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.
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.
Where this discussion centered on bitcoin or they are just the casual shitcoin losses and scammers? Bitcoin is currently around $36k and let's say you bought bitcoin around $59k, the current price should be above -45% losses but I believe only few bought at that price because it didn't even last upto a month before that price crash downward.
The only way I think people might lose from bitcoin is through scam. Security come before anything in crypto, you have to value your seed phrase and private more than even the bitcoin you have because once the seed phrase is gone. Even the wallet to spend that bitcoin will be difficult. In addition, make sure it's protected from online platform, not even on online wallet like software wallets.
As for the other ways to loss money from crypto, avoiding shitcoins by all means, it's makes you stay hydrated all the time and immune to any bullshit scammers.
The need to install an anti-virus and malware detector to avoid falling prey to scammers is now the real deal also enabling authentication authenticators, because as long as the Blockchain and decentralized network is concerned, scammers and hackers and money laundering will be a prey and that's why there's always upgrade and better initiatives to ensure better security of assets and investment.
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.
Where this discussion centered on bitcoin or they are just the casual shitcoin losses and scammers? Bitcoin is currently around $36k and let's say you bought bitcoin around $59k, the current price should be above -45% losses but I believe only few bought at that price because it didn't even last upto a month before that price crash downward.
The only way I think people might lose from bitcoin is through scam. Security come before anything in crypto, you have to value your seed phrase and private more than even the bitcoin you have because once the seed phrase is gone. Even the wallet to spend that bitcoin will be difficult. In addition, make sure it's protected from online platform, not even on online wallet like software wallets.
As for the other ways to loss money from crypto, avoiding shitcoins by all means, it's makes you stay hydrated all the time and immune to any bullshit scammers.
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 gadget 
Scams will always exist... Even during bearish market conditions, we often find many types of scams from various fake projects that think they are legitimate projects, but the reality is that many are still roaming around that we find on the internet.
What must be considered is to stay alert and don't take too much action if you haven't done your research first.
Currently the trend is ponzi scheme in my country some people have entered into the aisle of fraudsters but somehow they are promised sweetly too complacent, even though what they think is wrong of course do not know how to work to get profits in their own way not with ponzi scheme.
That is a classic scam that may have existed a few years ago, but in the crypto world there are more types of scams that we know of now including ponzi schemes, fake giveaways, fake websites with stolen seed phrases and other kinds.
We need to realize, never be tempted by unreasonable profits.
What must be considered is to stay alert and don't take too much action if you haven't done your research first.
Currently the trend is ponzi scheme in my country some people have entered into the aisle of fraudsters but somehow they are promised sweetly too complacent, even though what they think is wrong of course do not know how to work to get profits in their own way not with ponzi scheme.
That is a classic scam that may have existed a few years ago, but in the crypto world there are more types of scams that we know of now including ponzi schemes, fake giveaways, fake websites with stolen seed phrases and other kinds.
We need to realize, never be tempted by unreasonable profits.
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.
You can lose your coins in any period because scammers are always ready to find any available victims, so your funds should always be secured, and the process of securing it is the same. Store it offline by buying a hardware wallet or creating an airgapped wallet, separate your funds you want to hold for the long term and that for spending on the go, the latter should be the one in an online wallet.Add extra layers of security like setting up a multisig wallet or adding a passphrase to your seed phrase, all of these + common sense and good opsec should protect you from attackers.
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.
There are some very simple ways to avoid scammers in the crypto market. Let me point this out for you.
1. Do not give away your private keys or seed phrases to anyone
2. Greed is one primary reason for losing money. If you hear some investment will give you astronomical returns, it is wise to stay out of that.
3. Don't trust anyone when it comes to your crypto holding. Do not connect your wallets to any random websites
4. Do not use your primary wallet to do small transactions. Always keep your main holding separate.
5. Use licenced softwares and anti-virus programs and keep them up to date.
Hopefully these tips will help you.
