helpee:
you lose nothing until you sell. You put money when it was at the ATH. People that have put money for over a year whose money is now *100 will obviously want to take profit so they will sell. Stop making people rich. You are obviously buying when you hear good news then you are bound to lose because before you hear the good news, it means the coin is doing well . Dogecoin was *1000 this year alone. If you are the one that made that kind of money, won't you take your profit? So buy low( usually when everyone is afraid just like now) then sell high. Most people will buy high and when the coin is dropping they will sell low and then claim it is a scam. So, if you are wise, hold your coin....doge will still hit 2 dollars

waoooo @ times 1000. That means I would have made 16.5m.

Toks2008:
lol well the truth is those shit coins could be major coins in years to come.

Just know what you are doing and if you must invest wisely, go for the known coins like Bitcoin, Etherium, lite coin ,dash and so on. And if you can get free coins why not.

You can watch this update about Bitcoin and cryptocurrencies to understand the fluctuating nature.

Cryptocurrency investment is not a scam at all... You just have to be very patient with the fluctuating values with focus on long term profits..

Juxstaposing scam to cryptocurrency investment cos of a drop in value simply means you don't even know what you are doing.

Go educate yourself.



https://www.youtube.com/watch?v=heJjvPwwLCE

He never called crypto a scam. He lectured people on what pump and dump scams are (which, by the way, is popular even in stocks trading)

As far back was 2017, I worked on an article for a foreign client who ran a crypto pump and dump group. I didn't realize the depth of it back then, but now I know.

The MO is this:

1. Form a pump and dump group (Mostly on Telegram to take hundreds or thousands of members).

2. Decide on a coin to pump.

3. Members all buy with an agreed minimum amount, within a time frame (eg. Everyone buys coin ABC with at least $100 between 9 A.M and 1 P.M.) This causes a steady increase in the price of ABC.

4. Other investors outside the group (who are not aware of the real deal) see the coin, get interested and start buying. Price keeps increasing.

5. The group members are instructed to quickly sell off and take profits at a particular price level (they all sell within an agreed period).

They take profit and the price falls. Other investors are taken out and the coin never increases.


Also, it is too damn easy to create a token/coin these days, so anyone can just create a coin, get a group and pump it.


The quickest way to make money in crypto today is via these groups. But they're expensive to join. The least I've seen costs $1500. Some go as high as $10,000. But you'll make your money back within a short time.


BUT ITS A SCAM! AN ORGANISED SCAM!!

GeneralPula:


Shiba inu coin?

What coin is that?

You need to understand this bro - bitcoin is the only certified crypto, with maybe Etherium. Which one be shiba inu bai lol..

Never put your money on any coin that’s not btc or eth..

so you need to know...shiba inu coin made people *10,000 of their money before it fell within a year and even since it fell, if you had put money early, you will still be above X5000 by now. Look, you people are looking for fast money making venture. Crypto is risky but all these coin you think are useless are making people multimillionaire with only 1k dollars investment. Research these things and stop following bandwagon. If you had invested 1k dollars in shiba coin a year ago, at the time it was ATH, you would be worth close to 10 million dollars. The guy that is discouraging you probably heard about it when it was so high and quickly put money. By that time, people were ready to take profit and if fell. Who do you blame? You don't buy only when you hear the good news ...by that time it is too late

[b]

Bigshoe2028:
I will make this short and understandable

A lot scam is going on crypto currency space
It is called pump and dump

Early investors pump and once they made enough they will dump the coin and run with their profit we are not calling about thousands they chop millions to billions

This scam is world wide since crypto is digital


How to avoid before u buy any coin
Read its white paper find out the real world usage

Find other similar project is it fail to solve the issue of similar existing coin avoid probably a scam

Avoid all shit coins
Safe mooon,safe mars ,elogan feg etc
Don't buy even for free


If u want to buy go for coin which is default in a blockchain example instead to buy wink , go for tron

Make I stop here I will update this thread later

[/b]

Very Correct, speaking as a victim of this scam, the coin will be introduced to you at the very cheap, but if u come into the contract as a shark or wave, the coin will never go up and u will have

I don't think your own experience is a scam, you only bought into a coin or token at the point it was losing value.Example - if you bought bitcoin worth N50k at a time it was $38,000 for 1btc and in a week time, it went down to $28,000 for 1btc ...definitely your N50k would have also gone down in value and become less than N30k ...one skill you need to have is to learn to enter the market at the right time...

drizslim:
It is a scam actually I don't want to remember how my 50k turned to 19k & I kept wondering

juniorstar:
Yes a lot of scam exists in the crypto space but those things called shitcoins some of them have potentials and the best time to buy is in their early stage when there arent many holders cos some can go up as much as 10000% now that's 100× the money you invested if you bought 5dollars worth that's 500dollars from just 5dollars all you have to do is buy and hold some wont make it but the ones that do can make you some money in the medium/ long term. There are a number of shitcoins that you must have not a financial advise though and some go for 1000naira for 1000000000000 if you are interested in these shit coins that have potentials slide into my dm 07054504442. Let me show you 3-4 shicoins with potentials. Personally I prefer those ones with a clear plan with a definite timeline. And those that plan on getting an exchange in the future. Those ones are going to be hot cakes cos their coin will have utility.

Those coins you're referring to are nothing but junk.

Even if you invest all the money in Nigeria in them their price will not hit $1!

Kokaine:
waoooo @ times 1000. That means I would have made 16.5m.

Don't be deceived.

There's a reason why those rubbish are called shitcoins!

If you put your money in it expecting to become a millionaire overnight you'll find yourself at the bottom of the river!

Dackrapper:
Safemoon is not a scam or pump and dump.

