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On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.

Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.

So the question is how people still believe in all that stuff? :) Easy money is very hard to catch. Especially while there are coins like Crypton (https://crp.is/exchange/crp_usdt) privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?

I did not invest here I have seen this being promoted in social media there are so many red flags, I just knew there will be a red flag and they can do rug pull anytime because it is a meme coin from a movie and this is the kind of scheme that scammers usually use to hype a coin then do a rug pull, investors never learn that if you are going to invest in a pump and dump coin be sure to moderate your greed, do not invest or if you invest only invest what you can afford to lose and get out when you are in profit.

I found out about this coin from an article which did exaggerate about it.
after I saw and looked at it, it turned out that the hype started to enter as a result of the popularity of this Korean film :D
on the other hand I also wanted to follow this fomo but I realized this was the wrong thing.
and now it happened, and those who had entered there should have known the risks would be like this.
so this is the end of this meme coin don't scream because they are gone because surely you already know the result will be like this

I just found out about this news in WhatsApp group with the news "Coin Market Cap has issued a warning has received many reports of users unable to sell this token on Pancake Swap, or any popular decentralized exchange because This coin indicates that there is anti-dumping technology that prevents people from selling their coins if certain conditions cannot be met."  wow i think its risky if someone fall into the coin trap, as we know Meme coin will never end because many investors are easily lured by news and market situations that are dominated by meme coins

This coin is a perfect example of a rug pull project that utilizes the hype behind the name. Lots of projects are doing this so I think those who invest are dumb enough to not think before entering such extremely high risk investment. Thats why it is very important to invest to fundamentals rather than hypes. Wreckless investing will teach you how research is a must.

i was a bit confused because i have seen provably yesterday a bounty campaign launched name is squid token btw i'm wrong it's another coin and cmc listed coin.
how memecoin investors did that a coin was 1 cent to 2860$ omg and finally they are suffering to lost in shitcoin investment.

I've seen three types of token using the name squid and yes all the three are scam, since crypto is growing more and more many people are trying to take things into their own hands, they also saw how great doge and shiba became so they look for another doge and shiba only in a wrong way, I'm pretty sure they've learnt

I would like to call those people scammer rather than a group with no affiliation. They have gone with million dollars of money right now and so many medias were paying their attention on it. This is crazy how people didn't even think the creator of this garbage coin has not yet revealed their identity and still remain anonymous.
People are expecting to be millionaires in short time through investing in the shitcoin and so many people keep doing this right now. Im also seeing it even there are more and more tokens have been rug pulling the investors about that. So many people are loosing their mind caused by they were being so greedy to get instant money through investing in the shitcoin.
It will never end as so many scammers keep coming with more and more shit token. So many people are still beliving if they can be rich person in short time through investing in the shitcoin.

Yeah agreed. They used the name and hype of squid game movie that draws investors in and dump as hard that it could be. I think lots of this could potentially be coming out still and many more will be get caught of this scam. Just like how Elon promotes Doge even it having no backed fundamentals.

I'm not surprised that this happened.These events with meme tokens should already teach people that nothing good will come of it and this is all lottery level.Losses will be for many and only the creators will have a profit.

On the other hand, with the development of technology and the adoption of the crypto industry, anyone can create a new cryptocurrency. Many developers release tokens or coin memes with various unique names such as Squid Game, rugpul is inevitable and careful.

I just hope that everyone that invests in such meme-coins or sh*it-coins only invest an amount of money that they really can afford to lose without it having any impact on the daily life of the investor, because in crypto in general and especially with meme-coins the risk is extremely high that you lose all of your money and i also think that now the chance to hit another meme-coin that will moon like Shiba-inu did a few weeks ago is not exitsent anymore, so i would advice anyone to stay away from meme-coins now. The worst thing that can happen is a scam like the guys from Squid did and the other possibility is that the project is just dead in a few weeks which also results in a total loss of your investment.

It was expected. I read an article and there were way too many red flags, yet people still invested in that token hoping to make some quick profit. Not being able to sell their tokens ("anti-dump mechanism" is what the scammers called it) was another huge red flag. Even crypto aggregator sites like coingeko issued warning and didn't list them on their site. Don't know why coinmarketcap did. They warned users, but it was too late. Anyway, are you here to shill for this coin you are talking about? Don't.

Why is everyone calling this a meme coin. It wasn't a meme coin.

the film is successful and becomes a hot topic ,maybe the coin will also be successful people will think like that then invest without thinking clearly that scammers will still be around with new product ,another reason is that they think it's a coin released by the squid film or netflix platform although there is no such news well investment without thinking clearly will lose everything

Perhaps the losers aren't long-timers in the field because projects like this are really recognizable because the products they create are so amateurish. Only inexperienced and greedy people think making money with crypto is simple, anyway condolences to those who lost money with this damn project.

For some reason, I think this is the right assumption since this project spend there marketing heavily on social media to target crypto newbie to be attracted on there coin that's name after the famous Netflix hit series. Many people speculate too much and some is not even realistic just to have a reason to buy this too good to be true hype token.

There's a lot of coin like this and the best example was all the baby tokens such as baby doge, baby matic and baby cake. And other Project that using the name of other famous coin just to caught the attention of investors and get that same hype.

I understood that it was a scam as soon as some people reported that they couldn't sell their coins. And you couldn't sell it because smart-contract was created  with proxy features. It let the owner renew contract on any logic , as a result, the team have updated logic to an unknown (unverified code) and then they withdrew all the liquidity in the amount of $ 19 million from PancakeSwap.

This is what happens when you join easy project for easy money and we all know that in reality, there is nothing like easy money.
In real life, if you try to invest in this type of investment, you will surely loose to scammers, then why invest in this one when you know the consequences of what you are doing, don't cry now that you have lost everything because you are always warned.

So many people who got trapped by that stuff was small traders with small amounts of monet that was hoping to make bunch of money and they can buy lambo with it. You can also try to study another shitcoin as well and its supporters and you will be seeing so many small hodlers were keep buying more and more shit tokens and then they believe if it will make them all the next millionaires like what happened with doge and shiba They never care about awareness that already made by so many people. They keep ignoring any awareness about potentially to lose all of their money by betting into the new shitcoin. They were hasrsh person.

Have you ever heard the word of scammer disappear from the world? As long as people with bad intentions and behavior still exist and new scammers will always appear anytime. Are you also shilling your crypton? is not crypto another shitty coin that's traded on scam exchange sites like latoken? https://coinmarketcap.com/currencies/utopia/markets/
It doesn't have any differences with those meme token

This will never end. How people believe in that? I'm sure you've witnesses how shiba Inu grows right? Some people believed too that a new sprout coin can do a once in a life time game change. But of course its not always the same result isn't it. People should always be cautious especially on memecoin that can easily build using few bucks to do a smart contract, website, and even social sites.

I will tell you even more - Crypton had already gained a value of 1$! During 2 or 3 years it was about 10-15 cents and in 1 week it has grown so fast. I'm so excited to see what will happen next! Maybe devs have some other stuff in plans that can also positively affect its rate.

Man, crypton was just another scam coin. It's not worth to buy anymore. https://coinmarketcap.com/currencies/utopia/

Look at marketcap and daily trade volume. It doesn't matter how hard you're shilling for crypton and the result will always be the same. People will be seeing it as garbage coin and that's it. We are talking about squid game token which was a scam token and it has nothing to do with crypton.

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Squid token has gone and binance already investigated the scammer to catch him and put the scammer into the jail

https://cryptopotato.com/binance-is-tracking-the-squid-game-scammers-and-will-hand-the-intormation-to-authorities/

https://cointelegraph.com/news/squid-token-up-600-today-despite-debacle-and-binance-investigation

Binance has been moving a good move and i thought that the scammer will be catched by police. this is triggering the price of squid to increase again based on the community's decision.

It is actually 3 Million dollars just to correct based on my research. And to answer your question, when will it end, it won't. As long as there are people willing to invest to shitcoins or easy money coins/short term gain coins it will never stop. I actually been in their telegram (SQUID), and did my research, and for me it's a but sus and I'm right. You can easily tell it just by looking at the team. The team is a computer generated photo of a person that does not exist. So only people who are willing to take the risk will invest on that coin and people who don't do any research. They are easily being fooled by the hype, that's why they are losing money. We can avoid scam if and only if we are doing the best of our research, and that's the only way. Nothing more!!

We are living in a space where people can choose to be anonymous so what do we expect??

I read about it somewhere on the internet and got to know that this was a classic rug pull.
I read that the scam was not worth $2 million but actually $11 million which is a pretty huge amount.
Many people watched their portfolio decrease to zero in front of their eyes because they were not able to sell this token.
Seems like many people would have felt what Wojak feels in their videos.

This is exactly why I keep advising everyone to stay away from meme coins and shit coins.
Stay invested but only in coins which have a good potential.

It fell almost to 0 and it will remain as it is for the rest of that project's life :D.
Or it already is an abandoned project right now because..... we already seen the winner on the "game".

Well, people have this nature that they will risk for the sake of profit. Even though they know that it already is a scam, people will try and risk their money because they believe that they will get profit. Investing into meme coins and new coins in general is a hit or miss. Whether you will lose all or take profits depending on your investment.

Investors will always look for new projects because that's where the huge profit lies (at least for them).

