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The smart ones or those who are informed of how scammers work will be able to avoid it. Scammers generally depend on the ignorance of their victims to be successful and anyone who is not greedy or does not make silly mistakes like giving out their private keys, keeping their funds on an exchange etc will not fall victim.
That's true, people who are greedy are likely to fall into the trap of scammers. And also people who are not informed or are not conversant with how they operate can fall victim.
The best thing to do is to research more on any exchange they want to go into, ask questions from experienced people and be smart about certain things and you should be able to avoid scammers.
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Young people are the most likely to have fallen victim to a scam, challenging perceptions over who is the most vulnerable to fraudsters.
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Young people are the most likely to have fallen victim to a scam, challenging perceptions over who is the most vulnerable to fraudsters.
What makes you think that it is younger people that are more vulnerable to scammers, i will like to know why you think this is true because i do not agree with you, scammers can trick the older people more, some of them do not know how scammers work, so they will be easy to target.
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Detroit;17672 wrote:Young people are the most likely to have fallen victim to a scam, challenging perceptions over who is the most vulnerable to fraudsters.
What makes you think that it is younger people that are more vulnerable to scammers, i will like to know why you think this is true because i do not agree with you, scammers can trick the older people more, some of them do not know how scammers work, so they will be easy to target.
I agree with you mate, one’s knowledge helps and goes along way. But most times one person may not know it all. This scammers just sit and think out something and take to work. So anyone can get scammed either by exchange or private information used
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Camavinga;17723 wrote:Detroit;17672 wrote:Young people are the most likely to have fallen victim to a scam, challenging perceptions over who is the most vulnerable to fraudsters.
What makes you think that it is younger people that are more vulnerable to scammers, i will like to know why you think this is true because i do not agree with you, scammers can trick the older people more, some of them do not know how scammers work, so they will be easy to target.
I agree with you mate, one’s knowledge helps and goes along way. But most times one person may not know it all. This scammers just sit and think out something and take to work. So anyone can get scammed either by exchange or private information used
Scams are one worthless things that are rampant in the system of today. Freelancers and investors put their work and job upfront while the scammers are those who are the fishers of people's wealth.
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Detroit;17475 wrote:Robbery activities are attracted to any financially abled entity. All they need is a place they can throw in their net and catch fishes(prey).
If scammer throw their net to catch their victims, the people that are smart will find a way to avoid that net, but the people that are not smart and are greedy will fall into it. Scammers have their ways, for you to keep your coins you have to know those ways and watch out for it.
It is not that those that fall into the net of scammer only those who are greedy because of some lack of knowledge or understanding in the world of cryptocurrency which lead to several negative consequences
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Camavinga;17506 wrote:Detroit;17475 wrote:Robbery activities are attracted to any financially abled entity. All they need is a place they can throw in their net and catch fishes(prey).
If scammer throw their net to catch their victims, the people that are smart will find a way to avoid that net, but the people that are not smart and are greedy will fall into it. Scammers have their ways, for you to keep your coins you have to know those ways and watch out for it.
It is not that those that fall into the net of scammer only those who are greedy because of some lack of knowledge or understanding in the world of cryptocurrency which lead to several negative consequences
Cryptocurrency markets are highly volatile, and without sufficient knowledge, investors may make uninformed decisions that result in significant financial losses.
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full;17791 wrote:Camavinga;17506 wrote:If scammer throw their net to catch their victims, the people that are smart will find a way to avoid that net, but the people that are not smart and are greedy will fall into it. Scammers have their ways, for you to keep your coins you have to know those ways and watch out for it.
It is not that those that fall into the net of scammer only those who are greedy because of some lack of knowledge or understanding in the world of cryptocurrency which lead to several negative consequences
Cryptocurrency markets are highly volatile, and without sufficient knowledge, investors may make uninformed decisions that result in significant financial losses.
Lack of understanding of market dynamics, trends, and risk management strategies can lead to poor investment choices.
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thrive;17792 wrote:full;17791 wrote:It is not that those that fall into the net of scammer only those who are greedy because of some lack of knowledge or understanding in the world of cryptocurrency which lead to several negative consequences
Cryptocurrency markets are highly volatile, and without sufficient knowledge, investors may make uninformed decisions that result in significant financial losses.
