Crypto Scams in Each Market Condition?

[Bushdark]

There are so many types of cryptocurrency scam and we need to be aware of them if not we could be a victim of it.
It is good when we ask questions about some certain investments so that we don't because a victim of cryptocurrency scams that would take all our hard earned money. There are so many good projects we can invest in make money for ourselves if we know what we are doing avoiding unnecessary problems we might incurred in the future.

[EL MOHA]

There are so many types of cryptocurrency scam and we need to be aware of them if not we could be a victim of it.
It is good when we ask questions about some certain investments so that we don't because a victim of cryptocurrency scams that would take all our hard earned money. There are so many good projects we can invest in make money for ourselves if we know what we are doing avoiding unnecessary problems we might incurred in the future.

You are right there are many scams circulating round the cryptocurrency space but it is not even necessary to have to know them all because it will be a waste of time as scammers are deploying new ways everyday. Look at phishing scam through wallet connect, it is a very old trick since the existence of this space and yet people still fall victims of it. This is not gullible people but rather people with knowledge. The reason why scammers will always get victims is because people are either careless on little things Like the security of their wallet or the greediness of people.

Conquering those two things will be the part way to not getting scammed. This two things will teach you that only scammers will come to your DM to tell you about investment opportunities because I don’t think humans love each other to that extent to just DM them about opportunities

[AakZaki]

There are so many types of cryptocurrency scam and we need to be aware of them if not we could be a victim of it.
It is good when we ask questions about some certain investments so that we don't because a victim of cryptocurrency scams that would take all our hard earned money. There are so many good projects we can invest in make money for ourselves if we know what we are doing avoiding unnecessary problems we might incurred in the future.

Analyze and learn how crypto works, that way we will know which projects are good and which projects will just be Rug projects. I pretty much follow projects from start to finish, lots of scam projects that offer unreasonable returns and unclear teams. Now there are more and more phishing and shitcoin projects which will only harm many people. every market condition or like now, more and more fraudulent projects are appearing, so you need to be careful and do detailed research.

[Davidvictorson]

...cut...

Ok, I get it now. There are no different types of scams in either the bull or bear market. Rather what we have is the increase in crypto scams. And these scams happens in the bull season just like we are in now . Therefore I should be expecting to see more of this scams from Telegram, Facebook, Instagram, YouTube because they capitalize on FOMO or other factors.

[Pokapoka124]

Statistically, there is usually a high percentage of people coming into the crypto market in the bull season. So we have newbies coming into the crypto world with little knowledge of how it works. And depending on where they choose to seek for help, they might fall victim to scams. Those who come to Bitcointalk are fortunate, others who find their way to crypto telegram groups and dm of Instagram traders will likely lose their money.

[Benedictare]

   Crypto scams are normal we can't do without them . Scammers are always around us in our daily activities and trying to avoid them in financial activities is what we can't stop or end.

   Crypto scams are very pleasing for thieves because of its digital currency mode since the consumers of the digital currency have small ideas on how it works and save their assets. Scammers are very smart and technical,when it's about making people fall for their scams like Business opportunities,fake jobs, impersonation scams , phishing scams, investment scams,Bitconnect scam,Bitclub Network scams e.t.c. In other to prevent yourself from these scammers,verify your contact information, Incase of investment don't rush to invest and use cold storage to store your assets.

[Hypnosis00]

Scammers are everywhere, they will come and be their victim if we remain ignorant and greedy. They don't set a date for them to come, it can be every day as they don't look for the day but instead, they look at someone who potentially becomes a victim. In fact, they don't tell us that they are scammers and sometimes have been clever with their actions showing they are not scammers. Because most of the time, people just know that they are scammers when someone has been scammed already. That is why we should know who to trust and whom we should keep a distance but there is one thing we should have to do in order to avoid them and that is not to easily trust strangers especially when talking about money.

[Cookdata]

I think that in the bear markets there will also be another kind of scam where scams try to take advantage of the fear and desperation some investors feel.  Due to the changing landscape of crypto scams between bull and bear cycles, what are some of the typical scams to watch out for in each market condition?

During the bear market, the market is usually illiquid, there is limited amount of money coming into the crypto market, so it's ways difficult for scammers to get money even with their new tricks to take people's money. Nobody find joy in seeing crash and crashed of the market, in this period new investors and noons do exit the market and since scammers always target inexperienced and naive people, they don't see money that much.