Scam live.
https://t.me/KartavKanaLL/8908
YYAAAAAAAAA.. :D

To be honest, it never ends.
Everyone wants to get rich quick and buy various scam tokens.
But most of all, I do not understand that experienced traders invest in such projects in order to make quick money, but not everyone can win.

Dragged by the hype. Not everyone has the right knowledge about investing in cryptocurrencies and even if they do the trend could pull them in believing it could be a good investment. Shit happens. Being in this forum for a long time will make you learn that lesson. I have been dragged by the same hype of one ICO before and I bought the trap.
Let that be a lesson for whoever was invested in it. I just hope they don't blame cryptocurrencies as a scam because that's just a foolish claim.

This squid coin is completely adapted from the story of the film's title. Many people who instantly lose money lose all their investments because of this coin. Again this happens because many are carried away and without deep knowledge. Not only squid coins, other meme coins also have the same characteristics, profitable quickly but also dropping deeper.

I am sure that it was the developers who earned the most. Many people think that you can make money on such a HYIP and the glory of Shiba haunts many.But in the crypto,you should always take into account all the risks, but people come for quick money and forget about it.

yes it is using famous last names like doge or shiba etc should have to be wary because we don't know other facts ,novice investors will flock to invite others and then boom is done ! if there a new coin ,it should be sought first to do in-depth research or ask the community so that we can work together because we are also connected to each other in this forum as friends and even crypto families

I watched it live on one streamer, and it's beautiful seeing the candle from green to red in a flash of a second. A lot of warnings have been posted everywhere about this coin that has no affiliation whatsoever from the creators of the popular Netflix show. A lot of red flags have also appeared on the announcement of the said coin yet people still decided that it's a good buy and that they should join in on the craze. Little do they know that the creators are already planning something nefarious, and all suspicions were confirmed when the coin instantly drop to almost nothing.

People ride the hype so much that doing research is already neglected. They always feel like they will miss out on the opportunity, when in reality they will lose even more since they haven't really exercised due diligence at all.

nowadays mate people can easily create their own copy paste project without authorization from the real creator/owner especially here in crypto space, and fyi it's very common actually when it comes scamming or making hypes in the market. So it's not surprising they pick the SQUIDGAME name as well as it's very popular movie around the internet wherein its a big help for them in order to to obtain attention.. See the results for sure they made millions from it.  :D

Relax and enjoy watching this memecoin frenzy  ;D
This is similar to spinning fishing. I don't think it's possible to win here in the longrun, but it's fun if you play with small sums.

Surprisingly everyone who has no experience in crypto will fall into this scam, because they only think of quick profits without paying attention to every detail of the warning, when the SQUID token price is above $5, I saw coinmarketcap issue a warning that the token cannot be sold, but some people still buy because they want to make a profit by taking advantage of the Hype

That squidgame coin was really popular here in my place even back then when it is still about to be launched because of the fame that the Netflix series; squidgame has here in my place. Even the oldies know of these series which is pretty rare if you ask me. Even though it was tempting, being in this industry for a long time already, I knew better than to risk my hard earned money to some shady coin without that much info. I was thinking that if it succeeded, good for the investors and if not, good for me coz I didn't fomo blindly into the trend. And when it crashed I felt bad for the investors and some relief that I stuck with my decision from experience. I just wish that from now on, people would know better than to invest on some shady coins.

Hmm, I don't know what about some extra staff, but I saw the news that Utopia p2p sponsored the Blockchain Economy Expo. This is the First Blockchain Exhibition in the "World Expo" history. The WORLD EXPO is being held for 170 years and for the 1st time, blockchain will be introduced to the world at the same level as countries, international organizations and other traditional businesses. It seems to me that after this, the level of Crypton will soar many times, and maybe dozens of times.

I heard and read this news a lot of times actually even in my own Facebook newsfeed. People are into trends actually and we can never ever blame. It is almost like there is a thin line between crypto trends and these series trends. Quite surprised that some previous trending Netflix series did not have any coin related to it at all. :D
Can't say more for what you said about Shiba Inu.

The community that usually makes hot news that makes ordinary people start buying squid games. Similar to a ponzi scheme, but Squid games are blockchain-based tokens. Actually Ponzi has been a trend in 2017, but repeated again this year in the BSC network. There are so many similar squid games just eating talk about "Getting rich quick" so buy for all the assets we have and end up regretful.

Well It's not a token anymore, its fully tradeable? Or can someone chime in on what's the setup is atm?
Cheers!

https://se.tradingview.com/chart/Ymf2RycC/

is poloniex exchange promoting scam project?

november 8, i was very surprised to see poloniex exchange tweet about listing squid game token (squid/usdt) pair. as a trusted exchange how they will go with scam/rug pulled project without research.

Despite the fact that the Squid Game website is disabled and the Twitter account is blocked, the price of the SQUID coin has increased by 1000% over the past few days. And there is only one explanation for this: the Poloniex exchange has listed SQUID. I am sure that the exchange has made an illegal decision to list scam coins on its site, which will entail negative consequences for the exchange.

yes, there all of down website,twitter,telegram, poloniex team didn't reviewing squid game project before list? i don't believe that!
i think they did it knowingly, because there are money involved.

It's been a risk. The fluctuations in crypto are great. Especially for meme coins, it's really crazy to put everything on squid coins or memes like this.

What amazes me is why so many believe. The first indication of their website is still new, then on their social media is unclear. Just because it's popular, a lot of people have fallen.

I was also very surprised with Poloniex this decision that they are promoted a scam project which is already under some serious issues, but they are not reviewing about these things and promoted this scam which can create problems for them as well because if they are not going to check all facts about this surely they are going to have some issue by any legal authorities or any person who is already facing scam by this game's scam developers and others involved in this all cheat project.

In crypto, we are already facing some serious hype in recent time which is never been good and ideal for us, but no things like this can do more issues and bad impact on many others those are already feeling negative about this all crypto community.

This happens because they want to believe there is an easy way to get a lot of money out of the markets, they do not understand the nature of the markets at all, we know that in order for someone to earn money someone else needs to lose it. But they are victims of magical thinking, they believe that money will appear on their accounts out of nowhere and markets do not work like that.

Also there are some that understand this but they also know they do not have the knowledge to profit from the markets and as such they are looking for meme coins and see if they can buy when the price is low and sell when it is pumping, but even those people will lose their money as it is incredibly difficult to capture movements like that since they happen so fast.

It's because they've used a popular name and film. If it's not because of it and they just rebranded or used a name that's not popular, they won't reach that certain popularity that they have.

But because these scammers really know how to trick people into their scam, they've planned it well. Now their website is totally offline and they've been delisted on coingecko.

I think coinmarketcap has to act too of delisting this scam token.

well I mean the scam was in the name you had to sell out before it turned to red light cause once it did you got rugged  :D :D :D but yea idk if anyone was even able to sell once you bought in but I mean that's the game u play when you buy shit coins.....

I can confirm this based on some people if they were able to selling their tokens but remember that scammer has a key to did another rugpull to take money from liq pull.

You meant this, right? https://support.poloniex.com/hc/en-us/articles/4412105234327-New-Listing-Squid-Game-SQUID-

This exchange is turning into the garbage exchange site after the acquisition by tron. This garbage exchange site will be listed scam token while binance is still investigating and tracking scammers who have been running away with the money. Polo must be ashamed with its decision to list scam token on its garbage exchange site.

There's no different between polo with low exchange sites like p2pb2b and coinsbit. These are all scam exchange sites.

This project became popular because of the increase in heat, and the early purchases could not be taken out, which caused the price to grow wildly. I didn’t invest in this coin either. I think it’s totally enthusiastic, and without the support of celebrities, it will die no matter what.
It's just that its price has picked up a bit now, and it's not worth everyone's attention.

I think such scam attempts help people learn a good lesson. I hope everyone now makes their investment in line with reason and logic.

People like to think of themselves as being consistent and rational individuals, If they decided that they know better and "this is a definitely a good investment", they won't listen, as this may dent their sometimes fragile self-esteem. So this will probably never end.

Lately the facebook and telegram community that I follow is splashy with BUFFDOGE. I see buffdoge similar to squid games. But it's so funny, the community there seems like they're greedy with their wealth believing that buffdoge will bring them wealth. Even the most interesting thing is that they are willing to throw away their own coins to do self-burn. In fact this looks worse than squid games.

Well, I noticed that Crypton is slowly but continues to grow. By the way, a lot of users have added this project to the observation list and are also monitoring its development. Especially considering that Utopia sponsored such an important crypto event.

That's the risk of investing with a meme coin especially if it's just being carried away by the hype. We must check the foundation and the team behind a certain project before investing no matter how famous or trending it is. As we have seen, they just used the trending movie to catch the attention of most investors. We have to be careful in investing with these coins because they could deceive us at first but would just take away our funds in the end.

I wonder what makes the project unique in the actual sense. Is it because it answered after an interesting Korean movie named "Squid game'' for it to have such pump of investors. I still don't get it while the majority falls into the scam of the squid game while there have been good memes projects before the squid game arrived. I pity those that fall into a crypto scam without carrying out proper research on their own without social media hype

Yeah it's a dead right scam. But there's actually people that are looking for these scams, as gain potential is very big.

