Recently, something dangerous happened in the world of cryptocurrencies. Davinci Jeremy - the same man who became famous in 2013 for supporting Bitcoin 💰 - has now started to deceive people 😡. Many new traders still trust his old reputation, which is why they easily fall into his traps 😞.
🪙 How he deceives new traders
It keeps launching new meme coins 🪙🪙 and promoting them as if they are the next big opportunity. It says things like: 'If you missed Bitcoin, don't miss this!' 🤦♂️. Upon hearing that, people believe the coin will soar 🚀 and rush to invest their money.
🚮 What really happens
Once people start buying the currency, the price goes up. Then, at its peak, they suddenly sell the currency 🚮 — meaning they sell all their tokens at a high price. After that, the price of the currency crashes ⬇️, leaving ordinary investors with significant losses 💔. This trick is fully known as pump and dump 💣.
😔 Why do people fall into the trap
Many beginners trust influencers more than they should. They believe that a famous person wouldn't lie. But in the world of cryptocurrency, fame doesn't always mean honesty. Scammers use their popularity to deceive people and make money quickly 😬.
🔍 How to stay safe
Always be cautious 🙏. Don't trust anyone blindly — even if they are a celebrity 👀. Always do your own research (DYOR) 🔍.
Check:
Is the project real?
Are the developers honest?
Is the team transparent?
If someone promises you 'guaranteed profits' or says 'this is the next Bitcoin' 🧐 — that's a big red flag 🚩.
🌟 Final advice
The world of cryptocurrency is filled with opportunities, but it is also filled with traps. Be careful, protect your money 💪💰, and invest wisely 💵📊. Don't let scammers exploit your dreams.
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