Topic: Avoid Scam Tokens in the name of late Queen Elizabeth (Read 526 times)
The easy thing to do is to make a token that carries a name or brand that is popular, as we know that the death of Queen Elizabeth is trending in various media, all the latest news from the BBC, Twitter, Facebook with the Elizabeth tag will get a big response and attention , but we must be aware of people who take advantage of the moment for scam use.
The easy thing to do is to make a token that carries a name or brand that is popular, as we know that the death of Queen Elizabeth is trending in various media, all the latest news from the BBC, Twitter, Facebook with the Elizabeth tag will get a big response and attention , but we must be aware of people who take advantage of the moment for scam use.
indeed it can make it easier for us in terms of marketing, but without a clear and targeted product can it last a long time, because what happens as you describe, it is possible that there will be hype that will take investors' money away from circulation, and make the project name bad so that not getting investors' trust anymore. this is the same as in the past using influential artists to endorse a project, where they didn't know anything about the project so it ended up being abandoned 
Thanks for the heads up OP, i expected this sort of thing to happen, i mean, for anybody who has been in the network for sometime now, they will know that scammers are always pretty quick and inventive to use whatsoever is trending to deceive people pretty fast, and before the warnings and awareness starts to spread, some people would already have fallen victims. There are quite a lot of scam tokens out there, it doesn't even matter the name they are in, most of these tokens are to no good, thus people should avoid them completely and choose coins that have utility and is sustainable for the long period.
The crypto world with its convenience and freedom makes it easier for fraudsters to carry out their actions. It's better to be careful and learn more for all not only beginners in the crypto world, because fraudsters will take advantage of every moment and way to launch their actions.
Goodbye Queen Elizabeth
Goodbye Queen Elizabeth
True, but as investors, we can handpicked with project to invest or not. If we think that it will be a scam like the one being proliferated right now due to the death of the queen then we should stay away from it and never give the fraudsters to get money from us. And as such, we know that this project is just short term, after the hype of the death by the Queen, all of them will also be disappear. So I do agree that everyone should avoid this tokens at any cost, not even a single satoshi should be 'donated' to this scammers.
It's true that we should avoid this token, because Ratu's death is used as an arena to cheat and take advantage of the hype that is happening, we must be careful because in the crypto world, the full responsibility for our funds lies with ourselves.
We all know that there will be some people who'll take advantage of this kind of occasion. People with no heart won't care about empathy and compassion, if tragedy can give them profits then why not?. You're right, the popularity of Queen can be used for the wrong intention, this is important to rise awareness about this, especially for newbies who only chase profits. Those who got trapped in this kind of project only care about hype. Saddening.
We are in the crypto market, which is a free, open market where people can do whatever they want.
It's sad that there are people who have taken advantage of a person's death to profit, but there is nothing we can do to stop them, the best way is not to invest in scam projects and pretend like this.
The death of Queen Elizabeth II is a mourning for the whole of England, but there are still people who use it to do evil things, for me I am really shocked to see this happen. Stay away from projects like this, don't abet evil.
In my opinion, the investors have become a lot wiser, but the one thing that most people can't control is greed, their idea of getting rich quickly is something that never fades. They knew these tokens, memes, NFTs were 100% scams, but because they thought they were smarter than those scammers, they jumped into investing thinking they'd get out of it as soon as they made a profit. But no, they can't because the profit the scammers make has blinded them and they no longer remember their original plan. In the end, they are still the ones to bear the consequences.
this cryptocurrency market is so greedy and people who are obsessed with 10X to 1000X profits who even buy meaningless tokens just because they want the 10X to 1000X profits, of course many people know they are shit tokens, but they buy for do the pump and dump scheme, and whoever is lucky enough to have bought early gets a lot of profit, that is, many people rush to buy shit tokens early so that after the pump and dump is done they can make profits. even if you warn them that this altcoins or token is not something serious, it is not something honest, it is something immoral and it is disgusting because they use the name of someone who has already died and has nothing to do with the project, people run to buy it anyway early because they want to make 10X to 1000X profit on pump and dump scheme. you can see it on certain youtube channels talking about shit tokens and people getting excited to buy them. it is a sad and shameful situation what has been seen in this market
Meme coin creators keep things ready to create a coin according to the situation and make the best profit and fade out of the market. In the last few days it is possible to see a very big list of tokens being developed a some even got good bounce, which is a true manipulation. Yesterday onwards it was Charles lll on tokens as he taken the role as the king.
Basically, scammers use these types of name. They managed to create a hype in the market for short term but they ended up getting out of that project. After that he tried to scam again with another project. But now investors understand the strategy. Due to which such projects do not get a chance to stay for a long time. But nowadays scammers use names that are more acceptable to people. It could be the name of the famous person, a movie or something else. 
Even before, it's common and usual to see some sh*tty projects that uses famous brand name even they are not directly affiliated with it e.g movies, hype coin, name etc. Mostly turned out scam, slowly dies, or their respective development is now stopped leaving their investors and believers hanging in the air.
Above all of this, I can't imagined why there are people who still shows interests on this kind of projects even there are lots of worthy coins to choose in the market. Even experienced ones still got fall on this. It shows that many people still got easily carried by the hype regardless of the brand name.
I definitely believe that we shouldn't consider this to be a "smart" investment. But a friend of mine got into one of them very early on, and got out at x8 profit lol. I mean thats the problem with crypto, you could literally know something is a scam and you could still end up investing into it and still make a profit from a scam. In all cases you should at all times avoid investing into a scam and ther isn't a single reason you should invest into it. But at the end of the day how are you going to explain to people who made x8 profit from a scam to stay away from them in the end?
