If you get misleaded it's your fault

[Jerrycrypto2024]

I will agree reason been that even bigginer who lack knowledge after a while should reason security and follow approved approach that will be more secure that exposing all his asset where he will regret because such situations really call to blamed the victim for such lost. To be lazy in your asset not given called attention and security signify the investor not valuing what it labour for because what you value all measure necessary would be applied to secure it.

[Loyang]

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.

One of our biggest problems is that we become dependent on other people instead of ourselves, that is why we face such a situation. If a person does research and if he researches from one place then he will definitely be able to get the right information. But now we see one thing in the case of almost most of the people that every person does not do research properly and if they hear something from somewhere then they go ahead and do not research whether the information they have is correct or not.

Again there are many who acquire half knowledge and they do not feel the need to acquire the full amount of knowledge. Such a person always faces losses and such a person most of the time tells wrong information to everyone

[Nathrixxx]

Any misinformation or deception with other people and the use of cryptocurrency should be our full responsibility, because we are expected to relay all information with authentication to confirm if they are genuine or not; no one will bear full responsibility for us other than facing the consequences of any decision we have taken with any involvement with cryptocurrency. This is why it is more often said that we should do our own research by ourselves and also be educated to verify the information verified.

[DYOR+BTC]

I will agree reason been that even bigginer who lack knowledge after a while should reason security and follow approved approach that will be more secure that exposing all his asset where he will regret because such situations really call to blamed the victim for such lost. To be lazy in your asset not given called attention and security signify the investor not valuing what it labour for because what you value all measure necessary would be applied to secure it.

This issue of providing adequate security to our assets calls for serious concern because it will be of know important if after sacrificing all to invest and then later loss it because of minor mistake that can be prevented.  The first to consider as a wise investor is the security aspect of once assets and must be done with all means possible.
Most beginners are carried away by the profits generated and fails to consider securing there assets with the most preferred strategy  available maybe because of laziness or even other reasons best known to them but to become a good investor,  one must never joke with the security aspect of his assets.

[Perfect-World]

I will agree reason been that even bigginer who lack knowledge after a while should reason security and follow approved approach that will be more secure that exposing all his asset where he will regret because such situations really call to blamed the victim for such lost. To be lazy in your asset not given called attention and security signify the investor not valuing what it labour for because what you value all measure necessary would be applied to secure it.

If we don't blame the victim, who else do we blame? But scam looks so real and a beginner may not notice. Everyday, scammers are hell bent on stealing from someone, and with just a little mistake or click, your assets are gone without trace and unretrievable. It's just so painful that a newbie in the crypto space gets scammed of his coins just like that. Sometimes, excitement will make them not to think properly and access the information properly before accepting. Sometimes too, they don't have any idea at all, and they also fail to ask questions, and they fall. With the daily news on crypto scams, everyone has to be careful, even the newbies have to be wiser

[AmaGold70]

Your wallet seed phrase is not meant to be stored online or in the Internet. It is generated while you open your wallet account, and it is only advisable to write it out , and safely keep it where no one will have access to it, but when you back it up using the cloud, it means it is still connected to the Internet which is not meant to be so. This is the actual reason why many cryptocurrency or Bitcoin investors are loosing their fund, and some investors will subscribe to backing up the recovery phrase, and when they finally loose their fund, they might not even know where the fault is coming from. This is what investors should know more especially the newbies, because these security awareness is what will keep you safe in in your bitcoin investment journey.

[Yeesha]

Your wallet seed phrase is not meant to be stored online or in the Internet. It is generated while you open your wallet account, and it is only advisable to write it out , and safely keep it where no one will have access to it, but when you back it up using the cloud, it means it is still connected to the Internet which is not meant to be so. This is the actual reason why many cryptocurrency or Bitcoin investors are loosing their fund, and some investors will subscribe to backing up the recovery phrase, and when they finally loose their fund, they might not even know where the fault is coming from. This is what investors should know more especially the newbies, because these security awareness is what will keep you safe in in your bitcoin investment journey.

If your seed phrase is stored online or in the Internet people can easily generate it. It is beginner investor that will have this problem much, because I believe some of the experienced ones must have learnt their lesson. Ensuring that you hide your seed phrase in a safe place is very necessary. The technology has advance now, their is a possibility for scammers to generate a link, that immediately you click on it, it will direct them to where your personal data or informations are stored, including your seed phrase, anything is possible in this era, because everything has become more easier. As an investor it is important to be very vigilant in order to prevent anything that is unfavorable to you.

