What Are Common Ways to Lose Money Online

[Mika]

You should be making money online as there are a lot of ways to make money online and what ever you do you can still monetize your activities. However, a lot of people end up losing money online. Somne people get scammed and lose money, some people are ignorant, so they lose money, some people are greedy so that lose money. Some most common ways to lose money online include:

Using betting sites to make money

Online gambling

Investing in High Yield Investment Program

Investing in Pyramid Scheme and Ponzi schemes

By the way have you lost money online, how did it happen?

 

[Spencer]

Generally being overly trusting online will harm you more than it helps you, also you'll have to work on your greed, sometimes we can't overlook some offers as they're mouthwatering or they promise us crazy returns, in such instances you can easily get scammed and lose your shirt, you should also not be quick to put in your card details, always make sure it's a trusted payment gateway because your details can get sneak on and you'll end up getting scammed.

If you have a friend's group you can ask for their opinions before using a website that requires payment to be on the safe side.