> “It's not that they are too good at scamming; it's that we want to be scammed too much.”
Behind every altcoin scam lies the dark side of human nature: greed never dies, and scams never cease.
In traditional markets, scams are exposed over time;
In the altcoin market, scams survive on 'stories'.
The project side may not be brilliant, and investors may not be foolish.
They are merely dancing together in a tacit agreement of greed: one wants to tell, the other wants to listen.
I. Scam creators: The storytellers.
In the altcoin market, scams are not just simple pump-and-dump schemes, but:
Carefully designed narrative logic:
From 'blockchain changes the world' to 'connecting AI + DeFi + RWA + GameFi', every word seems understandable, but combined, it becomes metaphysics.
Create scarcity:
Limited pre-sale, airdrop incentives, community 'qualifications'... make investors feel that 'missing out once means missing out for a lifetime.'
Use authority as disguise:
Pull in KOLs, VCs, partners for endorsements, or simply fabricate:
“Collaborating with Binance and about to launch,” “A certain big influencer is participating privately”...
The 'expectation management' master:
No direct promises, just 'implying' the future, 'you interpret it yourself', after all, there's always a way out of what is said.
The brilliance of scams lies not in 'scamming techniques', but in shaping hope and fantasy.
II. Investors: The proactive dancers
Why do scams repeat?
Because people do not misunderstand risk, but are unwilling to give up the fantasy of getting rich quickly:
“I know this might be a plate, but I want to bet it will go up.”
“Just run fast, don’t be the one to take the fall.”
“It might be a scam, but what if I’m an early participant?”
This mentality of 'I know it's a scam but I can still profit' is prevalent.
It is actually a delusional confidence in one's own judgment rooted in greed.
is a kind of 'voluntary participation' tinged with luck.
Investors have become an indispensable part of the scam ecosystem—
They are not scammed; they actively participate.
III. A symbiotic dance: You have the script, I have the emotions.
The scams in the altcoin market are a supply-demand relationship:
The project side needs to tell a story that can 'cut'.
Investors need to believe in a dream that could double.
Thus, 'technological implementation', 'community-driven', 'fair launch', 'no private placement, no VC' became standard templates.
Plus a round of 'pre-market accumulation + pump + listing + community hype' routine,
The whole story seems logical, fluid, and hopeful, but in reality, it is ethereal.
You are not unaware of its emptiness,
You just hope it can be substantial while also generating profits.
IV. How to escape this collusion?
1. Establish a reflection mechanism:
Every time one gets cut, it’s not 'the project scammed me', but 'why did I choose to believe?'
2. Distinguish the real boundaries of the story:
The story is not the problem; the problem is whether the story has a path to realization, whether it is verifiable, and whether it truly incentivizes user participation.
3. Establish a falsifiability mechanism:
Can on-chain data support the heat? Is the team open and transparent? Are users genuinely participating?
4. Cut off 'luck-based greed':
Turn every fantasy of 'what if it skyrockets' into practical operations on 'how to avoid the pit'.
V. Conclusion
Scam creators and greedy investors are like a pair of tacit dance partners, dancing the tango of money to the melody of desire.
Some got rich while dancing, but more, when the final whistle blows
, realizing that they have already given everything.
Rather than asking 'how much will the next altcoin rise',
It’s better to ask first: 'Am I playing a familiar role again this time?'
