If your coin has a CEO, your money and you are going to have a BAD time.
2 min read
Look up your investment. Does it have a CEO? Does it have a coin unlock schedule? Do they hold most of the coins? Etc? Yes to any of these? Your chances of getting wrecked go up exponentially for every yes.
And when you get burnt after reading this, don’t say you weren’t warned.
Your money is going to have a bad time.
With a CEO, you’re just one tweet, lawsuit, or scandal away from getting financially wrecked. Just look at MANTRA ($OM), one of the reasons I’m making this post, which once hit $7, then crashed to 40 cents literally this morning. 90% of its value wiped out in a single day. I honestly thought it was getting delisted from Binance which usually causes a massive sell off.
In real time, I watched insiders (thanks to Coffeezilla’s video today) dump while bag-holders watched their savings burn. The CEO literally made backroom OTC deals to pump the price so the buyers could exit and be in profit right after the purchase. And I bet when they’re done selling and crash the price to 1 cents, they’ll disappear altogether and nothing will happen to them. That’s not a currency. What do you even call this?!
Other coins with a CEO that destroyed their investors were Safemoon and at the moment even possible an EX ARE PEE coin that are literally selling a million of their coins every month. And will do so until they unload like a billion coins. The hell?!! And a certain president, his wife, and son launching their own coin, which have led to humongeous losses.
So, does your investment have a “visionary” at the top? That’s a pump-and-dump scheme in a suit. If your investment depends on the decisions of one man… your money is going to get disrespected.
Which ones don’t?
Bitcoin (BTC)
Litecoin (LTC)
Monero (XMR)
Dogecoin (DOGE)
Decred (DCR) (99% certain it doesn’t)
Bitcoin Cash (BCH)
Dash (DASH) (but it might get delisted from many exchanges if it goes the privacy route and get wrecked price-wise)
Cardano (thanks to the replies).
Fartcoin (lol. What?!)
submitted by /u/SquatDeadliftBench
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