Quote from: dupee419 on Today at 01:29:13 PM

Quote from: QuickAccount on September 28, 2021, 04:36:20 PM

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.

Lack of information is the common enemy when something new is being introduced to people, and since cryptocurrency is on the rise, some people lack the knowledge to actually determine what could be a scam and what could be legitimate, if your friend didn't confont you he would have actually lost his money.

Fact checking is something that we actually do not do whenever we invest (this is common to newbies who lack information or literacy when it comes to identifying what is real and what is not), especially when we get blinded by the project's fake promises, and then *poof* the site is gone, everything disappeared, and also the money you invested.

This is one of big mistake by newbie since mostly they always goes hype on something they think profitable that's why they are the favorite target of scammers since they really don't do a proper research on what they are going to invest.

Also they are the one who will defend if there's someone debunk the platform where they put there money on and try to invite more in the name of earning a referral.

And for the scamming happens which is totally visible hopefully all will learn a valuable lesson since that incident is really an eye opener to those people who believe that there's an easy way to earn money.