Some smart guy converted $1000 to 1 million in one day with $BALD coin

[cute nmp]

Agreed he is really smart but also very lucky indeed. Cryptocurrency has a lot of uncertainty nobody can really tell what will happen next, Sometimes one buys altcoins aiming for profits but the price dips and you hardly escape breakeven and vice-versa. Let's always hope to be on the lucky side.

[1715204271]

1715204271

[Xal0lex]

It is on the spread of such crazy stories that many people buy worthless memcoins. Someone did the impossible, and most often it is a developer or an insider, and now these stories excite the minds of many hamsters. Something similar happened with PEPE, when a story about an investor who bought 250$ worth of tokens and earned 20 million was actively spread. All these stories are created to fuel the hype. 99.9% of everyone who buys such tokens will never be able to repeat the same success. Be realistic.

[eaLiTy]

~
Something similar happened with PEPE, when a story about an investor who bought 250$ worth of tokens and earned 20 million was actively spread. All these stories are created to fuel the hype. 99.9% of everyone who buys such tokens will never be able to repeat the same success. Be realistic.

These sort of stories will fuel the new investors to try their luck and hence these sort of crazy stories of random people without any faces making millions is a sure shot way to keep churning out shit tokens and creating the hype of a million dollar promise so that new investors are attracted towards these shit project and as mentioned earlier by some of the users, majority are inside jobs as they are aware of the pumps well before the general investors and those users usually earn a substantial profit before the bubble bursts.

[JeffBrad12]

this kind of thing i'm pretty much sure that it can be pulled by people that have insiders advantage, and I do agree with some statements that these kind of news was spread for marketing stunt in purposes of
garnering attention from the so called meme coins fans to invest in it, even like that we all should know well the fact that such massive investment might only happened to this one person, the other are already very late to invest since the price has already gone up.
at best it will be some measly gains, at worse, instead the token will be going downhill since here on, after all if the news of meme coins massively gaining some rally already spread through some media, then we can be sure that its pretty much late to invests, not that i'm gonna invests in these meme coins anyway.

[AmoreJaz]

this kind of thing i'm pretty much sure that it can be pulled by people that have insiders advantage, and I do agree with some statements that these kind of news was spread for marketing stunt in purposes of
garnering attention from the so called meme coins fans to invest in it, even like that we all should know well the fact that such massive investment might only happened to this one person, the other are already very late to invest since the price has already gone up.
at best it will be some measly gains, at worse, instead the token will be going downhill since here on, after all if the news of meme coins massively gaining some rally already spread through some media, then we can be sure that its pretty much late to invests, not that i'm gonna invests in these meme coins anyway.

in short, don't get too tempted on this situation. we don't know the real situation here. most alts will give you false hope and once you get in, as you said, you are already too late.
but if that person has nothing to do with the BALD team, then i would say, he's a very lucky person gaining such amount from his investments. but should be very careful in his succeeding investments as he may got mistake and lose a lot.

[Dave1]

Is this the same Bald token that was being issued and traded in Coinbase's new Base network? I am very sorry to be again the messenger of bad news, however, if we are talking about the same token, this is a rugpull speculated to be created by Sam Bankman-Fried or someone who want to make it appear that it was him.



The rug-pulling of short-lived, heavily hyped meme coin bald (BALD) has a whole cast of characters, but is one of them Sam Bankman-Fried?

On-chain data suggests interactions between the memecoin BALD’s deployer contract and one of the wallets tagged by Nansen as belonging to Alameda Research - the trading company founded and controlled by Bankman-Fried. The data was cited by several blockchain sleuths on the social media platform formerly known as Twitter and later validated by CoinDesk.

Wintermute’s head of research, Igor Igamberdiev, tied another wallet address 0xccFa05 to Alameda, stating its owner showed strong technical capabilities and proved to be a savvy DeFi user: Trading on the first version of dYdX and Oasis, as well as voting on the first proposals from SushiSwap.

Source https://www.coindesk.com/markets/2023/08/01/bald-token-rugpull-may-have-links-to-sam-bankman-frieds-alameda-data-shows/



Rugpulled by Sam on FTX, rugpulled again on Bald token hehehehehee.

Yeah, this is also what I read as well, the someone SBF is also involved or at least he has something to do with it. Not sure how he did it if he is in jail (if I'm not mistaken), but the influence of this guy and his name could really go down in infamy in crypto market if it is proven that again, he pulled this one that makes people losing huge money again.

And maybe this is just a tip, and there could be more projects that we are not aware of that could be tied to SBF and Alameda.

[Xal0lex]

~
Something similar happened with PEPE, when a story about an investor who bought 250$ worth of tokens and earned 20 million was actively spread. All these stories are created to fuel the hype. 99.9% of everyone who buys such tokens will never be able to repeat the same success. Be realistic.

