Quote from: Kingbtc2 on Today at 11:36:24 AM

Quote from: TravelMug on January 11, 2024, 10:20:14 AM

I think it doesn't matter if we are in a bull run or bearish trend, scammers will be scammers. Although it is just magnified in the bull run as there are a lot of newbie investors and this is the target of this cyber criminals and scammers.

So it's very important and I think this is the number 1 thing that every crypto investors need, educate themselves on every project that they put their hard earn money. And as we have said before, “If it is too good to be true it probably is". Meaning, if the offer appear too ideal or promising, it's wise to approach them with a degree of skepticism and investigate further.

Although this will be my first bull run experience and I know that because Bitcoin will be very profitable in this season, many newbies will want to be part of the profit experience so they will be looking out for any advice and opportunities to buy Bitcoin and be part of the bull run profit. Scammers will also increase their activities to scam as many of them. This forum is good for everyone who wants to be a Bitcoin investor or trader so that they will increase their knowledge about it, we need to do our own research on every investment opportunities that we hear on social media before we can trust whether it is genuine or scam, I have come to understand that there are many scams and hacks in crypto business.

Good to know that you are aware on those scams and for that you can avoid picking those unrealistic gain offered by scammer then get scam by them. Usually there's a lot of scam would came out once there's a hype coming by this bull run event since a lot of scammers think that people have a lot of money to release for their investment that's why they want to catch up and wait for their potential victims to get attracted by the offer they present that's why you or newbies should be careful on other upcoming attempts.

People need to know that if it is too good to be true then its not true, this word has been mentioned for many times here especially if other forum users want to warn newbies regarding on those investment scams.