Massive influx of scammers activity during the bull season.

[HONDACD125]

Some people lose during bull market because they invest when bubble is about to explode. These people watch how bitcoin rises, then they think that it's temporary and it's going to fall, then they see it's not going to fall and start panicking, blaming themselves for not investing, then price rises again and they start panicking, then bubble is going to explode and these people finally decide to invest in bitcoin to not miss the profit but since they invest during the time when bubble is going to explode, this is what happens: They invest, bubble explodes and these people start losing instead of profit. Then these people hold tight because they were taught that they should hold long-term to profit but price is falling fast, they still hold it but when they see that price went super down, they can't hold anymore and they sell what they bought when bitcoin's price was at ATH. Then, they discover that some days later bitcoin starts recovering and price is slowly increasing, it's not going to reach ATH but it's increasing and price is getting higher than they sold.
Please carefully read what I wrote. This is the analyses of my personal spectation on people since 2016. Never make a mistake like this!

People who invest in Bitcoin during bull season surely know nothing about cryptocurrency market and Bitcoin. Otherwise people who know the cryptocurrency market never invest in bull season but always wait for bear season. If someone invests at the wrong time, how can they blame Bull Season or the cryptocurrency market or anyone else?

The whole point and gist of your post is that it can be people who have no experience. I think there may be another reason for this, that when some people get good returns, they try to reinvest in the lure of more profits, and in the same attempt they may take losses, because people always suffer in two places, either because of lack of experience or because of excessive greed.
​

[1715256326]

1715256326

[1715256326]

1715256326

[avikz]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

There are some very simple ways to avoid scammers in the crypto market. Let me point this out for you.

1. Do not give away your private keys or seed phrases to anyone
2. Greed is one primary reason for losing money. If you hear some investment will give you astronomical returns, it is wise to stay out of that.
3. Don't trust anyone when it comes to your crypto holding. Do not connect your wallets to any random websites
4. Do not use your primary wallet to do small transactions. Always keep your main holding separate.
5. Use licenced softwares and anti-virus programs and keep them up to date.

Hopefully these tips will help you.

[Z-tight]

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

You can lose your coins in any period because scammers are always ready to find any available victims, so your funds should always be secured, and the process of securing it is the same. Store it offline by buying a hardware wallet or creating an airgapped wallet, separate your funds you want to hold for the long term and that for spending on the go, the latter should be the one in an online wallet.

Add extra layers of security like setting up a multisig wallet or adding a passphrase to your seed phrase, all of these + common sense and good opsec should protect you from attackers.

[BABY SHOES]

Scams will always exist... Even during bearish market conditions, we often find many types of scams from various fake projects that think they are legitimate projects, but the reality is that many are still roaming around that we find on the internet.

What must be considered is to stay alert and don't take too much action if you haven't done your research first.

Currently the trend is ponzi scheme in my country some people have entered into the aisle of fraudsters but somehow they are promised sweetly too complacent, even though what they think is wrong of course do not know how to work to get profits in their own way not with ponzi scheme.

That is a classic scam that may have existed a few years ago, but in the crypto world there are more types of scams that we know of now including ponzi schemes, fake giveaways, fake websites with stolen seed phrases and other kinds.

We need to realize, never be tempted by unreasonable profits.

[irsykes]

Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.

most of the main sources sometimes from this site start out as thieves of our personal wallets, bull season really has to be careful for those who can't differentiate between official sites or scams, this is a danger for beginners. even cakes dare to steal even though cakes are already famous. For me, if I get an airdrop tokenI transfer it to another wallet with a different gadget

[Cookdata]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

Where this discussion centered on bitcoin or they are just the casual shitcoin losses and scammers? Bitcoin is currently around $36k and let's say you bought bitcoin around $59k, the current price should be above -45% losses but I believe only few bought at that price because it didn't even last upto a month before that price crash downward.

The only way I think people might lose from bitcoin is through scam. Security come before anything in crypto, you have to value your seed phrase and private more than even the bitcoin you have because once the seed phrase is gone. Even the wallet to spend that bitcoin will be difficult. In addition, make sure it's protected from online platform, not even on online wallet like software wallets.

As for the other ways to loss money from crypto, avoiding shitcoins by all means, it's makes you stay hydrated all the time and immune to any bullshit scammers.

[Cryptomultiplier]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

Where this discussion centered on bitcoin or they are just the casual shitcoin losses and scammers? Bitcoin is currently around $36k and let's say you bought bitcoin around $59k, the current price should be above -45% losses but I believe only few bought at that price because it didn't even last upto a month before that price crash downward.

The only way I think people might lose from bitcoin is through scam. Security come before anything in crypto, you have to value your seed phrase and private more than even the bitcoin you have because once the seed phrase is gone. Even the wallet to spend that bitcoin will be difficult. In addition, make sure it's protected from online platform, not even on online wallet like software wallets.

