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
Most people let greed get in the way. They enter as price is rising because they don’t want to miss out but they already have. When their profits eek up very quickly most people begin to think they’re a genius and are going to make a killing. Right when it’s the best time to sell most people mutter under their breath “it can go a little higher” just before it drops. They see it drop significantly and say”jeez I need to wait for it to go back to where it was because I just lost those profits”. It drops again and the process repeats until there’s a sharp drop that really scares them then they sell right before there’s a slight rebound.
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