What stops normal people from making money on a rug pull?

1.11K viewsOtherTechnology

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

31 Answers

Anonymous 0 Comments

>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?

There is nothing from stopping you from doing this but there is also nothing stopping you from losing all your money because you pulled out too late or your selling crashed the price to below what you paid for your coins – i.e. it is a massive gamble for you.

The founders get around this by having very little money actually invested in the crypto as most of their expenses involve hyping up the crypto. They are also in control of ~~enough~~ all of the crypto to start with so that they rarely lose out regardless of how much they manage to sell before the market collapses.

You are viewing 1 out of 31 answers, click here to view all answers.