Some people lose during bull market because they invest when bubble is about to explode. These people watch how bitcoin rises, then they think that it's temporary and it's going to fall, then they see it's not going to fall and start panicking, blaming themselves for not investing, then price rises again and they start panicking, then bubble is going to explode and these people finally decide to invest in bitcoin to not miss the profit but since they invest during the time when bubble is going to explode, this is what happens: They invest, bubble explodes and these people start losing instead of profit. Then these people hold tight because they were taught that they should hold long-term to profit but price is falling fast, they still hold it but when they see that price went super down, they can't hold anymore and they sell what they bought when bitcoin's price was at ATH. Then, they discover that some days later bitcoin starts recovering and price is slowly increasing, it's not going to reach ATH but it's increasing and price is getting higher than they sold.
Please carefully read what I wrote. This is the analyses of my personal spectation on people since 2016. Never make a mistake like this!
People who invest in Bitcoin during bull season surely know nothing about cryptocurrency market and Bitcoin. Otherwise people who know the cryptocurrency market never invest in bull season but always wait for bear season. If someone invests at the wrong time, how can they blame Bull Season or the cryptocurrency market or anyone else?
The whole point and gist of your post is that it can be people who have no experience. I think there may be another reason for this, that when some people get good returns, they try to reinvest in the lure of more profits, and in the same attempt they may take losses, because people always suffer in two places, either because of lack of experience or because of excessive greed.
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.
They lost big because of many reasons but some biggest factors are- They joined the market when the bull run is nearly over. So they bought at top and consequently panic sold at lower prices or bottom prices.
- They did not take profit and get their initial capital back to be safe. They won big, spent more money with hope to win bigger, at the end, lost big.
You just need to avoid everything that related to free money e.g. giveaway, airdrop, bounty etc, learn lowkey life and privacy, I believe it will decrease a lot chance you would be targeted by someone. But the reality it's hard because many people obsessed with free money, flexing and don't care with privacy, after all life is a choice.
Address poisoning, this was popular when the last bull run, never claim/add any unknown token or coin that send into your wallet.
That's basically the weak point of every human (greed) many people out there have failed to succum to things they know fully well that's is dangerous but due to the fact there is a slight chance if them making profits of it, they don't bother at all and go all in and take the risk of investing. Address poisoning, this was popular when the last bull run, never claim/add any unknown token or coin that send into your wallet.
It is believe that taking risk sometimes is good but some of the risk that we get ourselves in are just not worth and most of the times we fail to analyze it because we have been shielded by our greed.
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.
Some people lose during bull market because they invest when bubble is about to explode. These people watch how bitcoin rises, then they think that it's temporary and it's going to fall, then they see it's not going to fall and start panicking, blaming themselves for not investing, then price rises again and they start panicking, then bubble is going to explode and these people finally decide to invest in bitcoin to not miss the profit but since they invest during the time when bubble is going to explode, this is what happens: They invest, bubble explodes and these people start losing instead of profit. Then these people hold tight because they were taught that they should hold long-term to profit but price is falling fast, they still hold it but when they see that price went super down, they can't hold anymore and they sell what they bought when bitcoin's price was at ATH. Then, they discover that some days later bitcoin starts recovering and price is slowly increasing, it's not going to reach ATH but it's increasing and price is getting higher than they sold. 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.
Please carefully read what I wrote. This is the analyses of my personal spectation on people since 2016. Never make a mistake like this!
You just need to avoid everything that related to free money e.g. giveaway, airdrop, bounty etc, learn lowkey life and privacy, I believe it will decrease a lot chance you would be targeted by someone. But the reality it's hard because many people obsessed with free money, flexing and don't care with privacy, after all life is a choice.
Address poisoning, this was popular when the last bull run, never claim/add any unknown token or coin that send into your wallet.
Address poisoning, this was popular when the last bull run, never claim/add any unknown token or coin that send into your wallet.
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.
i think there is no other reason than we become too greedy during the bull season . If we don't want to be scammed, we just need to do one simple thing, restrain greed, stay away from new projects , stay away from projects that promise to bring x100, x1000 quickly. Just do this and focus only on bitcoin, I bet you you will never get scammed. But if you are still greedy and still want to make money from altcoins , you should not blame any project because it is your greed that is causing it, not someone else's. 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.