Those who enter early before the hype will always benefit. but those advantages are the big losses of many people who start getting into these scam projects. This kind of token has always been an attraction for token hunters, but some of them do not know what dangers lurk, there will be more losses than gains. The 8x profit that your friend gets will certainly be luck for your friend or even your friend has realized that it will be a scam in time and sell when the price is still high.
There are only ways that stupid people like that will use, even though the deceased has just been declared dead, and they don't realize what that person did, that it's not good to do as humans, I honestly believe that everyone will not willing to invest the funds into the swindler's project, in honor of the late queen of england..
I truly find it very disrespectful that the people would even think of doing such a thing as a "Queen Elizabeth" coin. I believe it is a scam and they trying to foul the people into thinking that they are going to honor her memory by doing this type of thing.
Meme coin creators keep things ready to create a coin according to the situation and make the best profit and fade out of the market. In the last few days it is possible to see a very big list of tokens being developed a some even got good bounce, which is a true manipulation. Yesterday onwards it was Charles lll on tokens as he taken the role as the king.
I think anybody that falls victim to this is to be considered a glutton and greedily somebody. Because strategically, how on earth would you fall into such a petty trick all in the name of Queen Elizabeth? So absurd to me.
There will always be people who will fall into this trap, as they are thinking of possible gain.
Remember the squid token, even if it is not backed by the legit team, still people bought it.
The thought of possible profit is the main reason why they are buying even if they know it is a crappy or fake one.
But they should not blame anyone if they lose on this kind of investment, because it is all on them.
I think anybody that falls victim to this is to be considered a glutton and greedily somebody. Because strategically, how on earth would you fall into such a petty trick all in the name of Queen Elizabeth? So absurd to me.
This is a government-related person, if there is no official released statement of the state from their official website then it is obviously a scam. Anyone who believe this gimmick and buy this shit is a halfwit and shouldn't be in this space (coz probably he will be always be a victim of scam)
You couldn't expect such an announcement from the royal family and the government. There is no reason why they need it but these scammers do for their own benefit. How pity they are, these scammers take advantage of the situation as they believe that someone, an innocent individual will fall into their trick. And unfortunately, it happens always, a lot of people who make these scammers lives for scamming and people don't change, many keep still thinking about easy money in crypto, which in fact, it was not. This is a government-related person, if there is no official released statement of the state from their official website then it is obviously a scam. Anyone who believe this gimmick and buy this shit is a halfwit and shouldn't be in this space (coz probably he will be always be a victim of scam)
You couldn't expect such an announcement from the royal family and the government. There is no reason why they need it but these scammers do for their own benefit. How pity they are, these scammers take advantage of the situation as they believe that someone, an innocent individual will fall into their trick. And unfortunately, it happens always, a lot of people who make these scammers lives for scamming and people don't change, many keep still thinking about easy money in crypto, which in fact, it was not. 
I’m a little speechless. It’s really sad that even a dead person is being used to make money. From what it looks like, scammers really don’t shy away from anything. I can only advise anyone not to buy something like that. It’s all about making the scammers quick money and nothing else. I really hope not a lot of people fall for that. 
Scammers have always been selfish for their own desires, even if it means ruining a high established name. This is why if ever red flags already appear in the first place, then never give your trust on them and stay away in projects that you think will turn into scams in the end. Though newbies easily fall for this, but giving such awareness through avoiding scam tokens from the name of the late queen might be helpful for them not to lose their money in an instant. Of course, what scammers have in mind is money, so they will do anything for personal gain. Including using the late Queen Elizabeth's big name
to commit fraud, that's why we have to be careful when choosing projects for investment. Don't let us become victims of fraud and benefit fraudsters,
because we are moved by the late Queen Elizabeth. The crypto world is increasingly vulnerable today, fraudsters try all kinds of methods to trap
their victims.
Actually, if we are experienced in the crypto world we can at least distinguish which ones are fake projects, while what is worried is newbies,
who lack knowledge and experience. That's why I'm glad to have this kind of topic, at least it can educate newbies that they must be careful
in choosing projects for investment. In fact, I would suggest that newbies avoid investing in new projects whose risks are indeed very high.
Now, there have been a lot of new projects that ended up being scams, that's why newbies should just focus on investing in top coins first.
I’m a little speechless. It’s really sad that even a dead person is being used to make money. From what it looks like, scammers really don’t shy away from anything. I can only advise anyone not to buy something like that. It’s all about making the scammers quick money and nothing else. I really hope not a lot of people fall for that.
Scammers have always been selfish for their own desires, even if it means ruining a high established name. This is why if ever red flags already appear in the first place, then never give your trust on them and stay away in projects that you think will turn into scams in the end. Though newbies easily fall for this, but giving such awareness through avoiding scam tokens from the name of the late queen might be helpful for them not to lose their money in an instant. This so-called opportunity will not come a second time, in terms of human greed, in terms of grief they are still thinking about their pockets, is there no quality concept compared to having to make token jokes like that, everyone will think twice about investing their funds in this trash token, I really believe that everyone is really smart, if there is someone who still believes in the token, I can't understand his mindset..
It's sad to see scammers take advantage of any situation to get more money from scam projects, but don't trust the NFT trading volume on the market because it only lures investors to buy it before the NFT price gets higher. I think we should educate to prohibit buying that NFT in the respective crypto community because many beginners don't know the fact that meme tokens are just for pump and dump without utility. Jump to: