Well said, I have seen many amateur trader falling for this, when a friend calls them about a coin they don't even try to make research on the specific coin, all they do is invest in the coin and when the market starts going bad they feel crypto is scam or not worth investing in, you have to make research on coin you are willing to invest in especially when it alt coin.
I agree, that many people not only in crypto investment but in other investments same like that. When their friends introduce their success on other platforms many people who don't understand will blindly put their money by following their friends. Any instrument of investment will need research at least before investing so don't be lazy to do some research rather than get scammed later.