Most new investors think that they can profit from investing in bullish markets. But they don't know where the fraudsters can fall under the investment. Scammers are very active especially during the bullish season because people are willing to invest a lot during that time. So they make various promises and tempting offers to steal their money. Moreover, phishing sites attract investors by promoting them.
So be a smart investor by being fully aware of scams.
Topic: Massive influx of scammers activity during the bull season. (Read 356 times)
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many factors that posses these results of losses.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
During bull markets in the cryptocurrency space, there tends to be a massive influx of scammer activity . Scammers employ various tactics, such as phishing schemes, fake ICOs(Initial Coin Offerings), and pump and dump schemes, taking advantage of the euphoria surrounding rising prices .The heightened enthusiasm and increased media attention attract both legitimate investors and opportunistic scammers looking to exploit the fervor .Investors should exercise caution, conduct thorough research, and be vigilant about the authenticity projects and platforms to protect themselves from falling victim to fraudulent activities during bullish periods.... It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
Just recently I got a text from a random number telling all the advantages of the high increase if Bitcoin and siad in the text that all I need was to click the link and they have great opportunity installed for me and we all know curiosity can cause, this can lead to me to different places and even put my HODLing at risking because clicking of random link is never advisable if you are crypto holder and knowing this, I carefully ignored but this action might have been different for a crypto space novice.
Now. For the end and towards the end of the year. Maybe this also arises in our minds. How come there's no end to the news that creates chaos in prices? Is the news all this time also made up so that the market is corrected again?
This is what often happens, many people don't want to miss the party even though it might just be a hoax. Indeed, no one can control the market, but there are ways for strong people to do it.
That's because those who spread negative news don't want to see the crypto market rise. They will hinder the rise of the crypto market at all costs. And it seems that someone is deliberately making the market correct again.This is what often happens, many people don't want to miss the party even though it might just be a hoax. Indeed, no one can control the market, but there are ways for strong people to do it.
But we as crypto users who have known about crypto for a long time don't need to panic. When the time comes, the crypto market will start to increase by itself. If that happens, nothing will be able to stop it and it will be time for us to make a profit. They may still prevent the crypto market from rising. But they won't always be able to do it.
We must be patient and wait for the crypto market to recover. And now, the crypto market is making its recovery. We must prepare ourselves well because crypto reversals can happen at any time. The current time can still be used to accumulate Bitcoin and altcoins so make the best use of this time.
Scammers are always active may it be bull season or bear season. Scammers don't sleep and are always looking for opportunities to scam people. It is that scammers get more victim during the Bitcoin market bull period because there are more people getting active at that time and there are also newcomers that are somehow not familiar with how the Bitcoin Industry work so it seems that scammers look more active during the bull period because scammers tend to scam more people during this period.
Regardless of the season, may it be the bullish or bearish market, we must always stay vigilant and be on the look and avoid scammers.
Yeah that's true, sometimes it even safe to say that scammers are more active and vigilant that your every day normal crypto enthusiast base on the update levels, every seasonal market open and creates opportunity for more naive and less focus persons to be scammed and most person just don't when something that is presented is too good to be true. Scammers are proactive and don't relent as they feed on the greed and sometimes ignorance of the public so inorder for you to stop this, you first need to be a scammer yourself but in the aspect of always staying updated so you can identify some simple avoided techniques used to get their victims.Regardless of the season, may it be the bullish or bearish market, we must always stay vigilant and be on the look and avoid scammers.
Scammers are active during that season its because they know that many people are so willing to spend a lot of money for their investment. They want to convince people to go with them and promise everything so that they can steal their money. That's why we need to be aware on the classic method they use since they just recycle the schemes the made before but insert some twist so that they caught the interest of people to try their scam service.
We should never get fooled nor to be look like that since if it happens that we get scam by those people for sure they will just laugh at us that's why we should be aware on scams so that we will not a easy target for them. If to many people will be aware about those scams for sure the same activities will lessen so we need to be a smart investor to avoid scams and people who want to take advantage with us.
Now. For the end and towards the end of the year. Maybe this also arises in our minds. How come there's no end to the news that creates chaos in prices? Is the news all this time also made up so that the market is corrected again?
This is what often happens, many people don't want to miss the party even though it might just be a hoax. Indeed, no one can control the market, but there are ways for strong people to do it.
This is what often happens, many people don't want to miss the party even though it might just be a hoax. Indeed, no one can control the market, but there are ways for strong people to do it.