Most of the time. People in crypto lose their money not on scam activity but rather on poor choice of investment. They intentionally choose a risky investment that’s why they ended up losing money and feeling scam but in reality they knew the risk involved but still enter due to the promise of huge return.
Honeypot and other type of rugpull is the most common reason on why people keeps losing money even on bullrun because they are chasing more gains that is higher on Bitcoin gain since they are left behind.
When the bullrun season comes, many scammers appear with various ways to deceive their victims at the same time many beginners come hoping to get bigger profits, so this is a gap for scammers to prey on their victims in various ways including:
Ponzi schemes with 100% returns without doing anything but beginners don't know anything so they often fall into this trap even though this is an old trick but there are still many people fooled here.
Spreading fake websites in the hope that the scammer will get the seed phrases that are entered on the site he created, these are victims who do not know anything and we often see many sites like this.
Then with giveaways, usually this is a lot for altcoin projects, and connecting their wallets to these fake giveaway sites, often on X.com many promote this kind of giveaway.
Anyway, you have to be careful when bullrun has entered it, you have to know if there is a promising offer then it should be suspicious.
Ponzi schemes with 100% returns without doing anything but beginners don't know anything so they often fall into this trap even though this is an old trick but there are still many people fooled here.
Spreading fake websites in the hope that the scammer will get the seed phrases that are entered on the site he created, these are victims who do not know anything and we often see many sites like this.
Then with giveaways, usually this is a lot for altcoin projects, and connecting their wallets to these fake giveaway sites, often on X.com many promote this kind of giveaway.
Anyway, you have to be careful when bullrun has entered it, you have to know if there is a promising offer then it should be suspicious.
To be honest, I think scammers are pretty active all the time, but people are dealing with funds more during the bull market, so maybe that makes this period more important.
If it's too good to be true, stay away.
If you need to send money to get money, it's a scam.
Double-check websites before entering passwords, same with addresses before sending BTC.
If it's too good to be true, stay away.
If you need to send money to get money, it's a scam.
Double-check websites before entering passwords, same with addresses before sending BTC.
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 odd to say that scammers are the most updated set of people but if you look at it from one angle it's actually the truth because they never relent on different technology and always stay updated in every single opportunity available for them. The most affected person are the ones which their greed actually control them or the ones that are always ignorant of the advices that are given to them as humans don't take or rely on anyone's advice especially when it sometime that has to with financial advice. 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.
Old scam still works during bull season because the new comers are unaware of those scams. Even the doubler scam sipeemmto make money still in the bull market.
But most of the scam that gets more money and scammers get away are those who are doing ICOs still. In th bear market the users who are making money seem to be looking for more project to invest in. Its unfortunate that they picked the scams.
Every opportunity to make money, is also an opportunity for scammers to make money. Scammers are very smart in time of leauring you to fall a victim. People tend to always fall victim out of greed. Sometimes scammers uses airdrop to scam people. I could remember last year when there were tones of airdrop of some token which were metawar.terk,Bull and many others. These airdrop where claimed freely, but just a little amount of about 5000coin for each persons. and it worth about $300 and they fixed a date to unlock these airdrop. and people used there BNB to claim a huge amount of it. some were able to buy $2000k worth of it, while some bought a little amount of about $400, expecting to make a huge sum of money. But never knew it was a honey pot. Not until the day of unlocking the airdrop. Guest what? they were still told to pay ustd to unlock it. Isn't that a very big scam? I claimed the airdrop free, but never invested on it. if not I would have been a victim. So we all just need to be extra careful on scam altcoin promoting sites.
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's a circle that repeats itself every bull season. We know scammers are all for the money, this money rain becomes obvious during bull rally. That's when most people become excited and then lose guard. It's a favourable time for scammers to hit their preys. Of course, we know how angered and frustrated many investors tend to be during a crash and they're not likely to be interested in any further talks. During bull rally, investors are willing to invest further.To checkmate scammers and hackers during bull season, people should be weary clicking on random links. Links could be malware carriers. Again, we should be careful with our passwords and passphrases. On no account should anyone screenshot them. It's better to write them out on a piece of paper or on a notebook. Do this and you're further away from getting scammed or hacked. Lastly, don't patronise any business that sounds too good to be true. They often end as scams.
