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
Besides what everyone else has said, remember: the money has to come from *somewhere*.
With a lot of investments, there’s genuine value involved in the whole thing. Most stocks and shares are supported by the company making profits and paying dividends. Bonds and savings accounts are supported by someone valuing money *now* enough to pay interest.
That’s not the case with rug pulls, but there’s still money *going* somewhere. There’s exchange fees, plus the person *doing* the rug pull is making money. That money doesn’t come from someone paying for genuine, real value – it comes from investors who got the rug pulled on them. It comes from the people who lost money on the whole thing.
Sure, if you’re particularly good at reading the situation – and a bit lucky – you can make money on a rug pull. However, the deck is stacked against you. There’s other people involved who are a lot more likely to make money, and the money has to come from somewhere.
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