The biggest cause of crypto scams are not the shady operators that operate on the network. It is also not Russian hackers with extraordinary abilities. 

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No, the biggest cause of cryptocurrency scams is greed. And not your greed, yours. If you lost money in Bitconnect or Davorcoin or in a phishing scam by email or in "Vitalik Buterin" promising you ETH for free on Twitter, you are not the victim, you are the culprit.

If people did not continue to take the bait, the scammers would not continue cheating. If nobody had negotiated in Bitconnect, Bitconnect could not have escaped with millions of dollars.

If you want to get rich on this, put money in three major cryptocurrencies that you trust, save them in a hardware wallet and forget about them for five years. In 2023, you could be rich, you could be poor or you could be somewhere in between, but there is one thing you will not be: ripped off.

Unfortunately, many investors seem to have adopted the 50 Cent mantra of "Get rich or die trying." When misfortune hits their pockets, instead of recognizing their foolishness and distrust, they attack, blaming anyone and everyone. It's Twitter's fault for allowing fraudulent accounts.

It is the fault of the regulators for not taking strong measures against these threats.It's the ICO's fault for allowing scammers in its channel. It is the media's fault for causing fear, uncertainty and doubt, forcing Bitconnect to withdraw its stellar loan service. It's not your fault. No one else's. Yours. And the only way to prevent this kind of thing from happening is to say things as they are.

Stop chopping the bait. Stop buying in schemes that seem too good to be true. And stop encouraging your friends and relatives to accept them too.

Because if there is a subset of victims who do not deserve that fate, they are those who were attracted to the Ponzi scheme by people they trusted, because that is what usually happens. The learning curve of cryptocurrencies is long, and somewhat slow.Any of the newcomers can be forgiven for feeling overwhelmed and misinformed.

That is why you must first educate yourself, search, investigate, compare and check before jumping into the water. Buy a Bitcoin. Buy a CryptoKitty, if you want, but under no circumstances put your money in coins, schemes or ICOs about which you have no idea.

Now a group of "vigilantes" established to track Bitconnect scammers seeks to finance their operations by establishing an ICO for their own "Justice Coin," or currency of justice, with which they promise a 2% daily return. Believe it or not, some of the victims of Bitconnect will bite the hook, and they will be scammed again, possibly by the same people behind Bitconnect.

When you ask yourself: Is this a scam ?, it's time to do your homework. Search, ask, investigate. There are no excuses to be fooled anymore.