What do you think about Squid coin?

[Woodie]

I have just learnt of Squid coin which is based on one of the popular Netflix shows "Squid Game" and is already trading on the markets and has posted some big gains in the last couple of days too.
SQUID is already trading above $2 which is a 2,400% gain , and its market capitalization is above $174 million which is huge for a new coin!

Do you see Squid continuing being bullish?

Are new investors late to grab themselves some squid?

Is this a coin you could recommend to someone else ?

[TopTort777]

Someone tries to hype on a famous tv-series, that is it. I think squid hype will end in a couple of months. Just wait for Musk to tweet something new and squid coin will be forgotten. Besides squid coin there is squid nft already. I think this will have more long "living" period, as NFT are in trends right now. And I think that as soon as squid coin gets a copyright claim, it will die.

[Ararbermas]

It's not yet available in trading view? I have see a squid project but you can pair it with bnb only and can be trade in just 2 exchange such UNISWAP, PANCAKE SWAP but the price is below $1..  Btw it's not surprising to see such hype if that coin really exists mate because indeed squid game is a very popular movie, so very normal that the project itself cannot get more attention in the internet. ..and fyi that squid that I've mentioned above is up by 200% as well which very amazing.. But sad to say not yet available in other exchanges like binance.

[livingfree]

I won't recommend that with anyone I know.

The gain of it is worrying because it could do a rugpull anytime. Those that have bought early, they're good as taking their profits at any time before some unexpected things might happen.

Do not caught by hype guys.

[Sterbens]

Would never recommend to anyone to invest in a situation that relies on hype just because of the trend of the Netflix movie series, then used to trick fans as if it was their token.

That would be very reckless and even those tokens have been revoked liquidated and are now abandoned by the developers after taking profits.

The gameplay is the same as in the movies, but will only kill buyers in the market and be difficult to resell. So it's too risky to follow the trend that scammers are trying to present.

[Coin_trader]

I saw there  ads often times on Facebook during there initial sales, I thought no one will gonna take seriously on this coin because the developer is clearly just using the hype of the famous squid game show for there own sake. I was surprised seeing this speculation thread about asking the future of this coin and more amaze that the marketcap exceeds 100M USD. This is a total mayhem from I any angle I want to view this project and people is still putting huge money for this coin. Stay away while you can. They are using other franchise name as there own so if this team has a legal advisor on there side, They will not pursue on this shit idea.

[wheelz1200]

I have just learnt of Squid coin which is based on one of the popular Netflix shows "Squid Game" and is already trading on the markets and has posted some big gains in the last couple of days too.
SQUID is already trading above $2 which is a 2,400% gain , and its market capitalization is above $174 million which is huge for a new coin!

Do you see Squid continuing being bullish?

Are new investors late to grab themselves some squid?

Is this a coin you could recommend to someone else ?

Rediculous at best.  There is no reason for that to even be a thing.  These tokens are all just ponzis.  People hoping other people buy it higher then they did.  Straight gambling that's all that this is.

[harizen]

Not a fan of any coin or token that was derived from a certain show or personality.

Even trading it by fun can't lure me. And now with that insane 2,400% gain, it's common that others will be on FOMO status. It's not that we have seen this for the first time in the crypto world.

People should already know the drill and at least know what's the best approach in a situation like that.

[maju69]

Using a busy service is a great way to trap newbies with coin memes called Squid. It is inevitable that there will always be many who are interested in buying, even though the unavoidable risk will only cost us our money. It can be easily discarded and then reappeared under a new name according to the hype.

Recently, coin memes have become increasingly popular, and even coinmarketcap and coinecko have listed memecoin names as the most frequent trend.

[Oilacris]

Not a fan of any coin or token that was derived from a certain show or personality.

Even trading it by fun can't lure me. And now with that insane 2,400% gain, it's common that others will be on FOMO status. It's not that we have seen this for the first time in the crypto world.

People should already know the drill and at least know what's the best approach in a situation like that.

You should really be careful on dealing with certain hypes which is derived from current trends on the market specially on movie industry or even with those casual trending status which they do really make some attachment into a particular coin.

The people would only make out profits is to those people who had able to get in too early but other than that then you are just simply
making yourself a risky move because high chances that you would really get caught yourself into the dump which would really
leave you on long term hodling.

[stomachgrowls]

Did make some search and found this.

https://www.forbes.com/sites/lisakim/2021/10/29/a-crypto-token-based-on-squid-game-is-surging/?sh=527643672340
https://www.cnbc.com/2021/10/28/squid-game-cryptocurrency-up-nearly-2400percent-in-the-last-24-hours.html

So everythng was clearly because of hype.I wont touch this even with 10ft pole.