The Utopia p2p project that launched Crypton is built on its own blockchain and it has its own decentralized blockchain based no KYC exchange. It's not very easy to list the coin on many exchanges as 1984 Group, the owners of Utopia p2p, are fully anonymous and don't want to reveal their identities. Before making a conclusions, you'd better spend 5 minutes, download the soft and check it on your own. I bet you never met anything similar on blockchain.

agree.

because of hype on real life doesnt mean it will explode on cryptocurrent. advertiser will give small effort to gain massive people by 'whats going on' on real life, and people will trust because that thing very famous in their life.

Now almost everyone has had experience with things that are not good, including fraud, even though it is only felt once, because the name of fraud will always feel very painful if someone becomes a victim.

I feel sad for those investors but I think we can prevent such scam projects if we invest on a real project with a trusted team.

Open pump and dump schemes are rampant in the crypto world, with investors often jumping in with their eyes wide open, perhaps hoping that they can ride the wave and dump their holdings for a quick profit before the price collapses, so be careful for investing.

Fraud cases will not go away in the crypto world, they are greedy and irresponsible for every job they do. The scammers only care about themselves, I hope there will be a website forum where this site aims to place registration of all newly launched tokens and for those who don't want to register their coins in that forum then the tokens they have will be called a scam project .

I don't understand the situation that has developed around Squid Game. After the website of this project and other social networks were disabled, first Poloniex https://poloniex.com/exchange/USDT_SQUID and then Gate.io https://gate.io/trade/squid_usdt have listed SQUID on our exchanges. I think that after such listings, these exchanges are unreliable for trading, because by trading coins like SQUID, you can lose your money.

As upsetting as this sounds this is the truth, there are many people that do not know any better and invest in all kind of scams since they do not know how to identify them, however there is a not small number of investors that know what is up with most of the coins in the market and they know that sooner or later a coin like this will eventually scam their participants.

But they do not care because they expect to get out of the coin before this happens, but unfortunately for them even they are running a huge risk and most of the time they will get scammed as well, which in my mind makes their mistake even more unforgivable because at least in the case of newbies we can use ignorance to excuse their behavior, which is not something we can do here.

It does help people to learn more about being protective with their money to invest in different projects. But the sad thing, there are investors that won't mind buying those projects that are likely to be a scam because they're moving forward to the return. Not exactly that they know the project is bad but they've been projecting how much they're going to earn if they enter early. With such behavior, it is the trap that makes them fall into having a bad experience.

I don't think it's a scam, because from the beginning the concept of this token was rugpull.
yes, from the name alone we can conclude that it will happen, do you remember how the Squid Game movie?
yes only 1 person wins, and in this case the winner is the developer, it's a pity if you follow tokens like this

Yeah its make a huge scam I think 2million is huge amount and due to this scam most of the shit coin become affected because many people withdraw thief fund from shit project because they were afraid for thier fund because scam can be occurs any were in any shit and memes project.

Dude, it's surely a large amount.

You don't have to think about that if it's quite big or small because it's really a big amount that has been scammed to those investors that don't do their research.

This mistake will have to be applied as a lesson learned for them.

Some people may learn from the scam issues, but some others may not really care. In reality, there are always many people who want to risk their money in the new hype coin/token. This means they never learned about the possibility of scam coin/token on the new hype projects. Not all people use their mind in investing, some others just use their greedy to invest in crypto.

as you see scams appear regularly so there are always people who easily give their money to scammers. sometimes they lose their money twice or even more times so they can't learn the lesson.

People who participated in this meme coin should be aware of the red flag it's obviously a red flag meant to do pump and dump, those who get notification of the pump are likely made a huge profit and those who have not are likely made huge losses unless they made exit at the right time before the dump, this is very risky and people who do not how this works should ignore these pump and dumps scheme by developers.

There 2 different types of people who joined the craze;

- the risk-takers that already knows the outcome
- the believers on which I don't understand how they ended up believing on that coin

Unfortunately, most people believe and they end up in FOMO. Should serve again another lesson over lesson.

Lots of investors lost on the token because they took the trend before they make any research. I think the risk-taker made a huge hype to attract those poor guys but the real blame is on those who didn't make a second thought before investing and they thought they can make a huge profit since the price was sky-rocket until it blows and it leaves them with negative income right now.

Well hype will profit you no doubt but on their side you must do your own research as in the squid game token their project is not audited and they had fully copy the code of other projects people are buying it due to suggestion of YouTuber, Influncers that's what i found, Truely i had also suprised by the growth of the Squid

It's not the first time that it happened and we keep saying that it will serve as a lesson learned, there are still many people who already blind because of greed, thinking that hypes will let them earn a lot if they invest in the earlier stage of the project, scammers understand that emotion and they are good playing with those kinds of people.

They will let someone to earn and keep the greediness inside to invest for more and find other people to invest with them before scammers will do their favorite job, running away with all the money. ;D

Squid game project is another project that will be remembered when another one came up and scam again. ::)

Really it is very bad for all SQUID coin investors, i think it is the another big scam in crypto market, how this possible?   I see many investors lost their fund through this scam but i this team is fully involved for this type scam.     

Well they got "squid-engulfed" I would say, LOLZ.

Pretty bad move by those peeps who fell for this name and invested their money into the coin like this. That's the issue here, they all come with the next level adrenaline rushing through their minds and think that they can make quick money out of the crypto currencies. Now it's so clear here that some rich guy or group of guys might be hovering on the 12 cents board and they suddenly took an opportunity of the NetFlix TV show popularity and "deceived" all the investors!

Imagine everyone was literally pouring their money into the hands of these 12 cents guys.

No-wonder, these things also happen in the real world too..

When we were under the COVID attack, the oxygen supplies were dropping at alarming rate. At the time there was a company in India, which had Oxygen in its name and everyone thought that it will have good market now and we must buy the shares. The shares went crazy up and later it was identified that the company was not even associated with Gas Production. Lolz. So yeah, research before you jump in.

That's the simple Mantra here.

It's likely that there are more newbies that have been victimized by this rugpull of squid scam token.

True that there have been others existing before and there's a new one that's replacing it with historical remembrance about the scam. As we say that the newbies that have been involved in it will learn the lesson.

It's a worry that the new generation of newbies if not educated about such scams, are likely to be victims again.

I heard about this coin but did not invest.

Though $2 million is just a small amount compared to the money going in and out in crypto but for a scammer to take $2 million, that's already a jackpot. This tells us that there are still newbie investors out there who do not have enough knowledge in crypto but went so aggressive, if they understand the basics, they would not fall for that scam.

I can't believe that volume that time was $11 million _https://coinmarketcap.com/currencies/squid-game/
Probably the scammers trying to pump the coin with their money and take the money from those who ride with the FOMO.

The way scammers allured new investors, showing that the coin is really pumping.

Those people are waiting for anybody to follow them and go inside the trap. Not all are newbies. There are also old timers who recruit those
newbies, thinking that by referrals they will earn more but forget about providing in-depth information about the investment that they'll going
to take.

It's true that over-all compared to those other scams this is just $2million, but for scammers to runaway that money, it's already a good amount.
Expect them to go back and present new types of schemes and more alluring promises. $2M is good enough to used to make another pump and dump
move to bring new sets of victims.

This coin continues to be traded on decentralized and centralized exchanges, which means it is too early to talk about the number of affected participants and the losses they incurred. And considering the fact that the daily trading volume of Squid Game coin is $29 million, we can say for sure that the number of victims of this scam will be even greater.

Haven't you heard that Utopia p2p officially sponsored the Blockchain Economy Expo? This will be the first blockchain exhibition in the history of the "World Exhibition". The Blockchain Economy Expo will be held as part of the World Expo on November 14-15, 2021 at the Dubai Exhibition Center. The WORLD Exhibition has been held for 170 years, and for the first time the blockchain will be presented to the world at the same level as countries, international organizations and other traditional enterprises

There are many types of investor, who look on old but safer coin, and then the one who look for new coins which just launched and speculate with it. If the coin already reach peak, then people not sell it so it is their mistake. We made investment especially to a coin with only hype, must know when to get out and take profit.

It is a scam, most scams are that way from day one and this was the case here, I will agree that it was easy to see this coin was a scam as the coin had no affiliation at all with the producers of the TV series and scammers just took advantage of the popularity of the show to get some easy money.

It is sad that people keep falling for such obvious scams but as long as they want to make some easy money in the markets then they will keep losing their money until they recognize the market of cryptocurrencies is not a get-rich-quick scheme.

How the $2m amount was calculated?

If you go to the historical data https://coinmarketcap.com/currencies/squid-game/historical-data (https://coinmarketcap.com/currencies/squid-game/historical-data) you can find that:

26Oct-1Nov - daily turnovers were started from $3-6m and increased to $10-17m
1Nov-3Nov - daily turnovers were $14-17m
4NOv-10Nov - daily turnovers were higher than $100m: $200-300m on average and reached $424m on 7Nov

After 10Nov the token is traded with $60-90m per day, and nowadays has aprox. $30m daily turnvoer.

So, the amount $2m looks not reasonable compared to the daily turnovers of the SQUID token.

Is this a typo error or is your opinion you think it's not a scam but from all the looks on it, it's a scam, you are not allowed to use a name and a concept from a movie because you will be charged of copyright infringement, the developers of this Squid Game is very quick to do a rug pull because they know they will be caught and they will lose reputation they have done the rug pull just in time, developers are skilled scammers.

