Nothing but a mathematical fraud. - page 2.

Andrija Branislav

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Quote from: tvplus006 on April 29, 2023, 03:50:51 AM

Quote from: FirmWars on April 21, 2023, 06:10:16 AM

...What do you think about this project madness? Will you dare invest in a project like this?

New meme coins are designed for pump & dump. And if you are close to the dump organizers or the team, then you have a good opportunity to make a profit. In all other cases, you will be the one who loses your money. But to reduce your losses, you can use a stop loss.

I'm sure there will also be those who are tempted to jump on the bandwagon of the latest coin meme, It's true as you say Many of these coins are designed as a pump and dump scheme, meaning that only a select few will make significant profits while the majority of investors lose their money.

tvplus006

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To the Moon

Quote from: FirmWars on April 21, 2023, 06:10:16 AM

...What do you think about this project madness? Will you dare invest in a project like this?

New meme coins are designed for pump & dump. And if you are close to the dump organizers or the team, then you have a good opportunity to make a profit. In all other cases, you will be the one who loses your money. But to reduce your losses, you can use a stop loss.

ElmedoRator

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Quote

mathematical fraud.

What is it ?

Although when reading the content you shared about PEPE I did think of the problem that this market always has such low quality stuff and many people try to exaggerate it to make a profit. It is understandable that in the context of a period when the market is not very prominent, damn products are formed to bring a less gloomy atmosphere, although the current market seems to have many positive signs than at the end of 2022, but overall, memecoin is still one of the easy ways to attract people who like quick and risky profits, it's like a gamble or multi-level models.

gaston castano

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In conclusion, investing in a project like PEPE or any other cryptocurrency requires thorough research and analysis. It is essential to consider the project's features, team, and long-term potential before investing any money. Moreover, investing only what you can afford to lose is a prudent approach, given the high risk involved in the crypto market.

bluebit25

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The psychological manipulation game hits people's greed, many people just look at the numbers and the profits described without really seeing the true nature of the problem what it is. In addition to the illusory hype, after grasping the time to catch the money flow into the market more easily, especially when many developers realize the event after the ARB airdrop, there will be a lot of money to spend. distributed to many other projects. And the fact that many people are inexperienced they just like to profit but have not experienced the difficulties in this market, and the lessons that I think about scams,... will all be experienced by everyone entering this market.

wxa7115

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Quote from: bittraffic on April 23, 2023, 01:30:15 PM

Quote from: FirmWars on April 21, 2023, 06:10:16 AM

What do you think about this project madness? Will you dare invest in a project like this?

A lot of people said the same thing when SHIB come out and made crypto newbies millionaires. When it's just a memecoin, anyone will ignore it until they see the price is jumping to the moon and then they run fast to buy billions of the token thinking it will be pumped more because, in the rich list, there are more holders who forgot to sell.

It may not be over yet but it will take months again before you will see price spikes of PEPE so don't bother buying because another memecoin like Doge will go up the next or it could be Floki Inu token.

What those people miss is that it is precisely their attitude of buying a meme coin late what causes the price to remain high, if someone is interested in investing in a meme coin, something which I personally do not recommend or endorse, then they need to do so at the early stages when the price of the coin is really cheap.

If they wait for the meme coin to become popular then they have missed most of the positive movement already and the chances they become bagholders go up significantly.

bittraffic

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Quote from: FirmWars on April 21, 2023, 06:10:16 AM

What do you think about this project madness? Will you dare invest in a project like this?

A lot of people said the same thing when SHIB come out and made crypto newbies millionaires. When it's just a memecoin, anyone will ignore it until they see the price is jumping to the moon and then they run fast to buy billions of the token thinking it will be pumped more because, in the rich list, there are more holders who forgot to sell.

It may not be over yet but it will take months again before you will see price spikes of PEPE so don't bother buying because another memecoin like Doge will go up the next or it could be Floki Inu token.

Hispo

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No, I do not invest in shitcoins or meme coins. I would not even call buying those as an actual investment but rather some form of gambling. First you need to gamble and put the money in the coins you think are going to moon. It is like playing mines on an online casino.

