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?
Well for starter avoid the telegram or social chats. These people are usually pretending to be an admin or someone authorize about certain concern and eventually will lead you on the scam site. These are the one you should avoid.
Next is the links. Most people got scammed due to airdrop and dropping on fake links that they thought the real one. These are the common modus of them but other than that some are quite tricky method.