If you get misleaded it's your fault

[Fiasem20]

Sometimes, I even feel that we shouldn’t even do more talking and convincing, I mean their interest in it should be what should be driving them to even learn more and more from us. Not like I’m okay withholding information about Bitcoin, but the only persons I tell or teach about bitcoin investing are those who I’m very sure and have seen their interest. If I haven’t seen that interest and drive in them, then I’m not sure I’ll be the one on the other end trying to do all the convincing and showing the proofs of why people should invest in Bitcoin. It’s just not my thing.

Bitcoin has its own risk and that is why we must not try to convince people to come and invest in Bitcoin. I have made this my rule that I only give advice on Bitcoin when someone asks for it and that advice is to best of my knowledge. Bitcoin already has a community that has members in every country, so there is no need to go and ask people to come and invest in Bitcoin. If someone invest in bitcoin on your advice then he will held you responsible if his money got struck due to bearish trend in Bitcoin market.

The thing is people who try to convince others about investing in bitcoin most times don’t emphasize on the bearish season.They only throw more emphasis on the bull run and trying to convince them with bitcoin price history.It’s fine to make emphasis on the positive side of bitcoin and there’s also no harm in disclosing the risky aspect which is it’s volatility and security.Most people would be wondering why I mentioned “security” as a risk to be considered,ofcourse when you don’t know how to secure your holdings for the short or long term you might find them in the hands of scammers,so it would be wise to enlighten them about the security tips of bitcoin investment.Lastly,forcing an individual to invest in bitcoin isn’t ideal instead let them make their financial decisions themselves.

[348Judah]

The internet space is wide enough for everyone to have access to information and learn except we are redundant on this regard, sometimes we also need to take extra step to learn more and also verify information's received to know how genuine they are before treating them as received, these are the mistakes so many people make when they are expected to make a review on anything they receive before taking action directly without any consultation to know how to such information could be.

[Swift_tr]

Just because a company has made name publicly shouldn't be enough to convince you that they are 100% reliable and cannot fail because anything is possible, you have to keep an open mind.

[Tungbulu]

The internet space is wide enough for everyone to have access to information and learn except we are redundant on this regard, sometimes we also need to take extra step to learn more and also verify information's received to know how genuine they are before treating them as received, these are the mistakes so many people make when they are expected to make a review on anything they receive before taking action directly without any consultation to know how to such information could be.

That’s right. It’s one thing to have access to information, and it’s another thing to know how to interpret and verify it too, and I think this is actually what really makes information powerful, because information can only be powerful in the hands of someone who actually knows how to use them. The problem with people is that, they often act too quickly without even taking some time to check and verify the source or even seek a second opinion. No matter how convincing and legit something looks or appears to be, as long as it’s new to you, it’s always crucial to take some time to research and confirm the information first before making any decisions so as to avoid making decisions that one would end up regretting later on.

[Nwada001]

We should restrict ourselves in telling our friends or family members about importance of Bitcoin, so that they can start doing research on bitcoin and find out themselves that whether it’s a good investment or not. If you convince someone to invest in Bitcoin and he faces loss then he will hold you responsible for that loss. That will also have bad impact on your relation with that guy. Before you try to convince someone to invest in Bitcoin, just keep these things in your mind.   

The approach in which people use to introduce Bitcoin to others matters how they will react or the type of responsibility they will put on the person. I don’t go around convincing people to come and invest in Bitcoin; what I can only do is share the knowledge with you and allow you to make your own decision. It's when you convince the person as if you are a shareholder who is benefiting from their investment that they can hold you fully accountable when they experience any loss due to their own carelessness.

[PrivacyG]

WDYM? Will Google be brute forcing encrypted files hosted on their drive with powerful computer they may get their hands on?

Google is excited about any opportunity they have to harvest your data, they not need a particular other motive to do this.

Lol, they don't need to do that, plenty people save their sensitive files there without any encryption.

That data is not manually reviewed any way, it goes through automated processing.  Your encrypted file is not.

