Do the needful this period and save yourself stress and heartbreak

[lovesmayfamilis]

A bull market is a time when scammers catch greedy investors. The rule or bait “Buy now, otherwise you will be late” works for scammers. The deadline is set very short so that the person does not have the opportunity to soberly evaluate either the project or the proposed deal that promises large interest rates. Therefore, now is precisely the time when decisions to do something with your finances should, on the contrary, be checked very slowly and carefully. Don't chase high percentages; ask yourself why anyone would give away something that brings good profit to the owner. And would you do the same?

[1714649073]

1714649073

[Marykeller]

Because of the anticipated bull run in the crypto market, this is actually not the time for someone to let their guard down. Making them completely forget that this is the time of day when scammers work the hardest, presenting appealing offers and questionable projects in an attempt to scam victims of their hard-earned money.

Rather than expecting all projects to succeed during the boom, which they won't, it will be better for us to be wise and vigilant when choosing the kind of project we want to invest in. ​Some will even turn out to be frauds. Investing in bitcoin is a safer option than choosing an altcoin, its owners of which you are unsure of or whose purpose in the crypto market they intend to cover up as being legit.

[m2017]

And this period comes with alot of significance because a whole load of shit normally happen during this period like

• crazy scam altcoins projects
• exchanges bringing up stories about being hacked

• hackers striving to get to as many victims as they can
• scam traders flaunting their progress to lure novice into trading of their coins

There is no way to avoid this. All of the above will find its “client” to one degree or another.

All these and many more happen during this period so it would be nice for every newbie and know what to do to avoid such stories especially for the aspect of saving or keeping your coins on exchanges.

Beginners are doomed to get into similar “stories” and this can be considered a “baptism of fire” or “initiation” into the world of cryptocurrencies. This is an invaluable experience that will be remembered for a lifetime.

Beginners, due to the specific nature of their inexperience, can't know enough to know the location of all the “shit pits” in this cryptoindustry.

Let's all stay smart out there and avoid getting entangled in any scam event and be always be on guard that these are trial time for those that refuse to learn and heed to advice.

It is impossible for everyone to remain smart when there is hype in the cryptomarket and greed overshadows reason. What is important here is not so much knowledge and awareness about the types of dangers associated with cryptocurrencies, but rather the ability to manage your emotions. Because emotions (most often greed) are the bait on the hook of scammers.

[Makus]

Op you have spoken well. The case of scammers and hackers trying to break through the process, is growing everyday, and they are trying as much as possible to learn and equip themselves with enough information for them to become successful with their hacks and scams. The only way we are keeping ourselves immune from this hackers is when we also study more and keep ourselves updated. learn to keep your coins in a non custodial wallet rather than using an exchange because exchanges are the primary targets of hackers.

[Miles2006]

I believe this is the major reason why people don't invest in bitcoin. Even with all the fear and scam people can still invest and remain safe from scammers, hearing stories like this with new altcoin projects, FOMO etc I think victims should be blamed, why thinking of new projects always and surprising this is the time most investors engage in newly project, I see alot of newly projects pumping in luring investors to buy all in the name of the bull market.

All these and many more happen during this period so it would be nice for every newbie and know what to do to avoid such stories especially for the aspect of saving or keeping your coins on exchanges.

Beginners are doomed to get into similar “stories” and this can be considered a “baptism of fire” or “initiation” into the world of cryptocurrencies. This is an invaluable experience that will be remembered for a lifetime.

Beginners, due to the specific nature of their inexperience, can't know enough to know the location of all the “shit pits” in this cryptoindustry.

Exactly, every investor will have different experience to share when talking about their bitcoin journey, such experience is just a wake up call to be strong and smart when dealing with cryptocurrencies. The word initiation is just too perfect and it seems there's no going back but instead learning from previous mistakes makes an investor intelligent.

[Mate2237]

Op really the time has come again for them to do their evil things again and their targeted audience are from the social media platforms and the father social for their target audience are telegram and Facebook. I add a very serious quarrel with some them few days back and because that they refused to tag me again when posting on Facebook. One of them was selling a Toyota Corolla and asked me to pay with bitcoin and I told him that he is a scammer and he blocked me in sharp (immediately).

