People's failure to educate themselves about crypto is their first and most significant mistake. Many initially believed that cryptocurrency was a relatively high way to gain money quickly. The truth is very different. Even novices lack the knowledge important to protect their assets. The main issue is that people get greedy and fall victim to various cryptocurrency scams. After losing money, they do study and learn. Hence, we ought to learn as much as we can. We will be safe once we have a comprehensive understanding of crypto.
I think newbies do not actually gain much knowledge in the beginning, because they prefer to experience first and when their investments have turn into losses, that’s the time they will start gaining basic knowledge and understand how crypto will become profitable. Although I am not against about it as experience will always be the best teacher, but if they can be more knowledgeable and knows the value of crypto investment in the first place, then they can avoid much losses in the investment process.What newbie trying to adopt are those risky decisions to invest without even thinking about what they are doing since they believe that this is easy get rich scheme for them that's why they flop and lost there money instantly. If newbie should research all necessary things needed especially basic information about crypto for sure they can minimize the risk about it and also they also need to learn how ponzi schemes works so that they can avoid such different types method exist to avoid get scam by random scammers.