But it will also serve as good informational drive if this kind of event will continue to be published. It's best not to just let it go the same way people forget about those many scam from the past. Give a much deeper overview to allow newcomers to know which kind of project to support. If those many victims will continue investing from this market, taking that experience seriously will manifest good knowledge to avoid doing the same mistake again.

Im never belive im memecoins ;D and so on, always im choose coin with any technology, on my opinion any coin w/o technology doomed to scam or dump for love :'(  I rembebmer one ICO which got 100$m and after they disappeared ;D ;D
But scam are always and everywhere   :(

I believe it's impossible. Such website will ask for the money to list the coin, like all the exchanges do. And not all the projects, especially self-funded have such free amounts. Some, like Utopia p2p, create their own no KYC exchanges for its coins and also lists the coins on the popular exchanges. And some don't have such opportunities,

Actually market capitalisation volume reached to $184m, accordingly to bbc.

These scammers were very clever, because they didn't allow buyers to resell the bought coins at exchanges. They forced people to buy intensily, without any dumps or corrections meanwhile, until they could reach the price range they were looking for, so scammers totally dropped their own coins in the market, making the whole speculative profit for themselves.

Squid Game cryptocurrency rockets in first few days of trading (https://www.bbc.com/news/business-59059097)

They prevent the user to sell the token. The meme coins are the whole piece of shit. Most meme coins create hype before launch and create influence on social media. It is true that some people get profit by holding short terms but most of the investors are deceived.

It's really wrong to use the daily volume of CMC to calculate how much already scammed by the scammer. 2m was the correct amounts and this is based on how much liquidity pool that available on pancakeswap at the time of it got rugpulled. The daily volume chart of CMC was not so accurate.

It's based on pooled BNB at the time of rugpull https://www.dextools.io/app/bsc/pair-explorer/0x683c425d917e8fef34c8bbbeab57246dd2a8b718

The scammer didn't get hundreds millions dollars on its hand. They were rugpulling the BNB pooled in the liquidity pool. There's no analytics page like uniswap in pancake. that makes a bit difficult to determine how much BNB that already scammed by scmamers.

Dont know where you do get that 5% number but its true that the only only benefits out is to those who had entered early and thats where that 95% is been trying out to do is to catch up early.

Some are already aware and most of them had just ridden only up with the hype thats why we do really see lots of people whining up on the times on where they had been scammed
because of rug pull or even just a very big percentage drop.

Any coin which is only driven or tagged along with something without having that real use case then better not to touch it out if you dont like to mess out.

you're right. It is logical that for such sites this is the way of earning. That's why they exist. I think the best solution is to use internal project exchanges.

There is nothing to be sad about. The meme coin lords and senators are very well aware of what they were getting there hands on, there is no point is pitying some one with an eyes but then decide to close his eyes and walk on a high way. What do you think will happen to such person, it's a probability outcome with 70% chance of loosing and 30% chance of losing their capital. A suicide in my opinion, that's what meme coins represent.

If only they have all invested that amount on real project that will slowly develop with future potential., they would have been in mini lambos who knows. ;D ;D

it's best before buying new coins like this, we first read the whitebook and roadmap of what they are going to do and also check their community.
I think this squid coin is just taking advantage of the momentum of the success of the squidgame film, those who made this could really take this momentum right, but unfortunately it was used in a bad way.
fraud with this model will continue to exist and will not end, so we must be careful in choosing a coin, especially in choosing a new coin like this.
it is better to make purchases on coins that have good projects and have good potential in the future.

People are inspired by other's success so especially newbies are really willing to invest in new meme coins and trends. They hope that they will also find a new dogecoin so they buy snubbing research. Maybe, it will end, when people become more careful and will investigate projects before investing. There is plenty of information about every project on the Internet but it is still require a lot of time to explore.

I hate to be the voice of reason and honesty.  But whoever put money into squidgame coin probably deserved to lose their money.  That is just a straight greed, gamble play and that's what happens.  Did anyone really expect squid game coin to revolutionize the financial system lol. 😂

Yeah its make a huge scam I think 2million is huge amount and due to this scam most of the shit coin become affected because many people withdraw thief fund from shit project because they were afraid for thier fund because scam can be occurs any were in any shit and memes project.

I can't even imagine how can it be done differently, especially in crypto sphere. And I'm intrigued with a new teaser that appeared within the social networks and forums.. Seems that some updates are coming connected to Crypton exchange.. This way of posting pictures without any text is making me crazy :)

I like the parable you say :D and the fact is that it is because there have been so many people who have said that coins with a system like this that rely on pumps and hype and fomo in the end will only lead to misery and this is full of risks if you want to be there.
but indeed it is the choice of those who buy this coin, So, this is the risk in question and there is nothing to regret about this because this is a risk that must be taken.

On the other hand, maybe this will be an experience and a lesson that this kind of thing should not always be used as a livelihood because something like this is a big risk

Here he is a perfect example of how an unreasonable, logical investment ends, you don't understand what. An ordinary scam created out of the hype around the movie. It feels like people are just throwing away money that would be better spent on charity.

Taking a kind of risk in hope to earn a lot, those people are not learning from this kind of alluring offer.

They continue supporting scammers, the way it's been response by the investors showing that people will try everything to earn.
to the point that even project like this runaway with a huge amount of money.

Project that based on the popularity of tv series  ::) you need to learn for you to survive and succeed.

Better luck next time but better also to stay away with this kind of offering, find a solid project that has real usages.

They did and too bad many have been scammed.

I think they're very much aware of how to scam this project is but still, they have never considered stopping because they haven't made a profit out of it.

That's why the rug pull happened and many didn't anticipate that to happen.

Meme coin it has always been a pursuit of fortune, if you are a gambler and love to take risks then good luck to you. I know that many people have become rich through meme tokens, but I stay away from these coins. Investing in such projects is a very big risk.

Personally, I didn't invest in here but I know this coin because it was booming after the Korean film. There are many new coins that appear in the market every day from a project and they will compete to survive in the market. not all new coins that appear can survive so it is true that we must be smart to choose coins that have good prospects to invest. I don't just point to this squid game coin but to other coins that are just following the boom, there are many coins like that and many are investing in them. it would be better if you invest in coins that are already trusted.

Lots of people got rich with coins like dogecoin, shiba inu. And all the meme coins that have come in the market are made for the purpose of taking money from investors. And you want to source that people have become rich?

In fact, even if an investor makes huge profits in the crypto market, he does not want to say that there are many reasons behind this. So no one wants to reveal, does not mean that no one got rich with meme coin.

Squid game is still trading at the moment and the 24 hour volume is larger than most coins out there, they claimed that it is now community driven. People can believe any thing, I hope there won't be a repeat of the scam.

There will always a repeat of the same scam strategy as long as there are naive buyers of worthless coins or tokens. Now that they are saying it is community-driven, I believe some are just participating in order to at least get their initial investments on buying this token. People believe that it may be the next doge or shib, the reason why they jump on this hype. And squid game is a hit netflix tv show, so even if the team behind that squid game token is not related to the show, people bought for the sake of believing they will gain much profit but the opposite happens as the creators of the token are anonymous and disappear into thin air after collecting millions of dollars.

i saw a video on youtube showing a live streamer when $squid rug pulls in front of everyone, if we think that people will be deterred then it is wrong, even though there are many fraudulent projects circulating in the market but people's ambition to get rich in one night is really unstoppable.  scams and greedy people will always exist in the crypto market.

actually not only squid game coins but there are still many memecoins that appear in the crypto market and give big losses. that's why I'm not sure myself and never invest in new coins that are booming because to avoid this kind of thing. new coins that rely on the trend will only last for a while but there are still many who are deceived and believe in it. there have been many cases like this so we should be smarter and more careful in choosing coins to invest.

Crypto is a playground where the greedy citizens meet the scrupulous ones. And we all watch as events unfold. And the Squid Game team knows it. So they capitalized on the unregulated milieu to perpetrate their crime to the fullest

As far as rug pulls go, you have to admit that this was one of the funniest of all time.  The fact that the show was about a bunch of people who make poor financial decisions fighting to see which one of them gets all the money, then you have the exact same situation recreated by an altcoin...  It's a level of irony that almost seems too funny to be true.  They say you can't write this stuff, but this seems almost scripted to be hilarious from the start.  If the creator was the one who rugged and this was a plan that was executed perfectly, he almost deserves kudos for delivering exactly what was to be expected from a real life Squid Game.

Well, developers love all sorts of hoaxes and mysteries.=) I think that in this way they are trying to warm up interest in the project and in upcoming updates.

It makes me feel sad that some projects hump on hype and other more perspective ones have to go their way step by step and fight for attention. But what's nice that most coins see dump in a very soon time and natural growth remains untouchable. Hope Crypton will gain its public soon.

The fact that the coin name was created based on the Netflix drama. I think anyone would know this is a scam. I don't know how many people had invested in this project but we all know that this kind of project will not last. For those who exit before the scam then congrats.

Jus make sure not to forget about your DYOR, new coin can bring good fortune if you invest with the right project,
It's not easy though since there are tons of new project that are being created from time to time. Set this scam as an example.
without doing proper research, you will also experience the same fate with those people who got victimized.

I think that's exactly what it's doing at the moment. By the way, have you heard the latest news? Crypton Exchange, the decentralized NO KYC crypto exchange, added a new trading pair XMR/USDT  https://crp.is/exchange/xmr_usdt on the platform. Monero (XMR) is the first third-party coin that has been listed on the exchange that is backed by the Utopia P2P ecosystem.  What do you think about it?

