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Topic: What do you think about Squid coin? - page 2. (Read 304 times)

full member
Activity: 680
Merit: 103
October 30, 2021, 10:37:53 PM
#18
Based on the South Korean series "The Squid Game" from Netfliix, a platform called Squid Game was launched on the BSC network with a SQUID token that cannot be sold after purchase. Squid Game is a cryptoplatform for games and earnings. An online competition with six rounds will begin in November. To participate in each of the rounds, you need to pay a certain amount in SQUID tokens, which increases as you approach the final.
In the sixth and final game, the entry fee is 15,000 SQUID or $100,000 equivalent.

The pre-sale of coins began on October 20, and, according to the official technical document, the entire offer was sold out in a second. SQUID has risen in price from $0.01 to $6.80 in just a few days, and the token itself cannot be sold on PancakeSwap. The project says that the developers have provided an anti-dumping mechanism that prohibits investors from selling the coin under certain conditions.

So actually, I don't really trust this project.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
October 30, 2021, 04:40:49 AM
#17
Is this a coin you could recommend to someone else ?
Ask first ourselves why should we? Aren't we putting the money of the people we're going to talk about it at such high risk? You'll be liable for the loss of that person if you're going to recommend such a coin that you're not even sure about. I'll suggest bitcoin and ethereum and other altcoins that I'm confident that are good to invest but with this, I'll be putting my reputation to them personally in vain if I'll suggest a coin like this that there's no assurance and just built lately which doesn't have a clear future.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
October 30, 2021, 04:09:34 AM
#16
Do you see Squid continuing being bullish?
Scam token and you must read this as refference
https://finbold.com/warning-multiple-squid-game-token-investors-reportedly-cant-sell-squid/
https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains

People can get in but they can't get out. that means liquidity got trapped and only developers who can access it.

Are new investors late to grab themselves some squid?
It's better if you at least grab some latest news about that. People can't sell their tokens. If they can sell it and so many people will be dumping their tokens.
Is this a coin you could recommend to someone else ?
Are you joking, right? Why would we recommend a scam token for someone else?
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
October 29, 2021, 10:04:29 PM
#15
While I tried to check on CMC, I read about:

Quote
"We have received multiple reports that users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise caution while trading! This project, while clearly inspired by the Netflix show of the same name, is unlikely to be affiliated with the official IP."

You should be careful trading that token as we do not know if the project can increase or go down for more.
Yes, the price can increase quickly, but that token was only listed on Pancakeswap so I think that token needs to be listed on the major exchanges to continue getting a bullish trend.
Without that, I am not sure if that token will attract the investor's attention.
The important thing is you need to be careful to trade on that token.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
October 29, 2021, 09:16:05 PM
#14
Do you see Squid continuing being bullish?
There's nothing as a continuous bullishness, if you mean on the short term then it's highly possible but everything has its exhaustion and likely oversold area.

Are new investors late to grab themselves some squid?
You just said it's new and I think it's not yet late in this FOMO. Just a word of advice that it always carries risks and since it's new and market cap is not yet huge and even huge ones aren't an exemption to pump and dump scheme.

Is this a coin you could recommend to someone else ?
Hell no, especially for a newbie, perhaps those who have risky appetites and those who have some money to be spared or can afford to lose.
sr. member
Activity: 1008
Merit: 308
October 29, 2021, 05:53:56 PM
#13
Just found out an interesting article[1] about this squid game, it is said that community had suspected squid game as a scam project.
People weren't able to sell the token on pancakeswap, not to mention CMC has given a warning note on its token page[2].
You would find more red flags on the article below  Tongue

[1] https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains
[2] https://coinmarketcap.com/currencies/squid-game/
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
October 29, 2021, 04:37:44 PM
#12
Someone will always take advantage the current hype of something and with this one, the hit series on Netflix become a crypto fooling people that its actually part of the original Squid Game which is not at all.

I see the current pump is just a pure hype and will die later on so better to be careful and if you think its too late to buy now, better to look for other opportunities.
hero member
Activity: 3010
Merit: 794
hero member
Activity: 2996
Merit: 609
October 29, 2021, 03:38:25 PM
#10

Not a fan of any coin or token that was derived from a certain show or personality.

Even trading it by fun can't lure me. And now with that insane 2,400% gain, it's common that others will be on FOMO status. It's not that we have seen this for the first time in the crypto world.

People should already know the drill and at least know what's the best approach in a situation like that.

You should really be careful on dealing with certain hypes which is derived from current trends on the market specially on movie industry or even with those casual trending status which they do really make some attachment into a particular coin.

The people would only make out profits is to those people who had able to get in too early but other than that then you are just simply
making yourself a risky move because high chances that you would really get caught yourself into the dump which would really
leave you on long term hodling.
full member
Activity: 1008
Merit: 104
October 29, 2021, 03:13:05 PM
#9
Using a busy service is a great way to trap newbies with coin memes called Squid. It is inevitable that there will always be many who are interested in buying, even though the unavoidable risk will only cost us our money. It can be easily discarded and then reappeared under a new name according to the hype.

Recently, coin memes have become increasingly popular, and even coinmarketcap and coinecko have listed memecoin names as the most frequent trend.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
October 29, 2021, 01:42:09 PM
#8

Not a fan of any coin or token that was derived from a certain show or personality.

Even trading it by fun can't lure me. And now with that insane 2,400% gain, it's common that others will be on FOMO status. It's not that we have seen this for the first time in the crypto world.

People should already know the drill and at least know what's the best approach in a situation like that.



legendary
Activity: 3752
Merit: 1415
October 29, 2021, 01:33:02 PM
#7
I have just learnt of Squid coin which is based on one of the popular Netflix shows "Squid Game" and is already trading on the markets and has posted some big gains in the last couple of days too.
SQUID is already trading above $2 which is a 2,400% gain , and its market capitalization is above $174 million which is huge for a new coin!

Do you see Squid continuing being bullish?

Are new investors late to grab themselves some squid?

Is this a coin you could recommend to someone else ?

Rediculous at best.  There is no reason for that to even be a thing.  These tokens are all just ponzis.  People hoping other people buy it higher then they did.  Straight gambling that's all that this is.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
October 29, 2021, 01:23:11 PM
#6
I saw there  ads often times on Facebook during there initial sales, I thought no one will gonna take seriously on this coin because the developer is clearly just using the hype of the famous squid game show for there own sake. I was surprised seeing this speculation thread about asking the future of this coin and more amaze that the marketcap exceeds 100M USD. This is a total mayhem from I any angle I want to view this project and people is still putting huge money for this coin. Stay away while you can. They are using other franchise name as there own so if this team has a legal advisor on there side, They will not pursue on this shit idea.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
October 29, 2021, 01:17:23 PM
#5
Would never recommend to anyone to invest in a situation that relies on hype just because of the trend of the Netflix movie series, then used to trick fans as if it was their token.

That would be very reckless and even those tokens have been revoked liquidated and are now abandoned by the developers after taking profits.

The gameplay is the same as in the movies, but will only kill buyers in the market and be difficult to resell. So it's too risky to follow the trend that scammers are trying to present.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
October 29, 2021, 12:06:48 PM
#4
I won't recommend that with anyone I know.

The gain of it is worrying because it could do a rugpull anytime. Those that have bought early, they're good as taking their profits at any time before some unexpected things might happen.

Do not caught by hype guys.
sr. member
Activity: 2016
Merit: 283
October 29, 2021, 11:14:10 AM
#3
It's not yet available in trading view? I have see a squid project but you can pair it with bnb only and can be trade in just 2 exchange such UNISWAP, PANCAKE SWAP but the price is below $1..  Btw it's not surprising to see such hype if that coin really exists mate because indeed squid game is a very popular movie, so very normal that the project itself cannot get more attention in the internet. ..and fyi that squid that I've mentioned above is up by 200% as well which very amazing.. But sad to say not yet available in other exchanges like binance.
legendary
Activity: 2478
Merit: 1492
October 29, 2021, 09:45:21 AM
#2
Someone tries to hype on a famous tv-series, that is it. I think squid hype will end in a couple of months. Just wait for Musk to tweet something new and squid coin will be forgotten. Besides squid coin there is squid nft already. I think this will have more long "living" period, as NFT are in trends right now. And I think that as soon as squid coin gets a copyright claim, it will die.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
October 29, 2021, 09:32:21 AM
#1
I have just learnt of Squid coin which is based on one of the popular Netflix shows "Squid Game" and is already trading on the markets and has posted some big gains in the last couple of days too.
SQUID is already trading above $2 which is a 2,400% gain , and its market capitalization is above $174 million which is huge for a new coin!

Do you see Squid continuing being bullish?

Are new investors late to grab themselves some squid?

Is this a coin you could recommend to someone else ?
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