Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Crypto misinformation is turning into an issue for people new to the game.
by
ven7net
on 30/09/2021, 17:13:46 UTC
⭐ Merited by paxmao (2)
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.

You are right, there is such a problem in the crypto market. The flow of information about the offer to invest in cryptocurrencies is very large and, of course, there is misinformation or, in other words, deception in the flow of this information. Only an experienced player can identify a deception on their own, but beginners very often believe in beautiful headlines and deliberately invest in a scam. To avoid losing your funds, you need to learn to distinguish between real information and deception, but this can only be done through personal experience. You can end up asking for help, but where is the guarantee that you will not be deceived even there.