$MYX This coin is a typical scheme by big players. Don't be fooled by the current surge; there's a lot of manipulation behind it.
Forty times in one and a half months? It's clearly a pump to attract retail investors to buy in.
Now the basis has turned negative, and the futures market is starting to bet on a decline; a crash could happen at any moment.
The juiciest gains have already been eaten by the big players; entering now, whether going long or short, is just giving away money.
They are just waiting for those who chase after the rising prices to get caught, then they will go short and profit from both sides. Those who show off making tens of thousands of U.S. dollars are either shills or just lucky to have run away quickly.
Remember, after a sharp increase, there will definitely be a sharp decrease, especially for these altcoins that lack substantial support.
Big players pump prices not out of charity; they need someone to buy in.
Going in now is not investing; it's being a philanthropist giving money to the big players.
By the way, is it reasonable to see this 0.3335 opening long now at 1.98 being forty times?
