Apparently you can get rich even with scam coins. - page 3.

indijim

sr. member

Activity: 471

Merit: 250

Quote from: budz0425 on January 09, 2018, 11:30:00 AM

It is up to us how we are going to learn our lessons after incurring a mistake, yes we are naturally stupid but with the help of other people, friends and family and through personal experiences we are learning things, so if we wanted to get rich it depends on us how we are going to push to it.

I really love that quote, "We are naturally stupid." That understanding I think is so important in the crypto world, because it keeps a person with an open mind of unseen realities and possibilities. Being able to see things in different perspective, if one understands that we don't know everything.

indijim

sr. member

Activity: 471

Merit: 250

The volume seems pretty low, so I don't think anyone is getting rich off of this coin.

Bardman

hero member

Activity: 952

Merit: 516

The recent crash was probably needed. This cannot be sustained any more, you can't just ''invest'' your money on anything and get a profit, specially a fucking scam coin.

darito21

newbie

Activity: 28

Merit: 0

This is not only because of people buying them and placing buy orders. Pump&Dump groups pump lot of shitcoins daily, and after that people buy more because after the dump, coin is 20-50% more than before so people just buy them because they are cheap and are getting higher.

I used to buy in Cryptopia between $25-$50 of some shitcoins recently listed. After that I always place a sell order for 3-5-10 depending how many satoshies they costed me. I was lucky that some pnd groups picked some of this shitcoins and I got BTC when they hit my 3,5 or 10x sell order Grin

This is happening more and more. Lot of people also buy shitcoins because they know that maybe a pnd group could pick the coin.

psychedeligal

newbie

Activity: 1

Merit: 0

Quote from: Bardman on January 09, 2018, 11:02:14 AM

Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

I watched it pumped and LMAO. It shows there is really a ton of dumb money. And I myself am already pretty noob I believe because I am not a techie and don't quite understand the technicalities in whitepapers and all. But obviously this shows investors are even googling the coins they are investing in, because a simple search would have showed the scam CFD is (which is exactly why I didn't buy in). Now wishing I was dumb enough not to at least google the pros and cons of the coin. hahaha. But yes the level of dumb money is quite worrying and no surprise how weak these hands are in the current alt shitstorm.

kizumin

member

Activity: 131

Merit: 10

Quote from: Bardman on January 09, 2018, 11:02:14 AM

Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

Bear trap OP. Those order with high price not like infinite so we can't say anything.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

Hahaha you are very right, i have seen people making 100+ bitcoins by putting around 1 btc in a small coin and then they become rich in no time, recently Verge is an example.

Deubila

member

Activity: 252

Merit: 10

Quote from: SheepSuit on January 10, 2018, 02:30:39 AM

Its just a constant game of pump and dump. The annoying thing is some of these crappy coins get better returns than ones that are fundamentally solid. In the long run though I think it is still worth doing your analysis.

I really appreciate your comment. I've known coin builders community very well, on the right commercial site but it again scam later, though investors who know it very early also get a lot of profits. Therefore, the crypto market is very volatile, always be careful with your investment decision.

JavaLove

sr. member

Activity: 434

Merit: 250

Streamity Decentralized cryptocurrency exchange

Quote from: Bardman on January 09, 2018, 11:02:14 AM

Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

This is because people are buying just people other are doing it, without even checking the project.
Another example like this is Onion - ordinary alt, but surrounded by hype and people are buying it.

rundown44

newbie

Activity: 16

Merit: 0

Wouldn't you just love to go back to when railroads were invented ?
Wouldn't you love to have been there for the GOLD RUSHES ?
Wouldn't you have loved to get into the STOCK MARKET in 1922 ?

What stocks would you have picked way back when ?

Well - we don't have to go back - BECAUSE IT'S HERE !!!

Sure, there are some "useless" coins out there ( stop calling them SCAM's for goodness sakes - LIARS, CHEATERS, THIEVES, yes, but the word SCAM is not applicable here).

Hell - who wants to buy a GOLD MAP ?

Let's have your bids ... $10, $25,$50, $500 - SOLD to the gentleman in the brown stetson hat.

Get off your horse and drink yer milk (of human ingeniuty) YEE HAA

Brundon.
Try this ICO for size LOOK FOR THE RENTAL CONTRACT TYPE COIN ICO INSIDE THIS SITE - not mine duh
And if the hat fits - hold it ( for a long long LONG time)

g4r1n1m

full member

Activity: 238

Merit: 104

Quote from: Bardman on January 09, 2018, 11:02:14 AM

Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

ahha nice

you are not missing anything.. if its a scam coin, its also easily manipulated sometimes

Enjel

member

Activity: 70

Merit: 21

Quote from: Bardman on January 12, 2018, 07:14:29 PM

Quote from: SchlaWinner on January 10, 2018, 07:48:55 AM

People made a fortune with XVG, with Ripple, with so many coins that might not be blatant shitcoins but for sure dont have a unique selling point at all.

this is crypto, every hype can make you rich.

