06-19-2021, 01:50 PM
My wild ride with a shit coin
<!-- SC_OFF --><div class="md"><p>This took place over Memorial Day weekend, which feels like months ago, but was really only weeks.</p> <p>It all started as a half drunk bet between my boyfriend and I. I could double our money in less than 24 hours. I like games and I sure as hell like a good gamble. And that’s what shitcoins pretty much are. Sure, every coin has to start somewhere but unfortunately, scammers have made it hard to pick out the legit ones.</p> <p>I was wanting a gamble though, so I didn’t care. I’m going to name the coin because it’s now worthless but I think it’s a good idea to say it. It was a sexy name and can easily be used again in a scam. Frostfire. </p> <p>I found it at around 6pm on the day it launched. It was around 10 minutes old and only had a few wallets. I searched Reddit and google. Nothing. I bought some anyways. I wanted a gamble. I put $50 in and got 1 trillion coins. Sweet.</p> <p>Fast forward to an hour later, I was up double my money. My boyfriend told me to pull out but I couldn’t. Fomo was real.</p> <p>Another hour later I was up to $200. Boyfriend told me to pull out but I definitely wasn’t at this point. And I found a telegram for it.</p> <p>Fast forward to 4 hours later and I believe I was up to $1k. My boyfriend was sleeping and I was riding this out.</p> <p>8-10 hours after putting $50 in, the market cap hit 1million. My $50 was now over $5k. I couldn’t pull out at this point. I was so sure I’d hit the jackpot. I felt like those damn baboons that fall for the salt traps in the Amazon. I thankfully pulled out $500 just in case.</p> <p>I woke up the next morning to it being down to $2k. Not great but it’s ok. It’s only stabilizing I told myself. The dev got active on telegram and a bunch of people started buying again. Back up to $4k almost $1million mc.</p> <p>There were a lot of red flags on telegram and a lot of bots in the Reddit comments but I chose to ignore them. Then over the next day we got slowly rug pulled until my $5k was worth $200 that I managed to pull before it was completely worthless. The dev deleted the website and telegram.</p> <p>Ouch. I spent the next week trying to find the next Frostfire and lost about $200. And then I just started looking up new coins on bscscan and lurking the telegram and poocoin out of curiosity. I made a rule that no matter how much I believed in a coins potential I wouldn’t buy a brand new shitcoin until it survived the first week at least.</p> <p>Guess what? They never did.</p> <p>My advice? Don’t put your money into a coin unless it’s been audited. I did my homework every time and even when there was a burn wallet and no major whales, a liquidity pool, a rug pull always happened. </p> <p>And if you’re going to anyways, expect your money to be gone.</p> <p>Best way to get rich? Do some good DD and put any money that you don’t need into some projects that have a purpose or aim to satisfy a need. And don’t ever chase losses.</p> <p>If you’re still here, have a great weekend and feel free to share your story if you have one.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fionathegreat"> /u/fionathegreat </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o34emf/my_wild_ride_with_a_shit_coin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o34emf/my_wild_ride_with_a_shit_coin/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This took place over Memorial Day weekend, which feels like months ago, but was really only weeks.</p> <p>It all started as a half drunk bet between my boyfriend and I. I could double our money in less than 24 hours. I like games and I sure as hell like a good gamble. And that’s what shitcoins pretty much are. Sure, every coin has to start somewhere but unfortunately, scammers have made it hard to pick out the legit ones.</p> <p>I was wanting a gamble though, so I didn’t care. I’m going to name the coin because it’s now worthless but I think it’s a good idea to say it. It was a sexy name and can easily be used again in a scam. Frostfire. </p> <p>I found it at around 6pm on the day it launched. It was around 10 minutes old and only had a few wallets. I searched Reddit and google. Nothing. I bought some anyways. I wanted a gamble. I put $50 in and got 1 trillion coins. Sweet.</p> <p>Fast forward to an hour later, I was up double my money. My boyfriend told me to pull out but I couldn’t. Fomo was real.</p> <p>Another hour later I was up to $200. Boyfriend told me to pull out but I definitely wasn’t at this point. And I found a telegram for it.</p> <p>Fast forward to 4 hours later and I believe I was up to $1k. My boyfriend was sleeping and I was riding this out.</p> <p>8-10 hours after putting $50 in, the market cap hit 1million. My $50 was now over $5k. I couldn’t pull out at this point. I was so sure I’d hit the jackpot. I felt like those damn baboons that fall for the salt traps in the Amazon. I thankfully pulled out $500 just in case.</p> <p>I woke up the next morning to it being down to $2k. Not great but it’s ok. It’s only stabilizing I told myself. The dev got active on telegram and a bunch of people started buying again. Back up to $4k almost $1million mc.</p> <p>There were a lot of red flags on telegram and a lot of bots in the Reddit comments but I chose to ignore them. Then over the next day we got slowly rug pulled until my $5k was worth $200 that I managed to pull before it was completely worthless. The dev deleted the website and telegram.</p> <p>Ouch. I spent the next week trying to find the next Frostfire and lost about $200. And then I just started looking up new coins on bscscan and lurking the telegram and poocoin out of curiosity. I made a rule that no matter how much I believed in a coins potential I wouldn’t buy a brand new shitcoin until it survived the first week at least.</p> <p>Guess what? They never did.</p> <p>My advice? Don’t put your money into a coin unless it’s been audited. I did my homework every time and even when there was a burn wallet and no major whales, a liquidity pool, a rug pull always happened. </p> <p>And if you’re going to anyways, expect your money to be gone.</p> <p>Best way to get rich? Do some good DD and put any money that you don’t need into some projects that have a purpose or aim to satisfy a need. And don’t ever chase losses.</p> <p>If you’re still here, have a great weekend and feel free to share your story if you have one.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/fionathegreat"> /u/fionathegreat </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o34emf/my_wild_ride_with_a_shit_coin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o34emf/my_wild_ride_with_a_shit_coin/">[comments]</a></span>Kind Regards R