Greed is the main reason why people fall for scams.
If it were just ignorance, then simply understanding that anything too good to be true is probably a scam would already protect you. When you see red flags, you’d take the time to study the offer, recognize it as a scam, and walk away. But when greed takes over, you don’t bother investigating, you’re too focused on the rewards and in a rush to invest.
So it’s wrong to say that people fall for scams just because they’re newbies. The real reason is greed. In fact, even experienced people get scammed, so being a newbie isn’t really the main factor.
I wonder why people always capitalize on newbies alone, maybe they think that is only the newbies that easily get scammed in this crypto space. but I want to tell you that most newbies are even smarter than those who claims that they know everything that is going on in this crypto space. However, I think the only way out of this is that we shouldn't be greedy, Because is obvious that greed is the major reason why most people always end up falling a victim for all this crypto scam, this is why it needs to tackled so that we won't end up repeating that same mistake which other investors made in the past.