Two weeks ago I saw my friend on Facebook posting such luxury and cars he already has and I know that person is into cryptocurrency so I know that he got all those things because of cryptocurrency that inspires me now to continue my crypto journey and I will start it with this forum as I know I can have a lot of lessons and advice here.
I hardly see any bitcoiner showing off wealth on social media, I might be wrong. But I have encountered many scammers or fraudsters on social media that got their money by cheating people by showcasing the wealth they claim that got from the crypto space. If you ask them how they became very rich, they will claim they are trading or investing in the crypto sector. I am not saying that the sector can make someone rich but you should get more information from your friend. This is because his flamboyant lifestyle can lure you to make the same mistake you made.
I just realized how risky cryptocurrency is, especially for those people who have not yet have good knowledge about it, I've learned from my mistakes last year and j am now here exploring again and will be careful this time.
Risks in the crypto sector are in levels. If your target is to make an instant profit within a short period, then you are facing a higher risk. But if you focus on investing in Bitcoin, the profit might not be big and instant but it is less risky.