Bitcoin is not new, So why are scams still working?

[Cryptmuster]

Bitcoin is no longer new, and crypto scams have been around for years already. People should already know the basic red flags by now, like guaranteed profit, fake investment platforms, and strangers offering easy money.

But why are we still seeing reports of millions, even billions, lost to crypto scams?

Now with AI, scammers can create more convincing messages, fake profiles, fake voices, and even fake videos. So maybe scams are becoming harder to detect, or maybe people are still too careless when money and profit are involved.

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

The same types of scams that target Bitcoin are also used in many other forms of fraud. The only thing that changes is the asset being stolen, the underlying schemes remain largely the same as they have been for many years.

The most common scams involve fraudsters contacting victims and encouraging them to invest in Bitcoin or other cryptocurrencies while promising exceptionally high returns through trading bots, secret strategies, or other supposedly proven methods. Unsuspecting people believe these claims, invest their money, and then the scammers disappear with the funds.

That is why I don't think Bitcoin itself is the problem. If Bitcoin did not exist, the same type of scheme could easily be carried out using traditional fiat currencies or other investments. The real issue is not Bitcoin, but the willingness of some people to trust promises of unusually high profits and quick financial gains.

[Proty]

Bitcoin is no longer new, and crypto scams have been around for years already. People should already know the basic red flags by now, like guaranteed profit, fake investment platforms, and strangers offering easy money.

But why are we still seeing reports of millions, even billions, lost to crypto scams?

Now with AI, scammers can create more convincing messages, fake profiles, fake voices, and even fake videos. So maybe scams are becoming harder to detect, or maybe people are still too careless when money and profit are involved.

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

There are many people out there that can easily fall to scam even if crypto scams has been ongoing for a long time. Scammers are always coming up with new ways of scamming people. Therefore, the fact that bitcoin has been for a long time now doesn't change or mean that bitcoin investors are immune to scam. There are so many ways scammers can used in scamming bitcioners. The best solution is just for one to stay update with the latest crypto scams to avoid falling victim of such scams

[Felicity_Tide]

Bitcoin is no longer new, and crypto scams have been around for years already. People should already know the basic red flags by now, like guaranteed profit, fake investment platforms, and strangers offering easy money.

But why are we still seeing reports of millions, even billions, lost to crypto scams?

That's because a lot of people don't evolve, while some slowly evolve with current happenings.
They often come across these information involving scams, but they don't put it into consideration because it hasn't happened to them. People's awareness hasn't been triggered yet, so there is always a likelihood to fall victim.

And again, scammers can be very smart when it comes to handling these types of victims. You see people who are often sceptical about certain proposals, end up falling victim just because they never trusted their own instincts. A lot of people are still very much their own vulnerabilities, and scammers often target those loopholes.

[passwordnow]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

Everyone can be of lack on this one. Because each has the role to stop it but they didn't and it is us, the end users are the ones to decide to fall for it. When we're too gullible and we don't do DYOR, we're going to fall as victims on these scams. They have even knew these scams and so with some few searches, they should figure it out if it's a legitimate investment that they're investing or not. But due to laziness, they don't do that and just finds someone to blame for their fall.

[Wiwo]

One thing with scammers is that they are always on the look out for better cances to beat people intelligence that is the reason you see the making use of any widely accepted development.

AI is a relatively new tool that not many know it content so for that reason, scammers see AI as tool to get their victims using it to fake identity and other concessions, this will definitely not be different from what it is with cryptocurrency it will always be abused.

[Oasisman]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

All of these, I guess?

These scammers should've stopped their schemes if there are only few people fell for it, but since there are still a lot of them who continuously take their financial security for granted, they would fall for it over and over until they learn. Also, there are people who's relatively new to Bitcoin and were introduced in a very hyped way, which causes them to believe everything, even those mind blowing, too good to be true ROI. Less techy people are more susceptible to this, as they lack the ability to do their due diligence, and indentify the work of an AI.

Though the government did actually released some advisories against the platforms that holds a lot of red flags, but I think they could still do better than that.

[Faisal2202]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

These fake investment platforms guarantee high returns, while investing directly in Bitcoin does not come with any such guarantee. That is why many people prefer investing in these fake platforms instead of directly buying BTC. So who is making the mistake here? Of course, the greedy people who think BTC is out of their reach because of its high price. They go after useless projects, and when they lose money, they call crypto a scam for a month, then invest again in another similar project haha.

AI has also increased the productivity of these scammers. Obviously everyone plays a role here, because you cannot clap with one hand, unless it is the butt of these people haha.

