Before I talk about what I did yesterday, I really recommend either:
- Never buying a shi*coin
- Doing enough research to know what you are actually getting into if you decide to do it anyways.
I bought this crap:
Why?
Well you may ask me why I bought it... The answer is that I randomly found it on https://coinsniper.net/ a few days ago and just figured why not?
Was there any research done on this?
Nope not at all. I looked at the whitepaper once and saw that it contained a bunch of lofty goals that ultimately culminated in a yacht party for holders...
Will I Get Rug Pulled?
Almost certainly, but in a rug pull people still make money... Just if they sell at a reasonable time.
Where Can I Find This Token?
Do you actually really want to know? I feel bad telling you because it is almost a certainty it will go to zero long term... It's on Pancakeswap though.
What Does This Token Actually Do?
As far as I can tell it does nothing. The roadmap promises some stuff, but really I have no idea what is going on. They are supposed to donate to charity, but don't actually say how it will be done. The whole thing looks shady.
Why Ever Buy A Shi*coin?
Well some of them end up gaining a ton of media attention and pump like crazy before someone dumps it. I don't believe in the long term future of any of these coins, which is why I say to really think about what you are doing before you do it, but who knows what ridiculous article or tweet could come out and 2000x your investment? Will that happen? Almost certainly not... But I guess this is better than actually gambling in a casino.
Was This A Terrible Idea That Shows I Am Bad At Crypto?
YES
Not financial advice!
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My name is Rob and I am a prospective law student with interests in cryptocurrency and blockchain. I have enjoyed my time thus far engaging with Web 3.0 and am looking to continue learning more and sharing what I learn through my experience