Lack of understanding of market dynamics, trends, and risk management strategies can lead to poor investment choices.
Cryptocurrencies operate in a digital environment, and lack of knowledge about security best practices can expose individuals to various risks.
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IyaJJJ;17793 wrote:thrive;17792 wrote:Cryptocurrency markets are highly volatile, and without sufficient knowledge, investors may make uninformed decisions that result in significant financial losses.
Lack of understanding of market dynamics, trends, and risk management strategies can lead to poor investment choices.
Cryptocurrencies operate in a digital environment, and lack of knowledge about security best practices can expose individuals to various risks.
This includes falling victim to scams, phishing attacks, malware, or using insecure wallets or exchanges.
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level;17794 wrote:IyaJJJ;17793 wrote:Lack of understanding of market dynamics, trends, and risk management strategies can lead to poor investment choices.
Cryptocurrencies operate in a digital environment, and lack of knowledge about security best practices can expose individuals to various risks.
This includes falling victim to scams, phishing attacks, malware, or using insecure wallets or exchanges.
Without a solid understanding of the underlying technology, project fundamentals, or market trends, investors may fall for misleading information or make poorly informed investment decisions.
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joanna;17795 wrote:level;17794 wrote:Cryptocurrencies operate in a digital environment, and lack of knowledge about security best practices can expose individuals to various risks.
This includes falling victim to scams, phishing attacks, malware, or using insecure wallets or exchanges.
Without a solid understanding of the underlying technology, project fundamentals, or market trends, investors may fall for misleading information or make poorly informed investment decisions.
Lack of research and due diligence can lead to investing in low-quality projects or schemes that promise unrealistic returns.
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full;17796 wrote:joanna;17795 wrote:This includes falling victim to scams, phishing attacks, malware, or using insecure wallets or exchanges.
Without a solid understanding of the underlying technology, project fundamentals, or market trends, investors may fall for misleading information or make poorly informed investment decisions.
Lack of research and due diligence can lead to investing in low-quality projects or schemes that promise unrealistic returns.
Cryptocurrency and blockchain technology offer a wide range of opportunities beyond just investment, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based applications.
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thrive;17798 wrote:full;17796 wrote:Without a solid understanding of the underlying technology, project fundamentals, or market trends, investors may fall for misleading information or make poorly informed investment decisions.
Lack of research and due diligence can lead to investing in low-quality projects or schemes that promise unrealistic returns.
Cryptocurrency and blockchain technology offer a wide range of opportunities beyond just investment, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based applications.
Without knowledge about these developments, individuals may miss out on potential opportunities for growth or innovation.
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IyaJJJ;17799 wrote:thrive;17798 wrote:Lack of research and due diligence can lead to investing in low-quality projects or schemes that promise unrealistic returns.
Cryptocurrency and blockchain technology offer a wide range of opportunities beyond just investment, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based applications.
Without knowledge about these developments, individuals may miss out on potential opportunities for growth or innovation.
A lack of knowledge about trading strategies, technical analysis, or fundamental analysis can result in inefficient trading or investing practices.
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level;17800 wrote:IyaJJJ;17799 wrote:Cryptocurrency and blockchain technology offer a wide range of opportunities beyond just investment, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based applications.
Without knowledge about these developments, individuals may miss out on potential opportunities for growth or innovation.
A lack of knowledge about trading strategies, technical analysis, or fundamental analysis can result in inefficient trading or investing practices.
It may lead to missing out on profit-taking opportunities, holding onto losing positions for too long or buying into market highs.
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joanna;17801 wrote:level;17800 wrote:Without knowledge about these developments, individuals may miss out on potential opportunities for growth or innovation.
A lack of knowledge about trading strategies, technical analysis, or fundamental analysis can result in inefficient trading or investing practices.
It may lead to missing out on profit-taking opportunities, holding onto losing positions for too long or buying into market highs.
The cryptocurrency industry is subject to evolving regulatory frameworks that's why some people see it has an innovative concept..
Last edited by thrive (2023-07-04 23:45:31)
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full;17802 wrote:joanna;17801 wrote:A lack of knowledge about trading strategies, technical analysis, or fundamental analysis can result in inefficient trading or investing practices.
It may lead to missing out on profit-taking opportunities, holding onto losing positions for too long or buying into market highs.