Imagine a bull run like bees swarming for nectar in flowers where everyone gathering to scoop up profits, just like bees hustling for food and honey. It's not just investors and traders in the mix; it's also prime time for the shady characters. With the FOMO frenzy, folks might be oblivious, and that's the golden opportunity for the tricksters. They'll hit you with phishing links, sneak in scam projects, and even slide into your DMs with fake help. Bottom line: in a bull run, keep those radars up. Stay extra vigilant, or you might end up losing more than just the honey pot.
I read this article by Chainalysis a while ago, It made me realize that scam activities are relatively less during a bear market because users are generally more pessimistic and unlikely to believe the guarantees and promises of a scammer about higher returns since prices are declining.
If this is the case in a bear market, it should be the opposite in a bull run. People are more trusting and optimistic about making a profit. They are ready and willing to listen to juicy offers because they can see that there's money to be made. This usually leads people into the wrong hands.
Bitcoin is a technology that provides convenience, wrapped in a crime that is so easy by dishonest people, that almost every month there is news about crime, maybe because of some web lines to claim certain prizes that turn out to be phishing, choosing any wallet if you don't prioritize carefully in interacting will bring disaster, with phising fee is low and potentially certain oracles will get thousands of percent profit, if you can limit yourself or separate the wallet between the tesnet and mainnet I think the potential loss is less and the wallet will last longer from fraudster attacks, the rest is greed without basing the work process and not recognizing ponzi, my principle is that instead of depositing to get a reward it is better to save bitcoin until the bullish period can multiply in the wallet by itself, and saving in your own wallet is the best solution.
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many factors that posses these results of losses.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
Scammers make it their job to steal others people money. I imagine they spend most of their time thinking of different ways to do that effectively. There is a lot of FOMO during bull seasons, people become suddenly interested in bitcoin because of the profits they hope to gain. This opens a window for scammers to launch their scams, it could be pump & dumb coins, high yield investments or good old fashioned “send x amount of bitcoins to this wallet and I will send double” scam.
People need to learn to be less trusting and more conscious of investments they make.
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many factors that posses these results of losses.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
Scammers are always active may it be bull season or bear season. Scammers don't sleep and are always looking for opportunities to scam people. It is that scammers get more victim during the Bitcoin market bull period because there are more people getting active at that time and there are also newcomers that are somehow not familiar with how the Bitcoin Industry work so it seems that scammers look more active during the bull period because scammers tend to scam more people during this period.
Regardless of the season, may it be the bullish or bearish market, we must always stay vigilant and be on the look and avoid scammers.
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many factors that posses these results of losses.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
Scammers are always active may it be bull season or bear season. Scammers don't sleep and are always looking for opportunities to scam people. It is that scammers get more victim during the Bitcoin market bull period because there are more people getting active at that time and there are also newcomers that are somehow not familiar with how the Bitcoin Industry work so it seems that scammers look more active during the bull period because scammers tend to scam more people during this period.
Regardless of the season, may it be the bullish or bearish market, we must always stay vigilant and be on the look and avoid scammers.
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many factors that posses these results of losses.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
People made alot of mistakes during the bull season all because they think that such period os the only avenue for them to take advantage on the hype on most altcoins to invest in them, but things don't really work like that in most cases, those that do benefitted from bullrun are the earliest investors who had already invested during the bear market when the price was still dip, hodl and make profits during the bull season, now the market price is already high at bullrun.
If a newbie should buy at he rate then they must be willing to have enough patience to hold because the market was already high and next after that my comes in the bear market andthey begin to loose interest because they expect the market to keep going high but instead it's coming down, if you're investing, buy the dip ad hold, don't buy when the market pumps, except you're more ready to hold the more.
For some reason I got this taught from a discussion I was partly involved in where the persons were all complaining on how they lost so much during the bull market and it made me wonder how possible is this if one should be able to avoid so many factors that posses these results of losses.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
It would be nice for the community to discuss how these period are so vital on profits and also how they can also be a hit by some these scammers that are fully active during this period due to same reason that everyone is always hyper in these period.
If you are not familiar with trading altcoins the bull run is the wrong time to dabble into them. This is because there is a high increase in scam tokens this season. Bitcoin should be the best option for inexperienced traders. The only challenge will be how to keep your coin and it can be easily learned. Experienced traders should always do comprehensive research on any crypto project before investing.
One thing you must know is that you don't have to get carried by the bull maybe investing in new coin because that's where people do lost money, if they get scammed is when they are too desperate to make gain, they won't mind that scammer can launch a fake project and hyped it on twitter x after their promises you would think is going to be the way they promised without knowing that they are trying to lure you into investing in their projects/shitcoin. Again do not hunter for airdrop excessively no matter how much they promised for the airdrop avoid it otherwise you could get trapped.
