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
What you’re referring to is the greater fool theory. You can make money off of something completely valueless so long as there is greater fool to buy it from you for more than you paid for it. Each generation of fools takes on less potential profit, and more risk.
The probem is in most cases, by the time you’ve heard of it, the risk to reward ratio is god awful and you’ll soon be parted with your money.
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