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Ah yes, the SAFEMOON literal Ponzi scheme. Beautiful. Number go up, number go down. But damn, look at that chart https://coinmarketcap.com/currencies/safemoon/
by sebmellen 6y ago
Ah yes, the SAFEMOON literal Ponzi scheme. Beautiful.
Number go up, number go down. But damn, look at that chart https://coinmarketcap.com/currencies/safemoon/ https://coinmarketcap.com/currencies/safemoon/. It’s one of the cleanest looking pump-and-dumps I’ve ever seen.
This is not something to celebrate or condone. A lot of people who don’t know better are losing their savings trying to play along with the hype.
See https://stockhead.com.au/cryptocurrency/this-is-a-scam-crypto-influencers-speak-out-about-safemoon-pyramid-scheme/ https://stockhead.com.au/cryptocurrency/this-is-a-scam-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/20721328/safemoon-acquires-1-million-users-as-crypto-influencer-warns-of-ponzi-scheme https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more.
- rvz 6y agoExactly. That is a text book example of a pump and dump ponzi scheme. This gives the SEC another reason, to 'protect' the retail investor by introducing regulations for cryptocurrencies. So from here, I know that a lot of investors will become expensive bag holders from this. Just like the Bitconnect scam in 2017.
- outsider7 6y agoSad sad day. Cryptos need regulation bad, quickly...
- tnzm 6y ago...which would kill them. Investors need education. Which might hurt - but won't kill them.