This year brought considerable growth to the crypto community. In particular, Bitcoin regained much of its lost value and is on its way to fresh new all-time highs. Along with this added value comes a host of Bitcoin scams. Unfortunately, the unregulated and private nature of the market makes it ideal for scammers seeking to prey on new investors.
Bitcoin has a tendency to attract a lot of attention when it enters a bull market. This attention helps to drive new users into the market. Problems arise when new investors lack the experience to identify common Bitcoin scams, including fake ICOs, shady trade groups, and fraudulent exchanges. Analysts agree that only an education can prevent users from falling victim to these ever-changing schemes.