These sort of stories will fuel the new investors to try their luck and hence these sort of crazy stories of random people without any faces making millions is a sure shot way to keep churning out shit tokens and creating the hype of a million dollar promise so that new investors are attracted towards these shit project and as mentioned earlier by some of the users, majority are inside jobs as they are aware of the pumps well before the general investors and those users usually earn a substantial profit before the bubble bursts.

I agree with you. Indeed, if we see such stories with crazy earnings on the Internet, it means that they just want to lure us into another shitcoin. It often happens that many memcoins are similar in name and design and investors get the impression that this is the gem with which they can repeat the success they have read about before.

[Jocuserious]

welcome to insiders profits

This is definitely insiders trading and i would be a fool to believe that. It may be the case that they are trying to create hype by showing tempting offers to get investors. I hope those 4 addresses are probably insiders. However i am not at all surprised by such an event as there are many such pitfalls to be found in the crypto market.

[bbc.reporter]

~
Something similar happened with PEPE, when a story about an investor who bought 250$ worth of tokens and earned 20 million was actively spread. All these stories are created to fuel the hype. 99.9% of everyone who buys such tokens will never be able to repeat the same success. Be realistic.

These sort of stories will fuel the new investors to try their luck and hence these sort of crazy stories of random people without any faces making millions is a sure shot way to keep churning out shit tokens and creating the hype of a million dollar promise so that new investors are attracted towards these shit project and as mentioned earlier by some of the users, majority are inside jobs as they are aware of the pumps well before the general investors and those users usually earn a substantial profit before the bubble bursts.

I agree with you. Indeed, if we see such stories with crazy earnings on the Internet, it means that they just want to lure us into another shitcoin. It often happens that many memcoins are similar in name and design and investors get the impression that this is the gem with which they can repeat the success they have read about before.

Also, what the cryptonews media hype do not tell everyone is the investor who has earned $20 million has not yet sold the tokens and cannot sell the tokens because the total liquidity provided in Uniswap is not enough to cover everything if he dumps. This is why those tokens dump after they are listed in Binance and the other big exchanges. They need the exit liquidity.

[someone703]

The reality is that there is no cleverness or luck here, a premeditated evil scheme and rugbull with this coin.
As a few mentioned earlier similar to many memecoin projects, most likely the wallet address comes from people on this project team.
Ironically, people only like to look at big profits and ignore the fact that, for the same $1000, out of hundreds of thousands of participants only one gets such a profit, and most of the rest. losses. It's fair to say this game was never worth participating in.

[Supianto]

The reality is that there is no cleverness or luck here, a premeditated evil scheme and rugbull with this coin.
As a few mentioned earlier similar to many memecoin projects, most likely the wallet address comes from people on this project team.
Ironically, people only like to look at big profits and ignore the fact that, for the same $1000, out of hundreds of thousands of participants only one gets such a profit, and most of the rest. losses. It's fair to say this game was never worth participating in.

That's exactly what I thought when it was rug-pulled the next day. Things like that almost never happen for no reason, usually, it's a part of some scheme.

[darewaller]

this kind of thing i'm pretty much sure that it can be pulled by people that have insiders advantage, and I do agree with some statements that these kind of news was spread for marketing stunt in purposes of
garnering attention from the so called meme coins fans to invest in it, even like that we all should know well the fact that such massive investment might only happened to this one person, the other are already very late to invest since the price has already gone up.
at best it will be some measly gains, at worse, instead the token will be going downhill since here on, after all if the news of meme coins massively gaining some rally already spread through some media, then we can be sure that its pretty much late to invests, not that i'm gonna invests in these meme coins anyway.

in short, don't get too tempted on this situation. we don't know the real situation here. most alts will give you false hope and once you get in, as you said, you are already too late.
but if that person has nothing to do with the BALD team, then i would say, he's a very lucky person gaining such amount from his investments. but should be very careful in his succeeding investments as he may got mistake and lose a lot.

Only naive and newbie's are the ones who will get tempted to this but for us experienced users we already know that it's a red flag even just by reading its title alone. I even laugh a bit when I read the name of this token. Really? $BALD? LoL. With a name like this, we can easily say that they are not serious. And this is not the first time I saw it here. That is another evidence that they are only shilling it.

Most altcoins can still give some early profits before they collapsed but it's still not advisable especially for the newbies. There are so many legit coins out there which can also give us a better return but with only less risks so why look for the others?

[JunkieMiner]

Getting profit in these types required a luck and the better luck, as well as its required a lot of risks as well. The risks of losing and the risk of management as well. Portfolio can be make better with the luck many times. As I had seen many of the investors, they lose due to their bad luck.

[Xal0lex]

I agree with you. Indeed, if we see such stories with crazy earnings on the Internet, it means that they just want to lure us into another shitcoin. It often happens that many memcoins are similar in name and design and investors get the impression that this is the gem with which they can repeat the success they have read about before.

