The general rule of thumb is that if something is too good to be true, it probably is. There is no infinite money cheat in real life. When some investment opportunity promises returns that are much higher than what you can get out of “regular” financial instruments (a few % per year), then that’s probably either something very risky that’s equivalent casino gambling, or a scam.
Ask yourself: If this opportunity had such a high return of investment:
- If it’s a secret, why would anyone tell you about it instead of exploiting it for themselves?
- If it’s not a secret, why doesn’t everyone do it?
Financial investment scammers like to namedrop cryptocurrency (even if their scam doesn’t really involve cryptocurrency), because most people don’t really understand much about it, except that some people apparently became very rich with it. What’s usually not mentioned, is that every real-world dollar someone got out of crypto-trading is a dollar someone else paid into it. It’s just a system for moving wealth around, not for generating any. Investment into crypto assets is mostly based on the greater fool theory. And if someone tries to convince you to buy some crypto asset, then you are probably that fool.
