The problem with these hype times is that scammers can get in easily especially codes can be easily found on the internet, anyone can create their own coin. The hype is real I must say, there are investors who are making tons of money during the initial listings. But the thing is, most people disregard on who are the people behind the project, and so when they leave no one really knows if they are coming back, where can you find and contact them. People behind projects are floating in money, and their investors left with empty gas tanks.
Of course, there is a lot of deception now and there are practically no guarantees. All actions that we perform are at our own responsibility. Don't trust - don't mess with the crypto space. All digital currency is still so raw material. Many hope to get money out of thin air.
This is the main reason why many fall for scams as well, because they are not after changing the world or finding something better, they are all after making more money easily and if you want to focus on making money easily obviously you are going to end up losing a lot of money which is totally expected.
