May 26, 2017

Beware of Mooncoin Scam

Attention newfags and no-coiners trying to get into the crypto game. Below is important information about the recent pump & dump scam called "Mooncoin". Read it carefully.

In essence, Mooncoin is one of the thousands of noname, no-volume, copycat coins that never make it to major exchanges and mostly collect dust. However, it has been picked up by a small scammer team that is currently shilling in other threads. What's their motivation? To lure enough newfags in and then take their money. They promise that it'll go up in value so that you buy it and they can take a 200%-500% profit off their own cheap coins that they bought in advance. Where does that profit come from? Your money. What do you gain? Nothing, because the coin is worthless and no one needs it.

Now, take a good hard look at the screenshot. It is Mooncoin's market trade history. You can see buy orders and sell orders. Can you notice the obvious pattern? Buy orders are very small, almost always below 0.01 BTC. On the contrary, sell orders are pretty big, often 0.1-0.2 BTC. The coin is getting sold WAY faster than bought. People are getting huge double gains off those who bought later at a higher price (newfags from /biz/), and if you buy it now, you'll lose your money. There's simply no room for everyone to win, and worst of all, they're scamming /biz/.

If you want to get into crypto, invest into any OTHER crypto coin. Don't touch Mooncoin. Don't fall for the shilling, ignore the scammers trying to get your money. Instead, read more, research carefully and never pursue a quick 300% profit until you become more experienced. Wish you a happy crypto experience.

Please bump this thread to keep anons informed.
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Figured this from watching it from yesterday morning. Sold at 3 sats (after buying the night before at 1 sat)...
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I'll never comprehend how anyone can buy into this shit.

It's a coin with LITERALLY no use. God damn, if you invest into coins because of /biz/ comments you deserve to lose your money.
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>>2196311 (OP)
Sage for being a money-hating fudfag
Moon is no different than rdd. Crypto is not jewstreet and you suck shit.
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Its already done...

Im one of the original 6 shills, we all bought ab couple thousand dollars of moon coin at 1 sat each, and sold for 2 or 3 times profits.

Not bad for 1 day of shilling.
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>>2196328
You're right to say that, but if you catch the memes early (and see them for what they are) you can still make a decent profit
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Dont listen to him.
Do you really want to miss out on the next RDD? It was at 5 sats and people called it a pump and dump, and now it's at 80 sat
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>>2196311 (OP)
you could say the exact same thing about 99% of altcoins, even the ones on the big exchanges. none of them have any real value except the hope that it'll rise further. google "the greater fool theory".
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Sell them all to me at 2 sat then, more money for me later.
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If you still hold this and are not selling ASAP you deserve to be homeless
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Yeah, i guess they'll be back next month and they will start shilling another deadcoin. if you fell for the moonmeme warn other newfags next time.
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>>2196469
how do you ever expect to get a lambo with such weak hands? if you bought at 1 SAT you can't lose on this, so it's better just to wait. the volume keeps going up and up so if people stop being such weak-handed faggots and just HODL, then this will get onto a big exchange soon and that's when the profit starts coming in.
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>>2196490
You don't understand that in a couple of hours you have 100% loss
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>>2196502
This coin got up to 20 SATs once and you think it's gonna stop at 4 before falling this time?
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Don't buy the coin. let the scammer die holding it
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>>2196345
same, made 2k in profit thanks anon
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Made 100% profits
Thanks based scammers
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>>2196522
it reached 5, and its going down already
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>>2196343
stop trying to create FOMO in people by comparing this to RDD. You spammers are trying to scam /biz/raelis with this utter garbagecoin.
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>>2196424
But RDD has a use (if implemented correctly). It allows anonymous tipping through social media to streamers and camwhores
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>>2196660
EVERY FUCKING CRYPTO COIN CAN DO THIS YOU FUCKING IDIOT.

LTC is a sleeping giant

I have had some questions about LTC along the lines of now that BTC is in the midst of massive growth due to in part the agreement that Bitcoin will now get Segwit, will Litecoin go up or down? Of course, it will do both, but overall I will say it goes up and that the Mother of all Moons is approaching.

Micro gets reflected in the Macro. LTC is the micro to BTC's macro. Both branding and code reflects this connection. Younger to Older brother. Silver to the Gold. BTC now agreeing to get Segwit adds only weight to this connection. The primary difference in the latter is that Litecoin has stepped out of the shadow of bigger brother and brought significant change before Bitcoin.

Many critics say Litecoin is merely only a testnet to Bitcoin. There is some truth to this as it shares similar code. However even if Litecoin's only role were a testnet it would be a testnet to what is potentially a trillion dollar market. Therefor if you think Bitcoin will grow, it's fairly safe to assume Litecoin will follow suit. Is bitcoin growing? You tell me.

Finally, the micro / macro connection LTC and BTC share. There has been an agreement of sorts for Bitcoin to get Segwit. But will it be smooth sailing? Was it smooth sailing for LTC? Arguably many involved in the rocky road to SW activation on LTC took advantage of the sentiment as pools were activated and deactivated, and tests were tried, and doubts arose. Theories of market manipulation etc etc. We saw massive swings on the path to SW for Litecoin. The same will be true for BTC. As these massive swings come for Bitcoin we can expect massive rallies for the Lite. However unlike Litecoin, Bitcoin has many times more invested. If there is the hint of manipulation I think we can expect to see not just outcries on twitter as holders cry fowl, but we can expect all out investigations by the law at large. All of which can have devastating affect on BTC price.
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I'm probably gonna pick up some litecoin. Just used it earlier to buy something with Crypto and it confirmed really quick
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>>2195028 (OP)
So...buy eth?
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>>2195034
Where are you using ltc to buy stuff with?
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>>2195037
ETH went from 9 to 220 dollar in a matter of time, only a fool would buy eth now. If you don't have ETH, don't buy it because it WILL collapse. When? I don't know.
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>>2195044
reddit gold accepts ltc
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>>2195044
https://www.coinpayments.net
Anywhere BTC is accepted will soon start taking other cryptos. Ofc companies will probably cash it right away
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how high do you guys think LTC will go?
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>>2195178
>how high do you guys think LTC will go?
$200 by the end of 2017
$1000 by the end of 2018
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>>2195212
but what about in BTC?
I just want to get rid of my LTC when it has a good parity with BTC. I got 21 LTC, I want to put a high sell order and forget about it until it happens.

I think 1 BTC for my 21 LTC would be fine.
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>>2195231
>but what about in BTC?

this is tricky. the success of LTC depends on BTCs inability to adapt SEGWIT and faster transactions (which I'm betting on).

I'm hodling for at least another year.
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>>2195048
>claims made without evidence can be refuted without evidence

You're wrong, ETH won't collapse.
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>>2195048
>If you don't have ETH, don't buy it because it WILL collapse.
and why exactly would that be?
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>>2195263
so you mean that if BTC's segwit thing fails, my LTC will be worth more?
As in, it's a good idea to diversify?
dammit.

I've been posting my google sheet a lot, but anyways, this is how I diversify (mostly my old coins from 4 years ago)
But I don't have much faith in monacoin for example, so I want to get rid of it in exchange to BTC. And maybe I should have sold RDD
I'm also trying to sell some DOGE but only at high prices