Author Topic: Newcomers, here's your FAQ: Who should I trust? (Read 458391 times)

bitcoinforum.com · « **on:** January 22, 2018, 03:39:21 PM »

Jameson Lopp (19/Nov/2017)

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

Source: https://twitter.com/lopp/status/932350908461133825

BlockTechnology · « **Reply #1 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"

bitzi · « **Reply #2 on:** January 25, 2018, 01:53:52 PM »

I should trust no one

MaxXXXX · « **Reply #3 on:** January 28, 2018, 02:17:27 PM »

in God we trust

Sensiyorum · « **Reply #4 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.

Tellmoth · « **Reply #5 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.

EnKoT · « **Reply #6 on:** March 06, 2018, 05:48:11 PM »

Quote from: MaxXXXX on January 28, 2018, 02:17:27 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...

innate · « **Reply #7 on:** March 09, 2018, 07:56:06 AM »

hm, it's nice. thank you for it

Zoey_iam · « **Reply #8 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.

yazzy · « **Reply #9 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.

Senseiwork · « **Reply #10 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

Sensiyorum · « **Reply #11 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!

Garden · « **Reply #12 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!

Senseiwork · « **Reply #13 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

Ifeanyichukwu · « **Reply #14 on:** May 26, 2018, 04:20:50 PM »

That's a good one. In crypto world, nobody is to be trusted.

Sensiyorum · « **Reply #15 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.

crypterum · « **Reply #16 on:** May 30, 2018, 08:33:49 AM »

Quote from: Ifeanyichukwu on May 26, 2018, 04:20:50 PM

That's a good one. In crypto world, nobody is to be trusted.

but yourself

emma.lee1890 · « **Reply #17 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"

FutureICO · « **Reply #18 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. So these are the things to look at.

kissmarx · « **Reply #19 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.

emma.lee1890 · « **Reply #20 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"

crroman18 · « **Reply #21 on:** October 01, 2018, 09:43:07 PM »

but what if it's a free bitcoin giveaway...? lol

FinnethB · « **Reply #22 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.

emma.lee1890 · « **Reply #23 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.

BITCOINBTC · « **Reply #24 on:** October 31, 2018, 09:09:32 AM »

in God we trust!

emma.lee1890 · « **Reply #25 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.

Areding · « **Reply #26 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.

Anast · « **Reply #27 on:** February 17, 2019, 10:33:21 PM »

Quote from: 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"

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.

letsgetit · « **Reply #28 on:** February 25, 2019, 08:09:39 AM »

yeah, in this business it's better and safer to trust no one

Meadow · « **Reply #29 on:** February 25, 2019, 06:21:21 PM »

Q: When should I sell?
A: Never.
That's a dubious one.

Hampan32 · « **Reply #30 on:** March 15, 2019, 04:12:36 PM »

I agree, in the crypto world, nobody is to be trusted.

frankcastle · « **Reply #31 on:** March 29, 2019, 09:23:31 PM »

nice faq

kventin.upgrade · « **Reply #32 on:** March 30, 2019, 12:18:38 AM »

Quote from: 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"

I would add: "A Calm and a reasonable breaks all the waves"

kventin.upgrade · « **Reply #33 on:** March 30, 2019, 12:22:00 AM »

Quote from: frankcastle on March 29, 2019, 09:23:31 PM

nice faq

very nice faq

popeye · « **Reply #34 on:** April 02, 2019, 10:50:59 AM »

Quote from: 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.

100%! Sometimes I don't trust even myself. Especially when it comes to passwords and access!

kbradshaw · « **Reply #35 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.

bit858585 · « **Reply #36 on:** April 05, 2019, 06:47:04 PM »

do not trust, do not fear, do not ask

Johnny Smith · « **Reply #37 on:** April 05, 2019, 06:55:38 PM »

Just believe in yourself!

kventin.upgrade · « **Reply #38 on:** April 06, 2019, 11:31:21 PM »

In crypto world, nobody is to be trusted.

bit858585 · « **Reply #39 on:** April 09, 2019, 04:22:30 AM »

Quote from: Hampan32 on March 15, 2019, 04:12:36 PM

I agree, in the crypto world, nobody is to be trusted.

you are right

Mermaid · « **Reply #40 on:** May 02, 2019, 05:30:57 AM »

We have to be vigilant always and everywhere, not only in crypto sphere:)

coin_talk · « **Reply #41 on:** May 03, 2019, 08:08:12 PM »

Nobody is to be trusted all around the world. There is only you and your goals.

Meadow · « **Reply #42 on:** May 09, 2019, 08:50:54 AM »

Quote from: 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.

What a pessimistic point of view, you guys, have got

OllieCrypto · « **Reply #43 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

Mermaid · « **Reply #44 on:** May 15, 2019, 09:39:47 PM »

Quote from: 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

Absolutely agree. Emotions can cause real troubles

coin_talk · « **Reply #45 on:** May 16, 2019, 10:16:05 AM »

Quote from: 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.

I agree. Very good advice.

bart8e · « **Reply #46 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

daviddaniels · « **Reply #47 on:** June 20, 2019, 11:55:11 AM »

Quote from: bitcoinforum.com on January 22, 2018, 03:39:21 PM

Jameson Lopp (19/Nov/2017)
Source: 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/

Jonycrypt · « **Reply #48 on:** July 04, 2019, 12:23:40 PM »

I agree, in the crypto world, nobody is to be trusted.

