Don't Fall Victim

[promise444c5]

                
 A Quick Reminder
It no more news that there's a bullish market drawing investors into the world of crypto especially  Bitcoin  which has been driving the pump of various kind of coins along.
However, this is the time to watch out for scam and good to be true projects as devs are desperate to have investors money stucked in their pockets  through this scam projects.

Two days ago, some of my friends introduced me to some altcoins and I tried to warn them about it because  I saw it was obviously scam but that was by the way.
My point is to create awareness  about the rapid increase in creation of shit and meme coins (altcoins generally)and most of them are about to lunch before the bitcoin halving

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"

These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others i could bring up are above. If there's  any addup, it's highly welcome.

[Zaguru12]

It’s a good reminder but OP should I tell you something? Many will still fall victim of this even if there is a daily reminder to them because the greed to get rich quick will never die off.

The tricky thing I found on this memecoins developers is they always come up with Ike that gives people lots of profit in a particular ecosystem and then it becomes like a bait which lure people there and then they lunch numerous of fake ones on there.

As for airdrops the scary part isn’t just getting affected with dust attacks but connecting your wallet to a site that actually steals your real funds. So my warning always to always to airdrop farmers is not to stop because I know they wouldn’t but be careful and use a burner wallet when interacting with DApps.

[jossiel]

The sad truth is that they won't decrease but instead, many of the newbies that keeps coming in the market will fall for those scams and traps.

Thanks to the social media and crypto shitty influencers that keeps on shilling all of those altcoins that they've been paid to promote. They get affiliate money from promoting it.

And these newbies that think they're safe with these influencers don't have an idea that they're being sold out.

[SatoPrincess]

Newbies have a wild imagination about the potential gains that can be made from crypto investments and as such it is difficult to convince them not to invest in altcoins or participate in airdrops. Scammers take advantage of this opportunity to trick new investors into buying their pump and dump coins or whatever hyip they are into.
In addition to the advice listed in the OP, these are other topics on the subject:
Crypto Scams in Each Market Condition 
potential scams to watch out for in 2024 Bull Run!
Do the needful this period and save yourself stress and heartbreak
Massive influx of scammers activity during the bull season.
Just a friendly Bitcoin friend reminder - High price = more scams

[Adbitco]

This is one thing always common with during the bull run we always come across some promising projects that seems to be very good and when you invest you wouldn't know when the market will turned against you. That is why during bull market we don't expect to be jumping around coin because scammers can easily launched their coin during bull run and after they succeeded they dump the coin for those who invested at a new ATH.

[Dr.Bitcoin_Strange]

People are always looking out for better opportunities, especially opportunities that can lead them to make a quick income without stress, and some people already have the misconception that crypto is a means by which they can easily make a quick profit. They fail to realize that there are so many scams in the crypto space too. The truth is that most people will fall victim to those fake project scams because they become greedy and only care about the profit they are expecting from a project without wanting to even do concrete research about the project they want to invest their money in. 

Anyone who is investing in a new altcoin project should just prepare their mind to accept whatever consequences or reward they get from their investment and also invest what they can afford to lose. I believe that there are still some projects that can benefit investors, but there is less chance of being able to be correct about all price predictions. 

[Ojima-ojo]

Technically speaking,  there is no connection between the coming halves and since the halving concerns Bitcoin alone whose blocksize is going to be reduced aside from that, I do not think there is any other coin that has any business with halving for that you should not use bitcoin halves as a basis for your suspicious for any coin.


Although, a lot of hype will come around the market in general investors should make sure to take note of every detail and also try to put every measure in place to avoid investing in the wrong project.

[Churchillvv]

Obviously it's a good move to keep us posted on this scam issues, it's a very good warning especially for newbies like me in order not to fall victim of this scam projects. but my concerns are, even with the amount of cautions that are being raised everyday in the forum a lot of newbies keeps falling for this too good to be true project.

With the threads listed by SatoPrincess I suppose we should all be aware of it by now but there are lots of people out there that will fall victim not because they wish to fall victim of it but because mot lack good informations. I was on YouTube last night and I saw that alot of women where flooded on a comment section of an influencer asking people to watch out for memecoins because they are likely the next bitcoin and a lot of people are falling for it.

I can say that most people in the forum already will limit the way they come in contact with scam projects but people outside here fall alot.

