A trader shared how he became a millionaire after investing in altcoins. But he adds that it was only for five minutes as he lost everything when the project collapsed…
Become a millionaire for 5 minutes with SQUID
An anonymous Reddit user claimed to have made $1.3 million after investing in SQUID, the cryptocurrency inspired by the Netflix series Squid Game. SQUID set ATH at $2,681 before crashing to $0.01, down 99.99% from last month. cryptocoin.com You can take a look at the Squid Game article we have transferred here. Many major sites had warned about the “rug pull” operations about the altcoin project. The “5-minute millionaire” says he is “interested” by the project and wants to invest in Squid Game for “research”. Reddit expressed it this way:
I just thought I’d put in 10 bucks just to be funny. I got 661 SQUIDs. As the days passed, I began to see it climbing to $1, 2, 5, 10, 30 dollars and I thought… Can I withdraw this money? Of course, I knew I would never withdraw the money, I was totally convinced of that, but it was fun to see it happen.
Altcoin investors beware!
The investor said that two days later, the price of SQUID had risen to $2,000, meaning it would earn over $1.3 million. However, five minutes later, the altcoin project collapsed and lost everything. The trader then “recognized” the scam and advised other investors to “never invest in high-promising altcoins, always do your research and be careful what you invest in.”
Of course, remember that cryptocurrencies belong to the risky asset class. Examples of millionaires with cryptocurrencies can be deceiving. Promises of high returns should not be more important than trust.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.