Lessons From the Biggest Bitcoin Losses in History.

[DYOR+BTC]

Don't wait for it to come because it might land on you in a very bad way, crypto scam is real and those who are affected never wish the were, there are lots of mistakes we do from our end in which permit for any form of scam to penetrate to us, because the scammers will always be looking after a particular vulnerability to serve as routes for them to attack, this is where we don't have to play with the security and privacy in crypto.

Yes avoiding lost in bitcoin is the best investment process in bitcoin because most lost are very difficult to get away with as it is like a stamp that can not be erased know matter what is based to do so.
All successful investors are once with unimaginable consciousness in all there activities because it is better to learn from the pains of others to to be used as a case study. To do away with it one must be careful in the type of decisions he takes and also avoid greed because greed is the key to failure

[suhadi88]

Also apart from being scammed, the other ways that people having been loosing their bitcoin is when they go and start storing their bitcoin in an exchange. Exchange are not a reliable way for person to store their bitcoin. Custodial wallet should always be us

Of course, even though we can only stare at our assets on the screen because they hold custody, we're still somewhat secure, especially if they don't mess with our funds. However, if the platform is robust, user funds can still be safe if they're hacked because they're bound by regulations, unless they collapse/go bankrupt, as in the past cases of FTX or Mt. Gox.

And what that sometimes infuriates users is cases of access restrictions and delays in large withdrawals to their bank accounts, citing the classic excuse of suspicious activity being detected, even though the withdrawals were made to accounts in their own names.

[laijsica]

Don't wait for it to come because it might land on you in a very bad way, crypto scam is real and those who are affected never wish the were, there are lots of mistakes we do from our end in which permit for any form of scam to penetrate to us, because the scammers will always be looking after a particular vulnerability to serve as routes for them to attack, this is where we don't have to play with the security and privacy in crypto.

Yes avoiding lost in bitcoin is the best investment process in bitcoin because most lost are very difficult to get away with as it is like a stamp that can not be erased know matter what is based to do so.
All successful investors are once with unimaginable consciousness in all there activities because it is better to learn from the pains of others to to be used as a case study. To do away with it one must be careful in the type of decisions he takes and also avoid greed because greed is the key to failure

I have not heard of anyone losing money on Bitcoin, which means I have not seen any long-term investors who have lost money on Bitcoin. They were more motivated and kept depositing Bitcoin. And they regretted panic selling.

There is no substitute for patience if you want to be involved in Bitcoin depositing for the long term and want to be successful in investing. If you study the case studies of investors who have lost money, you will realize that most of them had panic sold during the price decline. Or, those who lost money were greedy for short-term profits.

Emotional decisions are another reason for losses. To be successful in Bitcoin investing, stick to a long term plan and avoid putting pressure on your daily finances. Regular Bitcoin deposits through discretionary income and keep cash flow always be available for leading better position. Always be prepared for emergencies.

[kawetsriyanto]

The crypto space has always been a magnet for scammers because there is big money there.

Besides there is big money in crypto, scammers also can do varied ways through online activities. They can come from anywhere around the world because the digital world makes it possible for the scammers.

Fraud will never be 100% eliminated, but we can make our assets safer because fraud always takes advantage of our ignorance. It is very important to secure assets first with the principle of "Not your keys, not your assets) and prioritizing DYOR.

Indeed, it is impossible to stop frauds 100%. They come from anywhere around the world, how to stop them? Even, many of them are difficult to identify. So, they are free to do anything they want and they can appear at any time.

Sure, we can do preventive ways such as storing assets into non-custodial wallets because this kind of wallets is safer.

From my observations so far, not only in the crypto space, big money has always been the favorite place for fraudsters. The victims are often those who are in the most hurry and ignore all risks and those who are lazy to read or do DYOR.

True, it can happen at any field, it doesn't only in crypto. Fraudsters always try to deceive people anywhere.

[Out of mind]

Don't wait for it to come because it might land on you in a very bad way, crypto scam is real and those who are affected never wish the were, there are lots of mistakes we do from our end in which permit for any form of scam to penetrate to us, because the scammers will always be looking after a particular vulnerability to serve as routes for them to attack, this is where we don't have to play with the security and privacy in crypto.

There should be no compromise on security and privacy in the crypto world. There is a high chance of losing money due to a small mistake in crypto, especially when the seed phrases are not kept in a safe and secure place. Moreover, in the crypto world, there are often various traps of fraudsters who are new and do not understand much, due to which they have to fall victim to fraud. Fraudsters always look for weaknesses, wherever they are successful, they spend more time there. Those who step into their trap lose their money immediately. Those who are greedy in the hope of making more profit in crypto often bring their own losses. However, in every case, we have to be careful because most of the time fraudsters try to harm everyone on online platforms. Therefore, it is important to work with caution and experience in every case so that we do not suffer any damage and protect our privacy.

[Baki202]

Of course, even though we can only stare at our assets on the screen because they hold custody, we're still somewhat secure, especially if they don't mess with our funds. However, if the platform is robust, user funds can still be safe if they're hacked because they're bound by regulations, unless they collapse/go bankrupt, as in the past cases of FTX or Mt. Gox.

And a lot of cases have happened, and that is one one of the things people need to start with is the security of your assets because that way you will know that whatever happens is your fault, because if it's in your custody, then it is meant to be safe compared to when it's on an exchange. We all should know the risk behind that because it is clear not your keys, not your coin. The case of FTX is a huge one.

And what that sometimes infuriates users is cases of access restrictions and delays in large withdrawals to their bank accounts, citing the classic excuse of suspicious activity being detected, even though the withdrawals were made to accounts in their own names.

A lot of things, and these guys are always looking for ways to steal from people, and when you tell them to go for knowledge, they think it's all a joke, and they should understand that knowledge acquisition is not only for learning but also for asset security. When things go wrong, you will undoubtedly suspect a wide range of actions, which is simply the reality.

[Supreme Donvic]

Don't wait for it to come because it might land on you in a very bad way, crypto scam is real and those who are affected never wish the were, there are lots of mistakes we do from our end in which permit for any form of scam to penetrate to us, because the scammers will always be looking after a particular vulnerability to serve as routes for them to attack, this is where we don't have to play with the security and privacy in crypto.

in crypto, scamming is something that should not be neglected. Scammers will always come at you when something is financially involved. Crypto is a big financial platform with huge financial opportunities. There are many opportunities in crypto particularly as an alternative to the fiat. The over controlling aspect of fiat by the government and it's stakeholders have made crypto a major breakthrough. They have tried to copy the crypto by coming up with some digital assets but it does not in any way affects the potentials and the barriers broken by the bitcoin technology.

I agree with you on the importance of cryptocurrency scam. Because the more awareness there is in cryptocurrency, the more fraudsters are finding new ways to trap people. Those who are new and less experienced are naturally getting affected with scam. Therefore, it is important for everyone to have an idea of ​​what kind of scams there can be on a regular basis. And if there is any doubt, it is better to refrain from clicking on any link.

I love it when people share their scam experience or when they see a scam that can affect people they share it, I have benefited from a lot of experience that have been shared in this forum, when you have an idea about new scam strategies it will help you avoid getting scammed. Those who are new into cryptocurrency should always take any scam issues they see online serious they should read through it and make sure that they avoid any business that concerns there wallet or cryptocurrency especially when the business or deal is too good to be true.