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Bitcoin => Bitcoin discussion => Bitcoin tutorials => Topic started by: bitcoinforum.com on January 22, 2018, 03:39:21 PM

Title: Newcomers, here's your FAQ: Who should I trust?
Post by: bitcoinforum.com on January 22, 2018, 03:39:21 PM
Jameson Lopp (https://twitter.com/lopp) (19/Nov/2017 (https://twitter.com/lopp/status/932350908461133825))
Quote
Welcome to Bitcoin, newcomers! Here's your FAQ:

 Q: Who should I trust?
 A: Nobody.

 Q: When should I sell?
 A: Never.

 Q: Is Bitcoin dying because ____?
 A: No.

 Q: What have I gotten myself into?
 A: Nobody knows.

 Q: How do I learn more?
 A: https://lopp.net/bitcoin.html (https://lopp.net/bitcoin.html)

Source: https://twitter.com/lopp/status/932350908461133825 (https://twitter.com/lopp/status/932350908461133825)
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: BlockTechnology on January 23, 2018, 02:33:49 PM
I would also add an important piece of advice:
"Less nervous and do not give in to panic"
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: bitzi on January 25, 2018, 01:53:52 PM
I should trust no one
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: MaxXXXX on January 28, 2018, 02:17:27 PM
in God we trust
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Sensiyorum on February 27, 2018, 07:01:33 AM
I completely agree with the opinion not to trust anyone but yourself. This rule especially concerns various financial operations and trading.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Tellmoth on March 02, 2018, 08:12:59 PM
I understand that this advice is meant to be cynical but it's getting to the gist of it. Like in any kind of economic situation, you are forced to make your own decisions - but you can learn where to look for information.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: EnKoT on March 06, 2018, 05:48:11 PM
in God we trust
I dont....better trust your mom or dad...they are at least real ;)
Since I am quite new in the cryptocurrency world (compared to others) I realize that the security factor is as important or maybe more important than making good decisions in where to invest or not...
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: innate on March 09, 2018, 07:56:06 AM
hm, it's nice. thank you for it
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Zoey_iam on April 13, 2018, 10:13:48 PM
Trust your guts but should be based on valid information and analysis of financial and trade situations.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: yazzy on April 15, 2018, 11:19:59 PM
Trust no one.  They all have vested interests.  Trust your decisions but be sure before even doing something big when doing bitcoin, do not spend more of what you're not prepared to lose.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Senseiwork on April 20, 2018, 12:19:45 PM
the only one u can trust - yourself! But u may trust and CHECK everything you trust. dont neglect to check the idea of project. and it will feel like you invest in gaming business buying pkt
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Sensiyorum on May 21, 2018, 10:07:27 AM
Wallet security is the worst issue faced by the cryptocurrency traders as there are a lot of hackers which always keep an eye on snatching and stealing your coins. You can not trust anybody on the money markets including cryptocurrencies. Am I right folks!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Garden on May 22, 2018, 12:39:21 PM
You are strictly advised to trust nobody on the money markets inculding cryptocurrency market. You have to trust the one who has good market vlaues and reputation whether he is a trader or a platform. Stay safe and be wise!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Senseiwork on May 24, 2018, 07:10:43 PM
I am convinced u should not trust anyone in crypto sphere (me included) bc everyone tries you to get their bags
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Ifeanyichukwu on May 26, 2018, 04:20:50 PM
That's a good one. In crypto world, nobody is to be trusted.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Sensiyorum on May 29, 2018, 04:52:28 PM
A good post for the newbies to the crypto world. Yes, I agree with the fact that you can not trust anybody on the money market. You have to stay sharp all the time for keeping yourself safe from any kind of scam. You also need to keep learning as much as possible for gaining profits.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: crypterum on May 30, 2018, 08:33:49 AM
That's a good one. In crypto world, nobody is to be trusted.

but yourself
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: emma.lee1890 on June 29, 2018, 07:34:14 AM
I would also add an important piece of advice:
"Less nervous and do not give in to panic"
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: FutureICO on August 11, 2018, 08:31:43 PM

I will say in simple words, you just not need to trust ANYONE. If you do then you are absolutely fooling around. It is incredibly necessary to just follow the trend and do whatever you are comfortable with.


