SQUID GAMES TOKEN CRASHES

[oHnK]

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped.  I can't afford to think of those who got stuck at the top and took all the losses on those tokens.  Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

[Tumanggor]

I also saw the hype about this squid token on tiktok and really laughed reading this news

in my opinion, this is one of the biggest scams this year, many are "stuck" at high prices when buying squid tokens

sorry for those who are newbies who buy when the price of squid (shittoken) is high

[samuraijin]

I keep thinking about this, I don't know what's in their mind to buy meme tokens like this or tokens with names that are currently popular, many beginners in this crypto world are losing a lot of money just because a fraudulent project like this is in the crypto space, why would they not asking why should I buy this token? if only that question was on their mind they probably wouldn't be exposed to this kind of scam

[finaleshot2016]

That's a massive rug on this 2021 Q4.

I saw a number of my fellow people in my country who had also invested in that token, and it's a tragedy that they lost a lot of money as a result of the rug pull. Devs are very stupid to abandon the project, it's huge, right? How can they abandon because of a modest profit when they could have earned more if they continued?

I keep thinking about this, I don't know what's in their mind to buy meme tokens like this or tokens with names that are currently popular, many beginners in this crypto world are losing a lot of money just because a fraudulent project like this is in the crypto space, why would they not asking why should I buy this token? if only that question was on their mind they probably wouldn't be exposed to this kind of scam

sorry for those who are newbies who buy when the price of squid (shittoken) is high

Well, shitcoins are shitcoins but they can earn pretty huge money instantly that's why most of them are risking their money on shitcoins.

[Bitbtc8]

SQUID is a scam project and it won't be the last so before FOMOing out on a project make sure they have real team and developers behind them, many meme coins out there have no team, the scammers just find an attractive web page design and lure investors in, you are the master of your wallet spend wisely

[tvplus006]

SQUID is a scam project and it won't be the last so before FOMOing out on a project make sure they have real team and developers behind them, many meme coins out there have no team, the scammers just find an attractive web page design and lure investors in, you are the master of your wallet spend wisely

It is obvious that scammers are trying to monetize the hype around the series "Squid Game" by creating a new game and a new coin in a hurry. After today's pump, the organizers sold their coins on the market, thereby dumping its value to $0.0033. It's funny to watch this from the outside, but to be among the holders of this coin is very sad.

[waelov]

It was a nonsense token to begin with.
A token based on a hit Netflix series it bound to happen that cruciating crash.
Many of these projects have creators that when they pump their token with shit promises then pull the rug under their investors by dumping the rest of their token after making hafty profits over the hype.

[watergold]

I wonder why they are so serious about buying this coin even though it is clear that this is part of the shitcoin that is often circulated.
and indeed the squidgames hype these past few weeks has caught the attention of many people. but this in the real world in crypto this is the same as ordinary shitcoins and of course they should be aware that not all hype will be famous everywhere.
and now everything has happened and for those who bought it at a high price don't say that on the forum there is no warning about the dangers of fomo and shitcoin

[bitcoin-shark]

the answer is obvious is just another shitcoin among thousands of others once the hype / fomo on tiktok and all the other social networks is over its value will be zero unless one is very good in trading and can do scalping or flash trading i would suggest not to buy this altcoin

[ryzaadit]

The shitty things about these.

All social media platforms like "CMC" and "Cointelegrap" created a tweet or article without being check first. I still can understand, If some scam coin getting listing to CMC but make a tweet & article for a scam shittoken just really a bad thing. We all know, almost 90% crypto user is don't understand anything. Most of the time, they think If getting tweet/listing on CMC = Legit.

[tomahawk9]

damn! now they're making tokens off of tv shows? that's actually pretty smart (and shady af) cos you don't need to that much marketing for it, just let the show's popularity and word of mouth do the job and let the newcomers fall for the hype

unfortunante for those who were left with the bags full of worhless crap but it's not the first time we've seen smth like this, pump and dump will always be a thing in the wild west aka crypto market

[isaac_clarke22]

I was about to look here in Altcoin Discussion board when I read it in my News Feed. I already expected it, since it is like one of those coins that tend to follow the trending stuffs right now, not just from books but also from these series or even movies. I feel bad for those who were holding it for the longer terms.  I am not sure if the series ended, since I do not hear any news from it lately but from some coins to be made out of it just seems absurd.

