Why people are always in a sinkhole situation

[Eternalman]

I would say, it is not just greediness or any one of the bad behaviors. It could simply be a lack of experience in this crypto world, coupled with the desire to make extra money because they need it.

I personally almost fell into this crap, I work at a dead-end job, and it's been about a year,  I have been interested in crypto world, and now slowly starting to understand this world. But there is so much to learn and understand you know.

But when I joined, I really wanted to make money and thought even perhaps it was possible to make money, since those self-proclaimed gurus were (as per their claim) making it.  

I wouldn't say, I was greedy nor I am, I just don't like my job and I am looking for a way out, the problem is that one of the ways that I thought was out, wasn't really out unless I was quite a knowledge which requires lots of learning and experience, which itself comes at a financial cost and time-wise.

So, I think people are going to keep falling into those schemes, and keep making mistakes. It is not changing any time soon, and to quote it is mainly due to greediness wouldn't not have been the  full picture!

I could see making money,  2x or 3x possible is by finding those altcoins before they release, at their private pre-seed offering, and investing early, and dumping as soon as they release, or whenever your cliff allows you. but finding one isn't that easy, and it is not always the case that the coin increase in value. So, that is also a big risk!

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[SOKO-DEKE]

I'll say that a large portion of the scammer's victims are those who lack knowledge of Bitcoin's origins and the rationale behind its creation. Many people are unaware that Bitcoin was developed as a substitute for fiat money so that we could store our funds without the involvement of third parties. Again, some people are knowledgeable about Bitcoin and cryptocurrencies in general, but they are also eager to become wealthy quickly. As a result, they invest in scam projects rather than in accordance with their knowledge because they want to make money quickly in cryptocurrencies but fail to realize that this is not how cryptocurrencies operate.

[Getmon]

Basically, many con artists target not just bitcoin. Swindlers of bitcoin and fiat are all over the place. People are greedy and they only realize this after being conned. High-yield investment programs were thought to be legitimate by inexperienced individuals. I even have no idea why some people give their money to websites and people they have never heard of.

When it comes to altcoin investing. Even though some of the new coins are real, the majority are still used to scam a lot of people. It is preferable to invest in bitcoin.

[Asiska02]

They fall for these scammers and lose the majority of their money because they lack sufficient knowledge or understanding of the bitcoin market. Greed is another factor that has led to this. Even to a layperson, it is impossible to sit around doing nothing and expect your money to double or triple over night. There is a reward for every effort. Laziness is always met with disappointment, which can lead to further disappointment and eventual retardation. All newbies and people who are new to an investment or project should always seek to learn more about it before taking a step into it in order to avoid sinkhole situations like this.