'Squid Game' cryptocurrency scams $2 million

[izsara]

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.

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.

I like the parable you say 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

[Galley]

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.

[carlisle1]

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.

[livingfree]

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.

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.

[dexter141]

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.

[nurilham]

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.

[ScamViruS]

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.

How many people get rich from investing in meme coins, there is not even a source that provides information on those people, meme coins only rely on good moments and they won't last long, it's hard to make predictions about meme coins, it's better to shift focus on Popular altcoins compared to memecoins, long-term or short-term investments do not necessarily provide maximum returns from meme coins.

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.

[StarKay]

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.

[tippytoes]

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.

[macson]

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 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 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.

[sherenikaw]

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.

[Jaered]

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

[OgNasty]

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.

[Starkick]

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 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

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.

[Sethrey]

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.

[WannaCry]

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.

[matchi2011]

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.

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.

[Starkick]

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.

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?

[Sethrey]

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.

[Starkick]

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 =)