Massive influx of scammers activity during the bull season.

[Jaycoinz]

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.

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[_act_]

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.

[adultcrypto]

Scammers uses the trend to get their victims.  I can remember when ponzi schemes was trending in my country, many scammers started building their own platform to scam people. Within the period it lasted, millions of people were scammed. Same thing happens in everything that is trending and that is how scammers operate.

The proliferation of cryptocurrency today is another scam being done by people using the trend of Bitcoin to create shitcoins for the purpose of scamming people.

[Jaycoinz]

Scammers uses the trend to get their victims.  I can remember when ponzi schemes was trending in my country, many scammers started building their own platform to scam people. Within the period it lasted, millions of people were scammed. Same thing happens in everything that is trending and that is how scammers operate.

The proliferation of cryptocurrency today is another scam being done by people using the trend of Bitcoin to create shitcoins for the purpose of scamming people.

Hmm, thats an interesting thought there because so many altcoins that tend to pop up during this period and many people who are not familiar with how the market works would just get involved in these coins and before you know these coins would just dump so  fast leaving these investors stranded and hopeless.

[Nwada001]

Every season gives scammers new opportunities to exploit the greedy.
 
Now bitcoin halving is just around the corner, so what scammers do is approach their victims with a promise and convince them that they can make a whole lot of money before this halving comes by investing their bitcoin with them or some sort of convincing story that will make them give their coin access to them in expectation of a high ROI.
 
The same thing happens in the bull run. They use the bull run trend to enter people who know little about investment and convince them how they can take advantage of the bull run and make a massive profit. If they can just take the risk and do this, then they will be able to make it out big and don't miss out on the bull run. Those who are greedy and want to double their holdings by all means will fall into this trap, and they will end up losing everything they are looking for.

[Adbitco]

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.

[Liliana1304]

For some reason, being hyper makes one slightly oblivious and to an extent greedy. This is the festive period and since there will much expenses people would be looking to add more to their income, so when things like this come up, they jump into it without making proper research. I watched on advert where an individual was paying money two times for a service simply because it was masquerades as another thing and this is the case of some victims who get scammed.

Just as you will not easily give up information about your bank details to an unknown number calling and claiming to be a manager from your bank, that's the same way you should not easily click on any link you know nothing about or send Bitcoin to an unknown address simply because they promised you 10x gain.

[vv181]

Most scam techniques are pretty much the same. They give you too good to be true promises, and they give you a sense of urgency or fear. Moreover, they will pose or impersonate authority. Currently, there are not any novel schemes, they mostly use social engineering to execute the scam. The exception is scams that incorporate technical parts, in this case, simply sticking with cryptocurrency or tools that have been long-standing and battle-tested is a good way to go, instead of chasing some obscure coin or tokens.

The problem is, if the bull run comes, there will be an influx of newcomers who haven't been aware or exposed to such conditions, so they are the most prone people when the time has come.

[Mpamaegbu]

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.

It's a circle that repeats itself every bull season. We know scammers are all for the money, this money rain becomes obvious during bull rally. That's when most people become excited and then lose guard. It's a favourable time for scammers to hit their preys. Of course, we know how angered and frustrated many investors tend to be during a crash and they're not likely to be interested in any further talks. During bull rally, investors are willing to invest further.

To checkmate scammers and hackers during bull season, people should be weary clicking on random links. Links could be malware carriers. Again, we should be careful with our passwords and passphrases. On no account should anyone screenshot them. It's better to write them out on a piece of paper or on a notebook. Do this and you're further away from getting scammed or hacked. Lastly, don't patronise any business that sounds too good to be true. They often end as scams.

[Samlucky O]

Every opportunity to make money, is also an opportunity for scammers to make money. Scammers are very smart in time of leauring you to fall a victim. People tend to always fall victim out of greed. Sometimes scammers uses airdrop to scam people. I could remember last year when there were tones of airdrop of some token which were metawar.terk,Bull and many others. These airdrop where claimed freely, but just a little amount of about 5000coin for each persons. and it worth about $300 and they fixed a date to unlock these airdrop. and people used there BNB to claim a huge amount of it. some were able to buy $2000k worth of it, while some bought a little amount of about $400, expecting to make a huge sum of money. But never knew it was a honey pot. Not until the day of unlocking the airdrop. Guest what? they were still told to pay ustd to unlock it. Isn't that a very big scam? I claimed the airdrop free, but never invested on it. if not I would have been a victim. So we all just need to be extra careful on scam altcoin promoting sites.

