WARNING!!! BEWARE OF E-COIN XD A PUMP AND DUMP!
So... what is e-coin exactly? Did you happen to go to Coinmarketcap today and find out that a "new" cryptocurrency suddenly appeared in the 25th spot? This coin is called E-Coin!
And I went to check coinmarketcap itself and noticed that it was worth over $230 bucks!! And just yesterday it was worth $5 during all these bear market dumps of all other cryptocurrencies that is going on? I was thinking there is something NOT right here at all...
And now as I write this blog, it is trading at only $2.24.... what an obvious pump and dump :P
Ironically if you try to go to their website link, https://www.ecoinsource.com/ , you will stumble upon this:
LOL E-Coin is a scam and a crap coin :P This is just a warning if you ever see a coin you never heard of going from $2 to $290+ in a couple of hours and then back down to $2.24... if you see that kind of extreme volatility in a coin, be very aware and stay away from coins like these with a broken link...
I can understand for these reasons and the whole Bitconnect/Davor Coin situation why they want to regulate cryptocurrencies. Its to ensure they weed out all the crap coins and scams out there and only promote coins with a great innovative technology that solves REAL LIFE issues.
INVEST WISELY and do not fall for easy pumps with no real tech behind it. What do you guys think about this? Had a good laugh? Upvote if you like this, comment below your thoughts on this! Follow me if you want to see more from me and resteem to spread the word around!
Until next time, take care, God Bless and stay cool! :) Bai bai! :)
Damn @denoxblogger that's some scary Sh@t right there.
Why does the World have to have lowlifes like this trying to scam others :(
Thanks for the heads up, though :)
This is why we cannot have good things in this world sometimes, cause there are always someone that tries to ruin it.
Nice piece. Just wanted to add that a good way to understand that this was a scam is to just take notice of the ridiculously low volume. In the screenshot you see it was hovering around the $50k. This means that even the author of the pump and dump could not profit more than $10-20k. Which is very low for this kind of schemes.
Ahh yeah man, I forgot to mention the low volume but one of the screenshots show it at least :)
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