[Itz-prisigold]

If we don't blame the victim, who else do we blame? But scam looks so real and a beginner may not notice. Everyday, scammers are hell bent on stealing from someone, and with just a little mistake or click, your assets are gone without trace and unretrievable. It's just so painful that a newbie in the crypto space gets scammed of his coins just like that. Sometimes, excitement will make them not to think properly and access the information properly before accepting. Sometimes too, they don't have any idea at all, and they also fail to ask questions, and they fall. With the daily news on crypto scams, everyone has to be careful, even the newbies have to be wiser

I believe the challenging thing is that most newbies often don't even know what kind of questions they are supposed to be asking. Even the most careful users has ended up making mistakes because they don't understand how a wallet or recovery seed works.

Therefore I think it's best to get the basic information about Bitcoin first, before even considering putting in a huge sum of money into crypto.  You don't have to know everything, but you must be aware of how someone might be able to access your money. A newbie who understands these simple things will easily be able to know when something is fishy.

[Queen Julie]

I will agree reason been that even bigginer who lack knowledge after a while should reason security and follow approved approach that will be more secure that exposing all his asset where he will regret because such situations really call to blamed the victim for such lost. To be lazy in your asset not given called attention and security signify the investor not valuing what it labour for because what you value all measure necessary would be applied to secure it.

Surely the beginner is to be blamed for the misfortune. Though most beginners were not properly taught security by the person who introduced crypto to them. And that has been the reason why many beginners are easily scammed. A beginner who was taught security very well has himself to blame, with no excuse for losing his crypto.

A word is enough for the wise. If a beginner takes security lightly after being told of the consequences, he will learn the hard way. By then, he has lost most of his coins in the process.

[Tonimez]

Any misinformation or deception with other people and the use of cryptocurrency should be our full responsibility, because we are expected to relay all information with authentication to confirm if they are genuine or not; no one will bear full responsibility for us other than facing the consequences of any decision we have taken with any involvement with cryptocurrency. This is why it is more often said that we should do our own research by ourselves and also be educated to verify the information verified.

Doing your own research is very important in many ways because it allows you to verify why a given tip is that way and whether it's genuine. However, it's not everyone who can do the right research. Some have a biased approach to doing their research and they end up getting stucked in the middle after failing to secure their coins.

A beginner shouldn't be allowed to his own fate on the ground of Do your own research because it's only what you've learned better that you can research better on. In fact, beginners get more confused while doing some research on their own. Many great men learned from someone, so let's not use the do your own research format to push beginners into making mistakes.

[MusaPk]

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.

We should share our knowledge about Bitcoin only if someone asks for it and we must also cover aspects of Bitcoin like it's volatility, bearish seasons and stuff like that which can give stress to newcomers who don't have that knowledge in advance. If someone is still willing to invest in Bitcoin then its his call and he must invest in Bitcoin by his own choice not because of our advice. There is no shortage of people who are active in Bitcoin and if someone is investing in Bitcoin then its for his own benefit only.

[L E G E N D A R Y]

We should share our knowledge about Bitcoin only if someone asks for it and we must also cover aspects of Bitcoin like it's volatility, bearish seasons and stuff like that which can give stress to newcomers who don't have that knowledge in advance. If someone is still willing to invest in Bitcoin then its his call and he must invest in Bitcoin by his own choice not because of our advice. There is no shortage of people who are active in Bitcoin and if someone is investing in Bitcoin then its for his own benefit only.

Yeah that’s right. When we only give people, especially newbies only the positive and good sides of Bitcoin, what we will do is create an unrealistic expectation in their minds. It’s crucial for them to also understand the extent of volatility of the asset, as well as the long bearish periods and also the possibility of losing money so that they’d have to decide for themselves if they can actually take the risk and if it fits them. Having this understanding helps them fully decide whether they should really invest and if they have what it takes to, and not just because it’s profitable and someone encouraged them to do so.

[Berry2d]

Any misinformation or deception with other people and the use of cryptocurrency should be our full responsibility, because we are expected to relay all information with authentication to confirm if they are genuine or not; no one will bear full responsibility for us other than facing the consequences of any decision we have taken with any involvement with cryptocurrency. This is why it is more often said that we should do our own research by ourselves and also be educated to verify the information verified.

Depending on authentication for conviction this time around do fail because the scammers of our time have improved beyond expectations and can do any other thing apart from forcing themselves into our assets without approval.
In all i will say decision is the only answer to all, many get mislead because they failed to stick to their believe and go outside the box because they lack this self determination never to be carried away by the fabricated opportunities that comes in with good options.
The ability to hold on to our believe is our decision to take and not that of others. To make this work we must be ready to work with decisions and not just be manipulated by what we see.

