A place for developers to talk about building on Farcaster.

/dev

A cryptocurrency trader lost more than $1 million worth of digital assets after a hack on Noormi's meme coin. This trader spent over $1.16 million to buy 11.23 million units of Noormi Memecoin, his initial investment dropped over 99% to just $150 within 3 hours.

Actually numbers are following: 70% -75% of people lose money in their first year of trading! Other 20–25 % lose money in next 5 years! And only 3–5% of all traders are profitable or not losing money.