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
If you’re very lucky you could get in, wait for some sort of return, and then cash in and move on.
How do you decide when to move on? You can’t time the market because you don’t know what the scammers plan is.
You can’t keep an eye on market indicators and react to trends, Bloomberg don’t do live price tracking for these things. They’re so thinly traded that prices will be very volatile and all over the place anyway.
And even if you manage to get the timing right and try to sell right after the peak? You won’t find a seller, this isn’t the nyse there’s no market makers, nobody looking to pick up bargains and hold on to them until things get better. Nobody will want what you’re selling because everyone will know it’s all over.
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