I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have many people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.
Fear of missing out and greed drives them to lose their money. They think that these overhyped projects and get rich quick schemes will make them more money overnight but they end up losing their money.
I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly by investing a sizable sum of money that they cannot afford to lose in the cryptocurrency industry. They should be aware that no any crypto advisor will advise anyone to invest their entire life savings in any project that it will do 10x, since nobody can predict the future of crypto industry, and with that anyone who claim so, is a lier.
Absolutely, scammers always promise unrealistic profit, if you are greedy and put your money into their account they will scam you right away. If you can stop your greed you can save yourself from getting scammed.