re: Game Coin… Biggest BR scam ever?

Cryptocurrency and pyramid schemes are not real different.

You kids have no patience these days. Just like any investment you have to hold.

If you fell for gamecoin started by a Baton Rouge dude living in Carriagwood, then you deserve to lose your savings.

SafeMoon took me for $200. A week after I got in that $200 was worth $1,900. Now it's worth .66

Their “white paper” was hysterical, it was just the website basically in pdf format. Gave 0 actual info on anything, none of them could answer a single legit question either and just laughed it off.

Good on them for conning everyone, will be interesting to see who David decides to make the fall guy

Those of us who never bought in:

CAHLIC HIIIIIIGHH

When it first became available I had a few people tell me about it. One guy told me a coworker of his put a few thousand in it and it had gone up a lot so that guy's dad wanted to buy $50k worth because they were sold on the idea it was going to make another big jump and it tanked.

The first thing that turned me off was how you had to buy it, you had to go through something and buy that amount in bitcoin then I think you bought Game Coin with bitcoin or something? But I put $200 in crypto. I bought $100 worth of dogecoin in April of 2000 (or 2021, right before dogecoin went up to like $0.75). I bought it at something like $0.18 then it wasn't long after it had gone up. I usually rather take a small gain than continue to risk, but you had Elon Musk tweeting about "Dogecoin to the moon" and Telsa started accepting it as currency.

The Dallas Mavs started accepting it as well and it seemed like it was becoming a legit form of currency. After all, there were two billionaires hyping it up. Then all of a sudden the shite started gradually going down.. The $100 worth of Bitcoin I owned was going down as well.

I ended up taking what I had in Dogecoin and putting it into Ethereum because it seemed like there were new types of crypto every day and it just didn't make sense and I figured that the market was getting watered down and if any of them survived it would likely be bitcoin and Ethereum. When NFTs became a thing, that's when I started thinking more into all of it and couldn't come up with any sustained value. So when Game coin became a thing, that's when I started thinking "okay, this is getting to be a little too much" especially when reading what all of these coins were suppose to support.

I just didn't understand. So people buy these coins and they were going to support athletics. So that money would come from the money people spend buying the coins? So how would that increase the value? And if the value wasn't at all constant then what happens when a lot of people want to sell when the value goes up significantly? If the money is used to go towards the things it was supposed to, that shite just didn't add up.

But the biggest scam is either Game coin or that Stanford financial group that got caught with their pants down in 2008 doing the great recession.

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Game Coin… Biggest BR scam ever?

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