That knowledge although doesn't easily come by. But it sure helps to put one in right perspective.
On Saturday, I attended a seminar on cryptocurrency. The organisers were marketing a certain Shihtzu token to the attendees.
The problem is that the said tokens can not be bought on any exchange and their terms is that they will get up to a million persons willing to invest at least $50 before the exchange launch.
Some persons were really in for it. After a while, I stood my butt up and left there while shaking my head
During the seminar.
This is just crazy and I know people will buy this nonsense and invest their money.
One time we had a scam group who claimed to be poloniex exchange and they offered people huge ROI in 3 days, these guys were able to generate more than 5 million in their first few days at office, at the end of the day they scammed everyone and left.
Nobody saw them when they left, all we know is that they left and we never say the again.
The fact that many look at the supposed profits without considering the risks or knowing what it involves is the reason such scams will continue.
It's quite unfortunate.