Hasbulla joins the list of celebrities scamming their followers

[tabas]

These celebrities can also be used by the developers who have plans to scam the potential investors. And that's why they're naming their tokens after these celebrities. But if this one has a real association with Hasbulla, just like what's with the Hawk Tuah girl. These people are trying to make a lot of money in a quick manner because they've seen it effective and happen for others. People will definitely find their lessons the hardest possible way that they can if they never try to learn what are the signs of being a scam project.

There are no policy against celebrities promoting scam projects so they continue to collect the gig. There should be a law that they will be imprisoned if the gig turns out to be a scam project. If this happens, they will do their homework and care about their fans and followers more.

I think that they are working on it. But they should also file charges against celebrities that are endorsing proven scam projects. So that these celebs will also filter the endorsement projects before they accept it. Not just that they keep on accepting it without knowing the background of it.

[Rustam Meraj]

Unfortunately most memecoins end up that bad, but when can we say that it is a scam and not simply a bet? even the Trump family launched their own coins, but I doubt they'll be ever charged for it. People knows or should know that these coins/tokens are very volatile and that they can win much in the short term or end losing all their money if things go wrong. Unless the creator of the token manipulates the market (because he kept many of them for himself and he sold them all at once on the market, for example) the line between a scam and a game of chance is blurred IMO.

You explained well world of memecoins is like Wild West where it is tough to tell difference between risky gamble and actual scam. Most memecoins quickly lose their value because they are very volatile which makes them feel more like bet on what is popular online. True scam happens when coin creators trick people by secretly holding many coins themselves and then selling them all at once crashing price and leaving everyone else with nothing. This rug pull is hard to stop because these projects are mostly hard to trace. Even if famous people like Trump family launch coins it is only scam if they actively lie or unfairly control market which is hard to prove. While people should know these coins are risky creators are not off hook if they deliberately mislead investors. So  line between risky bet and scam is very fuzzy largely depending on creators purposefully try to cheat others.

[Alpha Marine]

I say it every chance I get that memes are a gamble, and I keep being proven right every day. There is simply no way to tell if a meme will do well or not; you just have to hope it does. This is why people with more money tend to make the best profit, as they have sufficient funds to invest in various tokens. Fortunately, if one of them is successful, it will appear as if they're a gurus.

The points you mentioned as reasons people still fall for these scams are exactly spot on. People need to start seeing the celebrities as just normal people. They can do exactly what normal people do.
The same way people partake in Ponzi schemes, knowing it's a Ponzi, is the same way people put their money into celebrity memes. They feel they're early, so they can take a profit on time. I've seen memes that get rugpulled within 24 hours of launch.

[btcltcdigger]

I don't know why people are surprised. Most "mediocre" famous people will do or have done the same. Hasbulla is just a midget who got some fame over the internet, nothing more.
And he wanted to exploit that fame and do an "exit" once and for all

[Lucius]

I've never heard of this man or any of the projects mentioned in this thread - I wonder who the people are who believe in fairy tales and give their entire savings to scammers like this? It may sound ugly, but the people who were scammed in this and similar scams somehow deserve it - because of so many "normal projects", people are looking for something that looks like a scam at first glance.

I say it every chance I get that memes are a gamble, and I keep being proven right every day.
~snip~

Gambling can be fun and you know what you're getting into when you play dice or roulette, but investing in this kind of nonsense is like throwing money into a bottomless well, believing that a bunch of money will come out of that same well. It seems to me that it has already become a type of addiction that should be dealt with seriously.

[Zaguru12]

I've never heard of this man or any of the projects mentioned in this thread - I wonder who the people are who believe in fairy tales and give their entire savings to scammers like this? It may sound ugly, but the people who were scammed in this and similar scams somehow deserve it - because of so many "normal projects", people are looking for something that looks like a scam at first glance.

Sometimes when I don’t feel pity for the victims of this scam tokens because how many times have we seen tokens been promoted and back by celebrities that have actually turn out well. It is crystal clear that Altcoins that even have utility are very risky to invest why then will someone go into memecoin which already oozes of scam and expect something good to come of it. It was a pure gamble from onset and it didn’t play out well that’s why there are even noise about it.

Look at trump coin that made few people money and scam large number of people, yet people still ape into the wife’s token which shows that even if the celebrities are warned against this non celebrities will still lunch shit coins and still have people to buy