For newcomers in the cryptocurrency world, if you can grasp a key point, you can at least avoid over 90% of the pitfalls.
What is this key point?
Those so-called high-return projects are over 90% scams. What you want is high returns, but what they really want is your principal.
For example, a couple of years ago, there was a project that claimed if you invested one BTC, it could turn into at least five BTC in three years, with a maximum of fifteen BTC.
This sounds very tempting, but the first question is: where does such a high return come from? The most profitable companies in the market have an annual return rate of only about 30%, and achieving five to fifteen times returns in three years is simply unrealistic and illogical.
If there is no reasonable source, the only possibility is to chop your leeks.