Be Excited about the rise, be wary about the scams, and loss

[Latviand]

Now that bitcoin is still making history and pushing itself into $30k mark then this is the time where criminals are more active.

Scammers are more vital in different platforms fooling and looking for someone to be their victim.

Those fake giveaways, fake schemes, fake help are the things that they are using to lure their victims to send bitcoin to them. Many newbies are unaware about this because all they want to do is to make money and deal with the market to make their investment profitable during bull run. Don't be too excited and greedy, be careful when surfing the internet especially those social media platforms.

[LogitechMouse]

When there is money, there is always scammers .

This also happened in 2017 when scammers are swarming in the ICO and numerous scams have happened on that year and in 2018. Now 2020, scammers have swarmed the DeFi and they scammed so many investors again. This is where the knowledgeable and not ignorant investors have the upper hand. They know which are scams and which are not.

Now regarding to buying Bitcoin, knowing the basics of Technical Analysis will help you determine what will be the possible next move for Bitcoin. Losses are inevitable but having more knowledge can lessen your losses.

[Fredomago]

To everyone new reading this hope you don't have reason for your excitements to turn to regrets, I consider myself new just like you, but I am indefinitely trying to bank-in more knowledge, experience.
Amazing, exciting is not to enough to define the price of Bitcoin ATM and this news is almost everywhere, even friends of my who are not into crypto-coin are hearing of this break-off the All time highs, and as expected they want-in.
Am not saying you -Newbie- did the error to join now the price is above 20k and above the all time high, there is no bad time. But as you are excited about the price, being into crypto-coin be wary and sensitive too.

Everyone of us will always Newbie in crypto market because development in this area is continuously progressing so at any time we will have to adopt  for not tobe leave behind.

+ scams: this is there time -the scammers- be sensitive about what crypto-coin you buy, where you buy them, and how you buy them.
+ the price may flip-off the exciting rising road, don't want this but except it.
+ work easy: be patient, learning and smart.

The best weapon? prevent investing from New project ,i am not saying they are all scams but majority is.
so instead of risking in those why not just Put in legit and existing currencies ,maybe the possible Profit is lower but the security and safety is higher.

[lifeforcepools]

If you are engaged in crypto investing, you should be prepared for these factors at any time - yesterday, today, tomorrow.

[Kez1817]

Scams can't be stopped 100%, there will still be some newcomers that aren't aware of all the scam methods these scammers have plotted. Scam like the ones on twitter are looking more legit, people now buy verified twitter account to post scam link. Such is very easy to believe.
I also received an email with a phishing link from a fake ledger email. I'll make a post on it

Yeah, and many people have been scammed repeatedly but still not learning. In telegram, even the admin always remind that don't believe on scammers but people are too lazy and didn't listen the reminder. There's a lot of scammers anywhere, and they are very attractive to others that's why many are still blind to fall to them.

[pixie85]

It's really easy to avoid scams. You just have to curb your greed

An extremely rare occasion is usually a scam, same as some really cheap deal of your life that someone is trying to persuade you to take.
Buy and sell from confirmed sources and keep coins offline, that's all there is to it.

[milewilda]

It's really easy to avoid scams. You just have to curb your greed

An extremely rare occasion is usually a scam, same as some really cheap deal of your life that someone is trying to persuade you to take.
Buy and sell from confirmed sources and keep coins offline, that's all there is to it.

Curb your greed and of course you should really be having that common sense and logical thinking for you to able to avoid on possible scam attempts that you might encounter.
People do miss out this very basic thing because they do let their greed to overcome and made out foolish decisions which do in result into a loss of money.
You would really be able to save your ass if you do really mind towards your actions on things around you.If things or offers turns out to good be true then always
have doubts and think again on engaging with it.

[wxa7115]

First off, all these comments are from people or are they bots?  I notice even on twitter when it comes to politics, you see these accounts post comments where it sounds like a bot... then you see other users who post the same exact thing.


I assume the scam here is you then contact that persons whatsapp or phone or telegram, then they ask you for money... then you get scammed?

That is basically it, bots are becoming incredibly sophisticated and there will be a time in which you will be unable to distinguish between a real person and a bot, and even if there could be humans behind the keyboard that does not mean they are like you, they could be paid in order to give positive reviews about whatever you read in social media in order to attract victims to the scam.

All in all the solution to this is simple, do not invest in anything unless you are completely sure on what you are doing and if for some reason you are unable to do so then you need to leave behind any idea of making fast profits by trading or investing.

[Oilacris]

It's really easy to avoid scams. You just have to curb your greed

An extremely rare occasion is usually a scam, same as some really cheap deal of your life that someone is trying to persuade you to take.
Buy and sell from confirmed sources and keep coins offline, that's all there is to it.

Curbing you greed isnt hard its just a matter of control on how you do realize things up and if you do missed out that one or letting your greed overcome you then its over.

You should really be mindful on how reality works or on hows the real deal.If not then you would really experiencing lots of problems in near future.

Be aware and sensible and use up your common sense because if not then you would lose up big time. Its good to see gains but dont be on a hurry.

[acener]

The first thing that came to my mind when I read the title was XRP,
Everyone was so excited and pumped about XRP last year before the snapshot,
It gain so much attention and been hype then after the price gets high the fall begun and so many negative news came up.
So yes we should be excited about the rise but be wary about the scam and loss.

