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Altcoins scam

AltCoins Pump and Dump season is here

Alt-coin season? Yes, it seems like it, just don’t forget to take profit.

This is pretty common-knowledge but for these nibbas, who are new to crypto read this.

Bitcoin is range-bound, money will flow into alts. But make no mistake, the VC’s that have backed these Alts will take profit.

  • VC’s fund projects with potential, in return they receive tokens, equity or both usually with massive discount (whole-sale-prices)
  • Pump the prices to (retail-prices)
  • Pay for air-time on popular crypto-media-outlets, pay popular crypto-influencers to shill a project.
  • Take profit in the distribution area.

Forgot to mention. It’s Ba’al season.

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