Post
Topic
Board Beginners & Help
Merits 6 from 3 users
Re: Crypto Scams in Each Market Condition?
by
Doan9269
on 08/03/2024, 13:53:37 UTC
⭐ Merited by Halab (2) ,Kelward (2) ,_act_ (2)
what are some of the typical scams to watch out for in each market condition?

One thing about the scammers is that they use the current market trending experience to form a way they can use to attack the people, we are the one that should know the ways to possibly detect seeing any of such attempt on us before we fall into their traps, you can read more about the common types of crypto scams here https://www.techtarget.com/whatis/feature/Common-cryptocurrency-scams

In addition, there's a way they also scam people as i have said earlier by using the trending economic news and crypto updates to scam people using any format, i will set some areas they can take advantage on by propagating fake news to attract people on the latest happening in crypto space.

1. some can use ordinance to scam by coming with many dimensions of how they can use this for attack
2. Bitcoin ETF scam, as we all know that there's much discussions ongoing about bitcoin ETF
3. Bitcoin Halving, some can be scammed as well on this, when they receive any information on this aspect that is fake
4. Free tokens scam, they can promise you with free tokens and set a means to attack you through such offer on their platform

these are just few examples of how they can set a target to scam us on any of the trending events on the crypto space aside the common modes of operandi used in scamming as mentioned from the link above.