Shitcoin games in exchanges

[Bitco55]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will lose more than gaining

According to the topic, " shitcoin games" I thought you were implying that exchanges had games people play in order to get shitcoins for free, and I was literally about to ask what exchanges do that. Anyways, in these games  , they only care about their earnings and their interests most of the time. I can imagine buying an overpriced shitcoin only to lose your money in the end. That's really one one the saddest things, lol. But I think, if you know the movement of these shitcoins, and you really want to earn from them. I'd say you buy them the moment they're enlisted, watch their value increase over whatever % they would, and then you sell them off at whatever point you feel like you've collected more than you invested. That's of course, before they are delisted.

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[oktana]

It’s not just about MEXC, it’s the same with Binance and other platforms. And my believe is that they have a listing price, so when the coin starts trading, people start selling at a way higher price and people will be buying off as well so it easily flies to a higher amount. I don’t get moved by those price increases (I used to), because they can be misleading. If you want to invest, the best time is the presale.

indeed they often flies so high when first minute of listing its almost unbelievable, but later on it whether it gonna dump or pump totally depends on the coin itself but most of the time if it get listed in binance it gonna pumps even though we don't know the rough estimation but it indeed pumps.
but it does have effect to their overall reputation from my opinion many people are calling out these big exchange to be shady in their listing because they often list new emerging meme coin that reached billions of trading volume just for the sake of profitting off of it which by many people depicted as some kind of shady, so thats why some of the bigger exchange aren't so eager to list meme coin but the lower reputed exchange are definitely wasting no time in listing these meme coin.
personally i have no problem with it but some people that speculate in it need to know the risk before hand so they won't get misled.

Maybe it’s the timing of when I check the newly listed coins, but from what I’ve always seen, it doesn’t pump after listing. Just a slight increase and sometimes decrease. The very high percentage we see is usually created at the instance the coin is listed, as though it was predefined. I really don’t care what their reputation is; I just know what investment I shouldn’t put my foot.

[fullhdpixel]

Don't bet on them, they're only profitable to those inside the pump and dump circle of that group, you're wasting your money investing in those shitcoins that you're saying because they're not going to go back up again.

Some investors still invest on altcoins that are pumping even if it is already at its peak thinking that it is still going to back up and then suddenly they get rug pulled. That is why it is really not advisable for people to invest in altcoins for the long term. Instead bitcoin should be the only one or at least the primary coin to invest in for the long term.

That is done because of a lack of knowledge and experience because a knowledgeable and experienced trader wouldn't FOMO and invest in a cryptocurrency that is already extremely high and it can be seen from the chart. So it's mostly newbie investors and traders who invest in projects at such points only to become exit liquidity for earlier buyers who are now selling their coins or tokens to secure their profits.

Pump-and-dump tokens and coins can be profitable but only if you can catch them when they are pumping so that you can buy and then dump your coins when you see it has become a bit stable after going up so that you don't lose your profit. It all requires experience and a newbie can barely execute such trades.

[Silberman]

That is done because of a lack of knowledge and experience because a knowledgeable and experienced trader wouldn't FOMO and invest in a cryptocurrency that is already extremely high and it can be seen from the chart. So it's mostly newbie investors and traders who invest in projects at such points only to become exit liquidity for earlier buyers who are now selling their coins or tokens to secure their profits.

Pump-and-dump tokens and coins can be profitable but only if you can catch them when they are pumping so that you can buy and then dump your coins when you see it has become a bit stable after going up so that you don't lose your profit. It all requires experience and a newbie can barely execute such trades.

And since this is really hard to do, any reasonable investor should do well to remain away from shitcoins no matter what, as even if I can understand the appeal those coins may have to some investors, they are just seeing what they want to see, as the majority of those that invest in those coins rarely do well, so it is better to take a safer approach when it comes to investing, since in this way even if it will take you longer to reach the profits you want for yourself, at least the chances of reaching them are relatively high.

[justdimin]

That is done because of a lack of knowledge and experience because a knowledgeable and experienced trader wouldn't FOMO and invest in a cryptocurrency that is already extremely high and it can be seen from the chart. So it's mostly newbie investors and traders who invest in projects at such points only to become exit liquidity for earlier buyers who are now selling their coins or tokens to secure their profits.

Pump-and-dump tokens and coins can be profitable but only if you can catch them when they are pumping so that you can buy and then dump your coins when you see it has become a bit stable after going up so that you don't lose your profit. It all requires experience and a newbie can barely execute such trades.

And since this is really hard to do, any reasonable investor should do well to remain away from shitcoins no matter what, as even if I can understand the appeal those coins may have to some investors, they are just seeing what they want to see, as the majority of those that invest in those coins rarely do well, so it is better to take a safer approach when it comes to investing, since in this way even if it will take you longer to reach the profits you want for yourself, at least the chances of reaching them are relatively high.

