Post
Topic
Board Speculation (Altcoins)
Re: Apparently you can get rich even with scam coins.
by
frmracc
on 21/01/2018, 08:59:20 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?

If that scam coin already placed on exchange people will still buy it even the coin is a scam, especially the whale, always find a way to get profit and they can do big pump on that coin. Actually there are many cases like that, scam/trash coin but one day the price suddenly pumped to x10-20.