/biz/ - Business & Finance

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Recognize this pattern? Sat, Feb 13, 2021 00:04:14 No.28578462 [Reply] [Original]

If you are new to this board be wary of any time you see a project that shares its name with some stupid animal, meme, or fast food restaurant. Discord pnd groups actively create new er20 tokens, prebuy the token to pump the price up, and flood the board with shills. They'll get you excited to be part of an "easy 10x!" And they'll get tons of replies from shill anon's agreeing with them and bragging about their gains. As soon as you buy or shortly after they will dump their bags on you, selling the coin themselves and taking profits, leaving you holding worthless dog shit. If you are the type who likes to gamble then go ahead and buy these meme pnds and try to get out fast, but it's a dangerous game and if you're here with the intention of investing in legitimate projects you should learn to recognize and avoid these tokens like the plague.

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