

That’s exactly how a lot of investment scam and Ponzi schemes work. The early investors get paid, and that way they’re able to build trust which in turn attracts more investors to queue up so they can also cash out from it like the other investors. And the moment they’re able to gather enough funds, they vanish without a trace. This is reminder that when an opportunity looks too good to be true, or offer unusually high returns, one should be extra cautious when approaching such opportunities.

[ColdLava40]

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.

People believe someone with more experience would be able to make them profits faster. And sometimes it's true.

I'm taking Micheal saylor for instance, investors purchase BTC ETFs under his company believing he understands Bitcoin market, cycle, season, when to invest and many strategy that's involved in the market.

It's not that they can't do all these by themselves, they just see it as a faster and much easier way to get their hands on profits. It's just almost ture, but the dangers in relying on a third party is extreme.

[Emmanuel9977]

We'll one thing I noticed is fear of losing, and again most of them are busy with business or another activity that is why most of them give there relative the money to invest.
But that's high risk because they might end up scam you,
My advice is if you don't have chance to learn why don't forget about it, them going on something you don have any idea, because I personally I have see one of my boss who dey scam because he don't have any idea about Bitcoin and he end up complaining.

[RockBell]

We'll one thing I noticed is fear of losing, and again most of them are busy with business or another activity that is why most of them give there relative the money to invest.
But that's high risk because they might end up scam you,
My advice is if you don't have chance to learn why don't forget about it, them going on something you don have any idea, because I personally I have see one of my boss who dey scam because he don't have any idea about Bitcoin and he end up complaining.

People are just scared about them losing their money, nothing else and people want money but they don't want to lose money and that is when it comes bitcoin investment people are still finding there way around it and people find it hard to trust things like, and people need to figure out a lot of things about bitcoin since they are finding it hard to get convinced on the kind of potential that bitcoin have and it is not even a long story lets know exactly what we are doing because most people don't even know what they going on because even with all the information available people are still looking for something easy because looking for someone to managed there investment is just wrong.

[DYOR+BTC]

We'll one thing I noticed is fear of losing, and again most of them are busy with business or another activity that is why most of them give there relative the money to invest.
But that's high risk because they might end up scam you,
My advice is if you don't have chance to learn why don't forget about it, them going on something you don have any idea, because I personally I have see one of my boss who dey scam because he don't have any idea about Bitcoin and he end up complaining.

Channelling attention on business or other related activities is never enough reasons why a good investor will not wish to have a well examined experience on that business that offers life transforming opportunities to all.
One strong factor responsible for success of all kind is experience,  that said experience helps in governing once activities to enable success comes out easily but if that expected experience is not there it will create a vacuum for lost to be experienced

[Felicity_Tide]

It is obvious that maybe this platform that just scammed people did actually offer a reward of investment that seems too good to be true which the people couldn't resist, but had to invest in it without bothering to know if it's source is true or not. Because for this platform to have been able to scam over $300million from people, then it is possible they might have operated within a certain period of time and constantly paying people who invested in it, which actually built their trust, and bringing it more people to the point that they couldn't pay anymore but had to run away with people's money. So in a nutshell, maybe this platform offered more profits than mere investing in Bitcoin.

You have a point, but I still strongly believe that trying to convince a victim should be the most difficult part of a scam, rather than the offer itself. When someone has no clue about something, there is this internal relief that they often feel when they see someone else who's willing to guide them through, or even assist them, just because they sound way too smart and convincing. People don't actually fall for how huge an offer is, but they fall for how the offer is being presented. Of course, some fake investment platforms might have operated within a certain period, but it's still doesn't change the fact that most people are not doing enough to help themselves avoid these things even when there are far more obvious signs.