[Mpamaegbu]

In respect to this warning, let me quickly share what I encountered today. I believe it will help someone take care of their security. There's this token I have enough quantity of – Megaland. I didn't know the project migrated. I only got to hear of it recently. I went to their Telegram only to find out that people were complaining too of how they couldn't get theirs migrated. I commented there too like every other person. The next day I opened my app only to find someone had volunteered to direct me on how to solve the issue. A link was sent to me which had every trappings to show it was from the project. Correct link and all that, just the same way I saw it on the Twitter handle of the project.

Nonetheless, my sixth sense told me not to activate it on my wallet browser directly as that was the instruction to copy and paste in app browser. I had that token in my main wallet. So, I transferred it out to a burner wallet. Then I sent $1 worth of BNB as gas to the burner wallet to serve as migration fee. I copied the link onto my browser and linked my wallet. It was then I discovered it was a phisher. I chatted the dude up and told him to go enjoy his $1 loot. If I hadn't moved that token out before assessing that link, my entire wallet would've been drained and months of my ceaseless labouring wasted. I just have to put this out here so people will be more careful. Scammers are getting wiser this day. This bull season is as lucrative to them as it's to those genuinely investing.

[lovesmayfamilis]

Mailing via Telegram channels will now be huge. We all see a list of people included in one group or another. Fraudsters will knock on anyone they see interested in crypto. Anyone who doesn’t really understand how to check projects, for their own safety, should completely prohibit inviting their account anywhere and also not trust the links sent, which can be dangerous.
History repeats itself; all this already happened several years ago, but scammers have become more cunning. And if we hope that we have learned a lot, nevertheless, we should not trust strangers at all.
If you are a newbie, follow Bitcoin. Don’t be tempted by the high percentages that altcoins are currently earning. To have other coins, you need knowledge, and that is, time to obtain them.

[Kelward]

Nonetheless, my sixth sense told me not to activate it on my wallet browser directly as that was the instruction to copy and paste in app browser. I had that token in my main wallet. So, I transferred it out to a burner wallet. Then I sent $1 worth of BNB as gas to the burner wallet to serve as migration fee. I copied the link onto my browser and linked my wallet. It was then I discovered it was a phisher. I chatted the dude up and told him to go enjoy his $1 loot. If I hadn't moved that token out before assessing that link, my entire wallet would've been drained and months of my ceaseless labouring wasted. I just have to put this out here so people will be more careful. Scammers are getting wiser this day. This bull season is as lucrative to them as it's to those genuinely investing.

You were able to outsmart the scammer because you have accurate knowledge of the crypto space, if it were a newbie without experience, he'd have been scammed and lost the coins in that wallet, investors that are not knowledgeable are vulnerable and are easy targets for these scammers. The best option to crypto investment for beginners is to focus only on Bitcoin, it's reputable and in this bull run, it's a guarantee to give massive ROI, and if they must diversify into altcoins, let it be reputable top projects like Ethereum and BNB. In my opinion, investing in new projects should be for experienced crypto investors, who understands how to carry out research before buying, to minimize the chances of buying scam projects.

[cryptoaddictchie]

             
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others i could bring up are above. If there's  any addup, it's highly welcome.

Well its up to your choice. But as an altcoin investors, I am very well equipped with ways on how to protect myself from scams. You are probably right that airdrop (some) arent trusted but not all since some are giving genuinely some good profits. How could we avoid airdrops if its giving us good amount of money?

[Alpha Marine]

People would avoid a lot of these rug pulls if they just stick to bitcoin. I understand if they want the most profit possible but is the risk really worth for someone who doesn't know how to identify a scam coin?
Investing in altcoins is okay for people that know what they're doing, not like it means they're 100% safe but it's so much better than someone who does know. Most people think because they understand how crypto work they can invest in any coin. There are tones of altcoins out there, how are you going to know which would fail and which is a scam?

With bitcoin, all that is needed is your patience. If you buy bitcoin and it dips, as long as you can be patient enough you'll surely get your profit. We're in an insane bull run currently and a lot of new people would invest in bitcoin and a lot would make loses when the price dips, but if they don't sell at a loss and are able to keep if to a very long time, they'll be happy they were patient. The same cannot be said about any other coin. When in doubt, stick to bitcoin.