[samcrypto]

Someone will always take advantage the current hype of something and with this one, the hit series on Netflix become a crypto fooling people that its actually part of the original Squid Game which is not at all.

I see the current pump is just a pure hype and will die later on so better to be careful and if you think its too late to buy now, better to look for other opportunities.

[AhmadM]

Just found out an interesting article^[1] about this squid game, it is said that community had suspected squid game as a scam project.
People weren't able to sell the token on pancakeswap, not to mention CMC has given a warning note on its token page^[2].
You would find more red flags on the article below 

[1] https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains
[2] https://coinmarketcap.com/currencies/squid-game/

[rhomelmabini]

Do you see Squid continuing being bullish?

There's nothing as a continuous bullishness, if you mean on the short term then it's highly possible but everything has its exhaustion and likely oversold area.

Are new investors late to grab themselves some squid?

You just said it's new and I think it's not yet late in this FOMO. Just a word of advice that it always carries risks and since it's new and market cap is not yet huge and even huge ones aren't an exemption to pump and dump scheme.

Is this a coin you could recommend to someone else ?

Hell no, especially for a newbie, perhaps those who have risky appetites and those who have some money to be spared or can afford to lose.

[traderethereum]

While I tried to check on CMC, I read about:

"We have received multiple reports that users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise caution while trading! This project, while clearly inspired by the Netflix show of the same name, is unlikely to be affiliated with the official IP."

You should be careful trading that token as we do not know if the project can increase or go down for more.
Yes, the price can increase quickly, but that token was only listed on Pancakeswap so I think that token needs to be listed on the major exchanges to continue getting a bullish trend.
Without that, I am not sure if that token will attract the investor's attention.
The important thing is you need to be careful to trade on that token.

[shinratensei_]

Do you see Squid continuing being bullish?

Scam token and you must read this as refference
https://finbold.com/warning-multiple-squid-game-token-investors-reportedly-cant-sell-squid/
https://cointelegraph.com/news/users-not-able-to-sell-squid-game-token-clocking-45-000-gains

People can get in but they can't get out. that means liquidity got trapped and only developers who can access it.

Are new investors late to grab themselves some squid?

It's better if you at least grab some latest news about that. People can't sell their tokens. If they can sell it and so many people will be dumping their tokens.

Is this a coin you could recommend to someone else ?

Are you joking, right? Why would we recommend a scam token for someone else?

[blockman]

Is this a coin you could recommend to someone else ?

Ask first ourselves why should we? Aren't we putting the money of the people we're going to talk about it at such high risk? You'll be liable for the loss of that person if you're going to recommend such a coin that you're not even sure about. I'll suggest bitcoin and ethereum and other altcoins that I'm confident that are good to invest but with this, I'll be putting my reputation to them personally in vain if I'll suggest a coin like this that there's no assurance and just built lately which doesn't have a clear future.

[gwdf1]

Based on the South Korean series "The Squid Game" from Netfliix, a platform called Squid Game was launched on the BSC network with a SQUID token that cannot be sold after purchase. Squid Game is a cryptoplatform for games and earnings. An online competition with six rounds will begin in November. To participate in each of the rounds, you need to pay a certain amount in SQUID tokens, which increases as you approach the final.
In the sixth and final game, the entry fee is 15,000 SQUID or $100,000 equivalent.
⠀
The pre-sale of coins began on October 20, and, according to the official technical document, the entire offer was sold out in a second. SQUID has risen in price from $0.01 to $6.80 in just a few days, and the token itself cannot be sold on PancakeSwap. The project says that the developers have provided an anti-dumping mechanism that prohibits investors from selling the coin under certain conditions.

So actually, I don't really trust this project.

[galambo]

Would never recommend to anyone to invest in a situation that relies on hype just because of the trend of the Netflix movie series, then used to trick fans as if it was their token.

One thing which I was thinking about squid coin is that is this coin really backed by squid games production house. Squid game so far has generated around 1 billion $ revenue, if this coin is really backed by production House of squid game only then it can be worthy for investment otherwise it will be just another trump coin. Trump coin was popular during Donald Trump era as president and went down as soon as he lost elections.

[tarable]

One thing which I was thinking about squid coin is that is this coin really backed by squid games production house. Squid game so far has generated around 1 billion $ revenue, if this coin is really backed by production House of squid game only then it can be worthy for investment otherwise it will be just another trump coin. Trump coin was popular during Donald Trump era as president and went down as soon as he lost elections.

There are several coins that use the Squid name now but if you only look at the Squid Game coin, then in general the value is also very extraordinary and will become a special benchmark for other Squid tokens in the market and have the potential to be developed by their respective teams. each at this moment