/biz/ - Business & Finance

Attention newfags and no-coiners trying to get into the crypto game. Below is important information about the recent pump & dump scam called "Mooncoin". Read it carefully.

In essence, Mooncoin is one of the thousands of noname, no-volume, copycat coins that never make it to major exchanges and mostly collect dust. However, it has been picked up by a small scammer team that is currently shilling in other threads. What's their motivation? To lure enough newfags in and then take their money. They promise that it'll go up in value so that you buy it and they can take a 200%-500% profit off their own cheap coins that they bought in advance. Where does that profit come from? Your money. What do you gain? Nothing, because the coin is worthless and no one needs it.

Now, take a good hard look at the screenshot. It is Mooncoin's market trade history. You can see buy orders and sell orders. Can you notice the obvious pattern? Buy orders are very small, almost always below 0.01 BTC. On the contrary, sell orders are pretty big, often 0.1-0.2 BTC. The coin is getting sold WAY faster than bought. People are getting huge double gains off those who bought later at a higher price (newfags from /biz/), and if you buy it now, you'll lose your money. There's simply no room for everyone to win, and worst of all, they're scamming /biz/.

If you want to get into crypto, invest into any OTHER crypto coin. Don't touch Mooncoin. Don't fall for the shilling, ignore the scammers trying to get your money. Instead, read more, research carefully and never pursue a quick 300% profit until you become more experienced. Wish you a happy crypto experience.

Please bump this thread to keep anons informed.

Attention newfags and no-coiners trying to get into the crypto game. Below is important information about the recent pump & dump scam called "Mooncoin". Read it carefully.

In essence, Mooncoin is one of the thousands of noname, no-volume, copycat coins that never make it to major exchanges and mostly collect dust. However, it has been picked up by a small scammer team that is currently shilling in other threads. What's their motivation? To lure enough newfags in and then take their money. They promise that it'll go up in value so that you buy it and they can take a 200%-500% profit off their own cheap coins that they bought in advance. Where does that profit come from? Your money. What do you gain? Nothing, because the coin is worthless and no one needs it.

Now, take a good hard look at the screenshot. It is Mooncoin's market trade history. You can see buy orders and sell orders. Can you notice the obvious pattern? Buy orders are very small, almost always below 0.01 BTC. On the contrary, sell orders are pretty big, often 0.1-0.2 BTC. The coin is getting sold WAY faster than bought. People are getting huge double gains off those who bought later at a higher price (newfags from /biz/), and if you buy it now, you'll lose your money. There's simply no room for everyone to win, and worst of all, they're scamming /biz/.

If you want to get into crypto, invest into any OTHER crypto coin. Don't touch Mooncoin. Don't fall for the shilling, ignore the scammers trying to get your money. Instead, read more, research carefully and never pursue a quick 300% profit until you become more experienced. Wish you a happy crypto experience.

Please bump this thread to keep anons informed.