I expected many things, but I couldn't even imagine that there will be such a great news. Monero is one of top privacy coins. And while it is delisted from big exchanges and is banned in certain countries, Utopia p2p team gives it a chance to survive. Can't even imagine how many people will visit Crypton exchange now. I'm sure it will also positively affect Crypton rate.

I don't like to make predictions, but already at the end of 2021, I can say that the coin will grow globally during 2022. Yes, it's silly, of course, to hope that Krypton will replace bitcoin. However, now is the time to pay attention to this project, while the hype has not yet begun around it. And it's already close =)

Some of my friends bought it, scammers take advantage of squid game movie fame. Many people thought the meme coin was official from the squid game. I saw many videos of this coin on various platforms and the rug pull in just a few days.

I actually bought the rekted of the token, hoping maybe something will be picked by their supporters and pump once again, and will cash out without looking back, although I consider it as a loss investment because I had put a little bucks not big enough to shake me.

In fact, coins are used to attract people for a while to attract people. When people are attracted and invest more then it starts to decrease. Slowly it goes down so much that it never rises again. People fall for their greed and buy when they see growth. So there is no way to stop it if the buyer does not verify.

When did they bought? I'm surprised that until now this thread is already alive and still receiving post that makes this shit token get attention. This thread should be closed long time ago since they are proven scam even coinmarketcap and CZ condone and confirmed this.

You should stop posting here or if you are a victim of this scam project. You should hire a lawyer and sue the company or move on and forget everything.

Hmm, it's possible that you're right. It seems to me that even more global developments are expected in the future, which will have a positive impact on the development of the project. We just need to wait a little.

Squid Game has scammed but its token is still being traded in the market. And its daily trade volume is more than 10 Million dollars. And its prices are constantly rising and falling like others crypto-currency coin. I think people are still buying it a lot

The huge number of red flags was compensated by the excessive attention from the media, what can I say if I saw an advertisement for the project on the TV channel. Who came up with this game, who can win a large sum ... People who are willing to take risks, hoping to get a quick profit, or maybe, according to the canons of the film, everyone wanted to be the one who won everything. The bottom line won all one - the organizer of this token.

That's for sure! You're right that marketing moves are important in promoting each project. But, in general, it should be noted that the coin is worthy of it. It was a discovery for me that there could be a privacy coin with its own ecosystem. This can be considered a new level of security.

On the whole, it's not a new idea and there are similar projects. But they don't provide so many options so Utopia seems to be the most interesting for me. Especially after launching own decentralized exchange and listing Monero there.

I see that there are still some Squid game token on the market I'm not sure if this is what you are referring to but just by the name of it, we all know that it won't be there for too long and they just exist because of the hype of the squid game series. It's no surprise that people will be scammed by this groups since they are just relying on the hype and not focusing on the development ad the project itself

Oh, yes! I think you're not the only one interested in this update. Many users paid attention to the project after adding a new exchange pair. I think the developers will still surprise us in 2022

There's no development of this project because it's a scam project in the first place. Some investors was scammed because they are too quick to jump into conclusion that the project will give them good profit without making the right research to determien if it's legit or not.

I think in this time many projects are ongoing but we talk about the squid coin so the coin look like a brilliant concept but the position show that they go to the direction of scam an that type many projects are running in the crypto so these projects owner design that type people invest there money and the project suddenly pump and dump only the owner got a profit so in this time a very risky to invest a meme coin.

And can you tell me the case when it's not risky to invest in a meme coin? Even all those promoted by Elon dumped hard very fast. Isn't it better to choose something more reliable? There are many good privacy coins nowadays, for example. I mean if we don't speak about Bitcoin, Ethereum and other popular coins.

After this petty rug pull we definitely understand the importance of our own research to find the legit coins. Now we certainly notice the red flags before risking our amount. Hyping was high around the coin like any other meme or shit coins but now all realise unnecessary panic buying or selling is not give any efficacy.

I think that's a lesson for everyone that research is everything and if you take any steps without doing research, you will be at a loss. If anything comes with a trend, you don't have to look out for every trend because a trend is another word for fraud, so if we want to keep safe from fraud, we have to check every trend from its depth. Before investing in any project, you should thoroughly research it.iTS's vision is its working progress, its background, its backbone, everything. I knew about it but also knew it was here to loot because there was no linkup with any official portal. And for God's sake, I am safe. So be a researcher. 

This will never end, look at the tab on coinmarketcap which presents the biggest gainers so that it becomes an effective campaign for the project to pump up to thousands of percent, unfortunately I have also followed this trend and made me lose money. now we have to be realistic that the right investment is taking time to be profitable.

in terms of fraud in the crypto world will not be lost comrade,everyone will go their own way..
from a scam with a good start just to attract investors and when it comes in everything will turn black and that's where many people scream to be victims of fraud.
in one case, the squid token has become a good initial example with good marketing, especially now that the game world is the main prestige right now..

I completely agree with you. Perhaps I do not have the spirit of adventurism and a craving for adventure, but I believe that such risks absolutely cannot be considered justified.

In this case i said that i feel very said because these a moon type project are  go to the scam that absolutely rong and this time we cannot clearly said that solid token are go to the scam because very big supporters support a that project so that not prove how loss there Money some time look like that a scam but a few time they rise a 2nd time.

This token is fake. Many scams have come out. Some of these tokens have been scammed. Squid coin tokens have come out continuously.  Hopefully in three months the coin will be in the market and the Akon will be an exchanger

Let's forget about scam and one-day coins for a while as there's a great piece of news. I've seen many looking for a place to trade Bitcoin anonymously.. So Utopia p2p listed Bitcoin on their inner no KYC decentralized Crypton exchange https://twitter.com/UtopiaP2P/status/1480838807935078402?s=20 It's a really great step for improvement.

Damn, this is an update! The year 2022 has just begun, and the developers are already in a hurry to please us with great news.

Yeah,CoinMarketCap has also reported that it received reports from buyers of SQUID tokens that the SQUID website and social media are no longer functioning. Token users were also unable to sell their tokens on the Pancakeswap exchange platform.

CMC already stated that:
With that notice alone, I am not sure who will still take chances to buy in this shittoken in the market. Even if it was still an allegation of the rugging, it's already a red flag for me to not ever touch this coin ever again.
This is just the same as those people that created Corona coin back when the pandemic still in its early stages.

From now Crypton no KYC decentralized exchange becomes the top digital offshore for anonymous crypto operations. The best in all that idea is that this exchange is available from all the countries, so literally anyone can continue trading crypto  despite all the regulations.

I can also share with you the latest update: Utopia p2p was about the development of their own launchpad https://utopiap2p.medium.com/utopia-launchpad-preview-a-new-chapter-of-the-utopia-p2p-ecosystem-4242cd6c4a50. Anyone can create his own token easily and it will be automatically listed on Crypton exchange. It's a very interesting move, I guess.

That is why I don't trust hype created coin and I really do a rigid and deep research first before investing my fund to it. I made sure that I will not fall into a pump and dump or rug pull token.

The Bounty of Squid Coins I did was a very big project and I believed that this project would be much better because the Squad Game movie is so viral and so much better quality so I thought this token would be much better quality.  But when the project was over and I got paid from the squid campaign, I got huge but that token has no value, there is no list of skin parts and I hear from many people that the token has been scammed or the project has been scammed.  But I'm not one hundred percent sure what happens.  But be careful not to trade on it.

And in a row with that ,Crypton and UUSD are going to be listed on CoinTiger and Lbank soon: https://twitter.com/LBank_Exchange/status/1490988812763381763 The previous Crypton listing ended up with 1000% growth. It's interesting if the same thing will happen to it now.

Oh, wow. I haven't seen this news yet. Look, I think that's a good sign. In addition to increasing the level of trust among ordinary users, it can also be a sign of the next jump in the value of coins.

As I can see now, after the listing on Lbank, Crypton is still about 1$ in rate. Nothing changed yet. Let's hope for CoinTiger listing. Anyway, it needs some time until people will learn the information about the coin and start operations with it.

Did you mean this? https://coinmarketcap.com/currencies/utopia/markets/
It goes down so hard due to the bitcoin bearish trend but i would not be surprised to see that happened. Low volume and garbage exchange sites. These things make crypton very volatile at this moment. Im also feeling confuse to see that what you have discussed about, you said crypton but this topic was about squid game token which traded on lbank while crypton was not.

So, what crypton is? it's only on latoken and p2pb2b. Lbank will not give a big change and it will be adding small volume to the CRP. I do believe it needs major exchange site to change everything.

Well, you may be right, however, do not forget that adding a coin to a popular exchange costs a lot of money. Where did such sums come from for a non-profit project? Therefore, it remains only to observe the slow organic growth.

In which most small project are having difficulties, being added to a big and well-known exchange needs a huge amount of money
to begin with, if there's no budget from the developers and there's no big support coming from the investors, it won't happen unless
the progress will attract new investors and traders to support otherwise, it's needed the wait for small progress..

Are you sure? :) You'd better make a research before telling that. Here's Crypton on Lbank: https://www.lbank.info/exchange/crp/usdt And today it's also listed on CoinTiger: https://twitter.com/CoinTigerEX/status/1498149392905236486?s=20&t=abbaAbE-wei29RZGsys-7w I like the fact that listing goes together with a give away. It will only burn the interest.

