4 ms·
They looked at Coinbase listing announcements from September 25, 2018 to May 1, 2022, and tracked four wallets that bought listings ahead of the announcements a
by TakeBlaster16 4y ago
They looked at Coinbase listing announcements from September 25, 2018 to May 1, 2022, and tracked four wallets that bought listings ahead of the announcements and earned an estimated profit of 1003 ETH ($1.5 million).
Of course, if you don't want to give those people your money, there is a simple solution: Don't buy shitcoins.
- dimgl 4y ago> Of course, if you don't want to give those people your money, there is a simple solution: Don't buy shitcoins. Don't buy any cryptocurrency.
- rvz 4y agoA pipe dream and a bit too late to think about a complete ban to make this even a reality, otherwise the regulators would have already banned all of it entirely a long time ago 100% and completely. Now the SEC and other regulators continues to use the chain to trace up many insider trades and charge other projects for violating regulations. [0] Like it or not as long as there is no complete and 100% blanket ban on the entire cryptocurrency industry, they will always be buyers / sellers in this market with the certainty of tough regulations to come. [0] https://www.sec.gov/spotlight/cybersecurity-enforcement-actions https://www.sec.gov/spotlight/cybersecurity-enforcement-acti...
- dimgl 4y agoI'm not saying we should ban it, although I think it should be considered. I'm only suggesting that buying any kind of cryptocurrency is a bad idea.
- melenaboija 4y agoWhat makes a shitcoin to be a shitcoin?
- cguess 4y agoIf it's a cryptocurrency. (no, I'm not being facetious)
- deleted 4y ago[deleted]
- snapcaster 4y agoAnything but bitcoin. willing to argue about ethereum but the rest are either forks of bitcoin or trash
- TakeBlaster16 4y agoTelltale signs of a shitcoin: - premined (the creator reserves coins for themselves or for "development purposes" before releasing to the public) - the coin is named after a dog - centralized governance (one person/group/company controls development or makes frequent hard forks) - been around less than 5-10 years (these aren't necessarily scams, but at best you're gambling on something unproven) - small market cap (again, not necessarily a scam, but a big red flag. let other people be the ones to dig through the trash and hunt unicorns) Take out the trash and you're left with between 1 and 5 projects, depending on how you feel about the details.
- tromp 4y ago> small market cap (again, not necessarily a scam, but a big red flag. That's not a red flag if the emission is very slow, e.g. a pure linear emission that takes a century to reach the soft total [1]. [1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...