I just follow the stuff happening in the Crypto space and rest is all manageable. The current thing of notice is around Binance as they released the demo of decentralized exchange (https://www.asiacryptotoday.com/binance-demo-of-decentralized-exchange/). So these are the things to look at.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: kissmarx on September 29, 2018, 03:35:41 PM
I agree with all this FAQ and it's answers. These are the most important things to always put in mind wherever you are, whatever you do. That's why "trust" is valuable these days. We can't just trust anybody right away. It must be gained with patience. Always DYOR.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: emma.lee1890 on September 30, 2018, 07:23:32 AM

I would also add an important piece of advice:
"Less nervous and do not give in to panic"


Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: crroman18 on October 01, 2018, 09:43:07 PM
but what if it's a free bitcoin giveaway...? lol
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: FinnethB on October 07, 2018, 06:20:45 AM
Yes trust no one, but sometimes taking a risk is a bang! My crypto friend introduce MyShield to me and so far I can say that this project is worth trusting for.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: emma.lee1890 on October 21, 2018, 10:21:14 AM
That's it. Nothing we can found in his/her merit history. That's actually normal and understandable if 100 merits was allocated due to the account rank (maybe Full member), but I don't think someone wanted to delete all historical posts to drop account rank to Newbie. Sounds mad. Should delete gradually if he/she want to do this.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: BITCOINBTC on October 31, 2018, 09:09:32 AM
in God we trust!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: emma.lee1890 on November 14, 2018, 05:14:23 PM
If you are a Newbie member (that is, you have less than 30 activity), any images that you attempt to embed using BBCode will automatically be converted into their link equivalents. This is to prevent abuse, for instance by spammers. Your images will start appearing normally once you become a Jr. Member.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Areding on November 21, 2018, 07:54:26 AM
You can only trust yourself. You can never rely on anyone, especially when it comes to money.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Anast on February 17, 2019, 10:33:21 PM
I would also add an important piece of advice:
"Less nervous and do not give in to panic"
You know, sometimes we can't avoid these feelings especially when things are not going well. But we can't help but remain calm as our funds depends on it.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: letsgetit on February 25, 2019, 08:09:39 AM
yeah, in this business it's better and safer to trust no one
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Meadow on February 25, 2019, 06:21:21 PM
Q: When should I sell?
A: Never.
That's a dubious one.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Hampan32 on March 15, 2019, 04:12:36 PM
I agree, in the crypto world, nobody is to be trusted.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: frankcastle on March 29, 2019, 09:23:31 PM
nice faq :)
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: kventin.upgrade on March 30, 2019, 12:18:38 AM
I would also add an important piece of advice:
"Less nervous and do not give in to panic"


I would add: "A Calm and a reasonable breaks all the waves"
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: kventin.upgrade on March 30, 2019, 12:22:00 AM
nice faq :)


very nice faq
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: popeye on April 02, 2019, 10:50:59 AM
I completely agree with the opinion not to trust anyone but yourself. This rule especially concerns various financial operations and trading.
100%! Sometimes I don't trust even myself. Especially when it comes to passwords and access! :-X
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: kbradshaw on April 02, 2019, 11:42:34 PM
My advice is not to trust anyone and to look for genuine forums like this one where people aren't just posting affiliate links.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: bit858585 on April 05, 2019, 06:47:04 PM
do not trust, do not fear, do not ask
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Johnny Smith on April 05, 2019, 06:55:38 PM
Just believe in yourself!  ;)
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: kventin.upgrade on April 06, 2019, 11:31:21 PM
In crypto world, nobody is to be trusted.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: bit858585 on April 09, 2019, 04:22:30 AM
I agree, in the crypto world, nobody is to be trusted.
you are right
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Mermaid on May 02, 2019, 05:30:57 AM
We have to be vigilant always and everywhere, not only in crypto sphere:)
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: coin_talk on May 03, 2019, 08:08:12 PM
Nobody is to be trusted all around the world. There is only you and your goals.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Meadow on May 09, 2019, 08:50:54 AM
Nobody is to be trusted all around the world. There is only you and your goals.
What a pessimistic point of view, you guys, have got
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: OllieCrypto on May 11, 2019, 06:04:59 AM
also :
remove emotions from your trading and or investment, or else you will panic too much and lose everything
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Mermaid on May 15, 2019, 09:39:47 PM
also :
remove emotions from your trading and or investment, or else you will panic too much and lose everything


Absolutely agree. Emotions can cause real troubles
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: coin_talk on May 16, 2019, 10:16:05 AM
My advice is not to trust anyone and to look for genuine forums like this one where people aren't just posting affiliate links.

