With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.
I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?
In fact, I don't sympathize with people who are cheated. Pizza doesn't fall from the sky. Greedy people will eventually be killed by themselves. With such a high return, I believe no one will sue you for this opportunity. This is human nature.
It sounds very cruel, but I also agree with you, I believe we are all adults here and aware enough that making money is not easy, nothing is free in this world. Those who are scammed, they deserve it, it is their greed that they suffer the consequences, if they weren't greedy, and didn't dive into get-rich-quick projects, they would never have been scammed. Earn money with your own efforts, cryptocurrency as well as outside life, to earn money you have to work hard, nothing is free.