[–] ayoubElk 5y ago ↗ Can someone explain how it was done? [–] px1999 5y ago ↗ Looks like they bought and sold the safemoon defi token (bought really low, sold [comparatively] high)
[–] px1999 5y ago ↗ Looks like they bought and sold the safemoon defi token (bought really low, sold [comparatively] high)
[–] ctur 5y ago ↗ This is inscrutable to anyone not familiar with whatever that site is and the underlying systems and terminology.Someone should write a blog post or something to explain it, then link that here so we can all be in awe, or outrage, together. [–] ve55 5y ago ↗ Either way I think I have seen more than my fair share of 'this person got absurdly rich absurdly quickly doing absurdly little work' content recently.
[–] ve55 5y ago ↗ Either way I think I have seen more than my fair share of 'this person got absurdly rich absurdly quickly doing absurdly little work' content recently.
[–] reidjs 5y ago ↗ I’m confused. At what point did they convert it from crypto to USD? [–] ketamine__ 5y ago ↗ https://bscscan.com/address/0x8c7de13ecf6e92e249696defed7aa8...Probably somewhere in here.
[–] ketamine__ 5y ago ↗ https://bscscan.com/address/0x8c7de13ecf6e92e249696defed7aa8...Probably somewhere in here.
[–] sebmellen 5y ago ↗ Ah yes, the SAFEMOON literal Ponzi scheme. Beautiful.Number go up, number go down. But damn, look at that chart https://coinmarketcap.com/currencies/safemoon/. It’s one of the cleanest looking pump-and-dumps I’ve ever seen.This is not something to celebrate or condone. A lot of people who don’t know better are losing their savings trying to play along with the hype.See https://stockhead.com.au/cryptocurrency/this-is-a-scam-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more. [–] rvz 5y ago ↗ Exactly. That is a text book example of a pump and dump ponzi scheme.This gives the SEC another reason, to 'protect' the retail investor by introducing regulations for cryptocurrencies.So from here, I know that a lot of investors will become expensive bag holders from this. Just like the Bitconnect scam in 2017. [–] outsider7 5y ago ↗ Sad sad day. Cryptos need regulation bad, quickly... [–] tnzm 5y ago ↗ ...which would kill them.Investors need education. Which might hurt - but won't kill them.
[–] rvz 5y ago ↗ Exactly. That is a text book example of a pump and dump ponzi scheme.This gives the SEC another reason, to 'protect' the retail investor by introducing regulations for cryptocurrencies.So from here, I know that a lot of investors will become expensive bag holders from this. Just like the Bitconnect scam in 2017.
[–] outsider7 5y ago ↗ Sad sad day. Cryptos need regulation bad, quickly... [–] tnzm 5y ago ↗ ...which would kill them.Investors need education. Which might hurt - but won't kill them.
[–] tnzm 5y ago ↗ ...which would kill them.Investors need education. Which might hurt - but won't kill them.
12 comments
[ 0.37 ms ] story [ 46.0 ms ] threadSomeone should write a blog post or something to explain it, then link that here so we can all be in awe, or outrage, together.
Probably somewhere in here.
Number go up, number go down. But damn, look at that chart https://coinmarketcap.com/currencies/safemoon/. It’s one of the cleanest looking pump-and-dumps I’ve ever seen.
This is not something to celebrate or condone. A lot of people who don’t know better are losing their savings trying to play along with the hype.
See https://stockhead.com.au/cryptocurrency/this-is-a-scam-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more.
This gives the SEC another reason, to 'protect' the retail investor by introducing regulations for cryptocurrencies.
So from here, I know that a lot of investors will become expensive bag holders from this. Just like the Bitconnect scam in 2017.
Investors need education. Which might hurt - but won't kill them.