Risk of scam ICOs is more during Bull phase

[grifinmch]

not just in a particular phase of the course. but the scam has indeed been much going on especially for this time because certainly, many who started assessing the field of crypto started big enough can make a great value. always be alert is definitely a liability because when just washed the flow alone would easily get caught up in this scam.

[1714921741]

1714921741

[jpaul]

We have seen few scam ICOs.  I think during Bull phase when prices are rising every day; people are very much enthusiastic to invest in Alt coins by directly buying from the market and from the ICOs.  More and  more people then want to buy more and more coins because the price are rising day to day.
So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market.  So in a greed to become rich overnight, people sometimes buy such coins.  Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.

Yes there is always a higher risk of scam during the bull phase since there is a lot of money and people are more inclined to invest in new coins when they have a lot of money to spare. That is why you see that majority of the scams are run when the market is in a bull and they are more successful with it. Now there is not a lot of money in the market so they are not making a lot of it

[Legendari]

In fact, now the bear market and the number of scams is as large as during the bull market a year ago.

[el_lobo]

In fact, now the bear market and the number of scams is as large as during the bull market a year ago.

That is true, unfortunately.
I have not been there for so long, but the scam ico does not seem to get less.
For that the reputable projects are becoming less and less.

[GmBoom]

I believe so, because most of the investors, especially the investors that still lacks knowledge about the coins that they want to invest. Especially for bull run, the investor got FOMOed and never care about its background of the token. It may be a scam coin. So better make use of your time and do your own research first.

[moonblocks]

Crowdsales generally raise more funds during a "bull phase" as investors are actively trying to cash in on a rising market but scams exist regardless of what phase the market is in so you should always do your due diligence if you're seeking to invest in an ICO even if it has a good benchmark rating and decent reviews

[drgomez89]

yes as some other guys said i think scammer can work in every phase of the market since the lessproffesional wich only writte to u in telegram groups claiming to be people the are not to some guys who build web fo fake icos and a lot of thing in a very proffesional way bbut investor everyday are smarters they should be fre courses how to detect scam icos for new investors

[libert19]

That's right. In bull phase, most of coins rise, so people have money to invest and they invest it in ICOs.