Most scam techniques are pretty much the same. They give you too good to be true promises, and they give you a sense of urgency or fear. Moreover, they will pose or impersonate authority. Currently, there are not any novel schemes, they mostly use social engineering to execute the scam. The exception is scams that incorporate technical parts, in this case, simply sticking with cryptocurrency or tools that have been long-standing and battle-tested is a good way to go, instead of chasing some obscure coin or tokens.
The problem is, if the bull run comes, there will be an influx of newcomers who haven't been aware or exposed to such conditions, so they are the most prone people when the time has come.
The problem is, if the bull run comes, there will be an influx of newcomers who haven't been aware or exposed to such conditions, so they are the most prone people when the time has come.
For some reason, being hyper makes one slightly oblivious and to an extent greedy. This is the festive period and since there will much expenses people would be looking to add more to their income, so when things like this come up, they jump into it without making proper research. I watched on advert where an individual was paying money two times for a service simply because it was masquerades as another thing and this is the case of some victims who get scammed.
Just as you will not easily give up information about your bank details to an unknown number calling and claiming to be a manager from your bank, that's the same way you should not easily click on any link you know nothing about or send Bitcoin to an unknown address simply because they promised you 10x gain.
Just as you will not easily give up information about your bank details to an unknown number calling and claiming to be a manager from your bank, that's the same way you should not easily click on any link you know nothing about or send Bitcoin to an unknown address simply because they promised you 10x gain.
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.
Every season gives scammers new opportunities to exploit the greedy.
Now bitcoin halving is just around the corner, so what scammers do is approach their victims with a promise and convince them that they can make a whole lot of money before this halving comes by investing their bitcoin with them or some sort of convincing story that will make them give their coin access to them in expectation of a high ROI.
The same thing happens in the bull run. They use the bull run trend to enter people who know little about investment and convince them how they can take advantage of the bull run and make a massive profit. If they can just take the risk and do this, then they will be able to make it out big and don't miss out on the bull run. Those who are greedy and want to double their holdings by all means will fall into this trap, and they will end up losing everything they are looking for.
Now bitcoin halving is just around the corner, so what scammers do is approach their victims with a promise and convince them that they can make a whole lot of money before this halving comes by investing their bitcoin with them or some sort of convincing story that will make them give their coin access to them in expectation of a high ROI.
The same thing happens in the bull run. They use the bull run trend to enter people who know little about investment and convince them how they can take advantage of the bull run and make a massive profit. If they can just take the risk and do this, then they will be able to make it out big and don't miss out on the bull run. Those who are greedy and want to double their holdings by all means will fall into this trap, and they will end up losing everything they are looking for.
Scammers uses the trend to get their victims. I can remember when ponzi schemes was trending in my country, many scammers started building their own platform to scam people. Within the period it lasted, millions of people were scammed. Same thing happens in everything that is trending and that is how scammers operate.
The proliferation of cryptocurrency today is another scam being done by people using the trend of Bitcoin to create shitcoins for the purpose of scamming people.
Hmm, thats an interesting thought there because so many altcoins that tend to pop up during this period and many people who are not familiar with how the market works would just get involved in these coins and before you know these coins would just dump so fast leaving these investors stranded and hopeless. The proliferation of cryptocurrency today is another scam being done by people using the trend of Bitcoin to create shitcoins for the purpose of scamming people.
Scammers uses the trend to get their victims. I can remember when ponzi schemes was trending in my country, many scammers started building their own platform to scam people. Within the period it lasted, millions of people were scammed. Same thing happens in everything that is trending and that is how scammers operate.
The proliferation of cryptocurrency today is another scam being done by people using the trend of Bitcoin to create shitcoins for the purpose of scamming people.
The proliferation of cryptocurrency today is another scam being done by people using the trend of Bitcoin to create shitcoins for the purpose of scamming people.
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.
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.
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