Recognizing a crypto scam for a beginner can be complicated.
Here are some signs to know to avoid falling into scams:
🟢 Promises of gains that are too good to be true.
There are projects or people who promise you guaranteed returns or quick profits with no risk.
In crypto, nothing is guaranteed, and quick gains are often big traps.
To avoid this scam, you should always do your own research (DYOR) on the project presented to you, also check the project on CoinMarketCap, and be wary of unrealistic promises.
🟢 Phishing and fake sites/apps
Recognizing this type of scam is very simple. People write to you privately or by email asking you to click on a link to "get a reward" or to "verify your wallet".
These links often lead to fake sites imitating legitimate platforms.
👉 If you want to avoid falling for this type of scam, never click on suspicious links.
Check the URL of the site you want to connect to (for example: Binance.com, and not Blnance.com), download apps only through official stores or verified sites.
According to CoinGecko, over 11 million crypto projects have disappeared in 2025.
Behind this mind-blowing number that sends shivers down your spine, there are thousands of investors who have held onto cryptos out of frustration, waiting for a rise or even a miracle that unfortunately will never come.
Facing this situation, here is the advice I can give you:
The difference between an investor who survives and one who fails is their ability to rebound and respond effectively.
Don't fall in love with crypto projects and always invest only what you're prepared to lose.
Always plan an exit price in case your position on the crypto becomes invalid.
This cryptocurrency that was supposed to "revolutionize the structure of the Internet" started at a price of $700 right after its launch, with a market capitalization of over $328 billion, making it one of the largest cryptos at the time.
Except, of course, the system was built on a false promise: it serves no purpose.
Within just one and a half months, its price had already dropped by 90%, and since then, it has fallen another 90%.
It is now down 99% from its initial price.
Of course, it's highly likely that the creators and "insiders" massively enriched themselves, while the rest of the world lost everything!
Big news regarding cryptocurrencies from our neighbors in Ghana.
On December 22, 2025, Ghana has just adopted a law legalizing the use of cryptocurrencies within its territory.
Thanks to the adoption of the bill known as Virtual Asset Services Providers (VASP), Ghana ends years of uncertainty, providing young people and entrepreneurs with a safe and healthy framework for trading assets.
This law aims to regulate the use of cryptocurrencies while protecting consumers.
It also imposes strict standards on cryptocurrency exchange platforms and virtual asset service providers, ensuring the security of transactions.
The adoption of cryptocurrencies in Ghana is excellent news, as it could have positive impacts on financial inclusion.
Indeed, in a country where part of the population unfortunately lacks access to traditional financial services, cryptocurrencies offer an accessible and simple alternative for making payments and conducting transactions, especially for sending and receiving funds from abroad.
For reference, 3 million Ghanaians already use cryptocurrencies for transactions.
Even more impressive, cryptocurrency transactions in Ghana reached $3 billion by June 2024 according to Web3Africa Group.
After several research studies I conducted during this day, I can tell you that this drop has nothing to do with the fundamentals of Bitcoin.
It is about external factors that do not depend on the queen of cryptos (BTC).
These factors are as follows:
➡️ Japan surprised everyone last night with the surge in interest rates that exceeded 1%, triggering a macro shock that pushed investors out of risky assets.
➡️ China again confirms for the thousandth time the maintenance of the crypto ban and announces a desire to toughen the crackdown on stablecoins.
Result: we once again saw a liquidation of more than 650 million dollars in the market.
In the face of this decline, I still maintain my same strategy.
As long as there is no risk at the fundamental level on BTC, I remain bullish 👌.
We are still buying the dip 😉
And what are you going to do during this new drop?
Losing 1.2 billion dollars for a forgotten password?
In 2023, Rain Lõhmus (co-founder of LHV Bank in Estonia) explained on national radio that he lost access to a crypto wallet he created during the Ethereum presale in 2014.
As a result: more than 250,000 ETH have been sitting in his wallet for over 10 years, with no withdrawals.
With ETH around $4,700, the Estonian banker’s wallet represents over 1.2 billion dollars today.
Moreover, on-chain data shows that his wallet has only received small crypto transfers and has never sent ETH.
In other words, the money is there but inaccessible.
The lesson to take away from this story is to know that your seed phrase (recovery phrase) is the important element of your wallet that you must protect at all costs.
If you lose it, you lose everything.
If someone sees it, they can empty all your cryptos.
Here are ultra-simple good practices to apply to protect yourself:
👉 Never store your seed phrase online (email, Google Drive, iCloud).
👉 Write it down by hand and store it in 2 safe places (or engrave it on metal).
👉 Do not share it with anyone (not even your friends).
👉 Test the restoration of your wallet with a small amount before putting significant sums in it.
👉 Prefer a hardware wallet for your significant amounts (and enable 2FA on your accounts).