So in this post I wanted to talk about and go over the two recent PnD's -- CHC and SYNX and also talk about a few youtubers who are abusing their viewer's trust and using it to make money by tricking and stealing from the poor, innocent people that are coming into crypto.
So let's start off with CHC.
CHC was a no-name coin that the devs' abandoned and no one knew existed -- until it was picked up but this youtube called "HighonCoins" and chosen for an "Experiment" called Advanced Hodling or Pump and Hodl.
The Pump and Hodl technique was supposedly a way to make everyone who bought the coin money because if they kept buying and no one dumped the price would keep increasing -- and this is true to an extent -- but why pump if you're not taking profits off the increased price? Well, there's the sly bit -- as he kept yelling at everyone and telling them to BUILD WALLS, I'm sure he was dumping into their innocent buy walls and then blaming other people for manipulating the market.
He's shown the community behind this technique 0 proof that he even hodls any of his coins but for some reason, a bunch of people still believe in this manipulative bs and still buy into CHC.
The coin was pumped from $0.10 (the price the youtuber bought at) all the way to $6 -- so much so that it went from rank #200 on coinmarketcap to #50. Now that all the people who bought in intially are dumping and that some people are realizing that it's never going to go back up to the old high are selling the price is falling and it's fallen under $1. So people who bought in higher lost a ton of money and are just left hodling bags or only have the option of selling for a huge loss.
Now let's talk about SYNX.
SYNX is another coin that was left dead by the developers for a while until a bunch of people who missed out on the CHC PnD wanted to make money. They created a slack group and tried emulating the CHC scam exactly -- convincing everyone to set walls and not sell.
Here's a video made by one of their community members that tells everyone to keep hodling -- but if you look closely you can see the dude has a sell order already placed for 30% profits. How fucking ironic eh?
Look closely at around the 2:10 min mark.
Credits for video : Ash Roulston @ashr
Now let's talk about another youtuber called "Suppoman"
https://www.youtube.com/user/Suppoman2011
What this guy does is just sad -- he doesn't know shit and keeps shilling his Udemy course on his channel -- which if people buy, get access to an amazing facebook group with experienced traders and professionals -- or that's what he says.
The funny thing is even his Udemy course sucks -- here's a video of him explaining market depth.
It's honestly quite disgusting that he uses and takes advantage of all the people that take his Udemy course and join his shitty Facebook group.
Here's some proof from his very own exclusive facebook group that he's nothing more than a pathetic pump and dump scammer.
He's not the only one though, there are multiple pretending like they're trying to help people out but are just using them instead.
Trevon James and Craig Grant exposed --(www.youtube.com/watch?v=UoRJ9EYstTE, www.youtube.com/watch?v=wfSUNruXa7w)
So please do your own research whether it's based on fundamentals or technicals before getting into a coin -- most of these youtubers just tell you to blindly buy into a coin so they can dump on you later. Remember that this is the real world and most if not all people are looking for a way to make money for THEMSELVES and not YOU.
Please share and resteem this post so it can reach as many people as possible and educate them against these youtubers and PnD scams.