Crypto scams flourish most during bull runs.

[Victorik]

Scams will flourish regardless of the market sentiment, whether bearish or bullish. So, it will be wrong to conclude that scams flourish in a bullish season. Whether bear or bull, one has to be very careful not to fall for these scams. Double check your links and addresses and ensure that you don't interact with just any link you come across

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[Viscore]

Scams will flourish regardless of the market sentiment, whether bearish or bullish. So, it will be wrong to conclude that scams flourish in a bullish season. Whether bear or bull, one has to be very careful not to fall for these scams. Double check your links and addresses and ensure that you don't interact with just any link you come across

I do believe that scams may happen any time, but based on my personal experience in the market, when everything is bullish about the market, that’s where scammers mostly take advantage those innocent people most especially that they can be easily put into their traps since all they think about is to make immediate profits from the market, not knowing that the more they become greedy on their profit making, the more they become susceptible to fall on the scammers traps.

 Too good to be true offers become rampant and here comes the newbies who easily fall on any type of scam.

[jossiel]

Scams will flourish regardless of the market sentiment, whether bearish or bullish. So, it will be wrong to conclude that scams flourish in a bullish season. Whether bear or bull, one has to be very careful not to fall for these scams. Double check your links and addresses and ensure that you don't interact with just any link you come across

I agree that any season of the market, scammers are always active. As long as there are people that they can scam, they will always there waiting to fetch some newbies.

no trader can guarantee you an unbelievable profit. They can't deliver those juicy offers they offer.

A scammer that disguises as a trader can promise you anything and that is for sure. It's sad that many newbies will fall for that scam whichever offers they show to them.

The thing is they're going to make people believe that they are real profitable traders and gullible people will believe them.

[Victorik]

Scams will flourish regardless of the market sentiment, whether bearish or bullish. So, it will be wrong to conclude that scams flourish in a bullish season. Whether bear or bull, one has to be very careful not to fall for these scams. Double check your links and addresses and ensure that you don't interact with just any link you come across

I do believe that scams may happen any time, but based on my personal experience in the market, when everything is bullish about the market, that’s where scammers mostly take advantage those innocent people most especially that they can be easily put into their traps since all they think about is to make immediate profits from the market, not knowing that the more they become greedy on their profit making, the more they become susceptible to fall on the scammers traps.

 Too good to be true offers become rampant and here comes the newbies who easily fall on any type of scam.

Yeah. I think I understand your point and line of thoughts. During bull, there are a lot of fomo and people tend to forget to do due diligence because they want to quickly ape into a trade without doing their own research and sometimes end up falling for a scam.

[Victorik]

Scams will flourish regardless of the market sentiment, whether bearish or bullish. So, it will be wrong to conclude that scams flourish in a bullish season. Whether bear or bull, one has to be very careful not to fall for these scams. Double check your links and addresses and ensure that you don't interact with just any link you come across

I agree that any season of the market, scammers are always active. As long as there are people that they can scam, they will always there waiting to fetch some newbies.

no trader can guarantee you an unbelievable profit. They can't deliver those juicy offers they offer.

A scammer that disguises as a trader can promise you anything and that is for sure. It's sad that many newbies will fall for that scam whichever offers they show to them.

The thing is they're going to make people believe that they are real profitable traders and gullible people will believe them.

Besides there are different forms of scams going on out there. And as such it doesn't care of whether it is a bullish or bearish market. However, for a bullish market, there is a different kind of scam, scammers know that people don't do diligence because of the urgency to fomo into a trade, one might end up buying a token that can't be sold. I have seen it happened

[Questat]

Well, I hope there is data that supports such a claim OP because based on my experience, scammers have never chosen the time when they create them as it appears almost every day. Maybe it comes up in your OP that it flourishes during the bull season and it is probably because during this time a lot of people enter the market and fall into scam projects and then make a report about it. It was just the number of no-how people got into the situation, not the number of scam projects created.
That is why we should carefully know the project that we are about to invest in and stop following influencers.

[Abdulzuruku01]

With the SEC's approval of Bitcoin spot ETF and with the next Bitcoin halving around the corner, we will most likely witness a bull run that has already begun.
According to research, crypto scams flourish during bull runs. This may because the increase in price makes it easy to convince people and greed and FOMO are also other factors that make people to be easily deceived.

It is always a good idea to conduct thorough research before making an investment, especially at this time when a bullrun market is about to occur and scammers will be working extremely hard to convince people with new fake projects because they know that investors are eager to make big profits this season.
I was recently introduced to a new coin on Telegram that I should invest in. I am sure it is a scam, but I just have to pretend. But what worries me is the number of people who are naive of cryptocurrency that may turn into their victim, that is why It is good for us to conduct research before making any investments.