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
I read an article that said most participants in these types of scams *know* it’s a scam. They just think they’re the smart one who will get out early.
It’s information arbitrage, meaning you have to magically know when the founders plan on pulling the rug. Obviously they don’t share that information outside of a few close associates. So, good luck.
FWIW, I watched the whole Luna debacle unfold in real time. I actually saw the signals about 2 days before it imploded thanks to an unhealthy amount of time on Twitter. Had I had the desire to gamble on that game, I would’ve won.
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