Quote from: bettercrypto on Today at 12:20:44 AM

Quote from: mirakal on November 09, 2023, 10:41:18 PM

Quote from: tabas on November 09, 2023, 10:57:12 AM

That season has given us the wild ride, both positive and negative and that has given the best and worst on this market and also from the world. The best is like when the exposé of those real scammers in the community that has taken sums of money from the innocent users and swindled everyone, like was successfully made us a fool that they're the angels of the market. But lo and behold, they're the real devils that have planned it all along. And going with the real world incidents, it's like an actual reset for the majority but what I don't like from this scene is that the rich became richer. Undecided

That was really a terrible one. A lot of of new projects were hyped that time that made us really excited to invest on the high potential ones but only to find out that those development teams suddenly shut down those projects and disappear in the market. Lucky are those who were never tempted to risk their money but a lot of those who have lost their money in an instant.

This incident had made me realized that no matter how you do research on the project, that is still not enough guarantee that we will never get scammed. Scammers have become smarter and they really make sure to attract the people first until they take advantage of the investors money and left the market taking the investors assets.

Also during the pandemic, all the people around the world when COVID-19 started were all really staying at home and were not allowed to go out, and all the establishments were also closed, so the only opportunity for people would be online while they were at home. They were participating to get profit here in the cryptocurrency business.

But sadly to say, there are also many crypto project scams that have come out, which some people thought were legitimate and would take time, so most of the projects only lasted for weeks.

That is actually true, due to the pandemic many people were forced to work online, so they have the time to explore the internet and then some find out crypto industry and learn about it. Back then P2P earning games were popular, and many investors invested in them cause they gave a lot of people a profit, you could literally see it on the news that they had bought a house by just playing. I think that's one of the reasons why some of the scammers literally step up on their game, cause there's a lot of hype and popularity in the crypto such as NFT so they would do a lot of things just to scam people. But despite those issues, we can't deny that those years were actually profitable years (based on my experience) cause there were a lot of options to earn back then not only by trading and investing. Still, we know that it won't last due to scammers so it won't be a long term.