> "As soon as you could exchange Bitcoin for money, every scammer came out of the woodwork," he said. "A lot of people [involved in crypto] have a history of sc

> "As soon as you could exchange Bitcoin for money, every scammer came out of the woodwork," he said. "A lot of people [involved in crypto] have a history of scams." This is well known. But, if you are a Reddit user or many other platforms you may think that cryptocurrencies are the best thing that happened to the economy since the industrial revolution. > "What you've described is called pump and dump," Springer explained in a phone call where we walked through the various altcoins and their marketing schemes. "It could also be a ponzi scheme or a pyramid scheme or even both." This is so basic that every student should know about it. How they are going to be manipulated by people willing to earn money at their cost. When this young people that though being part of a "movement" and that they were "smart" lose everything, they are going to be angry, many are going to double down trying to get to that promised easy money. As a society we are failing them, letting them be victims of this predatory practices, this fools endeavor that promises fast easy riches. Lack of good education and regulations leave the young to be predated by the unscrupulous.