Potential Scams to Watch Out For in the 2024 Bull Run!

[arwin100]

Pump-and-Dump schemes

They are not something that any newbie should focus on as it will get you destroyed if you believe in them.

This is something newbies don't like to hear and that's why they keep repeating the same mistake all the time! Even among high ranked members here, there are those who still belong to such groups and they call themselves degen hunters. I've closely monitored a few of these groups and have come to realize that most of them just pick a shitcoin, buy enough quantity of it before exposing it to the group. That's their modus operandi. Newbies should avoid them at all cost for the peace of their mind.

Because they always think that there's always easy way for them to earn and if they just spot the shit coin that pump x1000 times then they became rich easily for that. But they forgot to realize how hard to spot those kind of token perform that huge and for sure they go broke first for a lot of scam they encounter before they found that what they called gem on those shitcoins.

So its better for them to take all easy on each investment they made especially for those shitcoins since for sure this will be the common thing will exist especially now the bull run is approaching and we already see a lot of meme token rise and other play to earn scam games release because they know a lot of people will seek an opportunity to earn and that is perfect time for scammers to deceive a lot of people so we need to be aware and careful on those scams.

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[AVE5]

Hey! newbie community,
Let's keep the conversation going if the senior members and above think there should be more that should've been added to this topic please reply. I might have missed something.

Thanks.

How ignored I as a just member is and not recognized to contribute to this thread but senior members and above are. 😢.
But if you permit me Op and other senior members here, I'd in after all being outlined in addition  to say that we should be very more careful with the exchange platform and the wallets in used in our holdings.
While trading during our assets during the bull run epic, let's be watchful with some phishing ADs which pops on the exchange platform during trading because some of them are malicious and could redirect you from your intentions and if it's not well observed, you may befalling on fraudulent deceptives probably with over hype and untrue high exchange rate.
Be aware that this significant could even happen in a reputable exchange.
So let's stay alerted that scammers are hovering and invading every angles to scam who maybe a victim.

[LogitechMouse]

• Pump-and-Dump schemes
• Fake news and FUD
• Rug pulls

If you're not new in cryptocurrency, you've probably seen these 3 scams that are being used by these scammers to scam newbie investors. While these 3 are some of the common ways, there are still some other ways that scammers are using.

1. Paid-task scam - I know that this isn't a popular way, but I'm thinking that they can use this to scam newbies. In this way, scammers will be giving tasks to a newbie and they will get paid. The catch is, in order for the newbie to get those money that he earned through doing tasks, they need to deposit money into their website. In this way, they might use Bitcoin to lure those newbies. They might be using Bitcoin to "fake" pay these ignorant newbies.
2. Meme coins - I know, I know that there are some meme coins that are now popping up out of nowhere and that's where the problem is. Since meme coins are getting hyped, some scammers might use the opportunity to scam newbies. Scammers will create a meme coin, market it to the public, collect the money then go away. Same with rug pull basically, but this is by using meme coins since it's currently hyped. At least you know how it is.
3. Investment scams - The most popular way scammers are using to scam new investors, but many are still falling for it. There's no need for an explanation for this as we know how this works already. Scammers will lure you to invest to their "project" which will be turning into a scam project when they get enough money.

There are many ways that scammers are using to scam people. The best thing for us to do is to watch videos online that can give us tips on how to know if that project is a scam or not, and asking here in the forum as well.

[Miles2006]

I think things like this are commonly seen in the altcoin section especially the new tokens, pump and dumb scheme commonly referred as hype and from what I have seen during this bull run mostly last week, people on twitter and other social platforms going crazy just for airdrops and giveaway a more are yet to come but it's best to stay smart. Let's not forget about different links everywhere during this period trying to lure people with the mindset of earning quick money and after clicking those link and go ahead to share your personal information it's finished. Secondly, this is the time fake exchanges are created and creating of fake websites for withdrawal and they might end up blocking the site, that's why it's not advisable to save your money in an exchange. Lastly, we see a lot of celebrity promoting scam projects unknowingly to them and people still intend to invest without making research, advertising a coin using an influential celebrity just to create FOMO, this is just common with altcoins.

[Y3shot]

The pump and dump scheme and new projects launching without any plans of staying longer in the market is something we need to watch out for. There are many new projects shooting out of nowhere trying all means to entice investors to invest so they can crash the project after making some profits. These are not new methods used in the market to get money and expenses spend on the fake project. There are other things we need to consider before we invest in any new projects because many investors would lose their funds because of greed or getting fast profits by investing in get rich scheme projects. It is better for us to keep investing in known projects than new ones that would not last in the market.

