My brother in-law had FOMO and wanted to buy Bitcoin. I explained that he needed a cold storage and he should wait to do much of anything unless I was there to help set things up correctly. I was hoping to guide him through the process of getting on an exchange, setting up his wallet safely, and basically give him the low-down on how to be involved in crypto. He chose to go solo.
Fast forward, he screwed something up, called "exchange he was using" who remoted into his phone, and basically stole his money. He calls me after the fact asking if I knew what was going on. He knows now that it wasn't the exchange and that he was basically robbed by scammers.
- Verify a URL is the actual URL you are trying to get a hold of. CompanySupport_com is not the same as Company_com. Contact support from their App, don't go looking for external numbers or emails.
- Don't let someone remote into your computer or phone unless you personally know them (even that is a stretch).
- When you set up a cold storage, and it tells you do follow the instructions exactly. Follow the instructions! That seed phrase is insanely important.
- Don't take any pictures or save any digital copies of anything. You may be big and strong in the physical world, but a tiny hacker can destroy you online.
TLDR: New people, don't be stupid. Bitcoin isn't going to a million dollars in a day. Don't let FOMO make you do stupid things.
Also: Fuck you scammers.
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