[target]

Old scam still works during bull season because the new comers are unaware of those scams. Even the doubler scam sipeemmto make money still in the bull market.

But most of the scam that gets more money and scammers get away are those who are doing ICOs still. In th bear market the users who are making money seem to be looking for more project to invest in. Its unfortunate that they picked the scams.

[Mr.suevie]

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.

It would be odd to say that scammers are the most updated set of people but if you look at it from one angle it's actually the truth because they never relent on different technology and always stay updated in every single opportunity available for them. The most affected person are the ones which their greed actually control them or the ones that are always ignorant of the advices that are given to them as humans don't take or rely on anyone's advice especially when it sometime that has to with financial advice.

[kryptqnick]

To be honest, I think scammers are pretty active all the time, but people are dealing with funds more during the bull market, so maybe that makes this period more important.
If it's too good to be true, stay away.
If you need to send money to get money, it's a scam.
Double-check websites before entering passwords, same with addresses before sending BTC.

[ajiz138]

When the bullrun season comes, many scammers appear with various ways to deceive their victims at the same time many beginners come hoping to get bigger profits, so this is a gap for scammers to prey on their victims in various ways including:

Ponzi schemes with 100% returns without doing anything but beginners don't know anything so they often fall into this trap even though this is an old trick but there are still many people fooled here.
Spreading fake websites in the hope that the scammer will get the seed phrases that are entered on the site he created, these are victims who do not know anything and we often see many sites like this.
Then with giveaways, usually this is a lot for altcoin projects, and connecting their wallets to these fake giveaway sites, often on X.com many promote this kind of giveaway.

Anyway, you have to be careful when bullrun has entered it, you have to know if there is a promising offer then it should be suspicious.

[Beparanf]

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.

Most of the time. People in crypto lose their money not on scam activity but rather on poor choice of investment. They intentionally choose a risky investment that’s why they ended up losing money and feeling scam but in reality they knew the risk involved but still enter due to the promise of huge return.

Honeypot and other type of rugpull is the most common reason on why people keeps losing money even on bullrun because they are chasing more gains that is higher on Bitcoin gain since they are left behind.

[fuguebtc]

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.

i think there is no other reason than we become too greedy during the bull season . If we don't want to be scammed, we just need to do one simple thing, restrain greed, stay away from new projects , stay away from projects that promise to bring x100, x1000 quickly. Just do this and focus only on bitcoin, I bet you you will never get scammed. But if you are still greedy and still want to make money from altcoins , you should not blame any project because it is your greed that is causing it, not someone else's.

[Jawhead999]

You just need to avoid everything that related to free money e.g. giveaway, airdrop, bounty etc, learn lowkey life and privacy, I believe it will decrease a lot chance you would be targeted by someone. But the reality it's hard because many people obsessed with free money, flexing and don't care with privacy, after all life is a choice.

Address poisoning, this was popular when the last bull run, never claim/add any unknown token or coin that send into your wallet.

[shield132]

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.

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!

[Jaycoinz]

You just need to avoid everything that related to free money e.g. giveaway, airdrop, bounty etc, learn lowkey life and privacy, I believe it will decrease a lot chance you would be targeted by someone. But the reality it's hard because many people obsessed with free money, flexing and don't care with privacy, after all life is a choice.

Address poisoning, this was popular when the last bull run, never claim/add any unknown token or coin that send into your wallet.

That's basically the weak point of every human (greed) many people out there have failed to succum to things they know fully well that's is dangerous but due to the fact there is a slight chance if them making profits of it, they don't bother at all and go all in and take the risk of investing.

It is believe that taking risk sometimes is good but some of the risk that we get ourselves in are just not worth and most of the times we fail to analyze it because we have been shielded by our greed.

[tranthidung]

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.

They lost big because of many reasons but some biggest factors are

• They joined the market when the bull run is nearly over. So they bought at top and consequently panic sold at lower prices or bottom prices.
• They did not take profit and get their initial capital back to be safe. They won big, spent more money with hope to win bigger, at the end, lost big.

It's not only because they spent money into scam projects but even projects did not die in a bear market, they will lose like 90% or more from their portfolio all time high because most of altcoins usually have 90+% loss in a bear market.