In the case you got lucky and the shitcoins you picked started to pump heavily, then it turns into a match of crash, where you need to decide when to crash out before the coin gets flat lined, sometimes it can be very unpredictable, since the developers could also decide when to pull the rug.

Those projects are mostly scams and their own economy of the protocol can be in control of the own developers so they can manipulate the volume. It is better just to stick to Bitcoin and reliable altcoins, if you ever feel like gambling just take a look to the gambling section here in the forum. Roll Eyes

gurunanakji777

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In order to create hype, a certain kind of show is presented, but in reality, it is very rare. Some people think "if only I had bought some coins, I would have made a huge profit today," but we should remember that only one out of a hundred coins experience such a pump. Otherwise, most of these coins experience a rug pull very quickly. Now, be aware that many new coins will come out using the name "Pepe," but you cannot expect miracles from them. So, be careful and do not get trapped in the greed for big profits.

wxa7115

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Quote from: jacafbiz on April 21, 2023, 12:14:49 PM

I missed the $Pepe train but what people failed to grasp is that for every $Pepe token, there have been several hundreds of Meme tokens where they were rugged. I don't cry about losing money because I failed to grasp one opportunity because I am sure there will be another one to capitalize on. I just have this feeling about the $Pepe token that it is likely going to be one of the successes of this bull run, just like $Shiba did in the last bull run

I do not regret a thing either, all kind of coins pump all the time, but this does not mean this will continue for the long term for this coin or that the coin is any good.

Right now people are talking to no end about this coin, but the same was true for many other coins which got their 15 minutes of fame and then disappeared leaving a bunch of bagholders behind that regret investing in that coin, so despite the big profits being given by this coin I do not feel that I am missing anything, as there is no way I would have ever considered to invest in that coin.

smyslov

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This is what you call a well-orchestrated scam by meme coin, they know shilling, they know market manipulation and they know their prospects, they know how to instill FOMO in newbie investors and most of the time they succeeded and this meme coin is just one of them.
I stopped investing in this meme and hype coins I have bags of these sitting in my wallet and it's just so annoying you invest because of FOMO and now you can't sell it.
As long as there are people who cannot differentiate FOMO from a legit project, we'll see more shitcoins in the market, it's a cycle that never stops.

Bitcoin_Arena

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Quote from: FirmWars on April 21, 2023, 06:10:16 AM

I am not surprised at all because PEPE devs or team, whoever they are used mathematical scam to deceive those people, PEPE solves no issue we are facing in the crypto space, not a single one, yet people FOMoEd

Breaking News! Just like many other shitcoins around... Hello?

Quote from: FirmWars on April 21, 2023, 06:10:16 AM

What do you think about this project madness? Will you dare invest in a project like this?

Nothing new. It's just a pure gamble. The lucky few make abnormal profits while the rest end up holding bags

Personally, I would rather stick to my trading and DCA on well established coins. I am not the get-rich-quick kind of person.

wiss19

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There's nothing new in that, there are hundreds of memes and shit coins created every month, some of them manage to surface and get noticed by the community of people who think cryptocurrency is a get-rich-quick scheme and they start investing and also inviting their friends, and families to invest and that is how the hype starts to get real.

Once the price reaches a certain area, the initial investors surely exit with profits but the ones who enter late get stuck forever with millions of useless tokens kept in their wallets idle for years to come since the token is literally nothing more than crap.

o48o

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Quote from: FirmWars on April 21, 2023, 06:10:16 AM

I was able to find out that those who invested 50$ to 100$ where able to make 8,000$ and they cashed out, very expected from a human, that's already a big gain, but some wallet addresses failed to take profit and now they are sitting on millions, who does that? With a meme coin.
-cut-

Where did you get the data? Did you pick it from the chain or the charts? You do realize that coingecko and coinmarketcap records the price only after they get listed there. There are coins that have traded days or weeks before or if they are even listed in.