[Jewan420]

It is obvious that maybe this platform that just scammed people did actually offer a reward of investment that seems too good to be true which the people couldn't resist, but had to invest in it without bothering to know if it's source is true or not. Because for this platform to have been able to scam over $300million from people, then it is possible they might have operated within a certain period of time and constantly paying people who invested in it, which actually built their trust, and bringing it more people to the point that they couldn't pay anymore but had to run away with people's money. So in a nutshell, maybe this platform offered more profits than mere investing in Bitcoin.

That’s exactly how a lot of investment scam and Ponzi schemes work. The early investors get paid, and that way they’re able to build trust which in turn attracts more investors to queue up so they can also cash out from it like the other investors. And the moment they’re able to gather enough funds, they vanish without a trace. This is reminder that when an opportunity looks too good to be true, or offer unusually high returns, one should be extra cautious when approaching such opportunities.

We need to learn from real life on these issues, because when we decide to do something out of greed, we often face losses. I personally think that Bitcoin is the only currency in which investing is a right decision and good. Many people invest in a coin without any research and end up facing losses. If a person invests without any research after listening to the comments of another person, then he will definitely face losses. It will not be a right decision for us to trust anyone else. We have to continue our research properly and find the right information and move forward and only after that we will decide whether to invest or not.

[Zoomic]

Many people ask others to invest in Bitcoin on their behalf because they see the potential profits but do not want to spend time learning how it works. They often believe that investing in Bitcoin is too technical, so they rely on friends, relatives, or self-proclaimed experts to make decisions for them. Unfortunately, this approach increases the risk of falling victim to scams or losing money through poor investment choices.

Before investing in Bitcoin, everyone should make an effort to understand the basics, such as how wallets work, how to secure private keys, and the risks associated with market volatility. You don't need to become an expert overnight, but having enough knowledge to make informed decisions is essential. Learning first and investing second is a much safer approach than handing your money to someone else without understanding what they are doing.

For a newbie, you made a solid point especially the part you talked about relying on friends or self-proclaimed experts.

Bitcoin's core philosophy is self-sovereignty, so when one decides to entrust their money to someone else, that philosophy is defeated.

If it's not your key, it's not your coins, that's why it's important to understand the market by yourself. Yes we know it takes time to understand Bitcoin volatility but it's something that anyone can learn to near perfection with time.

Practice with small amounts and gradually develop your knowledge, that's a better and more sustainable way to survive in the Bitcoin market without suffering huge losses than trusting a third party to help you invest.

[kawetsriyanto]

People believe someone with more experience would be able to make them profits faster. And sometimes it's true.

Even sometimes it can be true, it is too risky to rely on another one for our investment. If we want to get good profits, the best way is to improve our ability.

I'm taking Micheal saylor for instance, investors purchase BTC ETFs under his company believing he understands Bitcoin market, cycle, season, when to invest and many strategy that's involved in the market.

Saylor is very clear that he has the capability and he also invests in Bitcoin with huge funds. So, it makes sense that investors trust him. So far, Saylor is also consistent in holding Bitcoin, he really shows his trust on Bitcoin future. It is quite rare to have another person with the same capability as Saylor. Considering this matter, I don't suggest to trust another one as we trust Saylor.

It's not that they can't do all these by themselves, they just see it as a faster and much easier way to get their hands on profits. It's just almost ture, but the dangers in relying on a third party is extreme.

There is no term of an easier way to invest in Bitcoin. If we want to minimize the loss opportunity by asking help from an experienced one, it is even risker than investing ourselves. So, it isn't a safe way for Bitcoin investment.

[ColdLava40]

There is no term of an easier way to invest in Bitcoin. If we want to minimize the loss opportunity by asking help from an experienced one, it is even risker than investing ourselves. So, it isn't a safe way for Bitcoin investment

One thing that can be done here is to get the knowledge from those who are experienced and use it to your own satisfaction.

I don't know what to call it, laziness? Or just stupidity. Genuine help would be very keen not having any business with your money as they sometimes go through the trauma of people calling them names. Those who wants to reap you would not hesitate.

They prey on your fear and inability to understand simply market logic and that's why we still have many dump new investors in the market.