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.
greed will become a ticking time bomb and this will have a detrimental effect. Greed doesn't matter whether someone is a beginner or not, some of those who are already professionals are also caught up in greed. This is indeed an unhealthy mindset and requires self-introspection so that it does not become a trait that continues to emerge.