Here's the link to one reddit thread and a screenshot, i would like you see your research as well

Would i invest this now? Hell no. Would i have invest this if i've seen it earlier? Well i literally invested to Pepe Solana before this so maybe if i would monitor eth token launches. But i wouldn't have holded to million.

Bitstar_coin

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A project like PEPE are high-risk high-reward project, you can make a lot of money as well as loss a lot at the same time. Maybe the millions part was exaggerated a bit but from what I heard, some people really made the bank with pepe.
When you are lucky to get into a meme that has lots of hype and pumped so high you will then understand why the noise is much and why some people are pissed they missed out on such an opportunity, they can literally make good money with little investment, that's what most meme coins do.

wheelz1200

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Quote from: FirmWars on April 21, 2023, 06:10:16 AM

It's funny how people around you just pissed and ruined my day because they missed the crazy gains from PEPE, a shit meme coin that's making some noise online since two days now, it really got people good Grin

I mean those who missed out.

I am not surprised at all because PEPE devs or team, whoever they are used mathematical scam to deceive those people, PEPE solves no issue we are facing in the crypto space, not a single one, yet people FOMoEd

Some people claimed that 26$ was invested and turn 1.2million dollars, but from my own findings I don't think it's true and there is nothing to prove it either.

I was able to find out that those who invested 50$ to 100$ where able to make 8,000$ and they cashed out, very expected from a human, that's already a big gain, but some wallet addresses failed to take profit and now they are sitting on millions, who does that? With a meme coin.

I believe that the Devs are the ones using small amount of money to buy the token themselves, those who are really from investors are wallet that took profits before the millions of dollars gain became a thing. Do not be fooled.

Apart from this, PEPE has now opened a deceiving portal for investors, many will crave for a project like PEPE and the crypto space will witness a new numbers of King PEPE, PEPI INU, BSCPEP, PEPE Finance, something with PEPE name.

What do you think about this project madness? Will you dare invest in a project like this?

People will always put there money into get rich quick schemes, they have for eons not just with crypto but any kind of scam. Even when they know it's a scam they still cross their fingers and throw it in the middle. Simple word to describe this, greed. So long as there is a story of one person hitting it big there will always be followers. Sad because most will just lose their money. It's a zero sum gain. For one person to hit it big many have to fall victim.

jacafbiz

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I missed the $Pepe train but what people failed to grasp is that for every $Pepe token, there have been several hundreds of Meme tokens where they were rugged. I don't cry about losing money because I failed to grasp one opportunity because I am sure there will be another one to capitalize on. I just have this feeling about the $Pepe token that it is likely going to be one of the successes of this bull run, just like $Shiba did in the last bull run

ryzaadit

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You will always find the person who love to gamble.

Nothing can't handle that, one of the problem of investing is like this. Because people want to profit with a short time and they choose a scheme like this.

Never touch any kind of meme, If you don't want to lose.

Yogee

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Quote from: FirmWars on April 21, 2023, 06:10:16 AM

[.....] , but some wallet addresses failed to take profit and now they are sitting on millions, who does that? With a meme coin.

Don't dismiss the possibility that some people may have forgotten they bought this token before using an old wallet they seldom check. You may also find it hard to believe that there are a few individuals with "diamond hands". I believe there was even a Shiba Inu holder that became an instant millionaire but he didn't cash out.

ultrloa

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Quote from: FirmWars on April 21, 2023, 06:10:16 AM

Apart from this, PEPE has now opened a deceiving portal for investors, many will crave for a project like PEPE and the crypto space will witness a new numbers of King PEPE, PEPI INU, BSCPEP, PEPE Finance, something with PEPE name.

Not new thing happened on scam tokens sections since once there is a shitcoin became famous due to the hype it gets the other devs will create a same name with a twist just to get the attention of other investor. They also make believe that there's something cool stuff will happen to their token the same on what they are copying. To risky to invest on such things and much better not to think any of it to save up some cash.

Quote from: FirmWars on April 21, 2023, 06:10:16 AM

What do you think about this project madness? Will you dare invest in a project like this?

Nope I won't, this is classic scamming by token creators and will not let myself fall into this shit trap.

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