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Board Beginners & Help
Topic OP
Crypto Scams in Each Market Condition?
by
Davidvictorson
on 07/03/2024, 14:49:37 UTC
Hello, I have a question for you that regards crypto scams. In the years since I started to invest in bitcoin, I have come to understand that there are different types of crypto scams and fraudulent activities depending on whether we are in a bull run or a bear market cycle. For example just as we are looking at reaching a new bitcoin ATH soon, I can imagine that certain opportunistic scams may become more prevalent as bad actors try to capitalize on the hype and mania. Also, I think that in the bear markets there will also be another kind of scam where scams try to take advantage of the fear and desperation some investors feel.  Due to the changing landscape of crypto scams between bull and bear cycles, what are some of the typical scams to watch out for in each market condition?