Op this is a very good warning for all of us. This the time for the scammers to make money from the novice. Don't be novice and always know the real dealers from the fake ones.

[Hyphen(-)]

This thread is indeed an important thread to remind us some important precautions we need to take to Avalon been scammed or fall victim of losing money in the market due to ignorance or lack of knowledge and orientation.

• crazy scam altcoins projects
• exchanges bringing up stories about being hacked

• hackers striving to get to as many victims as they can
• scam traders flaunting their progress to lure novice into trading of their coins

These above listed components are indeed something has been happening in the past, and it will keep happening because we are having new people coming to crypto space, these commonly happens to beginners especially the newly scam altcoins projects because all newbies that join the crypto community are for quick mone; therefore, we need to be very cautious and avoid been greed.

[Ndabagi01]

Let's all stay smart out there and avoid getting entangled in any scam event and be always be on guard that these are trial time for those that refuse to learn and heed to advice.

There is always a time like this in the crypto space, and those who ignore advice are usually caught in the cycle of regretting their actions after being duped out of their money. One thing I've noticed that newbies don't understand right away is that cryptocurrency isn't a place to make quick money, but rather to learn how to invest before reaping the benefits. It's not a quick money scheme. This mindset causes them to fall for cheap projects with enticing offers in order to trick their victims into believing them. If you're a newbie with this kind of mindset, you have to be more careful because they know how to get you to fall for their traps.

[freedomgo]

A bull market is a time when scammers catch greedy investors. The rule or bait “Buy now, otherwise you will be late” works for scammers. The deadline is set very short so that the person does not have the opportunity to soberly evaluate either the project or the proposed deal that promises large interest rates. Therefore, now is precisely the time when decisions to do something with your finances should, on the contrary, be checked very slowly and carefully. Don't chase high percentages; ask yourself why anyone would give away something that brings good profit to the owner. And would you do the same?

Greed is what makes every scam a possibility. That’s why a lot of scammers are hunting mostly newbies because for certain reason, newbies find it hard to resist their greed. However, not all newbies can easily fall as victims to scammers, because apparently, some newbies these days are smart enough to prevent theirselves from being scammed in all means.

But with this bullish season, scamming becomes rampant again. This is the best time not just to maximize our investment portfolio, but to focus more on bitcoin and avoid risky altcoins, that is the safest way to stay off scams.  And as much as possible, control one’s greed as it could only lead to huge losses at the end of the day.

[Outhue]

note: just a quick reminder

The bull market is here once more and we can definitely see the effect it has on folks that HODL and others that are weary in a haste to sell off their coins due to FOMO and also others that were doubtful are still going crazy looking for huge funds to invest in Bitcoin for particularly the same reasons.

And this period comes with alot of significance because a whole load of shit normally happen during this period like

• crazy scam altcoins projects
• exchanges bringing up stories about being hacked

• hackers striving to get to as many victims as they can
• scam traders flaunting their progress to lure novice into trading of their coins

All these and many more happen during this period so it would be nice for every newbie and know what to do to avoid such stories especially for the aspect of saving or keeping your coins on exchanges.

Let's all stay smart out there and avoid getting entangled in any scam event and be always be on guard that these are trial time for those that refuse to learn and heed to advice.

In the past years in crypto space, I have heard about stories of inside jobs on crypto exchanges where they lied that they got hacked but it's all a big cinema to them, they plan the whole thing themselves, to either avoid bankruptcy or they just want to steal money from their customers.

Though there is no genuine evidence that this is really happening but they way it happened just make it look so, it's good advice when beginners are warned to never leave their digital assets on any crypto exchanges, you will never know when something bad will happen to any centralized exchange.

Also, greed has a lot of contributions to every scams, if you listen to strangers in the crypto space, you probably think that they have something to offer too, if you see tokens you don't buy in your crypto wallet, it's greed that makes you want to claim it, everything is connected to greed.

