Scammers are a dastardly, low down bunch. Preying on the gullible, extorting the vulnerable, and hoodwinking the hoodwinkable with their promise of free bitcoin if you send a little first and daily interest on your Bitconnect loan. It’s an indisputable fact that if the cryptocurrency space were cleansed of scammers, the web would be a better place. It’s also a fact that if you’ve been scammed of cryptocurrency, it’s probably your fault.

Who You Gonna Call?

The largest motive of crypto scams isn’t shady operators from impoverished nations. It isn’t Russian hackers with leet phishing abilities and it isn’t conniving con artists pawning spammy hyperlinks. No, the most important reason of cryptocurrency scams is greed. And now not their greed – yours. in case you misplaced cash in Bitconnect or Davorcoin or to an email phishing rip-off or to “Vitalik Buterin” promising you loose ETH on Twitter, you’re not the victim – you’re the wrongdoer.

If human beings didn’t hold taking the bait, scammers wouldn’t maintain scamming. If nobody sold into Bitconnect, Bitconnect couldn’t have exited with thousands and thousands of greenbacks. in case you want to get wealthy off crypto, positioned some money into 3 major cryptocurrencies you consider in, save them on a hardware pockets and overlook approximately it for 5 years. Come 2023, you may be wealthy, you can be poor or you could be somewhere in between however one thing you won’t be is scammed.

Unluckily, many crypto investors appear to have adopted the 50 Cent mantra of “Get rich or die tryin’”. when the shit hits the fan, rather than recognizing their foolishness and wising up, they lash out, blaming every person and each person. It’s Twitter’s fault for allowing lookalike debts. It’s regulators’ fault for no longer cracking down on those chancers. It’s ICOs fault for permitting scammers of their channel. It’s the media’s fault for causing FUD, forcing Bitconnect to withdraw their stellar lending carrier. No, it’s your fault. nobody else’s. Yours.

A Plea of Mitigation

let’s be clean even though: victims of cryptocurrency scams – no matter how naive or avaricious they will had been – don’t deserve ridicule. there may be no poetic justice in watching the greedy get disadvantaged of the very component they crave, and there is no pleasure in watching scammers stroll away with millions of stolen ether. It’s viable to feel a twinge of sympathy for victims while also feeling that they delivered it on themselves. but sympathy gained’t get their cash back. Nor will encouraging them to go crying to their Congressman. The handiest way to prevent this kind of stuff from going on is to inform it like it's far. So here is going:

Stop taking the bait. stop buying into schemes that look too precise to be true. And stop encouraging your friends and family to shop for into them too. Cos if there’s any subset of sufferers who don’t deserve the destiny, it’s folks that were lured into the Ponzi scheme with the aid of human beings they depended on. There’s a steep getting to know curve with cryptocurrency. anyone getting into the distance for the primary time may be forgiven for feeling overwhelmed and sick-informed. That’s why it’s essential to get the lie of the land earlier than jumping in with each feet. buy some bitcoin. buy a Crypto Kitty. but don’t, under any circumstances, enter into coins, schemes, and ICOs you don’t apprehend and haven’t researched.

Astonishingly, a vigilante institution set up to track down the Bitconnect scammers is now in search of to fund its operations via protecting an ICO for its own Justice Coin, which functions a “every day earnings bot” promising 2% day by day returns. much less astonishingly, a number of the victims of Bitconnect will purchase into it and get scammed again – possibly by the very identical humans at the back of Bitconnect. In an information age wherein the solution to “is this a scam?” is by no means more than a google away, there’s no excuse for purchasing duped. in case you’ve been scammed out of cryptocurrency, it’s probable your fault.

Do you think scam victims bring it on themselves or should the blame fall squarely on the scammers? Let us know in the comments section below.

Images courtesy of Shutterstock, and Twitter.