Be aware of Santa Bitcoin, stay ahead.

[sokani]

By the way, talking about "cashing out", let me quickly mention a token I saw recently called "Christmas Shiba (XShib)". What the heck is that? A token in that format will always be what it's. People are already skeptical with Shiba Inu and then another comes with a name bearing the moment. I think XShib will end up a shit token and those in charge will cash out big time.

Seeing the name you know that it's one of those seasonal tokens that calls for pump and dumb and it shouldn't be taken seriously. One should always stay off such tokens. There were tokens like FIFA INU, WORLD CUP INU, QUATAR etc that came up as a result of the world cup and I wonder what would become the faith of such tokens now that world cup has ended. These tokens are created by dev and supported by caller channels to enrich their pockets.

[1715504606]

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[1715504606]

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[Mpamaegbu]

~snipped~

These tokens are created by dev and supported by caller channels to enrich their pockets.

There's a dude from my country who prides himself on social media as the number one crypto influencer promoting that XShib token on his telegram pump group. Subscription to any of that dude's groups (he has several different groups with different packages and enticements) isn't chicken feed. You can't even get in with anything less than $500. This is why anyone who wants to safeguard their hard earned cash should steer off pump and dump groups. The pioneers of these groups and their friends are always the winners because they get to buy big first before announcing it to the ignorant subscribers.

[Zaguru12]

Those so-called giveaways happen all the time, not just during the holidays.

How strongly I detest the word, "Freebies" because I believe in the actual sense there's no free lunch anywhere on the globe. Something has to give, as they say. The principle should be for people not to be beggarly in their approach to things. When we look out for others to hand us freebies, it makes us lose our self worth. That's the way I see it anyway. I see a great deal of that often on social media

Btw don't feel bad cashing out (a little) just to treat yourself or family.

By the way, talking about "cashing out", let me quickly mention a token I saw recently called "Christmas Shiba (XShib)". What the heck is that? A token in that format will always be what it's. People are already skeptical with Shiba Inu and then another comes with a name bearing the moment. I think XShib will end up a shit token and those in charge will cash out big time.

This is an act used mostly by celebrities on social media to promote Ponzi Scheme like projects. This giveaways made people believe in freebies and easily scammers tame them through it.


This new Christmas Shiba will definitely get naive and gullible people in crypto currency. They will start with is airdrop on Telegram and then promise its unlock date and possible ask for some gas fee to swap it. Its same thing alround not just the holiday periods and every time there's is always victims.

[Mpamaegbu]

~

This new Christmas Shiba will definitely get naive and gullible people in crypto currency. They will start with is airdrop on Telegram and then promise its unlock date and possible ask for some gas fee to swap it.

I don't think there was any airdrop. They went straight to business and listed on Coingecko and started trading immediately on Pancakeswap a few days ago, precisely on Dec 22 from available data. Price took out four zeroes at ATH but is quickly declining now to six zeroes. The next we're going to observe will be no liquidity and that ends it. Investors will gnash their teeth in loss and pain and then move on. The fraudster will move to another project and the circle repeats itself continually.

[GeorgeJohn]

Actually this is a words of advice, some other persons might look down on this advice not knowing that the advice is meaningful, because if you have happened to expose your seed phrase to people out of celebration definitely you be the one that will receive the pain at last, so it's very encouraging for someone to ensure it have keep the seed phrase safe to avoid anyone penetration in your wallet, so been security conscious is very necessary from my point of view because of scammers.

[Coyster]

Investors will gnash their teeth in loss and pain and then move on. The fraudster will move to another project and the circle repeats itself continually.

Well what's inexplicable in all of these is that despite the fact that most of these investors lose quite a lot of money, they'd still invest in a similar scheme yet again sometime in the future, you'd think that after their first loss and once they move on they'll learn their lesson that the crypto network isn't basically a get rich quick scheme, but they absolutely do not. These fraudsters would continue with this scamming cycle because they know they'll definitely allure investors, or rather victims. Quite a lot of these investors might even be scammed multiple times by the same team of scammers, but under different schemes and pseudonyms.

[Mpamaegbu]

~snipped~

they'd still invest in a similar scheme yet again sometime in the future, you'd think that after their first loss and once they move on they'll learn their lesson that the crypto network isn't basically a get rich quick scheme, but they absolutely do not. These fraudsters would continue with this scamming cycle because they know they'll definitely allure investors, or rather victims.

Basically, I think one of the driving forces for investors repeatedly falling for similar scams has its root in one of the Nigerian local sayings which when loosely translated comes out as – No one can predict the pregnancy that will birth a king. Most investors have that mindset and believing that once one fails, one tries again. They're of the opinion that the first project might be a scam but the next isn't likely to be and that the risk is worth taking. I guess that's what keeps them going back to similar setup and getting scammed repeatedly. Another force is the type of crypto influencers one follows. If one blindly follows signal groups, that's what also happens because those in the group will tend to follow the calls made by the owner of the group without verifying it first.