you are very right, doing your own research is a must in cryptocurrencies, you can't blame others if you lose a trade or money in investing. But in crypto most people don't do DYOR, they are just looking to get signals or ideas for trading and investing, which is not good
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Exactly that’s why you see few people playing in it now because the majority were in it for quick gains put your money in any coin boom and then cash out they would rather lose money then actually research and accumulate positions based on their research and take responsibility
Like with Bitconnect while I feel sorry for the people who lost money they didn’t bother to look further than what people were dying on YOuTube and you can only blame yourself for that