Crypto Scams: Want to Avoid Them? Here Are Five Red Flags.

“I do not trust crypto; it’s a scam.” Investors often say this when they talk about cryptocurrencies. They suggest that the crypto space, which is still young and developing, broadly does not inspire confidence.

Investors tend to let their guard down when prices go up. We saw it last year during the full-market euphoria. It was all about FOMO, or Fear of Missing Out.

On the other hand, the level of mistrust tends to spike when crypto prices fall, which they’ve been doing since January.

The cryptocurrency-price craze last November reinforced the idea that the crypto sphere was just bitcoin. But the industry is much more than bitcoin and other digital currencies like ether, dogecoin, tether and shiba inu.


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