BULLDOGITO | We warn you, but we're bad...
During the week, I saw posts from people promoting this #Bulldogito, which, for those who don't know, is just another one of the thousands of#DEXmeme coins that are created daily, which are useless for anything other than Pump&Dump. This one was created by Brazilians, which has always been synonymous with distrust due to the absurd number of scams
The "marketers" and people stuck at the top were constantly idolizing this coin, saying "A big exchange will be launched soon!", making the newbie public think it was Binance, when in fact it is LBank, which is ranked 17th in the CMC. And as soon as it was listed on a CEX, what was expected happened: they melted the coin. Something that was foreseen, all the person had to do was simply know how to read the holding portfolios
Even a child who operates on DEX knows very well that you don't buy anything that has a portfolio with more than 10%
If someone starts insisting a lot for you to buy a DEX coin, don't buy it. Because they are definitely stuck in that coin, they bought at the top and it started to fall. So they need to bring more people into this pyramid to try to get out with less loss.
DEX coins have a low MarketCap when compared to the consolidated ones on CEX, so any value that comes in or goes out already shakes the market. If a sale of 10K in BTC comes out, the graph won't even tickle, now, if US$10K comes out of a DEX coin with low liquidity, the graph could go to zero.
A final piece of advice for those who like DEX shitcoins:
Did you buy, made a profit? SELL!
Never get married to DEX coins, there in decentralized ones you don't have the same tools that you find here in centralized ones. You need to be careful.
For example, this one is now on LBANK, so if you want to buy, choose to buy there, create a limit order to get a lower price and pray. But honestly, there are better ways to waste your money.
If someone was already in profit, if they were smart, they would have created a Stop order on Pancake before going to sleep.This would “hold” your profit.
