Quote from: SOKO-DEKE on July 20, 2024, 08:19:08 PM

Quote from: bestcandy on July 16, 2024, 10:49:50 AM

One of the reason why some people fell victim of scamming is greed, inexperience and inadequate information because they want to make it to the top using shortcut without due deligente but if truly one is equiped with adequate information and experience it will be very had to fall victim of scam. I'm so impressed that you were smart enough to be able to put a precautionary measure on your experience if not you would have fell to the scam.

Honestly, if people can stop the level of their greediness, they will hardly lose money to scammers, especially in the cryptocurrency industry. The many reasons why people are losing money in the crypto industry can be observed, and we will discover that it is the level of greediness causing it. Let's imagine how people get scammed by these new meme coin projects. Just because they want to make money quickly, they invest all their money in these meme coin projects, despite being aware that almost all of these meme coins are pump and dump projects to scam people.This is the logic some scammers use to trick some people, but because someone is eager to make money, they will blinded and want ahead and invest them. When they see a great coin like Bitcoin, where the risk of losing money is small, but they hardly invest in it due to their greediness.

Unfortunately learnings comes late for people and we also experience that. Risk taking is normal characteristic of people and they think about its fine to play in the fire if we know how to execute a graceful exit, but sadly lots of people fall on bad situation because of miscalculation of every actions they do. That's why its really better to eliminate first the over expectation and just think about starting to learn from the mistake of other then improve their knowledge so they can avoid any potential scams. We know the profit to be given is really tempting but if we could avoid to participate those investment with posses huge risk to lose money then I guess much better for us to avoid it.