The title says alot. 

What isn't mentioned is that most college students tend to avoid financial topics because they're "stereotypically boring" and uninteresting. This means that they usually have distorted and uneducated views on crypto, the stock market, and everything financial such as mortgages,  real estate, interest rates, and so on. This leads to a trickle down effect that starts in college. This is why car salesmen can easily scam young people into buying cars with interest rates upwards of 30% a year to 365% a year. It's insane and honestly just the consumers fault. These sleazy salespeople will always exist. They exist in crypto, the stock market, at your door, and at many, many other places. 

In crypto these sleazy people are scam project ruggers and whales looking to destroy communities for profit. In the stock market they're the founders of pennystocks. In your house, it's the door to door sales man with no ethical boundaries. 

You get the general gist of it all. 

I was recently taking a look at small projects worth 5-50k usd in mcap and realized one thing: their owners run the whole thing. There are no staff members, no trusted employees, and no notable investors. This is the #1 sign of a rugpull, the only downside is that there is no way for us to know whether or not the owner actually rugpulls. 

To alot of these owners, their project could eventually be at 1-2 million dollars mcap in a year or two which is the only thing enticing them not to rugpull down into the ground and maybe even all the way into earth's crust - there are 2  types of rugpulls, the soft rug pull with just the owners' stake of the token being sold, and the hard rugpull where the owners' stake is sold, with the projects' liquidity also being taken out for an extra buck or two. Most rugpulls are consistent and you can't really spot them until it's too late. These are known as slow rugs - real life case studies are algorand and harmony, the 2 ecosystems have been slow rugging since the very beginning, making back all their rugs through taxes, nft sales, and fees; it's a lucrative business, for them. It's also why nobody knows about them and why nobody will ever use them, their reputation. 

That's all for today,

Cheers.