I didn't understand why people were so trustfull in staking for so long. Then I didn't understand how you could put your life's savings into a single cryptocurrency (unless it is bitcoin, that's my opinion).
I don't understand how someone can invest their entire life savings in anything, and that includes Bitcoin. Because although Bitcoin from an investment perspective looks very promising, the future has always been and will be uncertain, and therefore diversification is something that only makes sense.
And yet it's happening all over again. People don't seem to learn from the past.
Only intelligent people learn from other people's mistakes, others choose the hard way and learn from their own mistakes, but that's something we can't change. This is something that works for scammers, because they prosper precisely because of such people and the fact that today anyone can
"invent" cryptocurrency, list it on some CEX and claim that this is the next big thing.
I misspoke, as many of you have noted. Of course you have to diversify your investments, I meant that if I wanted to all-in, then I'd choose bitcoin over a new crypto, even if it's in coinmarketcap's listing and especially if I can't withdraw it when I want to.
We can see that people are always ready to invest in anything and continue to listen to anyone: these people, influencers, on Youtube and other social media, get huge commissions for promoting any shitcoin.
Fatman recounted on Twitter how he earned 3.45 BTC on Twitter and 2 BTC on Discord in just in two tweets (he later repaid). He wanted to show how simple it was to scam someone by promising a crazy return.
I think it's important to remember Bitconnect, Madoff and the others to learn not to fall into these traps. But it's true, as someone mentioned above, that cautious people who really check out the scams section already know about them.