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?
One of these Many scams to watch out for have to be the scam of investment that doubles your capital in few hours or days, a proper Bitcoin investment is never supposed to promise such because almost every Bitcoin investors who understands the dynamics of Bitcoin over the years will understand that it doesn't work that way except in peculiar cases where there's a Bull run but then it's still not a legitimate way to invest in Bitcoin, some of them pose as traders posting results that could be false and tell you they trade and could filp your portfolio in space of hrs or days, Ina as much as this is very possible, only a few are genuine out there and the few genuine ones are actually very small .
Don't fall for any investment trading deal or offers, rather try to trade by yourself if you so desire or best buy and HODL, that way you can be sure your assets are most safe and will generate a good amount of profit for you if you give it the number of time necessary for it to get such profit.