There is still a difference between shitcoins and literal scam coins or dead coins, same thing. I just find it funny that you can buy something that's a scam and profit from it even without knowing anything about it.

Times have changed... just a year or two ago none of this would have been possible... few ICOs, no "startup" coins, and every coin had to be backed up and examined extensively... people bought coins because they thought the technology would carry over.

Now it's just about the next fad. Blind money. No research. All hype.

I can't say that I'm totally guilt-free when it comes to this though.

cashjonny

member

Activity: 103

Merit: 10

ICO Live! betterbetting.org

I don’t know if it’s a scam or not . I honestly don’t care but it’s true that you can get rich by trading any coin in markets even if it’s a scam project . You just need to know when to buy and when to sell.

Bardman

hero member

Activity: 952

Merit: 516

Quote from: SchlaWinner on January 10, 2018, 07:48:55 AM

People made a fortune with XVG, with Ripple, with so many coins that might not be blatant shitcoins but for sure dont have a unique selling point at all.

this is crypto, every hype can make you rich.

There is still a difference between shitcoins and literal scam coins or dead coins, same thing. I just find it funny that you can buy something that's a scam and profit from it even without knowing anything about it.

SchlaWinner

full member

Activity: 131

Merit: 100

Invent Bacon-Coin and see me HODL

People made a fortune with XVG, with Ripple, with so many coins that might not be blatant shitcoins but for sure dont have a unique selling point at all.

this is crypto, every hype can make you rich.

germa66

full member

Activity: 168

Merit: 100

Quote from: woonwalker on January 10, 2018, 01:18:49 AM

Not sure how smart a long term strategy this is, but if you can time it right...why not?

still it makes everyone feel hesitant because when you play in the coin scam then the risk to lose the funds you have become larger.

Bardman

hero member

Activity: 952

Merit: 516

Quote from: iwouldntknow on January 10, 2018, 12:44:23 AM

Quote from: Bardman on January 09, 2018, 11:02:14 AM

Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

You have 500+ posts here but question if people are really this stupid and uninformed? You must not actually read anything. Shocked

I mean, I have seen plenty of shitcoins rise and whatnot but this one just seemed extra comical knowing it's a scam coin and the devs ran away with the money. I mean if you go to : https://coinmarketcap.com/currencies/confido/ and click basically any link or look at the chart, it's very easy to tell something bad is going on. First link which is their website literally says that their project failed and that they will try to refund people. Second link which is bitcointalk: https://bitcointalksearch.org/topic/annico-confido-trustless-escrow-payments-with-shipment-tracking-2173212 The first post in that link says ''FUCK YOU JOOST. WE WILL FIND YOU!''

I understand people are uninformed and stupid, I just never thought they could be this uninformed.

Bardman

hero member

Activity: 952

Merit: 516

Quote from: jacafbiz on January 09, 2018, 03:16:16 PM

Quote from: Bardman on January 09, 2018, 11:02:14 AM

Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

I don't think those people buying it understand the true picture behind the project, some people only buy coin because of price action and I won't be surprised that majority of those people are not.

Well that's exactly whats funny about this example. People bought a dead coin and then some other people bought more of it at higher prices. The fact that it still has 100k+ volume right now is just really funny.

Quote from: jerry0 on January 10, 2018, 02:52:34 AM

But thats only if you sell it when it gets very high right? I noticed there are many coins that go up in price and it seems like for no reason at all. So you mean buy a coin, then once it goes up a lot, just sell it for profit right?

Yeah, it seems that you can buy 30 random coins right now and if you hold long enough you get profit from all of them. There are indeed coins that go up randomly, I thought it was mostly pump up groups but it seems sometimes is just people stupidity

jerry0

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But thats only if you sell it when it gets very high right? I noticed there are many coins that go up in price and it seems like for no reason at all. So you mean buy a coin, then once it goes up a lot, just sell it for profit right?

SheepSuit

member

Activity: 140

Merit: 10

Its just a constant game of pump and dump. The annoying thing is some of these crappy coins get better returns than ones that are fundamentally solid. In the long run though I think it is still worth doing your analysis.

Topic: Apparently you can get rich even with scam coins. - page 3. (Read 963 times)