0.001% can take $1 and turn it into $100 with a shit coin. The other 99.99% will turn $100 to $1 with a shit coin. Story of $Arbi PEPE, Recently rugged token.
It's as simple as that. Most Twitter/Reddit posts that say OMG this guy turned $25 into 10M!! are either the devs or inside traders.
Recently we saw a brief meme coin pump. Leading the pump was $PEPE. Which is already down from ATH now. When $PEPE started gaining momentum other people wanted to capitalize on this so they made similar tokens that contained $Pepe in the name.
One of those tokens was called Arbi Pepe.
https://preview.redd.it/23tt5xo0kcva1.png?width=1290&format=png&auto=webp&s=b95d66d6f2732db3cd59e7d0d4f17241580d9435
As you can see it got rugged. Down 100% today with a fully diluted MC of $35. It has over 130m in trading volume that day!
https://preview.redd.it/cugmomeakcva1.png?width=1009&format=png&auto=webp&s=8ece606feb8a721797bb7f92526203dfa4eec216
The coin has some up and downs before the rug in which many causal investors who wanted to 10x their money in one day bought in.
https://preview.redd.it/0vp39iofkcva1.png?width=1013&format=png&auto=webp&s=bc286a90622fbd521690b06ec418e375c975f392
What is the lesson here? STOP PUTTING YOUR MONEY IN SHIT COINS. Simple... Also, there is a reason why people can't just 10x their money in a week. If it was easy everyone would be doing it already. If you are up in these meme coins GET OUT NOW. You will get burned.
When people say put most of your money in btc/eth I always see comments below that say why? This is why!
TLDR: Shitcoin gets rugged. Shit coins are bad. Stop putting money into them... submitted by /u/OutTop
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http://dlvr.it/SmtnMg
http://dlvr.it/SmtnMg
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