SQUID GAMES TOKEN CRASHES

[oHnK]

Those who bought at the top lost tremendous money but what about those bought the dip before? They are driving cars and flying jets now. Always remember that.

it's true, there are those who are lucky to buy tokens at low prices but it's unfair for those who buy at the top if the ending is directly you can see how the rug pull process occurs.  In fact, there are many videos that show live streaming of the seconds of the massive rug pull happening.  There are a lot of shitcoins out there today, but this is one of the worst.  When you are in the position of those who buy at the top and are not given any warning signs of a general market crash and then just drop to 0, isn't that the same as robbery?

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[tsaroz]

Those who bought at the top lost tremendous money but what about those bought the dip before? They are driving cars and flying jets now. Always remember that.

it's true, there are those who are lucky to buy tokens at low prices but it's unfair for those who buy at the top if the ending is directly you can see how the rug pull process occurs.  In fact, there are many videos that show live streaming of the seconds of the massive rug pull happening.  There are a lot of shitcoins out there today, but this is one of the worst.  When you are in the position of those who buy at the top and are not given any warning signs of a general market crash and then just drop to 0, isn't that the same as robbery?

It in fact is a robbery. According to them, there were provision of restricting the developers from selling their coins in the smart contract. But they had purposefully left some loop holes to manipulate it and sell their coins when the price was highest.
Most of the people joining the project were aware that it is risky but still greed made them do it. People should wait to get proper reviews and audits from audit agencies before deciding to trust your money to some defi.

[mdzahed134]

The very expected effect for coins whose task is to lure a lot of money. I think that a few people can now buy everything about something long ago dreamed of, two with an excess myylon net profit, if not to take into account the tokens that they received and won on it, you can simply see their addresses.
0x87230146e138D3F296A9A77E497A2A83012E9BC5.

This is 0x34400280a169f4685193926a513618cf7fe7f0aa DEV main BSC WALLET address. Almost 3.5 million (BNB) dollar out from another wallet. But team try to make a drama for this token holders like they affected by hackers which is unbelievable. We have to learn from it because at end of the day such of meme coin will exit SCAM.

[rosenbauer02]

Token made out of thin air because their is a trend won't survived for too long. As you have said, if the tokens doesn't have something to use then it may stay that way but if it is only creates because of thw hype or trend then better stay away.

[DarkDays]

Those who bought at the top lost tremendous money but what about those bought the dip before? They are driving cars and flying jets now. Always remember that.

it's true, there are those who are lucky to buy tokens at low prices but it's unfair for those who buy at the top if the ending is directly you can see how the rug pull process occurs.  In fact, there are many videos that show live streaming of the seconds of the massive rug pull happening.  There are a lot of shitcoins out there today, but this is one of the worst.  When you are in the position of those who buy at the top and are not given any warning signs of a general market crash and then just drop to 0, isn't that the same as robbery?

It in fact is a robbery. According to them, there were provision of restricting the developers from selling their coins in the smart contract. But they had purposefully left some loop holes to manipulate it and sell their coins when the price was highest.
Most of the people joining the project were aware that it is risky but still greed made them do it. People should wait to get proper reviews and audits from audit agencies before deciding to trust your money to some defi.

Security of course is of most importance when going into the 'unknown' but considering the hype around this you could say that it didn't give out a good vibe. Sure enough, the people who were fooled by it suffered irrecuperable losses and this is not because they didn't listen but because the greed overpowered their sense of sensibility and reality.

I hope at least those affected can learn from this grave experience and become better investors.

If I may add, to the trained eye, this rug pull was always a matter of time, a matter of 'when'.

[sherenikaw]

That's why we have to be really careful in choosing which coins to own because we can't just rely on the hype. we don't know whether hype tokens can survive in the crypto market or not because more and more new tokens will come out and they will compete in the crypto world. if we choose crypto only based on the hype that is going on then that is a big mistake, we need to research the coins to be purchased so that they can be managed properly and provide profits.

[tippytoes]

Those who bought at the top lost tremendous money but what about those bought the dip before? They are driving cars and flying jets now. Always remember that.

it's true, there are those who are lucky to buy tokens at low prices but it's unfair for those who buy at the top if the ending is directly you can see how the rug pull process occurs.  In fact, there are many videos that show live streaming of the seconds of the massive rug pull happening.  There are a lot of shitcoins out there today, but this is one of the worst.  When you are in the position of those who buy at the top and are not given any warning signs of a general market crash and then just drop to 0, isn't that the same as robbery?

It in fact is a robbery. According to them, there were provision of restricting the developers from selling their coins in the smart contract. But they had purposefully left some loop holes to manipulate it and sell their coins when the price was highest.
Most of the people joining the project were aware that it is risky but still greed made them do it. People should wait to get proper reviews and audits from audit agencies before deciding to trust your money to some defi.

Security of course is of most importance when going into the 'unknown' but considering the hype around this you could say that it didn't give out a good vibe. Sure enough, the people who were fooled by it suffered irrecuperable losses and this is not because they didn't listen but because the greed overpowered their sense of sensibility and reality.

I hope at least those affected can learn from this grave experience and become better investors.

If I may add, to the trained eye, this rug pull was always a matter of time, a matter of 'when'.

I believe most are thinking that it may have the same fate like SHIB. But unfortunately, it is not. As the "dev" team decided to pocket money and disappear into thin air. If you want better assurance with your portfolio, better keep your choices in the top alts. And of course, bitcoin for me, should always be included as much as possible. Others are disappearing but we know, btc has the stronghold to survive in the market.

With this recent crash of meme token, more than likely, a lot of newcomers got burned. So they are thinking that crypto is a scam but it is the project itself. That's when confusion arises when newcomers try to ride the hype without sufficient knowledge of the market.