I agree. Very good advice.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: bart8e on May 17, 2019, 02:53:20 PM
Yes, I agree that not only in cryptocurrency market but in all of your businesses it's good to trust yourself, your wisdom, knowledge and experience
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: daviddaniels on June 20, 2019, 11:55:11 AM
Jameson Lopp (https://twitter.com/lopp) (19/Nov/2017 (https://twitter.com/lopp/status/932350908461133825))

Source: https://twitter.com/lopp/status/932350908461133825 (https://twitter.com/lopp/status/932350908461133825)
We have written Article about this Click below to check
https://shuftipro.com/blogs/cryptocurrency-scams-checklist-for-protection-shufti-pro/ (https://shuftipro.com/blogs/cryptocurrency-scams-checklist-for-protection-shufti-pro/)
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Jonycrypt on July 04, 2019, 12:23:40 PM
I agree, in the crypto world, nobody is to be trusted.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Jonycrypt on July 04, 2019, 12:26:50 PM
I would also add an important piece of advice:
"Less nervous and do not give in to panic"
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Kostyax on July 08, 2019, 01:27:04 PM
Trust only your own experience in this area.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: observer on July 09, 2019, 11:15:16 AM
in God we trust


When it comes to my wallet, i don't think i might trust even Him ;d
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: opportuniti on July 22, 2019, 09:23:33 PM
This is a huge cryptocurrency problem. If they steal it from you, no one will help you. After all, this is not the gov. money. For the goverment, it is like a toy of monopoly money. From here and all the problems with the trust. There are no guarantees that you will get something, give it away, change it for cryptocurrency.
Therefore, no one trusts anyone. It is terrible to realize that when complete freedom is equal to complete impunity.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: AskGamblers on September 18, 2019, 09:51:46 AM
I will definitely keep these FAQs in mind.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Fred55 on October 03, 2019, 07:36:29 AM
well, i don't think just because its crypto you can't trust anyone. one should be cautious at all times, i agree, but not trusting will never benefit. some of them are actually genuine. i always keep my guard up, but not de-trusting all time.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Ann Smith on October 25, 2019, 01:58:26 PM
I do not agree that you should never sell. From 20,000 it was very necessary to sell. Yes, and now you can sell. Bitcoin did not show uniform stable growth in price.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Anicrypto on October 30, 2019, 10:10:00 AM
I agree, in the crypto world, nobody is to be trusted.
Agreed, this place has lots of scammers, one has to be quite careful.

 
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: trader88 on October 31, 2019, 09:57:20 AM
When you don’t know what to do with your bitcoin, its better to hodl. Its surely going to jump manifold  in future.

Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Anicrypto on November 14, 2019, 10:41:09 AM
When you don’t know what to do with your bitcoin, its better to hodl. Its surely going to jump manifold  in future.
Well yes, everyone thinks and expects the same for bitcoin’s future.

Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Hagibis on November 17, 2019, 09:18:13 PM
Those were good advice. If you're a newbie, never really trust anyone as you're prone to being scammed.
HODLing will be the best thing you can do while you're on the learning process especially if have you have is BTC.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Sto_3 on November 18, 2019, 11:31:16 AM
That's a good one. In crypto world, nobody is to be trusted.
Agreed!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: seekingtrader on March 05, 2020, 07:50:26 AM
i think it's better to trust your own instincts.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: josephph on March 15, 2020, 01:05:38 PM
These are very basic yet very good rules to follow. Do not trust anyone but yourself.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: John_Smith_0000 on April 03, 2020, 01:40:23 PM
The most intelligent FAQ I've ever read about Bitcoin. Brief, neat, efficient.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: wesley3WZ on April 06, 2020, 12:39:46 AM
Well, as I've understood, we should trust no one, for sure...
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Winners Club on April 13, 2020, 02:11:59 PM
This advice makes thinking, that there are no decent people in crypto, and as a conclusion - I shouldn't trust to crypto. What a sad thing:(
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: minhhacu on May 19, 2020, 01:51:25 PM
Some respected analyst make good predictions, so why don't we listen to them when we are inexperienced?
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: mlawson71 on June 08, 2020, 04:20:54 PM
People always think they know best, unfortunately.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Shiftal on August 01, 2020, 10:49:32 AM
Bitcoin community is for those who are into bitcoin for a while and have a decent amount of experience to share with the community for best guidance in this era of information.
As a Newbie First you must gain knowledge about Cryptocurrencies, knowledge is endless but searching right kind of knowledge from the right source is necessary, Learn the basics about cryptos what are they, how they work, trusted platforms for exchange, companies exchange rate on trading as well on withdrawals, payments methods, type of security they are providing, look into their policies, TnC and other details.