Most investors find it harder to stay away from shit coins because they tend to follow profits wherever they can get them from, and we know shitcoins and meme coins tend to provide huge returns in some cases, and every investor wants to experience that somehow no matter how much money they need to waste on them because if you are investing in every single shit coin for the hope of getting huge returns, you will surely lose a lot of money in that process.

Such traders and investors need to understand that if they accumulate the sums they are investing in each shit coin and invest it in a proper cryptocurrency, they will at least get some good returns if that manages to go up and at least their money will be on the safer side.

[pinggoki]

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Some investors still invest on altcoins that are pumping even if it is already at its peak thinking that it is still going to back up and then suddenly they get rug pulled. That is why it is really not advisable for people to invest in altcoins for the long term. Instead bitcoin should be the only one or at least the primary coin to invest in for the long term.

Exactly, this is the thing that we all should avoid from happening to us, that's why it's not advisable to invest in them during their peak, that's basically FOMO too because you thought that you investing in it is going to make any difference just because it's pumping and then the rugpull happens. Most shitcoins don't last long in exchanges I think, especially in CEX, they don't even get listed if it's not a good coin and the potential that it has as a profit maker is nil, they don't get listed. I agree that bitcoin should be the only one that we should focus ourselves when it comes to investing but we got to remember that there's going to be times that it's not a bad idea to invest in other altcoins because some of them might make you more than what your profit when you just hodl and wait for the big price pump in bitcoin. Learn to diversify when you're comfortably hodling on to your bitcoins.

[dansus021]

Yep and you already know the risk about shitcoin game some coin can make u rich in a second but of course some coin can make.u ded in a second too. Listed on centralized exchange is always be taste good but.not all cex and not all coin can pump coin in early game so yeah be careful guys always do dyor or cry layer

[JeffBrad12]

Yep and you already know the risk about shitcoin game some coin can make u rich in a second but of course some coin can make.u ded in a second too. Listed on centralized exchange is always be taste good but.not all cex and not all coin can pump coin in early game so yeah be careful guys always do dyor or cry layer

the one thing about shitcoin that might be a turn off whenever they get listed to some popular exchange, basically whenever a shitcoin is getting listed in a popular exchange it only means finish line for them, expect there to be less and less hypes about the coin itself, their ultimate purpose is just to grow the market cap and trading volume as well as getting listed to the popular exchange for the sake of realising the first and second purpose thats it with shitcoin.
whenever i see one shit coin getting listed in these big exchanges, they just tanked after few weeks if not months, not really a good investment if you ask me only worth following when the hypes are there and we can follow along but after that its just gonna be a game where the ones that cashed out earlier gonna get all the profit the one that buys at peak just gonna become exit liquidity.

[Marykeller]

Every exchange has the amount they charge for a coin to be listed on their exchange. However, if a particular coin that is regarded as a shitcoin can afford the pay, what makes you think they won't allow such a coin to be listed on their exchange since they can afford to pay for the listing.

Exchanges are not to be blamed on the basics of them allowing shitcoin to be listed on their exchange, you know why? Because you as an investor have to DYOR before investing in any project and by the way, they are doing their business to list a project to you, you are not forced or convinced to invest in any. You invest at your own free will

[Tahid12]

These are kind of scam and i already aware about it. Honestly, as a investor i also tired to make entry on such shit game. But as you explained, it doesn't allow outsider to buy altcoins at low price. Value bump within seconds. And buyer who buy those shitcoin later on high price, become victim of scam. So i just leave this after understanding this shit theory. Even i open mexc and today i saw a shitcoin pumped many thousands of time and i just laughed seeing this situation.

[vs2014]

Of course these shitcoin scams will never end so as an investor strengthen your research so that you can easily understand shitcoin scams. Then there is the pump that is often used to attract more new traders to jump in and run the campaign. Most of the new investors are getting caught up in these shitcoin scams due to which their confidence in investing is diminishing. There are many bad exchanges that help to pump all these shitcoins, so you have to choose the best one when using an exchange.

[nurilham]

These are kind of scam and i already aware about it.

We all probably realize it, but some of us get benefits from this scam way. People who understand it, they know how to earn money from this scam way. Not everyone got scammed, some even got money.

Honestly, as a investor i also tired to make entry on such shit game.

If you are tired, you don't need to join it. You can buy top coins who already exist a long time in crypto world.

Value bump within seconds. And buyer who buy those shitcoin later on high price, become victim of scam.

Yes, it skyrockets in seconds or in minutes when it is listed for the first time. People who know it well, they will directly sell the shitcoins at this time.
Sadly people who don't know it, they buy the shitcoins and expect to hold few days. But in fact, they are trapped on the scam coins.

So i just leave this after understanding this shit theory. Even i open mexc and today i saw a shitcoin pumped many thousands of time and i just laughed seeing this situation.

It is the right decision. If you think it is annoying, just leave the exchange. Then, you will never see it again.

