Saturday, August 21, 2021

Crypto Scams

If you lurk on Cryptocurrency subreddits, you will have no doubt seen alot of scams lately. Crypto is a magnet for scammers but in the past year the so called "rug pull" type scams have increased by an order of magnitude. Of course alot of hacks recently as well which somewhat fit in the same pool as rug pull type scams for the purpose of this discussion.

Post a scam/hack event and you lose money. Are you more likely to put your future investments in only bitcoin/ethereum OR are you more likely to leave the crypto space altogether?.

Of course if anyone have been the victim of a hack or rug pull and would like to share the post behaviour and reasoning for it would be interesting also.

Reason for this poll - towards the end of 2017/Jan 18 crypto scams were also on the rise, most famous of which is of course bitconnect.

Similarity extends to the fact most people got in to those scams were due to influence from social media influencers just like today.

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