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The scam coin that’s been getting really hot lately is Rave.
Rave has risen by about 47 times in the past 30 days—so many people will think: if I had put 10,000 U into buying Rave back then, I’d have 4,700,000 U today.
People who have this kind of thought are “leeks.” I admit I used to think that too, but once you’ve been in the crypto world long enough, I can tell you: this kind of idea is wrong, because when a scam coin is jumping that hard, there’s definitely a large amount of capital shorting it behind the scenes—that is, the leeks are the ones getting shorted.
The project team must see how much capital is shorting them; to wipe out those short sellers, they push the coin price higher—so the short sellers crash. Then, while the project team is pumping the price, they take the opportunity to dump their spot holdings and even, just by flipping their position, go long to make a big profit.
Us regular people—who don’t have this kind of insider information—how do we make big money in the crypto world? For people without insider info, the only way to make money in coins like this is “luck,” but this kind of luck isn’t guaranteed; maybe in the next trade, you’ll end up paying back the capital you had—both principal and interest.
So why, in the crypto world, only buy Bitcoin, or “ETH” spot? Because compared with those small scam coins, these 2 coins are much safer. Those small coins that explode up or crash are just taking turns harvesting leeks; the ones who make money are the project team and the exchange—when ordinary people go in, all they do is lose a lot of money. This is how the capitalist investment market works: “the rich get richer and the poor get poorer.” $RAVE