If someone falls into the trap of getting rich overnight and hands over their hard-earned money to others, then that is certainly dangerous. But it may not be just laziness or stupidity. You are right that we can easily get information on the internet these days, but the problem is that many newcomers do not understand the difference between accurate information and organized fraud. The fraudster is quite clever, they do not run away with the money in the beginning, but they gain trust by giving money regularly to a few people, showing pictures of profits, using people they know and finally they create an environment that makes it seem like the project really works. Even many educated people can be fooled by falling into such a trap. The word guaranteed profit should actually be taken as a warning, not as a way to get rich overnight.
That a point though and you are right anyone could actually fall for the trap doesn’t matter being educated or not because this fraudsters are also clever so they will do anything in their power to make everything sounds real and looks more convincing and for us to hardly believe that such activity isn’t real.
We really need to be very careful and absolutely vigilant about things like this because fraudsters keep coming with new line of way just to scam people.
And just like you said they gain trust and build a community on trust and when they suddenly start seeing more people in the community then they begin to start working towards their plan of moving away with people funds.
Absolutely correct, these scammers are even more vigilant and more careful to make sure they look so real. With the coming of more advanced AI, they now look absolutely real in everything they are doing.
Sometimes we are not even convinced by them but by our friends, relatives or even loved ones. In a case where maybe a friend of yours invested and maybe he his lucky and he his Amongst the first few people that were paid, then they try to convince you, and with that you tend to easily put your money into it.
So lastly I would say it best you believe you can’t out smart the market, you should just know the best way to generate wealth is boring, slow, consistency. With such mindset you will be at the best defense.