Many crypto investors lack basic street smartness. If some random person on a street approach you and make you great offer they probably have "knife hidden behind their back". The same in crypto, if something is too good to be true you are the prey.

Not failing for most crypto scams is not matter of being crypto educated, it is matter of using basic human logic and minimal social awareness + being internet user for at least few months. It is scary most people are so gullible. I am a bit curious how no one mugged or scammed them in their real life, they must live in some utopian village when no one close the door.

Average person should be smart enough to not believe randoms in the internet (come one, scammers in DMs ot fake e-mails exist since 1990's it is nothing new) and to now believe in too good to be true offers. How you can even life your life if you believe anyone like last fool, you shouldn't trust everyone. There are maybe 10 people in the internet I trust and only cause I know them for veeery long time. If some account with 1 karma DM me on Reddit saying "Hi" or "Hello" I don't need to be Sherlock Holmes to know it is scam. Even if I wouldn't be in crypto it still would be a scam, no one real in the internet ever will message you like that.

Maybe it is me growing in city in europe, but come on, you should be able to be at least a bit street smart if you want to succeed in life. Investors especially should be able to tell cheap tricks and see simple manipulation. If you would work on Wallstreet or just in average company you would get kicked after first day if you would believe in APY that is 30% a month. Even my grandma would be able to tell it is a scam. If you still need to ask "Guys I found this new project they promise to make everyone millionaire" lack of crypto knowledge is last of your problems, cause that mean you also have zero general economic and investing knowledge and are too trustworthy to be responsible for any money bigger than lunch money. At least where I live people on the street will try to scam you at least few times a month, charm of city with tourists... Everyone over age of 10 or 12 learn to auto assume anyone that approach you randomly on the street want to sell you something not worth it or scam you, if nothing worse. Maybe it is a bit part of european culture, but I don't think anywhere in the world people will chit-chat with you if they have no business in doing so.

If you don't think if something in crypto is a scam just convert it into non crypto situation. Imagine guy on street approach you and tell you can get you 10% profit on your money every month, would you believe him? What if he told you he will double your money, just gave them to him and tomorrow he will come back with double amount? Of course you not trust him, you would either thought they deal drugs or want to scam you. No one is stupid enough to believe in this (if you would believe in offer like that anyway just stop investing for your own good and enjoy being poor, cause you will lose all your money sooner or later anyway). Then why you believe even more unsustainable profits in crypto? Money aren't free and no one will give you crazy APY just like that. If you someone does, they are predator and your are a prey, somehow this offer will backfire at you.

Only people you should trust are those you know. Don't assume random person that DM you or some new project is worth your trust. In crypto it is not trustworty until proven otherwise, it is untrustworty until hard facts will prove otherwise. Scammers and hackers are everywhere, don't make their job easier.