Trying to survive in a field full of scams, will be the most difficult for the Crypto newcomers in the next bull market. We should take it as our responsibility to warn them.

Most of here may not the biggest pros while trying to trade for profits but we all have one very important thing, that is arguably the most precious: Experience. Everyone can train hours in a day to be a good trader and they will become one, but gaining experience takes it‘s time no matter how good you are.

Sadly, this is exactly what all of those newcomers/tourists or however you want to call them, don‘t have. While we should remember that we once were just like them, new and with no experience trying to become “rich quick“ until realising that only slow and steady wins the game with the safest investments like Bitcoin and Ethereum.

We all have seen how during the peak of the bull market there were new scams every day popping up, promising to be the next big thing but rug-pulling users a bit later. Now during the next bull run this will be even more extreme as multiple scams will have survived till then (notably Safemoon) wanting to take all the new investors.

In this case I would say that it is our responsibility and task to assure that those new people do not fall prey to such scams. We should be warning them and here are a few possible ways of doing so:

• Take questions by newbies seriously, even if they are just something like “Can SafeMoon reach $1“ and educate them why it is not possible.

• Regularly give advice and tips to those newcomers about self-custody etc.

• Give out warnings for the latest scams/rug-pulls.

• And most importantly, don‘t laugh at them just because they are new here.