Yes, and as much as I'd like everyone to just crash and burn, every few times now and then I think we should also try and bring them back to the path of least pain

I do understand that people have to learn their own lessons too. I sure did and I'm sure many others did, they say that you have to lose your own money to understand or appreciate what it is all the hard work behind it.
Maybe if more people started doing this less people see the 'false promises'.
I certainly did, not only did I invested into things that went low and crashed so hard that they never recovered, but I also lost money in crypto companies as well, from cloud mining companies to exchanges to gambling to many other places.
So, I have to say that I learned my lessons the hard way, and now I am making a good profit, even though the price dropped a lot, my averages are still quite low and I am feeling fine about it. This required me to lose so much money, and because I didn't hold it, I ended up missing out on so much money as well. It requires a bit of time to become like this, I am sure eventually everyone will reach this level.
I only ever invested in two companies, one was a gambling one that I actually used for years, the other was a atomic wallet or whatever it was supposed to become. Both lost a lot of money for me too, the second one supposedly made some people still on this forum very rich and going on holiday, coming back and telling us we didn't lose money, a product was made, and reimbursed us some of our lost crypto (but they enjoyed a lot of it plus the forked stuff). Anyway, old story, long story.
So you're right, two lessons. No shitcoins. No shitprojects. They're all shitprojects if they want your investment.