As for the other ways to loss money from crypto, avoiding shitcoins by all means, it's makes you stay hydrated all the time and immune to any bullshit scammers.

I agree that security should be of uttermost concern mostly as regards the scare of scammers getting ahold of our seed phrases.
The need to install an anti-virus and malware detector to avoid falling prey to scammers is now the real deal also enabling authentication authenticators, because as long as the Blockchain and decentralized network is concerned, scammers and hackers and money laundering will be a prey and that's why there's always upgrade and better initiatives to ensure better security of assets and investment.

[AmoreJaz]

Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.

most of the main sources sometimes from this site start out as thieves of our personal wallets, bull season really has to be careful for those who can't differentiate between official sites or scams, this is a danger for beginners. even cakes dare to steal even though cakes are already famous. For me, if I get an airdrop tokenI transfer it to another wallet with a different gadget

phishing sites are the most common bait of these scammers to naive users. this is why it is always important to check the legitimacy of the site before you enter anything vital information to them.
even top searches will give you some fraudulent sites because i believe they are also paying some ads. and sometimes google can't track all these scam sites. what you can do if you encounter a scam or suspicious website, you can always report it to google via https://safebrowsing.google.com/safebrowsing/report_phish/?hl=en. at least, give a heads up that the site may be running a scam.

[CODE200]

Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.

Thing is, most scammers operate in the form of rugpulls during bull season. Small-time hackers and scammers get nothing during these periods because all of the money's getting soaked in the rugpuller's pants. And while I support everything that you say, it doesn't really fall in line with what the industry needs during these particular periods. In any case, here's what I have to offer:

Inform the hell out of yourself about what common denominators these scammers and rugpull projects have, analyse and look for these patterns in every project that you will trust and put your money in. Thing is, no matter how great a scheme or a rugpull project is, they're bound to make these very simple mistakes that would fly off the regular person's radar, but would light off every alarm in yours. Learn all about these, and make sure you look for them religiously.

[Dr.Bitcoin_Strange]

There are many ways that those scammers and hackers get to attack Bitcoiners, and sometimes they can get successful. For example, you could receive mail from some platforms that will ask you to claim your reward for winning some Bitcoin or other altcoins. If you are not aware of this kind of scam, you can mistakenly click on those phishing hyperlinks that they include in the mail, and some of those links contain malware and corrupt files that they can use to access your device. Sometimes you might not really know that you have given them access to your device until the day you lose your asset. There are other ways they can use to scam victims too, like asking people to invest and earn a huge profit.

[lovesmayfamilis]

There is too much noise affecting people's minds, creating a rush to invest anywhere sooner. People present on the forum are unlikely to make mistakes with investments since the truth is repeated many times: there is nothing free on the Internet. But fans of social networks are future victims, greedily hunting for “gifts” either from the public or now from the impending halving, which will certainly be presented in the news as the coming of the time when you need to prepare for riches. And scammers, who are still very inventive, will show everyone the high art of deception.

[irsykes]

Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.

most of the main sources sometimes from this site start out as thieves of our personal wallets, bull season really has to be careful for those who can't differentiate between official sites or scams, this is a danger for beginners. even cakes dare to steal even though cakes are already famous. For me, if I get an airdrop tokenI transfer it to another wallet with a different gadget

phishing sites are the most common bait of these scammers to naive users. this is why it is always important to check the legitimacy of the site before you enter anything vital information to them.
even top searches will give you some fraudulent sites because i believe they are also paying some ads. and sometimes google can't track all these scam sites. what you can do if you encounter a scam or suspicious website, you can always report it to google via https://safebrowsing.google.com/safebrowsing/report_phish/?hl=en. at least, give a heads up that the site may be running a scam.

Thank you for providing web information, in general this often happens when, for example, getting an airdrop or NFT. this could be theft of our wallet later, just be careful if the bull season comes scammers always create airdrop concept websites to steal wallets and various things such as coin dusting or airdrop jobs

[Porfirii]

There is too much noise affecting people's minds, creating a rush to invest anywhere sooner. People present on the forum are unlikely to make mistakes with investments since the truth is repeated many times: there is nothing free on the Internet. But fans of social networks are future victims, greedily hunting for “gifts” either from the public or now from the impending halving, which will certainly be presented in the news as the coming of the time when you need to prepare for riches. And scammers, who are still very inventive, will show everyone the high art of deception.

I agree with you that the members of this forum are a bit better prepared against scam attempts, but anyone can fall into these traps, and thinking that it would be hard for anyone to fall is the first step towards this end.

Especially in times like this one. Bull runs are the moment where scammers can get the best results from their dubious practices, not only because of these special feelings (FOMO, rush to invest, hype) but because it is the time when most people decide to take action, and once the decision is made, it is easier for scammers to manipulate them on how that action should be materialized.

