For those newbie in cryptocurrency in all certain platform, if you want to invest your money first, you have to think and conduct a research regarding on why do you want to invest your money. For you to be able to gain a good profit and to avoid the losing of your capital. Hence, there are some people who have insufficient knowledge in trading, investment etc.
Not only in cryptocurrency investments but every investment option out there, investing blindly without knowing the in and out of the what you are investing in a sure way to run on a massive loss. A lot of people even some of the self acclaimed experts often trade without proper research and vetting of the project which is very bad and often result in massive loss. Investment is this space is highly risky and there's not any legal advise to it so every have to own up some responsibility