Social media is the harvest field of these scammers, hence we should be careful. Many projects will be cloned or faked on some of these social media platforms. Confirming from the verified website or other media platforms will help to reduce scams because scammers can redirect their prey to a fake website via social media.
There is too much noise affecting people's minds, creating a rush to invest anywhere sooner. People present on the forum are unlikely to make mistakes with investments since the truth is repeated many times: there is nothing free on the Internet. But fans of social networks are future victims, greedily hunting for “gifts” either from the public or now from the impending halving, which will certainly be presented in the news as the coming of the time when you need to prepare for riches. And scammers, who are still very inventive, will show everyone the high art of deception.
I agree with you that the members of this forum are a bit better prepared against scam attempts, but anyone can fall into these traps, and thinking that it would be hard for anyone to fall is the first step towards this end.
Especially in times like this one. Bull runs are the moment where scammers can get the best results from their dubious practices, not only because of these special feelings (FOMO, rush to invest, hype) but because it is the time when most people decide to take action, and once the decision is made, it is easier for scammers to manipulate them on how that action should be materialized.
Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.
most of the main sources sometimes from this site start out as thieves of our personal wallets, bull season really has to be careful for those who can't differentiate between official sites or scams, this is a danger for beginners. even cakes dare to steal even though cakes are already famous. For me, if I get an airdrop tokenI transfer it to another wallet with a different gadgetphishing sites are the most common bait of these scammers to naive users. this is why it is always important to check the legitimacy of the site before you enter anything vital information to them.
even top searches will give you some fraudulent sites because i believe they are also paying some ads. and sometimes google can't track all these scam sites. what you can do if you encounter a scam or suspicious website, you can always report it to google via https://safebrowsing.google.com/safebrowsing/report_phish/?hl=en. at least, give a heads up that the site may be running a scam.
There is too much noise affecting people's minds, creating a rush to invest anywhere sooner. People present on the forum are unlikely to make mistakes with investments since the truth is repeated many times: there is nothing free on the Internet. But fans of social networks are future victims, greedily hunting for “gifts” either from the public or now from the impending halving, which will certainly be presented in the news as the coming of the time when you need to prepare for riches. And scammers, who are still very inventive, will show everyone the high art of deception.
There are many ways that those scammers and hackers get to attack Bitcoiners, and sometimes they can get successful. For example, you could receive mail from some platforms that will ask you to claim your reward for winning some Bitcoin or other altcoins. If you are not aware of this kind of scam, you can mistakenly click on those phishing hyperlinks that they include in the mail, and some of those links contain malware and corrupt files that they can use to access your device. Sometimes you might not really know that you have given them access to your device until the day you lose your asset. There are other ways they can use to scam victims too, like asking people to invest and earn a huge profit.
Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.
Thing is, most scammers operate in the form of rugpulls during bull season. Small-time hackers and scammers get nothing during these periods because all of the money's getting soaked in the rugpuller's pants. And while I support everything that you say, it doesn't really fall in line with what the industry needs during these particular periods. In any case, here's what I have to offer: Inform the hell out of yourself about what common denominators these scammers and rugpull projects have, analyse and look for these patterns in every project that you will trust and put your money in. Thing is, no matter how great a scheme or a rugpull project is, they're bound to make these very simple mistakes that would fly off the regular person's radar, but would light off every alarm in yours. Learn all about these, and make sure you look for them religiously.
Do not type your seed phrase or any site than your noncustodial wallet. Download your wallet only from the official website. Do not connect your wallet to fake or scam sites. Do not pay any money a site lured you to pay in order to get double or moy of the money. Avoid cloud mining sites. Be active on a forum like this.
most of the main sources sometimes from this site start out as thieves of our personal wallets, bull season really has to be careful for those who can't differentiate between official sites or scams, this is a danger for beginners. even cakes dare to steal even though cakes are already famous. For me, if I get an airdrop tokenI transfer it to another wallet with a different gadgetphishing sites are the most common bait of these scammers to naive users. this is why it is always important to check the legitimacy of the site before you enter anything vital information to them.
even top searches will give you some fraudulent sites because i believe they are also paying some ads. and sometimes google can't track all these scam sites. what you can do if you encounter a scam or suspicious website, you can always report it to google via https://safebrowsing.google.com/safebrowsing/report_phish/?hl=en. at least, give a heads up that the site may be running a scam.
Jump to: