I’ve been wondering about it for quite some time, note that I know practically nothing how crypto market works.
Assuming you are jumping into a crypto project of a known scamer, like Mr. Logan. If you’re expecting it to be a rug pull, is there anything that stops you from pulling out AFTER other morons buy in and BEFORE the founders pull out crashing the value?
In: Technology
Consider that a pump-and-dump scheme is effectively the same as any other crypto and stock trend. Save for the single person (or group) at the helm, everyone else is simply waiting for what they see as the opportune moment to sell. The fact that it’s an orchestrated scheme doesn’t make any difference to all other holders. You are, of course, free to sell whenever you want. So, in effect, you’re asking, “Why don’t people just sell their crypto/stock when it’s at its peak? Are they stupid?” And the answer, as you can hopefully surmise, is that everyone is equally ignorant of future trends. How would you know when it’s at its peak?
> is there anything that stops you from pulling out AFTER other morons buy in and BEFORE the founders pull out crashing the value?
Yes. The same thing that prevents anyone from selling anything at the perfect opportunity: they’re not omniscient.
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