Protect your capital before diving into low-cap altcoins; it's crucial to avoid scams that are rampant on CT daily 🚨
Here's their modus operandi:
1. Several influencers set up a chat group to decide on hyping coin X.
2. They accumulate large amounts of this coin a month before promoting it on CT, spreading purchases across multiple wallets to conceal their true intent.
3. Influencer 1 starts hyping the coin, leading to a rise in its value, benefiting all involved influencers.
4. A few weeks later, influencer 2 begins echoing influencer 1's Tweets, adding comments like 'That's a great pick in my opinion.' Days later, they also promote the same coin, further pumping their holdings.
5. Now, influencer 3 begins retweeting posts from influencers 1 and 2, also predicting how much the coin will grow. In reality, it's only growing for these influencers.
6. Influencers 1, 2, 3, and 4 simultaneously share the same coin, pumping it again. This usually happens during market euphoria, especially when BTC rises more than 10%, creating a lot of FOMO and leading to the strongest pumps.
7. After the coin has already pumped 10x, these influencers boast about their predictions and suggest you pay attention when they hype the next project. Ever wonder why you never managed to get in on time, despite following these influencers?
8. Next, influencers 5, 6, and 7, who previously didn't comment on the coin, join for the final pump. These accounts typically have the largest follower and interaction counts, leading to a massive pump.
9. Then, using the next BTC dip, these 4-6 influencers sell 20-25% of their holdings, dumping on their followers but making it look like a normal reaction to BTC's 'dump, bro.'
10. They repeat this strategy until their holdings have ballooned 200x or more. They then flaunt screenshots, telling you to listen next time, as 'Look, bro, I told you, it went up 200x.'
11. The cycle repeats, and you'll always notice these few influencers, working together, always hyping the same coins at the same time.
Protect your capital from these scammers. #BTC