Its shocking to me that over time huge ponzis still exist and thrive for scammers. I guess thats why im weary about ever putting money into something i understand and can vet myself without the "trust me bro" advice on investments. Not that its secure knowing a product and thinking its safe but by doing that you can sniff out scams a lot easier.
But the pattern is still the same, i.e. too good to be true offers, high yield returns, and that is already a red flag. And it's not just applicable for crypto, we have seen throughout mankind's history on how this is run and so people should be aware of already.
The scam pattern is the same, it's Ponzi but people don't change and don't care to read and learn from past Ponzi scams and painful stories of Ponzi vitcims. They fall to similar Ponzi scams by themselves, because when they started to engage with Ponzi scams, they thought it will be different this time and different for them.
It's very big bad mistake victims of scammers have. If they're able to learn from the past and don't think this time is different, they will not be scammed.
And it's true, out best weapon on this kind of attack are self education and only trust platforms that have build their reputation already in the crypto space.
Be educated, be careful, control your greed, then you will make right decision and will nearly not likely be a scam victim.