Jonycrypt · « **Reply #49 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"

Kostyax · « **Reply #50 on:** July 08, 2019, 01:27:04 PM »

Trust only your own experience in this area.

observer · « **Reply #51 on:** July 09, 2019, 11:15:16 AM »

Quote from: MaxXXXX on January 28, 2018, 02:17:27 PM

in God we trust

When it comes to my wallet, i don't think i might trust even Him ;d

opportuniti · « **Reply #52 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.

AskGamblers · « **Reply #53 on:** September 18, 2019, 09:51:46 AM »

I will definitely keep these FAQs in mind.

Fred55 · « **Reply #54 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.

Ann Smith · « **Reply #55 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.

Anicrypto · « **Reply #56 on:** October 30, 2019, 10:10:00 AM »

Quote from: Jonycrypt on July 04, 2019, 12:23:40 PM

I agree, in the crypto world, nobody is to be trusted.

Agreed, this place has lots of scammers, one has to be quite careful.

trader88 · « **Reply #57 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.

Anicrypto · « **Reply #58 on:** November 14, 2019, 10:41:09 AM »

Quote from: 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.

Well yes, everyone thinks and expects the same for bitcoin’s future.

Hagibis · « **Reply #59 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.

Sto_3 · « **Reply #60 on:** November 18, 2019, 11:31:16 AM »

Quote from: Ifeanyichukwu on May 26, 2018, 04:20:50 PM

That's a good one. In crypto world, nobody is to be trusted.

Agreed!

seekingtrader · « **Reply #61 on:** March 05, 2020, 07:50:26 AM »

i think it's better to trust your own instincts.

josephph · « **Reply #62 on:** March 15, 2020, 01:05:38 PM »

These are very basic yet very good rules to follow. Do not trust anyone but yourself.

John_Smith_0000 · « **Reply #63 on:** April 03, 2020, 01:40:23 PM »

The most intelligent FAQ I've ever read about Bitcoin. Brief, neat, efficient.

wesley3WZ · « **Reply #64 on:** April 06, 2020, 12:39:46 AM »

Well, as I've understood, we should trust no one, for sure...

Winners Club · « **Reply #65 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:(

minhhacu · « **Reply #66 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?

mlawson71 · « **Reply #67 on:** June 08, 2020, 04:20:54 PM »

People always think they know best, unfortunately.

Shiftal · « **Reply #68 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

tyuk · « **Reply #69 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.

boom79M · « **Reply #70 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.

expertcrypto · « **Reply #71 on:** September 03, 2020, 10:29:01 AM »

You should only trust in yourself, your own power!

mzk23 · « **Reply #72 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.

24ATM · « **Reply #73 on:** September 22, 2020, 12:12:40 PM »

Thanks for the briefing))

AnaBC · « **Reply #74 on:** December 09, 2020, 03:08:02 PM »

Very interesting and humourous briefing! Thanks!

Ventura33 · « **Reply #75 on:** December 20, 2020, 08:42:38 PM »

Hello, guys! And don't play any bitcoin casino's!

Beiji Cratos · « **Reply #76 on:** January 15, 2021, 06:15:18 AM »

Quote from: Ventura33 on December 20, 2020, 08:42:38 PM

Hello, guys! And don't play any bitcoin casino's!

Why? Have you had any bad experience with that?

TrekJunky · « **Reply #77 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?

Wild Wild SouthWest · « **Reply #78 on:** March 01, 2021, 02:37:32 PM »

Simple FAQ's but meaty!

andomedaneo · « **Reply #79 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]

Jurodda · « **Reply #80 on:** April 07, 2021, 06:07:53 PM »

Good answers to the questions! I mean the first 4 =)

CrazyMexicanIrish · « **Reply #81 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.

CryptoStar19 · « **Reply #82 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.

HeavLeighGill · « **Reply #83 on:** August 16, 2021, 05:37:54 PM »

Thanks for the newfound trust issues lol, good advice.

cashisking86 · « **Reply #84 on:** October 15, 2021, 06:57:44 PM »

It's the wild west unfortunately so I don't trust anyone. Dabbled with some HYIPs but gone into them with my eyes open knowing they will scam out so aimed to get in and get out early. Made some money doing that but best to avoid them really. More stress than they are worth.

costom · « **Reply #85 on:** November 10, 2021, 06:34:52 PM »

Trusting in God and trusting in myself

Pink dream · « **Reply #86 on:** November 30, 2021, 09:40:22 PM »

You got me interested. Thank you for taking the time to share information.

chriscrypt · « **Reply #87 on:** December 08, 2021, 07:47:49 PM »

What I know for sure is that I'll never share my wallet with anybody else. And I think even though it's quite sad, y'all guys are right - never trust anybody but youerself

superminesweeper · « **Reply #88 on:** December 09, 2021, 03:06:04 AM »

Trust yourself

koshkimishki · « **Reply #89 on:** March 06, 2022, 07:08:03 PM »

I completely agree with the opinion not to trust anyone but yourself.

dutchy1986 · « **Reply #90 on:** March 10, 2022, 03:57:24 PM »

Don’t trust anybody unless you know them, then you can make that decision

Ronan0521 · « **Reply #91 on:** April 12, 2022, 01:48:27 PM »

Don't trust anyone, trust smart contract.

MaryWilliams · « **Reply #92 on:** August 02, 2022, 12:05:55 AM »

trusted / im bored

deoolosmaflasw · « **Reply #93 on:** August 19, 2022, 08:19:14 AM »

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

davewhite · « **Reply #94 on:** September 15, 2022, 09:41:51 AM »

No one

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Author Topic: Newcomers, here's your FAQ: Who should I trust? (Read 458391 times)