It's pure junk!

ajl:


How is "pump and dump" a scam? You have no clue on this subject.

Pump and dump is a scam because you're artificaly increasing the price in the hope that hapless people will also but then you suddenly exit and leave them holding worthless items.

Increase in price of a tradable security should be backed by market fundamentals oeg an expectation that there is some benefit that would be accrued as a result of holding that asset

justli:


Shows you don't know the first thing about crypto and how it generates value

Oya please tell us how Safemoon, Shiba Inu or Lovecoin generate value!

na2016:


This is why I say read oooo. I don't invest in crypto because I feel is too volatile. However, I follow it because I have friends who invest in it. Shiba inu coin has been in existence mays since last year. At a point, the price went up rapidly and people made much fortune from it. Suddenly all that has crashed.

Why will it not crash? Something that is pure junk!

A coin that had about 1 quadrillion units in circulation!

They just used it to scam people!

If you invest all the money in Nigeria in Shiba Inu it's price will never hit $1!

SavageResponse:


Those coins you're referring to are nothing but junk.

Even if you invest all the money in Nigeria in them their price will not hit $1!

I have bought many so called shit coins and adviced ppl to get them those that headed the advice are are smiling and have improved their lives some have even gone ahead to become coin merchant on binance p2p just from trading buying shit coins. The thing is to know when to get in and when to get out. There would always be doubting Thomases sha.

SavageResponse:


Why will it not crash? Something that is pure junk!

A coin that had about 1 quadrillion units in circulation!

They just used it to scam people!

If you invest all the money in Nigeria in Shiba Inu it's price will never hit $1!

u are probably a novice of just dumb, u keep making it sound like it hitting one dollar is a big deal.

A coin that u bought at is 0.0001dollars rises to 0.001 do you know how much profit u have Made.

SavageResponse:


Why will it not crash? Something that is pure junk!

A coin that had about 1 quadrillion units in circulation!

They just used it to scam people!

If you invest all the money in Nigeria in Shiba Inu it's price will never hit $1!

why do you need it to reach one dollar? People became multimillionaire with shiba in dollars....many people made a lot of millions. Most of these coins have 8 zeros....just cancel 4 zeros and you are a millionaire in dollars with 1k investment. Ask people to teach you rather than spreading your ignorance. People made millions with shiba. Watch out for hokk and kishu too. They will soon cancel several zeros before year end. If you like, go and put 500 dollars there and thank me after one year. I just gave you this info for free

There is fraud in all manner of businesses all over be it crypto or Fiat currencies, the best is not to be greedy and don't look for quick money making channels

nochyemish:
Hmm, thank God I don't invest in this crypto things, now I just want to share what I observed... Some years back I open wallets on some sites but now am receiving a login alert, that is some people are trying to login into my wallets from another location.

Please I just want you all to be careful with this crypto currency thing. It is not secure anymore.

N
Blood of zacharia so people can hack your account in crypto

Kokaine:
yeah thanks what about dogecoin. I put #165k about two months now and what I'm seeing is #48k.

Blood of Zachariah

Hassanmaye:

N
Blood of zacharia so people can hack your account in crypto

Yes, if you are careless about your username, seedphrase and password

pacespot:


What scares me about luno is their exchange rate from Naira to dollar, for instance, their stable coin USDC which is equivalent to 1 dollar costs about 1300 Naira. How do you trade on luno to avoid this exploitative rate of buying crypto with naira?

The ripple XRP which costs about $0.58 per coin is about N800, something that should be less than N300

na scammers them be. i just saw it now

-

SavageResponse:


It's pure junk!

Why do you say so?

Princewill1:
I have been warning people repeatedly here on NL that crypto-currency is one big scam. It doesn't have intrinsic value. Yet people ain't listening.

Watch this videos:


https://www.youtube.com/watch?v=4ByO8ym-iF8


https://www.youtube.com/watch?v=brABoguf7uc

I enjoyed the video thank you

kennethfranc:
Despite the ban,I still buy, sell and make some profit from luno ...any other thing nah una sabi

I want to sell my etherum on luno.. are you interested since you see using luno

neyyoh:


Mumu, what's your average?

We wey Sabi go allow am tank properly and ride it back up with the real gs , while you're waiting to break even..

And between why are you calling yourself a nigga.

So you ain't aware you are a fool for calling your father mumu?
The Nigga is meant for goat Knuckles like you.
Dirty Scrotum

helpee:
why do you need it to reach one dollar? People became multimillionaire with shiba in dollars....many people made a lot of millions. Most of these coins have 8 zeros....just cancel 4 zeros and you are a millionaire in dollars with 1k investment. Ask people to teach you rather than spreading your ignorance. People made millions with shiba. Watch out for hokk and kishu too. They will soon cancel several zeros before year end. If you like, go and put 500 dollars there and thank me after one year. I just gave you this info for free

Pls, where can one purchase these coins?

https://www.nairaland.com/6645973/take-profits-alone-while-robot


Find out more about this robot that most crypto traders are going for.

What are you waiting for??
Are you so very busy at work or chasing some businesses and have little time to monitor your trades,let Royal Q take that stress off you

drizslim:
It is a scam actually I don't want to remember how my 50k turned to 19k & I kept wondering

It will still rise

Buzx:
My simple advice is, do your own research before investing in a coin. Avoid shit and dogcoins. They're are a lot of interesting projects out there you could invest in. If you invest in shit, pump and dump coins, you'll get rekt. It's been a wonderful crypto and DeFi journey for me.

Why are you saying Dogecoin

kennethfranc:
Despite the ban,I still buy, sell and make some profit from luno ...any other thing nah una sabi

How do you buy crypto on luno despite the ban