~

I didn't expect that people here in our country would even buy the hype. I guess after the hype from NFTs, this also made them think that it would yield them a lot of profits. Quite right that those who are looking for quick bucks are just going to go into shitcoins.

[Tumanggor]

That's a massive rug on this 2021 Q4.

sorry for those who are newbies who buy when the price of squid (shittoken) is high

Well, shitcoins are shitcoins but they can earn pretty huge money instantly that's why most of them are risking their money on shitcoins.

their fantasy (newbie) that they will earn thousands of times more than their capital if they buy this shittoken but in reality, it's just a fantasy

the scheme is really very easy to guess, when something goes viral then scammers will take advantage of that moment to make a profit for them and those who are smart will profit but those who are greedy + stupid will only lose

[adzino]

After a few days ago I saw a lot of influencers on Tiktok discussing the Squid game token that flew 3500% in 3 days turned out to be abandoned after the hypeya stopped.  I can't afford to think of those who got stuck at the top and took all the losses on those tokens.  Is there anyone here who bought it?
This is how our risks if you buy a token or coin that only follows a clear trend without fundamental. The first will be the luckiest, and the one at the top of the burden.
Source https://www.coindesk.com/markets/2021/11/01/squid-game-token-crashes-developers-say-theyve-left-the-project/

Lol, never even bothered to check what this project was about. Just knew it was taking the advantage of the hype around the netflix show. How stupid do people have to be to fall for such scams? I don't feel bad for them honestly. I guess they thought you could be making huge profit overnight. There grammatical errors and typos on the whitepaper. There were things written that had no explanation and yet people thought it was a legit project. At least they have all learned their lesson.

[Congyang]

hype in the real world and in movies and games doesn't mean there will be hype here lol

it is clear when the creation of this coin was only limited to hype from the real world, which indeed the squidgames hype was so wide.
on the other hand I don't understand why people see and buy this shitcoin
Do they think it will be the same as the hype in the film world? This is really funny and sad at the same time

[sunsilk]

I didn't buy this token but for sure a lot have bought it. If your trading and investing strategy lies on those influencers and you're just making yourself satisfy doing it as they do and say, you're making a mistake by putting yourself in a really bad situation.

These rug pulls will never stop because you're unsure with the developers of these projects. AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

[zonefloor]

What did you expect to happen? Did you expect this kind of shitcoins to keep rising forever? The inevitable last took a little longer than other shitcoins, that's all. It was released thanks to the series. The series became popular around the world quickly, and thanks to this popularity, one of the team came out and poured the money into them. In fact, according to what I heard, their team said that they would no longer support the project. Soon it will be completely reset and disappear from the market.

[Eureka_07]

<snip> AFAIK, this coin did little marketing in a short period of time when the devs pumped it, the people have bite the bait easily.

THere are lots of buyer of this coin. Since this coin was hypedd by the series it would be a not so hard task to advertise the coin. Having also the other meme coins being bullish recently  such as shiba, I would not wonder how people can be attracted easily to this kind of non-sense coin.
People should always be warry on everything before investing into these kind of projects.

[Yogee]

This is from the article,

Someone is trying to hack our project these days. Not only the twitter account @GoGoSquidGame but also our smart contract. We are trying to protect it but the price is still abnormal. Squid Game Dev does not want to continue running the project as we are depressed from the scammers and is overwhelmed with stress [sic]. We have to remove all the restrictions and the transaction rules of Squid Game. Squid Game will enter a new stage of community autonomy,

They wanted to fight the scammers by becoming the scammers themselves and now they want to continue scamming with another token hehehe. You have to be a complete idiot to fall for them twice.

I watched a video of a streamer covering this token while it was still up. His reaction was too funny when it dropped to zero seconds later.

Those who bought this are probably the same type of "investors" who bought Shiba and cashed out.

[Rengga Jati]

Is this because of the Squid game movie from Korea that is very hype?
Actually, I watched this movie and I also like this movie much,
But, to follow the token, well, I am afraid that this is only a hype token like other tokens created by hype. It may pump but once this has no really good and string fundamental or real use case, this token will be the same as the shit tokens.
But, let's see how the developer also attracts investors and maintains this token to be able to survive in this market and make something new not only because of hype.