Matheush2ds
--
Bearish
During the week, I saw several people promoting #BullDogito , another of the countless #DEX meme coins created daily. Like so many others, it has no real use and is only used for Pump & Dump? a scheme where false promises inflate the price (Pump) and then the creators sell everything at once, dropping the value (Dump).
In addition, this coin was created by Brazilians, which, given its history of scams, is already a warning sign.
If someone insists that you buy, be suspicious. This person probably bought at the top and now needs to attract new buyers to minimize the loss - a typical pyramid scheme.
Another risk is liquidity: while U$ 10K sold in Bitcoin makes no difference on the chart, this same amount can wipe out a small DEX coin.
The game is always the same: few profit, many lose. Don't fall for it.#
In addition, this coin was created by Brazilians, which, given its history of scams, is already a warning sign.
If someone insists that you buy, be suspicious. This person probably bought at the top and now needs to attract new buyers to minimize the loss - a typical pyramid scheme.
Another risk is liquidity: while U$ 10K sold in Bitcoin makes no difference on the chart, this same amount can wipe out a small DEX coin.
The game is always the same: few profit, many lose. Don't fall for it.#
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
148
0