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03:16 AM
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Question for 'cryptotards' regarding a coin
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[quote:Crypto-Tard:MV81MTc0NDE5Xzk1MDg1NjE3XzJCMzg2MjZF] The real Crypto Tard here. It's another scam coin. Be happy you only lost $20. You're better off buying lottery tickets. Even better off buying a couple six packs. :grilled cheese i: [/quote]
Original Message
So there is this coin from United Arab Emirates called ZelaaPae (ZPAE)
Currently it is very low - Market cap is $2617
Total market supply is: 173,781,937 coins.
[
link to etherscan.io (secure)
]
I bought $20 worth - about 1.3 Million coins.
ZelaaPae have just announced that they have a partnership with Visa - their goal is to provide point of sale system that allow people to pay with crypto in stores.
They have just released their new white paper:
[
link to zelaapay.ae (secure)
]
Sounds like a good idea to me!
Problem: A lot of people are reporting that Zpae is a pump and dump scheme. That the guy in charge has ripped off investors by selling huge portions of the stock when Zpae was at an all time high about year ago.
Personally, I think it's highly possible! The dude looks dodgy, showing off his luxury sports car all over the internet!
That said .. my question is:
Assuming it is a pump and dump scheme:
When the market cap is at $2000 ... Clearly it's going to have to go up significantly before the dump.
What am I missing ... in what possible ways could I lose my $20???
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