All the above comments are right, trust no one but you have to be knowledgeable enough to trust yourself. Trading is fun when understood properly and the same goes for life. Also, Make sure to be in touch with these kinds of forums, it helps a lot in gaining experience about the trading market.

Have a safe and secure trade- Shiftal
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: tyuk on August 11, 2020, 09:06:28 AM
Thanks for the advices.

The main thing is not to trust anyone and check everyone with whom you want to conclude any deal.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: boom79M on August 26, 2020, 01:25:46 PM
I would say trust no one. Do your own due dilligence. You need to read alot and have time in the market. There is no shortcuts.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: expertcrypto on September 03, 2020, 10:29:01 AM
You should only trust in yourself, your own power!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: mzk23 on September 21, 2020, 06:02:32 PM
Guys, you should watch out for shady projects around. They promise amazing ROI, but in fact that's a scam. Example - Bitcoin Profit, Bitcoin Era and few more.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: 24ATM on September 22, 2020, 12:12:40 PM
Thanks for the briefing))
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: AnaBC on December 09, 2020, 03:08:02 PM

Very interesting and humourous briefing! Thanks!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Ventura33 on December 20, 2020, 08:42:38 PM
Hello, guys! And don't play any bitcoin casino's!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Beiji Cratos on January 15, 2021, 06:15:18 AM
Hello, guys! And don't play any bitcoin casino's!
Why? Have you had any bad experience with that?
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: TrekJunky on February 15, 2021, 05:41:48 AM
Is there a way to connect your dollar currency debit card to the purchase of bitcoin by viewing a bitcoin transaction record?
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Wild Wild SouthWest on March 01, 2021, 02:37:32 PM
Simple FAQ's but meaty!
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: andomedaneo on April 01, 2021, 11:53:47 PM
There’s a fraudster who had been going about in the guise of wanting to help people “mix” their cryptocurrency using his platform; mycryptomixer,com/ and then vanishing with it... He uses the advantage of anonymity to shield his animosity and unsuspecting individuals who want to be discreet about their transactions fall victim by using the platform...So far he has made away with 13 bitcoins and counting!! Do the maths!!![/size][/size]
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: Jurodda on April 07, 2021, 06:07:53 PM
Good answers to the questions! I mean the first 4 =)
Title: Re: Newcomers, here's your FAQ: Who should I trust?
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Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: CrazyMexicanIrish on June 12, 2021, 06:50:23 AM
As a newbie that has already fallen prey to the thieves.  I would say: yes, do not trust anyone.  There are a thousand groups in telegram and other chat sites.  they will not provide you with any valuable information, though you can learn about new coins and a few tidbits that might prove to be interesting.


Additionally, do not trust anyone who "volunteers" trading information or investing information or even learning resources.


Do not invest in any site that does not have at the very least some minimal level of security.  If you do not *need* to create an account to start trading, do not trade or invest.  There are a handful of sites that have high security measures in their sites and their wallets.  search in those.  trade in those. 


and pretty much like in real life.  If a "news" sounds too good to be true, then it probably is.
Title: Re: Newcomers, here's your FAQ: Who should I trust?
Post by: CryptoStar19 on June 21, 2021, 02:51:45 PM
The crypto space is ripe for scams given the irreversibility of transactions and general lack of regulation. Trusting any individual in the space would be foolish however there are reputable organizations providing crypto related services that have been around for a while and can be trusted like Swan Bitcoin or BlockFi.