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
The people making the real money on rug pulls or pump and dumps are either getting free tokens or investing weeks ahead of time. Unless you are investing in a brand new no name token that just got launched, when you hear about it on reddit the pump is already started, if it takes you a day to buy in you are probably buying at the top. Then you need to know when to sell, and if you hold for just a few hours too long you might be in the red. In a rug pull the coins become worthless pretty much immediately after the founders cash out the holding fund. If you don’t know when that there is just too much risk IMO.
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