I think their target is people who are new to cryptocurrency because it is very easy to get them to buy. with a little sweetener consider 'meme trend' makes squid game so popular. Even though the Squid game itself is still relatively new and cannot be seen at all seriousness. the saddest thing is when the token is abandoned by the developer and the liquidity in it is sucked out by selling all the tokens they have. anyone experienced with shitcoins will ask if dev tokens are locked and liquid pools should be locked. so events like squid game are never targeted at people who are experienced playing to buy cheap coins or other meme coins.

Well, yes, I wrote about it above. It's strange to expect large sums of development money from a non-profit project without investors, isn't it? That is why I have always believed in the potential of this project.

I can't believe that Grin memecoins and so on, I will always choose any coin with any technology which is definitely great, in my opinion, any coin without any great technology then it is doomed to be scam or discarded. most ICOs after they get more profits than planned then they will run and cheat a lot of people or what we usually say is they disappear.

I'm sure that utopia p2p proved already that the project will not just vanish. They work hard on it. The other thing is that the world economics is facing not the best times these days. So it's hard to predict how it will affect the crypto market. But let's pray for better. Now every person need to have some funds in cryptocurrency. Just in case.

YES, it is difficult and almost impossible to predict. However, you should not give up the opportunity to make a profit. I think it might come in handy in the future. But of course, I hope for the successful development of the project and the growth of the coin.

I think that now many scam coins will appear again as people from certain countries now look for a place where to keep their money safe and where to get easy money. And it's not really good, I think. Many of them will choose something trustful like Bitcoin, but there's a chance to lose a lot on great scammy offers.

In fact, Bitcoin can be purchased on the Crypton Exchange from the Utopia p2p project. Anonymity and security of the exchange are its main advantages. As for the appearance of scam projects, this is inevitable, so you should not believe the promises of profit.

This is will be a terrible experience. For those that invested when the price was at a thousand dollars and above. They won't forget the experience in a hurry.
This is what FOMO do cause. Investing without carrying out your research. I pity those that invested in a coin based on it was hyped by many.

And such people will continue to exist forever, I'm sure. That's why scammy projects always appear. I've decided to stop on Bitcoin and Crypton privacy coin from Utopia p2p. As I'm sure in these projects. Moreover, both of the coins can be traded anonymously on no KYC decentralized exchange htps://crp.is/ It will be available despite any regulations and privacy is a must nowadays.

If I'm not mistaken, Monero privacy coin was also added to this exchange. At the moment, it is one of the most interesting and secure features of the crypto world.

I think you need to rethink on this decision that you have stopped on bitcoin. Why you have to stop investing on bitcoin if it is the most desired crypto asset and investment by everyone?
I have a feeling that you have misspelled and typed it wrongly that instead of saying of investing, you have said it as 'stop'. I hope that it is the correct word and not stop.

Yes, you just misunderstood my opinion or I've chosen the wrong words :) I meant that I've chosen Bitcoin and Crypton as 2 main coins for myself. Bitcoin as it's a top coin that won't just fall and disappear and Crypton as a privacy coin that can also be mined with a mining bot.

Why is this shit coin (SQUID GAME) still trading with 1.5-2 million USD daily turnover?

I think you're right! Any crypto enthusiast somehow focuses on bitcoin as the main coin. To invest or not is a personal choice of everyone =) However, everyone also chooses how and most importantly what to direct their attention and finances to.=)

That's strange... I thought that creators withdrawn all the money in a few days after the hype. Moreover, people should already understand what is scam and what is not. Maybe they decided to remain on the market as they understood they'll gain more without removing the coin from the exchanges.

Hmm, I should study this issue a little bit, because I can't understand the conditional profit of those who have not withdrawn funds yet. The mechanisms are not clear to me, but I think that such coins will continue to appear and there will always be users interested in quick profits.

There are experts, which know how to earn well on new coins. But it remains to be a risky trick, so novices should not better try that way. You need to have enough money not to suffer much if you'll lose on such action. But of course, in a long term, it's better to play with top coins.

Experts also never care about newbies in the crypto space because they are also working for themselves in terms of making a profit and running their own business if that exists.
So why expect knowledge from them if they don't intend to give it sincerely and sincerely to others.

I agree with your words. What's the point of helping others for free? Especially in the context of making a profit =) But still, even experts can make mistakes investing in hype projects that eventually turn out to be a scam, for example.

Is this coins still alive? last time I saw it is it is trending in twitter about the exit scam the devs done in this project, I really hate to see such coins that are using trend topics or news and make money out of it. Last crap coin I see is about Will Smith coin after what happened to the Oscar event.

That's huge

one of the biggest coin scam in 2022, if you ask is it still alive? Of course the answer is still, because every token created will continue to exist,
what dies is the developer, the development of this project is a fraud, so why should it be discussed again?
many people are deceived because of their own mistakes, even though the tokens have been made with the exact name of the film,
and the storyline is also the same, why buy it?

Putting our money on meme token is very risky indeed, we should be ready if we lose all the money later.
It is better to buy top coins indeed, but some people like risk because they can gain more profit with higher risk.
We can look at the success meme coins, the holders could get 100x or even 1000x profit if the token goes well.

And that's also very rare nowadays because experienced people are usually very thorough in looking and looking for something useful and don't immediately believe in anything new and also won't spend money carelessly into projects that have no general use.

A lot of people make a living off running fraudulent cryptocurrency schemes like these. They launch coins, pump them full of volume, then dump the coin and disappear.  There's no way to guarantee any investments will be safe, and this is especially true if you're trading altcoins your understanding of which is limited. That said? It's still possible to get rich quickly from crypto investing, as long as you keep in mind that it's a risky business because a lot of cryptocurrency startups are fraudulent and will end in tears for their investors; these scams happen all the time.

These kinds won't stop and people won't stop investing in it. If you made profits during the regular meme seasons then you will understand why these projects types thrive when they come around. It's simply because you can use little to make huge profits if you bought in early enough. That's basically the scenario.

I hear about this mechanism more and more often. But what's the process of behavior in order not to lose everything you invest in such one-days coins? How to know it will bump and how to guess when it's a final moment to withdraw everything? I know there are lots of people making huge money on such schemes..

Yes, I was also interested to find out how to come to this? I am interested in the algorithm itself, because I am trying to calculate the time and amount of effort that needs to be applied.

Most often, only the developers of these tokens earn, and those who say that they have earned a lot most often lie.The recipe for success is very simple: ignore these projects as much as possible and do not take part in them, then your funds will be completely safe.

Not sure what the point of the continuous discussion was, but this is already a dead coin. I am pretty sure people had already moved on from this overrated series and the memes are right now are focusing in Will Smith's slap for sure.

---

I forgot to mention that Will Smith's slap coin exists, lol.

even though you already know that this token is a scam token, but why are so many people interested?,
what is the underlying reason for you all? I'm really curious about it, we know how the story of the squid game in the movie is right?,
Yes! only one winner, and the winner is their own owner!

I believe it is the thought that a lot of people are wishing that they got on board when SHIB was not yet popular. And when this squid token came up, they were thinking that maybe, it was their chance to get a hold of meme token that will give them riches. But unfortunately, it was not the case here. The owner/s of this token really did live up to the mantra of the game.  :P

This is a good lesson for many people, so as not to invest based on hype and rely too much on other people's opinions. We in determining the project
for investment must do research and analysis first, to avoid us investing in scam projects. Then another important thing is not to be obsessed with
making big profits in a short time, that's what takes away our vigilance in the end. It doesn't mean that the Squid Games film is a success, then if
there is a token inspired by the Squid Games film, it will be successful too. This is just the project owner's cleverness, to take advantage of viral things
to generate personal gain. So for all the victims of the Squid Game token, make this a lesson for you, that you should be more careful in the future
if you want to invest. Don't invest in projects that we don't know well, because our risk of losing is very big. Make sure we study and know the projects
that we will buy first.

by looking its name , personally i am worry about their honesty and quality. in squid movie,everyone described die and from here i am suspect is it will have same condition  for investors?unfortunately it really happen , dev team selling token and run with money around $2 millions from investors. sad story for us ,but next time we should learn and dont speculation to everything that viral tokenized.

Haha, what?? Really? It's now interesting to see how many people already invested in it and what's the rate?

Yes, but this is the greatest paradox of marketing. People continue to be interested in this coin, despite the ever-growing number of messages and the fact that it is a scam.

one of the problems is that they do take different form each time they come. now there are high APYs just like ponzi and very many people are doing it. so it wont stop as long as people keep patronizing them. its all about first in and first out. people need to get more wiser.

They will follow every hype for the opportunity to deceive many investors, now many potential scam APY projects are in the list of new projects but I really wonder, why investors don't get tired of being caught in the scam circle. They must be wise before deciding to invest in the wrong project.

Sometimes I really wonder why and how people still fall this kind of shit. It is very clear that it was a scam, but some persons still play blind and invest in a project without any future whatsoever. I don't blame the dev, I blame the investors for been gullible.
I know one can never be too careful when it comes to cryptocurrency, but then, for this particular project, the red flags were there, but it was just ignored.
And even if you must invest in this kind of project, never invest too much.

