You know how people are working their ass off to create a technology or a platform that will help the world or create a change in the world, that is how lots of people are working really hard to scam and dupe people off their money. They are very strategic in making sure they are up to date with the latest trend to know just how to scam people. They follow the trend and you have to be careful to make sure you don’t fall victim. Crypto is vast, it’s a big technology where there is a lot of opportunities and it’s limit it’s still being explored, for now it’s endless.
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During its early days, lots of people got duped based on fake crypto merchants and all, but fortunately there have been better means of purchasing crypto now. If you notice we have had a lot of crypto trends, look at the bitconnect and the one coin days, they tapped into the naiveness of early crypto investors who were regretting for missing the early bitcoin train. They took advantage of that, by promising these naive people the next big thing like bitcoin. Look at how it turned out, the scammers scammed people and took their money.
During the NFT trend, we saw a lot of people get scammed off NFT. We saw the NFT trend, lots of people were making a lot of money off NFTs, we saw bored apes and crypto punk become the star of the NFT show. Lots of people regretted not being the early bored ape buyers and that led to FOMO. When NFT knockoffs were created lots of people jumped into it because they believed it was the next bored ape and the next cryptopunk, we saw lots of NFTs get rugged. That was the trend, people have learnt to be smarter now, they have learnt to be more careful with their NFT purchases.
Currently, we have the testnet trend going on, people are trying to get airdrops and testnets is seeming like the latest way to get airdrops. Trust the scammers to have created a means to scam people and dupe them. Currently, one of the ways to be eligible for these airdrops is to follow their rules by either testing or holding an NFT. Their airdrop, their rules, some of these fake platforms went as head as creating a token and holding the token is the criteria for participating in the airdrop. Can you see what they are trying to do? They create a hype because that is the trend, have a lot of people buy their token to hold because they want to be eligible for an airdrop, then dump the token on the holders. Be careful out there guys, try to be vigilant out there, the scammers are trying to get smarter, moving with trend to scam their victims.