Developer, Bitcoiner, Entrepreneur, Author of "The Truth About Bitcoin"

Sylvain Saurel

The world of cryptocurrencies is not that different from the world of traditional finance.

In the world of cryptocurrencies, the difference is that the stories of people who made a quick fortune from nothing are legion. From then on, everyone wants to believe in their star.

This pushes many to believe in impossible things.

As soon as you are able to want to believe in impossible things, you are the perfect customer to be scammed. In this world of cryptocurrency that Gary Gensler, the head of the SEC, calls the Wild West, bandits are legion.

They will not hesitate to offer you golden opportunities allowing you to get rich very quickly. Since you want to believe it, you will believe it and give in. From then on, you will be scammed.

Who will be to blame?

The scammer or the scammed?

Obviously, the scammer is the main culprit, but I think the scammer has things to blame himself too. You can't break every basic security principle to protect the fruits of your labor and then complain and cry because you lost everything.

The best advice to follow is this: anything that is too good to be true is a SCAM.

This is how you should look at things. If you follow my advice, you will never get scammed again. You will effectively protect yourself from the greatest risk in the world of cryptocurrency.

It's up to you to follow this common sense rule.

The world of cryptocurrencies is not that different from the world of traditional finance.

In the world of cryptocurrencies, the difference is that the stories of people who made a quick fortune from nothing are legion. From then on, everyone wants to believe in their star.

This pushes many to believe in impossible things.

As soon as you are able to want to believe in impossible things, you are the perfect customer to be scammed. In this world of cryptocurrency that Gary Gensler, the head of the SEC, calls the Wild West, bandits are legion.

They will not hesitate to offer you golden opportunities allowing you to get rich very quickly. Since you want to believe it, you will believe it and give in. From then on, you will be scammed.

Obviously, the scammer is the main culprit, but I think the scammer has things to blame himself too. You can't break every basic security principle to protect the fruits of your labor and then complain and cry because you lost everything.

The best advice to follow is this: anything that is too good to be true is a SCAM.

This is how you should look at things. If you follow my advice, you will never get scammed again. You will effectively protect yourself from the greatest risk in the world of cryptocurrency.

It's up to you to follow this common sense rule.

Sylvain Saurel

What are the most common ways in which people lose their cryptocurrencies? How can we prevent it?