Lately, something serious has been happening in the crypto world. Davinci Jeremie โ the same man who became famous in 2013 for supporting Bitcoin ๐ฐ โ has now started scamming people ๐ก. Many new traders still trust his old reputation, and thatโs why they easily fall into his traps ๐.
๐ช How He Tricks New Traders
He keeps launching new memecoins ๐ช๐ช and advertises them like they are the next big opportunity. He says things like, โIf you missed Bitcoin, donโt miss this one!โ ๐คฆโโ๏ธ. Hearing this, people think the coin will fly high ๐ and they rush to invest their money.
๐ฎ What Really Happens
Once people start buying the coin, the price goes up. And then, at the peak, he suddenly dumps the coin ๐ฎ โ which means he sells all his tokens at a high price. After that, the coin price crashes โฌ๏ธ, and the normal investors are left with big losses ๐. This whole trick is known as a pump and dump ๐ฃ.
๐ Why People Get Trapped
Many beginners trust influencers more than they should. They think a famous person wonโt lie. But in crypto, fame doesnโt always mean honesty. Scammers use their popularity to fool people and make quick money ๐ฌ.
๐ How to Stay Safe
Always be careful ๐. Donโt trust anyone blindly โ even someone popular ๐. Always Do Your Own Research (DYOR) ๐.
Check:
Is the project real?
Are the developers honest?
Is the team transparent?
If someone promises โguaranteed profitsโ or says โthis is the next Bitcoinโ ๐ง โ thatโs a big red flag ๐ฉ.
๐ Final Advice
Crypto is full of opportunities, but also full of traps. Stay alert, protect your money ๐ช๐ฐ, and invest wisely ๐ต๐. Donโt let scammers take advantage of your dreams.
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