Quote from: Sanitough on March 10, 2025, 10:15:21 PM

Greed is the main reason why people fall for scams.

If it were just ignorance, then simply understanding that anything too good to be true is probably a scam would already protect you. When you see red flags, you’d take the time to study the offer, recognize it as a scam, and walk away. But when greed takes over, you don’t bother investigating, you’re too focused on the rewards and in a rush to invest.

So it’s wrong to say that people fall for scams just because they’re newbies. The real reason is greed. In fact, even experienced people get scammed, so being a newbie isn’t really the main factor.

Quote from: Truthlovecoins on Today at 12:27:34 AM

The people that are most likely to always get scammed are the greedy ones, that want to just make it at once without doing the work nor putting in the required time by law of God and man.

Crypto scams will be a more difficult thing to fall into if people learn to know the right persons to ask some good questions regarding issues that are confusing or too good to be true type of situations, become more open than close to people who they want as mentor or guide and be more security conscious and watchful and ultimately, strive for better but along the way always be contented, then as said, crypto scams will have been reduced by a huge percentage already.

Interesting take. I do agree that greed usually plays a part in scams that promise some form of extraordinary gain (meme coins that turn out to be rug pulls, get rich quick schemes, and so on) though I don't think that greed is the main reason for being scammed. Naivety and lack of knowledge I believe would be the main reasons - lack of ability to know better, lack of experience and lack of learning.

Quote from: Rruchi man on March 10, 2025, 11:59:07 PM

Quote from: Son Of Blockchain (SOB) on March 10, 2025, 09:33:04 PM

~

If you stay updated on new criminal techniques and methods that scammers use, you will never be a victim to a crypto scam online.

Old information will not be useful against new methods, and people with old information who refuse intimating themselves with new methods scammers use can find themselves victims of crypto scams.

Staying informed is key.

I agree with this.

Someone who has an up to date understanding of what scams look like and how to avoid them, should be able to avoid them. I don't think someone who knows how to identify scams will still fall for scams out of greed (I hope not anyway!)