• jungle@lemmy.world
    link
    fedilink
    English
    arrow-up
    4
    ·
    2 days ago

    You also need to sell at the right time. The people who buy while it’s going up don’t sell until after the rug gets pulled by the insiders, and by then it’s too late.

      • jungle@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        ·
        2 days ago

        Right, that’s why so few of these people lose their shirt to these rug pulls.

        • AwesomeLowlander
          link
          fedilink
          English
          arrow-up
          2
          ·
          2 days ago

          My original comment was specifically referring to those who bought in early at the start. Presumably if you buy at rock bottom, there’s only so much a rug can pull out from under you.

          • jungle@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 day ago

            Well, I’m glad you’re so confident in your ability to time these scams. Don’t bet more than you’re comfortable losing though.

            • AwesomeLowlander
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              1
              ·
              1 day ago

              How did my hypothetical, rhetorical question lead to the conclusion I’m one of those idiots…?

              • jungle@lemmy.world
                link
                fedilink
                English
                arrow-up
                2
                ·
                1 day ago

                You seem confident that you can profit from memecoin rugpulls without being an insider. You’d only be an idiot if you tried to pull it off with money you can’t afford to lose.

                • AwesomeLowlander
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  arrow-down
                  1
                  ·
                  1 day ago

                  My question to start with was pretty specific. If somebody had bought in at the start on the ground floor, weren’t they pretty much guaranteed a profit, now that all these shenanigans are ongoing? You seem to have turned that into me advocating for crypto and memecoins in general.

                  • jungle@lemmy.world
                    link
                    fedilink
                    English
                    arrow-up
                    1
                    ·
                    1 day ago

                    Not crypto in general. Memecoin rugpulls, which is what this whole post is about.

                    The overwhelming majority of people who buy that shit lose their money. You’re saying that’s easy to avoid. If it’s so easy, why are they all getting scammed?