Just do NOTHING🤷

[5W-KILO]

Sometimes all you have to do after buying that precious coins of yours is, locking them in a cold storage and keep the seeds offline then gently go back to your daily life, and keep grinding.

I don't know what's wrong with people this days, you plan to hold your coins and the next day you start finding ways to double them or make more, pushing you into messing with things that you don't understand.

Here is another lesson that many still won't learn from, but got to do what I gotta do..



https://x.com/CoinMarketCap/status/2101153098857079211


Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

[NeuroticFish]

Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

Indeed, if the coin you bought is a really good one, holding is the best thing one can do.
But for many altcoins that's something you don't know, and even if the coin is a good one, fear makes people do stupid things, especially when they drop significantly.

And, honestly, given that so many altcoins ended up being dust, the advice to just do nothing, as a generic rule for altcoins, is a pretty risky one.

[Charles-Tim]

You can see some on the trading discussion part of this forum where the scammers have tried their best to do their dirty work, but we always warn people that they are most likely scam.

This is a very common scam now and I have been reading about it at the time I have been seeing new accounts creating the scam post on this forum.

Not everyone will plan to hold their coins. Some people can be traders. But if they plan to hold their coins, that can not discourage them from seeing an opportunity to double their coins and not do it. But they should know crypto scam and avoid it.

[Wiwo]

There is always a thin line where owners are willing to give up the asset to scammers, especially those who want to get profits quickly, are mostly the target, and to that extent, we can tell some level of greed. Anyone can lose money when they fail to make guided choices and focus on expected profits.

Sometimes we can say experience is very important, and also good that the amount was still minimal before the scam was bursted, between holder's should take some extra steps to verify whatever and connecting your wallet to any smart contracts is automatically grants total control of the funds in the wallet.

[hugeblack]

1. Trusting that AI results are reliable, or believing that Claude is a "great programmer."
2. Believing that cryptocurrencies are a quick way to get rich; after buying them and waiting a few weeks without seeing a high return on investment, people start looking for such methods.

[HajiBagi]

Sometimes all you have to do after buying that precious coins of yours is, locking them in a cold storage and keep the seeds offline then gently go back to your daily life, and keep grinding.

I don't know what's wrong with people this days, you plan to hold your coins and the next day you start finding ways to double them or make more, pushing you into messing with things that you don't understand.

Here is another lesson that many still won't learn from, but got to do what I gotta do..



https://x.com/CoinMarketCap/status/2101153098857079211


Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

No matter how many times people are warned to be careful, there are still people who will not listen, and the reason for this is greed. Instead of holding your coin and waiting for what happens, you will look for another way to get more, which is not necessarily a bad thing, but we must be careful in the process and not be greedy, if you cannot stay in one place and hold your coins, you will end up getting scammed.

Even if it is not a bitcoin, make sure you keep your coin because you believe in it and that is why you bought it. There is no way to get rich quick, and some people believe that investing in any coin can make you rich quickly, if that is your thought, you will fail in your crypto journey.

[Dr.Bitcoin_Strange]

Well, no matter how good it is to only hold, there are crypto enthusiasts that will always have the desire of trading because they usually make profit on a short term. So, you can not stop them from trading, they all just need to be extremely careful with any kind of trading bot that they are using and also be careful when connecting their wallet to some DEX. Some people have their cold storage where they are holding and they also have hot wallet which they frequently use for their trading activities and in this case, it could also be that some of those victims only lost the coins in their hot wallet and not their cold storage. It is important to have a cold storage and a hot wallet but some people mix them together but that's not good.

[Jostle]

I have done that for the altcoins, and they all went down 90% and never recovered. Main reason is, altcoins simply lack the mainstream buyers, and also the tokenomics are not as good, and the "founders" (the ones who control the majority of the supply) often are short-term, and manipulate the price through massive selling.  So unless it's BTC or ETH, these altcoins would likely be a disastrous by locking in without further evaluation.

[Freeveto]

Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

The urge of making quick profit will not allow them to stay quite and hold their coin, they will fall victim due to greed, the small rewards of either staking or anything related to doubling their coin will lead them to search for possible ways of making more from what they are expected to make, and that is how some of them fall victims of scam because I believe they will look for tutorial videos anywhere which is where they might have come across face tutorial videos to mislead them to get them scammed.
The best thing is to buy and hold your coin, no need to look for ways to stake your holdings, just hold and forget about it until it’s time you need the money.

[jossiel]

Sometimes all you have to do after buying that precious coins of yours is, locking them in a cold storage and keep the seeds offline then gently go back to your daily life, and keep grinding.

I don't know what's wrong with people this days, you plan to hold your coins and the next day you start finding ways to double them or make more, pushing you into messing with things that you don't understand.

Here is another lesson that many still won't learn from, but got to do what I gotta do..



https://x.com/CoinMarketCap/status/2101153098857079211

That's due to greed, they think that crypto is really like an unlimited gold mine where they can keep on earning by easy tutorials on Youtube.

Many of those videos are from hackers and are only for clout. It's sad that there has another way of scammers to trick victims.

Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

Yes, and by not being greedy.

Know your capacity and what you really are up to. When you chase profits just like what these fake contents teach people, you're likely to fall.

[Stalker22]

Most pepple simply cannot wait. The greed takes hold. They put their coin away in cold storage, feel clever for a day, and then get itchy fingers.
They go looking for yield, clicking dodgy URLs and hopping into margin trades, because HODLing is too boring.
And they get wiped out in a bad smart contract, or scam to make an extra 5%.