[Xetonica]

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

And what about a bounty campaign name also a squid game just like of what Im wearing right now but this one is different its squid coin, And I feel like worried about these because I feel Im wasting my time in here. But Im asking from the team that this squid game that applied was a different one and maybe I will stay and continue of what happen next or in the end of bounty. Actually its 4 weeks only than those project has longer to finish and in the end they are leaving in the project it have and become scam.

[nikola22]

Token made out of thin air because their is a trend won't survived for too long. As you have said, if the tokens doesn't have something to use then it may stay that way but if it is only creates because of thw hype or trend then better stay away.

it's not the last time when someone uses hype to create token and take money from investors. if people give their money so easily scammers will try again and again.

[nimogsm]

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

And what about a bounty campaign name also a squid game just like of what Im wearing right now but this one is different its squid coin, And I feel like worried about these because I feel Im wasting my time in here. But Im asking from the team that this squid game that applied was a different one and maybe I will stay and continue of what happen next or in the end of bounty. Actually its 4 weeks only than those project has longer to finish and in the end they are leaving in the project it have and become scam.

Most likely, the company in which you participate will also fail. There are already so many fake tokens and everyone is trying to get a hype on a famous television series, the main thing is not to invest your funds in the project, and the signature will probably bring you a little money if the project is alive before payment.

[matchi2011]

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/

I never got squid coins, but know a few people who insisted it wasn't a scam and invested, apparently they lost, cause just a few people think and analyse before jumping into the deep end.

Improper analysis will lead you to an abyss that has no limits, you can do many things to see if it is worth developing. you should continue to research about what you will invest later. this will give you more headaches with the wrong picture. But if your belief is very high to see the big thing in all of this. do it

The very consequences of not doing your homework and be moved by hypes, it's tough to see people losing their money
just because they invested in something that just a pure hype, the token named after popular tv series, no real usages
but more on pump and dump scheme from the developers who ride along with the popularity of this series.

[chaser15]

Who the hell will put money on something that is copied from a TV series? There's no use-case at all. It's more dangerous to enter in a token that already has over a 3,000% increase just for a short-term period. Pure hype with no real use-case.

Nothing wrong with me taking part but at least some people should do some Do-Your-Own-Research properly.

[Stedsm]

I was asked by a colleague to invest in that coin so to make a "fortune" out of it. I said "no" because I was skeptical about it from the very beginning and thought it'd be better to say away. With all the hype surrounded, I even came to know that they were mostly able to "buy only" and couldn't sell their coins at pancakeswap which means the team either locked the selling part and only allowed the users to buy after which they pulled the rug and investors' minds got their bells rung, but till then, it was way too late as the devs who were making excuses like "they wanted to save the project from scammers" and blah blah blah just did their part and stole millions of dollars from the investors who blindly invested under the effect of hype.

[vermigerous]

It is clearly that it only follows only the trend and not to further research about the project. Many would've seem fall into this trap and most of the token scam nowadays are just like this hype. Risks is always part of the investment scheme however we should double our standards and choose wisely when it comes to crypto investments. Crypto isn't always an easyoney scheme, hardwork and patience to take the risk are fundamental.

[arditiyan]

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

many are stuck with these tokens because of the large FUD of the fraud community so that many investors are deceived. besides that, hype factors such as doge are one of the factors for them to be able to get instant profits. this must be avoided or will lose in large numbers

[Stedsm]

it's not the last time when someone uses hype to create token and take money from investors. if people give their money so easily scammers will try again and again.

It's just because he trusts anyone he sees too much, so the gift is also solely because of his belief and trust in everyone so that scammers really like this for the sake of using it to take other people's money.

It's not like that. It's not about trusting anyone or anything.
It's about making money as quickly as possible and getting rich overnight. You see how these tokens like safemoon, safesun, shiborg inu, akita inu, shiba inu, and the list goes on, continue to rise from their least and have the (unexpected, temporary) potential to rise due to which people fall for these shit-meme tokens. I'd never advice anyone to invest more than 1-5% of their capital in these coins as they're all like Chinese items, if works, will run till the moon, else will die in the evening.

[Xetonica]

It is clearly that it only follows only the trend and not to further research about the project. Many would've seem fall into this trap and most of the token scam nowadays are just like this hype. Risks is always part of the investment scheme however we should double our standards and choose wisely when it comes to crypto investments. Crypto isn't always an easyoney scheme, hardwork and patience to take the risk are fundamental.

Im just thinking on that also of whatever a trend in these year they use it for advantage and yes we need to search before we make some move. But Im not invested of this project I dont want to waste my money on it. Actually there are project in here are worth to invested even do they take to long to wait earn a profit but the important is we have a comeback if we invested.

[noorman0]

I got info from tiktok, this token is now possible to be swapped. If you have bought in the range below $0.05 maybe you can take profit now.

I suggest that whoever is still holding it to sell it immediately and never return. Set this token to be hidden from wallet watchlist and revoke all contract authorised of this token to avoid anything unwanted in the future.

[Reatim]

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/

Is this the same squid game token that questioned being scam? https://bitcointalk.org/index.php?topic=5368043.0 in which the OP cannot find any place where to withdraw His squid coin?

and what i am thinking is that who's fool that will trust a project that surely no future plans but only riding the popularity of the movie

[killerfrost]

Wonder the main loss cases

I don't see my friends talking about it because we all find it very risky.

However, when I read the news about the big scam, I was not too surprised with it, because right from the look at the product it was building was a scam product. I don't know about copyright issues, but the idea of ​​​​based on what is going viral on social media is already a bad idea, and only paranoid idiots would think the project was successful.