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?
During the bear market, the market is usually illiquid, there is limited amount of money coming into the crypto market, so it's ways difficult for scammers to get money even with their new tricks to take people's money. Nobody find joy in seeing crash and crashed of the market, in this period new investors and noons do exit the market and since scammers always target inexperienced and naive people, they don't see money that much.
However, you see bull market? That's the time everyone becomes expert even when they know nothing, they get excited about the market and fail to follow up even the basic caution of the market and scammers been the smart individuals, they prey on this ignorance and steal from them. No matter what how woke crypto looks to many people and expose, there are still people that lose money to ordinary telegram groups like the one I just read the other time.