And I have good news for those who're interested in NFT and actions dedicated to that. Utopia p2p project just announced a collaboration with CoinTiger exchange, where they sell the Mystery boxes with Utopia branded exclusive NFT stickers collection. And the price is pretty low, I think I will participate, who knows what will happen next. Details: https://twitter.com/CoinTigerEX/status/1519579096006623232?s=20&t=4lTxrOPcarlwmZpioucZYA

I have only recently started to be interested in NFT projects. And very timely Utopia p2p released an update. I think I'll take a closer look at this mysterious project and maybe get something.

From today all of us have a chance to participate in Utopia P2P Meme Campaign and win 10,000 Cryptons for making funny memes! More details: https://utopiap2p.medium.com/lets-begin-utopia-p2p-twitter-meme-campaign-total-bank-of-10-000-crps-4738d5d69f89

Are you going to take part in this campaign? It seems to me, or has the amount of remuneration increased since the last campaign? If so, then this can be considered another confirmation of the growth and development of the project =)

I'm very curious, because the series was great, what I can't explain is how at one point it managed to have so many buyers being a scam, I still remember how they raised the price to lower it as if it were a big bubble, whenever I see this currency comes to mind what happened.

I think people get too carried away with things that are big and trendy, like on the show, and they don't really mind putting a lot of money into it, it doesn't matter if they lose, they just want to be trendy. What I see on twitter is the pre-sale that was on April 28, and normally these types of contests are informative, I ask how that pre-sale went, was it an NFT?

As I've understood it was just an NFT sticker, so the NFT collection is developing now probably. In any case, I think that you can find the results of the campaign in the official CoinTiger social networks. Or on their website.. As at the end I had no time to participate and missed the moment.

Oh, the development of an entire NFT collection will probably attract the attention of even more users to the project. Isn't it? And the interest of collectors, in the case of NFT creativity, should not be forgotten.

Well, NFT is still on hype, especially as the whole crypto market had lost in value. But there's another good news, Crypton privacy coin was listed by the Hotbit exchange in a pair with USDT https://twitter.com/Hotbit_news/status/1527122277711564801 As USDT becomes as much popular as Bitcoin these days, it can be a great supporter for Crypton to rise.

Oh yeah. Such news is. a sign of the stable development of the project. This shows that the level of trust in the coin is growing, and the audience of interested users is also growing. Therefore, I agree with your words.

It shows that all these factors WILL grow as only developers decide whether to list their coin somewhere or not. It's just a mean of further interest growth. As the more trusted exchange will list the coin, the more trust it will get from the public. I still wait till they will list the coin on CMC.

Hmm, these are very interesting words that I would like to think about. Yes, I certainly agree that the pressure of the coin on popular exchanges increases the level of trust in it, but at the same time, I want to understand how it works in the future and what impact, for example, users have on it.

Then you better check the processes of such work somewhere on related websites or in crypto creators' interviews. As seeing everything from the side of a buyer, I won't give you the full answer. Crypto world is very unpredictable and I don't fully understand how the coin growth happens and affects it.

Hmm, yes, of course. I just wanted to know the opinion of a real user.Since I have a number of questions so far, there is also uncertainty among them that it is worth trusting hype coins. It seems to me that projects that develop naturally are more reliable

The growth of coins or cryptocurrencies that have ever occurred cannot be separated from the many enthusiasts and also from developers who are really serious about the products they have made so that the results of their development can be very visible, although at one time it could experience a setback through several factors. which can greatly affect such market conditions.

It's very clear that a project that can grow naturally is always stronger than a project that goes viral or is famous through hype, because hype only lasts for a moment even though it can develop quickly. But projects that can evolve naturally are always better to trust even if they seem to take a long time to develop.

I wish there will be more people like you, who understands that. As I always mention Utopia p2p like example and many say that it's a scam, no matter it exists for several years and continues developing.. I believe that it's exactly right way to grow.

Yes, I agree that this project has been unreasonably accused of unreliability. The latest news only confirms this: Hotbit had already listed UUSD on June 7th, 2022
You can find more here: https://bitcointalk.org/index.php?topic=5343944.new#new
Another good news about this  project, I think

This is the reason that never join the hype especially tokens named to a popular tv series show, squid game because in the end it will scam many people. This is a degen type of the project, a pump and dump, rug pulling people who bought at the top and exit afterwards. Many similar bsc project had rug pulled and this is not the first time though.

But I've heard that it's still possible to earn even on such coins. You just need to catch the right moment. But it's very risky as no one can really know when rise or fall will happen. For now the best position is to invest in top coins while they're low and just wait. I'm sure that great rise will follow.

Yes, there will definitely be a rise, but I think we should not expect it to happen too quickly. 2022 is a time when you need to slow down and not count on a quick and big income. However, just have to wait I think. And choose a decent project, of course

I've already invested in several coins that I consider to be the best option for now and simply chilling participating in different give-aways and airdrops. Now, Utopia p2p holds a summer give-away and each week prize pool is 500$. That's the easiest way how to earn in the meantime. Just check their official twitter https://twitter.com/UtopiaP2P If you'll keep your winning prize, you can get even more soon.

yeah. It looks like a really remarkable opportunity to get money just like that! And given the organic growth of this coin, we can expect a real, not a mythical increase in winnings. By the way, are you taking part?

The fact that such facts periodically occur is a very sad fact. Such situations cast a shadow on the entire cryptocurrency industry.

Sure! These are such an easy money and takes 2 minutes to participate. So why not? Moreover, speaking about Utopia p2p project, I want to note that they just released a mobile version of the software. hoorraaaay! I think, they were speaking about it for 2 years and now android beta version is at least live: https://medium.com/@utopiap2p/beta-version-of-utopia-p2p-mobile-app-has-been-released-31ef9cc7bfbb

I hope that you will be lucky and you will get your winnings! As for the news about the beta of mobile version, I am pleasantly surprised that it finally happened. Too bad I'm not an android fan.

I'm sure that iOS version will be also released soon. Maybe it's a little harder to pass through their police while you prefer to remain anonymous, but I'm sure they'll find the way out. For now it's not very impressive, it's just a chat, but they have to start with something and it's really great it happened at least.

Oh, yes, I'm looking forward to this version. Then I can take part in the beta test =) And, I hope that after adding this application to the appstore, users will definitely, once and for all, have no doubts about the reliability of this application!

I'm not sure what's the connection between adding the app to the store and the reliability of the application. There were scandals already connected to scam projects added to the markets. It's impossible to check everything for sure. Desktop version users already know that project is reliable. And as for the new users, a great promo has to be done.

Hmm, well, why, isn't the project being tested before it is added to the market? Although, of course, I can be wrong. As for the reliability of the application - any sober-minded user can easily figure it out on their own. All the information is on the surface.

I just meant that you should pay more attention to the history of the project, its security, etc. And Google, as a corporation, does not inspire my confidence for quite a long time.

Short answer is no it won't ever end.  Why you ask?  Simple, greed.  If people are hyping something up, especially in a bull market people will put theor money into anything just hoping and praying someone will buy it for more.  The fact that they squeezed that much out of people is sadly hilarious.  I mean what did people think was gonna happen lol.

Reliable for what? have you getting paid to talk if this scam token was reliable enough? Are you drunk or what? the fact that this token became nothing for now. There's no need even to call that as a good coin anymore. Everything about this token was related with bad things.
Bunch of people have been watching when youtubers were seeing it goes from the top to the bottom in a few seconds. Accept the truth if that was a scam token.
There's no doubt about that. No app. squid game token was a scam token. Forget it. You will get nothing from this token.

Hey, maybe you're drunk, dude?=)) Actually, if I understood correctly, he meant Crypton $CRP - a private coin that has been successfully existing for a long time, and continues to grow organically even now, when the rest of the coins are flying down.

Bro you're continuing on with this charade that you're having an actual conversation about this shitcoin? Does that actually drive any sort of meaningful sales? You're way far off-topic in your own thread. If you want to buy a real shitcoin buy Shitcoin. The details are in my signature. Or you could buy Squid Games I suppose.

Clearly, another advertisement for a new hype coin that will deflate in no time. If you were a real user, you would at least follow the development of this token and the project itself as a whole. Your words do not even want to comment.

Shitcoin 3.0 is not a new token, its almost 8 years old!

Look at the name of your ticker  :D  we should probably form a partnership   ;D

https://i.imgur.com/UX8lPa1.png

This was undeniably one of the best memes to come out of crypto in the last year.

Hmm, I haven't heard anything about this project. If so, I wish the project success and many more years of successful existence, which is worthy of any project that does not set out to deceive users.

One of my friend told me this coin about the film squid game from the famous korean series. It's funny cause i almost bought this and then realized that this is just hyped coins and in a mili-seconds the founder can dump a lot of this token, I actually feel sorry for those people who buy this meme or what they called shitcoin, for sure they were surprised aswell when the value drops. Well i guess the saying is true "Every mistakes has a lesson"

New hype shitcoin?? Being so clever you could check everything on your own first before you've started blaming me for something. The coin is not new, it had no hype and now, while the market is going down, this coin continues to rise :) So you can continue joking and following anything you want. I see no reason discussing anything with a person without any knowledge about certain things.

yes i remember that days as today. however i have completed the airdrop of them. i received considerable amount of tokens. unfortunatly i couldnot sell at the top, if i could sell the top it could be more than $500. how ever i sold those tokens for $15 i remember. that was a huge huge scam in my memory. the reason for that unbelievale pump was the  famous ' Squid Game ' tv series was very popular those days.

