I decided to create this post after seeing the number of people getting scammed increase. The statement in the title is something you should generally live by, and it is especially true when you are dealing with the stock or crypto markets. There is no free or easy money in this world. You would have to be one in a million to luck out and find a coin or stock that will moon, and a further one in 10 million to actually hold that asset until it does and cash out at the right time. This is somewhat relevant but besides the point.
If you see a comment offering free money if you click on a link and follow the steps. Scam. If someone DMs you and asks you to send them money so that they can invest it for you and return double. Scam. If you see a YouTube video where is claims that you can get a high x% ROI by investing in an obscure coin. Scam. Literally anything that leaves an initial impression of "wow, I can make a lot of money if I do that". SCAM.
The crypto space is still relatively new and much about it is still unknown. It's the perfect place where people who are recently joining with promises of riches will get burned. Don't play with what you're unsure of, but if you do, keep the statement in the title in mind.
There are really folks that have been lucky with their investments, call it, penny stocks, meme coins, shitcoins and any other investments that they've been once ahead because of the luck, craze, mania and hype that it has brought.
And with this thing, there goes the scammers that are also increasing day by day and sadly newbies are also affected because they look at the success of those lucky investors.
Due to that, new investors think that they'll also be lucky and these scammers are just giving some captions that will easily catch the greedy new investors that don't look the typical process of investing that it's requiring, patience and knowledge.