However, you see bull market? That's the time everyone becomes expert even when they know nothing, they get excited about the market and fail to follow up even the basic caution of the market and scammers been the smart individuals, they prey on this ignorance and steal from them. No matter what how woke crypto looks to many people and expose, there are still people that lose money to ordinary telegram groups like the one I just read the other time.

[Deborah DB]

Hello, I have a question for you that regards crypto scams. In the years since I started to invest in bitcoin, I have come to understand that there are different types of crypto scams and fraudulent activities depending on whether we are in a bull run or a bear market cycle. For example just as we are looking at reaching a new bitcoin ATH soon, I can imagine that certain opportunistic scams may become more prevalent as bad actors try to capitalize on the hype and mania. Also, I think that in the bear markets there will also be another kind of scam where scams try to take advantage of the fear and desperation some investors feel.  Due to the changing landscape of crypto scams between bull and bear cycles, what are some of the typical scams to watch out for in each market condition?

I was once a victim of crypto Scam and thanks to this post,I am getting more exposed on how to avoid been scam again..much appreciation sir.

[Belarge]

Statistically, there is usually a high percentage of people coming into the crypto market in the bull season. So we have newbies coming into the crypto world with little knowledge of how it works. And depending on where they choose to seek for help, they might fall victim to scams. Those who come to Bitcointalk are fortunate, others who find their way to crypto telegram groups and dm of Instagram traders will likely lose their money.

These media platforms are usually not scouting for legit news, atleast pleasant to the ears. Our money is safe and it can only be traceable when we released our discreet 12 phrases. Crypto is very important to everyone that has a basic knowledge of the new world, that means they're always doing the necessary actions to carry out tasks which might later become aides for everyone close by. There's existence of crypto scams and they're growing to become popular and most investors now have a clue about the projects.

[Alone055]

There's existence of crypto scams and they're growing to become popular and most investors now have a clue about the projects.

We shouldn't take scammers for granted thinking we know everything about them and all their scamming techniques because if we can learn about them and their ways of scamming people, they can learn about this fact and improve their ways as well. This is the reason why scammers are becoming smarter day by day, you won't see them repeating the same scams very often and there are some scams and exploits that would even deceive an experienced person with a very high IQ. So we need to be vigilant at all times and from every single thing.

Suppose you are talking specifically about cryptocurrency projects that try to scam people. In that case, that's easy and of course, someone with a little experience in the market can identify which projects are here to stay and which ones are just collecting donations from people for their lives and will eventually run away with them.

Whatever it is you are referring to, we should have self-awareness at all times to stay safe from scams and scammers.

[Uhwuchukwu53]

There are so many types of cryptocurrency scam and we need to be aware of them if not we could be a victim of it.
It is good when we ask questions about some certain investments so that we don't because a victim of cryptocurrency scams that would take all our hard earned money. There are so many good projects we can invest in make money for ourselves if we know what we are doing avoiding unnecessary problems we might incurred in the future.

Yes what you said is the way out, my people always say that he who ask questions hardly miss road or Fall into victim. Knowledge is power what you know it safeguard you of it danger because more cautious means would be applied.

The crypto market is made of many scam if one is not caution enough to avoid unknown project or investment that one is not sure if it scalability. All that glitters is not gold many has fall prey of scam due to ignorance, before taking some decisions mostly once it involves crypto investment knowledge should be put first knowing the pros and cons of the investment.

One should not be ignorant of quick to rich scam project is everywhere and their strategies should be know to avoid falling prey.

[Aanuoluwatofunmi]

There are so many types of cryptocurrency scam and we need to be aware of them if not we could be a victim of it.
It is good when we ask questions about some certain investments so that we don't because a victim of cryptocurrency scams that would take all our hard earned money. There are so many good projects we can invest in make money for ourselves if we know what we are doing avoiding unnecessary problems we might incurred in the future.

Each season comes by its own target on devising for new means they will use in making scam, that is why we need to be always informed not to be a victim of falling into any of their kinds, the more these scammers keep getting updates on their techniques, same is expected of us to ensure of taking measures by being aware of every of their device means they may have developed to attack, as information is key and we need to be updated to the ongoing trends that concerns the sure of our asset in cryptocurrency.