'Squid Game' cryptocurrency scams $2 million

[$anounimus$]

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?

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.

[jahepahit]

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.

[Sethrey]

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..

[Starkick]

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.

[nimogsm]

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..

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.

[isaac_clarke22]

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.

[judaspriest]

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!

[CaVO32]

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.  

[Shasha80]

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.  

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.

[calya]

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.

[Sethrey]

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

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

[Starkick]

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!

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.

[bitcrystal]

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.

[Jack_Sin]

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.

[Victorik]

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?

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.

[Sethrey]

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

[Starkick]

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.

[Sethrey]

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

[Starkick]

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 =)

[LUCKMCFLY]

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'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?