Post
Topic
Board Beginners & Help
Re: My bad story as a warning to anyone new to bitcoin.
by
Rockstarguy
on 16/05/2025, 14:18:02 UTC
Hi guys, I'd like to share my bad story as a warning to anyone new to bitcoin.  A few months back, I joined a group chat where people were discussing a "sniping bot" that could allegedly assist you buy new currencies before their prices up.  The community was pleasant and competent, and the bot was free to use, so I figured I had nothing to lose.  They wanted me to connect my cryptocurrency wallet to the bot so it could "analyze" my holdings and assist me with trading.
This was a big mistake on your part. It is well known that Bitcoin investment and the use of a wallet are private, and if they are exposed to a third party, human or bot, they can be accessed. No matter the crypto group or platform you find yourself in, Bitcoin investment and the seed phrase of your wallet are meant to be private. Many people have fallen victim to scams just looking for a shortcut on how to trade, and scammers have always used the means of assisting traders to scam people. The first step in trading is learning, and this is something that needs to be done well to gain knowledge.

Trading and investing are personal, and it will be very risky to involve someone else for assistance; if one is not ready to take charge and responsibility, there is no need to get into it.