top | item 26897078 0.1 ETH to $30M in 46 days 22 points| undefined1 | 4 years ago |bscscan.com 12 comments order hn newest sebmellen|4 years 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/. 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-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more. rvz|4 years ago Exactly. 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|4 years ago Sad sad day. Cryptos need regulation bad, quickly... load replies (1) ctur|4 years ago This is inscrutable to anyone not familiar with whatever that site is and the underlying systems and terminology.Someone should write a blog post or something to explain it, then link that here so we can all be in awe, or outrage, together. ve55|4 years ago Either way I think I have seen more than my fair share of 'this person got absurdly rich absurdly quickly doing absurdly little work' content recently. ayoubElk|4 years ago Can someone explain how it was done? px1999|4 years ago Looks like they bought and sold the safemoon defi token (bought really low, sold [comparatively] high) reidjs|4 years ago I’m confused. At what point did they convert it from crypto to USD? ketamine__|4 years ago https://bscscan.com/address/0x8c7de13ecf6e92e249696defed7aa8...Probably somewhere in here. quyleanh|4 years ago Such a clever movement. That is beautiful of blockchain. foogazi|4 years ago ELI5: what happened here?
sebmellen|4 years 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/. 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-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more. rvz|4 years ago Exactly. 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|4 years ago Sad sad day. Cryptos need regulation bad, quickly... load replies (1)
rvz|4 years ago Exactly. 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.
ctur|4 years ago This is inscrutable to anyone not familiar with whatever that site is and the underlying systems and terminology.Someone should write a blog post or something to explain it, then link that here so we can all be in awe, or outrage, together. ve55|4 years ago Either way I think I have seen more than my fair share of 'this person got absurdly rich absurdly quickly doing absurdly little work' content recently.
ve55|4 years ago Either way I think I have seen more than my fair share of 'this person got absurdly rich absurdly quickly doing absurdly little work' content recently.
ayoubElk|4 years ago Can someone explain how it was done? px1999|4 years ago Looks like they bought and sold the safemoon defi token (bought really low, sold [comparatively] high)
px1999|4 years ago Looks like they bought and sold the safemoon defi token (bought really low, sold [comparatively] high)
reidjs|4 years ago I’m confused. At what point did they convert it from crypto to USD? ketamine__|4 years ago https://bscscan.com/address/0x8c7de13ecf6e92e249696defed7aa8...Probably somewhere in here.
ketamine__|4 years ago https://bscscan.com/address/0x8c7de13ecf6e92e249696defed7aa8...Probably somewhere in here.
sebmellen|4 years ago
Number go up, number go down. But damn, look at that chart 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-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more.
rvz|4 years ago
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|4 years ago
ctur|4 years ago
Someone should write a blog post or something to explain it, then link that here so we can all be in awe, or outrage, together.
ve55|4 years ago
ayoubElk|4 years ago
px1999|4 years ago
reidjs|4 years ago
ketamine__|4 years ago
Probably somewhere in here.
quyleanh|4 years ago
foogazi|4 years ago