[mvdheuvel1983]

Even with the number of information here most people will still invest in the online investments they know nothing about but later they will come out to give their experience on how they were scammed. It's a personal decision for anyone who wants to invest in any project right now but this I have to say, memecoins and shitcoins are not the only projects that can vanish someone's money a wrong investment in bitcoin can also lead to lost of funds. Stick to what you understand and don't invest in any project you don't no matter the coin, this is my kind advice.

[knowngunman]

Well its up to your choice. But as an altcoin investors, I am very well equipped with ways on how to protect myself from scams. You are probably right that airdrop (some) arent trusted but not all since some are giving genuinely some good profits. How could we avoid airdrops if its giving us good amount of money?

The issue with the op thread is generalization and condemnation. The post already warned to becareful which is understandable but discarding altcoins and advising to stay away completely from airdrop is unnecessary. I know the security implications of interacting with some airdrop sites and how investing in some shitty coins can be disastrous but there are actually some that still pays.

For altcoins, one should conduct their research properly and invest moderately in order to bear whatever might happen in the end. As for airdrops, I would advise to have a separate wallet for such activities and never engage your main wallet with suspicious activities. Recently, I participated in one airdrop and the coins worth over $100 now for people still holding it. Staying away completely from airdrops to me is not ideal because some will earn you some money but one has to be careful though.

[AVE5]

Op I was more interested to hear about the scam coins your friends introduced you to. How was the end ot it? And why would your friends introduce you to Coins that's obviously a scam? I think such friends could think evil towards you, so you just have to be careful with those folks. Your friends too could be one of the architects of the MemeCoins developers. Don't be suitable with them as this case maybe.
The current value of bitcoin this time is really attracting quality increments in values to the AltCoins which actually scammers are littering every angles around the crypto industries with all manners of strategies at who to catch up with and make their cashout. Let's stay focused and never fail to be confided upon any phishing activities.

[Odusko]

Op I was more interested to hear about the scam coins your friends introduced you to. How was the end of it? And why would your friends introduce you to Coins that's obviously a scam? I think such friends could think evil towards you, so you just have to be careful with those folks. Your friends too could be one of the architects of the MemeCoins developers. Don't be suitable with them as this case may.
The current value of bitcoin this time is really attracting quality increments in values to the AltCoins which actually scammers are littering every angle around the crypto industries with all manners of strategies at who to catch up with and make their cashout. Let's stay focused and never fail to be confided upon any phishing activities.

For me is more of a personal thing than friendship, because I can't imagine myself falling victim to such scams any more and in fact, I have stopped to welcome any business advice from my physical friends and that is why I won't listen to them any more since I have experience alot of negative things from them in the past, ar most, I don't invest in any altcoins this season, and this is because I have to build a clears knowledge of their risks factors such as scam coin which are just object of the pump and dump with lots of hype.
Something 80%+ of the altcoins are in the negative category which at most I avoid getting involved in.

[348Judah]

These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

People sometimes are aware of the risk and danger in what they are pursuing after, but because of the greedy way that has gone over them in such a way that they could not resist anything that is coming in a form of bonus giveaway, they try to grab on what is empty and later to realized it's all a wasted efforts and they might have been already attacked through such, why should you be receiving free coins in which you do not work for into your wallet, don't you know that something bigger is coming as a disaster, instead of them to plan ahead to avoid such, they rejoice and celebrates that they have received free coins and before they knew it, they are already under attacked.

[EncryptedFortress]

I say ape in hard on DingleNut (DGN) Token when it launches on Solana tomorrow, it's gonna X 50,000 in a matter of days. 

Just kidding watch what you invest your money in. Don't treat crypto like a casino and you'll do alright. 

[Peanutswar]

Tons of newbie investors want to earn quickly with the basic flip of money and they are seeing this with the help of altcoins, meme coins or shitcoins, not all people have the same story to become a millionaire on this and most of them hoping to get a good coin to become one of those successful stories but not as always it happens, still there's a chance but to make sure you must need to become more aware take a look with the possible red flags, sometimes people have in a denial stage when they see their coin invested is crashing. Based on my experience ideally, stick with the reliable coin, grab the volatility and take the opportunity to make a profit, you don't need to rush things just to earn money. If you have time to invest in assets, try to invest too in knowledge.