Post
Topic
Board Altcoin Discussion
Re: Crypto misinformation is turning into an issue for people new to the game.
by
Coyster
on 03/10/2021, 08:58:06 UTC
IA 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.
This is your friend just basically trying to "get rich quick", and it's not really something unusual with crypto newcomers, every now and then there is one newbie or the other, who knows absolutely nothing about cryptocurrency, but views it as a lottery to big wealth, but the thing is, more often than not, such people end up not making any ROI whatsoever, but just loss of funds, either through wrong investment or scams.

The issue somewhat still stems from misinformation, many of this people were not taught properly on what actually crypto is, how to use it, it's risk concerns, coins that are actually worth buying, etc, they were instead given the impression that it is so easy to make ROI with even little or no effort, looking at crypto users who actually follow the right part and are tutored by the right people, they hardly make these 'popular' mistakes, and in the long run, they make great profits to show for their patience and desire to learn.