[Abdulzuruku01]

If your seed phrase is stored online or in the Internet people can easily generate it. It is beginner investor that will have this problem much, because I believe some of the experienced ones must have learnt their lesson. Ensuring that you hide your seed phrase in a safe place is very necessary. The technology has advance now, their is a possibility for scammers to generate a link, that immediately you click on it, it will direct them to where your personal data or informations are stored, including your seed phrase, anything is possible in this era, because everything has become more easier. As an investor it is important to be very vigilant in order to prevent anything that is unfavorable to you.

Sure it’s mostly beginners that make that mistake of storing their seed phrase online, and honestly that is the fastest way for hackers to sweep out their wallets. There are people who only take screenshots of their seed phrase and leave it on their phones because they feel it will be safe and that is improper and dangerous because losing your phone means your wallet and your assets will be gone.  Storing your seed phrase online gives hackers easy access to steal everything from your wallet if your Gmail or phone gets hacked. There are many ways we can keep our seed phrase offline but storing it offline still doesn't guarantee 100% safety, because if it’s not handled with care, the reverse will still be the case.

[Inior]

Cloud storage can be really easy to operate with but since we are dealing with crypto or money we don’t need what’s convenient for us, we need the best that there is or at least something that we can engage with confidence of being secured. So far when the topic of backing up seed phrase is discussed, the traditional method of storing seed phrase has been an important and secured method of storage such that hackers can’t get access to your funds or your wallet because the seeds are stored offline. It would be unwise to participate in a forum discussion like this and still end up using cloud storage, no matter how secured your cloud password is, it’s still not a good idea.

[Pablo-wood]

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.

We should share our knowledge about Bitcoin only if someone asks for it and we must also cover aspects of Bitcoin like it's volatility, bearish seasons and stuff like that which can give stress to newcomers who don't have that knowledge in advance. If someone is still willing to invest in Bitcoin then its his call and he must invest in Bitcoin by his own choice not because of our advice. There is no shortage of people who are active in Bitcoin and if someone is investing in Bitcoin then its for his own benefit only.

Information is available everywhere on the internet both good and bad. Sharing knowledge this days isn't with the motive of persuading anyone to invest it's just to create awareness which means it's the responsibility of who ever gets this information to do further study and research to either affirm or nullify what the have received. Ignorance in today's world is not an excuse because knowledge is the cheapest commodity today and everything needed to understand Bitcoin is at our finger tips. A new comer who isn't open to learning shouldn't be bothered about bitcoin investment because they will only end up seeking whom to shift their blames and frustration on.

[L E G E N D A R Y]

I will agree reason been that even bigginer who lack knowledge after a while should reason security and follow approved approach that will be more secure that exposing all his asset where he will regret because such situations really call to blamed the victim for such lost. To be lazy in your asset not given called attention and security signify the investor not valuing what it labour for because what you value all measure necessary would be applied to secure it.

The truth is that not every beginners catches up very quickly, there people who are naturally slow learners and it takes these kind of people a while longer to catch up with previous knowledges, let alone more recent ones. But you’re right, every beginner should understand that security is everything and should be prioritized over every other things, because even if they get every other things right and miss the security of their assets, they automatically risk losing everything they’ve worked hard for.

[Charcol]

~~~

If your seed phrase is stored online or in the Internet people can easily generate it.

What you mean here is unclear. Do you mean that the seed phrase can be regenerated?
Or do you mean that if the seed phrase is stored online, in the cloud, in email or in any online storage on the phone, then a hacker or scammer can get it?

However, no one can regenerate your seed phrase. The main risk is that when we store the seed phrase in online, cloud, email or in any online storage on the phone and if our device is hacked, then the attacker can steal or copy the seed phrase that we have already stored. Later, he can access the funds through wallet restore. So we have to be careful about these things.

[5W-KILO]

I rember giving up completely on trust wallet on that very day they implemented Google drive back up, it was a simple update as I was originally expecting until the update was completed and I saw the new features.

It was on that day I decided to gave up on the wallet and start looking for something different, don't be surprised when hot wallets start doing this, they aren't even cold storage to begin with.

It's just that newbies will probably be confused unless they do their own research and make the right choices.

[Achalugo BTC]

It's just that newbies will probably be confused unless they do their own research and make the right choices.

That is why it is always advisable that people do their own research, especially the newbies, because without proper research they can easily get confused or misled. If they take time to study and do more research, it will help them acquire more understanding, which will support them in making better choices and navigating challenges when they are faced with them. So personal research really helps a lot if they really want to succeed in their plans.