Crypto 360°

A lot of people assume the market is rational, and it isn't. Markets swing up and down all the time on irrational exuberance. Also, tons of people lose their money because they see a trusted institution or brand list a token, then go all in on said token. The logic (in their mind at least) is that if a reputable site/brand/exchange lists a coin it must be legit.

The HEX coin looks like a way worse Bitconnect. I was around when people like Trevon James and that other guy, Craig Grant and others, they were posting Bitconnect everywhere on reddit/twitter/youtube/steemit all the time and sucking all these people in. They used their previous credibility they built up to suck people in.

Once they have credibility and a fan base of "suckers" to suck money from they do it. By Roger allowing HEX to be listed on Bitcoin.com it is taking advantage of people who "trust authority figures/instituions", who are going to end up losing a ton of money on an obvious scam project. The project itself literally makes no sense and promises a 10,000% return, but if you read it it says later in the same website that if more people stake stuff you make less money and it could go as low as 10%.

submitted by /u/DecentralizedNews_YT
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source https://www.reddit.com/r/btc/comments/ebp9lj/the_real_problem_with_listing_hex_on_bitcoincom/