[cryptoaddictchie]

Sometimes all you have to do after buying that precious coins of yours is, locking them in a cold storage and keep the seeds offline then gently go back to your daily life, and keep grinding.

I don't know what's wrong with people this days, you plan to hold your coins and the next day you start finding ways to double them or make more, pushing you into messing with things that you don't understand.

Here is another lesson that many still won't learn from, but got to do what I gotta do..



https://x.com/CoinMarketCap/status/2101153098857079211


Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

When someone using a safe wallet and storing precious coins and tokens. The only chances it can get compromise is when the whole system got burned but if youre an active user on defi and web3 and connecting that wallet to any dapps that comes around then thats the thing you should worry since 1 out of 100 would likely trying to scam you. Is my ratio bad? Maybe 99 out of 100 are trying to desperately wanted to scam you?

Dirty works everywhere so better dont trust anything especially those guys keep saying its safe.

[uneng]

What happens is that for most people, grinding gives low profit, so even though they invest in crypto, it still seems not enough to reach their financial goals. As consequence, they keep trying new ways to maximize potential returns, and then they end falling for such offers on the internet, which end draining more money from them in vain.

Add this to the immediatist mindset of our days and you have the recipe for disaster. Scammers know about it and use this to favour themselves. Although after all, even scammers fall as victims of their own greediness and bad character.

[Asiska02]

Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

People are not ready to wait, they’re only after quick money and they will go to any length to achieve that goal. Scammers are always looking for ways to make everything look easy to scam their victims and some of these victims still don’t learn, they still make same mistake over again hoping that the next one will give them what they want. Buying and holding is enough but other people still seek to capitalize more on other ways to enrich themselves without wanting to wait patiently on their investments to grow . Greediness has killed many more than they can ever imagine.

[o48o]

-cut-
I don't know what's wrong with people this days, you plan to hold your coins and the next day you start finding ways to double them or make more, pushing you into messing with things that you don't understand.
-cut-

"These days"? This isn't anything new. I mean claude is new but that's just another road to scam people. If someone doesn't understand what the code is when they are vibe-coding, they are not in charge.

People have been finding ways to double their money and make more since the start. And there always were people who thought that bitcoin isn't going to make people rich anymore and people who believed it will moon, no matter how low or high it was.

Also, opsec is never "doing nothing", so keeping your private key safe isn't doing nothing either. There has been fake wallets, wallet drainer viruses and countless of different ways to scam since the start.

You want to remove every possibility for anyone accessing to your private key. Winklevoss brothers even destroyed their hard drives and printers after printing them. And even they aren't trying to safekeep those privatekeys by themselves, but rather rely on bank vaults and their safety lockers around the world.

[aioc]

Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

You can't blame people for taking a chance; seeing the market with memes pumping up profits thousands of times over makes you greedy.

The quick profit is so tempting, seeing how investors and traders flaunt profits, so you're thinking, if I can have it a week, then it's much preferable than years of waiting, such a mindset will be destroyed if they know how these memes and shitcoins are being manipulated for the few for massive gains.

[blockman]

Most of the times, buying and holding is all you need to do, in that journey of looking into something else can rob you of everything.

Stress less and doesn't have to be too active with trading. People forget that holding is still the best strategy ever that they can do. And potentially, this is going to show them why the early investors have made so much profit. That's because of their patience and the ones who understand that crypto requires patience, they'll start to avoid trading and finding those software that tells them how to make money. Because the real making money in crypto is going to take time, and in trading even if they're a short term or scalp trader, it will still require somehow some knowledge and losses and not just reliant to tools online that they see that promises them easy money.

[Accardo]

I have done that for the altcoins, and they all went down 90% and never recovered. Main reason is, altcoins simply lack the mainstream buyers, and also the tokenomics are not as good, and the "founders" (the ones who control the majority of the supply) often are short-term, and manipulate the price through massive selling.  So unless it's BTC or ETH, these altcoins would likely be a disastrous by locking in without further evaluation.

I'll never buy the idea that the structure of alts should call for being carelessly silly, understanding how this scam went through, it's clear that the victims were moved by two things the AI trend, and the vibe of coding an arbitrage bot from scratch to finish to maximize profit. Imagine being brainwashed to an extent of willingly depositing funds to the scammers under the scope of funding the AI built arbitrage bot the youtubers convinced the victims to build using their malicious codes.

[TastyChillySauce00]

Don't trust stranger on the internet, let alone a youtube tutorial from channel with 5 subscribers, but don't the victims have any initiative to ask what the program does to the Claude itself? could've saved them from being robbed by just asking one small question.

Even though I'll try to earn yield when I'm holding an altcoin by staking and rarely locking it up in a cold storage, I also know what I'm doing and have done an extensive research about the risk. I generally think these kind of mistake only possible because lack of knowledge and research initiative blinded by greed to become rich overnight, doing arbitrage in reality is difficult and you're competing with some rich guys who have their arbitrage bot hosted 5 blocks away from validator, metaphorically.

[FinneysTrueVision]

These arbitrage bot drainers have been around for many years. Now people are using the hype around AI to trick people. I am surprised that people are still falling for this and the scam has been so successful to steal more than 274 ETH.

To be successful at arbitrage you need to invest a lot of capital into running a MEV bot. The average person can’t just vibe code their own bot and make good profits. I don’t know how people can be so gullible.