Also, what the cryptonews media hype do not tell everyone is the investor who has earned $20 million has not yet sold the tokens and cannot sell the tokens because the total liquidity provided in Uniswap is not enough to cover everything if he dumps. This is why those tokens dump after they are listed in Binance and the other big exchanges. They need the exit liquidity.

If we are talking about PEPE, this case tells us that liquidity can be enough even when considering the use of only decentralized exchanges. If you take a look at the very famous PEPE wallet that bought tokens at the lowest price, you will see that it sold in small portions exclusively on uniswap. Now, after the passage of time, he still decided to use centralized services. Apparently, the hype has decreased a lot and liquidity on uniswap is not enough to sell millions of dollars worth of tokens. Slippage can happen.

[Antonas1]

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange. -snip-

This makes more sense. Because most people frequently buy in stages and do so several months, weeks, or days in advance, at least that's what I have done in the past for other shit tokens. But if it isn't insider trading, then he is just winning the gamble.

[krishnaverma]

Here the problem is not in the amount of losses but in psychology. When a person has earned a lot of money, he is more naive about investments and makes rash investments. Unfortunately, this has been my own experience.

That is why certain category of people become poor again very fast. Like if someone wins a lot of money in lottery, he will loose it all in few months because he is not aware where to invest that money to get consistent income. On the other hand, those who get increment in income gradually, are more proper with the investments. That is why there are so many millionaires who started from zero. However, I think that someone who did what I stated in OP must be a smart guy, he is aware of many similar opportunities in crypto.

[Yatsan]

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange. -snip-

This makes more sense. Because most people frequently buy in stages and do so several months, weeks, or days in advance, at least that's what I have done in the past for other shit tokens. But if it isn't insider trading, then he is just winning the gamble.

Every token has a potential to be  or to have a 1000x price increase but only a few makes it simply because demand will only be triggered by majority and not by potential alone. Insider trading is also possible in this instance  but it could be luck as well. Point here is to invest an amount and see if you've made the right analysis and whether you would earn from it. Every investment is a gamble because of risk present. However, you won't get something if you won't atleast try giving it a shot. Knowing the enlistment of token won't be an enough factor for a price increase so he still earned that opportunity for trying his shot investing in $BALD.

[Antonas1]

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange. -snip-

This makes more sense. Because most people frequently buy in stages and do so several months, weeks, or days in advance, at least that's what I have done in the past for other shit tokens. But if it isn't insider trading, then he is just winning the gamble.

Every token has a potential to be  or to have a 1000x price increase but only a few makes it simply because demand will only be triggered by majority and not by potential alone. Insider trading is also possible in this instance  but it could be luck as well. Point here is to invest an amount and see if you've made the right analysis and whether you would earn from it. Every investment is a gamble because of risk present. However, you won't get something if you won't atleast try giving it a shot. Knowing the enlistment of token won't be an enough factor for a price increase so he still earned that opportunity for trying his shot investing in $BALD.

Of course, that's why I call it a bet. Unfortunately, I don't think analysis is very useful in this kind of case (in my experience). Meanwhile, insider trading will boost your chances of winning the bet.

[abel1337]

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange. -snip-

This makes more sense. Because most people frequently buy in stages and do so several months, weeks, or days in advance, at least that's what I have done in the past for other shit tokens. But if it isn't insider trading, then he is just winning the gamble.

Every token has a potential to be  or to have a 1000x price increase but only a few makes it simply because demand will only be triggered by majority and not by potential alone. Insider trading is also possible in this instance  but it could be luck as well. Point here is to invest an amount and see if you've made the right analysis and whether you would earn from it. Every investment is a gamble because of risk present. However, you won't get something if you won't atleast try giving it a shot. Knowing the enlistment of token won't be an enough factor for a price increase so he still earned that opportunity for trying his shot investing in $BALD.

I agree with you. The potential of it overcomming a 1000x price point can't be triggered by the potential of the project. Most project that has a real potential would probably reach that price if they finally have a working product to present to the public that can cause a market demand that can cause their token price to increase. Overnight 1000x is usually cause by a very heavy market demand which tend to occur on a very short amount of time and that opportunity doesnt come always that's why luck is absolutely needed, it's like doing a gamble on a coin that has a lot of uncertainty.

[gurunanakji777]

I believe that many people get inspired by such stories and then invest. Later, they tend to express varying opinions about the volatile crypto market. In my view, this seems impractical unless someone possesses insider information about a project's certain success. It appears that the person must have some inside knowledge and decided to take a chance. However, I must emphasize that even then, investing $1000 carries a significant risk in the unpredictable crypto market. If you ask me, even if I had access to such information, I wouldn't invest more than $200. Taking a $1000 risk, despite no guarantees in the crypto market, is commendable.