Greed as always been the main reason why so many people lose their money in new project just to make money by all means. New project are very risky and it is not what needs to rely on. Since cryptocurrency is very risky to invest in it will be better people should go after known crypto to invest on than choosing the new projects that one is not even sure if it is reliable.  Many new project we have in the market now are scam projects.

[CryptopreneurBrainboss]

In the current market conditions three most common and effective scams you will encounter. These three scams are so effective to date that scammers tend to use it whenever they see the market is in a bull run and would use them for their benefit.

• Pump-and-Dump schemes
• Fake news and FUD
• Rug pulls

You can't see a pump and dump scheme with Bitcoin, you'll only see the market increase and decrease based on the mood of the market and you aren't totally at lose when Bitcoin decrease because the price will definitely rise back after the corrections. Fake news and FUD are experienced by Bitcoin investors but if you don't allow the news to determine what happend to your Bitcoin bags you won't be affected.

Rug pulls aren't things that can happen to you as a Bitcoin investor so if you want to stay safe and free from all what OP mentions, avoid investing in altcoins and keep accumulating Bitcoin. When you invest into Bitcoin you won't have to be watchful for that much scams in the market,l because you'll be valuable to the scams that usually dominate the bear market. As you secure your Bitcoin firmly and you won't be among those falling a victim to the scams that'll be dominating the bull market.

Altcoin are where the scammers are concentrating as they know alot of ignorant investors will be, since they're all searching for the next crypto to pump so they're easy targets to scam.

[Hyphen(-)]

The pump and dump scheme and new projects launching without any plans of staying longer in the market is something we need to watch out for. There are many new projects shooting out of nowhere trying all means to entice investors to invest so they can crash the project after making some profits. These are not new methods used in the market to get money and expenses spend on the fake project. There are other things we need to consider before we invest in any new projects because many investors would lose their funds because of greed or getting fast profits by investing in get rich scheme projects. It is better for us to keep investing in known projects than new ones that would not last in the market.

Pump and dump projects have already taken up space and begun to extract money from unsuspecting and inexperienced beginners. These projects are now rampant in the crypto space, if you are not careful, you will easily lose money because when the coin is launched, it will look like a serious project that can guarantee you 20-30x, once you feel relaxed and give them a little trust, you will just wake up and see an empty wallet, but some people are becoming lucky if they understand the system, they will invest early and case out once they get a small profit, the gainers in such projects are not greedy.

[avp2306]

In the current market conditions three most common and effective scams you will encounter. These three scams are so effective to date that scammers tend to use it whenever they see the market is in a bull run and would use them for their benefit.

• Pump-and-Dump schemes
• Fake news and FUD
• Rug pulls

You can't see a pump and dump scheme with Bitcoin, you'll only see the market increase and decrease based on the mood of the market and you aren't totally at lose when Bitcoin decrease because the price will definitely rise back after the corrections. Fake news and FUD are experienced by Bitcoin investors but if you don't allow the news to determine what happend to your Bitcoin bags you won't be affected.

Rug pulls aren't things that can happen to you as a Bitcoin investor so if you want to stay safe and free from all what OP mentions, avoid investing in altcoins and keep accumulating Bitcoin. When you invest into Bitcoin you won't have to be watchful for that much scams in the market,l because you'll be valuable to the scams that usually dominate the bear market. As you secure your Bitcoin firmly and you won't be among those falling a victim to the scams that'll be dominating the bull market.

Altcoin are where the scammers are concentrating as they know alot of ignorant investors will be, since they're all searching for the next crypto to pump so they're easy targets to scam.

Those new investors just think about that this is happening on bitcoin since they don't really know what they are doing and just got anxiety attack when correction happen that's why most of them called bitcoin is dead since they just react at current dumping condition happening without look at the situation that this event normally happen that's why they lose.

If they are not investing to much on altcoin for sure they would never taught that rug pull exist on bitcoin and they will choose this one as their primary investment for long term and will ignore the idea of holding those shitcoins in the market since they would know that scams usually happened on that tokens.

Lots of scammers creating new tokens are spreading right now so they must be more careful on their investment and avoid getting hype with those new altcoins.

[KiaKia]

Watch out for bad links on every social media this days, no one is free from malicious link, they target Twitter the most but they are also on Telegram and Facebook, be careful what link you click, most of the time, its always us that gives scammers the access to our data and other information's without knowing.

