Quote from: Angry_Kitty on Today at 04:52:18 PM

Quote from: altixz on June 07, 2022, 05:03:59 PM

Quote from: inery_blockchain on May 30, 2022, 06:27:37 PM

During the fall of the market not all the coins will be able to survive. The most important is to check what product the coin offer and how useful it is. The ecosystem of the project must offer something useful like this https://twitter.com/CorsacV2/status/1526405278094266368 and get 9% BUSD 💰 rewards with utilities, which allows to attract community!

Scams looks like very attractive. They offer such conditions that people invest in them without thinking and checking any information.
And they lose money. It is very important to check everything not to lose money in scams.

There are too many scams in cryptocurrency industry. The number of scams increase during the fall of the market because not all the projects are able to survive during the fall of the market.

While it is true we see more scams during a bear market what happens is that during a bull market many scams survive out of the hype they have generated, so the scammers behind it do not want to get out so soon as they hope to accumulate more and more money before they choose to scam their customers, but in a bear market this is very difficult to do, so as soon as the project gets some money they choose to disappear and then create another project under a different set of identities, which gives the impression that scams have gone up when in fact the same people are still behind the scams.