As long as people are greedy and want to earn money, I don't think there will be a period in time where it will stop because people get into these schemes because of greed and profit from it. There is definitely no end to it.
I don’t think greed is the main reason, they fall for these scams mostly because of stupidity.
Greed is one thing, but if you're smart, you’d still know how to manage the risk. But plain stupidity? That leads straight to regret.
That’s why I asked,
“When are they going to learn?” I know some people in our country who’ve already been scammed by Ponzi schemes, yet they still join again and just treat it like they’re gambling.
Even if they are stupid and ignorant about it, but if they can control their greed, greed cannot drive them to participate blindly. They will never fall into these traps and no one can scam them.
Once you lose control of greed and let it dominate your mind, your intelligence becomes useless. That is why there are many people with high education, talent, and high status but have very tragic endings. Similar to the market, why do many experienced investors with extensive knowledge still sometimes fall into altcoin traps and lose money? Not because they are stupid, but because they cannot control their greed because everyone wants to make a lot of money and get rich quickly.
Greed exists in all of us, whether we are rich or highly educated, not just the poor and uneducated. And whether we can control our greed or not depends on each person.