Who guarantees however that an employee does not get access to an older badly encrypted file you forgot about?

Also, Google is running their business well ethically, why would they be shooting their own foot doing something malicious?

Only a fool would believe Google has ANY thing to do with good ethics.

[libert19]

Lol, they don't need to do that, plenty people save their sensitive files there without any encryption.

That data is not manually reviewed any way, it goes through automated processing.  Your encrypted file is not.

Who guarantees however that an employee does not get access to an older badly encrypted file you forgot about?

Doesn't make sense, or I don't understand you. Why would encrypted files stored be getting special attention and 'unencrypted files' are processed automatically?

Again, I'd repeat, let's leave encrypted files and their fate alone and stick to public data where employee with malicious intentions can bother with. Plus, I am sure, Google wouldn't be so lax in giving anybody everybody permission to access this public data — there is reason it has become reputed as it is.

Also, Google is running their business well ethically, why would they be shooting their own foot doing something malicious?

Only a fool would believe Google has ANY thing to do with good ethics.

I saw that coming. I feel lazy to write all my thoughts, and people jump over me. But, then again it's only fair because, I didn't actually write it.

Anyway, I meant, 'ethically' as in not blatantly malicious.

[Queen uloma]

Well, people are lazy. That is why we see their trust in exchanges and the storage of their funds on exchanges. Similarly, all cloud storage seems to have been invented for the security of user data, but this is just another convenience that turns people into those who can be managed. You are promised to save everything, calculate everything, and do everything for you. And yes, people are used to convenience. We are unknowingly turning into those who allow machines to control people. Newbies are the first victims of comfort civilization. But bitcoin carried a completely different idea. Be independent in everything. And those who do not want to grow up, study, and trust only themselves, let them learn from their sometimes sad experiences.

You’re very correct. people like convenience, and most times this make them to put too much trust in cloud storage and exchanges without really understanding the risks involve. Bitcoin came with a different mindset, take responsibility, learn and control your own funds. If we always depend on machine and other people to do everything for us, we can lose the independence that bitcoin is suppose to give us.

[Tmoonz]

We should restrict ourselves in telling our friends or family members about importance of Bitcoin, so that they can start doing research on bitcoin and find out themselves that whether it’s a good investment or not. If you convince someone to invest in Bitcoin and he faces loss then he will hold you responsible for that loss. That will also have bad impact on your relation with that guy. Before you try to convince someone to invest in Bitcoin, just keep these things in your mind.   

The approach in which people use to introduce Bitcoin to others matters how they will react or the type of responsibility they will put on the person. I don’t go around convincing people to come and invest in Bitcoin; what I can only do is share the knowledge with you and allow you to make your own decision. It's when you convince the person as if you are a shareholder who is benefiting from their investment that they can hold you fully accountable when they experience any loss due to their own carelessness.

That's true, approach really matters, and as a result of this most people are poorly oriented about Bitcoin. It is ok to tell people about Bitcoin but your choice of words are very important. One of the basic things I have learnt is that investing in Bitcoin is a personal decision and conviction not allowing someone do that for you, and this will be good if every newbie will get this concept as soon as possible before jumping in to investing in Bitcoin maybe because that is what is being talked about or every one else around them are doing.

[Cookdata]

The internet space is wide enough for everyone to have access to information and learn except we are redundant on this regard, sometimes we also need to take extra step to learn more and also verify information's received to know how genuine they are before treating them as received, these are the mistakes so many people make when they are expected to make a review on anything they receive before taking action directly without any consultation to know how to such information could be.

The internet is wide enough but same internet is full of alter information. For instance, you can browse about private keys and public keys but somehow Binance academy has enrich Google search engine words, they tend to appear among top answers on Google because of key words. If you visit the website, they have some basic explanations about what you're looking for but they have this habit of always recommending their hinge to people.

For example, you can search about wallet now and the next thing they do is explain everything you need to know and then recommend Trust wallet for people. Meanwhile, Trust wallet is not open source, they are closed source, so many flags in the past that will make you doubt about their services. There was a time trust wallet do have Bitcoin server issues, and it does not have alternative to connect to other nodes, I don't know if they have sorted it out. You have to learn how to filter some information from internet.

