this post was submitted on 02 Jun 2025
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[–] AA5B@lemmy.world 5 points 4 days ago (1 children)

That’s the big question: do you recognize the scam in time to take advantage of it, and have the awareness to get out in time when there are still suckers?

I know a few people who made money on crypto in the early stages this way: recognize the scam but take advantage.

It was probably possible to take similar advantage of the Trump bribe laundering crypto scam, even without the benefit of the insider trading and market manipulation

I very briefly considered it but don’t trust my awareness to get out in time, plus participating in the scam would eat me up.

[–] sylver_dragon@lemmy.world 2 points 3 days ago

I very briefly considered it but don’t trust my awareness to get out in time, plus participating in the scam would eat me up.

Ya, one of the best pieces of advice I got was, "never gamble money you can't afford to lose". This is what keeps me out of trying to chase that tiger. Sure, it could be possible to make some money by jumping on one of these scams early and trying to ride sell the bump. But, it's also likely that be the sucker losing out in the end. I'd rather not waste my money that way.