[Zlantann]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

If you are not familiar with trading altcoins the bull run is the wrong time to dabble into them. This is because there is a high increase in scam tokens this season. Bitcoin should be the best option for inexperienced traders. The only challenge will be how to keep your coin and it can be easily learned. Experienced traders should always do comprehensive research on any crypto project before investing. 

One thing you must know is that you don't have to get carried by the bull maybe investing in new coin because that's where people do lost money, if they get scammed is when they are too desperate to make gain, they won't mind that scammer can launch a fake project and hyped it on twitter x after their promises you would think is going to be the way they promised without knowing that they are trying to lure you into investing in their projects/shitcoin. Again do not hunter for airdrop excessively no matter how much they promised for the airdrop avoid it otherwise you could get trapped.

Social media is the harvest field of these scammers, hence we should be careful. Many projects will be cloned or faked on some of these social media platforms. Confirming from the verified website or other media platforms will help to reduce scams because scammers can redirect their prey to a fake website via social media.

[Doan9269]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

People made alot of mistakes during the bull season all because they think that such period os the only avenue for them to take advantage on the hype on most altcoins to invest in them, but things don't really work like that in most cases, those that do benefitted from bullrun are the earliest investors who had already invested during the bear market when the price was still dip, hodl and make profits during the bull season, now the market price is already high at bullrun.

If a newbie should buy at he rate then they must be willing to have enough patience to hold because the market was already high and next after that my comes in the bear market andthey begin to loose interest because they expect the market to keep going high but instead it's coming down, if you're investing, buy the dip ad hold, don't buy when the market pumps, except you're more ready to hold the more.

[lionheart78]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

Scammers are always active may it be bull season or bear season.  Scammers don't sleep and are always looking for opportunities to scam people.  It is that scammers get more victim during the Bitcoin market bull period because there are more people getting active at that time and there are also newcomers that are somehow not familiar with how the Bitcoin Industry work so it seems that scammers look more active during the bull period because scammers tend to scam more people during this period.

Regardless of the season, may it be the bullish or bearish market, we must always stay vigilant and be on the look and avoid scammers.

[DaNNy001]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

Scammers are always active may it be bull season or bear season.  Scammers don't sleep and are always looking for opportunities to scam people.  It is that scammers get more victim during the Bitcoin market bull period because there are more people getting active at that time and there are also newcomers that are somehow not familiar with how the Bitcoin Industry work so it seems that scammers look more active during the bull period because scammers tend to scam more people during this period.

Regardless of the season, may it be the bullish or bearish market, we must always stay vigilant and be on the look and avoid scammers.

Yeah that's true, sometimes it even safe to say that scammers are more active and vigilant that your every day normal crypto enthusiast base on the update levels, every seasonal market open and creates opportunity for more naive and less focus persons to be scammed and most person just don't when something that is presented is too good to be true. Scammers are proactive and don't relent as they feed on the greed and sometimes ignorance of the public so inorder for you to stop this, you first need to be a scammer yourself but in the aspect of always staying updated so you can identify some simple avoided techniques used to get their victims.

[SatoPrincess]

For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many  factors that posses these results of losses.

It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.

Scammers make it their job to steal others people money. I imagine they spend most of their time thinking of different ways to do that effectively. There is a lot of FOMO during bull seasons, people become suddenly interested in bitcoin because of the profits they hope to gain. This opens a window for scammers to launch their scams, it could be pump & dumb coins, high yield investments or good old fashioned “send x amount of bitcoins to this wallet and I will send double” scam.

People need to learn to be less trusting and more conscious of investments they make. 

[johnsaributua]

Bitcoin is a technology that provides convenience, wrapped in a crime that is so easy by dishonest people, that almost every month there is news about crime, maybe because of some web lines to claim certain prizes that turn out to be phishing, choosing any wallet if you don't prioritize carefully in interacting will bring disaster, with phising fee is low and potentially certain oracles will get thousands of percent profit, if you can limit yourself or separate the wallet between the tesnet and mainnet I think the potential loss is less and the wallet will last longer from fraudster attacks, the rest is greed without basing the work process and not recognizing ponzi, my principle is that instead of depositing to get a reward it is better to save bitcoin until the bullish period can multiply in the wallet by itself, and saving in your own wallet is the best solution.

[Alpha Marine]

I read this article by Chainalysis a while ago, It made me realize that scam activities are relatively less during a bear market because users are generally more pessimistic and unlikely to believe the guarantees and promises of a scammer about higher returns since prices are declining.

If this is the case in a bear market, it should be the opposite in a bull run. People are more trusting and optimistic about making a profit. They are ready and willing to listen to juicy offers because they can see that there's money to be made. This usually leads people into the wrong hands.