SQUID GAMES TOKEN CRASHES - page 5. | Bitcointalksearch.org

errorcode99

member

Activity: 199

Merit: 59

Quote from: oHnK on November 01, 2021, 11:33:12 AM

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped. I can't afford to think of those who got stuck at the top and took all the losses on those tokens. Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

Indeed, the squidgames hype these past few weeks has attracted the attention of many people. But in the real world, crypto is the same as ordinary shitcoin and of course they have to realize that not all hype will be famous everywhere, and now everything has happened and for those who bought it at a high price, don't say on the forum there is no warning about the dangers of fomo and shitcoin, thank you

sunsilk

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Activity: 3038

Merit: 634

Quote from: Eureka_07 on November 01, 2021, 04:41:52 PM

Quote from: sunsilk on November 01, 2021, 04:30:51 PM

AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

THere are lots of buyer of this coin. Since this coin was hypedd by the series it would be a not so hard task to advertise the coin. Having also the other meme coins being bullish recently such as shiba, I would not wonder how people can be attracted easily to this kind of non-sense coin.
People should always be warry on everything before investing into these kind of projects.

Not, this coin isn't hyped by the series but this coin and the developers rode the hype of the series. They saw an opportunity to make a coin that's named after the successful series of Squid games. I bet that there's even no consent from the Squid game itself to the franchise and use the name for this project.

So, it's a complete steal for this project and the investors of this coin should've noticed that already and didn't invest in this coin. A lot of people will learn from this meme coin and invest in the right projects.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: Bitbtc8 on November 01, 2021, 02:06:32 PM

SQUID is a scam project and it won't be the last so before FOMOing out on a project make sure they have real team and developers behind them, many meme coins out there have no team, the scammers just find an attractive web page design and lure investors in, you are the master of your wallet spend wisely

maybe many people want to take advantage of the current popularity of Squid games. So, with that they create the token and try to make something interesting to attract potential investors. however, such tokens are very clearly moving due to the hype and most likely won't last long. there are so many other examples that make projects based on trends and it falls on time or other trends.

JeWay

hero member

Activity: 952

Merit: 503

Quote from: TheMimic1 on November 02, 2021, 02:29:36 AM

Shit coins are pumping hard this days and people are always ready to buy that lottery ticket, I don't pity those that lost their money in this the fact is they must have saw this coming, if they are smart they would have invested 20-100$ depending on what they can afford to lose

Such things do not need to be pitied because they also know that getting into unlucky coins will always have more risk and losing money is a very sure thing to happen, so there is no need to be pitied even though giving good advice is the right thing.

TheMimic1

member

Activity: 252

Merit: 13

Shit coins are pumping hard this days and people are always ready to buy that lottery ticket, I don't pity those that lost their money in this the fact is they must have saw this coming, if they are smart they would have invested 20-100$ depending on what they can afford to lose

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: oHnK on November 01, 2021, 11:33:12 AM

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped. I can't afford to think of those who got stuck at the top and took all the losses on those tokens. Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

What can we expect to this coin inspired by the current trend? Its bad for those who are late to ride but a huge profit for early birds. If you decided to invest in a coin relying on pure hype then expect a situation like this to happen. Its very risky investment and probably a lesson learned to investors who were left behind.

Stanlo

full member

Activity: 952

Merit: 110

Squid was a scam right from the beginning but people are just too desperate to fall for anything right now since doge and shiba did their thing, people don't do research anymore they only look into most trending cheap altcoins they can find, I'm sure those who are caught in this mess will learn or ignore crypto forever

HashingTower

member

Activity: 285

Merit: 11

$CYBERCASH METAVERSE

Quote from: oHnK on November 01, 2021, 11:33:12 AM

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped. I can't afford to think of those who got stuck at the top and took all the losses on those tokens. Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

I saw the project day one but after doing my research I knew it's nothing serious, the truth is some meme coins have determined developers and they aren't scared of showing their faces to the world, if the team aren't famous I'm not investing, if concept isn't genuine I'm not investing, this is also for every other projects apart from meme coins

sgenuine

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Activity: 854

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Quote from: oHnK on November 01, 2021, 11:33:12 AM

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped. I can't afford to think of those who got stuck at the top and took all the losses on those tokens. Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

I haven't bought it as I have read that it can't be sold so I understood that it would be a scam. It became interesting for me, so I decided to investigate a smart contract and I found out that it was created with proxy features it means that the owner was able to change contract on any logic. Developers updated logic 6 days ago to an unverified code and on the 1st of November they withdrew all the liquidity in the amount of $19 million from PancakeSwap.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

Quote from: zonefloor on November 01, 2021, 04:38:03 PM

What did you expect to happen? Did you expect this kind of shitcoins to keep rising forever? The inevitable last took a little longer than other shitcoins, that's all. It was released thanks to the series. The series became popular around the world quickly, and thanks to this popularity, one of the team came out and poured the money into them. In fact, according to what I heard, their team said that they would no longer support the project. Soon it will be completely reset and disappear from the market.

very sad, it seems that many of the victims are ordinary people who may only be fans of the film that is currently viral on social media. the amount of information about the coin that is spread by social media that has many followers also supports the promotion of this coin. can the developer be sued by his actions?

