Crypto’s Dance of Deception: Unmasking the Shiny Scam

The crypto market, once vibrant and electrifying, now bleeds slowly—a crimson tide of uncertainty. The culprits? Influencers and venture capitalists, weaving a web of deception.

Token launches, like fireworks in the night sky, dazzle with their promise. Yet, beneath the glitter, lies a darker truth. These projects emerge, with only a handful of tokens available at launch, artificially inflating their scarcity. Valuations soar, driven by greed, while VCs gleefully count their gains.

And the influencers? They dance on the edge, luring retail investors from one shiny bauble to another. It’s a carousel of hope and despair, spinning faster, faster. Early-stage investors and influencers—the puppeteers—reap the spoils, leaving retail investors gasping for air.

This, my friend, is the crypto space’s new scam. A grand heist, where they pilfer from us, the unsuspecting masses. Beware the cycle, for it churns relentlessly, a tempest of fortunes lost and dreams shattered.

Stay vigilant. The wolves roam

Spoilt For Choice

🤔 Why invest in crypto projects when you can just toss a coin and hope it lands on heads? 💰

With the sheer number of crypto projects out there, it's like trying to pick a favorite child. 😂 Investors are left scratching their heads, wondering which project will actually make it to the moon and which will end up in the crypto graveyard. 🌕💀

And let's be honest, the lack of investment in these projects is like trying to fill a swimming pool with a teaspoon. 🥄🏊‍♂️ The price action is more volatile than a caffeinated squirrel, leaving investors feeling like they're on a never-ending rollercoaster ride. 🎢

We have too many projects and not enough investors in crypto.

But hey, at least the memes are good, right?
😂

On the Losing Side? - It's By Design

So, there's a ton of crypto tokens out there – we're talking more than 20,000! And every month, we see a bunch of new ones popping up, all shiny and hyped up to get people excited and jumping on the bandwagon.

Here's the scoop: these projects rake in cash, and if you're putting your money in, you're getting a thrill out of it – kind of like a mini jackpot every time things go your way.

But let's be real, it's usually the folks behind the project who are hitting the jackpot more than the average Joe or Jane.

Why so many new tokens, you ask? Well, it's pretty simple. It's super easy to make one, and there's a lot of dough to be made off of folks like us.

Check this out: hop onto a site like Fiverr, and you'll find people who'll whip up a cryptocurrency for you. Prices range from 80 bucks to a grand, depending on what you need. They'll sort you out with a token on your blockchain of choice, get you a DEX, meme coins, stable coins, a slick website, Discord setup, Telegram trading bots – you name it.

But here's the kicker: at the end of the day, it's usually the traders and investors who end up short-changed. A lucky few might strike it rich, but the peeps creating these projects? They're laughing all the way to the bank way more often than we are.

#written2earn

I'm Trading Inside - come on in!

In the realm of cryptocurrency, the term ‘insider trading’ takes on a new dimension. It refers to the act of using privileged information to make market moves based on events that are yet to become public knowledge. While this is illegal in the traditional financial world, the crypto industry faces challenges due to its relatively unregulated environment.

Let’s delve into the early token allocation process and the key players involved:

Project Team: The heart of any project, the developers and founders are often allocated tokens as a reward for their dedication and hard work.

Early Seed Investors: The financial fuel comes from these backers, including venture capitalists and angel investors, who are typically rewarded with early token allocations.

Advisors and Consultants: The brains providing strategic guidance often receive tokens for their invaluable contributions.

Influencers: The voice that echoes across the community, influencers are allocated tokens for their role in amplifying the project’s reach and potential success including future promotions for the project.

These early allocations, while standard, can lead to insider trading if the knowledge is used for trading before it becomes public. The crypto market’s lack of stringent regulation compared to traditional finance makes it difficult to monitor and prosecute such activities.

Let me ask you, if you received a huge allocation as a developer who is part of the project, what would be the first thing you do on launch day?

#write2earn🌐

It's Up, I Am Going All In

As a seasoned observer of the cryptocurrency markets, I've witnessed firsthand the highs and lows that investors experience. Today, I want to share a cautionary tale that might just save you from a costly misstep.

During the last bull run, a friend of mine, fresh to the crypto scene, eagerly soaked up advice from every corner of the internet—from YouTube to TikTok influencers. His strategy? Chasing the wave. He hopped from one trade to the next, often lured by tokens surging 20% overnight. But here's the twist: by the time he entered these trades, he became the exit liquidity for early birds who had patiently awaited the pump to cash in on substantial gains.

Here lies the lesson: if you spot a crypto asset skyrocketing, it's often too late to join the party. Jumping in at that point is like playing with fire—you're likely to get burned.

But it's not just the newcomers who fall into traps. Even the more astute investors can watch their paper profits vanish. They cling to their assets, convinced that the value will climb even higher, only to see their gains slip through their fingers when the market turns.

The savvy trader knows the art of timing. They enter the market, secure their profits, and exit before the tides turn. It's a simple mantra: Get in, get out, and don't look back. Remember, in the volatile world of crypto, fortunes can change in the blink of an eye. So, trade smart, stay informed, and always be prepared to make the swift, decisive moves that will safeguard your investments. #Write2Earn

The Impact of Digital Influencers on Consumer Behavior

In the digital age, a multitude of influencers command vast audiences across various platforms, granting them significant influence over projects seeking to expand their user base.

For newcomers encountering these digital personalities, the intricacies of the influencer ecosystem remain shrouded, often leading to unfavorable outcomes.

These influencers often enter into lucrative agreements with projects to endorse them, with some projects deploying extensive marketing strategies that involve enlisting numerous influencers to promote a particular initiative. A case in point is the ‘Satoshi VM’ project, which exemplifies this approach.

Moreover, influencers frequently receive preferential early access to project allocations, positioning them to capitalize at the expense of their followers.

It is crucial to recognize that familiarity with an influencer through their YouTube presence does not equate to trustworthiness. The negotiations that transpire prior to each broadcast are typically undisclosed, leaving the audience in the dark regarding the influencer’s true intentions.

Their guidance on market transactions prompts speculation: Are they orchestrating market fluctuations on a granular level?

Contemplating a market devoid of their presence raises questions about its potential dynamics and our individual decision-making processes.

Ultimately, it is evident that influencers reap substantial benefits within this industry, often at the cost of the uninformed consumer. #Write2Earn