As a seasoned crypto investor with battle scars from countless encounters with digital wolves in sheep’s clothing, I can’t help but nod my head in agreement with Lucie’s recent warning to the SHIB army. Over the years, I’ve learned that the most dangerous predators aren’t always the ones with sharp teeth – sometimes they come disguised as friends, promising riches beyond your wildest dreams.
The official marketing lead of the Shiba Inu team known under the pseudonym Lucie has published a post on her X account to send word to the SHIB army about crypto scammers within the community. This happened while the SHIB price demonstrated 12.5% growth over the past day.
Lucie’s scam warning to SHIB army
The SHIB marketing lead reminded the community that “crypto is full of scammers in sheep’s clothing.” They “twist reality and manipulate basic truths,” per her statement. Lucie explained the way scammers work: They put emotional pressure on crypto holders, making them think that they are “missing out on the next big thing.” However, Lucie said, all they promote is “random scams and Pump & Dump” schemes.
The Shiba Inu marketing head advised the Shiba Inu community to exercise wisdom and avoid getting drawn into deceptive offers or suspicious ventures. It’s reasonable for investors to seek profit opportunities, but wealth accumulation comes from holding onto investments and being patient rather than acting on fear of missing out (FOMO), she emphasized in her tweet.
A friendly reminder: The world of cryptocurrency can be deceptive, with many individuals masquerading as trustworthy while concealing their true intentions. I’ve witnessed them distort facts and exploit emotions to make you feel like you’re about to miss out on a significant opportunity, but it frequently turns out to be a strategy for promoting fraudulent activities.
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 16, 2024
Crypto adoption test from SHIB team
A Twitter post from another Shiba Inu team-related account, SusBarium, discusses a test for evaluating the legitimacy of crypto projects, distinguishing between those providing real value and those merely siphoning liquidity.
As per the article, initiatives that boost value contribute significantly to the widespread use of cryptocurrencies. They foster liquidity and develop lasting environments, thereby equipping users with tools that elevate the overall community. In essence, these cryptocurrency projects foster sustained growth and fortify their ecosystems in the long run.
Regarding initiatives that deplete resources, these typically thrive on excitement rather than substance, extract money without providing substantial returns, and frequently vanish. Over time, they tend to leave their environment less robust than it initially was.
Assessing Adoption: Distinguishing Value Creation from Liquidity Drain
— Susbarium | Shibarium Trustwatch (@susbarium) November 16, 2024
This tweet advises caution about meme coins as they can stimulate interaction and camaraderie, yet they may also attract individuals who offer little to no genuine value to the project. @susbarium emphasizes the need for a mix of enjoyment and practical application when assessing projects thoroughly. The message encourages users to question whether a project is providing value or merely consuming resources.
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2024-11-16 23:20