[albon]

And this period comes with alot of significance because a whole load of shit normally happen during this period like [...]

All these and many more happen during this period so it would be nice for every newbie and know what to do to avoid such stories especially for the aspect of saving or keeping your coins on exchanges.

With the tips and guidance that we do our best to provide to beginners and by highlighting the huge risks and losses they will be exposed to, this will undoubtedly benefit the largest group of them and make them wary of falling prey to these bloodsucking scammers. These scammers know exactly what they are doing and who they are targeting. Therefore, those with good experience and who follow the advice and the security guidelines that make their crypto safe are the ones who will survive during this period in which the cryptocurrency market is flourishing, and fraud is widespread.

Those who invest in new altcoin projects almost and follow the recommendations of analysts without doing their own research, or those who use unknown exchange platforms and hold their coins on any CEX or use platforms that promise a high APY, or whoever participates in airdrops with their primary wallets will certainly not be on the safe side. Therefore, any investor or trader must be careful about his holdings and the security of his devices and wallets, as one mistake he may commit may expose him to regret for the rest of his life.

[EL MOHA]

• scam traders flaunting their progress to lure novice into trading of their coins

This is one of the most common scam going round at all he moment, during every bull run almost everyone is an expert in crypto or a great analyst. Many scammers create signal groups on social media and post some set of Altcoins that would pump and since it’s bull run this potential victims see the result and continue following the scammers until they develop there own scam token and advice their followers to put their funds on it and then they rug pull. This is very common and this is an old scam that I don’t think will end anytime soon as long as people find a way to get some tokens that pump they will continue to be lured to this scammers

[tabas]

Such a good reminder. The emotions are very much high at this rate when everything seems to be increasing and that's why we need to guard ourselves from various modus that are in the market and community.

scam traders flaunting their progress to lure novice into trading of their coins

This is one of the most common scam going round at all he moment, during every bull run almost everyone is an expert in crypto or a great analyst. Many scammers create signal groups on social media and post some set of Altcoins that would pump and since it’s bull run this potential victims see the result and continue following the scammers until they develop there own scam token and advice their followers to put their funds on it and then they rug pull. This is very common and this is an old scam that I don’t think will end anytime soon as long as people find a way to get some tokens that pump they will continue to be lured to this scammers

That's true, they are all targeting newbies that have no idea about the market and making it look like they're experts. They're always there when the bull run is there and tha's why many of the newbies are being introduced to the wrong projects because they're all projecting the returns instead of the project itself and what are the fundamentals and what it is aiming in the long run. Most of them are paid to shill and that's why many are wrongly directed to the market and they all(newbies) ended up losing money because they thought that these crypto evangelists are for real but they're just mere influencers that are paid to endorse projects that they'd get commissions for each guy they refer or signs under their links.

[Darker45]

As a matter of fact, newbies should have already known these basic dangers in cryptocurrency even before they started buying Bitcoin. It would be dangerous or perhaps even too late in certain cases if it's the other way around. I think being aware of these is a prerequisite.

For example, before a newbie actually invests money in Bitcoin, he/she should have already known that exchanges aren't a place to store his/her coins. Or a newbie isn't ripe yet for investing if he/she is still easily swayed by the enticing yet fake promotions of shitcoins such as their promised growth.

And, if I may add, these fraud and scams are active all the time, not just during bullish seasons.

[Kristiyana]

As a matter of fact, newbies should have already known these basic dangers in cryptocurrency even before they started buying Bitcoin. It would be dangerous or perhaps even too late in certain cases if it's the other way around. I think being aware of these is a prerequisite.

For example, before a newbie actually invests money in Bitcoin, he/she should have already known that exchanges aren't a place to store his/her coins. Or a newbie isn't ripe yet for investing if he/she is still easily swayed by the enticing yet fake promotions of shitcoins such as their promised growth.

And, if I may add, these fraud and scams are active all the time, not just during bullish seasons.