[dimonstration]

The first thing that came to my mind when I read the title was XRP,
Everyone was so excited and pumped about XRP last year before the snapshot,
It gain so much attention and been hype then after the price gets high the fall begun and so many negative news came up.
So yes we should be excited about the rise but be wary about the scam and loss.

XRP brings me before good profit in trading but we must know when to stop acquiring altcoins by knowing the technical but as well the news that are related to them, we must know until when we were able to earn from it and decide to stop loss once price starts to dump especially with some news related to why the price is declining. Always be attentive in what we invest with put time and effort as much as possible to know the updates, I already learn my lesson from ICO or altcoins that does not have any value now after the 2017 ATH.

[allthebitandbobs]

What scams going around this time? Ico are Dead And defi hype is over with the number of scams.What the new  kid on the block for the scammers

[gabbie2010]

It's really easy to avoid scams. You just have to curb your greed

An extremely rare occasion is usually a scam, same as some really cheap deal of your life that someone is trying to persuade you to take.
Buy and sell from confirmed sources and keep coins offline, that's all there is to it.

The spirit of greediness is much in newbies who sees cryptos as means of becoming rich after being tricked with fake and massive profits made in fictitious investment.
I quite agreed that this very common whenever there is a bullish runs in cryptos markets because attractive to newbies.
Making a research to know the confirmed source of buying coin and trusted wallets is equally important too to avoid falling into a wrong hand.

[kentrolla]

It's really easy to avoid scams. You just have to curb your greed

An extremely rare occasion is usually a scam, same as some really cheap deal of your life that someone is trying to persuade you to take.
Buy and sell from confirmed sources and keep coins offline, that's all there is to it.

The spirit of greediness is much in newbies who sees cryptos as means of becoming rich after being tricked with fake and massive profits made in fictitious investment.
I quite agreed that this very common whenever there is a bullish runs in cryptos markets because attractive to newbies.
Making a research to know the confirmed source of buying coin and trusted wallets is equally important too to avoid falling into a wrong hand.

You are right, you can even see many threads created by newbies in this forum itself like which time to invest in BTC and few more. This means they are not even aware of market strategy, Even if we Google it we will get the result like buy low and sell high. Why aren't they follow this is my biggest worry. If the price starts falling for sometime they will sell it right away this is purely called panic sell, only research and analysing would help such people from this until that stay calm.

[sapnu]

It is not only applicable for times like this where bitcoin's value is currently at its highest. Each time you make an investment on a certain cryptocurrency, you need to make sure you are fully aware of the price changes. You need also to make sure that the transaction you are involved with is not a scam. Always analyze and calculate your possible gain or loss so that you will know what's the best thing to do with your investment and always make sure you are knowledgeable enough before risking on anything here in the crypto world.

[Question123]

The cases the of people who will get scam by the scammers price is very high and the scammers will do their best to stole people's money.

Excitement is really normal because we are exciting the profit their get when the bitcoin is rising.

Scammer are always there they watching who is their next victim so keep safe your bitcoin from them.

[irixo10]

Bitcoin price increase has quite attracted a lot of attention and this attention grew massive when it crossed its ATH and now it is getting more interesting because it looks like it is heading to $40k. But most importantly, just like you rightly said, this is also the time to be sensitive because scammers won't fail to use every possible means to get their victims. Also, it is very important as well that newbies or those we invite into the crypto space to understand that, there is a phase called the bear market where every where turns red, but however in the midst of this, patience is also required and very much needed as the long term holders of Bitcoin are always the ones to enjoy the bull run. Lastly, understanding the crypto space, the risks etc, is the best way to start for any newbie.

[shoreno]

What scams going around this time? Ico are Dead And defi hype is over with the number of scams.What the new  kid on the block for the scammers

hype of defi might be over but there are still few defi being released and active but this isnt all about defi or ico because scams can happen in so many ways . there is that guy that will sell a gambling script , there is that guy that will attract people to invest on their ponzi schemes and so on  .

thinking all of them is verry stressful , we need to be happy and excited sometimes to forgot those stress that builds up . seeing a price rise and pump can be our own little way to feel positive

[lovesmayfamilis]

Against the background of today's news about the growth of bitcoins, there are also more and more such news, talking about all sorts of scammers. Human nature is such that many believe something that is repeated many times. The Internet is full of advertisements that promise huge profits if you invest your money in a project, and in a few days, it will return the entire amount invested, even with interest.
The higher the popularity of Bitcoin and other cryptocurrencies, the more such scammers will be.
Some countries ban bitcoin because it cannot be regulated and the population is at risk of fraud and loss of their property.
Instead of prohibitions, it would be time to decide to educate the population on the rules of Internet security and literacy concerning cryptocurrencies. Otherwise, it is impossible to stop any scammers with their schemes. And also not stop the development and popularization of bitcoin.

[semobo]

Scammers are more active at the time of peak prices so even an experienced crypto user should be very keen with their every actions related to cryptocurrencies. Media doesn't portray cryptos as too bad if we compare to the 2017 scenario which makes people to think that they also should invest in cryptocurrency but newbies don't have knowledge about buying and selling that is where they get scammed mostly.

If they use correct keywords in google then they may get into bitcointalk for further discussion so hopefully many will enter here and get the actual information.