Newbies are mostly greedy and that they always expect that investments comes with guaranteed profits, the reason why they take every chances in every projects that promise huge profits. If not for their greed, they won’t end up being scammed easily. Also, most of the newbies lack knowledge and experience so their decisions are just only for trial and error, they don’t have various experiences to consider so they would end up with a right and fixed decision in investing.
Greed will come when we want excessive profits even though we have already made profits. Or the newbie joins a program or project that promises to provide great returns over time. If beginners can find out more information about the project, they can find out that it is a scam or a project that has the potential to improve. This triggers beginners to get scammed because of the lack of information about what they will follow.
Too much greed is an unhealthy mindset and most of them ( I think the majority) had fallen to losing ends.
- too much greed
- knowledge
- experience
These are the most probable cause that newbies or some people become a victim of scam projects. And this was the reason also why people had changed and growing as they learn a lot from their bad or worse experiences that open their eyes and see the reality of the market.