According to Flood's tweet, successful crypto traders often experience a lifecycle that starts with skepticism about fiat currency, leading to initial investments in Bitcoin due to its perceived stability. Traders then explore altcoins, attracted by their technological innovations, but eventually recognize many as scams, reaffirming the decision to hold Bitcoin for its reliability and established market position.

According to ZachXBT, there is a noticeable increase in cryptocurrency scams, with many people reportedly falling victim to these fraudulent schemes. Traders should exercise caution and verify the legitimacy of any crypto-related investments before engaging in transactions. ZachXBT's observation highlights the persistent risk in the cryptocurrency market, emphasizing the need for enhanced vigilance and due diligence among traders.

According to ZachXBT, there is a growing frustration with the prevalence of scams in the cryptocurrency market. The sentiment reflects a feeling of helplessness as warnings and alerts about these scams seem to go unnoticed or unheeded by the community.