[Patikno]

Bitcoin is no longer new, and crypto scams have been around for years already. People should already know the basic red flags by now, like guaranteed profit, fake investment platforms, and strangers offering easy money.

But why are we still seeing reports of millions, even billions, lost to crypto scams?

Crypto scams have nothing to do with someone new or old knowledge of Bitcoin, or to other cryptocurrencies. It is simply a matter of a lack of skepticism regarding the information they receive, and a lack of curiosity to verify its veracity. Well, it is true, that people new to Bitcoin or crypto are often vulnerable to scams, but wouldn't they be less likely to fall for the scams if they had the skills (manners) I mentioned earlier?

Essentially, skepticism coupled with critical thinking will prevent someone from being easily deceived, and I have often advised people to adopt this approach. I believe these two important things need to be used as guidelines to avoid all forms of scams.

[Hamza2424]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

Bro, greed and desperation will always blind users, and it causes them to bypass basic caution. Even if others warn them to avoid such platforms, they still go for them. These platforms have no direct link with Bitcoin as we know, but people with less knowledge invest in them because of the promise of high fixed returns, which look much more attractive than the lower interest rates offered by banks.

I have not personally seen a case where scammers used AI in a highly sophisticated way, but I am sure they already have better models and agents that can message or email people in a very realistic manner. So yes, they have likely become much better at social engineering. And if scammers are using AI, then authorities are also trying to adopt it to slow down scams or catch criminals. But with easy access to AI deepfakes and fraudulent advertisements, scams have increased, and authorities are not doing enough against such cases. That is why we are seeing more reported incidents than ever before.

[PhilosopherKing]

One thing with scammers is that they are always on the look out for better cances to beat people intelligence that is the reason you see the making use of any widely accepted development.

AI is a relatively new tool that not many know it content so for that reason, scammers see AI as tool to get their victims using it to fake identity and other concessions, this will definitely not be different from what it is with cryptocurrency it will always be abused.

I think it is the user that should be blamed. Let just say that greediness and carelessness is the why many person get scammed so easily.They believe everything they see because of greediness and it is carelessness that will now make the person to give out sensitive information about their self so easy that they don't even give it a second thought.

My philosophy about this scam of a thing is that It is good for every person to mind their business and stay far away from anything that looks too good to be true. This life is dealing a lot with some lots and they don't mind duping the and destroying another person just so they can be able to eat their next meal.

[Odogwu-Blockchain]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

Dont blame anyone. No, not even one, even the victims arent to be blamed too. If you get scammed once, its not your fault, if twice, then the fault is yours. Those who cant read, research and learn more on how these scammers operate, the tricks that lures, the pattern of investment that looks different from the original platforms, the convincing format that strikes harder.

All these are what victims should research about to avoid been trapped next time. Those who refuse to learn are to be blamed.

[Ziskinberg]

The direct answer to this, because there are still new users who fall to such scams. There are new investors who chose to just invest mainly for profits, without calculating the risk first, and because scammers take time to level up, so that the opportunity to gain sustainable income will remain highly possible.

Scams will not only work if there are no stupid people entering bitcoin. But then again, we can't expect that all of them will enter bitcoin with stock knowledge about how bitcoin works and how to avoid the different tactics of crypto scammers.

[Boiboi20]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

We can see how the old methods of scammers are still being used to find potential victims. Those who have long been familiar with Bitcoin and crypto are not necessarily free from the risk of being scammed. It's just that I believe scammers target beginners more. We know that nowadays more and more people are interested in owning or trading Bitcoin. With limited knowledge, beginners are more vulnerable to schemes designed by scammers.

That is true scammers may keep changing details but the basic trick they use have not really changed while anyone can become a victim beginning are usually the main targets because they are still learning how bitcoin and crypto work with more people entering the space every day scammers have large pool of inexperienced users to exploit that why time to learn and verify information before making decisions is so important.

[liasbaa]

If you summarize why hacking incidents happen, the main reason is carelessness. This carelessness can be due to installing fake apps that are basically designed to hack phones or laptops. Many ordinary investors are deceived by the greed of earning money with little effort because scammers wait for you to make a mistake.

Fake ads are floating on social media and if you click on them carelessly, your device will be in the hands of scammers and they will steal your wealth conveniently.

If you lose your wealth, you will not be able to blame anyone. Finally, the solution is not to be greedy and not to be tempted by others for more wealth with little effort. You will not get the government on your side because the government does not want you to buy and hold crypto through fiat.

