Post
Topic
Board Speculation (Altcoins)
Re: Apparently you can get rich even with scam coins.
by
psychedeligal
on 17/01/2018, 13:09:37 UTC
Apparently you can. Unless I'm mistaken I thought confido (https://coinmarketcap.com/currencies/confido/) was a scam coin. Recently the rest of Confido team was refunding their collected ETH for Confido tokens through KuCoin exchange. However some people started buying confido at a higher price than what the team was buying, eventually from 0.07$ went up to 1$ and still costs 0.34$ right now. A coin that has literally no uses, no devs, nothing and yet if you had or bought coins when it was 1-2 cents, not long ago, you could have made a x30 - 50 almost with a scam coin. Are people really this uninformed when it comes to buying coins? Is there something that I'm missing here?

I watched it pumped and LMAO. It shows there is really a ton of dumb money. And I myself am already pretty noob I believe because I am not a techie and don't quite understand the technicalities in whitepapers and all. But obviously this shows investors are even googling the coins they are investing in, because a simple search would have showed the scam CFD is (which is exactly why I didn't buy in). Now wishing I was dumb enough not to at least google the pros and cons of the coin. hahaha. But yes the level of dumb money is quite worrying and no surprise how weak these hands are in the current alt shitstorm.