Pump and Dump happens with altcoin investments, if you are a beginner and you have the passion for altcoin investment, do not look for them anyone, there are dozens of fake altcoins that come into the market almost everyday, go for altcoins that uses launchpads like Seedify and Dexcheck to raise fund for their projects, these few projects are more safer than those that get listed on Uniswap and have less marketcaps.

[Kristiyana]

Watch out for bad links on every social media this days, no one is free from malicious link, they target Twitter the most but they are also on Telegram and Facebook, be careful what link you click, most of the time, its always us that gives scammers the access to our data and other information's without knowing.

Pump and Dump happens with altcoin investments, if you are a beginner and you have the passion for altcoin investment, do not look for them anyone, there are dozens of fake altcoins that come into the market almost everyday, go for altcoins that uses launchpads like Seedify and Dexcheck to raise fund for their projects, these few projects are more safer than those that get listed on Uniswap and have less marketcaps.

Thank you so much for your information I really do appreciate, haven't known this I will know the kind of link to click and also the kind of telegram bot to participate on I have been following most of this channels on twitter, now that you make it clear to me I think I'm going to limit from visiting those site.

[Belarge]

Greed as always been the main reason why so many people lose their money in new project just to make money by all means. New project are very risky and it is not what needs to rely on. Since cryptocurrency is very risky to invest in it will be better people should go after known crypto to invest on than choosing the new projects that one is not even sure if it is reliable.  Many new project we have in the market now are scam projects.

The market is filled with risks, it'd undoubtedly understandable. The bull run is not over, infact its just starting and we might just be lucky if we're stacking up promising coins in the market. Greed will continue to show existence in the market because the presence of traders and investors invoked such to happen. I've come across gamblers that are ready to do everything within their position to enabled themselves sitting ontop and bringing in the stream flow of profits, moving sideways to their portfolio and also their pockets.

[pakhitheboss]

You can't see a pump and dump scheme with Bitcoin, you'll only see the market increase and decrease based on the mood of the market and you aren't totally at lose when Bitcoin decrease because the price will definitely rise back after the corrections. Fake news and FUD are experienced by Bitcoin investors but if you don't allow the news to determine what happend to your Bitcoin bags you won't be affected.

You have expressed yourself correctly. However, it doesn't seem very honest to be a BM of a meme coin that is being questioned every day. I do not understand why you are pursuing a false narrative that may ultimately harm you, given that you are promoting a low-quality coin. If that is the case, why do you continue to promote it?

Rug pulls aren't things that can happen to you as a Bitcoin investor

I have been following a project for a cryptocurrency that you are promoting now. However, I don't think that it has any positive aspects to it, as the owner of the project doesn't seem to care about it and doesn't reply to any questions or concerns on the announcement thread. Payment issues have also been a constant problem in the past. It seems like another scam in the making, and if anything goes wrong, you might end up being the one who receives the blame on the reputation board.

Altcoin are where the scammers are concentrating as they know alot of ignorant investors will be, since they're all searching for the next crypto to pump so they're easy targets to scam.

Do you believe the current signature campaign that you are a BM is legitimate and not a scam?

[Abu-Naim]

Thank you so much for your information I really do appreciate, haven't known this I will know the kind of link to click and also the kind of telegram bot to participate on I have been following most of this channels on twitter, now that you make it clear to me I think I'm going to limit from visiting those site.

This information is very vital, you should take them serious because it is very useful to us. If beginners lack orientation of such scams, it is always easy to scam them and they beginners will end up generalizing crypto as scam. However, it is not all links that you should click because of phishing attack, and you should avoid connecting your wallet to any kind of airdrop because there is a lot of scams going on In cryptocurrency space. Also avoid following all these social media updates especially telegram because scammers always like social media since people are always active and people are greedy.

[Issa56]

As long as there is a bull market, fraud will increase and it is up to us to be aware of these indications.

I will tell you a little about my friend whose wallet was drained by the X.com fake news by connecting the metamask wallet to a phishing site similar to the official one.

Scammers are coming up with a new strategy to scam people on a daily basis, so we just have to be smart so that we won’t end up falling victim. Some scam strategies look so cheap, but lots of people are still getting scammed. There are lots of scam patterns that have been discussed about previously, but in the next bull run, we should expect new strategies by scammers, but if you are smart, then you should be able to phish them out easily.

I don’t know why people still believe they can make free money from crypto, Airdrops are just wasting of time to me, some might be paying, but I will say it’s just few that do pay, and the risk involved in participating in airdrop is just kind of high, lots of people’s wallet have been drained just because they participated in airdrops that’s why we have to be careful. If anyone is connecting their wallet to any website, then don’t use your main wallet, you can create a new wallet and use.