[348Judah]

We are going to Bear full responsibility to any lost cost by our action in cryptocurrency, therefore because taking any step, we must weigh in between the advantage and disadvantage it may cause us, because no one will be responsible for us that to embrace our luck in whatever thing we decided to do, we should also not conclude on anything except being verified to be authentic by other sources that are reliable, while a good example is this forum to be considered for learning.

[Nanga Parbat]

Sometimes we ask questions on things we are not really sure of, and on the process you will like see the good ones who are willing to help you, and also those who will like to take advantage of you, and probably mislead you . It is wise to seek for help from the right place, and in the cause of asking for help be careful not to endanger yourself as you look for help.

Asking and talking is always the best way of increasing knowledge and having updates because no one is complete; everyone has weaknesses and strong points. Just because of this, if someone is having any doubt about anything, he needs to ask because this will help him and many others who are also in the learning process. Life is always a process of giving and taking from around. Here in this community and on this forum easy way to ask write and submit many will give you good updates and tips which will increase knowledge and also things will be spread for me I always love to read about many things after joining this forum I am having enough new things which are working positive for me in real life and now I am having enough changes forum is surely one of the best way to stay on good track for many things but needs to be stay positive.

[Dzwaafu11]

You don't have to be surprised, because lack of confidence makes some people act foolishly. They will be eager to know how to invest in Bitcoin, but when they are encouraged to try it themselves, some of them won't, as they will think they can't get it right even when they haven't given it a try and there is no amount of words that will make them give it a try. Instead, they will beg the one who taught them to do it for them. And maybe, if things don't go as planned, they will put the blame on others, when they should have taken accountability for their own actions.

But it's really surprising when someone think giving another person your money to invest in Bitcoin, the best thjng after acquiring the knowledge of how to invest in Bitcoin, why not just do it your self as an investor who is actually ready to make money from crypto space.

Some of the beginners think this work and is all the same thing, the most important thing is the knowledge of what you are doing, and  invest your self it will be better than  giving another person money to invest in bitcoin for you, because when the market red the investor will definitely blame the person he gave the money, and for me I can't take money from any beginner to invest for them.

[DPHOR]

Usually anyone who understands how the system works would never allowed themselves to be deceived by anyone or platform just for them to have a total control of your backup seed. Of course, most of these people who are currently hunting online could do whatever that is possible for them to have access to your seedphrase, but if I must know, seedphrase, private or restore code and keys aren't meant to be stored on third party site instead they should be the one to store those keys on their own and in private where no one has access to it. I do not see any reason why a platform would want to backup keys for you knowing too well that the risk is extremely higher than expected, and of course anything could possibly happen from their ends after knowing the worth of your address.

[Tungbulu]

But it's really surprising when someone think giving another person your money to invest in Bitcoin, the best thjng after acquiring the knowledge of how to invest in Bitcoin, why not just do it your self as an investor who is actually ready to make money from crypto space.

Some of the beginners think this work and is all the same thing, the most important thing is the knowledge of what you are doing, and  invest your self it will be better than  giving another person money to invest in bitcoin for you, because when the market red the investor will definitely blame the person he gave the money, and for me I can't take money from any beginner to invest for them.

Well that only shows that some people, even with knowing how Bitcoin investment works are still very naive and ignorant, because the core value and purpose of bitcoin is to give privacy and self custody to its investors, and if an investor is acting in this way, I mean giving someone else money to invest for them, maybe due to lack of confidence of fear of one thing or the other, they’re literally going against those values, and when that happens, anything can happen, and when things go wrong, some of them might even end up blaming Bitcoin for their own foolishness.

[Nheer]

But it's really surprising when someone think giving another person your money to invest in Bitcoin, the best thjng after acquiring the knowledge of how to invest in Bitcoin, why not just do it your self as an investor who is actually ready to make money from crypto space.