Well Said, I don't have full knowledge about cryptocurrency I'm still hoping to acquire the knowledge before looking out to make investment,as a newbie I don't think is a right decision for you to invest on something that you don't even have a single idea of.however most of the newbies the reason why they get scam is because they don't take one step at a time, probably when they saw people testifying on the investment they made,most of the newbie if they saw this testimony they might decide to give it a try without even knowing that it takes a lot of their time to learn how to invest, in the process of trying they might end up been scammed, as a result of being curious to get profited unlike others.

[Pi-network314159]

note: just a quick reminder

And this period comes with alot of significance because a whole load of shit normally happen during this period like

• crazy scam altcoins projects

I always see such projects with massive pump, that leure people into investing on shit. but I stay clear from it because I was once a victim.

• exchanges bringing up stories about being hacked

Just like FTX, mt Gox binance and kucoin hacks. Thats why it is advisable to keep your coin away from CEX exchange because not your key not your coin.

• hackers striving to get to as many victims as they can

With fake promo on social media, by flaunting edited wallet full of bitcoin which has no single bitcoin on it.

• scam traders flaunting their progress to lure novice into trading of their coins

I always see them giving fake testimonies in comment section of self moderated thread on social media were there fellow gang coment good about what they do, which you might never know until you fall victim then you will know that not all yes is a yes. Or not all testimonies are good testimony but a trap.

[Franctoshi]

Op nice one, obviously a lot usually happen this period if you have been in this space for years, you must have learned from experience or from what you saw happen to others in the industry, but for newbies in this space, you must take note of these measures to protect yourself and don't wait until when it will happen to you, especially when it comes to storage of cryptos on centralized exchanges platforms, anything can happen, and it will be shocked to you how you would lose your entire funds.

[sokani]

note: just a quick reminder

And this period comes with alot of significance because a whole load of shit normally happen during this period like

• crazy scam altcoins projects
• exchanges bringing up stories about being hacked

• hackers striving to get to as many victims as they can
• scam traders flaunting their progress to lure novice into trading of their coins

Thanks for the warning. The market is about to go bullish, many entrants coming into the space are not knowledgeable to avoid some of the tricks used by scammers. There are many phishing links flying around and fake projects are on the rise. Just yesterday, after it was announced that Apple had acquired a Canadian AI started up DarwinAI, I came across a fake token called DarwinAI being shilled on X to deceive and scam unsuspecting users. We are in a season when there's an increase in scams and we need to be extra careful.

[Woodie]

And this period comes with alot of significance because a whole load of shit normally happen during this period like

• hackers striving to get to as many victims as they can

This has to be top of the list imo, as so many new entrants are flocking into the world of cryptocurrencies with the bull runs experiencd ,and they are being preyed on by these hackers as they are easy targets....but nothing research and due diligence can't fix.

All these and many more happen during this period so it would be nice for every newbie and know what to do to avoid such stories especially for the aspect of saving or keeping your coins on exchanges.

Timing wouldn't be any better, if anything this advice isn't limited to newbie's as even veterans do fall for such scams and we should all own up and take extra care of our crypto assets to avoid falling victim to such, when all information of how to protect ourselves is readily available.

Let's all stay smart out there and avoid getting entangled in any scam event and be always be on guard that these are trial time for those that refuse to learn and heed to advice.

Agreed, another great point which should open our minds to learn new things especially in the territory of security of our crypto assets

[Zanab247]

Scams exist in the crypto market irrespective of bull or bear market but most of the newbies enter the market in the bull season which could be the reason why the number of scams is high during the bull run. The friendly remainder is going to be effective, I don't think so because the people who really do their research before risking their money will be cautious and one who just blindly jumps in will learn the lesson in hard ways.

And there are still some newbies who are still allow all those scammers to deceive them to make money from them during bear run or bull run and, it will make newbies not to believe in anybody that is trying to help them to start making profits like them if they will be able to follow the due process that attract the profit.

 I guess those who understand the bull run has taken a big profit from the bull run and those that newly enter the business was afraid to take profits when the price hit $50k because they thought that the price will not pump higher more than $50k.