'Squid Game' cryptocurrency scams $2 million - page 14.

dimonstration

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Dimon6969

Quote from: Doell on November 02, 2021, 06:57:42 PM

the film is successful and becomes a hot topic ,maybe the coin will also be successful people will think like that then invest without thinking clearly that scammers will still be around with new product ,another reason is that they think it's a coin released by the squid film or netflix platform although there is no such news well investment without thinking clearly will lose everything

For some reason, I think this is the right assumption since this project spend there marketing heavily on social media to target crypto newbie to be attracted on there coin that's name after the famous Netflix hit series. Many people speculate too much and some is not even realistic just to have a reason to buy this too good to be true hype token.

There's a lot of coin like this and the best example was all the baby tokens such as baby doge, baby matic and baby cake. And other Project that using the name of other famous coin just to caught the attention of investors and get that same hype.

bayudndy

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Perhaps the losers aren't long-timers in the field because projects like this are really recognizable because the products they create are so amateurish. Only inexperienced and greedy people think making money with crypto is simple, anyway condolences to those who lost money with this damn project.

Doell

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Activity: 2072

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the film is successful and becomes a hot topic ,maybe the coin will also be successful people will think like that then invest without thinking clearly that scammers will still be around with new product ,another reason is that they think it's a coin released by the squid film or netflix platform although there is no such news well investment without thinking clearly will lose everything

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Sethrey on November 02, 2021, 07:27:27 AM

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff?

Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

It was expected. I read an article and there were way too many red flags, yet people still invested in that token hoping to make some quick profit. Not being able to sell their tokens ("anti-dump mechanism" is what the scammers called it) was another huge red flag. Even crypto aggregator sites like coingeko issued warning and didn't list them on their site. Don't know why coinmarketcap did. They warned users, but it was too late. Anyway, are you here to shill for this coin you are talking about? Don't.

Quote from: nimogsm on November 02, 2021, 12:19:58 PM

I'm not surprised that this happened.These events with meme tokens should already teach people that nothing good will come of it and this is all lottery level.Losses will be for many and only the creators will have a profit.

Why is everyone calling this a meme coin. It wasn't a meme coin.

Jackl87

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Activity: 1722

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Quote from: Sethrey on November 02, 2021, 07:27:27 AM

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff?

Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

I just hope that everyone that invests in such meme-coins or sh*it-coins only invest an amount of money that they really can afford to lose without it having any impact on the daily life of the investor, because in crypto in general and especially with meme-coins the risk is extremely high that you lose all of your money and i also think that now the chance to hit another meme-coin that will moon like Shiba-inu did a few weeks ago is not exitsent anymore, so i would advice anyone to stay away from meme-coins now. The worst thing that can happen is a scam like the guys from Squid did and the other possibility is that the project is just dead in a few weeks which also results in a total loss of your investment.

Valak

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Activity: 743

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On the other hand, with the development of technology and the adoption of the crypto industry, anyone can create a new cryptocurrency. Many developers release tokens or coin memes with various unique names such as Squid Game, rugpul is inevitable and careful.

nimogsm

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I'm not surprised that this happened.These events with meme tokens should already teach people that nothing good will come of it and this is all lottery level.Losses will be for many and only the creators will have a profit.

Koro-Sensei

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Activity: 658

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Quote from: Snappycoco on November 02, 2021, 10:45:43 AM

This coin is a perfect example of a rug pull project that utilizes the hype behind the name. Lots of projects are doing this so I think those who invest are dumb enough to not think before entering such extremely high risk investment. Thats why it is very important to invest to fundamentals rather than hypes. Wreckless investing will teach you how research is a must.

Yeah agreed. They used the name and hype of squid game movie that draws investors in and dump as hard that it could be. I think lots of this could potentially be coming out still and many more will be get caught of this scam. Just like how Elon promotes Doge even it having no backed fundamentals.

X-ray

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Leading Crypto Sports Betting & Casino Platform

Quote from: Sethrey on November 02, 2021, 07:27:27 AM

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

I would like to call those people scammer rather than a group with no affiliation. They have gone with million dollars of money right now and so many medias were paying their attention on it. This is crazy how people didn't even think the creator of this garbage coin has not yet revealed their identity and still remain anonymous.

Quote from: Sethrey on November 02, 2021, 07:27:27 AM

So the question is how people still believe in all that stuff?

People are expecting to be millionaires in short time through investing in the shitcoin and so many people keep doing this right now. Im also seeing it even there are more and more tokens have been rug pulling the investors about that. So many people are loosing their mind caused by they were being so greedy to get instant money through investing in the shitcoin.

Quote from: Sethrey on November 02, 2021, 07:27:27 AM

gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

It will never end as so many scammers keep coming with more and more shit token. So many people are still beliving if they can be rich person in short time through investing in the shitcoin.

Gorosden

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$CYBERCASH METAVERSE

I've seen three types of token using the name squid and yes all the three are scam, since crypto is growing more and more many people are trying to take things into their own hands, they also saw how great doge and shiba became so they look for another doge and shiba only in a wrong way, I'm pretty sure they've learnt

Tigerheart3026

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i was a bit confused because i have seen provably yesterday a bounty campaign launched name is squid token btw i'm wrong it's another coin and cmc listed coin.
how memecoin investors did that a coin was 1 cent to 2860$ omg and finally they are suffering to lost in shitcoin investment.

Snappycoco

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Activity: 534

Merit: 19

This coin is a perfect example of a rug pull project that utilizes the hype behind the name. Lots of projects are doing this so I think those who invest are dumb enough to not think before entering such extremely high risk investment. Thats why it is very important to invest to fundamentals rather than hypes. Wreckless investing will teach you how research is a must.

RiskySanchez

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Activity: 588

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Quote from: Sethrey on November 02, 2021, 07:27:27 AM

On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff?

Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

I just found out about this news in WhatsApp group with the news "Coin Market Cap has issued a warning has received many reports of users unable to sell this token on Pancake Swap, or any popular decentralized exchange because This coin indicates that there is anti-dumping technology that prevents people from selling their coins if certain conditions cannot be met." wow i think its risky if someone fall into the coin trap, as we know Meme coin will never end because many investors are easily lured by news and market situations that are dominated by meme coins

watergold

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Activity: 1218

Merit: 251

I found out about this coin from an article which did exaggerate about it.
after I saw and looked at it, it turned out that the hype started to enter as a result of the popularity of this Korean film Cheesy

on the other hand I also wanted to follow this fomo but I realized this was the wrong thing.
and now it happened, and those who had entered there should have known the risks would be like this.
so this is the end of this meme coin don't scream because they are gone because surely you already know the result will be like this

judeafante

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Activity: 2254

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I did not invest here I have seen this being promoted in social media there are so many red flags, I just knew there will be a red flag and they can do rug pull anytime because it is a meme coin from a movie and this is the kind of scheme that scammers usually use to hype a coin then do a rug pull, investors never learn that if you are going to invest in a pump and dump coin be sure to moderate your greed, do not invest or if you invest only invest what you can afford to lose and get out when you are in profit.

Sethrey

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Activity: 916

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On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff?

Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

Topic: 'Squid Game' cryptocurrency scams $2 million - page 14. (Read 1910 times)