Partnership Announcements are a red flag for longterm holders in crypto. Projects give a company free crypto to use their name in marketing for their coin, retail buyers FOMO in on the news, and then everybody dumps on retail.

Anyone else notice how many partnership announcements seem to pump and dump, but have no longterm effect on demand for a coin? It's a red flag when projects are still talking about pilots and partnerships from two years ago, without disclosing any contract details or concrete developments. And I'm not even talking about all of the obviously fake BMW "partnerships." Even traditional corporations brag to their investors about the basic details and monetary size of a deal. Do you really think blockchain VCs and brand ambassadors don't know that bragging about price negotiations would be good for their bags?

How much do you really think it costs VC or founders to give a Chinese company, or a leader from a developing nation, some free crypto so they can announce news of a partnership while they both dump on retail FOMO? I bet it is disappointingly cheap to do. If you think it doesn't happen with corporations like it does with celebrities, you're fooling yourself.