Have you seen Telegram groups? Everyday I see someone promoting their token on ethereum or binance. They are showing the promise of "to the moon" with each of them promoting the coin. More deeper you dig you realize that they are lacking use case and they are just pumping up price till they can make the exit. And boom! the coin goes down and so does your investment.

So how does the "Too the Moon" bait works?

This Coin will Go "To the Moon"

Let's take an example of how the coin is being promoted. You find some telegram group, forum, reddit or some social media thread. Where this coin is being promoted. Number of fake accounts will start to support this coin. Some can be bots or maybe paid posters who are supporting this coin. All of them are using references of Elon musk or maybe some other big rich guy. Giving "law of attraction" advice while living their whole day on the internet  and talking about being rich and abundant life.

You can easily see through some of these signs as this will become a rug pull coin or token soon.

Use "Doge" or "Elon" in the Names of Token

There has been a big trend lately making use of the Elon musks name when releasing the new token. A lot of people have also tried using the name of the dogecoin and doge specific breeds for creating token and building the ecosystem around the same. Guiliable people fall for it. Like if there is association of tesla, elon and dogecoin around this new coin, then yes it will go to the moon and our investment will be double.

A lot of people are still waiting for dogecoin to become 1 dollar. Sure there re some people profiting out of it but it's not the coin of promises and rich. It's basically a grind cycle "first come first take out" system.

It'll have Use Case in Near future

It's been years since Shibinu is released, Dogecoin is released and many other coins released in the market. Yet there is a lack of use case. There are shops and the services that make use of these coins but it's not really profitable in context of the price. We continue to hear the preachers of these coins telling us that these tokens and the coins will have a future.

But when? When it will have a future? I don't think a lot of these under 10 cents coins would have strong future. It's all risk and cycler game till it gets acceptance once the regulation kicks off.

You Put in Money, I  Go to the Moon

Let's imagine the scenario where your money is stuck into the coin. And you want to make an exit and be done with that coin. What would you do? You want other people to invest into such cycler system get your investment pumped up. And then make the exit and others would do the same till the coin is flat dead. Sounds familiar? Yes network marketing and the MLM systems work the same way. Remember the LUNA and other token bloodbath that happens whenever someone makes a mistake of joining because others convinced them to do.

Get new fresh blood in the grinder and then you make the exit. Be a whale, hold enough stock, pump it up and exit.

What should You Do?

I talked enough about the traps and now let's talk about what you as an investor should do. Here's my approach in investing into crypto.

• Make sure coin has a use case. Tokens too need that.
• Make sure big corporate invest into it.
• Make sure to make an exit by having specific price in mind and making exit after reaching.
• Avoiding long term hold on tokens, as they are layer 2 and hardly worth long term.

Again my system works for me. It may not work for you. Next time someone comes to you with the promise of  "To the Moon". Make sure to realize that it's a trap.