Some of the beginners think this work and is all the same thing, the most important thing is the knowledge of what you are doing, and  invest your self it will be better than  giving another person money to invest in bitcoin for you, because when the market red the investor will definitely blame the person he gave the money, and for me I can't take money from any beginner to invest for them.

Well that only shows that some people, even with knowing how Bitcoin investment works are still very naive and ignorant, because the core value and purpose of bitcoin is to give privacy and self custody to its investors, and if an investor is acting in this way, I mean giving someone else money to invest for them, maybe due to lack of confidence of fear of one thing or the other, they’re literally going against those values, and when that happens, anything can happen, and when things go wrong, some of them might even end up blaming Bitcoin for their own foolishness.

Acting ignorant and being lazy about bitcoin investment can pushes us into wrong thinking and blaming others for our own actions. Knowing about how bitcoin investment works and at the end part we end up giving our investment to someone else to handle for us when we can take that responsibility ourselves better and follow up the investment with tenderness is absolutely wrong especially when there isn’t any solid reasons about it. The outcome of the investment shouldn’t get us startled at all especially when it ends in the negative results because we could have handled the situation properly but our ignorance and acts of laziness made us take the decision of trusting someone else.

[Iamgoat]

The internet space is wide enough for everyone to have access to information and learn except we are redundant on this regard, sometimes we also need to take extra step to learn more and also verify information's received to know how genuine they are before treating them as received, these are the mistakes so many people make when they are expected to make a review on anything they receive before taking action directly without any consultation to know how to such information could be.

Disinformation and subsequently misinformation has caused a lot of damage to the society today in terms of education, healthcare and other germain issues bothering us and in most cases, a single search for the right information could have simply taken us out of the troubles which come with such misleading information. It also the same thing when it comes to our financials in relations to bitcoin and other cryptocurrencies. When you don’t have the right information and you don’t make efforts to find or investigate the right information you will end up being misinformed and such is disastrous. It is disastrous because whatever is going to happen to your funds to the point it will take away your finances to either scams or any other ways.

[CryptoHeadlineNews]

I had to lecture this guy to never give in to any cloud storage backups, even if Robinhood own the cloud storage this is wrong.
To confuse him I had to tell him about what happened to me in the past storing recovery seed in a cloud account.

He was willing to take the risk simply because it is Robinhood, they are big he said again, but there is no such thing as been big when it comes to your recovery seed I told him, I think this will probably safe one or two beginners on here too.

Cloud storage is a wrong place for your recovery seed, do not be misleaded by centralised crypto companies who are acting like they know what's best for everyone.

It's just sad that most newbies might have fallen victim to this type of scam while thinking they were protecting their Bitcoin by embracing cloud storage. But unknowing to them, that was the worst mistake ever by manually inputting your wallet seed phrase into a cloud storage, which might be prone to hack, and the entire funds lost for good.. Because as a Bitcoin investor, anything that has to do with you showing your wallet seed phrases is a complete red flag, just as displayed on the Robinhood app shown above, and one important lesson I have learnt so far is not your key not your coin. And same way our seed phrase also deserves to be protected with priority.

[#CapsLOck]

The more serious issue in my mind is not only the fact that cloud backups are a risky practice, but it's the way in which it is offered to the novice. A new user may think that. When a wallet provides a way to back up. It has been developed and approved as a secure solution to safeguards its money. The convenience can then get confused with the security. At this point users should acknowledge that the wallet has no way of knowing what the safest way is to store their recovery phrase. And the wallet allows it is not the same thing. It is important to ask questions about even the security measures in built into the wallet when using self custody not trust them.

[drangos]

The downside of cloud backup is its ability to make people think it's backups and not safe backups especially the novices. The recovery phrase. If it is stored where it is easy to access. Is the equivalent of the key to the wallet and therefore the security model is completely different. If the recovery process and/or access to the account or the device itself is compromised. There remain risks even with strong encryption. I believe that wallets should be much more explicit about the security compromise. They should not be marketed as a equally secure alternative to offline storage when that is not the case.