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
You can make money on a rug-pull, and some people do – however it’s really foolish to join a scam hoping you get to join in on the scam
A lot of the time there are pre-minted coins held by the scammers group which they’ll start unloading when people start buying. This was the case with Logan, you’d have to get in right at the start and sell really quickly to not lose out in that situation
Lots of people have been burned thinking ‘I know it’s a scam, but if I’m quick I can still make some money’, so just don’t be tempted
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