Will the pandemic result in more crypto scams?

[Josemendez]

Before the pandemic, cryptocurrency scams have been on ground. And the pandemic is in no way a thing that will increase cryptocurrency scams because it will still increase regardless of pandemic or no pandemic

What he actually meant was based on the fact that people were idle due to the pandemic .some of them will seek for ways to make money while others will seek for ways to scam others thus there is higher chances of increased crime rate

 

[Mayox25]

With the effect of the pandemic on the economy,the individual, and families, there are an army of people that are out of job and looking for ways to survive. This in turn can lead to the increase in scam activities in cryptocurrency and other aspects of economy, investments,so people must be careful not to fall victim to scammers.

 

[BrolySSJ]

All I can say right now is to always pray to god not to meet any of the scammers both online and offline, because recently I was scammed as well which is offline scamming, although is like a shock to me but it makes me learn more about them.

These circumstances and situations actually provide you with a great learning lesson and as much as it is sad and unfortunate that you have to go through this it is also important because it will allow you to be more cautious and more vigilant in the future when it comes to potential investment opportunities that may arise.

 

[Justin]

The pandemic is not responsible for crypto scam. The crypto scam is related to the rise of crypto currency market. The scammers saw profits in creating new coins.

 

[eLdavis]

Though even without the presence of the pandemic, scammers would still operate, as many persons want to make profit by all means even through fraudulent activities.

 

[Kelly5]

I don't think the pandemic will result to any cryptocurrencies scams. Cryptocurrencies scams will still prevail regardless of pandemic. That is a fact

 

[Melanie M]

Pandemic or no pandemic, there has always been crypto scams. But you are still correct, now that most people are jobless, they will use the opportunity to set up scam sites and cryptos to syphon from unsuspecting people. So we need to be always cautious about the type of crypto we deal with. This also applies to online investments.

Yep, and pandemic or no pandemic, there will always be online scams.
It’s difficult to scam people in person (still possible) but not as easy for a person or site to do it online. Very easy to do it online because it provides a certain level of anonymity. And the ability to hide. A whole site can vanish with your money. Where did they go? They’re hiding.

 

[kayode10]

Cryptocurrencies coming as been since the inception of cryptocurrency. even if there is no pandemic outside people are still going to engage in scamming fellow men.

 

[gammarays]

Yes it will increase crypto scams because most people are indoors and would always be online due to the lockdown. Crypto scams are on the increase now and people need to be careful.

 

[kayode10]

Yes it will increase crypto scams because most people are indoors and would always be online due to the lockdown. Crypto scams are on the increase now and people need to be careful.

It was even reported by a US popular magazines which is that the rate of scan generally online as increased by 45% during the pandemic outbreak. the major reason is that lot of people are in there so they look for another way to make money which is the internet.

 

[BrolySSJ]

The pandemic is not responsible for crypto scam. The crypto scam is related to the rise of crypto currency market. The scammers saw profits in creating new coins.

I do understand what you are saying here however if you look at the pandemic you can actually see that that has caused an increase in the number of people that are looking to earn online and this has quite a lot of people to get into cryptocurrency while they are working from home. So this is the link between the pandemic the cryptocurrency market and the number of scams that out there.

 

[Kingstone]

Because of the pandemic, people are left to salvage what they can find online. As a result, they are open to online scamming platforms and not only the crypto. The pandemic stopped businesses and people are glued to online business.

 

[BrolySSJ]

Because of the pandemic, people are left to salvage what they can find online. As a result, they are open to online scamming platforms and not only the crypto. The pandemic stopped businesses and people are glued to online business.

People have definitely moved towards an online system when it comes to the pandemic because of the lockdown restrictions that many countries have currently. It is not necessarily only cryptocurrency that they are getting involved in however cryptocurrency has seen a massive increase as a result of this because people are able to trade in cryptocurrency from the comfort of their home.

 

[delnovem]

Surely if the pandemic should continue people will have to fall back on the internet for reliable source of income and exchange of fee will be faced on crypto and there comes in alot of scammers

 

[BrolySSJ]

Surely if the pandemic should continue people will have to fall back on the internet for reliable source of income and exchange of fee will be faced on crypto and there comes in alot of scammers

People will fall back on online methods not only because they can do it from the comfort of their homes but also because it does not limit you to your region only in that you can earn from various different country opportunities that you would not be able to access physically.

 

[gammarays]

It was even reported by a US popular magazines which is that the rate of scan generally online as increased by 45% during the pandemic outbreak. the major reason is that lot of people are in there so they look for another way to make money which is the internet.

Yes,those scam developers were fully aware that people will be looking for money during this period so they used that to their advantage and minted many scam coins to collect the little they have.

 

[jeff87]

Even though there was no pandemic before, some people have always been desperate about making money and they are greedy. It's just that we always have to he careful and also be as wise as snake. We all need to be wise.

You are right even before the coronavirus pandemic scammers are already in the internet world.

They are much more in numbers because of the lockdowns. They could not go out but through internet in their homes they can still scam.

 

[BrolySSJ]

Yes,those scam developers were fully aware that people will be looking for money during this period so they used that to their advantage and minted many scam coins to collect the little they have.

This is a major concern on a global level and I think that even before cryptocurrency existed in the same scenarios had presented itself on many occasions and many people were actually scammed out of the money that they have. However I think that cryptocurrency has made a lot more prominent and a lot easier for these people to target their victims which is rather sad to see.

 

[Hena101]

Well, considering that many people are facing financial issues in the pandemic, some of them will surely have to break the law in order to get some money, so it's a sure thing that we will see more scammers

This is very very truth because people will begin to find ways of getting money and this will make a lot if people to fall victims of scammers.

 

[BrolySSJ]

This is very very truth because people will begin to find ways of getting money and this will make a lot if people to fall victims of scammers.

I think that it is very important that people are constantly educated on the different ways that these scams occur in order to try and curb how many people are actually falling victim to bee stings. Education at the end of the day is the key to ensuring that this does not go any further.