[michellee]

Those who don't learn more will gets scam and underestimate the way to secure their assets. They think they used a good way but that is not enough because scammers will use other ways to trick their target.

They don't double check and research for something new and just join like that. That puts them in a risk, once they join and send the money to the unknown site, they might losing the money and with the help of AI, scammers have easiness to trick their target.

They can use the old ways but modifying with a new one so their target will not realize if they are the target.

It is not fully related to the government but it is related to the users itself. If they can be careful and always research, they will avoid the scam.

[Luzin]

One thing with scammers is that they are always on the look out for better cances to beat people intelligence that is the reason you see the making use of any widely accepted development.

Evil people always exist, so even though Bitcoin has been around for a long time, evil people for Bitcoin will always be there. Bitcoin technology is good, but evil people exploit the weaknesses of its owners. Whether old or new, this cannot be the basis to assume that there are no weaknesses that criminals can exploit. It seems that evil people in certain areas will always exist to gain profit, so hoping that crime will disappear will not happen. We just need to continue being careful not to make mistakes that make criminals happy.

[Taskford]

So who is really lacking here? The users who still fall for these scams, the platforms that allow fake ads and fake apps, or the government for not doing enough?

We can see how the old methods of scammers are still being used to find potential victims. Those who have long been familiar with Bitcoin and crypto are not necessarily free from the risk of being scammed. It's just that I believe scammers target beginners more. We know that nowadays more and more people are interested in owning or trading Bitcoin. With limited knowledge, beginners are more vulnerable to schemes designed by scammers.

That is true scammers may keep changing details but the basic trick they use have not really changed while anyone can become a victim beginning are usually the main targets because they are still learning how bitcoin and crypto work with more people entering the space every day scammers have large pool of inexperienced users to exploit that why time to learn and verify information before making decisions is so important.

There methods don't actually change since they always operating on a ponzi schemes system. Those people have knowledge about it is hard to get scam with this and they are really the main target of those scammers.

Their real target is those people newly enters on the scene, because their knowledge is fresh and most likely they are the one will easily get caught by promise of earning passive income without doing nothing by investing on their hyip or cloudmining scams.

[Livingleged]

Scamers  will always  want to pull up a better scamming  stragety  if the method that have been using  become  known  to user and everyone  is being  careful with it.

The way you try to avoid  being  scam  is just the way the Scamers  are chasing  you because  that's literally  what they do for a living. it's just left for user to be at alert and double  check every  step  before  confirming  or finalizing  any decisions  that has to do with  bitcoin.

In an open space  it's just you that will safe your self no body  else will, scam has been there for a while but yet people  still fall for them via  different  strategies. Best thing  you'll do for yourself  is to avoid  anything  that you're  doubtful  of let greed not lead you to destruction  and also relate  with people  to know about what's going  on that way you'll  be safe.

[tbct_mt2]

There methods don't actually change since they always operating on a ponzi schemes system. Those people have knowledge about it is hard to get scam with this and they are really the main target of those scammers.

Their real target is those people newly enters on the scene, because their knowledge is fresh and most likely they are the one will easily get caught by promise of earning passive income without doing nothing by investing on their hyip or cloudmining scams.

Scammers mostly target newbies and inexperienced people who are most sensitive and vulnerable to be scammed. Beginners are most easily victims of scammers but they can prepare their journeys by learning and knowing about most common scam methods used by scammers. If starters actually have such preparation, they can reduce risk of be scammed a lot.

Collection of comprehensive guides on identify and avoid scam projects.
Cloudmining 101 (ponzi risk assessment).

[Razmirraz]

The reason why fraudsters are so difficult to eradicate is because of a lack of education and the desire to make quick profits (FOMO) often overpowering logic (greed). Users should be the last line of defense and the ones who bear the financial losses directly, even though the basic warning signs are known, many users still fall into the trap of fraudsters due to not understanding how decentralized blockchain technology works and not having an awareness of the responsibility to protect themselves. In my opinion, the reason behind the continued occurrence of fraud today is because "greed makes logic die", as long as there are still users who cannot detect danger signs, fraudsters will never run out of work.

In fact, the warning signs of crypto fraud have been circulating for a long time, but due to the mindset of users who are not upgraded to the latest version, fraudsters always have loopholes. While some veteran users may be savvy enough to spot scams, there are new generations under 20 who are starting to invest in Bitcoin for the first time every day. Of course, this is something new for new users and they don't want to miss the train so their psychology is very easily infiltrated by the tricks used by fraudsters.