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by sebmellen 1884 days ago
Ah yes, the SAFEMOON literal Ponzi scheme. Beautiful.

Number go up, number go down. But damn, look at that chart https://coinmarketcap.com/currencies/safemoon/. It’s one of the cleanest looking pump-and-dumps I’ve ever seen.

This is not something to celebrate or condone. A lot of people who don’t know better are losing their savings trying to play along with the hype.

See https://stockhead.com.au/cryptocurrency/this-is-a-scam-crypt... or https://www.benzinga.com/markets/cryptocurrency/21/04/207213... for more.

2 comments

Exactly. That is a text book example of a pump and dump ponzi scheme.

This gives the SEC another reason, to 'protect' the retail investor by introducing regulations for cryptocurrencies.

So from here, I know that a lot of investors will become expensive bag holders from this. Just like the Bitconnect scam in 2017.

Sad sad day. Cryptos need regulation bad, quickly...
...which would kill them.

Investors need education. Which might hurt - but won't kill them.