Every time you want to give someone pushing cryptocurrency the benefit of the doubt, remember this video

As it stands, LFIN has a market cap of about $6.5bn. Average trading volume is 4.5 million shares per day. For perspective, that is nearly twice the market capitalization of aerospace manufacturer Embraer, which does $6bn or so in revenue per year.

We have entered a new phase of cryptomania. This is the part where retail investors start bidding up the prices of anything even tangentially associated with cryptocurrencies, and fraudulent penny stock operators steal from them.

There is blood in the water. The sharks have sensed it. Now comes the feeding frenzy.

Please, please, please. If you are interested in this stuff, stop and think before you buy. Better yet, consult with a trusted financial advisor. Do not become an investing statistic.

No one is looking out for you. That may be painful to hear, but it is true. The SEC is always slow in catching these things and anyway you will never recover your losses even if the scammer is prosecuted. Many of your fellow crypto enthusiasts are incredibly naive about the pervasiveness of financial fraud, particularly in the world of microcap stocks. Do not give penny stock operators the benefit of the doubt.

 

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