In my previous post (Part - 5), I had told you about fourth scam or problem, that is Inflation, that happens also in Web 3 internet. I had also told you there on how to balance this problem, that is by using Dollar Cost Averaging in which traders buy their stocks in less quantity when market price of those stocks increase at sudden, and when those stocks price becomes low, traders sell those stocks in more quantity to make money. This practise of Dollar Cost Averaging, make them balance their stocks, it also adds profit to their portfolio and make them free from tension of Inflation.
Now, let us move to fifth scam that happens on Web 3 internet.
5- Pump and Dump Schemes :-
This scam is day to day common, if you don't take a action against them. These type of scammers, you can found easily everywhere. Scammers who are pure copycats will create fake profile on the internet, and might attach your profile picture and name in it, might also copy bio and may say that those are original one and you are fake. They don't realize, that their activity can cause everyone, to doubt your creativity and might add burden to you to fight these small groups.
They naturally say that, they do provide coins of yours, and also giving giveaways of somewhat like 5 BTC, or 100 BTC.
DON'T EVEN LOOK AT THESE TYPE OF SCAMS BECAUSE THIS IS THE MAIN SCAM THAT CAUSES USERS TO LOSS THEIR HARD EARNED MONEY.
This is the very dangerous scam from above all, that I had told you earlier.
You can read my first scam and second scam that I had explained you earlier. This type of scam is mixture of those scams.
This is for this post.
I will summarize all the crypto scams, that I had written in this post and my previous posts my next posts.
Thank you for reading.
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