I lost 500$ to a meme coin scam too but I already knew that losing is unavoidable when dealing with meme coins, the only meme coin that gave me the highest return was baby doge, I even missed out on Shiba inu, many people win lots of money and many lose a lot of money.

It's quite disheartening having to recall this project and the pain it brought to several people. It was actually the project that made me realize how rug pull works. I've never imagined that it is possible to prevent selling of a token by making some adjustments to the smart contract. The point is that we tend to learn and know more by experience in this industry.

The thing about meme coin is that if you know how to get profit from that really quick, then you are most likely the winner. Just for example SHIBA INU was really hype and people buy it more that makes the price really high, if you can get profit from that pump really quick then you can do it. After that, you shouldn't touch that meme coin ever again. Every split second is really beneficial on these shit meme coins if you don't want get fucked.

I had a lot of squad game coins.The price was about $800 may be.But suddenly I did not understand what happened.  Now the price has come down to 50$.I am very dissipointed. I was also investing in Squad Game Tokens.But later found out that Squad Game scammed $2 million.Day by day the coins are just scams. Because of this investors lose faith and reduce their investment amount.  We don't know when we will get rid of this scam.

To be honest, I have always been amazed at the level of aggression of some users. YES, I respect cryptophanes and their preferences, but I think it's worth treating other users with more respect.

Then why do you jump into this scam? Isn't it better investing in some well-known projects? Or projects like Utopia p2p and their Crypton $CRP coin that is only developing with time? Want something new to play - pick such projects, there's a minimum chance of losing everything if it's developing day after day. Moreover, it's price is rising rapidly, while the whole market is falling.

unfortunately, there are quite a lot of such cases in cryptocurrency, and with that, scammers like to create "scam projects" on the hype and many losing their heads carry huge sums simply because of the name

He may not be aware that this is a scam token. Investors that seems to play ignorant with what they buy are likely the ones that will lose their money to projects like this.
Being not aware of what the project is all about is like wasting and throwing your money into air and you're not expecting it to be back. Whilst these scammers are enjoying the money of their victims. No one should support and invest into scam projects because you're just feeding these scammers with your money.

Scammers usually have ignorant investors as their target. Even long-time investors have fallen into their trap because some of them put their false hope on this meme coin. Squid game token has been hyped and scammers have taken advantage of it. That's why even famous and well-known projects are risky. It's still important to check on the potential of the coin as well as the tram behind it first.

Newbie investors wouldnt really learn their lesson until they would be experiencing it for themselves and this thing would continue since scammers are just waiting for the right time for them to get in.

Whenever there's a hype or trend then they would really make use of it on scamming out those fool investors who do believe that a certain coin or project will really pump out its price.

Well, there are risk takers or who do gamble out their funds on something like this and able to make money somehow on some selected projects but most of the time it is really just
built up for some hype and then die all the way later on which would result into losing funds.

You are right, I warned my friend to avoid investing in new projects and hype coins because I did some research and found indications of scam projects, but he didn't care because he wanted high returns on his expected investment, he ended up suffering losses and there was no hope for price recovery and his worst experiences from investing in new projects.

Yes, they know who to target and that's why they keep on doing projects like this. Although on this squid game token, this has already been exposed. At the same time, we don't really understand that where these people were when most articles have been published telling that this project is a scam. They should stop investing on it no matter what it promises because those are empty promises and the hype that they're believing on it will be gone, typical pump and dump and scam projects.

I literally dont know why people gets so attached to those meme coin and pump their money so quickly I mean what basically might happen is you get screwed if you dont get out quickly and you lose lots of money My suggestion is try it out with small money you dont mind losing and maybe you make 10x out of it and lose it That way you are much more careful

Yes, but in the case of new and sharply popular coins, I think it has become very important to first verify their reliability, and not run on the lead of the crowd. Scammers have no conscience - their goal is profit.

Okay, how is it possible to check the potential of the coin and get sure that it will bring a good income to you? Even Bitcoin loses so much for not the first time that it's impossible to predict what will happen and when. So how can anyone be sure in smaller altcoins?

one of the memecoins that really makes investors like gambling, moreover this token has also been listed on GateIo,
of course this really confused me, even though there are no project developers and no roadmap, and the whitepapaer is not clear,
this is project Rugpull! , it's a shame they support Squid tokens on their exchange

Squid game tokens is a big scam projects that have extorted money from most people and also teaching them a very big lesson in fraud. The time the movie got launch on Netflix, before I knew it, thousands of people came to watch and anticipate in all parts of the movie episodes. Some gigantic Whales interested in the project dominated and invested heavily in the projects. People were hoping to see like $1k to $30k in their various wallets but were shock by the motive which projects triggered on.

lol it has been years after this scam accusation yet you are talking as if this is a fresh case?  ;D

Gate.io isnt a good place to trust when listed so lets see what would be the next plan for this.
well Squid token is a complete scam and there is no one to be blamed here but your confusion will make you decide wrongly.

I also saw this coin many times on that time but I don't know why at first I thought it will be a scam token. Even then Many promotions of it came before me still I didn't invest. Because I think mainly these new token or trending alt-coins are not reliable. Many people went to invest with the desire to earn more profit in a short period of time and they are the victims of scams. I would like to suggest to all who come to NEXT to invest carefully in any coin like this.

Yes, of course you're right. And if the fall is definitely temporary for bitcoin, then for other projects it may turn out to be a fatal collapse. That's why I'm getting more and more interested in organically growing projects.

The ones you mentioned here are not mentioned in the roadmap.  I think that if we invest in any token, we will know all about the project. After that we will invest. Otherwise, we will face many problems.  So we have to be careful all the time.  And everything has to be looked at.  There are some projects that people cheat with.  We should stay away from them.

Just FYI, its quite obvious you've been talking to yourself this whole time. Both Starkick and Sethrey are your accounts. What are you hoping to accomplish exactly? Almost nobody reads this forum except for shitposters-for-cash, and they could care less about whatever it is you think you're advertising. I suspect you've also somehow convinced somebody to give you a few sheckels for promoting whatever pump-of-the-day is available, though in a more roundabout way? Genuinely curious.

Thanks for your clarification.

The same Netflix whose shares have fallen like another shitcoin is doing a documentary about another meme scam project. There are plenty of scams that have happened in the period of the last bull run, Luna is not excluded from the listed after the foundation allow UST to fall, the meme coins to me are all shit projects including doge and Shiba but you know, people will choose shitty stuff over good projects and when they lose all their savings for wrong moves, they blame the entire system for the own mistake. The best way to avoid these problems is to buy good projects and avoid shit projects.

Good for you! I never say to fully avoid such projects, but they're so short-term that you should know the right moment to hop-out. As it's possible to earn on it, but better to choose something more reliable and checked with time, of course.

Hmm, all those users who hope to get rich quickly at the expense of hype coins are fools. Faster than they become popular, these coins are only falling.

It wonders me on the whole how do people invest really big amounts of money in something new that just appeared in some news and was mentioned by several people, that are not even big crypto influencers. Most of their announcements were paid for. So it's better to think twice.

And exactly due to that I wonder how there are still so many people believing in this stuff. I can't imagine myself running for a new hyped coin, brightly believing it will make me rich in 3..2..1.. No matter I give chances to less known projects. But I don't put everything in them.

Exactly. But the whole thing is in patience. Who can wait for the result for a year? Only big investor which doesn't even check the rates every day. And small representatives looking for fast and easy money believe everything should just happen fast in a magical way.

I just came to a thought.. Did "House of the dragon" or "Lord of the rings" coin already appeared? As they seem to be the next hyped series around the world. What I will fight for is Game of Thrones metaverse or at least NFT. I'll go and search for it now.

These kinds won't stop and people won't stop investing in it. If you made profits during the regular meme seasons then you will understand why these projects types thrive when they come around. It's simply because you can use little to make huge profits if you bought in early enough. That's basically the scenario.

very interesting if GOT does launch its NFT, maybe it will create more NFT hype,
because GOT is indeed much more successful than Squidgame, this is why we must support GOT to have its own NFT

most of the meme coins are bullshit, their team has divided what tasks they have to do on social media to create a big influence in the media, and besides that they are very good at deceiving investors by influencing the price of their tokens, some are creating hype their token before being launched so that many investors are interested in the memecoin. this is how they commit fraud.

A very interesting assumption, however, I am afraid that the popularity of such coins decreases sharply after the end of the series and the fall in audience interest. Although, perhaps, in the case of the NFT, everything may be different.

Despite the fact that you are already aware that this coin is a hoax, why are there so many of you who are interested? I'm very interested about this because, according to the movie, we already know how the squid game's plot unfolds.
Yes! There is only one winner, and that winner is the individual!

I know this scheme, but there's no certain script for all of them. You can have some time to get enough income, or you can miss a single moment and lose everything. As in order to earn well, you have to invest serious amounts at the very beginning. It's not about putting 10$ in and withdrawing 30$.

The only thing is that I have not been able to understand the phenomenon of the popularity of these projects among users. What is it? Is it excitement? Or just lack of information?

Because all people, unfortunately, are subject to hype. Everyone wants to have time to hit the jackpot, but this is not always possible.