Hello cryptocurrency-investors,
Last week I heard of an opportunity that someone described to me as a high risk, very high reward investment.
The coin he was talking about = B3-coin.
This coin for many people is known as the perfect example of a pump and dump coin.
But as this person explained to me it appeared the developers were working on a remake:
The coin would be rebranded to KB3. (The value of 1 KB3 = 1000B3)
A new website was also going to be launched so this person made it appear as if this coin would rise from the ashes and reach new all time highs.
I decided to follow this person's advice and throw 100 bucks at this coin. (At a price of 1 satoshi I bought around 500.000 coins.) I also joined their discord and most members were positive about this coin and expected moonlandings and lambo's (you know how it goes in the modern cryptodays...)
Only after a few days I realised there was so much wrong with B3, here is my reasoning:
The biggest problem is the coin supply:
The staking rewards for this coin through time were absolutely ridiculous.
Between the 50k and 60k block a staking reward of 1000% was given to the people.
Between the 60k and 80k block a staking reward of 10000% was given to the people.
Basically BILLIONS of B3 coins were printed in this phase and given away for free.
--> Main result: Coin got dumped hard because the supply > demand.
Recently B3 coin was rising at an insane rate on the Yobit-exchange (9000% on highest peak).
This attracted some investors to B3 and it is also the only reason why B3 coin went to 5 satoshi on coinexchange for a very short moment.
The sell walls on Coinexchange for B3 coin are huge and will never disappear in my opinion.
Why? People who got the 10000% staking reward can sell for 1 or 2 satoshi and still make a profit.
The rebranding to KB3 in my opinion does not solve this problem at all! It is only a way to trick new investors into buying the coin. There will still be way too much KB3 for which the whales (people with big capital) who received staking rewards, didn't pay anything. These people who have billions of coins; they will keep dumping this coin at a low price because they are in profit anyway. (if they were smart they removed the sell-walls and made the coin fly to attract new and noob investors, luckily for all of us they did not think of this.)
I hope you all understand my reasoning and will not invest in B3 or KB3.
All people who tell you otherwise and tell you to invest:
DO NOT TRUST THEM!
They say this because they have billions of coins which they want to sell at the highest price possible (it's all for personal gain).
In my opinion:
This coin is absolutely dead, has a horrible reputation and will never give you a good ROI.
To all people who are in B3 for a long time and enjoyed staking: Congrats with your profits, but you should not try to trick new people for falling for this scam which makes you rich.
Spread the word and feel free to give me your personal opinion.
Thank you for reading.
MAXIDIGI