The cryptocurrency industry is subject to evolving regulatory frameworks that's why some people see it has an innovative concept..
A lack of knowledge about legal obligations and compliance requirements can result in unintentional violations, penalties, or legal issues when engaging with cryptocurrencies.
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thrive;17803 wrote:full;17802 wrote:It may lead to missing out on profit-taking opportunities, holding onto losing positions for too long or buying into market highs.
The cryptocurrency industry is subject to evolving regulatory frameworks that's why some people see it has an innovative concept..
A lack of knowledge about legal obligations and compliance requirements can result in unintentional violations, penalties, or legal issues when engaging with cryptocurrencies.
Without knowledge about secure wallet management, individuals may be unable to properly store and protect their cryptocurrency assets. This can increase the risk of loss due to theft, hacks, or mismanagement.
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IyaJJJ;17804 wrote:thrive;17803 wrote:The cryptocurrency industry is subject to evolving regulatory frameworks that's why some people see it has an innovative concept..
A lack of knowledge about legal obligations and compliance requirements can result in unintentional violations, penalties, or legal issues when engaging with cryptocurrencies.
Without knowledge about secure wallet management, individuals may be unable to properly store and protect their cryptocurrency assets. This can increase the risk of loss due to theft, hacks, or mismanagement.
Cryptocurrency is built on blockchain technology, which has significant implications for various industries. Lack of knowledge about the technology may result in a missed understanding of its potential applications, disrupting industries, or even career opportunities within the blockchain space.
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level;17805 wrote:IyaJJJ;17804 wrote:A lack of knowledge about legal obligations and compliance requirements can result in unintentional violations, penalties, or legal issues when engaging with cryptocurrencies.
Without knowledge about secure wallet management, individuals may be unable to properly store and protect their cryptocurrency assets. This can increase the risk of loss due to theft, hacks, or mismanagement.
Cryptocurrency is built on blockchain technology, which has significant implications for various industries. Lack of knowledge about the technology may result in a missed understanding of its potential applications, disrupting industries, or even career opportunities within the blockchain space.
To mitigate these risks, it is crucial for individuals to take the time to educate themselves about the fundamentals of cryptocurrencies, blockchain technology, risk management strategies, and security practices.
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joanna;17806 wrote:level;17805 wrote:Without knowledge about secure wallet management, individuals may be unable to properly store and protect their cryptocurrency assets. This can increase the risk of loss due to theft, hacks, or mismanagement.
Cryptocurrency is built on blockchain technology, which has significant implications for various industries. Lack of knowledge about the technology may result in a missed understanding of its potential applications, disrupting industries, or even career opportunities within the blockchain space.
To mitigate these risks, it is crucial for individuals to take the time to educate themselves about the fundamentals of cryptocurrencies, blockchain technology, risk management strategies, and security practices.
Engaging in continuous learning and staying informed about the latest industry developments can help individuals navigate the cryptocurrency space more effectively and make more informed decisions.
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#Cryptocurrency is built on blockchain technology, which has significant implications for various industries. Lack of knowledge about the technology may result in a missed understanding of its potential applications, disrupting industries, or even career opportunities within the blockchain space.
The reality is that not everyone will get into blockchain technology and not everyone need to be in it in order to be successful.
There are lots of other exciting industries that one can get into and be successful in. I am happy to be here and understand how crypto works and also know bits of the blockchain tech.
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full;17807 wrote:joanna;17806 wrote:Cryptocurrency is built on blockchain technology, which has significant implications for various industries. Lack of knowledge about the technology may result in a missed understanding of its potential applications, disrupting industries, or even career opportunities within the blockchain space.
To mitigate these risks, it is crucial for individuals to take the time to educate themselves about the fundamentals of cryptocurrencies, blockchain technology, risk management strategies, and security practices.
Engaging in continuous learning and staying informed about the latest industry developments can help individuals navigate the cryptocurrency space more effectively and make more informed decisions.
This should solve 80% of the exchange transaction mistakes and the rate of scam, it’s rare for anyone that took their time to learn the background and everything about cryptocurrency to fall into this little scams and crypto thefts
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Guys I have an investment question, and that's what other investment opportunities do you see aside the crypto-currency opportunity.
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