Cryptocurrency 'rug pulls' cheated investors out of $8bn in 2021(theregister.com)
theregister.com
Cryptocurrency 'rug pulls' cheated investors out of $8bn in 2021
https://www.theregister.com/2021/12/16/cryptocurrency_rug_pulls/
5 comments
I hope this reaches mass internet consciousness, and people start consolidating their time and effort into projects that won't make them 1000x, but will bring society more efficiency and durability, instead of wasting times memeing shit coins in and out of existence.
Also, data like this gives educators a good opportunity to discuss the importance of trading volume and float. I keep having a hard time getting this concept into people's heads, the price of the stock doesn't matter at all if the float and volume are tiny.
Also, data like this gives educators a good opportunity to discuss the importance of trading volume and float. I keep having a hard time getting this concept into people's heads, the price of the stock doesn't matter at all if the float and volume are tiny.
Seems to me cheated should be in quotes too.
When the value of the coin in the wallet inevitably drops as markets start "dumping" rather than "pumping", the crypto platforms that took advantage of the hype will be rich as hell (and in "real" money, too).