Bitcoin pumps will definitely attract newbies which could be easy targets for scammers. That is why we need to check for red flags before investing our money. Investment frauds usually come with promises of return that are too good to be true. People should be more responsible with their investments and conduct a thorough research first before diving in.
Is it only newbies that are targeted by scammers because no matter what your level of knowledge is if you are too greedy scammers will always get at you, the market have been on bull run in this recent days and scammers always look out for such opportunity to scam people of there hard earn money.