@PatsKy8135
edited
more from that month
Why Do People Fall for Scam?
*My heart goes for those people who were victims of scams and the worst scenario I have ever seen and have experienced so far was the* ***suicidal effect when you lost your money*** *because of those heartless individuals who are only after making a profit without any considerations of whom they will take advantage.*
***Our online exposure is very prone to these kinds of people so I believe we need to review some of the reasons why people still are falling for these scammers, instead, I will share why they ( the willing victims) fall for them (the heartless scammers).*** Based on my previous experience, as I was once a victim of ***Freedom Traders Club in the Philippines*** wherein it was so silly of me to have believed a ***guaranteed return of 30% a month?*** hmmm kinda fishy but still I took the risk so I invested my money hoping that it would grow ( well just to entice more, I was given half of that 30% return) not knowing it was the ***FIRST and the LAST pay ou***t so they said.
*What made me fall for that scam?* I was not ***EDUCATED enough about crypto*** at that time. I was so engrossed with stocks, that I disregard the notion of it being scammed knowing that when it comes to investment per se, ***THERE IS NO SUCH THING AS GUARANTEED RETURNS,*** therefore if someone would invite you for any opportunities that deal with investment, it is a RED FLAG already, once ***"guaranteed return"*** is mentioned specially so that the nature of crypto is too ***VOLATILE****.* That kind of assurance you will receive this and that amount blah blah is a huge scam, so **beware**. https://open.lbry.com/@AnnaMarie:5/FinancialEducation:3?r=DyXqu1cog9mBWdYZNzN6JJK5iL3rwQX2 Other big-time scammers that thrive in my country a year back were the ***Kappa and the Rigen, scampanies.*** Mind you an investment of ***5000php as has 30%*** guaranteed returns and the more you have invites, the higher the commission. All these two companies were already given ***cease and desist orders from Securities and Exchange Commission*** and these were the reasons as to why my friends who invested in them, hated me for telling them straight to their faces that they will be sorry in the end thus they better withdraw the soonest possible time.
I was told I intervene so much, needless to say, it is THEIR MONEY which they invested and not mine, sure enough, not mine, but the point here is not about their money either but it's about ***tarnishing the reputation of the whole crypto community.*** By the way, these two scampanies were enticing that they're trading both bitcoins and forex and I asked one of my friends who invested whether she knew what is bitcoin? all she replied was, ***"All I need is my return of 30% monthly by investing to them, thus no need to know about bitcoin or forex!"***
***How could they not know that bitcoin could be traded straight to an exchange like Binance, and even $50 would be a good start?*** Why the need to put 10,000php for the trading fee? greediness of the 30% accompanied with ignorance about how trading works could bring one into a huge scam. So lesson learned? ***DO YOUR OWN RESEARCH and DUE DILIGENCE always.*** https://youtu.be/jJ8LMEF1Qdw ***Study guys don't simply fall for any scam, technically instead of gaining you would end up losing.***
Image of Money: Photo by **Alexander Mils** from **Pexels** https://www.pexels.com/@alexandermils?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/person-holding-100-us-dollar-banknotes-2068975/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels Lead Image: Photo by **Karolina Grabowska** from **Pexels** https://www.pexels.com/@karolina-grabowska?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/crop-payroll-clerk-counting-money-while-sitting-at-table-4475523/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels Euro Bill Image: Photo by Markus Spiske on Unsplash https://unsplash.com/@markusspiske?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText https://unsplash.com/s/photos/salary?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText
6 comments
Very good article. I faced into scams in this Crypto Journey of my own from past 7 months in 2020. Started with largest crypto scam mining site and it went on more worse to me day by day until now. I founded some genuine faucets and mining platforms that are paying me right now though.
it's our learning curve to be able to get out quickly. As per mining, I got tons of invites however when I join another crypto-based monetization, I made sure to study and spend time to grow into it. GOod that you are able to find authentic platforms that you could profit from @Ichrajkumar.
Getting scammed is an awful experience and I urge all the people who are thinking of doing it to someone to think of the ramifications it could have on a person's life: it might be their last money, it might be the final straw that makes them take extreme measures regarding their life or others' lives. I don't think that any sane person would want that in their conscience.
there are still like these kinds of people existing @Angelikip! as a matter of fact the group I have mentioned here still up to date are asking about their millions! An Overseas Filipino Worker who invested 1.2M lost everything. Now she's in a huge mess. Hopefully the culprit will be able to return at least a certain percentage. Too unfortunate
That's so sad to hear. Hopefully, more and more people will try to help others so that they won't fall into these scammy traps.
financial literacy is the key I can see to help them! I have learned my lesson the hard and most expensive way thus I considered it my learning curve. Yeah hopefully those who are heartless scammers, ponzi schemes promoter will stop. Tsk tsk money can not but credibility.