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60 sats \ 4 replies \ @ek OP 13 Jun 2023 \ parent \ on: Have you ever got scammed? bitcoin
Oh yes, IOTA.
I bought BTC, ETH, DASH and IOTA in even amounts as the first coins. I even had to register on Binance, send ETH to Binance and then swap for DASH and IOTA since I didn't find a easier way to buy these coins, lol. The effort I put into buying them could have better spent in doing my research. Now I probably still have some ETH dust in Binance which I can't get out because of the fees / min withdrawal limit.
I tried to tell my siblings to not repeat my mistakes with IOTA and at least also buy bitcoin instead of just IOTA. Fortunately they did, but not sure what their percentages are.
But how exactly did you get scammed? Do you mean solely by buying these coins or was there something else, too?
I was scammed because I was told one thing was true, only to find out the reality is nothing like that at all.
Everyone who has ever bought Eth for example was scammed. You're told its just code. Its decentralized, it acts on its own. The reality is that Vitalik has the sole capability to push software updates to Ethereum and even reverse code execution.
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Ah, I see. I get your point
I didn't think about my shitcoins as scams because it felt more like a mistake of me which I could have prevented.
I didn't think much about this yet but seems like my definition of a scam is if someone is actively pursuing you and trying to convince you to buy something which turns out to be something else.
No one "told" me about ETH, DASH, IOTA. I just read about it on my own and made my own decisions hence I see them more as my mistakes instead of "getting scammed".
Of course you could make the argument that the media told me. But no one told me to listen to the media.
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Lots of people were actively making all kinds of YouTube videos to actively convince people, to convince me to buy these things. Videos where the creator of the video is super excited and hyped for the future because of this thing's existence. All they did was repeat what the shitcoin devs said it was supposed to be, and they turned out to be something else.
So I do mean scam in as literal an interpretation as you can come up with.
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Yes, as I said, I get your point.
Just wanted to explain why I initially didn't think of me buying shitcoins as getting scammed. Even though it probably is. I still see me not being financially responsible as the thing having more effect than some random people saying stuff in the internet.
I think I didn't even listen to any arguments, lmao
I think I literally just looked at price charts and said: "this chart looks cool"
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