TL;DR
A fake “guide” promotes an ETH pump-and-dump scheme, leaving investors holding worthless coins. This echoes past financial crises, proving that greed and misinformation can lead to devastating losses.
Story
Another day, another crypto scam. This time, it’s a fake “guide” to making money with ETH in 2025, supposedly from the ETH Foundation. The image linked shows a classic pump-and-dump scheme.
Here’s how it works: scammers hype up ETH with promises of riches, driving up the price. Then, they dump their holdings, leaving unsuspecting investors with worthless coins. It’s like a Ponzi scheme dressed in a suit—early investors get paid with later investors’ money.
The comments show the human impact: devastated ETH holders watching their savings vanish. One user laments holding 60% of their net worth in ETH—a stark reminder of the dangers of putting all your eggs in one basket. Another cynically jokes about shorting ETH, highlighting the despair.
This scam echoes past financial crises, like the 2008 housing bubble or Enron’s collapse. Greed and misinformation drive these bubbles, and the average person always foots the bill.
‣ Pump-and-dump: An illegal scheme where scammers artificially inflate an asset’s price (pump) before selling their shares at the inflated price (dump). ‣ Shorting: Betting against an asset’s price, profiting if it goes down.
This isn’t the first crypto scam, and it won’t be the last. The crypto space is a breeding ground for fraud, and new scams pop up daily. The lesson is simple: if it sounds too good to be true, it probably is.
Advice
If it sounds too good to be true, it probably is. Steer clear of “guaranteed returns” and do your own research before investing in anything.