Crypto is the frigging wild west, and just like that time period and place, there is a lot of excitement, opportunity and people out there who will monopolize on others with the wrong attitude and motivations.
If you don't know what you're doing, don't rush through it. The biggest mistakes can be made when you are doing something for the first time in a hurry.
Understand that scam tokens are run by con artists. They know you want to make a lot of money and make it fast. They play to your greed and jealousy. They build confidence in their victims and they are good at it.
Assume if an opportunity is too good to be true, or it's a “do it now or miss out kind” or thing that rushes you, you're better off missing out.
Smart crypto growth can be had, and a small percentage of your assets can be used for high risk plays, but you should have the attitude that only a SMALL percentage of your crypto assets are for those high-risk plays.
NEVER REVENGE TRADE
If you get yourself in a honeypot or rug pull, DO NOT immediately go and try to find another 100x. This is called a revenge trade and it is an easy way to get rekt multiple times in row.
This also applies to swing, leverage and margin trading. If you take a loss and are very emotional, take a step back and wait, take another look at the chart and be smart.