9 out of 10 Most Popular Coins in Asia are Shitcoins 💩 (According to CMC traffic)
finance.yahoo.com/finance/news/cocoswap-becom...
finance.yahoo.comPosted Jul 8, 2021, 2:56 AM UTC
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finance.yahoo.comIn my country ( Asian country ) people see crypto as a get rich quick scheme.
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most of people who wants to quick profit will loose all their money quick.
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I think that's true everywhere for most people.
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Don’t you see just about everything as a get rich quick scheme? You guys single handedly keep the worlds casino industries afloat.
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"AstroElon" what can you expect with that name
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The moon?!?!
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It baffles me how the likes of safemoon that have confirmed rug pulls under their belt are still traded so high...
This just shows how immature the market is.
Edit: Fixed all the grammar mistakes.
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'Rag pulls' ... Lol
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Fixed. I must have had a stroke when I wrote this. Had 3 more mistakes in a single line of text.
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Forget Bitcoin, PORNROCKET gif is all you need!
^(/s)
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Instructions unclear. Just yolo'd my life savings.
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TBF there was no disclaimer about whether or not this was financial advice
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Not just Asia. Everywhere. Who doesn't want to get rich quick?
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Touche
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I saw a graph for the US and it was like 40% pump and dumps
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gif
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Yeah too many shitcoins everywhere. People clinging to anything that might still run a few 100% in a week
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There are people today that go on and put all their money in porn-rocket.
Imagine working 15 years. You have some savings.
And you put 15 years work in Porn Rocket.
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Investors see the price is $0.0007 and think: SHIT! I can get like 14k of these for $100?!? Thinking it will hit $1 or $5 or $10.
But they don’t understand the volume necessary and tokenimics/economics behind that same $0.0007 rising to $1 or $5 or $10. That’s insane upside to happen in some unrealistically short ( < 1 year, say) time frame.
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But safefan69 on YouTube said SafeMuskInu was going to 0.50 real soon
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even in cryptos, media can manipulate all investers, so shitcoins are on fire now.
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cocoswap sounds like such a scam…
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This reassures me that we are still so early that nobody knows the quality coins.
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Trending, not popular
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PornRocket? Seriously? What in the ducking world
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A few friends of mine is into Shitcoin and one of them hope that by investing in them it'll make him passive income. Bless his soul.
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that's the secret, cap. all coins are shit coins
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tldr; CocoSwap secured the second place in Coinmarketcap's trending crypto token list on June 17. Cocoswap's automatic liquidity pools are a secret sauce to its success. Liquidity is a big issue for any new defi project in absence of centralized stablecoin inflow. Defi protocols create liquidity pools where traders stake their tokens for a certain period in return for reward in the form of LP tokens.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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I'm from SEA, and I fully understand why people flock to shitcoins.
Salary are low here. Minimum wage in my town is like $150. Some people that I know can only spare as low as $7 for crypto.
With $7, your only chance of getting big payday is shitcoins
There're TONS of solid coins with huge market caps you can buy or DCA with very little to spend- XLM, Bitcoin SV, Dash, Nano, XMR and LTC all have ridiculously low or no fees. Heck, XRP is even in the top 10.
I am from SEA too, but I only go with the less risky ones. Can’t risk too much. :(
Are you talking about me? Lol
That's my amount of DCA in USD
the problem is, marketcaps.
The chances of getting a big payday with safemoon or shiba inu isn't any greater than any other top 30/50 coin, except there's a much greater risk.
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