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?
Its not about the market condition but the willingness of other people to take advantage on situation and scammers will scam people whatever season we are experiencing. But expect a lot of scam will rise at bullish season or other called bull run since they take advantage of people thinking that there's a lot of opportunities for them at that time to earn.
That's why there's a lot of scammers will create a token to introduce to people and then scam them. We see this to happen always and there's a lot of meme coin rise up at this times so we need to be cautious on joining anything which offer us to good to be true profit since usually that is just a scam.