[Mehedi72]

I like Mexc exchange for liquidity and trading even it still doesn't required kyc verification for deposit and withdrawing fund. But mexc becoming shit exchange as it continuesly listing fake altcoins/scam altcoins daily for some money. I suggest, not to take part in these games. Cause i found most of the people lost their money who risk their fund in these games for become rich. And after a certain time, they delete their telegram Twitter and others social midea account and then again create new shitcoin for this games cause scammers knows, people will never stop investing on shitcoin for rich

[Vincom]

I like Mexc exchange for liquidity and trading even it still doesn't required kyc verification for deposit and withdrawing fund. But mexc becoming shit exchange as it continuesly listing fake altcoins/scam altcoins daily for some money. I suggest, not to take part in these games. Cause i found most of the people lost their money who risk their fund in these games for become rich. And after a certain time, they delete their telegram Twitter and others social midea account and then again create new shitcoin for this games cause scammers knows, people will never stop investing on shitcoin for rich

I'm not sure if this is a bug or a feature in MEXC's business plan. Many tokens are listed easily, then they are also delisted quickly, they bring profits to some people and losses to many more. I don't use MEXC or small CEXs, I don't trust them and because there are many more reputable CEXs in the market for me to choose from.

Many people like to invest in new coins with a market cap of less than 1M USD and hope that they will increase in price quickly in the short term. This is a normal desire, but we should only participate with a few dozen USD and be prepared to lose them if the market moves in a negative direction. Psychological preparation will not create discomfort when losing money due to shitcoins.

[AVE5]

It should be clearly self determined and understood to denote what you're chasing for on your Crypto investment. Are you desperate in chasing quick profits and doesn't care about the high risks involved or are you Patient enough to invest on slow and steady crypto Coins with reliances of minimal risks to lost of your funds?
Sometimes we're just being delegated to be overwhelmed by some specific things we know that could harm our emotions during when how it's programed is activated.
Most MemeCoins are shitcoins as that which is most about the games of luck. You could only survive to an extend Investing in the memcoins when you omit the level of greeds because at some points, the hyping in the Memcoins wouldn't let you pullout to secure your funds instead you would confidently seated and relaxed like you Invested in a reputable Coin.

[Kelward]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

This is scam to the next level, wolves coming in sheep clothes, scamming investors through a legit means, this is why everybody that is coming into the crypto space shouldn't rush, but take some time to gain knowledge about how the system works. Newbies should just stick with Bitcoin investment, then gradually begin to learn how to navigate the scam infested waters of altcoins, so they won't fall for these project hypes and invest greedily, in the end they'll loose all their funds. I've learnt the lesson that projects being listed on reputable exchanges doesn't mean that it won't end up being a scam.

[Belarge]

Of course these shitcoin scams will never end so as an investor strengthen your research so that you can easily understand shitcoin scams. Then there is the pump that is often used to attract more new traders to jump in and run the campaign. Most of the new investors are getting caught up in these shitcoin scams due to which their confidence in investing is diminishing. There are many bad exchanges that help to pump all these shitcoins, so you have to choose the best one when using an exchange.

We should always have the best section to invest and not roughly missing out on these opportunities. Shitcoins are in existence for the purpose to liquidate investors that don't have a solid plan and always following the trends which doesn't help at the end of the day. Exchanges are available and there's enough time for these investors to grab significant amounts in the system. Investors have sights for good projects but it doesn't call out for them to start messing around because the market comes with a whole lot of surprises.

[avikz]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

That's the game, mate!

Shitcoins are here to make money for their owner and not for their users. 99% of the shitcoins die an untimely death when the coin owner sells off their holdings and goes away with millions of dollars living a life of luxury. While common investors loose money investing in those shitcoins. The ponzi scammers are now very active in this field and they have shifted rom HYIP businesses to the shitcoin business.

I don't understand why people still invest in such coins when you have Bitcoin, ETH etc. Why don't people recognize the actual opportunities of making money!

[Mate2237]

These are kind of scam and i already aware about it. Honestly, as a investor i also tired to make entry on such shit game. But as you explained, it doesn't allow outsider to buy altcoins at low price. Value bump within seconds. And buyer who buy those shitcoin later on high price, become victim of scam. So i just leave this after understanding this shit theory. Even i open mexc and today i saw a shitcoin pumped many thousands of time and i just laughed seeing this situation.

As they said, experience is the best teacher. And now you have gotten the theory behind the shitcoin game. Before you even invest in shitcoins you have to consider some factors which should be slow in movement. If you are waiting to invest in memecoins at the dip then you should also remember that before it will go up for you to see your money back it will take some years so when you are investing.in altcoins then you have to put that at the back of your mind. Short term investment plan for altcoins and from the way I am seeing the movement, they will disappoint you.

If you fail to understand the game then you will be at the losing side.

[terrific]

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

Money there is fast, fast in gaining and as well as losing. You choose your shitcoin games there and when you see that chance of selling and you've gained a lot.
Don't take too long for you to take that money before the market reacts as the major game there is also about speed. If you aren't quick enough to take profits, that gains you already have can decrease.