Squid Games Crypto Token IMPLODES

don't sue me bro but a few days ago we

talked about the squid games token we

talked about how it was uh

very

almost certainly unaffiliated with

netflix

we talked about the multiple spelling

and grammatical area errors in their

white paper we also

did the math about how disastrously

essentially impossible it would be

to get your money out

of of basically the squid game token and

the reason for that was very very simple

in order for you to make money the goal

of the squid games token uh was for you

to

play the squid game with 456 other

players but in order to

play the game the squid game you would

have to pay an entry fee of uh 456 squid

which at the time of the recording was

like 5 300 which is insane i mean you

would almost need 200 000 to play the

game which is the opposite of of being

affordable which was kind of the whole

point of the squid game right

uh anyway you would play these rounds

and you would have this one in 456

chance of winning and while playing you

would have the opportunity to earn

marbles

but marbles were really important

because marbles would allow you to sell

your squid token so let's say you

invested 200 000

to play the squid game

if you lost well your 200 000 is gone

because you lost it playing the game

if you won you would need marbles to get

your squid out

but in order to get marbles you either

have to buy them

or

you have to play the game but if you

play the game you've got a very large

chance of losing one i mean you have a

455 out of 456 chance of losing right so

if you try to get marbles by playing the

game you're going to lose all your money

playing the game because the odds of uh

winning are less than one percent

substantially less than one percent

they're less than one-fourth of one

percent okay

uh but marbles

have this really weird

uh burn affiliation where we're

essentially uh if you wanted to take out

for example uh

at the time we did the math if you

wanted to take out ten thousand oh i'm

gonna get a little blur there if you

wanted to take out ten thousand squid at

a value of uh at the time like eleven

dollars per squid that's a hundred

eleven thousand dollars you would

essentially have had to bought

marbles uh uh worth about well twenty

thousand marbles which would have been a

cost of sixty six thousand dollars so

you would have lost another fifty

percent

of of your your money

just trying to unlock the ability to

sell

i mean this is like the the most

horrible kind of cryptocurrency ever

where essentially they trap you into a

game

where you have uh less than one quarter

of one percent chance of winning

and if you want to sell

uh you have to spend a god-awful amount

of money just to have the right to sell

or play the game where you have a less

than one quarter of one percent chance

of winning and that's in addition to the

spelling and grammatical errors the fact

that coin gecko called them a scam

uh you know everything about

the squid game token seemed like a

complete scam

so this token kept going up and up and

up it would just not stop going up uh

and it was it was pretty incredible

and the problem with that

when something keeps going up is people

have this impression that when things go

up that they're safe

and that is wrong this is something we

talk about regularly in the stocks in

psychology money group that when

something goes up uh it is not safer it

is riskier

and this is something that's extremely

important to pay attention to when

prices go up risk goes up

and so worth noting

that uh that the squid token here has uh

on on coin market cap has had a little

bit of a

price shift uh let's say so i'm gonna go

ahead and show the last a month here

actually let's just go to the last seven

days it's probably a little bit more

relevant there we go okay so uh in the

last

seven days here

take a look at what's happened to the

squid token so the squid token here

ran

from about 10 cents

to two dollars to five dollars to 11

this is when i made the video calling

the squid token

a scam

and encouraging people not to invest in

it yeah

because of how difficult it would be to

actually get your money out like even if

you did win

you would just be backed into a corner

again of trying to actually get your

money out right

i went to 13 14 folks it exploded then

it 3xed again after i made my video

calling it a scam it 3xed to 32.

this saturday

and then it kept going and kept going

and kept going

and kept going it literally kept going

look at this it ran all the way to uh 38

and then folks look at this it ran up to

89

89 dollars

the squid token ran two that's

eight times that's an 8x return so had

you invested when i called it a scam it

would have gone up another 8x

but then folks

the reckoning

a 99

decline wait i'm sorry

a 99.99

decline

it is now worth one third of one penny

the scam token

is

no more look at this

it ran all the way up to it actually ran

oh my gosh six hundred twenty eight

dollars

seventeen hundred dollars twenty eight 2

800

look at that in a matter of five minutes

or

that's about 15 minutes here in a matter

of about 15 minutes it went from 625

dollars to 2 800

and in a matter of about an hour and a

half went from 38 dollars to 2800

and uh then basically evaporated

all that money is gone so whoever

created this scam

really just made off

with um

i would say

somewhere around

i mean it's tough to say i mean the 24

hour volume was around 14 mil

you can't really go by the valuation

because uh the valuation implies that

they're able to liquidate all of the

coins at a certain price which is

obviously not gonna happen

uh so

but the point is any anybody who put

money into this has lost money so if we

look at

gosh now i feel terrible about it

but if we go back here to uh but then

again i don't because it's kind of like

i mean the writing was all over the

place right

so um

yeah i mean you had you had 24 hour

volumes of somewhere around 10 million

dollars

uh

jeez

it's difficult to tell how much exact

money was thrown into this but i would

venture to say there was probably

somewhere between 10 to 50 million

dollars thrown into the scam

uh and uh anybody who who bought into

the scam

uh uh has obviously lost their money

i mean you were basically throwing money

into a chinese handcuff

uh and uh

now now whoever created this has cashed

out

and uh they can probably retire pretty

well here it'd be very interesting to

see

where uh

where the money ends up going

what ends up happening here

uh with this money

you could see uh it looks like money is

being transferred out of it

substantially yeah look at this one

minute ago look at this tokens like

crazy

uh are being transferred out uh would

look like out of this address it's a

little difficult to tell here

oh now it's been listed as a heist

look at that they've labeled it as a

heist

uh

where a notable amount of ethers or

tokens have been stolen

oh

forty thousand nine hundred twenty two

hodlers so imagine forty thousand people

wanting to change their lives with the

squid token and let's say they each put

in

fifteen thousand dollars

just as an example

there's no way that's 600 that'd be 613

million

dollars

uh yeah i i mean oh my gosh that's uh

certainly much more than i that i would

have anticipated uh if that uh if that

was the average amount but i mean let's

let's even take a couple you know take

take a take a number away here that's

about 61 mil here if everybody put in

1500 on average maybe that's probably

more of a an expected average 1500 or

maybe even less you know even 150 the

point is it'd still be somebody still

made off with millions upon millions

upon millions

of uh of of uh dollars here

huh

yeah yeah yeah

all right well

there it is

all right that's unfortunate but that is

uh that is the result of

a pure scam

and it was uh very very i mean the

writing was all over the place and it's

unfortunate to see that but uh anyway

uh

okay

that is the squid token buyer beware

when you look at potential

altcoins

they do not have to be legitimate at all

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