Rengga Jati

hero member

Activity: 2072

Merit: 656

royalstarscasino.com

Is this because of the Squid game movie from Korea that is very hype?
Actually, I watched this movie and I also like this movie much,
But, to follow the token, well, I am afraid that this is only a hype token like other tokens created by hype. It may pump but once this has no really good and string fundamental or real use case, this token will be the same as the shit tokens.
But, let's see how the developer also attracts investors and maintains this token to be able to survive in this market and make something new not only because of hype.

Yogee

sr. member

Activity: 1554

Merit: 413

This is from the article,

Quote

Someone is trying to hack our project these days. Not only the twitter account @GoGoSquidGame but also our smart contract. We are trying to protect it but the price is still abnormal. Squid Game Dev does not want to continue running the project as we are depressed from the scammers and is overwhelmed with stress [sic]. We have to remove all the restrictions and the transaction rules of Squid Game. Squid Game will enter a new stage of community autonomy,

They wanted to fight the scammers by becoming the scammers themselves and now they want to continue scamming with another token hehehe. You have to be a complete idiot to fall for them twice.

I watched a video of a streamer covering this token while it was still up. His reaction was too funny when it dropped to zero seconds later.

Those who bought this are probably the same type of "investors" who bought Shiba and cashed out.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: sunsilk on November 01, 2021, 04:30:51 PM

AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

THere are lots of buyer of this coin. Since this coin was hypedd by the series it would be a not so hard task to advertise the coin. Having also the other meme coins being bullish recently such as shiba, I would not wonder how people can be attracted easily to this kind of non-sense coin.
People should always be warry on everything before investing into these kind of projects.

zonefloor

hero member

Activity: 1876

Merit: 524

What did you expect to happen? Did you expect this kind of shitcoins to keep rising forever? The inevitable last took a little longer than other shitcoins, that's all. It was released thanks to the series. The series became popular around the world quickly, and thanks to this popularity, one of the team came out and poured the money into them. In fact, according to what I heard, their team said that they would no longer support the project. Soon it will be completely reset and disappear from the market.

sunsilk

hero member

Activity: 3038

Merit: 634

I didn't buy this token but for sure a lot have bought it. If your trading and investing strategy lies on those influencers and you're just making yourself satisfy doing it as they do and say, you're making a mistake by putting yourself in a really bad situation.

These rug pulls will never stop because you're unsure with the developers of these projects. AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

Congyang

full member

Activity: 882

Merit: 110

hype in the real world and in movies and games doesn't mean there will be hype here lol

it is clear when the creation of this coin was only limited to hype from the real world, which indeed the squidgames hype was so wide.
on the other hand I don't understand why people see and buy this shitcoin Cheesy

Do they think it will be the same as the hype in the film world? Cheesy

This is really funny and sad at the same time

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: oHnK on November 01, 2021, 11:33:12 AM

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped. I can't afford to think of those who got stuck at the top and took all the losses on those tokens. Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

Lol, never even bothered to check what this project was about. Just knew it was taking the advantage of the hype around the netflix show. How stupid do people have to be to fall for such scams? I don't feel bad for them honestly. I guess they thought you could be making huge profit overnight. There grammatical errors and typos on the whitepaper. There were things written that had no explanation and yet people thought it was a legit project. At least they have all learned their lesson.

Tumanggor

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Activity: 1050

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1xBit.. recovered their reputation

Quote from: finaleshot2016 on November 01, 2021, 01:38:56 PM

That's a massive rug on this 2021 Q4.

Quote from: Tumanggor on November 01, 2021, 12:10:04 PM

sorry for those who are newbies who buy when the price of squid (shittoken) is high Cheesy

Well, shitcoins are shitcoins but they can earn pretty huge money instantly that's why most of them are risking their money on shitcoins.

their fantasy (newbie) that they will earn thousands of times more than their capital if they buy this shittoken but in reality, it's just a fantasy

the scheme is really very easy to guess, when something goes viral then scammers will take advantage of that moment to make a profit for them and those who are smart will profit but those who are greedy + stupid will only lose

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

I was about to look here in Altcoin Discussion board when I read it in my News Feed. I already expected it, since it is like one of those coins that tend to follow the trending stuffs right now, not just from books but also from these series or even movies. I feel bad for those who were holding it for the longer terms. I am not sure if the series ended, since I do not hear any news from it lately but from some coins to be made out of it just seems absurd.

Quote from: finaleshot2016 on November 01, 2021, 01:38:56 PM

~

I didn't expect that people here in our country would even buy the hype. I guess after the hype from NFTs, this also made them think that it would yield them a lot of profits. Quite right that those who are looking for quick bucks are just going to go into shitcoins.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

damn! now they're making tokens off of tv shows? that's actually pretty smart (and shady af) cos you don't need to that much marketing for it, just let the show's popularity and word of mouth do the job and let the newcomers fall for the hype

unfortunante for those who were left with the bags full of worhless crap but it's not the first time we've seen smth like this, pump and dump will always be a thing in the wild west aka crypto market

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